XYZVerse Crypto Review: Is the $XYZ Meme Coin Presale Legit or Scam?

We love getting emails from our readers (feel free to email us—ehem), and this time, we got a short one from a fan asking whether the $XYZ token is legit or a scam. Since our readers are our world, we pulled up our sleeves, poured a strong cup of coffee, and started digging into XYZVerse.

XYZVerse is a cartoon-style meme coin on the Polygon blockchain that claims to combine the thrill of sports with the hype of meme coins. This meme coin, currently in its presale stage, has yet to deliver a developed product. According to the crypto launchpad hosted on the project website, it has raised nearly $5 million to date and is now in the 9th stage out of 15 stages.

Press releases also mention that XYZVerse aims to bring entertainment dApps, prediction markets, and sports betting to the digital asset space. Now that we've got the basics, let's dive into the details.

Whitepaper and Tokenomics

XYZVerse tokenomics. Source: XYZVerse whitepaper

The XYZVerse whitepaper uses plenty of feel-good language, including claims such as “bringing crypto enthusiasts together” through the “universal language of sports” It even boldly states, “Our ultimate goal? To make every $XYZ holder rich” But despite these claims, there’s little real substance here.

The whitepaper feels more like a collection of high-reaching goals and lacks specific details. There’s even a section where it takes a jab at other meme coins. The roadmap stretches to the end of 2025, and while it may look impressive, it seems more like wishful thinking than an actionable plan. There is no indication of any serious planning or thought behind these ambitions.

Market Cap at Launch: Unrealistic Numbers?

One of the most eye-catching aspects of XYZVerse crypto is its tokenomics. According to their plans, the token will launch at $0.1 with a total supply of 100 billion tokens, setting its fully diluted valuation (FDV) at a staggering $10 billion. Even if some token burns are considered, the market cap would still reach an inflated sum of $8.2 billion. For comparison, this would be higher than the combined market caps of Kaspa, Aave, and Hedera.

A market cap of this scale at launch is unheard of for a digital asset in its presale stage, and it raises a huge red flag. Whether this was an oversight or planned, it’s hard to see a serious cryptocurrency project setting these expectations.

Audit and KYC

KYC verification claim. Source: XYZVerse whitepaper

XYZVerse crypto claims to have undergone an audit for its crypto presale smart contracts, conducted by Pessimistic (specifically XYZPresale.sol and IXYZPresale.sol). However, the audit covers only the crypto presale contracts, and there is no evidence that the $XYZ token was audited. This oversight is troubling for a crypto project looking to raise significant funds, as it leaves potential investors in the dark about the actual security of the token.

Further, XYZVerse’s website states that its team “passed the KYC audit by Pessimistic with flying colors” However after thoroughly searching both XYZVerse and Pessimistic’s websites, we couldn’t find any certification, document, or proof of KYC approval. This discrepancy raises a notable yellow flag, especially for investors concerned about the risk of scams in the cryptocurrency space.

XYZVerse Crypto’s Claimed Revenue Flow: Fact or Fiction?

XYZVerse boldly claims it’s not starting from scratch, with statements about an already thriving revenue flow, stating that it has:

• Thousands of active users across platforms
• Over $60 million in transaction volume
• More than $2.5 million in revenue generated

While these numbers sound impressive, there’s no clear way to verify them. Who makes up this user base, what’s the proof for these massive transaction volumes, and are they related to crypto?

If the XYZVerse project has truly generated $2.5 million, then a transparent breakdown would go a long way in proving it. Without real proof, these statements feel more like empty marketing than real numbers.

XYZVerse Coin Price Prediction: Beware of Early Speculation

For those interested in XYZVerse coin price predictions, remember that the crypto project hasn’t launched yet. The digital token remains in presale, and any price forecasts are purely speculative. Any crypto websites claiming to know or estimate where the price is headed may be preying on cryptocurrency investors who are eager to believe. An actual launch on a crypto exchange or more solid objective information on the project is the only way to make an informed decision before considering an $XYZ price prediction.

Conclusion: Is XYZVerse Legit?

To keep it short, if you were to ask us for a piece of advice, we’d tell you to think twice before investing in the XYZVerse presale. There’s no way to know 100% if XYZVerse is a scam, but there are enough red flags to raise serious concerns.

We're left feeling skeptical due to the inflated tokenomics, an audit that overlooks the token itself, questionable KYC claims, and the lack of a verifiable user base or revenue. Given the lack of hard facts and inconsistencies, it’s hard to see the XYZVerse crypto project as transparent or trustworthy.

Do your research and proceed with caution. XYZVerse has too many issues in our opinion, to be considered a solid crypto investment opportunity.