Ponzi scheme/Lending ICO , no team on "CRYPTOLEND

[The Cryptovator]

Website: https://cryptolend.club
Archived: http://archive.is/PF7H7
ANN thread: https://bitcointalk.org/index.php?topic=5105471.0
Archived: http://archive.is/bSJ02
What happened: Ponzi Scheme & No team,


Cryptolend ICO looking suspicious to me and on the other hand they are offering Lending service which might be turn into scam. We know from our past experience all ponzi scheme turn into scam eventually. So I think better to stay away from this kind of ICO.

[marlboroza]

Oh, they moved to new account.

Anyway, here is first thread https://bitcointalk.org/index.php?topic=5090107.0;all

Plagiarism and they don't want to talk about numbers. Classic scam.

[Yurkov]

And one more time they moved to new ANN thread: https://bitcointalk.org/index.php?topic=5128158.new#new
and even run airdrop: https://bitcointalk.org/index.php?topic=5128171.0

[magneto]

And one more time they moved to new ANN thread: https://bitcointalk.org/index.php?topic=5128158.new#new
and even run airdrop: https://bitcointalk.org/index.php?topic=5128171.0

Given the fact that they are airdropping tokens, it doesn't seem like they're even going to bother with sustaining the ponzi scheme by paying the first few investors. It's much more likely that they'll just pull an outright scam as soon as their ICO ends, because of the tokens that they're giving away for free.

Anyhow, ponzi schemes hidden in the form of crypto/tokens are nothing new. It's kind of a throwback to the days when lending coins were popular and the next big thing... Until every single one collapsed eventually and people were brought to their senses. 

Could they be reported to mods for constantly creating new ANN threads, btw, or is that not against forum rules?

[The Cryptovator]

Could they be reported to mods for constantly creating new ANN threads, btw, or is that not against forum rules?

Obviously, this subject is report moderators. Because multiple thread on isn't allow with same sells /projects. Although scam or likely scam not moderated by forum but report for create multiple thread is against forum rules. So I believe moderators  could take action. Anyway, I have reported their airdrop thread. Let's see what is the action of moderators.

[Cryptolend_]

And one more time they moved to new ANN thread: https://bitcointalk.org/index.php?topic=5128158.new#new
and even run airdrop: https://bitcointalk.org/index.php?topic=5128171.0

Given the fact that they are airdropping tokens, it doesn't seem like they're even going to bother with sustaining the ponzi scheme by paying the first few investors. It's much more likely that they'll just pull an outright scam as soon as their ICO ends, because of the tokens that they're giving away for free.

Anyhow, ponzi schemes hidden in the form of crypto/tokens are nothing new. It's kind of a throwback to the days when lending coins were popular and the next big thing... Until every single one collapsed eventually and people were brought to their senses. 

Could they be reported to mods for constantly creating new ANN threads, btw, or is that not against forum rules?

No this is not a scam. Please watch our explainer video: https://youtu.be/BTTyOnLGvlo

[feryjhie]

it seems the team just make a new account to make a new thread
here the link for ANN  https://bitcointalk.org/index.php?topic=5131140
and for Bounties https://bitcointalk.org/index.php?topic=5133050

the account (CRYPTOLEND____) still not get a red trust from DT