Beware of SHAHIN MEDICAL

[Slow death]

ANN Thread:  SHAHIN MEDICAL ( archive )

Profile: @SHAHIN MEDICAL

Site: https://shaheenfaucet.xyz/ ( archive )

                                                                                                                       SHAHIN MEDICAL
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                                                                    revolutionary new digital payment it can be used as payment for medical products
                                                                                                               powered by Smart Contracts

                                                                                                                Supporting medical products
_______________________________________________________________________________ ___________________________________________
                                                                                                          
                                                                                                                       Website
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                                                                                                                https://shaheenfaucet.xyz

here are the reasons why I think people should be careful with this project:

1 - The site has a domain name that looks like it was created for the purpose of being a faucet: https://shaheenfaucet.xyz

2 - the XYZ domain does not appear to be any good for a website related to medical equipment

3 - I didn’t see a license or didn’t see them talking about who are the suppliers of medical equipment. In my country for example they ask for a license for any company that wants to sell medical equipment and I think that in other countries they do the same thing

4 - Team members hide their faces



5 - The whitepaper is very simple and does not contain relevant details about the project, it only talks about regulations and loss of Tokens. In short they wrote many things about technical things related to ETH, bitcoin and regulations, but did not say anything about the project

https://shaheenfaucet.xyz/pdfFiles/TokenRisks.pdf

6 - this is the store where they will sell the medical equipment: https://shaheenfaucet.xyz/Store.html ( archive ) in my opinion it does not seem to me that it is done seriously. we are talking about the medical sector, a very sensitive sector where governments are strict

[The Sceptical Chymist]

1 - The site has a domain name that looks like it was created for the purpose of being a faucet: https://shaheenfaucet.xyz

Yeah well, that was probably their first business plan that they abandoned after realizing it isn't all that profitable running a faucet (at least, that's what I've heard). 

This thing definitely looks and smells like a scam, and even if I'm not going to go so far as to call it such, it's still enough to put doubt in my mind and I think people ought to steer clear of this one unless or until they prove themselves legitimate.  I have yet to see blockchain technology and medicine brought together in a useful fashion, and I doubt this is an example of that.  Good catch, OP.