Mysterious project Spaghetti Money. Who is behind?
In the crypto industry, real unexplained phenomena happen. As a result of unusual coincidences of circumstances, individual projects that seemed frivolous receive serious financial support. One of these is the Spaghetti Money platform, which came out of nowhere, but has already successfully raised $ 200 million. Next, we will talk about the reason for such a serious investment, and also describe the project based on the available information. So, let’s see.
About the company
In fact, very little is known about Spaghetti Money. Nevertheless, the lack of information did not prevent investors from successfully investing over $ 200 million in the project. And this is only 12 hours from the start of fundraising. One of the many cryptocurrency platforms has attracted investments mainly due to its catchy, lightweight design. The abundance of Internet memes and bright colors in the design of the project arouse interest. A more detailed study of the company, it becomes clear that Spaghetti Money is a fairly solid project. Roughly speaking, Spaghetti Money appeared on the basis of the Yam platform.
This was a well-known project at one time, but, unfortunately, a failed project. The company ran into debt and was forced to stop working. It is currently unknown who is behind Yam’s receiver. It is possible that Spaghetti Money is yet another attempt by the creators of Yam to conquer the industry. So far, things are going well.
The main goal of the project is to provide secure staking of little-known cryptocurrencies. The platform offers its own functionality for placing potentially successful coins on internal wallets. Assets are placed in a reliable storage, and you just have to watch their growth and fix profits in time. Currently, such promising coins are available as yEarn (YFI), Chainlink (LINK), Aave (LEND), Compound (COMP), Maker (MKR), Synthetix (SNX), Wrapped BTC (WBTC), Wrapped ETH (WETH). Don’t worry if you haven’t heard of any of these payment solutions yet. The bet was made specifically on little-known coins, which may start active growth in the near future.
Should you trust Spaghetti Money?
Returning to the theme of the developers and the funny design of the project, it is worth noting that the company’s internal token is called PASTA. Thus, you might think that frivolous entrepreneurs are behind the platform. Nevertheless, so far, there is no way to doubt the reliability of the company. According to the most daring forecasts, the company’s internal token will be able to attract investments of $ 500 million by the end of this week.
Therefore, we can conclude that a slight understatement about the developers and the principles of the token’s operation brings its result. The company is really interesting to a large number of investors who are ready to cooperate with the project today. That is why we strongly recommend taking a closer look at Spaghetti Money, or rather, their internal token. It is quite possible that soon we will hear about the phenomenal growth of this asset.