I am normally an extremely doubtful person when it comes to these online scams but since it came from somebody I know and talk to I was stupidly trusting them I guess. You all make extremely excellent
points. And I definitely appreciate the feedback
I'd luckely did not invest to the point where I'm going to bankrupt myself. A month or two of work and I can recover lost profits but it still is a little bit of a stinger!

https://baizetrading.com/h5/#/pages/market/index

This is where i was directed by my friend to invest. A very professional-looking website.  It has a graph of all the different currencies available. Looked legit to me with my rookie knowledge.

I appreciate the input. Definitely not sending them anymore money!

Hello everyone. I have a question about initial coin offerings. I took a friends Financial advice and invested in some ico's on a initial subscription platform ( https://baizetrading.com)  the coin is called taoge. Invested at $2.20 and it is now approaching $20 a coin. It is apparently Frozen until August 30th where it will be released into the public market. I received an email from the trading platform yesterday requiring me to pay 7% tax before the coin goes public. Seems like such a huge red flag to me. Although I am very new at crypto, my feeling is I have been scammed from a trusted source. But before I lose any more money I figured I would ask.   Is this a normal thing to require tax before selling? Wouldn't they just automatically take their cut when you sell the coin? I am significantly out of my depth of knowledge here. Any information would be most appreciated. Thank you!