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What is Coin4Trade (C4T)?

Cryptocurrency is full of a lot of different projects. Most of the major projects center around some sort of technological improvement (ie. Bitcoin and Ethereum). However, some projects have a focus on making money for their holders. A project that falls into the latter camp is called Coin4Trade. This article will go into detail about everything you need to know about Coin4Trade.

What is Coin4Trade?

First of all, there is not much information available about Coin4Trade. The website for the projects give this as the description:

“C4T is a cryptocurrency created exceptionally for trading and passive earnings.”

There’s no whitepaper about the project that tells us what the project actually does nor is there a roadmap. The project also does not have any social media other than Discord. The website is basically a login page for a web wallet.

Now, there is some information available in the Discord server. It appears that the project is attempting to build some sort of proof of stake cryptocurrency. It requires 1,000,000 C4T tokens to start a masternode and the ROI for running a node is 210%. 

There is also a staking feature with Coin4Trade as well. It appears that the funds allegedly come from the founder of the token trading funds that users stake on the blockchain. Again, it’s difficult to understand what exactly is going on with this project because there is no whitepaper or roadmap for the project. 

Is Coin4Trade a Scam?

We do not like to say whether or not a project is a scam without definitive proof. However, there’s a 99% chance that this project is some sort of scam. For one, there’s absolutely zero information about what this project actually does available on its website. 

That’s weird and something we have not ever seen from a legitimate project. Could you imagine if Bitcoin had no information about it when it launched? And Satoshi simply asked for money while promising a 210% ROI. 

It would be very strange and most people would assume it’s a scam.

This brings us to the second point – the ROI on Coin4Trade is extremely high at 210%. That’s a sure sign of a project that cannot sustain itself. Putting that many tokens into the ecosystem will cause rapid hyperinflation, which will destroy the value of the token. 

That’s if the project isn’t just a scam. Typically projects that offer such a high ROI are just scams. They use the high ROI as a way to entice investors. 

To summarize, the project may or may not be a scam (it probably is), but it certainly has a lot of problems with it. The founder has stated in the Discord that the profit earned from staking is a result of his successful trading method. His trading activities will fund the entire project. 

It’s essentially a hedgefund disguised as a cryptocurrency project. But it has none of the regulations of a hedgefund (ie. you can sue the owner if he steals money). 

Is Coin4Trade a Good Investment?

No, Coin4Trade is not a good investment. It’s actually a horrible investment seeing as how the project has nothing really going for it. You generally want to see the following when you invest in a cryptocurrency project:

  • Doxxed founder 
    • Ideally a founder that has experience in the technology industry.
  • A whitepaper
  • A roadmap
  • Founders that are open about the project

Coin4Trade has none of these going for it. The website has the most vague description about the project and that’s about it. The founder is relatively open about not having a whitepaper or roadmap, but he still needs to have one. 

Basically, no serious investor would invest in Coin4Trade. 

Are There Legitimate Projects Like Coin4Trade?

Yes, there are plenty of legitimate projects out there that make similar promises as Coin4Trade. Avalanche is the first one that comes to mind. The founder of Avalanche, Emin Gun Sirer, is a former professor at Cornell University and the project has a whitepaper and roadmap. Sirer is also extremely open about the project on his Twitter account – he has over 30,000 tweets. 

Other projects include Ethereum, Polygon, Tron, Cardano, and Polkadot. Most of the cryptocurrencies in the top 100 cryptocurrencies are legitimate projects. 

Final Words

To wrap things up, Coin4Trade is a horrible project and not worthy of an investment. The project does not have a whitepaper nor does it have a roadmap, which says a lot about the viability of it as investment. 

You can find much better investments in cryptocurrency than this project. 

What is Coin4Trade (C4T)?