EarthMeta Review: Is the $EMT Token Presale Legit or a Scam?

When we first looked into EarthMeta, we had a feeling it might be another project that, on paper, seems promising—maybe even too good to be true. We thought that with a little digging and investigation, we’d find it’s just another empty shell, overhyped by expert marketers. Surprisingly, things turned out a bit differently.

In this article, we’re not going to dive into the product and its features. Instead, we’ll focus on its legitimacy and look for potential scam indicators. Now, it's time to start with the review.

EarthMeta Whitepaper: Insights into the Platform and EMT Token

EarthMeta has two whitepapers: one covering the platform and the other detailing the EMT token. Both documents are quite detailed. The platform whitepaper includes an overwhelming amount of information, ranging from a general market overview to in-depth technical aspects of the EarthMeta metaverse platform. The explanations are clear, and the content is well-structured, giving the impression that a significant amount of effort has been invested in its creation.

EMT Tokenomics

The tokenomics whitepaper for the EMT token is also thorough, covering details on token distribution, liquidity pools, and crypto staking mechanisms across its 27 pages. Not all of the content is directly related to tokenomics, but it’s still worth noting.

The founding team will receive 4% of the tokens, locked for 4 years. Additionally, 16% of tokens are allocated for liquidity pools on decentralized exchanges (DEX) and centralized exchange listings (CEX). Another 10% of the supply will go to presale buyers, with the remaining allocation looking reasonable to us.

While this isn’t mentioned in the whitepaper, according to the project’s Telegram channel, the initial market cap at launch will be $63 million, and the presale hard cap is set at $2.8 million. The EarthMeta price at launch will be $0.03 per EMT token.

EarthMeta Team: Key Players Behind the EMT Token

The executive team, led by Taha Bouarfa, seems capable, but we won’t go into too much detail here. However, since blockchain technology is a major pillar of this project, we expected more information about the CTO, Idir, who is supposedly responsible for smart contract development. Unfortunately, we couldn’t find much about Idir’s experience—no blockchain developer profile or other relevant details related to his work on blockchain security or metaverse development.

According to the whitepaper, two reputable advisors are involved with the project: Edwin MATA, Founder & CEO of BRICKKEN, and Massimo Moretti, CEO of ITAK. We reached out to both to verify their involvement. Edwin kindly replied and confirmed his position as an advisor. We didn’t hear back from Massimo, but since Edwin’s role was confirmed, we assume Massimo’s involvement is legitimate as well, which we see as a positive sign for the project.

Audit and KYC

The KYC verification was handled by Assure DeFi, though it was limited to the CEO. The token smart contract audit was performed by Coinsult, ensuring the integrity of the token. While the audit covers basic token operations, it doesn’t include the metaverse blockchain code, and the KYC was only done for one team member. These elements could certainly be improved, but they don’t necessarily cast a shadow over the project.

Partnerships and Collaborations: Who is Working with EarthMeta?

We found no published crypto partnerships or collaborations with reputable blockchain or virtual asset companies—or with any other projects for that matter. On the project website, there is a section titled "Empowered by" which lists tools and products for blockchain applications such as OpenAI, Wert, IPFS, ChainLink, and more. While some might interpret these as partnerships, we believe that the absence of more metaverse-focused partnerships raises concerns. Building a complex metaverse ecosystem without strong collaborations seems like a challenging task, and this is something investors should take into account.

The EarthMeta Metaverse Platform

The first version of the EarthMeta metaverse is scheduled for release in October, before the token launches on cryptocurrency exchanges. This is a smart move by the team, as releasing a product before launching the token is how we prefer crypto projects to operate.

However, we do have one burning question: Since developing a metaverse is an expensive, multi-year endeavor, how was EarthMeta funded up to this point? According to the Telegram group, development started three years ago, and while the presale can cover future development, building a metaverse over several years can be extremely costly. Are there any investment firms, VCs, or other equity investors funding the company? Investors deserve to know, and we hope EarthMeta will disclose this information soon.

EarthMeta Marketing Strategy: Promotion and Concerns

Our initial skepticism stemmed from the way EarthMeta is being promoted. It has appeared on websites known for marketing low-quality or scam projects as long as they pay. EarthMeta was listed alongside projects like Pepe Unchained (PEPU) and 5th Scape (5SCAPE), which appear to be extremely low-quality ventures likely promoted by Finixio. Still, we believe this doesn’t necessarily indicate that EarthMeta is unviable.

Conclusion: Is EarthMeta Legit or a Scam?

It’s difficult to definitively label any early-stage crypto project as either legitimate or a scam. However, based on our research, EarthMeta shows more positive signs than negative ones. The extensive whitepapers, ongoing development efforts, and the CEO’s confirmed advisor lend credibility to the project. We believe that EarthMeta is not just an empty promise or hype-driven venture.

That said, there are areas where transparency could be improved, such as providing more information about the project’s prior funding, the CTO’s background, and the partnerships. Additionally, the audit and KYC processes, while completed, could be more comprehensive. Despite these concerns, EarthMeta appears to be a project with real development behind it, and we remain cautiously optimistic about its future.

EarthMeta Price Prediction: Will the EMT Token Moon?

Any website claiming to predict how EarthMeta price will perform after the $0.03 launch price should be treated with skepticism. These “experts” making bold statements are often unreliable. Be careful with your money, and don’t fall for misleading claims. As always, stay informed and perform your own research before investing.

Last Words

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