What happened: Bitradez is a new trading platform in development, that aims to be global cryptocurrency leader, but besides some promises, half working website and many red flags, it doesn't offer anything else. Other than chance to loose money.
Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=1952Ann: https://bitcointalk.org/index.php?topic=5249525.0Archive: https://archive.fo/icCi6Website: https://bitradez.com/Archive: https://web.archive.org/web/20200531063641/https://bitradez.com/about-us/Domain name: bitradez.com
Registry Domain ID: 2508692484_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namecheap.com
Registrar URL:
http://www.namecheap.comUpdated Date: 0001-01-01T00:00:00.00Z
Creation Date: 2020-03-29T15:50:40.00Z
Registrar Registration Expiration Date: 2025-03-29T15:50:40.00Z
First let's start with their currently ongoing IEO, that they plan to last for 12 months, with huge difference in token price. Current price is 1 XIZ= 0.1 USD while in the last sale round price will be 1.2 USD. Who in the right mind will join the later stages when those in the first round bought the tokens for 90%+ discount?
According to their IEO page, they sold 1,681,500 XIZ (worth 168,150 USD) but somehow I doubt that number.
In order to attract traders, they will have VIP program. Problem with that program is that it sounds to good to be true, and we all know what happens in those cases.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2Frm3t5TW1%2Fbitradez.png&t=665&c=eT4lvEJEki1EIw)
VIP program is not the only way they plan to incentivize users. For them they prepared various rewards, ranging from Ipads and Imac Pro to Porsche 911 and an actual Lamborghini. I don't know how can someone actually believe this, that they will send luxury cars all around the world to their users.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2FpVQ2fxDP%2Flambo.png&t=665&c=L8ZJWd6jpHKciw)
Last but not the least, this is what they say about their team, yet their names and are nowhere to be found
Bitradez was founded by the world’s leading senior blockchain experts and computer engineers. Bitradez team is present worldwide, working in a decentralized manner. Present anytime, anywhere in the world.
tl;dr
- big token dicounts for early stages (90%+)
- ridiculous rewards that include Lambo and Porsche
- huge referral awards (up to 40%)
- no team identity
Therefore, stay away from this as it is dodgy af.