This ICO doesn't smell good, some obvious red flags:
No dev team in the whitepaper, nor website. Referal system for ICO and lending program follows a pyramid multilevel scheme. Main focus in great gains. In summary, stinky and No added value to the crypto-ecosystem.
Besides, looking at whois database, seems that people behind this is not very confident on the project, Domain was registered for just 1 year and registrant name is not public.
Lets see how this scam unfolds though...
$ whois pagarex.io
Domain Name: PAGAREX.IO
Registry Domain ID: D503300000055588903-LRMS
Registrar WHOIS Server: whois.namecheap.com
Registrar URL:
www.namecheap.com Updated Date: 2018-01-20T20:32:32Z
Creation Date: 2017-11-21T15:01:26Z
Registry Expiry Date: 2018-11-21T15:01:26Z
Registrar Registration Expiration Date:
Registrar: NameCheap, Inc
Registrar IANA ID: 1068
Registrar Abuse Contact Email:
abuse@namecheap.com Registrar Abuse Contact Phone: +1.6613102107
Reseller:
Domain Status: clientTransferProhibited
https://icann.org/epp#clientTransferProhibited Registrant Name: WhoisGuard Protected
Registrant Organization: WhoisGuard, Inc.
Name Server: JEROME.NS.CLOUDFLARE.COM
Name Server: CHIN.NS.CLOUDFLARE.COM
DNSSEC: unsigned
URL of the ICANN Whois Inaccuracy Complaint Form:
https://www.icann.org/wicf/>>> Last update of WHOIS database: 2018-01-21T17:50:21Z <<<