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Moonacy Protocol is a UK-registered exchange company that allows any user to invest in exchanges, namely in their liquidity pools, and earn a stable passive income in cryptocurrency from each exchange. Today, we will review this platform and evaluate its reliability and find out Moonacy Protocol scam or legit?
1) The company claims to be registered in the UK. This can be easily verified by going to the UK Registrar of Companies website and searching for a company with that name. The company is indeed registered “link” and also has a share capital of several million pounds. This fact alone indicates that the company is reliable. It is unlikely that any scam would risk that amount of money.
2) Product Evaluation
The company’s main product is an online exchange of various cryptocurrencies. The platform has both the exchange itself and the history of recent exchanges. First, we decided to check the last transactions and make sure that they are not fake and are real transactions. We checked the last 10 transactions through the blockchain browser. There are indeed such transactions. Next, we decided to use the Moonacy exchange and exchange ETH to USDT. The exchange was very fast and in less than 5 minutes we already received USDT in our wallet. In addition, the platform has a section for developers and API integration.
3) Platform evaluation
The company’s website looks modern, high quality, loads and opens quickly. Support is fast. The company is constantly improving the platform interface and evolving. For example, they recently added a new XRP payment method. The company is active in social media. Many cryptocurrencies are available to work with the platform. There is an investment platform, online exchange, White Paper, technical documentation and more.
4) Reputation Assessment
We spent several hours searching for negative feedback or any constructive criticism regarding the platform. Overall, the feedback about the platform is very positive. We came across a few negative articles and posts on Reddit, but there was no specific information about why Moonacy is a scam there, only evaluative judgments from individual users. Many major cryptocurrency media outlets such as Trading View, Crypto News, Coin Paper and others have written about the project.
Conclusion
Most likely, the company is reliable, which is indicated by several factors: officially registered company with authorized capital, technically sophisticated ecosystem with its own exchange, investment platform, API integration, detailed White Paper, good reputation on the Internet, quality platform, active social networking and constant development. However, do your research, this is not financial advice!
