Project- Cargocoin is scam or not?

[Kavidissa1]

I want to know the expertise idea about the cargo coin project. I participated in the bounty also. Here I included the link of bounty. It seems like a very legit project and very different from normal bounties. So I believed this project and did bounty campaign + Bought CRGO tokens. But I can not see any good progress that can be seen from 2018 to the time this post creating. Works are not going according to the Roadmap. And one important thing about the campaign is it reached the softcap (5 MLN USD). Also, telegram members also leaving the group. There were around 15000 members and now there are around 5000 members.
So what I want to know is what's your idea about this project? What are the actions that we can take against members of the project? Can I still believe the project?

Bounty link -https://bitcointalk.org/index.php?topic=3560365.0
Telegram link - https://t.me/thecargocoingroup
Web link -https://thecargocoin.com/

[Slow death]

I don't know many details about this project, to be honest I'm still researching this project, but from what I saw on their ANN thread:

CargoCoin (Cargo Coin) - Scam. For criticism of their project, I was immediately removed from the telegram of the channel (http://t.me/thecargocoingroup). Bogomil Alexandrov - The founder does not comment on the fact that he fraudulently collected funds and calmed down.

On all exchanges in which they allegedly credited the actual trading volume is zero. The history of trading on these exchanges is a complete fake. Including on the: https://p2pb2b.io/ (p2pb2b)

Scam!!! Scam!!!  Scam!!!  Scam!!!  Scam!!!  Scam!!!

[ANN][ICO] CargoCoin - Blockchaining Logistics

there are some complaints that are serious and Is a big red flag for this project. my advice is that you investigate these complaints and if they are true then you should abandon this project

[aemma]

From your post there are many red flags or factors which points to a scam project. First you said the project was created since 2018 and since then there have been no progress till date, in my own opinion this shows a team which aren't serious at all, 2018 till date is a long time to at least bring something good to the community. Also, for a project getting such amount of money and yet can't follow the roadmap is another turnoff, okay let's assume there was a shift in the roadmap what happened to the funds generated? Why aren't there any progress? It also shows that, either they lied about the funds generated or it is no where to be found. Lastly with the huge reduction in the telegram group points to a platform which users have lost interest in; to me, the difference is too much.
Furthermore, in my own understanding, you can ask questions in the group to know more but to be frank the project doesn't look legit with this type of actions.

[Kavidissa1]

I don't know many details about this project, to be honest I'm still researching this project, but from what I saw on their ANN thread:

CargoCoin (Cargo Coin) - Scam. For criticism of their project, I was immediately removed from the telegram of the channel (http://t.me/thecargocoingroup). Bogomil Alexandrov - The founder does not comment on the fact that he fraudulently collected funds and calmed down.

On all exchanges in which they allegedly credited the actual trading volume is zero. The history of trading on these exchanges is a complete fake. Including on the: https://p2pb2b.io/ (p2pb2b)

Scam!!! Scam!!!  Scam!!!  Scam!!!  Scam!!!  Scam!!!

[ANN][ICO] CargoCoin - Blockchaining Logistics

there are some complaints that are serious and Is a big red flag for this project. my advice is that you investigate these complaints and if they are true then you should abandon this project

Thank you for your clarification. I will study more about them? Is there any legal action that I can take?

[Kavidissa1]

From your post there are many red flags or factors which points to a scam project. First you said the project was created since 2018 and since then there have been no progress till date, in my own opinion this shows a team which aren't serious at all, 2018 till date is a long time to at least bring something good to the community. Also, for a project getting such amount of money and yet can't follow the roadmap is another turnoff, okay let's assume there was a shift in the roadmap what happened to the funds generated? Why aren't there any progress? It also shows that, either they lied about the funds generated or it is no where to be found. Lastly with the huge reduction in the telegram group points to a platform which users have lost interest in; to me, the difference is too much.
Furthermore, in my own understanding, you can ask questions in the group to know more but to be frank the project doesn't look legit with this type of actions.

By the way, the founder is the only remaining admin in the telegram group. For any question, his reply is he needs more time and the project is developing. I also lost the trust of their project. What are the legal actions that can take against him?

[Kavidissa1]

Hello

From your post there are many red flags or factors which points to a scam project. First you said the project was created since 2018 and since then there have been no progress till date, in my own opinion this shows a team which aren't serious at all, 2018 till date is a long time to at least bring something good to the community. Also, for a project getting such amount of money and yet can't follow the roadmap is another turnoff, okay let's assume there was a shift in the roadmap what happened to the funds generated? Why aren't there any progress? It also shows that, either they lied about the funds generated or it is no where to be found. Lastly with the huge reduction in the telegram group points to a platform which users have lost interest in; to me, the difference is too much.
Furthermore, in my own understanding, you can ask questions in the group to know more but to be frank the project doesn't look legit with this type of actions.

By the way, the founder is the only remaining admin in the telegram group. For any question, his reply is he needs more time and the project is developing. I also lost the trust of their project. What are the legal actions that can take against him?

, ANyone can answer me?

[Slow death]

Hello

From your post there are many red flags or factors which points to a scam project. First you said the project was created since 2018 and since then there have been no progress till date, in my own opinion this shows a team which aren't serious at all, 2018 till date is a long time to at least bring something good to the community. Also, for a project getting such amount of money and yet can't follow the roadmap is another turnoff, okay let's assume there was a shift in the roadmap what happened to the funds generated? Why aren't there any progress? It also shows that, either they lied about the funds generated or it is no where to be found. Lastly with the huge reduction in the telegram group points to a platform which users have lost interest in; to me, the difference is too much.
Furthermore, in my own understanding, you can ask questions in the group to know more but to be frank the project doesn't look legit with this type of actions.

By the way, the founder is the only remaining admin in the telegram group. For any question, his reply is he needs more time and the project is developing. I also lost the trust of their project. What are the legal actions that can take against him?

, ANyone can answer me?

https://thecargocoin.com/index.html#team

you must look for a lawyer to be able to give you legal advice. here on the forum it will be very difficult to help you because it would force you to provide your personal data and then you will not have good results

[Kavidissa1]

Hello

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, ANyone can answer me?

This is my weird opnion because I don't know about the rule of law in usa, but a few years ago there was one project from usa that exit scam(TBIS or Titanium Blockchain) because there was a scuffle between their teams, investors were disappointed reporting the project to SEC and finally all the teams involved in the project go to jail, because Cargocoin is a usa project maybe you can report them to SEC because it seems the reason you are reporting is strong enough because the founder is only buying time to develop the project, but what I fear is Cargocoin project is a fictitious address and actually they are not related to usa. so I think this idea is a little iffy *cmiiw

Yeah It should be a good idea. CEO is taking time and didnt answer any question in telegram.But he is a active telegram user with his original profile. And his linkedin account also exist till now

[Kavidissa1]

Hello

From your post there are many red flags or factors which points to a scam project. First you said the project was created since 2018 and since then there have been no progress till date, in my own opinion this shows a team which aren't serious at all, 2018 till date is a long time to at least bring something good to the community. Also, for a project getting such amount of money and yet can't follow the roadmap is another turnoff, okay let's assume there was a shift in the roadmap what happened to the funds generated? Why aren't there any progress? It also shows that, either they lied about the funds generated or it is no where to be found. Lastly with the huge reduction in the telegram group points to a platform which users have lost interest in; to me, the difference is too much.
Furthermore, in my own understanding, you can ask questions in the group to know more but to be frank the project doesn't look legit with this type of actions.

By the way, the founder is the only remaining admin in the telegram group. For any question, his reply is he needs more time and the project is developing. I also lost the trust of their project. What are the legal actions that can take against him?

, ANyone can answer me?

https://thecargocoin.com/index.html#team

you must look for a lawyer to be able to give you legal advice. here on the forum it will be very difficult to help you because it would force you to provide your personal data and then you will not have good results

Yeah I will goto that option sometime later. Anyway thank you for giving advice.

[Lizzylove1]

Many ICO of 2018 are all dead, just few ones are coming up this year with Defi been attached to their name for the current hyip. I don' put much hop in bounty rewards. I now currently trade.

[terciduk123]

I thought this project was dead. the main reasons I say this project is dead are:
Funding ended 2 years ago but they still feature it on their site
There are no significant updates this year
CRGO tokens don't have a good exchange

[Kemarit]

There are still a lot of projects in 2018 that up to know doesn't have value, not yet listed on a good exchange, or somewhat the token is listed but there are no volumes whatsoever. So I don't know if you can categorically call them as a scam as they have given the allocated tokens to the bounty hunter. But at the same time the people behind are too slow to make or do some improvements. Causing it somehow to fail and investors are trap with their money on it.

[ruli stylon]

The project from 2018 which has been running until now is still in question, sometimes there are those who distribute their tokens to investors as well as bounty participants. But there is no price, just a collection of wallets.

It looks like Cargocoin I think the project is dead even though on telegram and the web it is still running.

My advice to invest, you must be careful about the project before you make an investment.

[Warkop]

I see that the Cargocoin project has been a long time ago, and until now they also haven't given any answers about their project, but if you have joined this project in my opinion it is better to leave the project because they will never give good news to continue their project.

I wondered if it was possible for them to make a new project and forget about their old project, because their target just wanted to make a profit like they made profit with their old project.

So I hope that if you want to invest in other projects you better be careful and always learn and see more clearly about the projects you want to invest in.

[Retainly_Collie]

I also saw this project last year, but so far they still don't have any updates. Perhaps as they died and the dev team left the project, this market has a lot of altcoins and a lot of altcoins died. So be really careful with the altcoins you want to invest in

[pakhitheboss]

From 2018 till date if there is not so much progress then it is a red flag for me. Logistic based projects have failed considerably in crypto space. Such ideas were accepted at that time but most projects have failed and I think the same is happening with this project too.

[lenovop-70]

I follow their project about two years ago as bounty hunter, even now i still inside their telegram group, and found nothing about latest movement from the devs inside, they never talk and no answer if i wrote PM to them, i still have hope regarding that project, who knows dust will become diamond next days.