Bytedex Profile (BEXT)
Project Safety Score
Tue, Jan 25, 2022 7:39 PM
ByteDex is an ecosytem including Byte Cryptocurrency wallet, Non-custodial Byte Exchange and Byte Swap platform for secure cryptocurrency trading, a blockchain solution to decentralize the Exchange activities named Byte Chain, BEXT token as an ecosystem utility token and ByteDex communities. BEXT Token is mainly used for; - To reward Exchange and ecosystem users - To circulate ecosystem tokenomics - To collect fees and payments from users - Participation of ByteDex community on ecosytem management Byte Exchange: Byte Exchange is designed as a non-custodial Exchange to secure cryptocurrency trading with rich features. Byte Wallet: Byte Wallet is a non-custodial cryptocurrency wallet that users can be able to connect Byte Exchange for trading BEXT Token: Bext token is the main unit of the ByteDex in TRC-20, ERC-20, BEP-20 format ByteChain: Proposed blockchain with a dual layer system to decentralize Exchange transactions and open lock of DeFi features on ByteDex Ecosystem ByteDex Communities: ByteDex is an community driven ecosystem aims to create ByteDex communities all around the globe. Community elections will be held according to minimum participant number in the countries.
Read more in the whitepaper:
Bytedex Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Bytedex Safety Report
Bytedex has a safety score of 2.29
Bytedex is a nano cap coin.
Bytedex is suited to a speculative investment style.
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- tradingview profile
Bytedex Red Flags
There are currently no Bytedex red flags.
Bytedex Development Score
The Bytedex project has 0 active source code repositories.
There have been no commit to any of this accounts repos
- 0 Watchers
- 0 Stars
- 0 Mentionable Users
- 0 Vulnerabilities
- No commits in the last 28 days
- daily repo updates
- no stars
- no watchers
- no mentionable users
- no repo stars
Bytedex Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.
- The overall sentiment is very positive
- Low number articles to calculate the sentiment
Bytedex Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Bytedex?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Bytedex has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.
- good hashtag tweets
- no reddit articles
- no gitHub account watchers
Bytedex Awareness Score
The awareness score indicates how well Bytedex is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Bytedex is but a good measure of longevity is how well the project is known by the general public.
Overall Bytedex this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- very poor search result total
- very poor number of news articles mentioning Bytedex
- very poor number of headlines about Bytedex
- very poor number of Bytedex YouTube videos
Bytedex Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Early project age (released Oct 22, 2021)
Bytedex Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- poor USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Bytedex Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
Some missing data points
This profile is still waiting for the following data points
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