MyBit profile
MyBit Profile (MYB)
Score: 3.58 | Poor
Balanced Nano Cap
Project Safety Score

Fri, Dec 3, 2021 3:48 PM

Score 3.58
Rating Poor
Market Cap $112076.34119515
24hr Volume $560.08116812
Price $0.00071301266549401
Review

MyBit

token

Ethereum

MyBit (MYB) is a token operating on the Ethereum platform. This project was released in mid 2017.

Read more in the whitepaper:
https://developer.mybit.io/portal

MyBit Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

ETH: 0x5d60d8d7ef6d37e16ebabc324de3be57f135e0bc

MyBit 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.

Full Report

MyBit Safety Report

MyBit has a safety score of 3.58

MyBit is a nano cap token.

MyBit is suited to a balanced investment style.


MyBit Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • coingecko profile
  • tradingview profile
  • exchanges

MyBit Red Flags

There are currently no MyBit red flags.


MyBit Development Score

The MyBit project has 52 active source code repositories.

The most recent commit was Sat, Oct 10, 2020 1:46 PM

  • 229 Watchers
  • 114 Stars
  • 244 Mentionable Users
  • 0 Vulnerabilities
  • No commits in the last 28 days
Highlights:
  • daily repo updates
  • poor stars
  • very low watchers
  • very low mentionable users
  • no repo stars

MyBit 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.

Highlights:
  • The overall sentiment is very positive
  • Low number articles to calculate the sentiment

MyBit 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 MyBit?

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 MyBit 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.

Highlights:
  • extremely high gitHub account watchers
  • no reddit articles
  • no hashtag tweets

MyBit Awareness Score

The awareness score indicates how well MyBit 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 MyBit is but a good measure of longevity is how well the project is known by the general public.

Overall MyBit 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.

Highlights:
  • very poor search result total
  • no number of news articles mentioning MyBit
  • no number of headlines about MyBit
  • very poor number of MyBit YouTube videos

MyBit 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?

Highlights:
  • Mature project age (released Aug 19, 2017)

MyBit 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

Highlights:
  • no 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.

MyBit 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.

MyBit Exchanges
MyBit Explorers
MYB
Member Ratings (MYB)

2.36/5

14 reviews
Ratings and reviews left by our members do not impact the profile score.
Bitboy
Sun, Feb 21, 2021 6:06 PM
The only thing that is a disgrace is Ian Worrall, a lot of people got burnt by this scammer and not just with MyBit but previous scam projects. He's a well known scammer in the industry, his current 'new' scam projects are tokenweb.io, destake.io and fraktal.network. You have been warned.
1 0
Ian Michael
Tue, Dec 22, 2020 1:29 AM
MyBit was migrated to be governed by the community (decentralised governance) via an Aragon based DAO in september 2019, which was the clear plan since project inception. This is how dapps must function, if they rely on a centralised team/individuals/company it defeats the point of decentralisation. Additionally, the foundation ran into continuous issues banking in switzerland (as was the case with nearly all smaller ico companies - the large ones got to do whatever they wanted with $100s of millions while smaller company accounts were frozen, seized, or if lucky just closed down). Therefore all the funding was held in ETH even though salaries and liabilities were denominated in fiat. When the market crashed over 80% of our seed funding disappeared. The Series A was also planned well in advance for this period and then when the crash happened we were unable to close the round successfully. Was the project a success, sadly no. However, calling the project a scam is a disgrace to the countless people, employees, and community members who actively put in effort every day.
0 3
FiengoldJeff
Tue, Dec 1, 2020 9:39 AM
Latest scams from Ian worrall - altminer247 and tokenweb BEWARE he's still scamming people,
2 0
MJona
Thu, Jun 11, 2020 8:02 AM
Ian Worrall is trying to bring this project back to life because he owns 90% of the token supply, be careful he's not to be trusted in the blockchain space after multiple scam projects in his name.
4 0
demon_dark
Mon, Sep 2, 2019 10:17 AM
Massive scam.
6 0
Octopus
Tue, Aug 27, 2019 9:50 AM
Definitely a scam. CEO Ian Worrall and CTO Jose Aguinaga have abandoned this project taking everything but $8k left in a 'DAO'. They even tried to destroy the community so they could quietly exit. If there was any intention to make it work as they would’ve never left at this stage. Only a community manager remains.
11 0
Jacqui Gill
Mon, Jun 24, 2019 5:37 PM
After investing in the project at ICO this review is 2 years later and mybit has still not launched the IoT investment platform it raised 3m+ to build. Ian Worrall left the project which is good news overall but without a live product it's hard to see a future ROI on this project.
16 1
Strong_Hands
Mon, Jun 24, 2019 6:38 AM
Not a scam! Dedicated team, emerging technologies, and a strong core group of followers. These bad reviews are from people who are upset that the market hasn't recognized Mybit's achievements. While I can't say it is a guarantee everything will work out. It's definitely the investment/gamble of a lifetime.
2 13
Brain_fairy
Sun, Jun 23, 2019 9:39 PM
MyBit has a lot of good products developed, the team has been working very hard for the past 2 years- comments saying MyBit is a scam is simply not true. DYOR
0 14
zdoge
Sun, Jun 23, 2019 1:30 PM
Ian is gone, the dao(peoples vote) will replace him! The project is still alive with awesome developments, price is very low at this stage but this doesnt matter at this stage.. Myb survived, and everyone who knows the vision of myb knows that this project will go off! Withouth Mr. Scam Worral
10 1


81.25%

Complete
Profile Status

How complete is this profile:

Some missing data points

This profile is still waiting for the following data points

  • coingecko profile
  • tradingview profile
  • exchanges
Member Signals

2.36/5

(14 reviews)
Member Ratings
Market Cap Rank:
2431
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
MyBit Reddit
MyBit Github
MyBit News
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