We thought about CitiOS as one of the most promising projects after their price jumped as much as $6.00+ before nosediving to less than $3.00. However, I have found out lately in CoinMarketCap that CitiOS has zero trading volume since April 1st, and this is where something's fishy going on.
Because of that, I took my time to research and here's what I have deeply found about CitiOS:
Let's talk about their team first:
Manas Ronghe, MBA - https://www.linkedin.com/in/manas-ronghe-mba/
In his background, he only worked for CitiOS as Director of Operations (Consulting) from July 2019 to November 2019. It means that he is no longer part of the CitiOS team, but his team picture is still on the CitiOS' website.
Robert Choi, Ph.D - Vice President for Marketing - https://www.linkedin.com/in/mktforum/
I checked his background, but I don't see him having any history of working with CitiOS anymore.
Kailash Raghuwanshi - Director of Operations (Asia Pacific) - https://www.linkedin.com/in/kailgfx/
Upon checking his background, he worked with CitiOS from May 2019 to February 2020. It means as of today, he is no longer with the team.
Hareo Hamada - Technical Advisor - https://www.linkedin.com/in/hareo-hamada-120665a/
Seems that this guy has not much activity on LinkedIn and no proof that he is working with CitiOS.
Takaro Harada (Project Director) and Satoshi Fukudome (Financial Controller) have no LinkedIn accounts displayed in the team page.
Malcolm Tan - Legal Advisor - https://www.linkedin.com/in/malcolmtan/
This guy hasn't included CitiOS in his profile background. But he's real, because he met one of my colleagues at a roofdeck bar in Makati few months ago.
Eugene Lu - Marketing Advisor - https://www.linkedin.com/in/e-l-0a898639/
Upon checking his LinkedIn background, there's also no proof that he was the marketing advisor of CitiOS.
Final thoughts about the team: I believe there's a secret team behind CitiOS, but won't disclose who they are. They didn't announce to their social media channels regarding the resignations of Mr. Ronghe and Raghuwanshi (based on their LinkedIn background history).
I am trying to reach them out on LinkedIn, but haven't accepted my connection request yet.
Let's take a look at their social media accounts:
Telegram - https://t.me/CitiOS_Official
Owner: Lhaiyne - @Crypppzzz
Status: Telegram channel is almost dead without much development updates. All I hear was complaints from some members regarding distribution, no real team behind CitiOS, etc. I believe that the admin is the only one with direct connection to the ones behind CitiOS. Development team members are not also active in addressing the community on Telegram.
Facebook - https://www.facebook.com/CitiOSofficial/
Status: CitiOS' last update was July 15, 2019
Twitter - https://twitter.com/CitiosOfficial
Status: Last update was on March 22, 2019
Medium - https://medium.com/@CitiOS_Official
Status: Last update was on December 16, 2019
Reddit: https://www.reddit.com/user/CitiOS_Official
Status: Last update was 5 months ago
Quora: https://www.quora.com/profile/CitiOS-Official
Status: Not active since registering their account
Youtube: https://www.youtube.com/channel/UC3VlemFFdIvEh4V8Muv8iig
Status: No videos since creating their account on June 10, 2019
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2621831
Status: No posts since the day of registration.
I also have a strange feeling about these exchanges where CitiOS (R2R) got listed because all of them have no trading volume for several days:
1. CCX Canada
https://ccxcanada.com/ - Page isn't working
https://ccxcanada.com/authentication/sign_in - It's still online and tried signing in but nothing happened. Same thing when I tried signing up
Trading pairs:
https://ccxcanada.com/markets/r2rbtc
https://ccxcanada.com/markets/r2rusdt
As I have checked the trading history, the last activity was March 25th. When I checked their exchange on CoinMarketCap, it says "under maintenance".
See here: https://coinmarketcap.com/currencies/citios/markets/
Twitter: https://twitter.com/CCX_Canada - Their last update was March 12 completing the maintenance. However, they didn't update us that they're going to be under maintenance again. No update from them ever since.
I tried searching their official Telegram, but I can't find it.
2. BTCEXA
Trading pairs:
https://www.btcexa.com/exchange?tag=BTC&name=R2R_BTC
https://www.btcexa.com/exchange?tag=USDT&name=R2R_USDT
The last trading activity based on graph was on March 30, 2020.
Telegram announcement link: https://t.me/BTCEXA_Official
Telegram official group: https://t.me/BTCEXA
Seems to me that their group is now full of Chinese spam posts.
Twitter: https://twitter.com/BTCEXA_Official - Their last update was on December 20, 2019. No new updates since then.
3. Bitking
Trading pairs (manually search R2R for BTC and USDT pairing):
https://exchange.bitking.tech/#/exchange
Currently trading history wasn't detected in their platform.
They don't have social media channels as well.
4. ACX exchange
Trading pairs:
https://acx.io/markets/r2rbtc
https://acx.io/markets/r2rusdt
The last trading activity was on March 30, 2020.
Facebook: https://www.facebook.com/ACXIO-166422844109030/
Twitter: https://twitter.com/ACXTWEET
Both of these channels' last updates was on November 15, 2019. I tried to find their Telegram, but it was not found.
Final conclusion about these exchanges with R2R trading: All of the exchanges above I mentioned have no trading volume. Not just R2R, but other coins and tokens like BTC, ETH, etc. Is it possible that all of them are secretly owned by one person or an organization? Hmmmm......
Bounty distribution:
Lhaiyne (TG ID: @Crypppzzz), the admin of official CitiOS Telegram group mentioned that the bounty distribution takes place within July 2020. I hate to say this, but they won't likely gonna keep their word after 6-month lockup period is up.
Token status: https://etherscan.io/token/0x688ff43c3c19e4714f0beb76df8ee394207ab411
The last activity of the R2R token was on March 24, 2020 with only 26 token holders?
Before the coronavirus outbreak, I haven't seen any CitiOS team member attending conferences or summits, or holding public meetups, etc. They don't even have some series of videos about their project. I didn't even see them displaying their products or manufacturing facility of CitiOs actually developing these products mentioned in the whitepaper.
Here are some questions that I have in mind right now:
1. Is it possible that CitiOS silently "ditched" or "abandoned" crypto?
2. Are these 4 exchanges I've mentioned are linked to a single owner or entity? Or maybe secretly owned by CitiOS?
3. Are CitiOS' products stated in the whitepaper real or not? If it's real, why they can't show it to us in actual form like videos or photos that includes team members?
I am not accusing them of being an exit scam just yet, but I only researched their data and activity so far that proves my point. They aren't transparent enough to the community. Correct me if I'm wrong later on.
Any reaction, comment or objection would be highly appreciated, especially if you are an investor, bounty hunter or supporter of CitiOS (R2R) token. Thanks!
Topic: Is CitiOS (R2R) gone for good? - page 2. (Read 397 times)
Jump to: