Is CitiOS (R2R) gone for good?

[cheezcarls]

We thought about CitiOS as one of the most promising projects after their price jumped as much as $6.00+ before nosediving to less than $3.00. However, I have found out lately in CoinMarketCap that CitiOS has zero trading volume since April 1st, and this is where something's fishy going on.

Because of that, I took my time to research and here's what I have deeply found about CitiOS:

Let's talk about their team first:

Manas Ronghe, MBA - https://www.linkedin.com/in/manas-ronghe-mba/

In his background, he only worked for CitiOS as Director of Operations (Consulting) from July 2019 to November 2019. It means that he is no longer part of the CitiOS team, but his team picture is still on the CitiOS' website.

Robert Choi, Ph.D - Vice President for Marketing - https://www.linkedin.com/in/mktforum/

I checked his background, but I don't see him having any history of working with CitiOS anymore.

Kailash Raghuwanshi - Director of Operations (Asia Pacific) - https://www.linkedin.com/in/kailgfx/

Upon checking his background, he worked with CitiOS from May 2019 to February 2020. It means as of today, he is no longer with the team.

Hareo Hamada - Technical Advisor - https://www.linkedin.com/in/hareo-hamada-120665a/

Seems that this guy has not much activity on LinkedIn and no proof that he is working with CitiOS.

Takaro Harada (Project Director) and Satoshi Fukudome (Financial Controller) have no LinkedIn accounts displayed in the team page.

Malcolm Tan - Legal Advisor - https://www.linkedin.com/in/malcolmtan/

This guy hasn't included CitiOS in his profile background. But he's real, because he met one of my colleagues at a roofdeck bar in Makati few months ago.

Eugene Lu - Marketing Advisor - https://www.linkedin.com/in/e-l-0a898639/

Upon checking his LinkedIn background, there's also no proof that he was the marketing advisor of CitiOS.

Final thoughts about the team: I believe there's a secret team behind CitiOS, but won't disclose who they are. They didn't announce to their social media channels regarding the resignations of Mr. Ronghe and Raghuwanshi (based on their LinkedIn background history).

I am trying to reach them out on LinkedIn, but haven't accepted my connection request yet.

Let's take a look at their social media accounts:

Telegram - https://t.me/CitiOS_Official
Owner: Lhaiyne - @Crypppzzz

Status: Telegram channel is almost dead without much development updates. All I hear was complaints from some members regarding distribution, no real team behind CitiOS, etc. I believe that the admin is the only one with direct connection to the ones behind CitiOS. Development team members are not also active in addressing the community on Telegram.

Facebook - https://www.facebook.com/CitiOSofficial/

Status: CitiOS' last update was July 15, 2019

Twitter - https://twitter.com/CitiosOfficial

Status: Last update was on March 22, 2019

Medium - https://medium.com/@CitiOS_Official

Status: Last update was on December 16, 2019

Reddit: https://www.reddit.com/user/CitiOS_Official

Status: Last update was 5 months ago

Quora: https://www.quora.com/profile/CitiOS-Official

Status: Not active since registering their account

Youtube: https://www.youtube.com/channel/UC3VlemFFdIvEh4V8Muv8iig

Status: No videos since creating their account on June 10, 2019

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2621831

Status: No posts since the day of registration.

I also have a strange feeling about these exchanges where CitiOS (R2R) got listed because all of them have no trading volume for several days:

1. CCX Canada

https://ccxcanada.com/ - Page isn't working
https://ccxcanada.com/authentication/sign_in - It's still online and tried signing in but nothing happened. Same thing when I tried signing up

Trading pairs:

https://ccxcanada.com/markets/r2rbtc
https://ccxcanada.com/markets/r2rusdt

As I have checked the trading history, the last activity was March 25th. When I checked their exchange on CoinMarketCap, it says "under maintenance".

See here: https://coinmarketcap.com/currencies/citios/markets/

Twitter: https://twitter.com/CCX_Canada - Their last update was March 12 completing the maintenance. However, they didn't update us that they're going to be under maintenance again. No update from them ever since.

I tried searching their official Telegram, but I can't find it.

2. BTCEXA

Trading pairs:

https://www.btcexa.com/exchange?tag=BTC&name=R2R_BTC
https://www.btcexa.com/exchange?tag=USDT&name=R2R_USDT

The last trading activity based on graph was on March 30, 2020.

Telegram announcement link: https://t.me/BTCEXA_Official
Telegram official group: https://t.me/BTCEXA

Seems to me that their group is now full of Chinese spam posts.

Twitter: https://twitter.com/BTCEXA_Official - Their last update was on December 20, 2019. No new updates since then.

3. Bitking

Trading pairs (manually search R2R for BTC and USDT pairing):

https://exchange.bitking.tech/#/exchange

Currently trading history wasn't detected in their platform.

They don't have social media channels as well.

4. ACX exchange

Trading pairs:

https://acx.io/markets/r2rbtc
https://acx.io/markets/r2rusdt

The last trading activity was on March 30, 2020.

Facebook: https://www.facebook.com/ACXIO-166422844109030/
Twitter: https://twitter.com/ACXTWEET

Both of these channels' last updates was on November 15, 2019. I tried to find their Telegram, but it was not found.

Final conclusion about these exchanges with R2R trading: All of the exchanges above I mentioned have no trading volume. Not just R2R, but other coins and tokens like BTC, ETH, etc. Is it possible that all of them are secretly owned by one person or an organization? Hmmmm......

Bounty distribution:

Lhaiyne (TG ID: @Crypppzzz), the admin of official CitiOS Telegram group mentioned that the bounty distribution takes place within July 2020. I hate to say this, but they won't likely gonna keep their word after 6-month lockup period is up.

Token status: https://etherscan.io/token/0x688ff43c3c19e4714f0beb76df8ee394207ab411

The last activity of the R2R token was on March 24, 2020 with only 26 token holders?

Before the coronavirus outbreak, I haven't seen any CitiOS team member attending conferences or summits, or holding public meetups, etc. They don't even have some series of videos about their project. I didn't even see them displaying their products or manufacturing facility of CitiOs actually developing these products mentioned in the whitepaper.

Here are some questions that I have in mind right now:

1. Is it possible that CitiOS silently "ditched" or "abandoned" crypto?
2. Are these 4 exchanges I've mentioned are linked to a single owner or entity? Or maybe secretly owned by CitiOS?
3. Are CitiOS' products stated in the whitepaper real or not? If it's real, why they can't show it to us in actual form like videos or photos that includes team members?

I am not accusing them of being an exit scam just yet, but I only researched their data and activity so far that proves my point. They aren't transparent enough to the community. Correct me if I'm wrong later on.

Any reaction, comment or objection would be highly appreciated, especially if you are an investor, bounty hunter or supporter of CitiOS (R2R) token. Thanks!

[Periodik]

For me, I don't want to complicate things anymore. Whether this project is scam or not, the mere fact that the volume is zero means this is garbage. So, that is more than enough proof for me that this project should not even be given attention. I don't need to even dig deeper about this project.

[Bttzed03]

The signs are already there:

• No updates on all social media channels from the team
• Listed on unknown exchanges and nothing since then

Yeah, you don't need to go any further to conclude that the project is dead and not worth buying unless you really want to prove that they are a scam project. Based on what you've given about the team, there might have been an internal conflict among them which broke down the whole project.

[bgaf]

As far as I know this project bounty handled by arteezy right? Maybe you can ask him if whats the real score about payment. Thats too bad to know that they will suddenly gone in spite of lots of exchanges they are listed. But to be honest, these exchanges are unfamiliar and probably not user friendly.

I am seeing it is hardly shill on social media by many users then their volume is down? Probably they will just left it once no hype created upon their hard promotions. Clearly a sign of S***

[Mpamaegbu]

As far as I know this project bounty handled by arteezy right? Maybe you can ask him if whats the real score about payment.

Yes, the bounty here was handled by Arteezy. But it became obvious that Arteezy didn't have any control over them once the bounty ended and it was time to update bounty hunters on distribution schedule. It was a sad development as many hunters who participated in that bounty realized too late they had walked into a tight corner. I think BMs should be asking any project they take on to escrow the tokens for hunters. I know a few BMs who do this and I always try to be in their bounties. Julerz is great at this, always asking for escrow for his hunters.

[rdewilde]

There are certain salient facts or happenings one can see and start having the idea that it is scam or the project is not worthy as previously thought as. From the post I can point out few things; first the project lacked trading volume for days which is a huge red flag I must say. No trading volume simply means users or investors do not find the project attractive or good for holding. This is where another point comes to play, for investors and users to stop trading the coin means the team must have been found wanting, which is seen in the negligence in their development and telegram group. For a good number of people, this two points are enough to forget and move on from the project.

[mdzahed134]

Though CitiOS teams is make scheduled on july for bounty distribution. It's looks suspecious and i think hunters will be deceive from these project, most possibility to list scam projects. Very interesting they applying for cmc and now it’s listed. Artezzy conducted last all of bounties are delayed of distribution. Bizpaye,IAT,Citios,Xcard these are still didn’t provide rewards. Escrow is secure so BM should going for the method.                             

[cheezcarls]

For me, Arteezy is a reliable BM. He distributed Verasity tokens as promised after bounty ended. I do agree that escrow is essential for BMs, especially CitiOS and other ones that he handled. Julerz is one good example. I see that his recent bounty has escrow, so it's good and I really vouch him for being a reliable and honest BM. Arteezy's a good guy, but I would love seeing him implementing an escrow too.

Not all BMs are perfect, but I believe they're improving after assessing and adjusting their activities, etc. We can't blame Arteezy for the recent uncertainties that are happening in the projects he handled for bounty program. We have no one to blame but the projects themselves.

As for CitiOS, it's strange that all of the exchanges (CCX Canada, BTCEXA, Bitking and ACX Exchange) are having no trading volume since April 1st. Not only CitiOS, but other pairings such as BTC, ETH, USDT, etc., all zero volume in all of these exchanges I've mentioned.

As what I have checked in CoinMarketCap chart, the last activity of CitiOS trading was on March 31, 2020 with a 24-hour volume of $95,421.40. Until now, no volume was generated in all trading pairs of these exchanges.

[Jocuserious]

I can't tell you this is good project because i check everything about ''Citios'' even totally low quality development projects, no have development activity, no have added good popular exchange.

This is ''Citios'' official account in bitcointalk, check out here :

Position: Brand New account
Post: 00
Activity: 00
Register date: 06 June, 2019
Last Active: 06 June, 2019

Click official Account

Here is something cmc update, at least long time still same think:


Here is again sometime else about exchange market pairs


Here is something announcement about bounty Hunter



Team already announced long time after bounty distribution but their not confirm yet. I don't understand team already take long time maybe 4-5 month for bounty paid but why not confirm yet?

Note: CitiOS IEO already finish in ''Probit exchange'' long time over but probit exchange not listing yet Citios token. So I can't tell you this is scam project or good project, even i show my own opinion now you can do more analysis about this project

[aemma]

In my own opinion any project with low trading volume which keeps getting worst is suspicious. Also, any project whose team aren't updating the community via their social media accounts or otherwise is also suspicious. To make it worst this project is listed on exchanges which are not well known in any way. So my final opinion is, the team are not sincere with the community neither is the current nature of their project good enough to bring in more users which shows the project is likely going down the drain.

[cheezcarls]

Okay so I think we have a new update from their legal advisor Malcolm Tan from Gravitas International regarding CitiOS if this project is still alive or not:



They’ve also disabled us from sending messages in the CitiOS group. Only the admins can message there.

And on July 3rd, they will be listed on Probit exchange:



Any thoughts or reactions on this guys after a long silence by the CitiOS team?

[JeotQ]

The volume wasn't real, the first time that citiOS get listed and trading on exchange I knew it's fake volume, no demand for that token at all, I came across the bounty campaign too, I felt sorry for those who spend time and energy to promote the project, they are want to build won't work

[cheezcarls]

The volume wasn't real, the first time that citiOS get listed and trading on exchange I knew it's fake volume, no demand for that token at all, I came across the bounty campaign too, I felt sorry for those who spend time and energy to promote the project, they are want to build won't work

And I can confirm that bounty manager Arteezy.rtx still has direct connection with the CitiOS team. He mentioned that there will be some delay and contacting them the following day regarding the updates about the distribution date, etc. Well, today is that day and Arteezy will be the one to give us updates instead of them. They are relaying messages to Arteezy, making him the middleman of the conversation. Another TG admin named Lhaiyne is also inactive.

It's not a good excuse that due to COVID-19, they can't take time to connect with the community. Only their legal advisor Malcolm Tan responded yesterday after a long period of activity and that's it.

They didn't explain their side on why the core team are not available on Telegram and take time to give us some updates. No updates from their social media channels too. They're not fully transparent to their community.

As for the bounty campaign, the 6-month lock period will expire this month and we are expecting distribution the following month. Correct me if I'm wrong, but I remember that 50% of the tokens allocated to each hunter will be distributed on the 1st month, and then 10% each month for the following months until it reaches 100%. Same concept with IATokens.

I still doubt if they are keeping their promise to the bounty hunters. The exchanges that R2R are listed are full of crap and kinda unknown in the market. Lately, they are gonna get listed to Probit on July 3rd. Malcolm also mentioned other exchanges, but never revealed them yet.

Why would they delay it again if we are waiting already for 6 months?

[minairia3]

Why would they delay it again if we are waiting already for 6 months?

Did you joined their bounty? I think there are some projects arteezy that did not pay also in the past. If its 6months waiting I think hunters must considered it as thank you or free promotions. This will be the same output on xdb that did not pay their actual dues on hunters. There are too many project like this one and usually ended up scam or not going to pay their participants.

Or yet even they pay them, the value is worthless and not valuable anymore.

[cheezcarls]

Why would they delay it again if we are waiting already for 6 months?

Did you joined their bounty? I think there are some projects arteezy that did not pay also in the past. If its 6months waiting I think hunters must considered it as thank you or free promotions. This will be the same output on xdb that did not pay their actual dues on hunters. There are too many project like this one and usually ended up scam or not going to pay their participants.

Or yet even they pay them, the value is worthless and not valuable anymore.

Yes I did mate. They only come out from the dark after legal advisor Malcolm Tan replied to Ezio's post claiming that CitiOS is not dead. So coming from Malcolm himself who has a good reputation in the legal side of crypto and blockchain, he replied to Ezio that it's far from "dead".

And listing R2R on Probit is something that I wanna monitor regarding their trading activity, whether if it's just wash trading, etc., after no more trading activity in 4 of the exchanges that they initially got listed.

Now this tells me that regulation is necessary and needs to be pushed and implemented accordingly. We are still vulnerable from being scammed by these so-called promising projects. I definitely want new startups who are planning to conduct token sale to be regulated by the government in order to protect us from getting our funds stolen and exit scammed. However, this process may take a long time to finally be implemented.

Startups keep coming and going. Only a handful of them would stand out to last long or become successful in the long run.

[cheezcarls]

UPDATE: I just found out that they silently list CitiOS (R2R) in P2PB2B.io.

Trading pair here: https://p2pb2b.io/trade/R2R_BTC

No trading volume so far in P2PB2B. As for Probit, the token dumped to $0.16 from $0.52 with 0.08 BTC trading volume.

As of now, no word from them about distributing tokens to bounty hunters after 6-month lockup period that already ended last month.

Bounty manager arteezy.rtx did said there might be a “delay” again in distributing the reward. If they do gonna distribute later on, I’m expecting a massive dump anyway since they don’t have any social media updates to the community. 

[minairia3]

Bounty manager arteezy.rtx did said there might be a “delay” again in distributing the reward. If they do gonna distribute later on, I’m expecting a massive dump anyway since they don’t have any social media updates to the community. 

The team is probably delaying it until liquidity arrives on their tokens. But their listed exchange is not a good choice, they probably suprise that this market does not make any volume. I believe most trades that happening on new listed tokens are just market maker by p2pb2b so no natural volume held there. I think you should not expect about this project anymore and just move on, even paying your participation if there is no market then its no use at all. Sorry for your suffering and all those who joined that campaign.

[mdzahed134]

UPDATE: I just found out that they silently list CitiOS (R2R) in P2PB2B.io.

Trading pair here: https://p2pb2b.io/trade/R2R_BTC

No trading volume so far in P2PB2B. As for Probit, the token dumped to $0.16 from $0.52 with 0.08 BTC trading volume.

As of now, no word from them about distributing tokens to bounty hunters after 6-month lockup period that already ended last month.

lol what's the next joke? i don’t know why they making partnership all of those shit exchanges. You know already CitiOs(R2R) listed a few lower quality exchanges, actually there're no volume. And now you mentioned another shit P2PB2B. I heard bounty distribution will happen within next 2 months but will pay 50% most provably.                  

[totoy4741]

The volume wasn't real, the first time that citiOS get listed and trading on exchange I knew it's fake volume, no demand for that token at all, I came across the bounty campaign too, I felt sorry for those who spend time and energy to promote the project, they are want to build won't work

That what was I thinking. The team are faking its volume in order to attract possible trader to able to gather some funds to be used for funding the projects because their ICO or IEO went unsuccessful or something like that. And I think CitIOs is associated with another real state project IAT which unfortunately have faced the same faith like citios.

[Ibizugbe1]

This is serious. This coin went very high and now zero trading volume. My friend had a high hope on this project, I don't know how he will fair now after seeing that this project is half dead. Reason I stop jumping on new projects with their frivolous promises.