With the introduction of The Metaverse into our everyday lives, there has been an influx of new crypto gaming and NFT projects being released almost every single day. Whilst the majority of these new cryptocurrencies are the reward of a lot of hard work by developers, there are some that simply come in and take people's money before quickly leaving. Automish Token promises to become a community project and eventually a decentralised autonomous organisation (DAO) but is it a safe investment? Let's take a look.
Automish Token is an up and coming play-to-earn crypto gaming ecosystem that makes use of the ever-increasing popularity of NFTs. Traditional video gaming is fun for the consumer and a huge moneymaker for the developer. GameFi or crypto gaming is changing this dynamic by allowing gamers to truly own their in-game assets or possessions in the form of NFTs.
Automish Token is set in a dystopian universe and requires players to compete against several different robotic opponents over many levels. Players may purchase NFTs from the ingame NFT marketplace to assist them on their journey. For every level completed, you will be rewarded with $ATA.
Alongside this, the website states that users will be rewarded in $ATA for simply holding the token long term. Members of the DAO (decentralised autonomous organisation) will be able to decide where the money generated from the transactions made on the network will go. i.e buyback & burn or reflection to holders as $ATA
It can be difficult to figure out of a cryptocurrency is legitimate or not. Certik, a leading blockchain security firm, is performing an independent audit of Automish Token to make sure everything about the project is safe. Certik's key objectives are to certify and secure new cryptocurrencies. Certik's website enables you to monitor the Automish Token audit's progress by searching for their name.
While we can address the majority of queries concerning Automish Token there are a few for which we have been unable to ascertain where the creators are based or in fact who they are.
We've reviewed the whitepaper and are unable to find solutions to these problems; nonetheless, it's worth mentioning that several viable cryptocurrencies, like Bitcoin (BTC), are created and maintained by anonymous individuals and teams.
Automish Token also states that it will be a decentralised autonomous organisation (DAO) meaning that developments and improvements of the ecosystem will be voted for and ultimately decided by the holders of the token.
It's impossible to be 100% sure of the legitimacy of any new cryptocurrency but after deep research, we would conclude that Automish Token is not a scam or rug pull. As a decentralised autonomous organisation (DAO), the project is in the hands of its investors. Once the audit from Certik has been completed, we would expect Automish Token to be regarded as a safe cryptocurrency to invest in. Of course, with any cryptocurrency investment, it is important to do as much research as you can before investing your money.
Website: https://automish.io/
Twitter: https://twitter.com/Automish_Token
Telegram: https://t.me/AUTOMISHTOKENOFFICIAL
Buy the Presale: http://presale.automish.io/
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.