Topic: MoneyToken SCAM or NOT ? (Read 312 times)

I think it's all about reputation of icodrops. There is still many ICO listing websites out there. And most of them give fake ratings to fake ICO, they don't bother to verify any information whether it be team members or originality of whitepaper. Still, I consider ICOdrops one of the best examples of ICO website that verifies at least something. It is really difficult to find there any scam ICO, which has red flags from the start. In this case they, however, fucked up. So, to make the long story short, don't trust even trusted websites, verify for yourself everything on the Internet, check scam accusation board.  

as you talked about this subject after so long, i went to your website and saw that their ICO is ended on 7 JUNE 2018 and there are some things you need to fix on your website:

1 - https://moneytoken.com

The site is not working



It looks like the correct website link Is this: https://moneytoken.eu

2 - their accounts of: Facebook, Telegram, twitter do not work, and you need to correct the Bitcointalk link.



when I click on the bitcointalk link, I'm directed to here: [ANN][ICO] PerksCoin - 🌲GLOBAL PTP ECOSYSTEM FOR CANNABIS INDUSTRY 🌲🔥🚀

this Is the Money Token ANN Thread:  Money Token - Cryptocurrency Backed Loan Platform 🚀🔥

many years have passed and they have had enough time to spend all the money they managed to obtain, what do you hope to achieve by investigating them?

Hello, I am investigating the MoneyToken ICO.

Could you provide more data than the information in this article? Thank.

https://shitcoinoffering.com/not-financial-advice-real-talk-moneytoken/

Isn't Money Token distributing and can be traded on several exchangers.
I don't think this is a SCAM, they have done their best.

Even though it isn't a scam, I think the project itself is not worth anything. So sad that more than $30m was raised just because Ver is on the advisor list. I wonder what will happen with them in the future.

Not so long ago, we told you about the cryptopawnshop MoneyToken and their adventures, and now the story is completed with project's COO interview. To sort out why it's actually not a scam, we talked to Alex Fisun and had found out some inside info. Meet our new Shitcoinoffering Interview segment!

https://shitcoinoffering.com/not-financial-advice-real-talk-moneytoken/

Maybe you will receive your tokens but it's not a proof that IMT isn't scam
We monitor MoneyToken and we'll share our results as soon as possible. Anyway, you can find something and share with us in Telegram Chat - https://t.me/shitcoinofferingchat, it will help us in our investigation. We are always opened to discuss ICOs and scams

I am waiting for a transaction to be completed for a month and a half. Admins keep lying to me that I will receive my tokens soon. Isn't this a SCAM ICO ?

Guys, thanks for your attention to this topic but please share your thoughts with facts or argue your opinion

yeah scammers everywhere !!

One more scam token lol

Sep. 27 we published a review of MoneyToken ICO where we claimed it as shittoken.
https://medium.com/@shitcoinoffering/moneytoken-even-roger-ver-cant-save-it-57b07df286d4

That time we didn't say that it was scam and one of MoneyToken employees called Mike asked me to delete this article relying on the opinion that facts we have used had no proofs and said that we try to FUD people. As a response, we said he could leave comments and prove that IMT wasn't scam... More proofs than "We have MVP, so it's not a scam", "The projects is launched and it works" we have not received from them...


" Moneytoken claims to be a crypto-backed loan platfrom: However they do not have an escrow service, they are opening a margin position when users get "loan" and if value of collateral goes down 30% your margin position gets closed. Plus users either pays daily interest or pays membership fee to get "loan"

- During ICO, Roger Ver was a great asset for them to collect funds. Roger Ver didn't make any comment after ICO. When Roger was asked about Moneytoken on live chat investors' comment got deleted and they were kicked from the live video room

- During ICO, Jerome (CEO) with his British accent was having videos in professional London style office and Moneytoken team was telling people that they have office in London. However, it was never clear where their office was. After the ICO, team showed their office, which was in Ukraine!

- They did not register with SEC and they have accepted investors from US.

- They have collected $38,000,000 from investors. Their website and margin trading system could be designed and coded for max $10,000. They have spent very little, nearly none in Marketing.

- Jerome opened a new business in Ukraine right after ICO. At that time investors' token were locked with the reason that Moneytoken team was "waiting" for a "top" exchange to list IMT.

- 2 months after ICO IMT (Moneytoken) was listed in LAToken, Bitforex, Coinsuper and IDEX

- They banned hundreds of investors from their Telegram channel. There is no conversation on their channel except Moneytoken paid admins and some fake accounts.

- Those fake accounts also trolled investors in non-admin Moneytoken channel that we scam victims talk. At the moment that channel is under attack with horrible images you wouldn't want to see (however, all the history of investors conversations are there)

- There is no need for IMT as its only use case of IMT is to pay membership fee to get a "loan" (which is a margin position you can do for free)

- There are many more I can add. Lastly, they claim to create a financial ecosystem in Ukraine without complying with SEC and countless red-flags"


We started this topic to prevent investors being scammed and to find out the truth.
Anyway, we want to be fair and we stand for truth. That's why please be free to share your opinion, facts and proofs.
In blockchain we trust.