As the first month nears its end, The Bear Token is making its first investment into the market. The community was surveyed and the top results were compiled. The following tokens will be added to the Bear Cave Treasury:

Avalanche
Polygon
Fantom
Cosmos
Solana
Cardano

Each month, a new vote will be held. Come join the bear family, and make investments now while the market is still at rock bottom.

Come join the bear family on Telegram @thebeartoken

Some of the most profitable crypto endeavors are multi-faceted exchanges. Exchanges provide a backbone for crypto–without transferability, a currency is nothing. Currently, crypto is a niche market, slowly gaining traction. There is a new exchange forming, whose vision is to simplify crypto transactions and make decentralized finance available to all. Let me tell you a bit about it…

PapaVerse is an ambitious project, and is already delivering. The products already live on the site include the DEX aggregator, PapaExchanger, FiatGateway aggregator, and even an NFT Marketplace. The ecosystem is powered by its native token, the Papa Token, which can be staked for rewards.

The DEX aggregator finds the best deals across exchanges that operate on the EVM. This includes Ethereum, BSC, Fantom, Avalanche, and Polygon. Instead of visiting different exchanges, you can trust the DEX aggregator to check the rates for you and give you the best rate available for your exchange.

The PapaExchanger is a cross-chain exchanger. It’s quite straightforward and gives you access to swap your tokens between nearly every blockchain out there.

The FiatGateway aggregator allows you to transfer your fiat currency to any blockchain. The concept remains the same–it takes a look at multiple services and provides you with the best rate.

The NFT Boutique is live, but seems to be still in development. There are 8 NFTs in the shop, and they are … eh… take a look for yourself. There is a lot of room for this dApp to grow.

With all these products already live, there are still a ton of products on the roadmap. Next on the roadmap is a dashboard to bring all these dApps together. After that they plan to launch the Papa Wallet, followed by a mobile application. So far, they’ve delivered everything they planned to, so there is no reason to believe they won’t continue.

The point is this–This team has a real product, and it’s all in one place. The developers are committed to the project, even though they haven’t seen a lot of returns yet. There really hasn’t even been any marketing for the product that I’ve seen. The development team continues to push their ecosystem and developing their product. Once the mainstream crypto market notices this project, it’s going to be huge.

I had the developer here at CryptoCravers take a look at the Papa token contract, and there isn’t really much to report. It’s a very straightforward contract–generated through the Mudra token creator. There is nothing nefarious to report, or any real vulnerabilities, because the code is quite basic. Currently, the token is trading around $0.000065 per token. The total supply is 1b, but 50% of the tokens are locked away, set to be burned. The marketcap is reported at 65k, but is technically about half of that, with the locked tokens.

I love this ecosystem. I’m excited to get involved and I’m excited to see what will become of it. Remember, the CryptoCravers do not offer financial advice, we simply share projects we like with our community. We love to find projects with committed, trustworthy developers. The developers at PapaVerse clearly aren’t just a bunch of dads.

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The CryptoCravers have taken a slight pause in reviewing projects to focus on an internal release that is coming soon. I am happy to share the inspiration for that project here with you today.

Almost every token on the market today hits a wall because as of yet, very few tokens have enough utility to sustain a sufficient volume to maintain a price threshold. Even rewards tokens lose utility quickly. Eventually, certain investors build up whale wallets and hold their tokens to accumulate rewards. However, while this increases demand, it decreases volume, and the token cost quickly outweighs the rewards for new investors. Then when volume stops, whales start to sell off — crashing the project. This token economy is the inspiration for our new project.

Keep an eye out, fellow cravers!

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I am revisiting the Juicy Beanz project for one simple reason — it’s worth writing about. This project has continued to impress me over the past few weeks, and is still growing steadily. For a complete overview of the project, take a look at my previous post from 3 weeks ago.

Since my last post, the price has tripled — currently sitting at $0.0025 per token. The total market cap is sitting at $183,000, according to the latest PooCoin numbers.

Recently, the team released an NFT project in support of the token. There are 5,000 “Mr. Toasty” NFTs available for mint, almost 900 have already been taken since release a few days ago. The artwork is quite pleasing, a 3-D collection of a very classy piece of toast. The price is quite low, only 0.05 BNB per mint. The proceeds of the mint go towards building the token liquidity pool, in addition to buybacks and burns. These features have a stabilizing and deflationary effect on the $BNZ token. The NFT also rewards users with passive BUSD, much like the token.

The Juicy Beanz community is also worth talking about. I have never witnessed such a loyal community surrounding a token on the Binance Smart Chain. Usually token communities are just looking to make a quick buck. However, the Juicy Beanz community is quite different. When the project lead made a mistake and made a deal with a scam AMA group (a few weeks ago), the community rallied around him. The project lead then used his personal wallet to buy back tokens to correct the chart. It was a defining moment for the project. It showed the community the sincerity of the development team.

As a reminder, the CryptoCravers receive ZERO compensation for our project reviews. This is not investment advice and, of course, do your own research. We do our best to remain honest and unbiased.

What do you think about Mr. Toasty? How high can this project go?

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Crypto gaming often lacks complexity. It’s not real “gaming” as most would consider it. However, Krixivia is a game that plans to change that perception. Based out of the UK, the Krixivia development team is developing an in-depth, 3D, NFT-based fantasy MMORPG. Currently, the game is live for a select group of Beta testers who were lucky enough to win an NFT.

There are two native tokens for Krixivia, both on the Binance Smart Chain. The $KXA token is used for real world exchange of NFTs, starter packs, or purchasing in-game currency. The $KXS token is the currency used within the metaverse of Krixivia. At the time of writing this article (15 May 22), the $KXA token is valued around $.019 USD–and is tradeable on PancakeSwap. The token was launched in December 2021, and hit its all time high in April, at nearly $0.12.

While tokenomics are important, I feel the most important discussion point for Krixivia is its potential to hit the main-stream market. MMORPG’s, as a genre, have a huge following. The hook for Krixivia isn’t necessarily the fact that it’s a De-Fi game, but rather the legitimate game content. It’s the perfect introductory tool for gamers to enter the world of crypto.

I am very excited for the Krixivia to be made open to the public. Currently, the only way to play is to stake a certain number of $KXA in order to be entered for an NFT drawing. If you win an NFT, you will be able to enter the metaverse of Krixivia and test out the game. In addition to playing the game, once the game is fully-functional, I would expect the value of $KXA to skyrocket. Of course, this is not financial advice–DYOR and invest at your own risk..
.
What other legitimate De-Fi games are currently in development?

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Crypto is an extremely profitable endeavor — especially for scammers! One of the most common scams we see out there is spoofs scams. Spoofing comes in all shapes and sizes, in fact, some of the methods are downright creative.

One of the most successful spoofs recently has been against the Bored Ape NFT Project. In the month of April alone, NFT holders have been conned out of millions. The potential profit for scammers makes way for elaborate, well-planned, and well-resourced spoofs.

Presale Spoofs are rather common. First, the scammer recreates the telegram group and adds all the real users to the new group. Next, the scammer drops a link for the presale. When the user follows the link, they find a nearly identical presale page — and holy crap — the presale is almost sold out! Click, buy, money gone forever.

Spoofs are also common for active coins. Similar in nature, the scammer recreates the telegram and pulls the real users over. Next, the scammer engages the community, much like the real group — except the contract address listed in the group is not the real contract address. The scammer may even run a promotion, like a lottery, to promote buyers. Click, buy, money gone forever.

The CryptoCravers got your back. The more you know, the safer you are (and your money). Hopefully this article will give you pause, just enough to take a second glance before you hit the “buy” button.

Have you ever been the victim of a spoofing scam?

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The CryptoCravers has been exploring ways to bring ethics and accountability into the world of crypto. Through this research, we found a unique project that we wanted to share with all you cravers out there.

When a project gets rugged, there is very little to be done. Even law enforcement struggles to track down this new wave of cyber criminals. There is one project, however, that dedicates its time to tracking down these crypto thugs: $DAR

The Digital Asset Recovery token works alongside local and federal law enforcement to track down crypto scammers. Wired Fraud, which is the legal term for this type of crime, is a Class C felony, earning the individual up to 20 years in prison and $250k in fines. When criminals are tracked down and funds are recovered, some of the proceeds actually fund the DAR token and help to repay those who have been scammed.

The token has an 8% tax on buys and sells. 2% gets locked into liquidity for 5 years, 2% is redistributed to victims of scams, and the final 4% is spent on attorneys and donations to police departments involved in the investigations.

What do you think about this unique project?

Ethics Token: Digital Asset Recovery ($DAR)

The CryptoCravers has been exploring ways to bring ethics and accountability into the world of crypto. Through this research, we found a unique project that we wanted to share with all you cravers out there.

When a project gets rugged, there is very little to be done. Even law enforcement struggles to track down this new wave of cyber criminals. There is one project, however, that dedicates its time to tracking down these crypto thugs: $DAR

The Digital Asset Recovery token works alongside local and federal law enforcement to track down crypto scammers. Wired Fraud, which is the legal term for this type of crime, is a Class C felony, earning the individual up to 20 years in prison and $250k in fines. When criminals are tracked down and funds are recovered, some of the proceeds actually fund the DAR token and help to repay those who have been scammed.

The token has an 8% tax on buys and sells. 2% gets locked into liquidity for 5 years, 2% is redistributed to victims of scams, and the final 4% is spent on attorneys and donations to police departments involved in the investigations.

What do you think about this unique project?

Join the discussion on reddit, r/CryptoCraversLLC

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Here at CryptoCravers, we try to inform you of all types of projects — big and small. I love projects that involve passive income of any kind. I’ve looked into many different projects, including node projects, yield optimizers, and reward coins. The last reward coin I reviewed left me wholly unimpressed. Today, I bring you another reward coin, this time, a very small project. However, don’t let their humble stature fool you — the token has some impressive features. Let’s take a look…

Let’s start by looking at the $BNZ numbers. At launch, 100 million $BNZ tokens were released. Price per token, as of today, is sitting around $0.00080, which puts the market cap at around $70k, which is quite low. However, the trajectory is quite impressive — the coin price has increased nearly 500% since yesterday. The development team is very involved in their tight-knit community, hosting a telegram channel of around 700 members. It is important to note as well that the team has not even begun advertising. All growth has been organic, since the stealth launch.

Lets look at the tokenomics. There is a significant tax to buy/sell, but that is pretty common with a reward coin. When you purchase the token, a 10% tax is imposed: 3% liquidity, 2% marketing, and 5% rewards. When you sell, a 15% tax is assessed: 5% liquidity, 5% marketing, and 5% rewards. My opinion on the tax rate is that its low enough to enter comfortably, but high enough to prevent over-selling. As I stated, marketing hasn’t even begun yet, so there should be a good stockpile by the time they begin. Rewards are distributed through BUSD, which appears automatically in the holder wallets.

We did a review of the Juicy Beanz contract, and there was nothing major that struck us as a red flag. Please note, the CryptoCravers is not an auditing company. The only feature that stuck out to us was a function that allows multiple wallets to be assigned as the contract owner. It was a feature that we haven’t seen before. We reached out to the team for an explanation of the feature, and are still waiting to hear back.

So what’s next up on the $BNZ roadmap? The team is currently working on an rewards NFT that will be released in the coming days. In conjunction with the NFT release, they plan to begin a heavy marketing campaign for the token. The NFT will not only passively generate rewards, but will also be used in some play-to-earn games that are currently in development.

What do you think of this project? Is Juicy Beanz another BSC crap token? Or is it a hidden gem, ready to moon?

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With the need for KYC’s and audits, we have started to see companies pop up throughout the market to provide these services. Of the hundreds of services out there, trying to charge for this service, there are probably about a dozen that have a widely recognized name.

This introduces a new problem–at what point are KYC and audit services just selling a name. How much responsibility should the company bear if they provide a good report on a project, which subsequently rugpulls? Are certain companies trading their name for a dollar? Who knows which audit companies provide unbiased and honest reports?

These considerations came to mind yesterday as we were reviewing the case of the contracted developer, Bullish, who scammed the Coyote Coin team and all of their investors a few minutes after launch. The Coyote Coin project was fully KYC’d and audited. Bullish, as an outside dev, had been KYC’d previously, by gate.io. The Coyote Coin smart contract received a 90% overall rating by Certik.

The KYC, hopefully, does its job. The identity of Bullish will likely come out, and he will likely be prosecuted–he apparently scammed upwards of 8 projects simultaneously.

The audit, however, raises a serious concern for me. The vulnerability that was exploited, in this case, was raised as a flag by Certik. Great! They caught it! Then, how did the overall rating of the Coyote Coin contract remain as high as 90%? That seems odd to me. And after the exploit happened, why has Certik reduced the overall rating to 50%? Hindsight is 20/20 as they say.

This article is about the importance of integrity. Crypto projects are expected to have integrity, and thus checks and measures are put into place–audits & KYC’s. But what happens when the companies providing these checks start to lose sight of their integrity. When a rugpull occurs, I would expect an audit company to step up to the plate and make a statement regarding their failure to account appropriately for a potential vulnerability. At least make an apology for rating a contract 90% trustworthy, while the investors lost over $750k.

Instead of taking ownership and proving they are a company of integrity in the crypto space, Certik quietly reduced the rating to 50%, to cover their butts after the fact. And then proceeded to attack the CryptoCravers article on the Coyote Coin exploit, which was simply an overview of the facts.

Here at the CryptoCravers, we promise to always shoot straight. We will give you the facts–honest and unbiased. Every. Single. Time.

Comment below — What KYC/Audit companies do you trust? And which companies aren’t worth their salt?

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