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Read the original article at https://shitcoinoffering.com/african-kids-aks-663-million-bucks-scam-sto-bolton-coin/

https://i.ibb.co/8s68kR5/bolton-coin.png (https://ibb.co/pwJXqsz)

The fraudsters are already into new hype – STO. Learn how to check these startups for inconsistencies with legal norms.

 

STO (Security token offering) right now is called the only right solution for startups on the Blockchain. After all, ICO (Initial coin offering) already pissed everyone off with their idle mess and super high probability of scam.

 

In a nutshell, why STO wins over ICO in investors’ money safety. STO is tokenized securities. And buying them, you become the company shareholder. This is not an ICO, where the shitcoins could only generate income due to speculation on the stock exchanges. In all other cases, these were chewing gum wrappers with doodled Lambos. You eat gum and left a  wrapper. But it will never be real Lambo.

https://skladchik.com/attachments/1312-gif.218937/

With proper investment in STO, the chances for Lambo are bigger. And in the case of the fraud from startups' founders, pretty authoritative offices will mediate for you like SEC (US Securities and Exchange Commission).

But there are a few “but”:
- You can't invest in STO if your annual income is less than 200 thousand bucks
- You don't have $ 1 million bucks worth of real estate.
- Your organization doesn't own assets for 5 million bucks

That is why, dear schoolers, giveaway-guys, and unemployed cryptoshitters, in  STO there's no chance for you.

So does it mean that shitcoin era over? Long live transparent and honest Blockchain?

Judging by STO Bolton Coin https://bfclcoin.com (https://bfclcoin.com) —  no fucking way:)

https://forobits.com/uploads/default/original/3X/b/3/b38fd3fb065743499eb9841138e7c90280c22fff.gif

Let's start with the fact that Bolton Coin is a subsidiary of Bolton Holdings Limited. Here is their official website. You won’t understand shit from it, except that the guys are based in Dubai. And they have a very odd email address.

https://i.ibb.co/LvC0wGC/african-16.png (https://imgbb.com/)

Another Bolton Holdings in the Bahamas.

https://i.ibb.co/LC5R549/african-10.png (https://imgbb.com/)

And in Wales.

https://i.ibb.co/nQLYftB/african-18.png (https://ibb.co/1RmPKjM)

As for Bolton Coin, the website is located in Switzerland. The company that produces tokens is registered in the Cayman Islands.

https://i.ibb.co/L6rQ64M/sdfsdfsdf.png (https://imgbb.com/)
https://i.ibb.co/syTNTYm/african-14.png (https://imgbb.com/)

Let's agree that all this looks too odd for a company that decided to obey the laws and make investors happy?

https://www.youtube.com/watch?time_continue=59&v=3BBJejtwNUE

From this video, you absolutely can't understand what the company offers. Brokers, calls, stocks - everything and nothing in particular. But the first screen of the landing page shows us that the startup has collected some long money.

https://i.ibb.co/L6rQ64M/sdfsdfsdf.png (https://imgbb.com/)

And you need to hurry up to jump into the outgoing train. Just look at this calculator of pure happiness. From my experience, that this is a strong indicator of a scam project. A common thing for shitcoin startups.

https://i.ibb.co/5sF9cZ9/fdfsdf.png (https://ibb.co/7r4zyhz)

According to the economic model (like many other things, you can find it in whitepaper), the startup founders say that they have found the best and most cost-effective conditions for miners (we already heard this somewhere). And STO doesn't hold for citizens of China and the United States.

http://66.media.tumblr.com/fab2a15f99dd975c42432218695533d4/tumblr_mubr7sCFak1sw63pwo1_500.gif
https://i.ibb.co/B3rBZcz/african-7.png (https://ibb.co/YQyhkPR)

Stop! Such formulation tells us that this is not the STO we mentioned at the beginning of the post. It turns out that here everything is written in water, and hit up lemmings won't be able to prove anything later. LOL

https://i.ibb.co/rktXCD5/african-8.png (https://ibb.co/Q9cx2yY)

Bla bla bla. The reward for spam, loud statements about smart, cheap, and stable things. My God, there isn’t a single sentence without a scam stamp!

 

And yet, Bolton Coin outlined 3 areas they will make money in. The first is real estate. The guys claim that the market continues to grow, and they know where to invest in. And in general, they will earn all the money in the world because they will pay for real estate in cryptocurrency. That’s it. It turns out that a room in Manhattan costs more if you pay for it with XRP:)

 

The second area is mining.

https://i.ibb.co/ZLThWgh/african-17.png (https://ibb.co/6ns4gt4)

The guys drew a picture but forgot that to mine crypto in a bear market is not very profitable. But just like the scammers from Swiss Alps Mining, this doesn’t stop them. They claim to have the most advanced knowledge of energy saving, video card cooling, and other stuff. Of course, without any clarification. Why, if they will find losers anyway?

https://shitcoinoffering.com/wp-content/uploads/2019/02/38vvEEe.gif

The third area is mining in Africa. Now 10-year-old kids will go into the mines to get cobalt under the supervision of AKs engraving with Bolton Coin name on them. This wasn’t in the whitepaper. But there is no additional information. Just everything we already knew: cheap labor, resource-rich land, and so on.

https://i.ibb.co/qxHDbFZ/african-19.png (https://ibb.co/GFZdg3h)

In total, guys want to collect 663 million dollars. 30% of the total amount will go to every of the three areas. The remaining 10% is for other expenses.

https://i.ibb.co/QKHRrCv/african-15.png (https://ibb.co/4VSGPYR)

For investors, there are three options for doing business. It looks like a deposit in a bank —  the more you hodl, the higher the percentage of accrual.
https://i.ibb.co/PtjQxLv/african-6.png (https://ibb.co/vDqY1F6)

And here they draw the California dream of hustling.
https://i.ibb.co/KzC3Pdn/african-5.png (https://ibb.co/PzBfLKk)

But how the fuck cryptocurrency is related here? Why is there a Blockchain? It looks like the prospector are going to Alaska, and the whalers are going after Moby Dick and collecting money for these expeditions. So how does this fucking mess differ from other ICOs?
https://i.ibb.co/rMB86Vg/african-4.png (https://ibb.co/BjhWZ9m)

Looks like there’s no difference at all. And this is not an STO but a big fat scam. If you didn’t have enough of the previous arguments, look – this is how the project founder’s LinkedIn profile looks like.
https://i.ibb.co/tJRLM84/african-9.png (https://imgbb.com/)

An Instagram account is also deleted. Only facebook account works. And most likely was created for the start of the project.
https://i.ibb.co/WcjzFK8/african-11.png (https://ibb.co/RCd6PHr)
The other team members have same story. The former COO, for example, didn’t even mention relation to Bolton Coin. But we can guess the nature of his activities — something in between Drake and Godfrey.
https://i.ibb.co/rpMVpdh/african-13.png (https://ibb.co/Sm0zmfg)

The Chief of Advisors and the Chief Legality Business worked together on the already dead UMC project.  Interestingly, how many people were hit up for money there?

And finally, attention please, telegram channel of the project that collected almost 100 million bucks and plans to collect another 500. This is the STO we deserve.
https://i.ibb.co/jvkLD0G/african-12.png (https://ibb.co/MDkR7wp)

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What makes you so sure this is a scam project? I see some red flags too but that probably accounts for most crypto projects. In this case I see a real company behind this project where most ICOs have zero business experience.

So what made you come to that conclusion? After reading your review I noticed most of the analysis is based on assumptions instead of hard facts...don't get me wrong, I think it's good to warn investors from potential scams...

I just don't see it here yet...but looking forward to hear your point of view.

There is not even any difference. From the perspective of an investor, I will not invest my money even if there is even a single red flag. These "soft facts" are enough.

Here BOLTON Coin OFFICIAL REPLY

Valued Customers, Shareholders,

Dear All,
We have recently been informed that a small unknown blog posted a defamatory post about the Bolton Coin project and some of the people involved in the Project. The blog post is completely false and totally outrageous.
The author of the blog post is unknown, they have not provided any of their details, so we cannot even respond to the allegations.
If one is being accused of any wrongdoing, it is normal that the accused is provided an opportunity to explain. We are not able to do so, as the cowardly author of the defamatory blog post is hiding behind an anonymous screen name.
On the contrary, each of the professionals involved with the Bolton Holding Group maintains an open LinkedIn profile, where they clearly identify themselves and can be contacted by any person.
Neither, myself, nor any of my team members have anything to hide.
Now, to address the content of the Article:
Firstly, the allegations are so outrageous, that anyone with any common sense will see through that;
Secondly, the author of the blog post mentions several legal entities that are in no way related to the Bolton Holding Group;
Moreover, the author of the blog post is using some old and irrelevant information to come to a conclusion that Bolton Holding Group is not a legitimate project.
Before coming to any conclusion, please ask yourself:
Would an illegitimate Company receive a pre-approval from the UAE Central Bank for a banking license?
 Would an illegitimate Company openly and proudly hold a launch event for its Foundation, hosting local and international media, business community as well as members of the Royal Families?
Would an illegitimate Company have a presence in multiple jurisdictions, including licensed and regulated entities?
The answer is be obvious.
The reputation and the good name of Bolton Holding Group is something we are proud of, but we also must be mindful not to give legitimacy to the empty and outrageous allegations. Therefore, we will not publicly address the defamatory blog post.
We are continuously working on improving the project and we are launching a updated website, updating the Business Plan considering the current economic realities, detailing the milestones reached to date, and updating the road map for the next 24 months. We have an exciting road ahead with a lot of work and business challenges to handle, we cannot allow ourselves to be distracted by some anonymous blog post that is making ridiculous and outrageous allegations.
We look forward to keeping you updated on the progress and we thank you for your continued support.

Dr. Roberto Diomedi
President and CEO, Bolton Holding Group

if here is problem with Transparency & "Fake team", this is youtube channel - https://www.youtube.com/channel/UCvuB4ZrgOp5BgEVCpB1JqWg

and if here is Italian person (trusted) can give us information about this team.

in my country Linkedin is New, and on linkedin is only 0.06% of georgian people. and for me New Linkedin profile issnot Big allert.

i dont know about future of Bolton coin, and holding, but  i like all team with Transparency.


i want to join in bounty, but its risk for my trust?

When you start off attacking the whistleblower, it never looks good.  Just saying. 

I agree, not that I'd ever invest any money in these things anyway, even if there were no red flags visible.  With the number of scams going on in the ICO space, if there's even a hint of dishonesty you should run away as fast as you can from the project.

Leaving this here just in case - BOLTON STO IS NOT SCAM !!! (https://bitcointalk.org/index.php?topic=5108127.0)

I just found this thread so thought I would post the link here. Seems like someone here is willing to defend the team and posted screenshots of the same message by the admins posted on their telegram. No surprise here since the scam initiator has to keep his koolaid crew brainwashed in order to keep control over the money coming in.

No idea how the OP of that thread is related to the scam ICO team but since they are wearing their signature probably they are a bounty participant and thus their blood saturation of koolaid is very high.

Interesting fact about their company in the Grand Cayman Islands.

There are many other companies (and few people) registered on the same address (links below).
This one, for example, is registered with the U.S. SEC in 2018 -  mailing and the business address is the same as BoltonCoin

http://www.icoethics.com/imgs/other/sec.jpg


Source:

http://pdf.secdatabase.com/1136/0000919574-18-002571.pdf
https://www.sec.gov/Archives/edgar/data/1481026/000091957418002571/xslFormDX01/primary_doc.xml



http://www.icoethics.com/imgs/other/add1.JPG


Other business and people with the same address:

https://opiria.io/#whatIsPdataNav
http://www.realthium.com/
https://etherscan.io/verifySig/1174
http://www.hmscayman.com/contacts/
http://flagcayman.com/contacts/
https://www.locatefamily.com/Street-Lists/Cayman-Islands/index-110.html
http://laws-in-force.judicial.ky/pdf/Current/P/83.pdf
https://www.nsx.com.au/ftp/news/021734552.PDF
https://www.offshorecompanycorp.com/structure
https://www.bloomberg.com/quote/HBMPNHC:KY

Nice find @ICOEthics. Something so fishy about this so called STO. They will be put down very soon once and for all.

The "Daily Payouts" gave it away from what it looks like they are more like a cloudmining website/HYIP site rather than a company with a STO. The payout rates are similarly structured on the past cloudmining websites I have seen. STOs are like stocks of a company and dividend payouts don't go often as much to become a "daily payout", with a promise like this companies won't last with their profit sharing method which is the biggest red flag that this is a scam.

Thanks mate! Good job :o

Before you come up with accussations of that kind of gravity you should at least be able to get basics of the company right that you are covering. Instead you simply throw a bunch of similiar sounding but not related companies together and make connections when there are none. This whole things appears to be fabricated. May I ask how much time did you spend on this review and more importantly, has this been a paid review? That would explain a lot here.

Boy did you even read the other posts before you even come up with this statement? What more could you ask for aside from them using a fake address which have been used by other "companies" as well as having unbelievably high payouts? Aside from that they haven't shown any proof that they have physical mining hardware in any part of their marketing, does that not feel strange to you? If it isn't strange to you, you among all people would be likely be a frequent victim of this kinds of scams.

Great research work mate..  I realized they were spamming in telegram channels to promote their SCAM ICO.. when i asked in their channel about this spamming, they just banned me. Summarizing i trust 0,0% this project.

http://cliparts.co/cliparts/5TR/KaA/5TRKaAyjc.png

Thanks for pointing this out guys!
The project already seemed pretty fishy to me as well.

Thanks for your comment :)

I thought the team was going to be more serious and provide more evidence against this accusation.
The team can be real, but what about the rest? such as explain about their address in the Grand Cayman Islands.

They did not even contact me in Telegram or other media... I can see there only 2 reasons:
1. They don't fucking care about negative news.
2. They don't fucking care about all.

Thanks for your response!

Do you have any proof that this is a scam or is this just another fud campaign to smear a competitor?

Hello guys
I really don't understand why it's so difficult to understand that this STO has the possibility to break the market.
Its obvious that someone is just trying to discredit on purpose

Hello Bolton Coin Team,

Thank you for posting your response to the community.

Can you please provide valid evidence of your company existence at the address at the Grand Cayman Islands - as posted on your website?

As we posted links to documents on previous post, there is already a company registered with the US SEC at that location + many other companies are also using the same address.
The certificate that you presented doesnt mention anything about that location.

Thank you.


http://www.icoethics.com/imgs/other/add1.JPG

That's because even legit project can run away, we should scrutinize all existing ICO not only to protect you from promoting scam project but investors as well because they are ruining this business stop being an idiot and defending let them defend themselves or are you part of the team?

They have defended themself. Just go back a page. But no one seems to care to read it, not even the original accuser. I think it is time to react to this after several days being posted without any response.

Hello, I took a look at the answers. So I can say that it was answered just YES or NO without any proofs. Founders could say everything they want but where are attached materials? And I'd like to see an answer to ICOEthics question.

For everyone, if you are trying to show your profiles in LinkedIn and some registration documents, and say that you are not a scam - please, don't. Enough of this bullshit.

We have a very clear definition of what a scam is - it is an event (company) aimed at misleading someone (investors) in order to obtain an undue advantage.
A project can become a scam along the path of its development, for example, if I saw that there is no development, but there's investor cash - why don't you keep quietly to yourself? Or initially, when the project doesn't plan any development and the task is to depict vigorous activity shoving investor's cash in the pockets.

The company may have ALL documents. And even some licenses, IDK. But if we consider that the project is a scam (the definition is above), then we try to prove our point of view reasonably.
If the audience, for some reasons, listens to ANONYMOUS worthless, coward bloggers no one cares about but not to the GREAT luminaries of the business that lead them to the future and millions of bucks then it's probably worth making some conclusions.

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I am African, and honestly until today I can not understand how Africans think... it's something very difficult to understand. Africans are very corrupt and greedy and can sell their own homeland for their own benefit, if any scammers go to Africa easily managed to corrupt an African government. Something very sad.


Look at this project which seems to be another shitcoin we'll see in the coinmarketcap

This is inhuman, from 5 million to 100k (more than 95%)


This time the bounty participants become a victim, tomorrow, who? Investors ...

Warning for all everyone, be careful with Bolton Coin.

The team is not honest changing the rules and direction for the disadvantage of bounty hunters, they have little regards to bounty hunters they looked down on bounty hunters, investors should think twice before investing on this project.

This project definately is scamming their bounty participants. I just got banned from their Telegram account for pointing out that their math is not accurate.

It's typical behavior of scammers. I tried to share my reviews to scammers Telegram chats and they immediately banned me instead of asking questions or providing some proofs...

Glad I came across this topic, even if the title is somewhat sensationalist. Notably BountySuite.io is still listing this bounty (https://bountysuite.com/bounty-programs/boltoncoin.html) with the 5m token bounty allocation, despite the 95% reduction to 100K as mentioned above, and that the bounty closed 3rd (https://bitcointalk.org/index.php?topic=5090956.msg48951425#msg48951425). It sounded to good to be true with the $5m bounty allocation, as if all the participants can become rich overnight ::)

no update on there website  i got banned from telegram with 2 accounts for a normal question than they delete my ban than i got banned again lol no update on twitter too