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Hello, On May 21st our Tokenlion platform calculated that Medicohealth has gained over 32 thousand new followers on Twitter, but just 5 new subscribers on Telegram. Because of this enormous difference we inspected their Twitter account. What we found wasn't really great - the huge majority of "new" followers are actually low-quality fake ones. How could we tell? - No profile pictures - No descriptions - No tweets - The same amount of followed accounts on different Twitter accounts or really similar numbers. Only a handful of accounts were legit and real people who were interested in this ICO, or cryptocurrency in general. Not only that, but they have created their Twitter account in February 2018 and already have 63.6K followers. Compared to the number of following, their user activity or engagement isn't high We have also spotted enormous fluctuations - from May 7th to May 8th they have lost over 12K followers in 24 hours. From May 11th to May 12th they lost 26,874 followers. And all of this happened on Twitter. Since May 1st up to this day, they have gained just over 190 subscribers on their Telegram account. Compared to Twitter, it's nothing but a great indication of cheating the numbers. We have also found 2 Advisors who are Experts on ICO Bench (Ivo Grlica, Simon Cocking). Link to the full review of MedicohealthWhat do you think about ICOs or Cryptocurrency projects that buy huge amounts of followers? Do they do it just to look good? To attract naive investors? |
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Spotting red-flags are a good thing but I think not letting them launch an ICO in the first place is the best way to avoid billions of dollars being lost by investors. If all of the countries or even just the target countries have some kind of ICO regulation that will take place, this would prevent all the scammers and fraud artist entering the market. This criminals also have gone digital and is obviously taking advantage of the lack of regulation globally, we cannot really prevent this scams but the most effective way is by regulation.
G20 has something prepared regarding ICOs and if those regulations will be applied - maybe something will change for the better. True, it would be best to stop fraud ICOs before they even start but that's a huge amount of work. |
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Over $1 Billion Lost to Sh*t Projects or How to Spot Red-FlagsWe all probably know the number of crapcoins, shitocoins and other matter-coins floating around in the crypto air. The Wall Street Journal says that the number of scammy and shady projects could be greater than in the early days (well, it’s not a surprise) by claiming that it estimates to around 200 projects. Apparently, the Wall Street Journal analyzed over 1,450 tokens and found 271 ones which raised some red-flags. What are the red flags for most crypto/ICO Projects? - Ponzi Schemes
- Vague aims and values
- Website designed like no one cares about it
- Glitchy web applications (not always a red flag)
- Promises of huge ROI
- Good ol' stock images or really bad quality ones
- Poor/weak whitepaper
- Plagiarised whitepaper
The funny thing is that some projects were so reckless or ignorant that they left content pieces from original whitepapers and didn't even bother to change the names. Link to the original articleWhat are the red-flags that you look out for?
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Why Crypto Hasn't Gone Mainstream YetAfter a decade of trading and a market cap in hundreds of millions, it?s not yet clear ? will cryptocurrencies like Bit[Suspicious link removed]ver to the mainstream use? One factor that could make or break a cryptocurrency is the ability to outgrow its FinTech image and put on some real economy clothes. It depends on consumers who decide whether or not to adopt cryptocurrencies as a payment method. Sadly, they are still vague when it comes trading fiat money for the cryptocurrency. Also, some high-profile people are pessimistic on this idea of cryptocurrencies. A Nobel Prize-winning economist Robert Shiller (no pun intended) compared cryptocurrency with the Dutch tulip mania. On the other hand, Myron Scholes, another Nobel laureate, is taking part in the development of a low-volatility cryptocurrency Saga (SGA). So, why cryptocurrencies aren?t mainstream yet?1. Difficulties Spending 2. Poorly Understood 3. Volatility! 4. Legalities and other Regulations 5. Illegal Activities 6. Bitconnect! 7. Unregulated 8. Not a Commodity, not a Currency 9. Media Influence 10. Learning Curve These are just the main outlines. If interested, you can find the full article where each point is commented in detail here:http://tokenlion.net/blog/post/117/10-reasons-why-cryptocurrency-isnt-mainstream-yetWhat is your opinion on this? What are the reasons YOU think Cryptocurrency is not mainstream? If you had any crazy stories with crypto, let's hear it! I guess the article had defined "mainstream" differently; when I say "mainstream" I don't refer to how accepted it is or how many sheep are using it, it's called "mainstream" simply because it has already made it's way out of the underground. I therefore conclude that cryptocurrency is already in the surface of mainstream because you can see it on facebook and even on tv. True, it might be "mainstream" in that way (Facebook, TV, News) but it's not really mainstream in the financial spectrum. And I believe that crypto has a long way to go through the hurdles of regulations, acceptance and avoid bans in some countries. We're getting there! |
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Tokenlion Report on Token ChangerToken Changer Project overview page: http://tokenlion.net/icos/info/391/token-changerReport:Looks like they have an MVP ready for action. Token Changer is a platform for decentralized financial applications or DAPPs in short. They don't really solve a pain for the consumer, but they are aiming to become a marketplace of DAPPs for financial applications that should be easy to use. We can say that this ICO isn't something extraordinary or revolutionary but it will certainly bring a marketplace that is user-friendly, and from our own experience we know that some of them might be a real pain in the rear. Followers:Token Changer appeared on our Social Media Top 10 on May 19th with 1,6K followers gained over the last 24 hours.  Their twitter account faced some losses but it looks like they have recovered. The telegram channel has been growing since the listing on our platform and it doesn't show any signs of stopping.  |
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Hello guys, DateCoin has raised our suspicion lately. Their follower count just spiked without a reason. Here you can take a look at the charts of their social media on our tracker: http://tokenlion.net/icos/info/152/datecoinA really abrupt change in their Follower count. And most of them look like bots.  Also, we have made an in-depth analysis of the ICO and their follower count: http://tokenlion.net/blog/post/132/datecoin-analysis-%E2%80%93-massive-spike-in-followers-and-admin-admits-they-are-botsToday (2018 May 17th) we have noticed something strange, something out of the ordinary – our Social Media Top 10 tracker, which is updated every 24 hours and display a change in followers from the day before, showed us that DateCoin gained over 71K followers in 24 hours! This was at the time of the analytics stopping, around 9:30 AM GMT, and at the time of writing this, they have reached 100K telegram followers – approximately 30K more in 6 hours. |
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A crypto exchange with zero trading fees. Launching Next Month.
Looks like there are plans for an upcoming cryptocurrency exchange to use the new Nasdaq technology. The new centralized cryptocurrency exchange “DX” will use a technology provided by Nasdaq, says CEO of the project Daniel Skowronski. He calls the new crypto exchange the one stop shop for “exchanging fiat and crypto, holding coins and as well as wallet services.” Link to the article
What do you think? Will this new and centralized cryptocurrency exchange be attractive to folks who want "Regulated exchanges"?
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Im not sure cryptocurrencies will be mainstream as a spendable currency.
There is a good chance it will become mainstream as a technology.
As a spendable currency it has limitations as pointed out in the OP and I
wonder do we actually want crypto be be mainstream as a currency?
Would it be negatively impacted?
I'd like to see a future where people can choose between two alternative payment options - fiat or crypto, on the spot. It should be convenient from the first look. |
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Why Crypto Hasn't Gone Mainstream YetAfter a decade of trading and a market cap in hundreds of millions, it?s not yet clear ? will cryptocurrencies like Bit[Suspicious link removed]ver to the mainstream use? One factor that could make or break a cryptocurrency is the ability to outgrow its FinTech image and put on some real economy clothes. It depends on consumers who decide whether or not to adopt cryptocurrencies as a payment method. Sadly, they are still vague when it comes trading fiat money for the cryptocurrency. Also, some high-profile people are pessimistic on this idea of cryptocurrencies. A Nobel Prize-winning economist Robert Shiller (no pun intended) compared cryptocurrency with the Dutch tulip mania. On the other hand, Myron Scholes, another Nobel laureate, is taking part in the development of a low-volatility cryptocurrency Saga (SGA). So, why cryptocurrencies aren?t mainstream yet?1. Difficulties Spending 2. Poorly Understood 3. Volatility! 4. Legalities and other Regulations 5. Illegal Activities 6. Bitconnect! 7. Unregulated 8. Not a Commodity, not a Currency 9. Media Influence 10. Learning Curve These are just the main outlines. If interested, you can find the full article where each point is commented in detail here:http://tokenlion.net/blog/post/117/10-reasons-why-cryptocurrency-isnt-mainstream-yetWhat is your opinion on this? What are the reasons YOU think Cryptocurrency is not mainstream? If you had any crazy stories with crypto, let's hear it!
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It must be a nightmare to break in! It's a good solution to those who keep looking at their portfolio every hour. Now you put your hodlings underground, and that's it, wait out a couple of years (hoping that the facility won't close down) and enjoy some good money.
Still, it's aimed towards big fish, institutional investors and overly paranoid people, haha.
Mission Impossible - Xapo Heist.
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$10 Billion Worth of Bitcoin Stored in Underground VaultsNumerous investors are storing their Bitcoin in underground vaults all over the world to prevent the assets from being stolen. This appears to be the most hardcore “hodling” ever recorded. A company based in Hong Kong – Xapo – provides Bitcoin wallets and cold storage services. The company holds nearly $10 billion worth of Bitcoin in its vaults, Bloomberg states. Taking a look at the numbers, it’s about 6% of the current market cap of Bitcoin, and it belongs to a single entity. This makes Xapo one of the biggest crypto storage services in the world. Link to the article: http://tokenlion.net/blog/post/122/extreme-hodling---10-billion-worth-of-bitcoin-in-underground-vaults
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