GigaChadGPT Presale Concerns Potential Investors

Introduction

If you look at coinsniper.net for a new coin to invest in, it certainly has not escaped you. At the time of writing, a huge banner promoting the presale of GigaChatGpt is displayed, encouraging people who visit the website to invest in the token. This is how the token got our attention. With some professional advertisements running, it certainly does not lack any marketing.

Disclaimer: Our short analyses are important to us, as we receive some information about a potential shit or hitcoin. We explore the Telegram community, have a look at the developer(s) behind a token, and find everything from the project we can find. We try to be as sincere as possible in our analyses, but if you find a mistake, be sure to write us about it through our mail, or faster, through our telegram admin(s) account(s). That way, we can make up for any mistake and give our users the best information.

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5 Presale Phases

With the first phase of the presale done, the token is running its second phase out of five for the presale. Each phase runs $50.000 worth in presale and lasts 15 days. This means the whole presale will take up to 75 days! This is quite an unusual amount of days for a presale, as hype may fade away for early investors. The first round ended close to $29.000, accumulating only slightly above half the phase. With the second phase live, it accumulated approximately another $6000 in funds. We can not predict how much success any of the following phases will have.

Marketing Strategy

For whatever reason the developer used GTA-like animations is unclear. There is no similar game coming out and surely there is no single use case pitched either. What we suppose is that with the upcoming GTA updates by Rockstar Games, the token used trendy visuals, attracting investors. This may come as misleading, only using the visuals for marketing purposes.

The Chat Bot

The chatbot is just another AI variant of ChatGPT. You can chat with it and ask about the coin itself and it will self-promote the heck out of it. The project describes itself as an ultimate fusion of Giga Chad and artificial intelligence. Besides the bot, there is no other utility found on the website. The enticing way of convincing people to become a Giga Chad is funny:

It takes the alpha energy of GigaChad and combines it with powerful AI capabilities. The result is an unstoppable force of chadness and intelligence. It’s like having the brain of a genius and the body of a Greek god. Fucking epic, right?

The language is the same style as in the GTA V game, coming across as savage.

Tokenomics

The tokenomics contains the usual pie chart, explaining how the tokens will be distributed. 20% is in the hands of the developers, with 5% being claimed as team tokens that are locked. There is no explanation of how long these tokens will be locked. With the other 15%, the team can spend it on marketing and further development of the token. This raises some concerns, as the roadmap does not explain which features they want to add later on. The money from this wallet can be spent on whatever they want, rewarding themselves with some of it for “further development”. It remains to be seen whether that would be the case.

The Developer

We know very little about the developer, whether it is about an individual or a team. There has no KYC report been submitted as of yet. With such a presale, we certainly expect one. How investors were able to raise a total of 35k without worries, comes as a surprise.

The Community

While the GigaChadGPT may look great, it is all except that. With 9000 members in their telegram group, raising so little money raises a lot of red flags. We don’t want to come to quick conclusions, as people may be in the group to keep a watch until the launch comes closer. The thing is, that these are not the only numbers that seem to lie. The voting system on coinsniper.net allows people to vote every 24 hours. Now, seeing a number as close as a million votes already with about 56000 daily votes, are numbers that should represent in the presale too one would think.

Investment advice

Our advice: stay far away from this one. As long as this marketing strategy continues, the presale phases will be worthless. Normally we would advise a short or long-term investment, but GigaChadGPT made us advise against investing at all. With a lengthy presale, early investors may be missing out on many other potential coins that could make them profits in the meantime. Our advice is to invest in other coins because this token takes just too long before potentially making profits. We know how the BSC market can change in a matter of days and many good coins can launch in the meantime.