Krosscoin another ICO fraud?
ICOs are serious business and with the IMF wanting to go hard on crypto, it is no longer a game for scammers who want to make a quick buck, but for real investors who are going to give crypto, tech, and all associated investments the necessary push they need into the future.
Which brings me to one of such ICOs i spotted days ago on reddit. Another one in a space of 2 weeks? Gimme a break. We need to get serious about ICO scams, 'cos real ICOs are the real deal.
Wtf is krosscoin or than greed appealing to the masses on the 'billion-dollar' Church centered market in which they list no way to break in? I'll list 'em in this sub. Be careful guys, esp early birds! For surely, there are more to come before some messiah with a brilliant spark can put an end to this shit.
1. No real and proper facilitators on krosscoin.io
2. no market plan whitepaper.
3. accusation & admission of theft on reddit for what is supposed to be a church/charity org? -forgiven
4. No evidence of technical or marketing experience
5. Admission of lack of proper funding and self-financing on reddit,
https://bitcointalk.org/index.php?topic=1975416.0which very much begs the question, if you fail to invest even for putting up a simple website, how much of your OWN RAISED CAPITAL have you truly invested in this project? Which also brings us back to 1. above
So, why launch an ICO?
I have spent the last two days researching KROSScoin and its so-called 'dev team' and have replied them. What they have done CAN BE done by anyone with a WAVES WALLET not one with proper expertise, and though that was exactly the point by WAVES devs to make it easier for business giants like Microsoft and APPLE marketing teams, it was not their intention to be used as krosscoin as. it's giving ICOs most especially crypto a bad name. As they say, give an inch and the devil will take a mile 'cos all they have folks are empty words and promises, nothing factual. It's my social responsibility to let you and the world of crypto know a scam when we see one, especially to the newbies 'cause most of us old timers can tell the difference and just skip such posts.
On my part, I told 'em to do the right thing if they sold any coins by buying them back, which is a long reach i think, but i also think WAVES should come up with a SIGNATURE tag or something when so much money is involved. Else Waves will just turn out to be another meaningless market.
Anyway, caveat emptor. I'll just go back to ignoring meaningless ANNs.
You've all been warned.
