Scam CHECK and REVIEW
Conclusion:
Low RiskWhere is the whitepaper?
Where is the client?
Where is the Technical papers?
Is there a website available?
What are you using BTC for?
Who are you (Anyone can make up a name)?
Where is your dev team?
Is the IPO account a few months old?
Where is your forums?
Is there support, pools, exchanges and etc?
Why are you doing an IPO before you answered these questions?
Does this coin answer these questions?
Passed : Passed due to being an alt-clone. Relying on other codes and manipulating them to suit the needs for this project.
Passed : Alt-coin clone client
Risky : No technical paper to highlight advancements in this coin, While stackcoin does not claim to be a technical advancement it claims to be highly supported and marketed
Passed : Website widely available, looks pretty good too.
Passed : While not specifically mentioning what BTC will be used for, they responded to my message immediately on this question.
And i quote "Maintain and promote a coin is expensive, we are doing this from our pockets for now, but we won't be able to handle it ourselves only when the community will grow up.This is what our IPOs are for, the raised funds will be used wisely to take StackCoin to the next step."
Risky : While i want to believe that they are honest and transparent, they do not reveal anything about themselves. If someone wanted to do some digging, they could uncover who they are through registration of their website. That's why it's risky and not failed.
Failed : Claims to have a team, but no other information is available regarding this.
Failed : Registered February 9th. But, i'm sure they are widely known on these forums on their main accounts.
Passed : While there are no forums, there is an IRC chat. I had to chance to ask and talk to the devs. Better then a forum
Passed : Stackcoin is widely supported with pre-pools and an exchange site ahead of the launch
Risky : Stackcoin seems a bit mysterious when it comes to asking for an IPO. They highlight the reasons why, but the risk is will they deliver?
Conclusion: Stackcoin is most likely legitimate, but the reason for an IPO seems a little foggy and unlcear. The only thing i can point out is to enrich the investors and devs. They are creating a value for the coin, ahead of the launch. So it's a win-win scenario.
My Opinion : I'm not going to invest in stackcoin, because i believe IPO's are for real 2nd generation coins. I talked to the devs on IRC and messaged them and there was no lack of hesitation or time between messages. Very firm and solid response time. If this is coin is to be a success then they are on the right track. But i'd like to note, REDDCOIN did the same sort of IPO and yet it hasn't taken off as expected. Anyways time will tell, the coin has my support for now.
Invest at your own risk, while the IPO may legit the promise of making a return on the IPO is not clear. Like anycoin, there is always a risk but this coin is asking for an IPO, so i'd imagine they will be taking support and their work to the next level.
This review is subject to a change on further, new, evidence gained. Regards,T.K.
Guess you missed the mark here TK, maybe some revisions are due to the scam checklist.
