This outfit exit scammed a couple months ago. Locked folks out of their accounts promising an audit.
April 2, 2021
GRAYLL’s principal objective is to help individual investors, who don’t possess enough capital and knowledge to enter the contemporary financial scene, start earning income from trading cryptocurrencies and tokenized assets via a user-friendly decentralized mobile and web application that has a very understandable interface. The developers claim that their dApp will offer the user experience similar to Gmail or any major social network in terms of accessibility, transparency, and comprehensibility.
February 25, 2021
Beware. I unfortunately stumbled on to this scam and put some dollars in their algorithm. The token shuffle seemed weird, trade dollars for stellar and then convert to GRX which can be converted to GRY to enter the algo pools. The catch is you must exit through GRX, which is essentially worthless. Insiders dump this at any rise in value. So your dollar represented algo acct must be converted to grx to sell, making your investment worthless. Appears to be a well executed scam. There is no way to cash out your acct without handing the money over to insiders in the GRX conversion. Have a nice day and stay the hell away!
October 14, 2019
The pop-up window on Grayll’s official website contains information about the alleged increase in the value of the GRX token, which amounts to 700% since the beginning of the year. I was trying to verify that information and found out that this coin has so far featured only on a single cryptocurrency exchange - Stellar DEX. Given that the platform has been built on the Stellar blockchain, it would be safe to assume that the project has some kind of a deal with Stellar, so temporarily pumping GRX for marketing purposes wouldn't pose a problem for that team.
September 2, 2019
GRAYLL's promise of simplified wealth generation by the virtue of only four algorithms seems too good to be true. I would be more inclined to trust this project if the team wasn't trying to apply their solution to the crypto market. What might work well for the stock, Forex or commodity trading could be virtually useless when it meets the oftentimes unsubstantiated volatility of cryptocurrencies. I wonder how these algorithms would be able to predict price manipulations, so frequent in the crypto space, or counteract the effect of high-frequency trading. These are the questions to which I haven't been able to find the answers in the project's whitepaper.
July 15, 2019
Fight fire with fire is what they say. All small-time traders, whether they are the commodity traders, stock traders, or crypto traders, know how annoying and dangerous are the firms which are actively exploiting algorithmic trading. Just look at what’s going on at the crypto market this summer. These guys have entered it, and now we see the “ricky-ticky” price swings. So, why not try the app that works on algorithms to counteract this mayhem? 50 bucks is less than I spend on coffee and bagels in a day. I think that GRAYLL is worth trying.
June 29, 2019
Those who intend to invest in GRAYLL and other such startups are so naive. They are willing to believe that a simplistic app based on four algorithms will be capable of bringing steady profits. Wake up people, the contemporary trading is almost as complicated as rocket science. Not to mention that it is incomparably crueler. Especially the crypto market which is still very prone to manipulations. GRAYLL is just nurturing the utopian dreams of the easily obtainable wealth.
June 21, 2019
I am all for giving power to the masses, especially when it comes to trading. I agree with the GRAYLL team that it is absolutely unfair that the big shots from Wall Street can skim all the cream, leaving ordinary day traders with less than breadcrumbs. I think the solution they offer that involves 4 different algorithms can be applicable to the real world and help thousands of people make more money. I have already got myself some GRX and intend on using the GRAYLL app regularly.
June 11, 2019
I am a veteran trader who survived the Dot-com bubble and many other gruesome trading battles, so I know a thing or two about this business. After checking out what GRAYLL has to offer, I would say that it is not the Holy Grail - pun intended - of trading software, their solution is quite interesting and even useful for those are only getting acquainted with that craft. As for whether or not to invest in this project, I wouldn’t go as far as dissuade anyone from doing it, simply because GRAYLL looks legit.
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