Somax profile
Somax Profile (SMX)
Rating: F | Weak
Speculative Nano Cap
Project Safety Score

Tue, Jan 25, 2022 7:30 PM

F
Rating Weak
Market Cap $0
24hr Volume $134.20459128
Price $2.9648365562472E-10
Review

Somax

token

Binance Smart Chain

Somax Token is a DeFi cryptocurrency, Two main functions happen during a trade, RFI static rewards distributed to holders and LP acquisition.

Read more in the whitepaper:
https://somax.finance/pdf/whitepaper.pdf

Somax Smart contracts and audits.

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

BNB: 0x586330013C8f2352AB5f57215F9E56747eE8837E

Somax 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

Somax Safety Report

Somax has a safety score of 0.38

Somax is a nano cap token.

Somax is suited to a speculative investment style.


Somax Profile

This profile is missing some data needed to perform a thorough analysis. Depending on what data is missing then this could have a negative impact on the overall rating.

Missing Data:
  • project website
  • project team
  • github
  • bitcointalk thread
  • tradingview profile
  • exchanges

Somax Red Flags

Red flags are listed below. Checkout the red flag tab for a more in-depth analysis.


Somax Development Score

The link to the projects repository has not been submitted yet.


Somax 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
  • Extremely low number articles to calculate the sentiment

Somax 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 Somax?

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 Somax 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:
  • no reddit articles
  • very low hashtag tweets
  • no gitHub account watchers

Somax Awareness Score

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

Overall Somax 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 Somax
  • no number of headlines about Somax
  • very poor number of Somax YouTube videos

Somax 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:
  • Early project age (released Oct 24, 2021)

Somax 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.

Somax Red flags
  • Website SSL errors
    Problem with the project website ssl cert (https://somax.finance/)

    severity: critical
Somax Exchanges
Somax Explorers
SMX
Member Ratings (SMX)

--/5

0 reviews
Ratings and reviews left by our members do not impact the profile score.
No reviews
Be the first to leave a review

No one is talking about Somax, be the first to start the conversation.

Do you think Somax is a scam project which will disappear in a rug pull in the next few months or do you think Somax is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

65%

Profile Status

How complete is this profile:

Lots of missing data points

This profile is still waiting for the following data points

  • project website
  • project team
  • github
  • bitcointalk thread
  • tradingview profile
  • exchanges

Member Signals

--/5

(no reviews)
Member Ratings
Market Cap Rank:
7672
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.

Somax Reddit

Somax News

  • Louisville company bests out-of-state competitors in bourbon-related pitch contest - Louisville Business First

    Tue, Oct 26, 2021 4:27 PM

    What if drinking bourbon helped make a key ingredient needed to manufacture electric car batteries...

    read more...