Pirate Nodes ($DOUB)

Pirate Nodes ($DOUB)

Pirate Nodes is an innovative Nodes-as-a-Service (NaaS) and Defi-as-a-Service (DaaS) protocol operating on the Avalanche chain. It's goal is to create a sustainable passive income project. It has four tiers to nodes with a reward rate from 0.74% to 1.60%.

Whitelisting
Presale
Public Launch
Coin Tracker Listing
CeX
Contract Address: Not Released

Avalanche

  • Planned
  • Node Mint: March 31, 2022
  • Token Fair launch: TBD

Free Review

This is a free preliminary review of this project. Please ask the developer of this project to contact us if you want us to update this listing and include more comprehensive reporting.

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Fundamental Analysis
  • Website
    (4)
  • Documentation
    (5)
  • KYC
    (3)
  • Roadmap & Vision
    (4)
  • Value Creation
    (1)
  • Quality
    (3)
  • Competition
    (2)
  • Tokenomics
    (5)
  • Game Theory
    (4)
  • Moon Potential
    (3)
  • ROI
    (4)
  • Working Product
    (4)
  • Community Following
    (3)
  • Social Media Presence
    (2)
  • Marketing
    (3)
  • Partners
    (3)
  • Narrative
    (3)
Comments Rating 0 (0 reviews)
Overall
3.3

Summary

Special comments not covered by the rating system:

A recently registered domain which means the project was not in incubation for long. They say their founder had previous projects. I asked and he said that it was StepZZ. This is indeed his business. I asked for their lead dev’s previous project but was not answered for it. They are on schedule with their roadmap but aside from that, no long-term vision was stated. They have a bug bounty program which is always a plus on my end. Liquidity will be locked for 1 year. Multi-sig is employed with 3 team members and future integration of the community with the multi-sig. Smart contract audit is planned but they have not revealed who they are going with.

They are going to make a P2E game but not much info has been shared regarding this sub-project. But still, I suspect, no value is being made and it’s only a wealth distribution method. Lots of nodes out there. It has a moat around it with its new features but I doubt it will stay that way for long when newer nodes copy theirs. There’s a 17% special allocation towards the treasury which gives it a score of 4 but the token itself would be fair launched. Not much selling pressure here from the allocation. No mention of any burning mechanics or mint mechanics. It has a fixed supply of 500,000. It will be fair launched so I’m taking the 1st hour as the initial market cap. I’m estimating a market cap of somewhere in the range of 20 to 50 million. ROI is explicitly stated in the whitepaper to be as fast as 63 days and as slow as 136 days.

It’s a fork of another node protocol with some revisions. I’m pretty sure they have a working product already. Medium amount of low-quality accounts. Probably botted to start their Twitter account. Common practice nowadays but still is a red flag. Lots of buzz on youtube and Twitter but mostly from small size accounts, some from medium-size accounts

Pros

  • Documentation is outstanding, the website is beautifully built.
  • Roadmap is only until the mid-term, no long term vision stated but they are on schedule.
  • Very good tokenomics and supply. Not much sell pressure from special allocation.
  • ROI is comparative to other nodes.

Cons

  • No value creation aside from wealth distribution.
  • Lots of competition in the node space.
  • Suspicious twitter count. Please read the summary for more details.
Socials

+0K

Discord

+0K

Telegram

+0K

Twitter

Economics

Income Expenses Delayers
NFT Purchases
Monthly Fee
Claim Tax
Node Payout
Max 5 NFTs
Merging Nodes
Node Decay
Important Screen Captures
DYOR, NFA

Project Estimates

Based on our experience of the reviewing multiple projects, here are our estimates.

0 x
Potential Multiplier
0 m
Estimated Peak Market Cap
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Overall Risk Level

High Risk

Given the Conviction Level of Moderate and a Market Cap of Extremely Early, we have deemed this project to be of high risk. We expect that you do not allocate more than 2.5% of your portfolio; with a recommended allocation of 0.5% in this project and that you take your initial capital out as soon as possible. Then, take out most of your investments before it reaches 10x from your initial investment.

Mod
Conviction Level
With a total score of 3.3, we have rated this project to be of moderate conviction level.
0.5%
Portfolio Allocation
Taking into account our conviction level and the current market cap of the project, this would be the minimum allocation of this project in our portfolio.
E L
Market Cap
The project is still in the whitelisting phase. Estimated initial market cap is around 3m.
S T
Investment Horizon
With an overall risk level of high, our investment horizon will be limited to short term only. Secure your capital as soon as possible.

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