(WATER) What Is All The Hype About? Are Charity Coins Good For The Crypto Market? Find Out Here!

[Music] open what's up everybody Welcome to underground crypto just as promised I am looking into this water coin I've never really taken a look I looked at their website for like 3 seconds just to see you know what the coin was uh I haven't really looked into it so we're going to do this together that is kind of the point of this channel is we do these deep Dives together as a community um yeah so let's hop right into it water coin has been trending today ticker water it is number 520 by market cap which is pretty high for a project that's just showed up on the radar all of a sudden it has $ 63.6 million in market cap that that is a lot of money very quickly let's see can we even go three months on this

coin oh wow it looks like it's been higher before wow see a year ago oh man this thing has just dumped from a year ago and it was hitting at about 0.26 in price and I mean it just plummeted down to not far from where it is right now why is this coin got a huge pump all of a sudden that's what I want to know I want to know if maybe uh one of these these trading groups pump and dump groups maybe got a hold of this coin and just decided to pump the crap out of it uh yeah so let's see it is on the salana network so it is a salana blockchain coin it has the max supply of 88 billion tokens uh with the circulating supply of about 73 billion tokens so there's quite a

bit of tokens there that haven't come out although majority of Supply is circulating now down here you will see their website and their white paper and in their Community you will see Twitter and telegram we will be looking at their website we will be looking at their Twitter let's go further down and see where we can purchase these if you wanted to I'm not a financial advisor nothing I say or do should be taken as Financial advice um gate.io decentralized exchanges like radium and I'm sure Jupiter is probably on here somewhere yep there's Jupiter and orca so those are decentralized exchanges on the salon blockchain but you see bitette coinx bitmart I'm surprised that I don't see Mexi Global on this list looks like they haven't picked it up probably for good reason sorry if I seem a little

bearish on this coin but we're going to hop right over to the website and you will see right away that this is a charity token um we haven't covered a lot of Charity tokens that's for a good reason I personally stay far away from charity tokens I don't believe nothing that they're telling me this is crypto you know this is a place where scammers and parasites can come in and and make coins and build narratives and promise you the world they're going to save Humanity they're going to end Hunger or maybe they're just going to fix water you know I don't want to I don't want to be too negative on this coin though because who knows maybe it's doing something I want to leave some room for you know error and being wrong here but personally I I'm

not bullish on this coin just want to throw that out there right away we will do our 1 through 10 rating at the end all right so charity token project water we got the artwork they do have a decent looking website I will give them that and it says it's by the creators of beer coin I don't really know that much about beer coin other than it was pretty popular says you can buy it on decentralized exchanges you can buy it on centralized exchanges oh looks like it is a available on Mexi all right well that's interesting how to buy they got a little thing there I'm sure it's a tutorial here is their smart contract address if for whatever reason you are going to buy this coin make sure you have the right contract address you can get

it just as simply here contract little copy button you can get it on coin gecko just as easily as their website uh you can track it on Dex tools and Dex screener all right now let's get into the meat of what they have have to say for themselves here so you drink it every day it's scarce same as Bitcoin tastes great when you are thirsty it is a vital component of life in our universe you definitely need some water after you've had too much alcohol I mean these are all very basic things I mean are they trying to sell me water I mean I guess they are water the token not literal Water charity first Global charity and research initiatives that will drive attention of millions of people water aims to have a net positive impact on real world

with the help of Charity no perpetuals to prevent Market manipulation we avoid Perpetual contracts at the beginning stages of this project to reduce volatility uh heavy pre-sale limit limited to 200 salana per wallet each wallet can invest up to 200 salana uh pre-agreed top listing we have several listing pre-agreed with top tier exchanges with amazing liquidity and featur Fe vested partners and K's all of our top partners and K's are limited with public with publicity with publicly visible tokens vesting this ensures long-term involvement become a water holder win huge prizes so much more coming soon so it looks like they're saying they have a uh a medes getaway luxury getaway Iceberg uh geyser VIP trip your own private yacht that looks like a very small yacht if you ask me uh ultimate World cruise and then it just Loops

back around so they're trying to throw some prizes at you some sweep steak type stuff then they have a road map so road maps you know if you followed this Channel at all or watched any of these reviews road maps are where we can get into the meet so I haven't even looked at this road map just to say that right now but the main things that I'm looking for and people's road maps are real timelines you know actual you know quarter 1 quarter 2 quarter 4 kind of stuff and not just like first phase second phase and we have no idea how long these phases are intended to go or this is just a road map that goes five years it's a road map that's the next year you know those are all things that we want to

know so let's go ahead and dive into it with that said says the first is rain it's funny how they're going to do this but this is good marketing I I do enjoy the artwork and I do enjoy uh a little bit of effort put into this uh website I will admit that so pre-sale launch water token with heavy pre-sale limits 200 so as we read before decentralized listings list water on decentralized exchanges marketing campaigns a huge marketing campaign I mean that's the type of stuff right there that I always say to be wary of what does that mean a huge marketing campaign you know if I came on the channel today and said hey guys invest in me I have a a huge marketing campaign you'd be like well what does that mean what are you going to

do they they should give us something more than that that's just silly in my opinion but this is what I would expect from a I don't know a charity token I guess or a meme coin this is very meme coin behavior in my opinion so we got CMC and coin gecko getting listed on coin market cap and coin gecko that's not really that big of a fe a feat to accomplish honestly all right next phase River centralized exchange listings so we must be at least this far cuz they are listed on centralized exchange like Mexi Global scarcity Implement freezing staking and Vapor burning mechanism so they're going to do some burning I'm not sure what this uh freezing oh so staking so staking is supposed to be freezing and uh burning mechanism is vapor I mean that's a cool

way to to imp to to put it into words but I mean they're not doing anything revolutionary there airdrop campaign holders incentive campaign for water holders nft collection release exclusive water nft collection that could help a lot all right so then you have C tier one centralized exchange listing secure listings on tier one uh centralized exchanges so I mean that's the same thing as centralized exchange listings so they're just kind of reaying the same thing they said before Partnerships from huge huge Partnerships with global entities and celebrities sorry if that popped up I'm not sure if that'll show up in the video so huge Partnerships okay that's kind of like our huge marketing campaign that's a lot of promise and a lot of not telling us at all how that's going to take place funding Global Water initiatives campaigns

and research ocean is the next phase so we have environmental currency develop water as a charity focused environmental currency Global adoption Drive Global Mass adoption of water influencers engage the biggest world influencers to promote water that is a very meme coin thing to do rewards offer massive rewards for water holders so the last thing they're going to do is give some rewards you know 88.8 billion token water tokens okay so they're going to give us some tokenomics this is also something we want to know so 35% of all of the coins are going to be in the pre-sale and bonuses 35% is going to liquidity 20% is going to Treasury and marketing 5% early contributers and 5% goes to the Water Foundation pre-sale breakdown 50% of liquidity pools and centralized exchanges 50% to marketing and development so that is

where um those tokens are going and that should be I guess the treasury the 20% there uh Supply Dynamics the state of water water introduces a unique and engaging game mechanism inspired by the states of water staking ice burning vaporizing they we've talked about this a little bit in the road map these are the type of things that are really cool that could actually make them a real um project that people really care about and actually believe in versus just another charity coin who comes on here and says hey we're going to end world hunger give us all your money and invest you know a lot of times I don't trust any of that don't seem to be I don't want to seem to be overly bearish but charity coins put a bad taste in my mouth that is

for sure okay so freezing is staking I mean that makes sense just as water turns into ice when it gets cold water tokens Can Be staked or iced to earn rewards stakers are rewarded with additional water tokens over time simulating the process of accumulating ice then you got vaporizing or burning when water is heated it turns into vapor and disappears similarly water tokens Can Be burned or vaporized to reduce the total Supply increase scarcity and potentially the value of the remaining tokens and that's all we got there so you know they were talking about the different states of water and really they only gave us freezing and Vapor uh anybody who's ever been through like you know the fifth grade knows that there's more than two states of water so hopefully they're going to give us a little more

than that at some point and then it says uh I want to touch on this as well it says um engage in game mechanics well I don't know what the game mechanic is here staking and and burning that that's a game I I don't know maybe they got something else that we haven't seen yet water is an impact token water is something essential for everybody so we created the first meme tokenomics focused on funding Global charity and research organizations to use the power of meme Community to collectively change the world for better that is a great idea but we're yet to really see anybody um do this well I just want to point that out as much as I completely uh philosophically agree with what they're saying and all these things we have not seen any charity tokens actually

Implement and actually do much of anything other than run away with people's money dedicated charity wallet for the St for the sake of transparency we have a separate public L known wallet address to use for Charity donations and any campaigns aimed to achieve the greater good sustainable opportunities and interesting plans unlike many meme coins that lack Universal value water stands with a clear purpose or token exist to ensure Fair asset redistribution among holders while supporting charitable causes with water you can contribute to help others without any personal loss um with water you can contribute to help others without any personal loss well what about if the token goes way down I mean we looked at the chart we'll pop back over to that for a minute let's look at their year chart let's look at this starting from June

25th 2024 right where do we see the the not people not losing it seems like everybody who has invested in this project from back here is in a loss so I just want to point that out when it says you know uh help others without any personal loss well if you invested in this when it first came out believ in their narrative you're in a personal loss just want to want to point that out rapid growth and strong marketing as it already happened we are constantly improving the approach and financial balancing models to unlock untapped potential of water with outstanding marketing and performance water future products Global initiatives donate water nft series freezing and vaporizing water we keep hearing about that so then it just says Global Water initiatives the struggle for Clear Water never ends especially with global

warming we aim for sustainable projects that prevent deforestation with the help of water distribution in the driest parts of Africa I agree with all of that narrative that doesn't mean that I think that they're going to do anything about it but I do agree that that is a problem um donate water nft series The Water nft series is a way to to be charitable person and have a chance to earn even more than you donated being a great person should be rewarded they are very much tugging on your uh your heartstrings and your you know the call of being uh what's the right word here a social you know vigilante I guess I guess that's probably not the best way to say it but you know it's a call to Arms here is what they're doing uh being a

great person should be rewarded well I agree with that but that doesn't mean that's what's going on here water introduces a unique and engaging game mechanic inspired by the state the states of water well they're only giving us two states of water we know there's more than two states of water and I don't know what's a game about um you know staking your tokens have you ever staked tokens anywhere anywhere in crypto at all well you put the money in and then it sits there yes it's supposed to be accumulating you know an AP or something but I wouldn't call that a game and then you got vaporizing which is Burning uh so then burning coins and they're just disappearing into vapor that's a game doesn't sound like a game I really want to play to be honest with

you have any questions I don't know if that's going to take you somewhere like a Wiki page so they got a Twitter a telegram and an Instagram water changes the world for the better um and here we get to the real me of the matters so down at the very bottom of the page at the end of their website you will see it says warning risk trading crypto currencies is highly speculative carries a level of risk and may not be suitable for all investors you may lose some or all of your invested Capital therefore you should not speculate with capital that you cannot afford to lose the content on this site should not be considered invest investment advice investing is speculative when investing your capital is at risk well I mean that is obvious and you know that is

true no matter what memec coin no matter what you know legitimate looking project that you're investing in I do want to kind of back up and say that is true across the board this is not only true for this coin let's pop over to their Twitter before we get into more of that I almost don't even want to follow them but we'll go ahead and click follow and see if they say oh my goodness take a look at that water mem coin hasn't posted they haven't posted a single thing on Twitter look at that and then they have 186.000 followers how how do they have that many followers when they haven't posted a single thing they don't have any replies they have no Med they haven't put a single thing on here and they've run that I'm I'm not

a financial adviser I want to make that clear once again I'm not telling you what to do with your money if if you want to invest in this that is your own business and I have no say in that nor would I try to but um 186,000 followers and not a single post on Twitter this is this is the epitome of why we do the Twitter smell test right here because I want to see the followers I want to see their pin post I want to see how many Impressions it's got how many retweets how many comments that pin post has got I want to see how often in a day they're posting and you come to their Twitter and you just get zero you get zero so right here I think is a an appropriate time to say

the narrative is great the idea of Charity coins is great um what they're saying they're trying to do is great I just don't believe them at all this particular project we have not really seen any charity coin yet in the meme world or anywhere else uh produce anything that is actually done what they said they were going to do so I would be very weary I give this a a one and a half my 1 through 10 kind of gut rating on how I feel about the overall project The Narrative the chain that it's on all of those different things this gets a 1.5 which is easily the lowest the lowest rating I've ever given a coin um this this smells like a rug pull to High Heavens if you look at the chart once again you will see

that it almost already already has the chart of a rug pull right there so let's see down here you know up here you had $65 million in volume down here you had like you know 55 or 23 I don't even know how that's necessarily possible that doesn't really make sense to me but anyways guys this is the review water coin it is trending today it is one of the most popular you know coins going on today to me guys watch out there are groups of Traders and and coin Pumpers and people who they get behind coins this is kind of a perfect narrative a coin that doesn't have an extremely high market cap that's already came out and pretty much crashed that's what their chart looked like to me and then a group gets a hold of it and

says hey if we throw a bunch of money into this we all get together it'll pump way up that'll get other people interested in it because of how hard it's pumping and then when those other people come in to buy we'll use them as our exit liquidity so that's all I have to say about this I really don't like seeming overly biased or or like I hate a coin when I'm doing the review and I think so far that has not been a problem but this coin right here is not ringing any good bells for me it's ringing all the wrong alarms anyways crypto run out hope you enjoyed the review hope you now know what water is