ANGEL DUST REVIEW

ANGEL DUST

This curious project seems to have caught the attention of everyone in TG BSC. With a subscription-based presale hard cap of 3K BNB, it has raised over 8K+ BNB.

What is Angel Dust?

As mentioned on their website “Angel Dust is a Marketplace that aims to change NFT culture and the way the NFT and Token communities currently see one another by effectively bringing both these communities together with a wide variety of token payment acceptances and a functioning token burn concept that any crypto token or NFT community can use and provide their holders with even more utility.”

And on Pinksale, the AD team promotes it as “THE #1 COMMUNITY FOCUSED NFT MARKETPLACE”. From these descriptions, we can conclude the main utility of this project is an NFT Marketplace.

Why Is It Unique?

No one knows, no one has seen the marketplace; no beta or demo has been seen by the public.

What Is the Hype Then?

The hype is thanks to the typical Telegram and degen space herd marketing. A bunch of call channel owners supporting as advisors and announcing the partnership by changing profile pics. That was all $AD needed to get the degen lovers to be blinded.

Who Is on the Team?

Let’s talk about the core team.

Omar – Owner of call channel group called the Solitaire Group and a couple of already dead projects (FLOKINOMICS, BLEUFI).

Devan – Co-owner of previous projects of Omar and self -proclaimed twitter NFT influencer, with some failed projects such as Rappears

Mosen – Co-owner of previous projects with Omar and hype man. You will know, what I am talking about if you listen to his VC. He is a shepherd for this BSC herd

Monkey Shanti – Developer for most of the projects of Omar, Bossy, Chino, and a few others. He is also one of Pinksale’s recommended developers. Renowned for farming beans during launch by intentionally enabling trade and not posting the CA in the group. And at times, deployed multiple fake contracts to farm more Beans. If you don’t know much, a few of his old projects were – BabyCake, Flokinomics, Bleufi, ChinuCoin, Flokimon, Force of Nature. The most recent larp of his was in connection with Super Connector where they deceived investors Vitalik was behind a token; @ioeth

Why So Much Negativity?

This is not targeted; the truth is just bitter when you’re at the receiving end. To understand this, you need to know an important history.

• Is this a new launch? No, it is not. This is the second relaunch of the project. First was Flokinomics, relaunched as Bleufi and now Bleufi is relaunched as Angel Dust.

• The team is maintaining total silence in all its promotion about the airdrop for the previous holders of Bleufi. Also, there is no mention of the previous LP from Bleufi being added to AngelDust. (This article is old and I have not clarified if this info still holds true)

• With the presale of 3K BNB and the % of presale to LP being only 51%, the decision seems questionable, especially with the airdrop being done to previous holders.

• What were the utilities of the previous projects? Take a guess. It was the same marketplace, which has been rebranded each time. The last one was branded as “The Opensea of BSC”.

• When was the original marketplace meant to be launched? Nov 2021, the marketplace was supposed to be launched as the utility of FLOKINOMICS

• What was done differently? Nothing. Just new promises and dreams every time with the new launches.

Final Thoughts

An NFT marketplace is not a new concept to BSC. There are already a few successful nft marketplace such as NFTrade, Lootex, Rarible, Refinable, Tofu, etc. A new NFT marketplace with the same features and failing multiple betas, is this something that was needed for the BSC space? Or is this just the team milking the same promised utility again and again with a new name and rebranding?

Also, take into account that with a subscription model, whales buy the entire floor with big purchases and small investors are left being the exit liquidity.

With all the information above, the presale will still be successful, initial investors will make some profit. The reason is the herd mentality of this space and the team, and the advisors will want something to boast about. However, in the longer run, a few months from now, it will not be surprising if the project dies or there will be one more relaunch.

I guess time will tell. The only intention of this post was to spread awareness among people and to be informed on the backstory, so everyone can do their research.