DeChart $DCH project Review-Presale (ILO) at Unicrypt

Teamstokenomics and technical reviews about the DeChart $DCH project ILO/IDO are in this article.

They describe themselves:

Track multiple charts for any asset on your favorite DEXs and beyond. Instant data analysis for your strategy, connect your wallet to monitor your portfolio.

Contract address: 0x14ACe3d3429408bFA8562099A253172913AD71bd

Launchpad AMM: PancakeswapV2


Disclaimer

Please DYOR (do your own research)


tokenomics
Liquidity Lock 40% BNB raised liquidity lock
Lock duration: 11 months
ParticipationOpen to anyone
Softcap3.500 BNB
Hardcap5.000 BNB
Max Spend per Account10 BNB
Presale Price11.250 DCH / per BNB
Listing Price10.125 DCH / per BNB
Auditby CERTIK
KYC Team has KYC by “Pass or Fail Me”
StartApprox: Sun 9 May 21:48
EndApprox: Wed 12 May 07:47

Total supply: 125.000.000 DCH

it is good

  • 11 months liquidity lock time
  • Listing price is slightly higher than presale price
  • KYC(Team has KYC by Pass or Fail Me check )
  • Audit (by CERTIK):
    • Reported findings are only of the informational nature.
    • No critical vulnerabilities have been found

it is not good

  • %40 BNB raised liquidity lock
  • Big dev. wallet

About the team

  • Anonymous

From White Paper

According to Litepaper on their Medium account:

The DeChart mission is to build products and services that make all the world’s data freely available to everyone with security, privacy and portability.

DCH tokens can be staked in the sDCH pool to earn rewards and exercise voting rights. It is important to note that in order for users to participate in staking, they will need to stake DCH BNB CAKE LP Tokens to receive rewards. 

Community treasury: 11% of total supply(13.750.000). The treasury includes all DCH bought back from the open market using DeChart revenues from the self-serve promotional platform and other DAO revenue streams. Community Treasury tokens emissions will begin in Q1 2022 at a rate of 4.16% per month or 572,000 per month for 24 months.

Referral pool: Each month for 18 months 5.5% of the Community Rewards tokens will be unlocked and available to be earned by users on referral.dechart.io. The top 15 users who share latest updates and promote DeChart each month will be rewarded based on performance that month.

Strategic Advantages: DeChart has a proprietary tech stack and will ultimately source data directly from blockchain protocols, not from third party APIs. 

Dev Wallet Distrubition (%38,3 of total supply)

% of t.s.Tokens
Community Treasurey%11,0013.750.000
Liquidity Reserve%3,003.750.000
Initial Stakers Pool%2,002.500.000
Syrup Pool%2,002.500.000
Referral Pool%0,28350.000
Founders Pool/Team tokens%20,0025.000.000

I think the DeChart team was indecisive or unlucky about presale planning. It has been canceled two presales that they had previously planned at Dxsale(dxsale website had technical problems) and Unicrypt Network.

%40 BNB raised liquidity is very little. If you are preparing such an ambitious project, you should also consider Investors. Team token is already 20% of the total supply. Also, getting 60% of the liquidity to be collected is too much.

Team tokens: %20 is very high. They say “it will be locked up for 12 months and be distributed per block via smart contract.”. When I write this review, I don’t see any link about team tokens lock (if team does, ı will update).

Referral pool: referral.dechart.io link doesn’t work.

All of dev wallet(%38 of total supply) is completely under control by team. no locked, etc. This is risky.

The most important and striking aspect of the DeChart project is that it has a working product.

You can access the DeChart App on their website. It supports coins traded on Pancakeswap and Uniswap.

You can track multiple coins traded on these DEXs at the same time in a single interface. They state that DeChart will support more DEXs in the future and add features such as price alerts.

Of course, the application is open to development in its current form. Is the technical background of the team sufficient to develop this project? We don’t know this yet.

Good idea, potentially good app, bad presale planning, big team wallet…

This can be a great opportunity if you believe the team can improve the application.

Your decide…

Presale ended

1.883 BNB collected. softcap was 3.500 BNB. failed.

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