RareToken (ICO) – the Mother of all Shitcoins – Honest, Unpaid, Unbiased Review

s-h-d-p (33)in #cryptocurrency • 7 years ago (edited)

FOREWORD

This review of RareToken is completely impartial. I have not received any sponsorship in any form from publishing this article, neither from the people developing this project, neither from any other entity

All the facts presented in this review are either found in RareToken’s content posted online, either found in the Telegram group. External links and timestamps will be found throughout this article.

I will always fully disclose any ownership of a certain token / coin which benefitted from my review. In this case, NO-NO-NO

Concepts and Ideas – General Overview

„RareToken is a crypto currency token that is very rare in supply – just like gold is. Only 10,000 tokens will be distributed through an Initial Coin Offering (ICO), out of which 2,000 will be provided in the soft cap process and the rest 8,000 in the hard card. Additional coins may be distributed in the future through additional ICOs or through crypto coin exchanges.”

Guys this is the real shit. It’s fucking gold, almost quite literally! There will only be 20,000 coins issued, so this could easily be worth thousands, which means the ROI will be YUUUUGE.

It isn’t just a guaranteed high ROI investment, but „you could also simply hold RareToken as a rare colectible”. A rare colectible. Why have I not thought of that before? I will definitely add RareToken to my shitcoin collection next to Bitheum and NeckCoin!

Information about the people behind the project

The Company

This is a real deal and not some shady scam. And when I say a real deal, I mean a legit fucking registered company!!!1!11!!

As shown on the website’s footer, “RAREToken is an ERC20 crypto currency based on the Etherium blockchain, issued by Motion Ltd., Company registered number: 121475987. VAT ID: BG121475987.”

Guess what? I found the company! http://www.motion-accounting.com/payroll-services-contact.html I contacted them via an email to confirm their involvement in this project, but they have yet to answer (been like 2 weeks lol). But no problem, I BELIEVE in them saying the truth. They can’t be scamming us. NO-NO-NO

The Team

Nobody knows or gives a fuck about their team, it’s all about the yuge ROI. However, this is the picture of the main core dev that has been posted on the dev’s Myspace secret page: BOOM

Anyway, two big names in the cryptoworld have presented the RareToken in front of millions of people. We are talking about the big dawgs here, Vitalik Buterin and John McAfee.Vitalik personally donated 10,000 Ethers for the development of RareToken, as it can be seen according to Vitalik’s transaction history (actual address of Vitalik): https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b

The Token Sale

From the 20,000 issued tokens, 10,000 are available for purchase. The cheapest possible price right now is 0.3 ETH / RARE. Gotta buy fast, these shit sells like hot bread and their ICO ends in ALMOST 2 WEEKS OMG FOMO IN.

The Whitepaper – Getting into the details (what details lmao?)

The whole idea around this shitcoin is that a low supply will skyrocket its price to one of Jupiter’s moons! They compare the RareToken with an antique car: yes, the price of the antique car goes up due to, well, low supply of such cars and due to an existent demand for antique cars. This illustration perfectly applies in our case, because RareToken will…have a…demand…probably, hopefully??? Just buy now and we shall see later!

That’s it. Nothing else relevant in the Whitepaper besides a few graphs not even the dev understands. Pretty shitty Whitepaper, tbh, but the yuge ROI compensates wink wink.

What you might not fully comprehend is how good of a project this is. Casascius himself will create RARE Physical Coins – a preview. This is what the project is about! Having one of these babies and bragging to all your internet friends and fellow redditors about how wealthy you are and stuff. When you pull out the Rare Physical Coin, their jaws will drop harder than the current total marketcap (<$300B atm, ouch).

Marketing

RareToken’s amazing marketing campaign consists of a 40 views self-moderated ANN thread and a 2,600 likes Facebook page! Posts on their Facebook page don’t receive any likes or comments though, they should definitely tell their ~~bots~~ followers to drop a like or two.

The website is rock-solid. The legal terms page is quite comprehensive (probably copy-pasted but whatever) and the website’s colors are predominantly dark blue and white. Dark blue, according to my extensive knowledge in color psychology, represents wisdom, knowledge and integrity and white represents safety, purity and perfection. What else can I say more? BUY NAW!

FUN FACT: In all RareToken’s content posted online, they have never spelt “Ethereum” like this, but rather Etherium. The definition of innovation.

Closing words

What a beautiful journey so far. My eyes are watery knowing what the future awaits us all. The next ~~BitConnect~~ Bitcoin, the next prodigy that will completely reshape the world as we know it today. Words are not enough to express all my emotions, nor my fanboy-ism for RareToken. Invest and get rich, simple as that. No tricks, no surveys, no scams.

Greeting

Thank you for going through this review. I hope you enjoyed it and that you were entertained by it. I recommend checking out my other “reviews” too. Anyway, see you next time!