CTR - Crypto Talk Radio

One of our first episodes broke down what we wanted and expected from a #crypto whitepaper. Of course, our hardware was rudimentary and we weren't nearly as refined as we've since become. As a #podcast for the people, we decided to remaster and republish this episode, and it's timely, given recent projects seem to have ever declining whitepaper quality. The rubric will be made available soon on https://www.CryptoTalkRadio.net under a new section we're creating.

Blacklisting, blocking, high taxes.... All in an effort to discourage #crypto whales from doing what they do, which is make money. We don't agree with it. We think it turns people away. It also negatively impacts the majority due to the minority. We think it's avoiding the real issue, which is the fact that cryptocurrencies NEED whales to succeed, but many of them simply suck at managing the whales. We give our thoughts therein.

Contact information in the screen (Twitter). We'll pin a comment with additional information.

Libero Bank is Libero Financial's form of #crypto staking, offering Libero tokens as compound rewards plus BUSD that goes up as the price goes down. xLIBERO is issued in exchange for staking your LIBERO. It acts similar to a promissory note. wLIBERO is a potential upcoming form of wrapped LIBERO that would enable major exchange listings. Wrapped tokens don't have the same issues getting on exchanges as regular tokens with incompatible tokenomics, so if they pull this off, it positions for MAJOR volume in the future.

For the token, the only thing that concerns us with this is the strong potential - due to their presale and no apparent #crypto anti-whale - that it suffers from pump and dump and never really recovers, like what happened with Crypto Vault. The utility looks like it could be something, but contrary to their claim, a number of tokens had missing or incorrect data. Not sure why.

Probably the best presentation of any #crypto available right now. However, the third-party source data doesn't appear to be consistent with what's stated on the site and we don't know why. We'd love to talk to them about what we've found - if they want that smoke - because it looks like a strong contender otherwise.

In all of #crypto, we've never seen such a farce. OKX, one of the largest exchanges by volume, dangles a carrot to the #Saitama team to get a bunch of people to deposit. The timing of this falls right square in the middle of the #SaitaRealty failure and the excuses from the #Saitama team. We think OKX is playing games and laughing at it. However, as a "YouTuber", we felt like we should do our part - thus, @13:06 - 13:32, we tell you exactly what they want you to do if you're NOT in the US. Because of course, OKX bans the United States - and VPN won't work because you (apparently) have to KYC. Assuming a listing does happen, we don't think it'll do much. The investor sentiment is too damaged, and this last fiasco with SaitaRealty was the nail in the wall for many people who dumped out. Even if it managed to spark some interest, BabyDoge got on OKX last year and it hasn't significantly jumped; its volume is lower even than Saitama. We think it's all smoke and mirrors to toy with the Wolfpack. But hey, who are we? Why listen to us, right?

Remember: The Smoke Report is right there when you click Play, if you just want the #TLDR of what we found. This #crypto coverage likely will go on the #podcast Tuesday, but figured I'd do something special for the Twitter folks and release it here first. We think it's a decent and slightly compelling project that frankly has insufficient messaging on all avenues. That, in conjunction with the baggage associated with "Fidd", we believe have hampered the project's ability to grow faster than it has. We know it's fairly new, and it looks like some of the heartburn may have passed, so it's possible that it recovers. We share some ideas that we think would go a long way towards getting more chatter about the project. Reputation management will be critical though, and having more, not less, information will help in that regard. If the team wants people to share external coverage, we think those YouTube folks should create a dedicated playlist for them (if possible) and then have the PFv2 team link to those playlists for those that are interested.

Whether you refer to it as #Saitama, #SaitamaLLC, #SaitaMask or #SaitaRealty, you've heard that all's not well. The bottom line is this. As we've said multiple times since November, the ecosystem cannot thrive with the current people in charge. Now here's the thing - what happened, has happened to many tokens before (the most notable one was DYOR Token v3). Our issue is that, due to their refusal to talk to us so we could warn them about these issues, a lot of investors were negatively impacted, unnecessarily. In DYOR's case they immediately relaunched, as "3.1" which allowed them to fix that issue. Saitama has not announced an intent to relaunch yet as of the date of this video. The way this person exploited the situation was covered by TARP as well - and in our opinion, we don't believe it was an oversight. We believe it was intentional, and someone caught on and exploited it.

Now we understand where the push for #crypto shillers is coming from. It's coming from investors that don't know any better, asking their projects to go after the same group of people that have tanked multiple projects. This upload is simply to affirm: we will NEVER support shillers, and we don't think you should, either. It's not about how many people subscribe or follow anyone. It's whether you can verify what they're telling you for yourself to be true. Too many newbie investors are being influenced by these guys that pull the Donald Trump approach - speak fast while saying nothing - and they're ignoring fundamentals and neutrality. You're free to do your own thing. But we won't ever support it, and we'll continue to sit back and watch tokens repeatedly struggle after their shillers dump on them.

The developer behind this is 100% with a whos-who of game development history. There's no concern in terms of credibility. As far as the game itself we think it'll appeal to international gamers, especially in places like Japan. Being on Polygon might be an issue given the Sunflower Farmers game killing the network when this game is easily 50x what that game was. The other big potential risk is that they have people from Kabam, which was most known for spinning up games and then shutting them down after making tons of money.

Another cucaracha - and this one didn't even bother to get the site to a credible point. They just force you to Telescam. It wouldn't surprise us if this was spun up by the Forever Financial #rugpull chaps. But it WOULD surprise us if this one was around by May.

It was brought to our attention - the only reason we're covering it now. It's what we called out when we covered #SAFUU initially where people didn't listen and instead just listened to the car salesman. Nothing CertiK said was wrong - Car Salesman himself admitted he was part of those #crypto projects and ultimately, had a part to play in their failure (aka #rugpull). Problem for him: he didn't understand what true KYC is - it's also background digging. And as we said, he has a history, a very bad history, which doesn't reflect on him positively for this project. So, he'll have to go it alone, without audits, because with his rep there's no credible audit firm that will support him. BTW - this is also why we don't rate RugDoc. Because they may have taken money to give him a pass OR they were incompetent in their digging. Regardless: CertiK is one of the best in the business, period. The only other one with credibility is Dessert Finance - so if Car Salesman thinks it's a hitjob, go for Dessert's KYC and audit and see what they come up with.

Our core definition: someone makes money available to do something, then takes the money to prevent you from doing that something. 1. Someone inside the project takes all of the liquidity because they still had access. 2. Someone inside the project colludes with someone outside the project, where the money is funneled to them secretly (a bunch of brand new wallets spun up and bulk tokens dropped to them without explanation or verification) (Collusion) 3.Phony transactions that are used to pay a buddy, i.e. if a friend of one of the devs is paid to do contract development (Embezzlement scheme) 4. Consistently failing marketing - devs purposefully giving your money to bad marketing strategies but don't readjust (Incompetence) 5. One or more of the people behind the new project has been historically involved with projects that have been a #rugpull, or where the money for the new project came from another project where the original investors were not compensated (Ponzi scheme) 6. Paid shillers where the shillers receive large bags (or even if they buy at the lowest price) and then immediately dump the project, draining almost all of the value and causing #FOMO sells off the red (Marketing fraud) There are plenty others. The first sentence is our core definition - and they're very hard to identify in advance. Scammers are getting more elaborate than they used to be.

At some point, when it's blatantly obvious that a project copies - and this is a LITERAL copy, not an inspired copy like some others - another project, and doesn't even bother to change the text to try and hide it... It's on you whether you invest.

We're still not at a point of being comfortable enough to cover it. Ultimately, this nonsense just tells us that we're on the right track with the way they're handling it. We don't think they're bad people in general - we think they're in over their heads, and the unreasonable level of hype that's happened has only made things worse.

(as requested by Moussa Hamka) We had no idea this #Kerincy #crypto was even a thing. It wasn't around long enough to know about it. It was a #rugpull, but not a traditional one. - BEFORE talking to anyone, they had given 350 billion to a bunch of spun up wallets - They reached out to influencers to get AMAs booked, and multiple influencers did the AMAs with the graph up - They spun up social media (Twitter, Instagram and Telescam) and immediately told people in Chinese to go buy it from Uniswap - After the token pumped from the AMA #FOMO people, there were some initial profit sells - The devs sold off the 350 billion wallet bags, and took the vast majority of the value (despite locked liquidity). This is the same as what happened with Forever Financial, BTW. And is a big reason why we don't support tokens that force Telescam.

Some didn't get the memo on how the show works. If you want to look at it, we give the address (MULTIPLE times) in the audio. Thus forcing you to actually listen to the audio. We're not concerned that this episode will trigger anyone, but you never know. Anyway... This one looks very impressive. Either they're really good scam artists or this could be something. Well worth taking a look at it. We had to give some background on "metaverse", because it's important to understand it before looking at this project and what it's trying to do. Feel free to fast forward if you don't think you need that.

The graph on this does not look good and it feels like the marketing is flawed. That's the main reason for this grade on the Score Report - a graph that looks like SAITAMA's graph, and of course #SAITAMA destroyed their own momentum. If they actually get back to us, we'd love to talk to them. We think this is otherwise solid looking #crypto. Definitely take a look at it to see if it makes sense for you...but know that the graph isn't going to impress you much (Shania Twain, 1998).

Because what Assent did is what he DIDN'T do - give people their money back instead of failing and running away with the money THREE times. Assent, by their Medium, is actually learning and adjusting from the failure - unlike the car salesman. Kudos to Assent for returning the money. We called that out as a risk - that the pre-sale was self-hosted. It sounds like they're now considering PinkSale, but this gesture shows they're at least honest. What's frustrating: their issues are very easy to fix. But they've refused to reach out to us to help them.

At one point we strongly recommended Gate.io for #crypto trading. But we haven't used them for months as we've had better success with LBank and Kucoin. If you were in Gate.io you should have gotten an email from them about this, if you didn't, they're ultimately shutting you out. This isn't new - Gate.io had a ban on US, Japan and China before 2019, then they opened it up...until now.

This is the first time we're doing this format like this. Depending on how it goes we may or may not do it again - this was a bit painful to create. There are a LOT of constant questions from people, because social media keeps showing the burn stats from ShibBurn.com. What some don't understand is that the #SHIB #Crypto supply is still too darn high to make a dent in the circulating supply. This video is designed to provide our potential solution. Which we know won't ever happen.

Although this token was envisioned about a month ago, many of the things implemented are variations on the way Libero is designed. Here, we talk about the Libero/xLibero structure, and how it compares to the Assent Protocol token which is due to be released this week. They will have their own stablecoin to control value. This is similar to the way Magic Internet Money works. However, the tokens in the ecosystem will have minting enabled, so that it can behave similar to the US Treasury. We're fairly sure it will follow a similar pattern as SAFUU and MIM. The biggest issue we see: a whitelist presale which means a LOT of dumping initially. There doesn't appear to be any anti-whale to stop it, and if minting is enabled, it means it isn't deflationary. EXTREMELY high risk investment.

(This is the FREE version of the Smoke Report. The Detailed Smoke Report is planned for future updates. YOU NEED TO LISTEN TO THE FULL AUDIO IN CONJUNCTION WITH THE SCORE TO UNDERSTAND THE REVIEW, then do your own research and make up your own mind.) Scheduled to go live tomorrow, it's an ambitious attempt to compete with Twitch using blockchain technology. We're frankly skeptical that it's able to pull it off given a garbage pixel game was able to bring Polygon to its knees a few weeks ago. However, as we debut the Smoke Report, we can't give it a grade any higher than a C, mostly because despite being a very ambitious project that appears to be well thought-out, their social media team is the polar opposite: unprofessional, sketchy, non-specific kids that don't engender trust in the project. Gamblers may be able to make something of the project, assuming it doesn't give up the ghost before launch. As of the date of this video, people are not able to claim their tokens from Pinksale, which is the same issue that happened to Forever Financial Freedom, and was a large factor in why we scored this lower than we really wanted to. Allegedly, they will be able to when it launches, but none of the people in Telescam provided a definitive answer, which is shady in our opinion. We plan to share this to one of the lead folks on LinkedIn, to hopefully appeal to them to clean out their admins and get some true professionals.

"Children" for the purposes of this coverage is defined by the way they act, NOT their age. We're seeing a troubling increase in the number of brats that are running Telescam groups - and unfortunately, #crypto projects always go there. A recent token that we covered (for which the coverage will be uploaded after this) was one of the worst offenders of this phenomenon. It therefore inspired us to create "The Smoke Report", a new way for us to explain our coverage methodology and how we weigh certain things about projects. The Summary version is always free, and will be provided with every project we cover going forward. We may even go back to older projects to revisit and do a report on them. In a future state, the Detailed report will be available to supporters (not yet a thing). Ultimately, projects might be perfectly fine but have a Telescam group that comes across as a scammer. That will harm the project - and anyone who takes the gamble might be in for a loss especially if some of the Telescam admins have the rights to #rugpull these projects.