Sep. 27 we published a review of MoneyToken ICO where we claimed it as shittoken.
https://medium.com/@shitcoinoffering/moneytoken-even-roger-ver-cant-save-it-57b07df286d4That time we didn't say that it was scam and one of MoneyToken employees called Mike asked me to delete this article relying on the opinion that facts we have used had no proofs and said that we try to FUD people. As a response, we said he could leave comments and prove that IMT wasn't scam... More proofs than "We have MVP, so it's not a scam", "The projects is launched and it works" we have not received from them...
" Moneytoken claims to be a crypto-backed loan platfrom: However they do not have an escrow service, they are opening a margin position when users get "loan" and if value of collateral goes down 30% your margin position gets closed. Plus users either pays daily interest or pays membership fee to get "loan"
- During ICO, Roger Ver was a great asset for them to collect funds. Roger Ver didn't make any comment after ICO. When Roger was asked about Moneytoken on live chat investors' comment got deleted and they were kicked from the live video room
- During ICO, Jerome (CEO) with his British accent was having videos in professional London style office and Moneytoken team was telling people that they have office in London. However, it was never clear where their office was. After the ICO, team showed their office, which was in Ukraine!
- They did not register with SEC and they have accepted investors from US.
- They have collected $38,000,000 from investors. Their website and margin trading system could be designed and coded for max $10,000. They have spent very little, nearly none in Marketing.
- Jerome opened a new business in Ukraine right after ICO. At that time investors' token were locked with the reason that Moneytoken team was "waiting" for a "top" exchange to list IMT.
- 2 months after ICO IMT (Moneytoken) was listed in LAToken, Bitforex, Coinsuper and IDEX
- They banned hundreds of investors from their Telegram channel. There is no conversation on their channel except Moneytoken paid admins and some fake accounts.
- Those fake accounts also trolled investors in non-admin Moneytoken channel that we scam victims talk. At the moment that channel is under attack with horrible images you wouldn't want to see (however, all the history of investors conversations are there)
- There is no need for IMT as its only use case of IMT is to pay membership fee to get a "loan" (which is a margin position you can do for free)
- There are many more I can add. Lastly, they claim to create a financial ecosystem in Ukraine without complying with SEC and countless red-flags"
We started this topic to prevent investors being scammed and to find out the truth.
Anyway, we want to be fair and we stand for truth. That's why please be free to share your opinion, facts and proofs.
In blockchain we trust.
