Topic: [Possible scam] FinxCoin ICO Project (Read 306 times)

because they will pay, it means that the project is big. 
The way they manage and the number of tokens that were distributed in a short period, lies and bad design of the site and there is no single positive indicator that you can say is enough to trust them.


Even if you receive your payments, I hope you do not leave the word "possible scam" because it is scam.

That is indeed true. In this topic I highlihgted the lack of valuable information in their basic whitpaper and roadmap. their documents and plans doesn’t show any value or what they offer to the market and potential investors that’s what making it more challenging to attract buyers and investors to their token and project. Beside that which is a very suspicious thing also despite having small and minimum awareness about this project on social media such as their Telegram chat group which is totally dead.

Given all these circumstances and questions it is difficult to believe their claim of generating $1 million in sales during their private presale. Who will believe this honestly?

To be honest, I don't see anything "big" about this project, and instead it looks like just one of the many similar altcoins around that brings nothing new to the market. Having said that, I am not surprised at their behaviour at all.


Hah, you can forget about that price from happening, considering the fact that they gve 500k of their tokens for only 4 weeks of campaigns. If you ask me, they don't value their token much which usually ends up badly for all those who invested their money, or time via bounty campaigns.

One advice: when resizing images, you don't have to use both width and height because in majorify of cases you will mes up the ratio and images will look distorted, like in this case. Either width or height is enough and the other will adjust automatically.

Update about FinxCoin bounty campaign where finally after long waiting they sent a response to Royse who’s been managing their campaign and followed everything in good way, and after he sent them a spreadsheet for payment to participants they disappeared for some time and answered today this way:



In my opinion a project this big should handle things more properly and faster. We will wait and see everything how it goes and if this project will ever launch and start their coin which needs a huge liquidity to reach the promised price of beyond the presale price 1 FIX = $0.15

They will not put a clause that they need to explain when questioned, if they put it, it's already a big warning sign.

They cannot force anyone they can only invite and when they launch a marketing campaign they expose their platform to investors part of exposing your project is addressing concerns.

There are risks but when these risks are exposed  you will not invest or work on this kind of project

I think OP has worked and invested in a lot of ICO so he knew that there are warning signs and if the warnings are not yet there it will be there it's just a matter of time to show up, I call this insight.

Before attempting to read my topic i made here and reply it is important for you to understand yourself first. None of what you said in your last two posts made any sense to me. You are ignoring the fact that this project might be a possible scam ( i also didn’t say that there’s clear evidence yet) and you’re blaming the participants and think it’s okay if Finxcoin doesn’t pay them.
I opened this topic because FinxCoin failed to pay the participants of the Royse bounty campaign. And Here is a reply from him about the matter :


When incidents like this occur in an ICO project there is a high possibility that the project is clearly aiming to raise money from investors with the Presale and then disappear.

And which conclusions do you want to make from this? If they will refuse to comply with their obligations wouldn't it be known not just on the forum? I don't think that this forum is isolated from all other web. If there are some questions about the team and the projects it represent these questions will stay and will be asked in other places also. Even if we imagine they are not so relying on this forum it doesn't mean they are not interested to answer the questions. Information tends to leak out.

To think is sometimes not so bad advice.

Oh! Comeon, do you think they only rely on the forum for investment. Suggest me a new projects that gain momentum after they went on with a bounty project on the forum after 2018.

There was a time when I participated on a bounty by Atomic wallet. Do you think such projects are coming to this forum. Every new project is now using automation. Remember forum is meant for Bitcoin. We have altcoin bounties as an additional traffic. The forum doesn't have any rules on altcoin bounties. Think before you reply.

Sometimes I wonder if we take a little time to think before we post here in this forum, just read your post and see what you just said, are you implying that if the signature campaign that you're currently working for refuses to pay you, you'll fold your hands and watch them walk away with the money you worked for?

What should we expect from a company that can't even keep their word by paying bounty hunters?
@elevates Take your time and think before you start typing. We understand you need to meet your weekly signature quota, but that doesn't mean you should start posting without thinking.

Don't they need investments? I talked myself with numerous projects representatives and saw how they answered others. All successful projects were very open to any questions, they explained all the community was keen in. And all the projects with arrogant team representatives who didn't want to answer simple and silly questions turned out to be a scam. Prospective projects are interested in their community, are interested in their investors, so they do explain.

Why would they? Is their a clause added that they need to explain themselves. No one was forced to participate in their bounty campaign and in the ICO! Risk is a prime factor when you either in invest or work for a new project as a bounty hunter. The problem starts when you do not have any factual evidence of scam and then you use the same forum to speculate a scam on anew project. We are in 2023, scam is common, unless any concrete evidence is provide I think such topics doesn't make any sense.

No real project will ever refuse comply with an obligation just on someone's topic on some forum. If their 25+ projects are real they can just explain the situation and get even more support being an open team. If they really have anything to show it is so easy to do to even improve their reputation. They should be transparent enough to collect investors money.

If they won't pay what they owe, this will just show that all suspicions were correct and not that they were offended by someone's topic.

Isn't it is too early to create a topic on scam! They just conducted their bounty program, they are still on the initial state of ICO and we have a topic on a possible scam. This why most projects have shifted to bounty automation. In my opinion we need more actual evidence first before creating a possible scam topic. Seeing this topic they might not even distribute the tokens earned by bounty hunters.

As of me this topic by @GxSTxV looks more like a merit mongering event. What has been posted on the OP are not evidence but a hypothetical analysis by this member on this project. Even if they did not have plan to scam bounty hunters, they will now eventually. A simple bounty project defamed without any concrete evidence. All evidence submitted are hypothetical and imaginative. This is what hyper active, imaginative and speculative members do to defame a project without any factual evidence. 

I believe they are, it's only a matter of time before there are bounty hunters and investors file a complaint about this project, dubious projects like to show they are really legit and at the same time minimize their exposure to the community so when they run away they are untraceable or there will be no harm in their personal lives.
When investing in ICO it should be when doubts don't, you should have zero suspicion and they are active in managing and building up their community.
Investors should have zero tolerance for developers who hold back, and they should be demanding in the development of the project and addressing their community's concerns.

Beside that you can notice something weird about the logos of their collaborators which looks like are made with one application or program as they have the same style, it’s not any valid proof but it’s also making it more and more suspicious with every detail.

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They look like very inactive and dead Linkedin profiles to me which makes them the perfect accounts that many account sellers sale for some bucks. You can see that they don’t have any activity or shared more than one picture of them or anything related to the project.
None of them has actually did or planned for AMAs, they didn’t even do a KYC or Auditing after listing in Coinsniper

I've checked the LINKEDIN accounts of some of their members and they looked legit, if this is a potential scam this is clear evidence that scammers are now good at making their projects look real and legit.
They should go here and defend themselves and agree to do AMA or ask me anything video, they need to prove that they are legit people because the project is now questionable, if you are going to ask for crowdfunding you have to be very visible, we are past the olden days where a simple picture is enough to launch a crowdfunding.

Their inactivity on Twitter is weird. latest tweeted from a long time ago, not to mention that they plan to sell Available for Pre-Sale: 30,000,000 FIX Tokens which is a lot for 0.15 price.


It was found that the Collaborations page does not contain links, and the chart indicates that they started the site during this year, although the site was registered from last year.
They are scammers.

Well, I looked through the team of this project. What is strange is that all they changed their pictures in the profile during last year. Next strange is that they use this pictures for this project only. And the third: if to search some team members with rare names like Gerald Provost, Mohammad Hasan Sajjad, Natali Nadoevi or Ketevan Chochia we can see that there are no other pictures of them in Internet. It is also unexpected. Usually many of us have some social life and there are pictures of us in our own social network accs or in accs of our friends. There are also pictures and videos in media if we are active enough. No pictures for majority of members of a team looks unexpected.


The address provided on the website of this company (309 Fellowship Road Suite 200, Mount Laurel, NJ 08054, USA) is provided by virtual office for rent service. The same projects as mentioned on their page (which are the same as 25+ Collaborations On Boarded on FinXCoin site, most have address on 309 Fellowship Road Suite 200, Mount Laurel, NJ 08054, USA) are mentioned on the page of HSBLCO company from Bangladesh (821 (4th Floor), West Shawrapara, Begum Rokeya Sharani, Dhaka-1216, Bangladesh). And there we see Mohammad Hasan Sajjad (Sumon), Managing Director & CEO. If we'll look at the site how it looked on the 4th of April we'll see it had the same address on 309 Fellowship Road, Suite 200, Mt. Laurel, NJ 08054, USA.

If we'll look at some store from the list of 25+ Collaborations (https://brandszoneglobal.com) it just doesn't work, there is only main page. I suppose other projects can be shells also.

I created this topic mainly to gather more information about an ICO project that I highly suspect of being a scam. They started a social media bounty campaign in the bounties section, which can be found here: Finxbit.com | Future of Technology with FinXCoin | Bounty. This campaign ran from April 16, 2023, and had 383 participants, as evidenced in the spreadsheet here.

It's important to note that the bounty campaign is being managed by Royse777, who has performed his role in the perfect way. But he has explicitly stated that his involvement is separate from the project itself since he is only managing this bounty and the participants take the full responsibility to DYOR. as indicated here.

I encountered this project when Royse firstly announced it in his Telegram group. My initial impression was that their website used a commonly utilized script that has been associated with numerous ICO projects that eventually turned out to be scams. Even though at that time there was no evidence to accuse or know the intentions behind this project.

A few days later one of their team members posted a topic ( couldn’t find it anymore) seeking a community manager. Given my experience with similar projects I decided to apply. But i wasnt accepted due to a better participant.



The concerning aspect is that this project currently has no chat group (telegram or discord) where new users and investors can engage in discussions, ask questions, or share their opinions. I also noticed that their Discord server was shut, When a project ignore this important step such a community it very suspicion of being a scam.
Also after the bounty campaign was over, Royse sent the spreadsheet to the manager for participant payouts and token distribution. But seeing in Royse Bounty Hunters telegram group i saw that participants are reporting delayed payments, and the team didnt provide any answers yet. This looks like potential rug pull to me.
Lately they introduced us their CEO, co-founder, CTO, and others on LinkedIn, after examining their profiles they appear highly suspicious and resemble fake accounts in my opinion.

Three of these profiles have one company in common as employments, called Transborder Ventures. And after doing a research about it I wasnt able to find any substantial information about this company or understand its purposes or relation with creating such a project. So in my opinion it’s also fake or they bought it as a cover.



The whitepaper is nearly lacking of information regarding the future of this project or the strategies employed for creating the token and conducting a presale which makes things also more suspicious.

We can’t currently prove anything against FinxCoin project. But based on my previous experiences with similar projects I can say that there is a high possibility (around 90%) that this project is a scam. It appears to be an attempt to collect investors' money and disapear.
 I sincerely hope that Royse provides us with positive updates regarding this issue and ensures that the participants receive their tokens that they can trade upon the project's launch.
 I am also certain that more users may have evidence to share regarding this project. I did my best here and nothing is yet certain.