Topic: Do you think CREDITS (CS) is a very well organized SCAM? (Read 507 times)

As it is not sad, but every fifth project that collects funding on the basis of ICO, can be a scam and created to steal funds. According to the analysis of the Wall Street Journal, out of 1,450 cryptocurrency projects that conducted ICOs, 271 (18.6%) have signs of a scam. In their White Paper, they found copied text fragments from other projects, or even outright lies about the management and development team with promises of big profits.
So... It looks like scam because price not going up so many years.

I have cut loss my investment since last year but why there are still some people keep their credits.
This coin has no volume and the price for each credit coin is always going down to the bottom too.
People should have realized about that and it doesn't make sense there are still some believers in the credits telegram group too. All of promises that already made by the developers were fake.

Guys just cut your losses and join a real project instead of this scam

The project is outdated, and they have not yet achieved the same goals they had set before. I believe that this project is also dead and no longer being developed for a long time, should not invest in projects like this.

I think you are talking about the Guerillas or ARMY. They are hired spammers to keep the telegram group alive and always active. They mostly talk about the project, projects developents or anything they want to talk related to the project even lying they do this and that just to make the group active. Don't base on anything negative you see on thing if you are not certain or unsure of what is really happening inside the group or behind the team.

I don't think Credits are a balant scam, if they were to scam users and run away, they would have done it already. They are here for a long time and working. They won't profit anymore unless the price of the tokens rise. The respective telegram channels are moderated by social team not the actual developers.

Although not a Credit Team, I have learned about this project since the beginning. I have also bought CS tokens since the project was launched. I believe in this project because Team has tried to develop it stronger and stronger.
You are just a beginner so your questions are only a waste of their time and they think it is spamer is understandable.
I hope you find out carefully before posting here, or you will be banned because of false propaganda

It is already a scam because they already have suspicious movements, you can just look in their telegram channel and whoever asks any updates regarding the project they just block them without giving any words. You can also check the progress of the project, it's been so long since they release a new one.

well, I strongly agree if someone traces deeper whether or not it really is a scam because it is really unfortunate if a good project like them scams and makes their good name bad, including the team behind the project.

Eventually, you will know if the project is genuine or not, the only thing that is worrisome is when a user get banned from asking basic questions that anyone who cares about the future of the project should be able to ask, as long a question is right on the cause of the project and not a fud, it shouldn't be enough to ban users,
This are some of the reasons why long term investment in some project is not so advisable, crypto is still very young, lots of things are not properly done, so better to take care while investing.

Nope they are using the name of Creditcoin improperly in order to promote their own coin.

Everyone knows that coinbase , ycombinator, youtube etc invested into credit[Suspicious link removed]gle it), so credits comes along and makes a similar name to ride on the hype.

its dishonest, and not fair to the real creditcoin.

I won't call Credits is a scam but their activities seem not honest. They lost everything where they have very good potential to be a top coin in the crypto market! Credits ICO investors made huge money but whoever did hold for a long time, their money got ruined. Now holding Credits coin for profit is a bad idea! So, be aware of holding it, they are not scamming yet, but who news the future?

But you know CREDITS developers activities are very unsatisfactory for investors. I think they still not developed main net. And telegram admins are so arrogant why blocking members who's asking regarding some update. I am holder these tokens in CREDTIS node but i see another allegations against CS. I think will need more investigation to proof scam.                  

The price will be reflecting the demand that has already got by the project and i do agree with your statement about the quality of the project will be revealed for sure. Price means everything especially for a crypto that used token as a security to company. The performance of this security will be reflecting the performance of company too.

uh yeah if the price does drop everyday it does mean its a scam lol

the REAL creditcoin has been doing the opposite and instead growing in price every day.
while the FAKE Credits has been going down every day

Look at the difference

real creditcoin is a coinbase child

fake credits is a scam with team dumping daily

Stay i can said that CS not scam yet even i am a CS holder long_trem, how we can final decision CS scam? This is not enough provide as your own opinion man. Their supply not bad everyday but sometimes as CS price drop under so that's not mean this is scam update.

Yup people need to be wary of projects that copy the names of more established legtitamate projects.

for example Credits copied the name of Creditcoin,
and then you have shady projects also like the various bitcoin forks etc

anything besides the original is most likely a scam.

Sure, I also feel they should be given more time. A lot of projects these days have some forms of delays in achieving certain milestones. However, I feel they should always update their communities on the latest developments and progress of work. Then they should try as much as possible to answer questions relating to the project whenever such arises.
Well, I also understand they might feel some people come on telegram to cause FUD and scare away investors, which might be the reason behind some actions. When it comes to situations like this, patience is needed and there are ways you can deal with such without causing any misunderstanding.

They are not answering any inquiries from their telegram channel and they are blocking messages from anyone who asks anything about the progress of the project, it is suspicious and this is enough evidence for everyone that this project is a scam.

It is a scam.
 
They copied the name of a more well-known coin (Creditcoin) that recieved investment from Coinbase, Y Combinator, etc and are trying to ride on that wave.

Creditcoin = Legitamate
Credits = SCAM

be careful

They're slow with their main et launch that doesn't label them as scam. Now they're migrating to own blockchain I hope you can correct some of your early assertions. About total supply increasing, check when they fixed for team token unlock if teams tokens has been unlocked then that's not a problem.

Lol you are joking about that dude. Please read the whole information regarding the discussion related to the credit and some people have already started to feel doubt caused by years after the first development progress and credit is still not giving any result. I have tried to use this blockchain and so far it's good but it's lack of features.

Scams run rampant in crypto industry, the projects in which i had so much belief turned out to scam. So i wouldn't be surprised about Credits.

You are right, circulating supply increasing it’s dosen't mean CREDITS is scam project. Most provably team and advisor tokens is unlocked recently but i see total supply is still unchanged. Telegram members gradually dropped also from big success projects. These things never proof it’s a scam. Developer should go faster implement those are promised.                               

Credits is not a scam project yet but their activities are suspicious! They had a very good hype, investors kept telling Credits blockchain will be a strong competitor of Ethereum! Credits have a very fast transaction technology and their vision was really big! But everything is past now, I think they are deceiving the investors! Many investors already moved on, I sold my coins long ago because that time Credits assumed a very slow project! Now, I got them, they are not slow rather dishonest in many ways!

Dude, it took them 3 years to hype their coin and still hasn't lunch their mainnet. They are also faking their partnership and investors still hasn't decided that it is a scam? investors really need to step up their game. It took me 20 mins of googling and looking at their website to find their crap.


That's pretty messed up. It's almost like the second Bitconnect.

To be honest, I'd merit this guy for being smart and researching, finding their crap before anyone else does. He hasn't online since so it's probably a waste. Kudos to OP though.

Credits. Nothing much to say. It was one of the most hyped platforms and projects during the ico bubble. A friend of mine who invested wanted sell his house and move to a smaller one. How did it turned out 2 years after?  Y'all know the answer. In my experience, hypes don't last. They die as quickly as they're made. Well, they still have a chance to change this narrative.

---

This is one of the ways that vaporware projects tricked investors in the ICO days. Not anymore.

Well, this is the end.
Credits blockchain platform officially dead. So you were right. CS was a scam. 

And some one commented that CREDITS is being listed on Binance Lol, do you want to know how they will get listed? By begging them

Someone shared these photos with me as I am not in the group.

https://imgur.com/a/Vm153g1

https://imgur.com/a/c5ruqMP

https://imgur.com/a/TuWKcy0


Credits team ask their members to retweet to CZbinance and again trying to create FAKE hype by spamming his twitter with begging requests.

Lol hilarious.

Yeah # of followers in Telegram doesn't guarantee a project's authenticity.

But with credits, 3 months ago they had 73,000 followers and now they have just 53,000 which means 20,000 followers dropped within 3 months.

Which means they were using bots to create hype and recently when Telegram deleted all such fake accounts and bots, credits reality was revealed....

Don't think about telegram followers. Majority of projects attracts bots and there is nothing strange. I know that credits has an office for like 100 members and they still hiring people. Let's see if they release something

I was participated on their campaign before and I have a faith with this project. but since they always postponed their mainnet, I start to leave their telegram group. I just waiting their progress to do made 1 million Transaction/sec. 

I will not give a verdict but i know credits blockchain project from the time of their ico and i will personally give them more time as they have announced the timeline but yes i agree that the product development and the release has been on the slower side.

Russian-based Team in Singapore?

The project is based in Singapore, yet its team members are exclusively Russian. This is quite unusual, and no doubt has raised more than a few eyebrows. The lack of software developers on the team is also concerning.

Further, while the team does have a few software engineers, it looks like the bulk of the team comprises of marketing people or those in charge of partnerships.

https://blokt.com/icos/credits-review

GOSH you really think people are so stupid that they can't go to website and find out details about what sort of FAKE PARTNERSHIP YOU ADVERTISED.

Check out what IBM websites says.


Following a review of major cloud services offerings on the market, Credits chose IBM Cloud solutions. The IBM team ran a proof-of-concept exercise to identify the optimal infrastructure for the company, designing an environment based on IBM Cloud bare metal servers located in IBM Cloud data centers in Dallas in the US, Sau Paulo in Brazil, Chennai in India, Singapore, Amsterdam in the Netherlands, London in the UK and Frankfurt in Germany.

https://www.ibm.com/case-studies/credits-ibm-cloud-blockchain-performance


I know you guys are smart and advertised the FAKE news so fastly that people never DTOR but now its exposed.

Then explain, if they are such hard workers, why do they block the message from their investors (clients)? It seems to me suspicious. No one has not canceled that a big project could be a scam. If the team is strengthened fighting with the chat is a very bad sign. So you can not see negative information. Then this negative information appears here on the forum.


I can not give you an answer is a draft scam or not. But I saw a lot of guys who quickly find the answer to this question.
I think we will read about it soon.

Lol now you are SPAMMING here again. You have already posted the same pointless comment in the other thread and I have replied you there. May be you need to grow up.

https://bitcointalksearch.org/topic/m.49622563

You are not smart investor, you are just a little boy who was blocked from their telegram channel because of spamming GIFs lol. DYOR peeps! Do you know the meaning of the word "scam"?? IBM will never put a scam project on their website and visit their office, so CREDITS IS NOT A SCAM. Scam project will never release several updated of testnet, collect bugs from 500+ testers and fix them in the futher updates. Scam project will never send pattent applications, visiting conferences and hosting meetups for their investors. Scam project will never partner with IBM and pass audits. SCAM project will spent all money on big exchanges because it cares only on Fast Pump. I AM SURE YOU WILL DELETE MY MESSAGE BECAUSE YOUR COMPLAINS WERE DESTROYED JUST IN FEW SENTENCES

Exactly. You keep posting stuff like "this project is the best, will save humanity to the moon, blah blah" and it doesn't matter even if you post it thousand times these msgs, no one will block you. But the moment you ask them about "FAKE NEWS ABOUT PARTNERSHIP WITH IBM" within a few secs, you are blocked and kicked out of the group and get banned.

  Let's be honest. Scammers do not like any questions. Participating in several projects as a hunter, I also asked questions regarding the project. And that in the end I was blocked. I understood it for a reason. If the project does so. This means only one thing is scam. They only store comments that are beneficial to them.

I wish I weren't newbie here and could post thousands of pics as a proof. But just look at this thread.
https://bitcointalksearch.org/topic/m.49476529

Banning is not the issue. Anyone talking nonsence, sending spam, etc should be banned. But they ban you once you find out the game they are playing and try to talk that in their group.

It will be interesting to look at this topic later, now it looks too funny. The fact that you were banned there and others does not mean anything. The team is focused on developing, not on answers like you, creating a negative background around the project.

Could you please tell what you mean by their team works very hard?

They are a bunch of marketing guys (and very great at it) who are just creating a fake hype on the telegram channel and will block anyone who dares to ask questions regarding their mainnet or updates

recently unexpected release of team tokens (without notifying anyone) and getting caught was the thing making people realize what they really are doing.

One of the most active tokens I have ever seen.
Their team works very hard.
I don't think CS is a scam.

If you feel that they are a scam project then do your research and post all your findings in the scam sections do not ask for opinions get the fact and what people think, this is injustice if the project is legit or you can help the community by helping people finding out about Credits.

I myself feel, since CS born until now they have been operating very actively. Moreover, the price of CS is divided but not significantly compared to the general situation of the market.
Talking about scam, many people assume that every coin in the market is scam.

Try to post this on some accusation thread in order to ensure that you can verify that this CS is a scam why? Because in scam accusation thread, people are focus on verifying not just commenting something about it.

Lol 1 year? dude, they will be gone with all the people's money they have taken. That's why I feel its better to discuss whether they are scam or no.

It's too early to tell they are not the only project that paused launching their platform and mainnet, I have seen a lot because of the market condition, they are still performing well in their volume, let's give them this year, or when the market is up.

And Blocking threat keeps on coming when people try to make sense

https://imgur.com/a/Y2sxK63

I don't want to rush to say that credits are a scam project, but the frequent delays in launching the blockchain make everyone worry and look suspicious. We'll see this year, if your accusations are correct, then everything will be proven.

Well there have been discussions in the Alt Coins section too before that's why I thought it'd be fine to post here. + do you think bringing coin in the market makes a project valid? What???

They are creating fake news and fake hype so people end up buying more of their coin and they could see all of them. that's it.

If your post to have some sense then create a compilation and create a thread on scam sections it seems you are not sure, if it is a scam site at all, and you just want to verify your feelings that it is a scam the token is already released in the market only the platform is not yet live let's give them some time.

Lol are you kidding me? Do you think some bot blocked me and that's why I am saying they are scam. Comon.

I was asking questions like why the token supply increased from 120 to 156 mil without informing anyone. Its like the team is releasing extra tokens which is not allowed.


- and I asked them about their fake marketing tactic of saying 'Partnership with IBM'...... That was such a cheap move. Credits is using IBM cloud services, not the other way round. IBM doesnot and will never need Credits blockchain.


Its like I am using Gmail so tomorrow I will claim I HAVE PARTNERSHIP WITH GOOGLE....... doesnt make sense at all.

That is not a way for determining if the project was a scam or not if they block you. Because some telegram group have programmed their bot to automatically block those person that are spamming on asking questions. Credits for me is a solid group and a legit coin.

im not a fan of CS blockchain but you must know that

1. They have stated in so many times if they will release the blockchain at this quarter, if you keep talk about time anytime and they consider that as a spam.

2. Not only CS but if you have joined in so many big platforms and they are all getting decrease on total members of their telegram group.
You can now try to take buddy as another example

3. That means the locked period for the team's token has already ended.

These what i got from watch credits tele group.

I knew it from the very first moment when I joined their Telegram group. But when I asked a few questions, I got banned from posting. I was soo shocked. Those were very basic questions that every one should have the right to ask about any project they are investing in.

So I started googling and found out this thread.
https://bitcointalksearch.org/topic/credits-ico-a-well-organized-scam-reviewresearch-3186812

and some video as the upper thread talked about. I was like wth. My doubts were right.

CREDITS is nothing but a well-organized SCAM......... SCAM

- Just check their telegram members dropped from 76,000 to 56,000 More than 20,000 members were dropped. well those were not members those were FAKE BOTS

- Every time you ask them about the Mainnet or ask a question about the low trading on exchanges, they block you.

- They have around 20 members team of scammers marketing experts in their Telegram group. Every time someone tries to raise a serious issue, one of them pops in and ask questions about UPDATES or like MEETUPS or like GENERAL BLOCKCHAIN trend and the admins shift their focus to that.

- They don't have a solid product but and keep doing FAKE PROMISE and giving FAKE HOPES to people by putting out ver 1,,2,3,4,................ infinity unless you are all dead times versions of testnet.

- People stating fake stories like 'I bought 20 grand credits', I bought 6 thousand worth of CS blah blah, I want to HODL forever, I am HODLING my 60 k CS, I want to BUy blah blah, but then I messaged them like hey I want to sell my CS you want to buy, and guess what, they blocked me too.

OH MY GOD!


Circulating supply used to be 127 million before...now it is 153 million.


Check out this new thing. They are releasing the token supply.

https://imgur.com/a/OzEiXJ7

https://imgur.com/a/OzEiXJ7

TRUST ME, PEOPLE, that's gonna be the biggest SCAM in the history of the blockchain.

Anyways the above are what many people's thoughts about Credits. That's why I'd say Stay away from it.. What do you think?