StopTheFakes ICO. Pinkertons from Russia

[shitcoinoffering]

A dramatic story about a fresh scam from Moscow’s “silicon valley” with a whitepaper in Russian, a fake team and an undisguised attempt to cheat the Howey Test. Oh yes, and the mission of the would-be product is to rid the world of piracy and fraud.

Fast and affordable internet has made life easier and more pleasant, but it has shot copyright right in the face. Films, books, music and photos are now available to all in huge quantities for absolutely nothing. Copyright holders hold this enormous power to use in marketing activities, but their profits have come up short due to pirated copies. In a nutshell: if you want to dance, you have to pay the piper.

The creators of StopTheFakes believe they can change the situation. For this purpose, they have invented an analogue of the Pinkerton Agency. Except they won’t be hunting for heads, but counterfeit goods.

Naming and Website

The name is strong and powerful. A bit like FuckThePolice 😀

The website isn’t the most attractive and special one you’ll see today. It doesn’t catch the eye.

According to ancient marketing tradition, the storytelling begins by identifying a problem. Counterfeiting is terrible. American cinema loses 58 billion dollars a year because of it, while fake pill peddlers flog $200bn worth of products over the same period.

Then the plan calls for glad tidings. Something like “Hey guys, we know how to stop the enemy! Watch our flashy video about the project.”

StopTheFakes video

And while we’re at it, the creators demonstrate finished prototypes for browsers and Android devices. This is commendable and inspires confidence. A convenient scheme shows how everything will work and the road map promises that as early as in June the service will help to record 5,000 copyright violations.

Next, there is the usual: team, advisers, Medium, Github (only the code for the token, not the platform itself) and media publications. Here, we need to give some advice to the people who are responsible for the latter. Be more careful with your articles and don’t make mistakes like this one.

Read more here: https://shitcoinoffering.com/stopthefakes-ico-pinkertons-from-russia/

[13abyknight]

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I just do not realise how investors for fall these sorts of fake ICO scams when they have enough time to research about the project and the first part of the process would be to know the developers and the entire team behind the project. Hope the general public gets awareness from these sort of incidents to not blindly invest.

[peter0425]

-snip-

I just do not realise how investors for fall these sorts of fake ICO scams when they have enough time to research about the project and the first part of the process would be to know the developers and the entire team behind the project. Hope the general public gets awareness from these sort of incidents to not blindly invest.

Yeah I would have to agree. But when greed takes over, we totally forgot everything. Most scam ICO are not easily identifiable unless someone really calls it and found that one evidence that will really expose their intent.

Remember Confido? No one has a bit of suspect that it was really a scam from the very get go. Nice team behind, unfortunately with even a measly $300K, they quickly disappear from the face of the internet and no where to be found.

Due diligence and common sense and awareness from the community before investing your hard earn money must be consider first.

[hugeblack]

The bulk of the problem is due to people who invest without a deep search for the ICO.Ads and Google is the biggest impact of the success of this nonsense.
We may have noticed some sort of positive after Facebook and Google ban these ads but it is imperative to be aware and do the right search before losing your money.
but sometimes it is difficult to verify ICO, some of which cannot be easily detected[I do not recommend investing  in large amounts].