Overview
Concealed Untraceable Transactions (CUTcoin) is a functional crypto currency project that promises its users anonymous transactions and total privacy coupled with data protection and opportunity to earn passive income through staking.
CUTcoin uses Proof of Stake consensus algorithm and advanced cryptography.
Pros
1. Privacy Focused
CUTcoin uses advanced cryptography to ensure anonymous transactions and data protection.
2. Trading
CUTcoin is easily available for trading on several exchanges including TradeOgre, Crex 24, Stex etc.
3. Wallets
CUTcoin offers an offline wallet and a web wallet which makes it easy to carry out transactions on the go.
4. Staking Pool
CUTcoin offers guaranteed income to its users through the staking pool. For example, if you stake 100 CUTcoins for 31 days, you would gain an additional 4.24 CUTcoins as profit.
5. Transparent Interest Rate CUTcoin's interest rates are clearly stated on the website and is constantly updated to help you make informed investment decision.
6. Block Explorer
CUTcoin has a simple, straightforward block explorer where you can check status of your transactions.
Cons
1. Low Transaction Volume
The volume of transactions on CUTcoin is low.
2. White Paper
CUTcoin's white paper has little or no information that will enable a potential investor to understand the direction of the project.
3. Insufficient Info
The information about CUTcoin on the website home page is just a one-liner. It should have 3-5 lines of text/graphics explaining the project clearly.
4. No Address
CUTcoin has no physical address on its website.
C'mon, even an ant has a home address. They should include a physical office address to gain the trust of potential investors.
5. Serious Competition
There are similar projects out there that are ready to give CUTcoin a run for their money.
Conclusion
CUTcoin is a promising project and would be very useful to crypto currency investors and enthusiasts who are much concerned about their privacy and data protection.
I would give it a rating of three out of five.
You can learn more about the project by visiting CUTcoin Website
