[ICO]

TokenPay is a SCAM. Here are the facts:

1. ICO. TokenPay was launched as an ICO, so they were interested in order to get the money from fooled backers
2. POSv3 Fork. The tokenpay "great technology" was done in 5 minutes by forking a Bitcoin POSV3 blockchain. It took them literally 5 minutes to fork the code and change a few parameters to rename the coin and change the block time.
3. Fake information on their website. They promote their coin as being a secured coin and anonymous while the platform is a total scam.  "Introducing the world’s most secure coin and payment platform". That is totally fake because tokenpay is a Bitcoin fork... namely, a POSv3 fork with just a few parameters changed
4. Fake partnerships. WEG Bank is a fake partnership announced almost 1 year ago. The "great" partnership with the WEG Bank (verbal in may 2018, officialized in september 2018)  failed to produce any service or product online for crypto and banks. More, WEG Bank is considered by many people (including me) as a scam. WEG Bank is just a paper bank company that doesn't operate or have any working product or service. I discussed more on this thread. https://bitcointalk.org/index.php?topic=5116099.20
5. TokenPay scammed 1 MILLION DOLLARS FROM BOUNTY AND REFERRAL PROGRAM. Hundreds of people were scammed by TokenPay of one million dollars stealing their bounties. Check this thread some the facts  https://bitcointalk.org/index.php?topic=2400499.0
6. No github activity. The github repository was and literally DEAD. They never added any kind of improvements to their POSv3 fork
7. They announced many things (like the deal with WEG Bank), but yet they failed to launch any prototype or demo of a separate product or service.
8. They prepare a new ICO for a "decentralized exchange". YUP. You heard right. They are preparing for a new ICO to raise funds.

Many other things. I will add them later.

[NO CUSTOMERS.]

I have been doing some research on the so-called "WEG Bank". Proven facts:

1. NO CUSTOMERS. They don't have any customers who is using the "WEG Bank AG" registered in Germany.
2. NO BRANCHES. There are no branches in Germany or worldwide.
3. NO PRODUCTS. They don't have any product to facilitate customers to interact with the bank. No Web Products, no software products, no mobile apps. Nothing.
4. NO REAL PARTNERS. They don't have any provable partner in place that is actually doing something except press releases.
5. NO BANK PARTNERSHIP They don't have any partnership with any other REAL bank world-wide. As you may know, it is mandatory for a bank to have partnerships with other banks to operate national and worldwide money transfers.
6. SHARES WORTHLESS. Their shares on this "bank" are so worthless, that they gave 10% of the bank shares to Litecoin Foundation (a non-profit organization). WTF. How could a bank donate 10% of its shares to a non-profit organization? Even so, it is so illegal that they donated 10% of their shares to a non-profit organization, in case they had any customer. But in reality, they don't have any customer.
7. LESS THAN 5 PEOPLE EMPLOYED. Most probably they have only 1 person hired (namely their CEO ). The website most probably was built by a paid freelance.
8. WEBSITE IS A CMS THEME. The website is a fucking CMS website. They use Contao Open Source CMS. WTF
9. RECENTLY CREATED - JUNE 2015. The company was recently created in June 2015.
10. NET INCOME: 0 EURO IN 2017. According to banking public information: the net income is 0 (ZERO) euro in 2017

WEG Bank AG is a scam. They are just a small company trying to deceive people into believing that they are a huge bank facilitating millions of new people crypto adoption into the banking system. Most probably they receive generous funds from crypto projects to create fake partnerships on press releases. For instance: tokenpay which definitely paid generous bonuses to make a press release that they have partnered up.

Worthless partnership fact:

About 9 months ago, the partnership with TokenPay was made. Nine months had passed and there is no product, no service made that came up of this worthless partnership. All these facts makes me believe that WEG Bank is a scam and a fraud company to deceive crypto investors.

Feel free to discuss other reports on the WEG Bank AG scam.