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Author Topic: ULTRIX COIN PLATFORM is a scam project  (Read 152 times)
Slow death
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July 09, 2018, 07:50:27 PM
Merited by marlboroza (1)
 #1

ANN Thread:  ULTRIX COIN PLATFORM

Profile: @ULTRIXcoin

this is the https://www.ultrix.co website, now see the members of the ultrix team: https://www.ultrix.co/team



and now check out this site: https://www.trackico.io/ico/deconet

ANN Thread:  [ANN][BOUNTY][ICO] Deco.Network | Software licenses on the blockchain



https://www.trackico.io/member/david-sneider

https://www.linkedin.com/in/dsneider



https://www.trackico.io/member/chris-cassano

https://www.linkedin.com/in/ccassano



https://www.trackico.io/member/fabio-muniz

https://www.linkedin.com/in/fabiowlmuniz



https://www.trackico.io/member/min-h-kim

https://www.linkedin.com/in/minkimd14/



https://www.trackico.io/member/joe-mccann/

https://www.linkedin.com/in/josephisaac/



https://www.trackico.io/member/matthew-mcgraw/

https://www.linkedin.com/in/mjm11/

They are not part of the https://www.ultrix.co team.



Edit to add more details:











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July 09, 2018, 08:54:58 PM
 #2

Looks like they copied the whole team but to be fair - there is no proof that these people are NOT involved with Ultrix. Actually some of these don't look like they're involved in Deconet either but that's a different story.

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July 09, 2018, 11:30:53 PM
 #3

Looks like they copied the whole team but to be fair - there is no proof that these people are NOT involved with Ultrix. Actually some of these don't look like they're involved in Deconet either but that's a different story.
I concur. The way these ICO shit-heads work is they keep changing their projects and companies after the ICO is done and quick monies are made.If you check their linkedIN profiles, you'd see how they have worked as a "CEO" at 5 differents ICO related firms in less than a year.

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July 10, 2018, 06:27:17 AM
 #4

there is no proof that these people are NOT involved with Ultrix.

I do not know if this can serve as a Proof. but I got in touch with the Deconet and they say they are not part of the ULTRIX COIN team.





I also sent a message to @David Sneider and I'm waiting for his response

If you check their linkedIN profiles, you'd see how they have worked as a "CEO" at 5 differents ICO related firms in less than a year.

In fact, this is what led me to surmise the ULTRIX COIN  is a scam project. see the twitter of @David Sneider and medium that he does not mention the project ULTRIX COIN, that's why I distrusted and started to do research, I'm waiting for the answer from @David Sneider on this case.

here's David Sneider twitter: https://twitter.com/davesneider

here is David Sneider medium: https://medium.com/@davidsneider

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July 14, 2018, 08:47:07 PM
 #5

I did an extensive research to create a topic against them then I figured out that a topic (this one) has already created. Here I am pasting my findings...

No team: Screenshot the page has been removed.

Plagiarized whitepaper: URL
I have saved copy. If they remove the reference then I am happy to upload the saved copy from my hard-drive.

Content taken to check plagiarism
Code:
This Whitepaper neither allow to constitute any announcement or any solicitation for investment, nor does
it in any way relate to a contribution or an application of an offer to purchase any securities in any
jurisdiction. This document is not formed in accordance with and is not accountable to, laws or control of
any jurisdiction, which are designed to protect investors.
Certain statements, assessments and financial information contained in this White Paper aggregates
forward-looking statements or information includes known and unknown risks and ambiguous, which may
cause actual events or result to alter materially from the assessment or the results implied or expressed
in such leading statements. White Paper can be modified to provide more accurate information.
The primary source of information about ULX Token is this White Paper in English. The knowledge contained
herein may change from time to time when adapted to other languages or used in the course of vocal or
drafted communications with the actual and expected customer, partner etc..
In the course of such rendering or publication, some of the enlightenment contained may be lost,
corrupted or adulterated. The veracity of such alternative communications cannot be guaranteed. In the
event of clashes or disparity between such translations and communications and this English Language
official White Paper, the provisions of this English Language original document shall abound.
3
Executive Summary:
The Payments industry in Singapore and the South-east Asian markets in growing rapidly. The Digital
Payment Market in Singapore & South-east Asia market will witness a CAGR of 58.90% during the forecast
period FY2017-FY2023. The market in Singapore alone is expected to reach $700 billion by 2022 in terms
of value of transactions.
ULTRIX envisions to be the PayPal of this growing South-east Asian and the Singapore market. It will allow
payments and booking through both fiat and cryptocurrency.
With ULTRIX app, users will be able to send money, manage finances, do shopping, book tickets & pay bills
with their favorite cryptocurrency. Users can scan QR code and make payment. They will also be able to
make direct payments to our partner vendors such as Singtel, Uber etc. To incentivize users, ULTRIX will
offer frequent discounts, promotion, & free airdrops to all its users.
In short “ULTRIX will be an app for the common man, and will make it easier for them to use their
cryptocurrency”.
ULTRIX team has a strong head way in terms of the product development. Given our background in
payments space, we were quick to develop prototype of the payments app. We have already established
tie-ups with partners such as Singtel, Singapore Airlines, Uber, Amazon etc. There are 20+ other partners
with whom we have tied up with.
Screenshot as proof


this White Paper shall be deemed to constitute a prospectus of any sort or a solicitation
for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any
securities in any jurisdiction


THIS DOCUMENT IS NOT COMPOSED IN ACCORDANCE WITH, AND IS NOT SUBJECT TO, LAWS OR REGULATIONS OF ANY JURISDICTION WHICH ARE DESIGNED TO PROTECT INVESTORS


TES, AND FINANCIAL INFORMATION CONTAINED IN THIS WHITE PAPER CONSTITUTE FORWARD-LOOKING STATEMENTS OR INFORMATION. SUCH FORWARD-LOOKING STATEMENTS OR INFORMATION INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES WHICH MAY CAUSE ACTUAL EVENTS OR RESULTS TO DIFFER MATERIALLY FROM THE ESTIMATES OR THE RESULTS IMPLIED OR EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS.

I hope that speaks enough.

 
For the above text only (code section) we have 3 sources.
1) vendicoins.com
2) arkadialending.com
3) coinlauncher.io <=== this is invalid since it's their own page in coinlauncher

We have 21 matches.
7/21 matches were from vendicoins and arkadialending whitepaper.


29 page whitepaper and we had only 3rd and half of the 4th page.

Possible paid shills for bumping threads:
goooooooooood ulx coin
Its a great project.
It was great project
Very nice and amazing project and best team work
Verry good project I'm joined best project of future
doooooooooooooooooooooood

Let's have an archive of the entire thread.

All these red flags above indicates a warning that ultrix.co is a scam project.


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T 
Better. Quick.

Transparent.






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