Solana VM

[irishbeast]

What are peoples thoughts on this. Looks fairly promising and a decent whitepaper

https://icodrops.com/solana-vm/

Not had a decent ICO return since Brickken. Glad I cashed out when I got a 5x as it dumped quickly after!

[MrSpasybo]

What are peoples thoughts on this. Looks fairly promising and a decent whitepaper

https://icodrops.com/solana-vm/

Not had a decent ICO return since Brickken. Glad I cashed out when I got a 5x as it dumped quickly after!

I rarely review new projects, but I might share some of my thoughts on SolanaVM.

1. I couldn't find any information about the project #DevelopmentTeam , which makes me question the project's credibility.

2. I couldn't find any information about any investment funds that are supporting or have invested in the SVM token.

3. Solana VM is an environment that allows #DevelopmentTeam s from Ethereum to easily deploy solutions on Solana with high speed and low cost. As far as I know, Solana already had Neon EVM but it was not really successful because creating Dapps is no longer too difficult and users are also willing to experience Solana directly instead of through an EVM smart contract.

I have no reason to invest in Solana VM, even though it could be profitable in the future. I'd rather buy SOL and PYTH to get guaranteed returns in the bullrun.

[Crwth]

Looks really suspicious as MrSpasybo said. It's really questionable on the credibility. It's important to know that quick dumps would mean that it's just a rug pull and they have no intention of really providing clear intentions with what they are going to do and the developers are the ones probably selling as well.

It's nice that you managed to get out with that.

[irishbeast]

Thanks both for the replies. I think I need to take a closer look

They can be unpredictable as I have saw some which technically look crap and they absolutely explode upon becoming available on exchanges but drop sharply soon after.

[salad daging]

They can be unpredictable as I have saw some which technically look crap and they absolutely explode upon becoming available on exchanges but drop sharply soon after.

You don't believe after listing this token will explode I'm not sure there will be much fomo going on but with this ICO sale looking suspicious I don't even trust this kind of ICO anymore.
So far they have only raised 24 SOL and 34K USDC in funding which is quite big but I am not so sure about this project.

[MrSpasybo]

You don't believe after listing this token will explode I'm not sure there will be much fomo going on but with this ICO sale looking suspicious I don't even trust this kind of ICO anymore.
So far they have only raised 24 SOL and 34K USDC in funding which is quite big but I am not so sure about this project.

Everything is possible and Solana VM could be an extremely successful project by connecting Solana to Ethereum. The project has also raised $1.79M, which I think is a good thing and I hope there is no fraud in this data. The only problem is the concern and doubt about this project reliability. I don't want to worry too much myself, there are many other safer tokens on the market for me to choose from and invest in.

ICO could be a good option, the success of projects on Coinlist in the bullrun 2021 is a confirmation. However, we have experienced the period of honoring the anonymity of the dev-team in ICO 2017, today investors need transparency to trust and support new project.

[hugeblack]

Whatever AIRDROP is bad, the time is now perfect for it, or if every delay makes the chances of success of Solana VM less, especially since some momentum began to turn to ethereum again through ETF or by L2.

[joniboini]

They can be unpredictable as I have saw some which technically look crap and they absolutely explode upon becoming available on exchanges but drop sharply soon after.

That's really common, to be honest. Other than obvious scams, I don't think we can predict anything at all. Whales play around small market cap coins to get profit and then dump them after that. One project I followed managed to break the $10m market cap, but the dev went quiet after that, leaving most retail traders with useless tokens. It's impossible to judge when you should enter or exit a trade, especially when the details related to them are murky. Luck plays a huge part too IMO. I don't think this project you mentioned is any different. CMIIW.

[irishbeast]

I missed this one. Literally forgot.

Started well but is dumping sadly so missed a short term chance but there will be others

[salad daging]

You don't believe after listing this token will explode I'm not sure there will be much fomo going on but with this ICO sale looking suspicious I don't even trust this kind of ICO anymore.
So far they have only raised 24 SOL and 34K USDC in funding which is quite big but I am not so sure about this project.

Everything is possible and Solana VM could be an extremely successful project by connecting Solana to Ethereum. The project has also raised $1.79M, which I think is a good thing and I hope there is no fraud in this data. The only problem is the concern and doubt about this project reliability. I don't want to worry too much myself, there are many other safer tokens on the market for me to choose from and invest in.

ICO could be a good option, the success of projects on Coinlist in the bullrun 2021 is a confirmation. However, we have experienced the period of honoring the anonymity of the dev-team in ICO 2017, today investors need transparency to trust and support new project.

If this project gets substantial funding then that's better, it means that many investors believe in this project but I'm not sure how far this project has been successful and listed on the stock exchange?

Well that's better than a lot of doubts where you are worried about the new project then it's better to buy a coin that is already certain in the market then it's a good choice rather than choosing a new project with doubts.

By involving Coinlist then they hold the funding then it feels safe but what if the project itself does the funding like 2018 which is full of failures that is what is worried about.

[MrSpasybo]

If this project gets substantial funding then that's better, it means that many investors believe in this project but I'm not sure how far this project has been successful and listed on the stock exchange?

Well that's better than a lot of doubts where you are worried about the new project then it's better to buy a coin that is already certain in the market then it's a good choice rather than choosing a new project with doubts.

By involving Coinlist then they hold the funding then it feels safe but what if the project itself does the funding like 2018 which is full of failures that is what is worried about.

The success of the project in the fundraising process is just one sign that the project seems to have potential and receive investor attention, however, there is still a risk that the project is just a scam with baseless promises. If ICO has the participation of large investment funds, we can be assured because these investment funds have a team of professional fundamental analysts to make informed decisions.

ICOs have been developing for many years, disbursing capital according to the project's progress can protect investors money, and at the same time promote the development efforts of the project team. A failed project will not be able to receive funding for the next phase, investors may receive back a portion of their investment to seek other opportunities in this potential market.

[kevinvance]

Looks really suspicious

[bitterguy28]

I missed this one. Literally forgot.

Started well but is dumping sadly so missed a short term chance but there will be others

don’t be too disappointed it wasn’t that big of a project that it shook the entire crypto community even if it did give others a little bit of profit, it still didn’t stick so it is not that regrettable and besides there are probably like 100 projects being launched every day so you are right when you say that there will be others

you just have to find ones that have the most potential, grind the requirements and sell at a right time

[royalRitta]

I missed this one. Literally forgot.

Started well but is dumping sadly so missed a short term chance but there will be others

don’t be too disappointed it wasn’t that big of a project that it shook the entire crypto community even if it did give others a little bit of profit, it still didn’t stick so it is not that regrettable and besides there are probably like 100 projects being launched every day so you are right when you say that there will be others

you just have to find ones that have the most potential, grind the requirements and sell at a right time

Yeah, there will be a bigger fish to fry, regrets can be felt, but they shouldn't be put close for long.
Just learn from this project and your analysis on it, OP, nad move on.

[KryptoBull]

What are peoples thoughts on this. Looks fairly promising and a decent whitepaper

https://icodrops.com/solana-vm/

Not had a decent ICO return since Brickken. Glad I cashed out when I got a 5x as it dumped quickly after!

I haven't been excited about new projects in the market for a long time, especially when the teams and funding behind them are not transparent. The potential is high but the risk is too great for me. I'd rather buy BTC than gamble on something I can't control.

I just checked, and the Solana VM ICO is about to end and it seems like it's going to hit hardcap. I wish the project success. If it can actually survive in the market for a few more months, I might consider its token when I want to invest in the Solana ecosystem.