Bitcoin Forum

Is it true that UCHIT is a scam? I am one of those who joined their bounty campaign. I just want to verify if it really true. Makes me sad to think that I wasted much time for UCHIT then it is just a scam. I hope the mastermind behind UCHIT can be jailed.

It looks so. The scam allegations were raised a few days back and the promoters of the ICO hasn't bothered to respond to those allegations, either through the social media, or through the official website. And we need to remember that this ICO was designed by some low-level IT engineers with no prior crypto-experience in India.

I heard that this is a scam and that they said they had $16 million in sales but they only had sold tokens to 12 people for $23.

Was an obvious one really, saying they've sold millions of dollars but there's not much info about them online.

Bounty manager confirmed, Uchit is a scam project.
Their team is fake, they only sold more than $ 20 compared to the amount they informed ($ 16m).

Although it has not been confirmed yet, there are already signs that it may be a scam, so beware of their ICO.However, their deception is very low-level, I don’t think there are too many people going to be fooled.

I, as well as you participated in the bounty, and I was very upset that the project turned out to be a scam. Unfortunately, recently, a lot of projects are being scammed. We have to be very careful not to do useless work.

I'm very much disappointed in the project because I wasted my precious time doing their bounty tasks. I even wrote articles for the project, but it's rather unfortunate it turns out to be a scam. I really wish there was a way of discerning a scam project before the start of it. It's unfortunate I'm a victim, but it's more unfortunate for the investors of that project.