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Author Topic: MoneyToken SCAM or NOT ?  (Read 164 times)
shitcoinoffering
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December 11, 2018, 01:40:46 PM
Last edit: January 04, 2019, 09:46:51 AM by shitcoinoffering
 #1

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-57b07df286d4

That 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.

Mr. ScamKiller - Shitcoin Offering Wink
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rocker24
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December 11, 2018, 01:42:51 PM
 #2

One more scam token lol
XVGWhale
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December 11, 2018, 07:20:13 PM
 #3

One more scam token lol

yeah scammers everywhere !!
shitcoinoffering
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December 12, 2018, 09:49:14 AM
 #4

One more scam token lol

yeah scammers everywhere !!

Guys, thanks for your attention to this topic but please share your thoughts with facts or argue your opinion Smiley

Mr. ScamKiller - Shitcoin Offering Wink
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December 26, 2018, 12:49:15 PM
 #5

I am waiting for a transaction to be completed for a month and a half. Admins keep lying to me that I will receive my tokens soon. Isn't this a SCAM ICO ?
shitcoinoffering
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December 27, 2018, 10:47:13 AM
 #6

I am waiting for a transaction to be completed for a month and a half. Admins keep lying to me that I will receive my tokens soon. Isn't this a SCAM ICO ?

Maybe you will receive your tokens but it's not a proof that IMT isn't scam Cry
We monitor MoneyToken and we'll share our results as soon as possible. Anyway, you can find something and share with us in Telegram Chat - https://t.me/shitcoinofferingchat, it will help us in our investigation. We are always opened to discuss ICOs and scams Smiley

Mr. ScamKiller - Shitcoin Offering Wink
shitcoinoffering
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January 02, 2019, 01:00:53 PM
 #7

Not so long ago, we told you about the cryptopawnshop MoneyToken and their adventures, and now the story is completed with project's COO interview. To sort out why it's actually not a scam, we talked to Alex Fisun and had found out some inside info. Meet our new Shitcoinoffering Interview segment! Wink

https://shitcoinoffering.com/not-financial-advice-real-talk-moneytoken/

Mr. ScamKiller - Shitcoin Offering Wink
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January 03, 2019, 04:14:13 AM
 #8

Even though it isn't a scam, I think the project itself is not worth anything. So sad that more than $30m was raised just because Ver is on the advisor list. I wonder what will happen with them in the future.
D3m1r4wanti
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January 04, 2019, 01:29:10 PM
 #9

Isn't Money Token distributing and can be traded on several exchangers.
I don't think this is a SCAM, they have done their best.
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