Hello good people,
today an altcoin analysis from me. I often look into new coins and if they are a potential investment. Especially I look into altcoins that are new and have a high risky/high reward.
Today I analyse the ATC COIN.
Idea
The idea is simple and not new. They offer an Android wallet and the currency for such a wallet. How do they want to earn money? I have no idea. There is no real benefit from that coin other than the android wallet.
Website and Team
The website is ok and at first it looks nice. But the website also looks like each and every website from wix.com or the other suppliers. There is no real team behind that coin. I wasn#t able to find any info.
Code
That is a disaster. The positive thing is that the code is online on Github. The bad thing is that the code is not complete. You can not compile it. So it is sure that there is noone in this team that has any clue what they are doing from an IT perspective. The commits are (beside the initial) only dummy commits to give u an impression of progress.
Other things
The links on the website to the linkedIn, g+, facebook and so on ...are all FAKE. There is nooe behind this coin. This coin is traded for 0.12 cent. With an unknown supply.
So with this altcoin the conclusion is easy. Avoid it. This a Scam.
