TL;DR $HOMI token by HomiHelp is a Scam coin.
This Post briefly summarize the content of the Investigation Report against HomiHelp Token ( link to report is attached below)
u/Official_Homihelp is the upcoming Onecoin. Nevertheless exist a scam token soaring 75% ATH(8/1/20) reaching $14.65 USD with in weeks after launching. Currently $HOMI is trading at $11.04 USD. Here are the pragmatic reason why $HOMI become worthless.
Launched before 3 months $HOMI is an ERC token which enables users to purchase services offered by homihelp. As of now they only offer a free chat widget which has no commercial value and no relation with $HOMI. There was no ICO or IEO done for $HOMI, however they have done some airdrops via social media campaigns. Within days after airdrops $HOMI gets listed on Crex_24,altilly, etherflyer. CoinGecko and CMC has also listed them. This expose the negligence in having proper scrutiny while listing new tokens.
$HOMI Doesn't have a proper motto, rather than claiming to solve cryptocurrency adoption by enabling business purchase HomiHelp services via $HOMI token which in-fact is crooked up story to mock the community, exchanges, traders, investors etc..
There main hype was they never doing a token sale and launching a gimmick chat widget prior to the $HOMI token launch. There current product is simple web widget which has nothing to do with $HOMI token. There is zero usage for $HOMI token other than filling founders pocket. With a MC of $1,440,129 USD and a fixed supply of 100,000,000 $HOMI out of which only 130,099 $HOMI is in circulation which posses a severe risk for traders while dumping since founders controls majority of the $HOMI also they doesn't have a credible team, existing team members are very rich in plagiarism, they have faked there entire portfolio to scam the community Currently Homihelp is run by Dr Rahul Sharma, who is a master of plagiarism, his works can be found here
https://rahulsharmaa.com . However Founder of HomiHelp was Gurminder Singh but now existed the project recently w/o leaving any trails. He had a portfolio website which he recently removed however here is archived link for his portfolio https://[Suspicious link removed]/3idzzn1 He is also active on Instagram under the handle @gurmindersinghads. None of them has any expertise in any business, they are just trying to utilize the vacuum space exist in crypto ecosystem to get rich quickly by scamming and cheating peoples.
The prime existential reasons for this kinda projects are the ignorance or greed of the partnering or associated firms who are supporting and promoting these scam tokens,
The detailed investigation report has been published with all details and proofs for further evaluation of the project, which is available at
https://www.docdroid.net/8nMquMD/ .
As a final note, please do necessary analysis before staking your valuable assets these kind of tokens.
