So following on from the IEO ICO thread where Yobit made 419 BTC out of scamming investors: https://bitcointalksearch.org/topic/another-yobit-scam-they-want-to-make-419-btc-in-their-next-scam-5225039
They are pumping out one fake IEO/ICO after another. None of these coins are transferable out of Yobit and they have no blockchain, no use - nothing. This one started today a few hours ago, the owners of Yobit have made 179.9 BTC directly from the sale of this one but will make much more on buy/sell fees. They are forcing people to have Yo tokens and x100 tokens before they can buy these IEO/ICO tokens and coins and too is making Yobit even more money.
Their primary function is to make free money for the Yobit scammers while knowing the ponzi sell wall will collapse at some point which would mean users will be seriously out of pocket when nobody will come along to buy the useless coins and the sell wall will be full with no users on the buy wall.
