Author

Topic: Donationchain - SCAM - Fake Team (Read 179 times)

hero member
Activity: 1526
Merit: 596
November 27, 2018, 03:42:20 AM
#3
Kinda ironic how the whole thing is supposed to be a way of raising funds for donations, and that's exactly what it is? As in donations to the founder of the website  Tongue

I mean, it's really as obvious as can be here. I'm sure that we've all heard crowdfunding, donations, charities and whatnot as an idea of an ICO hundreds of times by now, and that's one of the signs of a scam ICO in terms of reusing old idea. Furthermore, the actual "buy tokens" page is just so rudimentary. There is just an address which you send the funds to and that's it. No KYC checks that are usually necessary with legit projects, no accounts registration. There's no working product; it's complete vaporware.

Usually, when you see these signs, it's a good indicator of the untrustworthiness of the investment that you're about to make. But always, always look into the team itself to see if it's legit. We've seen a ton of fake teams being exposed recently, it's quite routine for an ICO to do.
member
Activity: 364
Merit: 34
Fast, Smart, Trustworthy
November 25, 2018, 12:01:26 PM
#2
This is indeed a stupid scammer. Look at their whitepaper and what they write to convince investors.

https://donationchain.life/whitepaperEN.pdf
https://web.archive.org/web/20181125164936/https://donationchain.life/whitepaperEN.pdf

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With our project, all people in the world, especially the crypto world, can donate some of their sustenance

Yep. Crypto food is possible to eat.

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In our SMART DONATION SYSTEM (SDS) technology

Hm, that concept is quite prolix.

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when the funds have been collected, our system automatically closes and sends the funds to our team who are on location.

Investors will automatically send him Lambo.

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we use blockchain technology so users feel safe when they want to donate.
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MARKETING MODEL
Referral Program
We will give a 10% reference bonus if your referral donates their funds to me

LoL, A lie has no legs.
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