So I started looking at this project this week to see if it was worthy of investing. I did not like what I found.
On paper, the site looks pretty legit - whitepaper, docs, experienced team, all the ratings, big numbers of followers on social media accounts, links in the press on some reputable websites.
Really, the first thing that put me off is that they're registered in Cayman Islands. Dunno why, but that always smells to me.
And then one of the names in their Core Leadership team stuck out to me - Adam Simmons. I didn't know why that was familiar, so I Googled him and then it hit me - this was the guy from the car crash website that was DingitTV.
You probably won't know DingitTV unless you're into eSports (which I am) and this website was bad news. They tried to make you download a dodgy browser extension to watch video on their site which was doing god knows what. But then it came out that they are a massive ad fraud operation.
Full details on that here:
https://www.buzzfeednews.com/article/craigsilverman/porn-runs-the-internetTl;dr: This website would open pop-up ads on porn sites and run DingitTV video adverts to generate tons of cash for themselves. Not cool.
DingitTV got rebranded to Level Up Media at some point, according to press releases that came up when I searched on Google. And so I looked at the LinkedIn profiles of the people they have on their website.
They're not even trying to hide that Verasity is the same operation - all the same people involved with Level Up Media are in Verasity: Chris Gale, John Rankin, Max Gutchenko and Adam Simmons. They basically got busted on DingitTV and now they're trying to con people out of their money through Verasity. Makes me sick.
Their social media accounts are all bought bot accounts too. They have 270k+ likes on their Facebook, but none of their posts have comments and barely any likes. Where do you ever see such bad engagement? Same on their Twitter account.
This coin is bad news, people -
stay away is my advice.