1. What is NO BS CRYPTO
It is a project that aims to be a useful and helpful source of reviews that may help to find scams in the crypto world. It aims to be a transparent, unbiased and crowdsourced crypto ratings and reviews.
2. The NOBS token
The No BS Crypto token ($NOBS) is a 100% airdropped utility token based on the Ethereum network according to standard ERC20 specifications. There never was, nor ever will there ever be, any token sale or ICO of any kind. The total supply is 10,000,000,000, and the circulating supply is around 4,000,000,000.
ICO, projects, telegram groups, etc.. will be reviewed using the strength and expertise of the No BS Crypto community and their respective skills. The No BS Crypto community is between 120,000 and 150,000 people from 193 different countries and speaking almost every common language interacting with one another across 4 different channels (Facebook, Twitter, Discord and Telegram).
Community members will be tasked with performing extensive due diligence on certain crypto projects, being compensated fairly for their efforts. Those who participate will undergo extensive and comprehensive internal Know Your Customer (KYC) procedures to ensure the trustworthiness of each and every rating and review. KYC procedures will be outsourced to a trusted and vetted third-party KYC provider. After successfully completing KYC, each reviewer will be categorized internally – never publicly
– based on their skill set.
4. Revenue model
The following is the actual revenue model and may change in future:
80% of the fee that crypto projects pay to be reviewed will be shared with the No BS Crypto reviewers and 20% will be kept by No BS Crypto.
Projects that would like to stay listed on the site https://nobscrypto.com/ for an extended period of time will pay a nominal monthly subscription cost. A percentage of this cost will be shared with the community.
Projects that receive a favorable review will have opportunities to pay extra to be featured on the site or promoted via podcast, YouTube or similar social channels. A percentage of this revenue will be shared with the community.
future revenue-activities should be added in the future.
5. Token metrics
The No BS Crypto Token has a total supply of 10,000,000,000. 10% of this supply is reserved for the founding team and advisors. 25% is reserved for company operations and future partnership opportunities. The remaining 65% is reserved exclusively for the community.