Today Ads.cash has launched their Live Full Beta trading platform. I have been following these guys for a while. Since I am in the advertising/marketing space it did spark my interest. I picked up some when it first came out a few months ago. They were doing a promotion at the time in which was 100 free coins just for signing up. Now I believe it is down to $10 in your wallet.
At this time they have over 400,000 people/ affiliates that have enrolled. Is this legit? Is this another one of those crypto ponzi schemes? Or could this make a run and actually be the preferred currency for the advertising and marketing world?
What is Ads.cash? From their own website:
AdsCash is the multi functional next generation cryptocurrency for the Adworld based on Ethereum blockchain using cutting edge smart contract feature.This currency will be used for Online Advertising transactions worldwide, replacing the traditional values.
AdsCash uses ethereum blockchain to enable people to trade and do business with trust in the trustless world with immutable transactions.
Trade and exchange Adscash in a transparent, conflict-free way, while avoiding the services of intermediaries in the advertising world.
Advertiser can buy AdsCash to pay advertisement fee to the publisher and publisher can sell Adscash gained as advertisement fee in exchange market. Secure and condition based transactions using smart contract feature of ethereum.
Adscash a new way to monetize online advertising world through simplified frictionless micro-payments.Advertisers can use AdsCash as an incentivised and token based money to make loyal online customers.
Secure
Using the power of a distributed peer-to-peer consensus network, every transaction is cryptographically secured.
Instant
Send money anywhere and it will arrive minutes later, as soon as it is processed by the network.Quick block execution time ensure unparalleled speed to conventional remittance and payment systems.
Decentralized
Issued without any central authority .We use decentralized blockchain transaction technology, Transactions are performed directly between the users.
Global Payments
No borders. No imposed limits. Adscash allows its users to be in full control of their money.
How Does It Work?
Now that is all fine and dandy. But let's hear another perspective from a "supposed" unbiased review site. I like to see both sides.
Here is a review of Ads.cash from: https://alpha-entrepreneur.com
Ads cash overview
Ads cash is an online digital marketing agency that provides a platform for advertisers, publishers, site owners and marketers to source for valuable advertisement currency for their sites and campaigns. The agency prides itself on being a next generation cryptocurrency platform where users can mine advertisement coins to help conduct their future ad campaigns. In its prediction, ads cash plans to be a worldwide used and accepted currency for use in online advertisement transactions and it is based on the biggest and most secure block chain platform, Etherium.The idea here is that advertisers and publishers can buy ads cash coins to pay their advertisement fees or sell these coins that have being earned in the exchange market.It aims to make the advertisement process and transaction easier through a faster and electronic platform with frictionless payment by the secure features of Ethereum. However, since this is a currency based organization, we must explore if it is an investment of the century or a setup that should be tagged an ads cash scam.
The good
1.) Ads cash is a form of digital currency, this implies that it has a good potential to grow bountifully in the next couple of years into a widely accepted means of exchange and transaction.2.) It explores a seemingly fresh category in the online world by providing a simple way to carry out exchanges and payment in advertisement through digital currency.3.) It offers a free sign up as at this moment where users are provided with 100 free coins which can be used in the exchange market.
The bad
1.) It requires the formation of networks and teams which add a touch of multilevel marketing to its mode of operation seeing as more profit is made when you bring more people to the network.2.) There is absolutely no guarantee that the ads cash coins will grow in tremendous values like its more popular counterpart which is universally accepted in all sectors as a valid means of exchange, the Bitcoin. This is particularly disturbing as it focuses only in the advertisement world and might not be accepted as the norm.3.) It functions with the same ethics of some other crypto-currencies that have performed poorly in the past and may die a natural death on its own. This implies that there is a small possibility that all coins bought or earned during this initial start-up phase may vanish with the wind if it crashes.4.) Aside from the ads cash coins itself, there is no real exchange of tangible and material products as users are expected to carry out mining and networking to make their gains.
Who is ads cash for?
Ads cash has some claims of becoming the currency for future advertisement. For that reason, the first set of audience it aims to target are advertisers or people who may be interested in making their product reach a wide audience, and publishers. Its referral system also makes it possible for anybody else with free time on their hands to join the system. However, being highly focused on the use of its own new crypto-currency, ads cash is suitable for people who seek to invest little and bid their time for a possible explosion in the future. Just as Bitcoin started with a value far lower than what it is today, ads cash proposes a wider acceptance and universal use in times to come.
Ads cash tools and training
There is a lot of video training and orientation made available for new members in their dashboard on the website upon registration in the system. However, there are no special kits provided as users are simply directed to sign up and proceed with referring new people, forming teams and mining their coins.
Ads cash support
The number one resource for members and interested participants who are willing to join the system is the company website at ads.cash. It provides all necessary information for members who are involved in the system and also answers questions that participants may have. All emails of inquiries and questions you might have are to be directed to info@ads.cash.
Ads cash price
Ads cash works on a very simple referral base process. It is currently running a free membership program where new members are presented with 100 free coins upon registration. However, users are required to have a minimum of 1 pack coin valued at 25 dollars in order to be able to make money on their downlines.All downlines and their countries of origin are depicted clearly on your dashboard and have access to your contact information. The system operates on a basis that gives you a commission of 10 dollars worth of Bitcoin for every 100 dollars purchased by a downline beneath you. This implies that the more your referrals are actively engaged, the more money you stand to make.The members of this platform can also carry out ads coin mining operations where they compete with each other and are rewarded for every successful block mined.
My final opinion of ads cash
While it seems to be a really innovative venture, there is an inherent issue of trust that must not be taken lightly. Several of such platforms have started out with great promise only to fall short along the way and encountered massive crashes. An example of this site is click intensity which is closely affiliated with ads cash and had undergone a meltdown that resulted in a lot of people losing their virtual investments.It is true that it offers great investment opportunities especially in the advertisement world but you have to be extremely cautious when entering such schemes. Another issue is the matter of acceptance. As at this moment, the ads cash coin is not accepted by the exchange market and thereby does not exist. Bitcoin is still the most used and generally accepted currency and any other form of digital currency trying to break into the scene must follow a similar pattern which brings up the issue of imitation. Therefore, if you are passionate about tremendously risky investments, you can start out small here to test the waters. But don’t expect life changing results.
Verdict: NOT LEGIT
There you have it? What do you think? Does it have potential? Is it worth the risk? Or does this have MLM/ponzi written all over it? What do you think?
If you want to learn more you can read about it here. I think they are give $10 in your wallet for new registrations.