What is MiniTesla (MINITESLA)?
Blockchain gaming has quickly become one of the most popular cryptocurrency projects to launch in 2021 and 2022. A lot of blockchain game projects have emerged in this time period on all blockchains. One of them is a game called MiniTesla.
This article will cover everything you need to know about MiniTesla including a brief overview of the project and the investment viability of it.
What is MiniTesla?
MiniTesla is a cryptocurrency project launched on the Binance Smart Chain at the end of the first quarter of 2021 by an anonymous founder. The project’s whitepaper and all information on the website is written in English, but it appears that they used Google Translate, so it’s difficult to actually understand much about the project.
From our understanding, MiniTesla is a token on the Binance Smart Chain. The project planned on launching a blockchain mobile racing game in Q1 2022 that allows users to earn MiniTesla ($MINITESLA) tokens by playing it.
This game does not appear to have been launched. If it has launched, then the developers have not updated the website.
Now, the project has bigger plans than simply launching a game and getting 2 million downloads by the end of Q3 2022. MiniTesla also has plans to launch its own blockchain by the end of 2022.
What problem will MiniTesla’s blockchain plan on solving?
It appears they do not even know. In fact, they make almost no mention of their intended blockchain outside of stating that a goal is to launch it by the end of 2022.
The Problems With MiniTesla
MiniTesla has a lot of problems with it. This section will outline all the problems we see with MiniTesla in no particular order.
First, this project has an anonymous founder. Seasoned cryptocurrency investors have a tendency to avoid projects that have anonymous founders because it greatly increases the chances of the project being a scam. It’s just so easy for an anonymous founder to disappear with everyone’s money.
Next, MiniTesla does an absolutely terrible job explaining what their project actually does. We have read the whitepaper multiple times and still have a difficult time understanding it. It really does appear that it was simply translated from another language with Google Translate.
We understand that not everyone speaks English as a native language. However, that’s no excuse for having so many grammatical errors that no one can understand your message. Editors are not particularly expensive and any serious project would spend the couple hundred dollars to hire an editor from Upwork to clean up the translation.
Another issue we have is that the project website is a template design. Again, there’s nothing inherently wrong with using a template since plenty of legitimate projects use a template design. The problem with MiniTesla’s website is that they did not do the most basic fixes before uploading the website. For instance, the company name in the footer is listed as “UPLOADNAME” and the Twitter, Instagram, and YouTube buttons do not point anywhere.
Mistakes like that are very sloppy and indicate that the founders rushed the website. It’s not a good look when a blockchain project founder rushes something as simple as the website. Do you want a person overlooking that in a smart contract where a mistake could make the funds in the smart contract inaccessible?
Finally, we really dislike that this project sets outrageous goals. That in itself isn’t a problem, though. The bigger problem is the project has these outrageous goals with absolutely no roadmap on how to achieve these goals.
One of the goals is to have over 2 million downloads by the end of 2022 and 27 million downloads by the end of 2024.
That’s a lot of downloads and warrants some explanation on how they plan on reaching those numbers. Unfortunately, no explanation on how the project will achieve any of the stated goals is offered.
Is MiniTesla a Scam?
We tend to avoid saying whether a project is a scam or not. However, there is literally nothing about this project that gives us any indication that it’s legitimate.
It has an extremely rushed website, a terrible whitepaper, no plans for achieving any of the outrageous goals, and a barely readable whitepaper.
Also, the price chart for MiniTesla is one of the weirdest that we have ever seen in cryptocurrency:
Price increases and decreases like that are not natural. Especially when they occur on such a consistent basis. It generally indicates that the project pumps the price to appear as a trending token on CoinMarketCap and then sells tokens to new investors.
That would actually explain the rushed website and lack of effort put into all aspects of the project. The project just needs a website for people to see and give some appearance of legitimacy.
Basically, MiniTesla is a project that we would avoid. There are far better investments out there in the cryptocurrency space.
To summarize, MiniTesla looks like some sort of scam project. If it’s not a scam, then it’s certainly not a project that any investor should touch. Projects like this are why we always recommend doing some amount of research into a project. Specifically, you should read the website, whitepaper, and attempt to find information about the founder if possible.