Project ANN:
https://bitcointalk.org/index.php?topic=5142574ANN creator:
expiWebsite:
https://expi.world/Flag:
https://bitcointalk.org/index.php?action=trust;flag=280Why its (most likely) a scam:The Expi project is a copy/paste of a previous ICO called
Experty. It lifted the entirety of the former project without crediting it in any way. In addition, it has no team members mentioned anywhere on the website or in the ANN thread.
The Expi white paper plagiarizes the Experty white paper in an almost word-for-word fashion, however, in certain areas they did apply a text spinner (which makes it almost nonsensical) . For example, from
the Expi white paper:
A decentralized solution means the possibility of integrating into a variety of third party services, already containing large user bases, which can allow creators or influencers to make additional profit using our platform. This approach is a lean and environment friendly goto-market strategy given that we will now not need to reach out to persons one-by-one to create the desired community effect. Instead, we can be counted on an present set up person base.
From
Experty white paper:
A decentralized solution means the possibility of integrating into a variety of third party services, already containing large user bases, which can allow creators or influencers to make additional profit using our platform. This strategy is a lean and efficient go-to-market strategy since we will not need to reach out to individuals one-by-one to create the desired network effect. Instead, we can rely on an existing established user base.
Example #2. Expi:
To start the conversation it is necessary for the caller to provide enough funds for at least 30 seconds of the call. The recipient sends the EXPI addresses of both parties, his minute rate, call identification and other conditions of the exchange to the caller during initialization of the call. The on-chain transactions take place via the EXPI blockchain.
Experty:
The caller must first provide enough funds allowing for at least 30 seconds of the call in order to initiate the conversation. During initialization of the call, the recipient sends the exact conditions of the exchange to the caller, including the recipient’s minute rate, call identification, and the Ethereum addresses of both parties. The on-chain transactions occur through our Ethereum smart contract, known as the operations contract (OC).
Example #3. Expi:
A decentralized solution means the possibility of integrating into a variety of third party services, already containing large user bases, which can allow creators or influencers to make additional profit using our platform. This approach is a lean and environment friendly goto-market strategy given that we will now not need to reach out to persons one-by-one to create the desired community effect. Instead, we can be counted on an present set up person base. EXPi allows absolutely everyone to quickly and at once monetize their time or content material beyond what they were at first succesful of. This is efficient for both the provider and the receiver.
Experty:
A decentralized solution means the possibility of integrating into a variety of third party services, already containing large user bases, which can allow creators or influencers to make additional profit using our platform. This strategy is a lean and efficient go-to-market strategy since we will not need to reach out to individuals one-by-one to create the desired network effect. Instead, we can rely on an existing established user base. Experty allows anyone to quickly and immediately monetize their time or content beyond what they were initially capable of. This is efficient for both the provider and the receiver.
When pressed on why they had no team and how they could feel comfortable stealing another idea, the expi account had this to say:
Before showing the team members we have a difficult way to register a company in Estonia. View WhitePaper WP Etherium and Tron and you can also say that Justin Sun from Vitalik Buterin. Believe me, our team did not work on this project. If you knew the cost of developing this application, you would not be talking about the fact that we had enough money to hold an ICO and do everything professionally. In the world of cryptocurrencies you have to survive. Gone are the days when any idea seemed futuristic. Our main task is to make increase coin consumption as much as possible inside our app.
Finally, this project has employed a bumping service to bump its thread on a daily basis since it was created. In my experience, this type of service is nearly always an indicator of a scam or at best a mediocre idea with no real long-term plans of success. Accounts belonging to the bumping service include.
Bugatti73
Buzlov
esofelap
Fomin-oilL
Godyae
Irina1999
Katrin_Veron
Sapchene
Sawras
Valeriiko
VerDinr
John_Silver
gaerisk
DjonSnou1
Gubkat
Susany
Namven
gaerisk
Umka.Beliy
In summary, based on the criteria of having:
1. a plagiarized white paper
2. no team members
3. hired a bumping service known for bumping scam projects in the past
I believe it is extremely likely that this project is a scam, and potential investors should be forewarned.
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