TL;DR $HOMI token by HomiHelp is a Scam coin.
Firstly: Callisto Dev Dexaran does auditing too.
In regards to your Scam claim, someone doing a venture seeking to profit from that work cannot be said a scam. Sure you can question their motivations but wanting to make money doesn't make it a scam. The circulating supply issue could be a reporting issue with CMC, where as CoinGecko reports it as unknown, and market-cap as unknown. You have not looked into why this is the case.
Many of these projects that ride on Waves, or Ethereum... do so as they are not blockchain developers, but application makers.. or marketers... this is a part of the attractive ecosystem of projects like DOT, people can purchase hosting for their blockchain, without needing to build it from the ground up, or run their own nodes. But on the other hand, people with a blockchain developing idea can code on an existing base like Substrate and still come off as experimental and exciting. So there are multiple uses for riding on another blockchain -- you have simply identified that this project is the former not the latter.
Cryptospace is a diverse place with many different applications for its use. The price sky rocketing on HomiHelp is more the market mentality than it is the fault of the team behind this ambition.
A coin like NANO is about pioneering DAG technology VS. other methods of POW or POS chains, not using blocks . et cetera... its purpose is to offer a money gateway... and so... these economics you mention would be more concerning there.
In this instance, HomiHelp is just a novel idea from a creator with lots of experience with these kinds of marketing ideas... as you point out. The hope obviously is, if this idea takes hold in the western market.. then they will use revenue generated to further develop the idea for greater adoption. Or use their revenue to go into other ideas they have, as it is their revenue... this is the difference between the cryptomarket and the stock market... HomiHelp has delivered what they promised, and they may have never promised it to be the most amazing thing you've ever seen... or that it will still be around in 2 or 10 years. But cryptospace is a developing market, which means people come here to try their luck... and develop upon their ideas. You cannot deny HomiHelp is an idea, but in YOUR opinion, it is a scam.
If you're going to shoot something down before it has even gotten off the ground, then you are the con-artists, for bringing such negativity into a community without any want to contribute.
You are right in mentioning the general etiquette that people should not FOMO into things and FUD out of things, and be more level headed with their money, but that is not upto HomiHelp to control. As marketers they may won't to capitalize on this crazy cryptospace mentality, but you cannot blame them for the price in any way.
You have contributed FUD knowing full well the sensitive ecosystem of hysterical investors that exist in this space, so would you be happy to see people lose money based on your claim it is a scam, which would ultimately prove you right... all we can truly say then is that this is wishful thinking...
Your evidence is fickle at best, in terms of being a SCAM.
It is not un-valuable information to an investor, so maybe you could simply share the information without any conclusion or accusation attached and people can make up their own minds, not be swayed by your FUD.
This model of project, and 'onecoin' or 'bitconnect' have absolutely NO similarities in anyway (contextual to the cryptospace environment).... bitconnect had its own chain for one thing. Holding majority of supply is always of concern, but you didn't look into the whitepaper and tell us what their distribution plan was or anything, and it is the duty of the person making the scam claim to do the work and produce the information, not for people witnessing it to go and prove you wrong.
Why not simply ask them what their plan is for the FUND account which holds majority supply how will they use this to better the investment, will they consider distributing it to users to promote adoption? This is how constructive contribution looks like in a project.. we talk about what is best.
Yes the discord does look empty and the invite link seems to be broken atm. But some projects don't focus on running a discord. You could suggest they hold more community activities and discussions there, but it isn't a SCAM just because it has little interest as a community front.
The fact they have a vanity title on the Develop FUNDS account, really highlights they were not intending on hiding away the total supply from anyone. All your accusation means is that the rank on CoinMarketCap is mis-represented, and people need to do their own math to figure out the true rank of HomiHelp at the moment. But i've hung around in many projects that have issues with CMC and struggle to get them resolved... so you cannot use this to base your scam claim.
Your opinion that something is over valued and your reasons WHY is NOT... an investigation into criminality and it is not proof any SCAM has taken place, or WILL take place. It is just YOUR opinion. And I am not saying your opinion is wrong or right, I am saying that MY opinion is.... you're talking out of your arse (with the accusation) and your 'research' is just basic common sense for most people... to check before buying anything. You have valid points but not in context of your conclusion.
Also the fact they have gotten listings with revenue from this crazy market, and seek partnerships with the rapport investors have given to them by CHOOSING TO INVEST, shows they are dedicated to getting this thing off the ground. They didn't cash out and run... they reinvested the sold tokens into listings and expanding the usefulness of the program. If they get rich off it, like I said, this isn't the stock market, there isn't that sort of COMPANY ACCOUNTABILITY OF EXPENDITURES, you're in the wrong market if you're comparing the two at this point in the game. The fact they have listings and partnerships... in your OPINION is evidence that it is a SCAM... which shows your bias when assessing information to begin with.
Disclaimer: I hold no HomiHelp and I am not an investor or affiliated with it in anyway, I am just a potential investor who has to waste their time sifting through your false claims, because you provided inadequate information. But your user experience is valuable, just don't call it a SCAM, that is not your conclusion to make, even if you've decided not to buy this particular shitcoin... out of THOUSANDS. Some projects in the top 200 don't even HAVE a product... so you're hardly revealing anything awe inspiring... this project looks like it is just getting started and it has more going on than most (which isn't an endorsement it is just a common sense observation.)
