CVA token

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So the CVA token caught my eye on an airdrop site. All you needed to do to get $20 worth in the CVA token was download their app. Needless to say I had to test this.

The app itself is pretty functional. It is very base though. You can earn more CVA by watching 3 vids they have up unlimited (or so it seems) times. 

So I downloaded the app and true to what they said they gave $20 worth of the CVA token. A great first step but my next questions were will they pay out when you request a withdrawal? What are the fees? $20 in CVA translates to approximately 163 tokens which is what I have in my account currently. 

CVA was built using the Eth blockchain. So the fees it creates to withdraw 163 CVA Tokens is 0.06 Eth, which for those of you who don't know equates to about $35 at the moment.

Most of the time when you move your crypto somewhere or it is moved to you the fee for moving it is taken out of the balance being moved. That is one way to know that a program isn't scamming you. This app asks for that 0.06 Eth to be sent to them separately which leaves a sour taste in my mouth. The only sites I know that ask you to send some in exchange for some are investment sites and bitcoin generators. Bitcoin generators I do not go near and I am incredibly cautious with the investment sites. Those I only test if they offer a smaller investment option and if they have been up and running for at least a year. 

Now this does give the impression that you can send your $35 fee to them using different cryptocurrencies however its simply bad business to spend $35 out of pocket to get $20 ???+?

I know the fees for Eth went sky high when the coin itself gained an impressive increase in value, and I do not know if the fee is worth it if you are looking at larger amounts. I will keep this app and use it to slowly grow my amount of CVA. Once I have a larger sum I will see what the fee looks like for a withdraw and post a new blog post about it. For me, at the moment, this definitely raises red flags. However, it isnt costing me anything to test it another round or 2 so I'm interested to see if larger amounts make the fees worth it and then if they do, if these guys actually pay out.

*Project Pending Part 2*

Regulation and Society adoption

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