Project ANN:
https://bitcointalk.org/index.php?topic=5052844.0ANN creator:
invech.groupFlag warning:
https://bitcointalk.org/index.php?action=trust;flag=298About the project:
Invech Group is a company licensed by the government of Timor Leste to regulate and operate – blockchain and cryptocurrency related businesses. It is a partnership put together by an extensive group of business and experts from Indonesia, Hong Kong, China, Malaysia and Timor Leste. Our aim is to develop Timor Leste into a cryptocurrency haven and bring in development and foreign investments into Timor Leste to revitalize the economy of this new post-war country. Invech Group have been awarded a total of 9 business licenses in Timor Leste.
Why its possibly a scam:This project's white paper is heavily plagiarized from the
Binance whitepaper:
I posted a warning in their thread about this and this was their response:
This kind of accusation is very detrimental to us. We find many projects that are exactly the same as the same whitepaper. They are successful with the program. But we are a different Crypto project.
So, if they're a different project, why didn't they write their own white paper?
Another thing odd about this project is their use of a bumping service which has written hundreds of 1 or 2 line comments in its thread. Some accounts linked to this service have been used to bump scams in the past, which leads me to believe their presence is another indicator that this project might be a scam. Bumper service accounts include:
Rustamm
Zhenka
kolnides
A7373
DmitFomin
Bugatti73
Umkar
jusertvaz
DoubleShow
ytaevv
Voevodin
Artem57
Lyshkd
In the Invech thread, there are dozens of pages of these accounts just mindlessly talking to each other, asking questions and then answering themselves, in order to create the illusion of community interest in the project (to me this is a deceitful practice). I'm pretty sure they are all operated by the same person as they ALL have the same obscure Iceland Local Time and the exact same writing style... Just 1 or 2 lines of basic English over and over and over and over....
Just for fun, here's an example of a bumper account talking to itself, who forgot to log in to the next account before responding to the same account:
Regardless of the aforementioned, if somebody from the Invech team can respond here saying that they will update their white paper to include their own verbiage (instead of Binance's), and then replace their old WP with it, then I will withdrawal my warning flag for their project.