I'm extremely wary of this coin.
For those that don't know, the way previous scams have worked in this type of coin (new dev with no history on here, claims regional coin but obviously doesn't speak the language of that place fluently, massive cap, high difficulty etc) are that the dev gets you to buy as many as possible upfront. Then they get onto an exchange or two and keep dumping as many as possible, whilst stringing users along with promises of website, whitepaper etc.
By the time the coin stops working (UKCoin was due to difficulty becoming too great) they have sold loads of essentially free coins to unsuspecting users and they then vanish, ready to start up another con using the same system.
This does smell exactly the same to be honest so if you value your funds consider finding a better project.
|