Dash 2 Trade: Don't step on the rug

Photo - Dash 2 Trade: Don't step on the rug
Dash 2 Trade is positioned by the creators as the most advanced crypto signal and analytical panel designed by traders for traders.
Let's figure out whether the presentation is true.

The analysis of crypto services and platforms is similar to the analysis of cryptocurrencies. We evaluate:

● basic features and purpose of the project;
● road map;
● tokenomics;
● open data about the founders;
● partners and investors;
● user reviews.

After that, we make a decision: to trust or not the promises of the creators.

Functions and tasks of the Dash 2 Trade project

The Dash 2 Trade platform is based on the Ethereum blockchain and is designed to provide users with real-time analytics and trading advice from experienced market participants. Simply put, this is a platform for curated crypto signals and copy trading.

There are different ways to treat signal and mirror trading. Some consider it a scam, and some use it willingly and claim that this is a profitable strategy. The main thing is that there is a steady demand for these strategies. Therefore, it is logical that it was implemented on one platform.

The creators promise registered users access to social analytics and information to track trending coins, developer activity, and social sentiment.
In addition, you can use your own trading strategies on the platform through the platform's trading bots.
The developers have done everything to facilitate the trading experience for beginners. They even added the ICO and presale alert system.

But one detail got our attention: the platform offered new users to join the community of 70,000 traders right before the launch.
It is unclear where this statistics comes from. But we can't believe that so many users have registered on the platform even before its launch.
Source: dash2trade

Source: dash2trade

It is possible that content managers simply do not want to change the information on the website, and the founders are sure that this figure will be accurate. Let's pretend that we didn't notice the pebble in the shoe and move on.

Dash 2 Trade Roadmap

According to the project roadmap, the following tasks were completed in the fourth quarter of 2022:

  • established a team of founders and managers;
  • development completed;
  • a trading partnership was concluded (without specifying the partners);
  • a presale launch of the D2T token was held for the first investors;
  • a full security audit has been carried out.

These steps are marked as closed. It is also difficult for us to imagine that in 3 months it is possible to develop a full-fledged trading platform from scratch, conduct a full audit and find investors to launch the project. Are we really dealing with programming geniuses, and investors waiting for results with money at the ready? Do we believe in miracles?

The first quarter of 2023 will be dedicated to launching the project and setting up the dashboard (indicators, information about tokens, news feed). In addition, a mass listing on CEX and DEX exchanges is planned.

On January 11, the D2T token was listed on Gate.io and dropped by 30% in a few hours. It seems that users do not show much interest in it. This is similar to the massive sell-off of tokens that were received during a closed sale. By the way, they were sold for $0.05-0.0513 at that time.
Source: gate.io

Source: gate.io

The main thing is that the launch of the actual trading platform is scheduled for 2024. That is, we are now offered to buy tokens that do not have any practical meaning and are not supported by anything other than promises of future income. 

Tokenomics

D2T is designed to access the analytical and trading features of the platform. This is an ERC-20 format token. Its total supply is capped at 1 billion. 1.5% (15 million) is reserved for developers, 3.5% (35 million) was sold during the presale, and 66.5% is planned to be released to the public. The remaining tokens will be used for marketing purposes and to reward the best traders.

The distribution of tokens didn’t raise flags since this is the standard practice for many projects. The only weird thing was the preliminary calculation of the change in the price of the asset, which is offered by the founders of the project.
Source: gate.io

Source: gate.io

It seems that the first day of the sale on Gate.io messed up all the founders’ calculations.

Dash 2 Trade creators

There is no information about the project's founders on the official website. There are only photos of them. Some of them don't even have their last names.
Source: dash2trade

Source: dash2trade

But a photo search revealed that Joa is Joarley Moraes, a Python developer. Unfortunately, he does not indicate in any of his social profiles that he is somehow connected with Dash 2 Trade.

The Linkedin link for Emiliano F leads to a non-existent profile. Duco van Roosem's profile is empty, there is not even a profile picture.
The Dutchman Jarmo van de Seijp turned out to be a developer who previously worked for Finixio Ltd. The Finixio team is known for launching two scam projects Tamadoge (a TAMA meme token that went through the classic Pump&Dump scheme) and Lucky Block (crypto lottery). We found a lot of negative reviews on these projects on the web.

We won’t voice our conclusions. What if some of our readers believe in Santa Claus?