be careful with Primary Exchange

[Slow death]

Website: https://www.priexchange.io/ ( archive )

Profile: @FantasyGold

ANN Thread: Primary Exchange Launches New Crypto Coin September 1  ( archive )

Primary Exchange is hitting global headlines in the world of cryptocurrencies as they formally announce the launch of their PRI Coin on the 1st of September, 2020. Determined to become the world’s most user-friendly and straightforward cryptocurrency there is, Primary Exchange is offering customer support in Chinese, English and Dutch. With a supply of 21,000,000 PRI on offer, investors can access it at a modest price of USD 0.10 per token; which should excite any trader.

1 - Has anonymous team:



2 - I didn't understand why they need to create an altcoin and why people would buy their altcoin

3 - I didn't understand what is their business model

Their website has this:






everything Is very suspicious

[TheUltraElite]

A 10% discount is normally given to the investors. But a whooping 50% discount? Like begging people to buy their coin (<<make that scam)

If the team is anonymous, they are not to be trusted. People may argue here just to make themselves look good that crypto is about anonymity, but they are using a biased statement here. Running a project that is publicly traded, they need to be known and legally approachable.

But we know how these "projects" end up dont we?

[Pmalek]

You can understand a lot about a project by the way the team communicates with its community. Take the ANN of this project as an example. It was posted on 8 AUG. Since then, the OP has been offline. Both coupable and Slow death asked for clarification what Primary Exchange is all about and OP didn't yet find time to address these concerns. Very sketchy approach.

And look at the way they spelled Wang Yong's profession. It says Processmanager
And Wang Yan is just plain and simple Finance. Maybe he is the King of Finance.

[cryptoaddictchie]

But a whooping 50% discount?

Thats enticing bonus but not really good approach as marketing.

It was posted on 8 AUG. Since then, the OP has been offline. Both coupable and Slow death asked for clarification what Primary Exchange is all about and OP didn't yet find time to address these concerns.

One thing about legit project is their ability to communicate. The inquiry is not hard to answer but given they are just created an ANN for publicity is merely a display or method to market their project. This is too shallow, that would definitely not gonna work on scam busters here.

Ive searched its domain it seems that it is from Malaysia.

Domain Info:

Code:

Domain Name: PRIEXCHANGE.IO
Registry Domain ID: D503300001185583196-LRMS
Registrar WHOIS Server:
Registrar URL: http://www.netim.com
Updated Date: 2020-07-29T20:32:46Z
Creation Date: 2020-05-30T19:28:17Z
Registry Expiry Date: 2021-05-30T19:28:17Z
Registrar Registration Expiration Date:
Registrar: NETIM SARL
Registrar IANA ID: 1519

[TalkStar]

Ive searched its domain it seems that it is from Malaysia.

Just checked their contact details where they are using china based address.



If i am not wrong then they tried to blend ecommerce with tokensale together to make everyone believe that they are selling physical products (shoes) and accepting payments through their own token. Actually they have no apps where they just put a section on their frontend to show that they have their published app on google play store and IOS store.