Bitcoin Forum

PlexCoin aims to make spending crypto very easy. They plan to make PlexCoin Visa cards, just like a normal Visa card, but this one connected to your Plex Wallet. They're also saying that if they sell everything in the presale, Plexcoin will be worth $1.75 on launch. Thinking of investing in this one.

There's several of these cards out there already so I dont see what the new offering for this is?

Also no Whitepaper yet so make sure you read it carefully before investing.

Can you list some of them?

Invest that much you can afford to loose . I can find information about plexcoin in their website only. And don't know this is scam or legal. It is better to trade on poloniex or coinbase i think.

believe me, for get about the plexcoin visa card that will be related to the non sense idea. I mean you can see the tenx, monaco and a lot of the project that has never released the card. I mean if that's in your dream and never be released in the real life or usage

I for one am 100% down with Plexcoin.. I think the majority
Of the negative feedback is mostly fueled by self serving greedy individuals that assume spreading false B.S. gives them a better chance at buying on tier #1... Pathetic what greed will drive a man to say or do..

What feedback?They haven't done anything. It's opinions and everyone can have one without any repercussions.
Monaco and TenX are both very new, PlexCoin is aiming to provide Visa cards in Q1 2018, not right now.

Ive been very successful buying in various ICO'S... Gauging others reactions and opinions to a new ICO plays
a big role in whether I buy or not. Or whether I buy large
Or small.... Along the way I've seen the constant manipulation to better thier position... I've learned it's not so much the positive feedback it's the negative that is baked with deceit.. And when I say feedback, I am referring to other individuals not the ICO itself...👍

I think I'll buy a few Plex, already registered for the pre-sale.

I don't know because every day new project is being started and most of them will be disaappered in the future.

I am not optimistic to this coin .If I want to pay my money by cards, why not a bank card?I don't think Plexcoin could promise the security of their cards safer than banks.

Probably not, but you have a direct link between cryptocurrency and payment. Sites like Amazon, don't allow payment with Crypto.
This way, I don't have to wait 5 days for my bitcoin to arrive in my bank account.

WTF where do you live when you have to wait 5 days to cash in your BTC?
There's quite a few providers out there that offer debit cards that can be loaded with your crypto and cashed out at any ATM.
It takes me a minute or to transfer BTC to card and hold cold hard cash in my hand in Australia through Coinjar.

Do you know any crypto debit cards provider that doesn't require id or address verification or have high limits? thanks

I live in Macedonia

These guys already did it and are further along with more backing and acceptance:

https://www.tenx.tech/

Regards,

c_p

I have never heard about such coin:0

https://lautorite.qc.ca/grand-public/salle-de-presse/actualites/fiche-dactualite/monnaie-virtuelle-plexcorps-plexcoin-dl-innov-inc-gestio-inc-et-dominic-lacroix-sont-vises-pa/
there's no smoke without fire. If AMF (Autorité des Marchés Financier, like a SEC french) ask something to Quebec autorities it's certainly because there is something.  TMF has banned PlexCorps, PlexCoin, DL Innov Inc., Gestio inc. And Dominic Lacroix to carry out any activity in order to carry out, any transaction on any form of investment in Quebec or from Quebec outside Quebec.
Do you really want to take risks when there are so many other ico ?  Run Away

the sale is on get them before they are gone  ;D

For me, plexcoin is an investment, so I do not pay attention to it even though I'm still registering. I first feel how important it is plexcoin. thanks

This is the first time I've heard about this project.

Almost all of the used doesn't know about this projects, where you got about this information? the projects looks nice to investing but you don't give us more information about it, will be better you give us about the link of website and any other information related with this projects, the comunity of bitcointalk will check it, is it legit projects or not.

https://www.plexcoin.com/

Thank you to all information about that, because I still have doubts about how plexcoin good in the community.

I have a 5% bonus code if anyone wants to use it email me

Plexcoin starts with the same story of any crypto money like Bitcoin  ???
good luck ::)

Is it true, why ICO or crowdfunds him, I just do not want to be confident today about Plexcoin it's hard to get the money out of it.

it is an ethereum based crytpo currency where transaction processing is 3x more faster than bitcoin blockchain it is more desirable for merchant or retail industry and on demand service where transaction speed is necessary. launching is one month to go why not try to invest some amount just enough to handle the small amount some loses who knows this is a breakthrough let's just cross our fingers.

So the site is down and no response from "the Team" , whoever the team is. The last comment was they will support paypal.

Now lets add the points:
-no Team
-bad whitepaper
-promising 1300%
-they will use paypal? Never, they only said that, To be more trustworthy
-no thread here, because they knew we were going to take the project apart
- they started advertesting and waiting list before the published the whitepaper?!?!
-big social campaign to get people without knowledge about coins, if you read the facebood comments you will notice most of the people dont know what an coin is. They only see 1300% profit

I'am not sure if they now closed the side and took the money or they will come back to grab more money. But if you think abouts this points, the only winner is plexcoin.

The reason its down is here.

https://www.reddit.com/r/CryptoCurrency/comments/6sdx33/success_we_shut_down_scam_ico_plexcoin_thank_you/

WHY WOULD ANYBODY INVEST IN THIS SCAM TOKEN, LOOK AT CENTRA TECH THERE COMPETITOR. ITS A REAL COMPANY LOOK AT THERE VIDEO. https://www.youtube.com/watch?v=i17ju6gCu3w  GUYS BE CAREFUL INVESTING INTO THIS ICO THEY DO NOT SHOW THERE TEAM FOR A REASON, NOT SHOWING THERE FACES MEANS NOBODY KNOWS WHOS BEHIND IT. THEY HAVEN'T SHOWN ANY PROOF OF CONCEPT EVEN!! THIS IS INSANE FOR PEOPLE TO HAVE INVESTED 150K INTO THIS ALREADY!! EVERYONE NEEDS TO WAKE UP!!!!!!!!!!!!!!! CENTRA TECH IS A REAL ICO AND IS SELLING OUT, BUILDING A REAL COMPANY..NOT JUST SOME SOCIAL MEDIA, THEY DONT EVEN LET PEOPLE SEE HOW MUCH THERE ICO HAS MADE IN Ethereum!!! THEY CHANGE THE CODE TO SEND CONTRIBUTIONS TO, TO DIFFERENT CODES EVERYTIME.

I guess the problem is: most people are only following plex @ facebook. Thats also the only communication channel they are providing.
Why? Because if they startet here a thread the community would destroy it.

If you read the comments at facebook there are many people thinking this is really a good thing and they will become rich.

There is a good facebook group "Plexcoin Scam". They investigeted the whole thing. That are also the prople who closed the site.

Best regards Selmor

Yes, It's hard to trust plexcoin especially ICO / Crowdfund, so I do not want to lose our money there. I hope they invest in plexcoin they will not repent.

Scam. Avoid.

Need more?

If Plex make a coin(Why would they? It is closed source paywall software), they will announce it on their website and social media. Any unofficial coin with "Plex" in it will be sued and are doomed to fail.

Edit: Also check the links in this thread. If you put money in this after all this, you deserve to lose your money

If you really want information join the facebook group "Plexcoin Scam". There you can find all information regarding scam.

99% sure it's a scam. Directed towards people on Facebook looking to get rich quick. Almost everyone wants to pay with credit card as they have no other crypto, and so far the promised CC options haven't materialized.
Said they wouldn't use PayPal then they did and quickly got shutdown. PayPal refunded all the transactions.

If it does somehow launch it will fail fast as the unknown team behind it can barely run a website let alone a cryptobank.

x2 on Plexcoin SCAM! Facebook page.

yupp, definitely a scam.  I have noticed SEVERAL random all a sudden ICOs pop up on facebook, please remember people: facebook has ZERO standards. If you pay them, they will advertise anything you want as long as not blatantly illegal or horrific.
ALL of them are scams, as REAL projects have VC funding and are already going, or come to THIS forum to ANNounce.
There's a REASON a scam team WONT come to BCT  :D  We EAT THEM :D

not really promising cause lack of information. maybe you should wait till it listed on market and track it on just to be sure.

Hey I through $50 at it who knows, one day one of these ICO's might pay off. I say play little dream big, isn't that what most did with BTC, ETH and LTC

I agree. Centra looks better to me

Is it true that he is a scam? I just did not invest in it, that's all I need to know about it.

There is a facebook group "Plexcoin Scam" . They investigated the whole topic and there are many proofs, that this is a scam. Also you can find really no information about the coin. They are only communicating via Facebook. Do your own research but iam very sure this is a scam.

https://www.weusecoins.com/bitcoin-debit-cards/ (https://www.weusecoins.com/bitcoin-debit-cards/)

Spectrocoin card is one of those that doesn't require registration/verification.

Actually I`m already registered to plexcoin during his first pre-sale. Who there is an idea of regarding plexcoin, please give details of Plexcoin goal.

The PlexCoin is a cryptocurrency (private internet currency), that has a value based on the current market. In other words, PlexCoin is an entirely decentralized open source worldwide currency, without any central authority. This means that your transactions will not be managed or verified by any traditional banking institution. Users can now control their own finances privately.
In comparison to Bitcoin (45 minutes), the transactions (deposit, withdrawal, purchase, sale, transfer) of PlexCoin are confirmed faster (30 seconds) and they have increased storage efficiency.
The PlexCoin’s new revolutionary operating structure is safer and much easier to use than any other current cryptocurrency.
It has vision to be bitcoins killer  ;D

Very good information friend.
It turns out the transaction from plexcoin is very fast and not too difficult.

I have not learned about PlexCoin.
if what you say is true, this is a problem for bitcoin.

But I have little doubt whether they will be able to survive for a long time?

I say put a little into all ICO's say $50.00 if one of them is a success you can make 100 times your initial investment, that means 99 out of 100 can fail. Only risk what you are prepared to lose, that is the name of the game.

I've invested 200$ weeks ago, RIP me :D

Well so if you want makes investing into plexcoin you must learn about it first, that was not mine i have got the information about plexcoin from their official of website, it is their vision the altcoin want to be bitcoins killer.
of course i am doubt too about it because bitcoins is the most big in digital coins than another altcoins include on numbers of comunity, capitalization of marketcap and bitcoins could survived for long time.

Regardless if its a scam or not, the idea of creating a card where you can just swipe it up and pay using your coins is a convenient way of spending it. The need to convert and have it transferred to your bank for it to be spent is being taken off by just a simple swipe. I'm not sure about the authenticity of this coin since my resources are a bit limited but i'm quite interested with them creating a card. A lot of criticisms are surrounding this coin and i for one can't help but think, is this coin really legit or what.

I don't know as i just heard it. Anyway, invest what you can afford and take some time to read the whitepaper, get more information from the official website before taking action.  :D

This is the first time I heard about this cooin. is there whitepaper or something?

I like to stay away from it. The team posted about the pre-registration about the coin in this forum link-https://bitcointalk.org/index.php?topic=2010252.0
And nothing more here. But seen some advertisement in facebook and twitter, nothing more. visited their official website they don't look promising to me.

Don't be stupid. If you want a card to spend your coins there are all sorts of different ones available and have been available for years. Who converts and transfers coins to bank account today anyway?
If you want to spend your coins conveniently, get one of the established cards like bitpay spectro tenx coinjar and whatnot.
Plex will never have a card, the people behind it are known fraudsters from Canada Dominic Lacroix and his mates. Banned from working in the financial sector for defrauding customers with all sorts of credit frauds and scams, now they've turned to crypto, but the AMF raided his office and seized the whole mailing list of the first plexcoin users, and sent an official warning out to all.

That people after all that still send money to him is absolutely unbelievable.

plexcoin? I have just heard his name, is this the best altcoin?
if anyone knows about plexcoin please explain

I don't know with this projet because i'm following another project

Do you even bother reading 3 pages of posts before commenting?
Almost everyone has explained that it's the most obvious scam if there ever was one.
At this stage anyone sending money or coins to these fraudsters deserves to pay the price for stupidity.

Never heard of it. To be honest, when I hear of such new altcoins all I think is scam or pump-and-dump. That is what most of them are. There are now over 1,000 coins and tokens, most of them, like 95%+ will die within 10 year FOR SURE.

ICO's are the new mining wars, some will succeed and some will lose, anyone whom bought miners in 2013 to 2016 will attest to this. Any ICO can fail, most will however if you get on the right one in crypto you make many times your money. So be smart invest little and if 1 in 20 make a return you will be in front!
 

Hello everyone, what has happened to Plexcoin is this, because I have no idea about it.

Another shitcoin, i guess?

It's a SCAM. See here

https://np.reddit.com/r/CryptoCurrency/comments/6mr5wg/plexcoin_the_next_cryptocurrency_confirmed_scam/

Is this true? it's good that I did not immediately participate in Plexcoin. Thanks for that information @ jules-jules.

They post daily on their Telegram "plex_live", but you're unable to post / comment or ask anything. They said they refunded everyone etc., I and at least 2 other people who did small investments didn't get refunds yet although they claim they refunded everyone. They simply ignoring our emails.

So unless that changes in next few days I'll make sure you guys know about it and then I'll jump on the accusation train and yell "SCAM"!

Got update email from Plexcoin. It restored dot com domain, released bonuses and comfirmed transactions for investors who bought PLEX using credit card during the ICO. It further announced that plex would be listed on major exchanges in days to come. What do you think???

Regretting investing into this. I didn't invest much, but a bad investment is a bad investment plain and simple.

So is there any hope of these things ever being distributed, or should I kiss my ETH goodbye on this one? Haven't heard a single thing about the project since investing. I want to believe things'll happen, but at this point, that would just be a pleasant surprise.

If it ain't a scam, Devs, throw us a bone!

Wow, missed the very last post haha.

I'm really hoping they're for real. Investors will be pleasantly surprised that they didn't get the shaft. Even if it's a losing investment, at least it could be salvageable.

Looks like the site's down again. That ain't a good sign...

Any news regarding PLEX being distributed/put on exchanges? Really holding out hope for this one, but at the very least, hoping for a refund would be great.

Anyone have some inside information? <3

Plex sent out mails recently informing ICO contributors that they are done with their To Do list and ready for launch. No new update. Concerning distribution of Plex, the coin is already live and transferable from your plex web wallet, and you are now able to move Plex to your preferred ECR20 wallet

I just found out, and it seems to be quite interesting, but if to start investing, then I see the progress first. if this is potentially good, I would definitely invest.

I will advise you hold on until the coin is successfully launched on a major exchange. There is so much scam cry around this coin and they are yet to come out clean on that. I invested in the ICO and my fund seems to be stuck due to the inconclusive state of the project, and I can only hope that they somehow launch on the market.

Yes ! Because The PlexCoin is a cryptocurrency (private internet currency), that has a value based on the current market. In other words, PlexCoin is an open source worldwide currency entirely decentralized without central authorities. This means that your transactions will not be managed or verified by any traditional banking institutions. Users can now control their own finances privately

Oh cool, I wasn't aware of that. At least we actually have our hands on the tokens now. Or, we would if the site worked, right?

Probably a dumb question, but is Plex's ticker "PLX"? Meaning it's already tradeable on EtherDelta? If so, the price ain't lookin' so hot. Hoping that once we see it on an exchange, people will be less inclined to dump.. But that'll be up to the devs I guess. Here's hopin' things turn out well.

No, the ticker isn't PLX. It is "PLEX" for Plexcoin.

I don't heard this before about this coin, and thanks for your opinion, i also want to review this.

Still doesn't exactly fix the problem of not being able to get our tokens. :'(

But thanks for clarifying, I was thinking that, but wasn't exactly sure.

Plexcoin aims to differentiate itself from other currencies through its privacy and transaction times 30 secon. It also claims to  have better storage efficiency.

Try https://www.plexcoin.com/
plexcoin.tech has been down for  a while already
i transferred all my PLX to myetherwallet and trade it on etherdelta too. its PLX there

PS: never trust any links given in forum. type it in by yourself ;)

And the price in Etherdelta is pretty low at the moment. I dont believe it will climb to 1.75 USD soon but 1/10 of it would be still profitable :)

I dont really know about PlexCoin. I think a lot of ico is now a bank based and makes such a debit card. this is great for crypto innovation from time to time the development so rapidly.

Invest only that much that you can handle if you loose it.. can't say its the safest investment here..

Late reply, don't wanna' beat a dead horse, but yeah, plexcoin.com did work and I was able to guy my PLEX out. I think I'll just hold for now, waiting for some good news for a pump maybe, then decide whether to get rid of it or not.

I'm still holding out hope for the project. Even being able to get my tokens at this point has me optimistic LMAO.

Oh and I noticed that I got a bonus amount of tokens on November 3rd. Not sure if that's for holding PLEX, or just because they've been dicking us around and want to keep us happy. But hey, I'll take it. :P

ICO bonuses were locked till Nov. 3rd.

So I just tried to withdraw my Plex and it shows 0 balance in my plex account, but on the actual ethereum address, it shows all my plex, so now it seems I can't withdraw them.

Any of you have this problem? Were you able to fix it? If so, how?

For me I was able to do a test transfer to and from my MEW and it worked fine.

Plexi is an open source worldwide currency entirely decentralized without central authorities.transactions will not be managed or verified by any traditional banking institutions. Users can now control their own finances privately

Only thing is, I sent it to Cryptopia, which shouldn't matter as I've done that kind of stuff before... And like I said, the personal address on the plex site still shows my tokens, just the plex site interface doesn't...

Which basically means I'd either need to get access to the private key for account somehow, which, good luck with that I guess... Or they'd have to hopefully re-issue my coins. The former would be simpler for everyone, but I don't know if they have access to that info and I haven't heard back from them yet via the support ticket on the site...

They are many of them these days i will advice you get it on exchange because most of them are sold below ico price when on exchange, none of them has been able to ship out their cards has promises though centra seems close.

Just 2 days ago Plexcoin surged by an amazing 9,995.95% to move from a worthless 0.000583804143 USD to reach 0.2 USD. That's remarkable, though about 5x below ICO price. I am looking forward to another surge.

At first, I was skeptical with Plexcoin. I understand all of the risks here, and I just simply put an amount that I can afford to lose. I stick with them despite several bashers and negativity surrounded them. There's even a thought that they could run away with our money.

Because of my belief with them, now they're listed in several exchanges and CoinMarketCap. I'm so happy that Plexcoin is for real. The next thing that I want to do is hold it until the price is right.

Question: Which is better? Holding it in my Plexcoin dashboard? Or withdrawing it to my ERC20 wallet and hold it?

I boight $10,000 plexcoin so hoping that it will do good to the exchanges after the sale.

Pleased to report that I did get my Plex as of, several hours ago I guess. Really weird that it took so long, unless they pushed it through on their end with the wallet. Either way, glad I got my hands on them.

It would have sucked to literally have them IN my Plex wallet, unable to have any access to them.

Always better to hold in your own wallet (but like with your pockets, if you lose it (password, keys etc), it is gone and never coming back :) )

So now that Plex is finally on a halfway decent exchange, and coins have most assuredly been distributed, what's the roadmap looking like? When will cards possibly be issued? What would differentiate Plex from say, Centra, Bankera, or already-available cards like TenX for example..?

I think everything in this project will depend on the team because there are many the same offers on the market

I am so glad Plexcoin didn't let us down.

@Mahvia. Please, on what exchanges is Plex trading?

As far as I can see the transaction volume is very low and does not have its own blockchains. I do not see any good projects. Obviously I see it as a complete waste of time.

It could be hard for some coins just like Plexcoin that is not supported directly in ERC20 wallet because it can't be easily converted into ETH and we can't easily find exchanger accepting this. Not to say it's totally a waste of time but probably it goes into nothing if ever there is no exchanger will take this coin.

Just like TenX is a waste of time? To be honest, I don't think Plex will be "the one", but projects like Centra, Bankera etc? I think they have serious potential along with TenX and whatnot.

Transaction volume is low because no one has any reason to move their coins around because the project is stagnant... Some updates from the devs would be greatly appreciated (and much needed)...

https://coinmarketcap.com/currencies/plexcoin/#markets

I have never heard of this coin before about the plexcoin. there are some similar projects that use the concept of this visa card. but I have not been informed about the differences of this plexcoin project with other projects. what does the plexcoin offer with the concept of this visa card ? I do not know yet about this.  ;).

plexcoin - a good way to invest

SEC Files Charges Against Alleged ICO Scam PlexCoin

The U.S. Securities and Exchange Commission (SEC) has filed charges against the organizers of the PlexCoin initial coin offering (ICO). Citing marketing materials that promised investors could net a 1,354 percent profit on their holdings in less than 29 days, the SEC charged Quebec residents Dominic Lacroix and Sabrina Paradis-Royer, along with PlexCorps — Lacroix’s company — with violating anti-fraud regulations connected to the ICO. Lacroix and PlexCorps were also charged with violating the requirement to register all securities offerings with the SEC.

According to an SEC statement, PlexCorps had raised as much as $15 million from the PlexCoin ICO, which began in August. The Commission has obtained an emergency asset freeze against PlexCorps while the case is litigated. Robert Cohen, chief of the cyber unit, said:

“This first Cyber Unit case hits all of the characteristics of a full-fledged cyber scam and is exactly the kind of misconduct the unit will be pursuing. We acted quickly to protect retail investors from this initial coin offering’s false promises.”

Source: Cryptocompare.com

But did they really "guarantee" anything? Seems like they just gave a high estimate as to what Plex could be worth at launch?

I guess thats the problem, they gave people too high hopes. that is misleading and SEC doesnt approve it. id say minor thing but good enough to crash the price of smthing that doesnt have a product yet. so.. best time to invest but high chance to loose everything :)

six months in prison for this amount of money is not that much
people will keep scamming

Honestly, considering that the price is now almost nothing, I think I may just hold onto my tokens. At least they may end up being worth a damn if they ever do come out with a working product...

Def shoulda' sold just a few days ago. o_o

Wish i had sold mine too few days ago..  :)

This is a dead project now, oh well next scam oops I mean ICO!

forward the possibility of a low transaction occurs because investors may be many who are hampered in than in the other ico so still a bit that have the capital to buy but hopefully better future aja and smoothly

If true this is ico scam then we harussiap with what will be terjdi, we recommend that you search the ico obviously good forward and so should be more careful to choose ico,

I honestly don't think ICO's are scams per se... It really just depends on the concept, the team behind it and so on. Many cryptos starting as ICO's could have been scams, yet here we are with many ERC20-based projects that are actually making progress, rolling out a working product and so on...

In a weird way, despite my disdain for government intervention, I think ICO's are one such area for the government to potentially get involved, only because these are projects you're investing in based on a "promise" as opposed to something you can mine, already works, has its own native blockchain and so on...

I dunno, man. Complicated for sure, but I also wouldn't make the blanket statement that ICO's are scams either...

check this https://www.sec.gov/news/press-release/2017-219

As from what I read about this project and also because of the roi that they promised their investors, I stepped away from this project. It made the impression of a scam and then the website was suddenly down if I remember correctly. I guess they set up a new one somehow. Pretty shady imho.

To be honest I've never heard of it. Oh nvm just saw the price on Coinmarketcap ... looks pretty dead to me. If the devs are not planning any serious updates you better stay away.

Regardless of whether this is a scam or not, the idea of ​​making a card where you can simply swipe it and pay with your coins is an easy way to spend it. The need to convert and send it to your bank so it can be obtained with just a simple swipe. About the authenticity of this coin because my resources are a bit limited but I'm a bit interested in them at creating a card. A lot of criticisms surround this coin and me for one can not help but think it's a real legit or something. You also need to save money for whether you need money or if you will immediately go to the bank immediately and you will get some money.

Yeah, this was pretty much the worst actual investment I made in crypto I think. Granted, I've had other losses, but the fact that this is being investigated by the SEC ain't good...

Like I said a few days ago, I wish I'd sold about last week, would have actually been at a profit compared to current ETH price but got greedy and waited... just got rid of my 5 ETH worth of coins for only .03 BTC... What a crapshow.

Sorry but the creator of the coin he is in jail , prison in quebec!  ;D
 source : http://www.tvanouvelles.ca/2017/12/08/deux-mois-de-prison-pour-le-createur-du-plexcoin
http://www.journaldequebec.com/2017/12/08/2-mois-de-prison-pour-le-createur-du-plexcoin

On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic Lacroix and $100,000 in fines against his company for contempt of court, according to Radio Canada.

https://www.coindesk.com/plexcoin-founder-gets-jail-time-fine-contempt-charge/

Plexcoin may be as effecctive as much as any other currency. With its revolutionary structure, I think it ia easy to use and may also form as an investment. Sadly, I think the creator/ author of this Plexcoin was penalized. Who knos this might be the future of crypto currencies.

I wouldn't get into Plexcoin. Doesn't seem to offer anything different compared to other cryptocurrencies. You could find a lot of cryptocurrencies that offer faster transaction time. They didn't really explain their "revolutionary operating structure that is safer and much easier to use" either.
I personally would never trust a company that projects getting crazy ROI if you go purchase their product. They are expecting people to buy this product because of the potential profits and not because of the cryptocurrency itself.

Are you getting this coin because it offers something or does it only offer the "potential" of getting big ROI? If you think that this coin will give you insane ROI, then go for it. It is a risk you have to decide yourself. But without any revolutionary use or purpose the cryptocurrency will fall flat.

Who's on this team? There is no team information on their web site, a huge red flag!!

Honestly, I think they're so cheap now that it might be worth taking a shot on, but naturally it's high risk.

My biggest mistake was not selling when it was at its peak before the SEC news came out... Lost like .15 BTC by not doing that. :(

I think this was a scam from the beginning. There was never any information about the team or involved members. Only a bad white paper promising big ROI. Their web domains was blocked several times due scam investigation. The only information feed is facebook. All bad comments will be deleted immediately. If you now read the facebook group you will notice there are still people thinking the coin will rise like bitcoin. Sorry guys but this was a scam the whole time. Furthermore, it was a really bad scam.

PlexCoin? There are too many projects of the same type as this project, such as kcash, hpy, and so on. Each team wants to make a visa card for virtual currency, but no team has actually made it.

Call me crazy, but I'm pretty sure TenX has already done this. In fact, SpectroCoin, to my understanding, has has a working crypto-based debit card for a while now. It's not seamless and works much like traditional banking, but one can spend their crypto as "cash" with SpectroCoin, I'm quite sure of that. And since TenX is already sending out cards, I imagine it's much the same? I think they only support a couple currencies though, but it's a start!

This coin is dead

Pkexcoin managed to get to the exchanges but it is still a clever scam I think. I can't get my coin out of plex wallet to the exchanges. I keep getting error messages with no details and support isn't doing anything about it. I think the error is a deliberate manipulation by the team in order to shut out most coin holders from the exchange where from time to time they pump hard and dump hard.

For me the plexcoin is easiest because it is like a Wallet visa so if I choose plexcoin. Thank you.

All should wake up now. Plexcoin was a scam nothing more. They promised things they never was able to reach. The only communication channel on facebook is idling since the 4th of December. So now forget plexcoin and start investing in other real coins. And remember if a ico sais we have 40 members but you can’t find 1 name that’s strange.

It is now obvious it was a scam. I am unable to withdraw my coins from plex wallet to the exchange or my ether wallet. I keep getting error messages that gives no specific details and the team isn't responding to my many support messages.

Pkexcoin was a clever scam.

This was really a shame. And it's a shame I had to sell my Plex way under value like the day the SEC news came out.

Any updates on the investigation? These guys going to prison by any chance? If they aren't and end up being cleared, can you imagine the price Plex could be for people who obtained them recently?

But that's the game... High risk, high reward lol

I don't think he will be cleared because this project is proving to be more of a scam. The team isn't responding to support mails. Such arrogance you can see. The best we can expect is that SEC orders them to refund investorsfund.

It really is questionable. With there questionable value in the market cap and questionable number of circulating supply. This must have been a scam or just a project that did not worked out at all. The informations were never really fed regarding the team and as well as the member. Scam like this offer great promises without any returns. You might want to check it out or do some little research. Just try looking at coin market cap and search for plexoin you'll see its figures with question marks.

That would be great, but if that were to happen, how long do you suppose it could take? Weeks? Months? Years? I guess with the government, the latter is probably more likely. :/

Yea. 1yr, 2yrs maybe.

Plexcoin project is a clever scam.

That's a hell of a long time to wait... But if someone were willing to put even a few bucks in now and take the risk, it could pay off like crazy later. That being said, I'd consider it like investing in an obvious ponzi scheme. Maybe you see a return return, or just lose your money outright... I'm sure there are some gamblers looking to take the risk.

I won't risk a dime on PLX as it is. Not with such awful support team. That is if they have any.

Plexcoin look pretty like a scam website, but they do make everything look good. I think small amount invested here could bring good profit in next few months.

Have this in mind. Cryptocurrency investing is not a solidiarity walk. It is strictly business. Plxcoin is dead, so don't sit here to try resurrecting it. If you fell for their con like me and invested much just come to the acceptance that you lost, leave plx behind and match on. That's my advice.

I wish I come to say something different here in the near future.

I agree. From the beginning the project looked like a scam. No team information and a bad whitepaper promising skyrocket prices. The only information channel is the Facebook group. The last news was on December. No infos about the jailing. But there are still people really thinking this is not a scam. Don’t know how someone can be so blind.

PLEX is dead

I seriously don't see how you can be at a profit right now. This coin is down the freakin' tubes with no real promise for the future. I've already challenged someone willing to take a gamble to pick up a few on the cheap and hope this project somehow comes back, but other than that, it's pretty much worthless now. And honestly, with projects like Bankera, Crypterium as well as Centra and all the others on the horizon, it's hard to even justify taking that gamble when some of these projects already have a product...

I suppose this project will not bring much profit in a short term. But if you are ready to keep it for several years, you can buy it. I know many investors who are looking for similar projects for an investment. But I prefer to invest in coins that will give the maximum profit in next 6 months.

Honestly, I figured the price was lower than it is now. It's insane that this crapcoin is hanging on at 5 cents USD, when there are tons of potential big gainers who are doing considerably worse. Even the current price is more than I'd be willing to pay, but that's me... Now were it a cent a token, that could be compelling...

Do your own research first....

Mine is pointing to a dismal team, and disappointing prospects and implementations for the future.  :D ;D :D

The PlexCoin is a cryptocurrency (private internet currency), that has a value based on the current market. In other words, PlexCoin is an entirely decentralized open source worldwide currency, without any central authority. This means that your transactions will not be managed or verified by any traditional banking institution. Users can now control their own finances privately.

In comparison to Bitcoin (45 minutes), the transactions (deposit, withdrawal, purchase, sale, transfer) of PlexCoin are confirmed faster (30 seconds) and they have increased storage efficiency.

The PlexCoin’s new revolutionary operating structure is safer and much easier to use than any other current cryptocurrency.

Success with buying in various ICO'S, Measuring reactions and other opinions on the new ICO drama, big role in whether I bought it or not, Along the way I have seen constant manipulation for better position, I have learned it is not positive feedback is negative which is baked with a hoax.

PlexCard can be used anywhere in the world and will be connected directly to your PlexWallet. It will give you the opportunity to spend your money in a totally confidential way. Buy yourself a trip or a new smartphone, book a flight or buy an item on eBay. Your PlexCard will follow you wherever you go and you will moreover receive a discount of up to 10% (depending on the type of card you choose) in PlexCoin on all of your purchases.

Every purchase you make with your PlexCard will guarantee you a perfect interbank exchange rate without fees. You will never have to worry about exchange rates, you will always get the best current rate. An incredible advantage and a profitable peace of mind!

There are many advantages to buying and using PlexCoin. You can now use your money without leaving any trace. Plexcoin will meet your expectations, thanks to its efficiency. Here are some non-negligible advantages that diferenciates PlexCoin from other cryptocurrencies:
PlexCoin repurchase
The PlexWallet application will offer you the possibility to purchase or sell your PlexCoin (-5%) as needed and to transfer your money in standard CAD, USD or EUR currency quickly and easily. Unlike other cryptocurrencies, PlexCoin do not need to go through a secondary market before people can have access to their cash value.
Stability
The PlexCoin is based on Ethereum's structure, which makes the cryptocurrency work the same way it was programmed, without any possibility of downtime, censorship, fraud or third-party interference. Cash can be stolen or lost, but PlexCoin will always remain safe.

Lacroix was ordered to stop the launch of PlexCoin by Quebec’s financial regulator in July, but went ahead with the ICO anyway. For that, Lacroix earned a contempt of court charge in Quebec and had his assets frozen in the province. In November, the SEC followed Quebec’s lead and filed a complaint against PlexCoin, Lacroix, and his partner Sabrina Paradis-Royer. The SEC called PlexCoin a “full-fledged cyber scam” and froze the pair’s assets in the US.

On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic Lacroix and $100,000 in fines against his company for contempt of court, according to Radio Canada. The day before, the U.S. Securities and Exchange Commission (SEC) sought extensions of its restraining order, asset freeze and order against destruction of documents by PlexCoin and its organizers, according to FinanceFeeds.

PlexCoin promised a platform that would provide the same services as bitcoin, but do so faster. "This implies a huge success for PlexCoin as soon as it launches," its website said.

Quebec's finance regulator, Autorité des marchés financiers (AMF), had ordered PlexCoin and its parent company, DL Innov, to cancel the sale. When it allegedly did not, the AMF sought and attained a court order. Last week's ruling by the superior court in Quebec follows the continuation of the offering in violation of the court order.

On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic Lacroix and $100,000 in fines against his company for contempt of court, according to Radio Canada. The day before, the U.S. Securities and Exchange Commission (SEC) sought extensions of its restraining order, asset freeze and order against destruction of documents by PlexCoin and its organizers, according to FinanceFeeds.

PlexCoin promised a platform that would provide the same services as bitcoin, but do so faster. "This implies a huge success for PlexCoin as soon as it launches," its website said.

Quebec's finance regulator, Autorité des marchés financiers (AMF), had ordered PlexCoin and its parent company, DL Innov, to cancel the sale. When it allegedly did not, the AMF sought and attained a court order. Last week's ruling by the superior court in Quebec follows the continuation of the offering in violation of the court order.

But that's outdated news. See the source: https://www.coindesk.com/plexcoin-founder-gets-jail-time-fine-contempt-charge/

The questions I am asking myself is:
1) What are the latest news? https://twitter.com/Plexcoin1/status/958033997325590530
2) And why did the price go up 95% today? https://coinmarketcap.com/currencies/plexcoin/#charts

I think that the price went up because it's still actually traded, interestingly, on Cryptopia.  I don't know the actual terms of the sale, but according to the SEC, people purchased $15M worth of these coins.  And so there is a functioning market that you can see with people selling (and buying, amazingly) these tokens - https://www.cryptopia.co.nz/Exchange?market=PLX_BTC.

What is interesting to me from a market perspective is that markets can have lives of their own, and are not always (or even much) dependent on actual human events.  The people actually behind this ICO, despite what the ridiculous whitepaper said about a huge team all over the world, apparently consisted mainly of one guy and his girlfriend in Quebec, and who has been identified as a recidivist securities fraudster (according to the SEC notice, which is according to the Quebec authorities), was fined $100,000, had his assets frozen, and was sentenced to a couple of months in jail. All of this occurred, directly in connection with this token, and yet it has a life on an exchange.  That is - not everyone has dumped it to the point of zero.  This I find interesting, and I wish I had time or many years left in my life so I could go do a couple of years of research trying to learn to what extent people will continue to trade what appears to be a zombie coin.

I don’t believe PlexCoin is a Scam, it's like bitcoin and ethereum you won't loose anything by throwing in a $100, am pretty sure you would spend the same amount on a day out You should Sign up now for the presale to save a spot and Presale is in 15 days It only take your e-mail to save a spot for presale so nothing scarry
I signed up and thats my referral link which when used increase your purchase with a bonus of 5% in addition the person that person that referred you gets a 5% as well( PlexCoin - The next cryptocurrency )
I would recommend going through the website and reading more as what I just said is just a idea of whats going on now  :)

I don’t think PlexCoin is a good investment based on:

They don’t provide any whitepaper for “confidentiality purpose” until after the pre-purchase (and refunds are only allowed within the pre-purchase)
They don’t provide any information about their dev team
The have no visa certification nor any sponsors
Also, you can read on their website many statements like:

“This implies a huge success for PlexCoin as soon as it launches.”
“Unlike other ICOs, during the pre-sale, the sooner your purchase your PlexCoin, the higher the resale value of these PlexCoin will be.” (Don’t forget that their whitepaper is not yet available).
This sounds like fish bait to me, too good to be real, especially in the cryptocurrencies world.  :) :)

I do not see you mentioned more about this coin,
I think you put up more information on roadmap, team DEV..
Coin feasibility assessments

I do not know this scam or legal, before investing make sure you read Whitepaper thoroughly. Monaco and TenX are both very new, PlexCoin aims to provide Visa cards in Q1 2018, Invest as much as you can control.

I've create a list of know facts if that information is of interest to any of you, here's the link

https://redd.it/7z91cm (https://redd.it/7z91cm)

Kind of surprised you guys were talking about this as late as mid-February, given everything that's happened with this project...

Honestly, the team didn't need to do much to avoid these legal troubles. Mainly, don't sell in highly regulated countries, and of course, don't guarantee profits to investors.

At the very least, Plex is a good example of what NOT to do in an ICO, whether you have a decent product or not...

well, they never guaranteed it and there was a condition to not live in USA...

though, I agree that there was ambiguous things and one can learn from plexcoin's errors

I wonder how it will end, but regulators have a hard time with the case.  SEC with personal jurisdiction and QAMF keep delaying ....


I still hope for a happy ending, ahah

Same!

If there were ever an argument that Crypto is a huge gamble, Plex would be it. It will either go to absolutely 0 after this whole fiasco... Or, it could 10x after they're cleared.

Still, better than a slot machine I suppose. :)

There are many coins in crypto currencies. and the market is constantly moving. One of these new coins is Plexcoin. it has become popular. I do not think investors are sad

Plexcoin is now considered to be the next evolution of its predecessors, in many forums, they talk about Plexcoin as a currency that could be a market development and soon to be used by many. And participate in the future.

... You have to be delusional. I'm not saying Plex can't succeed. I think it could, depending on how the issues with the SEC go.

But to suggest that an ICO that is under investigation by the SEC is a sure winner, is just a dangerous thing to say.

what i wonder to most is why the SEC suddenly give matter to the case AFTER the end of the ICO...

everything stop at October 13th if I recall well, then SEC filled it suit in december... if they really wanted to protect from a possible fraud, they should have done something before right? but it seem as they didn't find it was dangerous while it was selling but when it started to gain value that was a different story!

almost 2 month after is really strange for an "emergency" action

Maybe having something that looks like that of Centra Card, a project that uses debit card in its operations. I doubt these days whether you can see a project that is very unique. Anyway PlexCoin might have its unique features. You can invest in it afterall every investment has some elements of risk factors which are measurable.

I completely I agree with you @Cryptoguru274, you hardly see any project these days that is totally unique because some of them are copycat projects. Debit card incorporated projects are very rampant these days. Let us hope that Plexcoin Visa Card project will do it differently this time around. If you are thinking of investing your money in this project you can carry out due diligent operations to ascertain their level of security. However the company is not having any official whitepaper on ground for a careful study of the project. So be very careful with them.  Look before you leap! Thanks