Crypto Project Viability Checker
Evaluate BOOM DAO or any crypto project
Based on the article's analysis of BOOM DAO, this tool helps you assess if a cryptocurrency project is legitimate by checking key indicators of viability and transparency.
Project Assessment
BOOM DAO (BOOM) is a cryptocurrency that claims to power a blockchain-based e-commerce platform focused on cross-border trade within Africa. Launched in June 2023, it was designed to let people buy, sell, and pay for goods online without needing a traditional bank account. Sounds useful, right? But here’s the catch: BOOM DAO has no tokens in circulation, no real trading volume, and almost no community. If you’re wondering whether this is a legitimate project or just another crypto experiment with no substance, you’re not alone.
What BOOM DAO Actually Is
BOOM DAO is the native token of a platform called Boom, which aims to simplify online commerce across African countries. The idea is simple: instead of relying on foreign payment systems or unstable local banking networks, users in Nigeria, Kenya, Ghana, or South Africa could use BOOM tokens to trade directly with each other using their own local currencies. The platform calls itself a "super app"-meaning it wants to be everything: marketplace, payment processor, and digital wallet rolled into one.
On paper, this fills a real gap. Africa’s digital commerce market is growing fast-projected to hit $46 billion by 2027. But most platforms still rely on international payment processors like PayPal or Stripe, which charge high fees and often block African users. BOOM DAO promises to cut out the middleman. But theory doesn’t equal reality.
The Shocking Reality: 0 Tokens in Circulation
Here’s where things get strange. BOOM DAO has a total supply of 1 billion tokens. That’s not unusual. But according to Coinbase, Bitget, and CryptoCompare-all major crypto data sites-zero BOOM tokens are in circulation as of late 2023. That means not a single token has been distributed to users, exchanges, or developers. The entire ecosystem is built on a token that doesn’t exist outside of a ledger.
This explains why its market cap is listed as $0.00. Even though the fully diluted market cap (what it would be if all 1 billion tokens were out there) is around $1.09 million, that number is meaningless without actual trading or usage. It’s like claiming a restaurant is worth $10 million because it has 10,000 seats, but no customers have ever walked in.
Price Confusion and Trading Issues
Some exchanges list a price for BOOM DAO, but they don’t agree on it. Bitget says it’s $0.001092. Coinbase says $0.00047371. CryptoCompare says it’s not trading anywhere they monitor. That’s not normal. Even obscure coins have at least one exchange where they’re actively traded. BOOM DAO doesn’t. The few places that claim to list it offer no proof of volume. No buy orders. No sell orders. Just numbers on a screen.
Its price history is even weirder. Bitget shows an all-time high of $0.1096 and a low of $0.00009999. That’s a 99.9% drop from its peak. But if no one’s trading it, how did it ever reach $0.10? Likely through fake volume, pump-and-dump schemes, or speculative bots. There’s no evidence of real users ever buying or selling it.
Who’s Behind BOOM DAO?
The team behind BOOM DAO is vague. There’s no public team page. No LinkedIn profiles. No verified Twitter or Telegram accounts with active engagement. The website, boomdao.org, is minimal. It has a whitepaper-style document, but it doesn’t explain how the token integrates with the platform, how wallets work, or how merchants accept payments. There are no developer tools, no API documentation, no GitHub repository. If you’re a developer, you can’t build on it. If you’re a merchant, you can’t integrate it. If you’re a user, you can’t use it.
Compare that to real African fintech success stories like Flutterwave or Paystack. They have clear teams, public roadmaps, verified partnerships, and millions in transaction volume. BOOM DAO has none of that.
Market Position: Near the Bottom
BOOM DAO ranks #7826 on Bitget’s list of cryptocurrencies by market cap. That puts it in the bottom 1% of all coins. For context, the top 100 coins make up over 80% of the entire crypto market. The next 1,000 make up most of the rest. BOOM DAO isn’t just small-it’s invisible. There are over 7,800 cryptocurrencies with more market value than this one. Most of them have active communities, real trading, and at least some use cases. BOOM DAO has none.
It’s also competing against well-funded African fintech players. Flutterwave processed $30 billion in payments in 2022. Paxful reported $2.3 billion in peer-to-peer trading across Africa in 2022. BOOM DAO doesn’t publish any transaction data. It doesn’t even claim any.
Price Predictions? Don’t Believe Them
Some sites promise wild gains. Bitscreener says BOOM DAO could hit $0.1483 by 2035-that’s over 2,400% growth. CoinCodex says it’ll drop 25% by October 2025. Bitget’s forecast is more cautious: $0.002907 by 2031.
These predictions are meaningless. They’re based on zero real data. No trading history. No user adoption. No revenue. No partnerships. These are just numbers pulled out of thin air, designed to lure speculative buyers. Real price forecasts rely on fundamentals: adoption, usage, revenue, team, technology. BOOM DAO has none of those.
No Community, No Trust
There are no Reddit threads about BOOM DAO. No active Telegram groups. No Twitter discussions. No user reviews on Trustpilot or CoinMarketCap. If a cryptocurrency has even a small user base, people talk about it-good or bad. You’ll find complaints, memes, tutorials, debates. BOOM DAO has silence.
That’s a red flag. A real project, even a flawed one, builds a community. It gets feedback. It evolves. BOOM DAO has been live since June 2023. Nearly two years. And still, nobody’s using it. Nobody’s talking about it. That’s not a sign of early-stage growth. It’s a sign of failure.
Should You Buy BOOM DAO?
Short answer: No.
Buying BOOM DAO is not an investment. It’s a gamble on a project that doesn’t exist yet. You’re not buying a token-you’re buying a hope. A hope that one day, someone will start using it. A hope that exchanges will suddenly list it with real volume. A hope that the team will release actual software. None of that has happened.
Even if you believe in the idea of African cross-border crypto payments, there are better ways to bet on it. Look at projects with real traction: Paxful, BitPesa, or even stablecoins like USDT being used on mobile platforms in Nigeria. They have users, volume, and transparency.
BOOM DAO offers none of that.
Final Verdict
BOOM DAO (BOOM) is a cryptocurrency with a promising concept but zero execution. It has a total supply, but no circulating supply. It has price listings, but no trading. It has a website, but no community. It has a launch date, but no progress.
It’s not a scam in the traditional sense-there’s no evidence of theft or fraud. But it’s also not a functioning product. It’s a ghost. A digital placeholder with no users, no value, and no future unless something changes dramatically.
If you’re looking to invest in crypto that serves African markets, skip BOOM DAO. Look at projects that are already moving money, not just talking about it.
Is BOOM DAO (BOOM) a scam?
BOOM DAO isn’t a confirmed scam, but it has all the warning signs of one. It has no circulating supply, no trading volume, no community, and no verifiable team. A legitimate project would have at least one of these. Without them, it’s best treated as a high-risk, low-probability experiment-not an investment.
Can I buy BOOM DAO on Coinbase or Binance?
No, you cannot buy BOOM DAO on Coinbase, Binance, or most major exchanges. While Bitget lists it, there’s no evidence of real trading activity. Even on Bitget, the order book is empty. Most platforms, including CryptoCompare, state the token isn’t trading anywhere they track.
Why does BOOM DAO have 0 tokens in circulation?
The project has not distributed any tokens to users, exchanges, or wallets. This could mean the platform isn’t ready, the team is holding all tokens, or they never intended to launch a real product. Either way, without circulating supply, the token has no economic function.
Is BOOM DAO used for African e-commerce?
There is no evidence BOOM DAO is used for any e-commerce activity. No merchants, no users, and no transaction records have been published. The platform claims it’s meant for cross-border trade in Africa, but without real adoption, it remains a theoretical idea.
What’s the current price of BOOM DAO?
Prices vary across platforms: Bitget lists it at $0.001092, Coinbase at $0.00047371. But since there’s no active trading, these prices are meaningless. They’re likely based on artificial data or historical snapshots, not real market activity.
Can I mine or stake BOOM DAO?
No. There is no mining or staking mechanism for BOOM DAO. The token’s blockchain details are not publicly documented. Even if you wanted to participate, there’s no infrastructure to do so.
Is BOOM DAO linked to any African government or bank?
No. There is no public record of BOOM DAO being endorsed, partnered with, or regulated by any African government, central bank, or financial institution. It remains an independent, unverified project with no official backing.
What should I do if I already own BOOM DAO?
If you own BOOM DAO, treat it as a lost investment. There’s no way to sell it meaningfully, and no platform supports withdrawals or transfers reliably. The best course is to accept the loss and move on. Avoid putting more money into it.