Topic: Scam Projects/Coins (Read 205 times)
It's nice that you created a list of bounty scams and included a short summary of your findings. This would really help the investors and also the bounty hunters which project they should support or to avoid.
update
Nut much Informations Scams Projects
| Coin Name | Coin Code | Link | Category | Summary |
| Innovative Bioresearch Classic | INNBC | innovativebioresearch.com | Scam | INNBC first started as a token with a large supply (where the developer also created more and more tokens like their other token INNBCL) Same method like INNBCL. They are selling themselves as a biotech company (to create trust toward investors) After a swap to reduce the supply to 150.000.000 tokens, they organized a scam swap. They used the last price for the swap ratio, and offcourse the owner dropped the price of the tokens. Now the owner had MORE THEN 99% of the token. PLEASE think before you buy this scam!!! |
| CTN | CTN | ecomelize.com | Scam | CTN doesn't really exist. It is a "coin" invented by an MLM outfit called EComelize as part of their "ecosystem" aimed at selling packages that purportedly enhance businesses. The "coin" is neither traded not exchangeable. It bears no relation to previous scam coin CTN - Central Trust Network |
| Secrets of Zurich | Soz | soz.fund | Scam | There's nothing to tell really. Yet another "whatever on blockchain“ project. |
| Hycon | HYC | hycon.io | Scam | The sole remaining Cryptonight v7 coin. This coin has 5 Billion max supply with nearly 3 Billion Pre-mined. Curiously its supply is listed at the BOTTOM of it's white paper. (page 29/30) Launched in late 2018, 97% of it's value has tanked. As of February 2020, this coin appears to be optionally clone- split into an ERC-20 token To make matters worse CNv7 was infested with FGPA's which is why all active coins forked off it. |
| CoronaCoin | NCOV | coronacoinofficial.com | Scam | CoronaCoin born about two months ago has now died as it should be. A project based on the misfortune of others is nothing short of chilling and reprehensible. Unfortunately for the investors, the creators of the project will now be enjoying their money who knows where. |
| thin | THC | Scam | THINCOIN | |
| Chain Link | LINK | chain.link | SCAm | Chainlink seeks to solve the "Oracle Problem", however; has failed to bring the project to fruition after multiple investor injections. Sergey Nazarov has claimed false partnerships, one of which being with Google, that have been repudiated to encourage further investments into the project while simultaneously withholding 650 million link tokens of the 1 billion that were to enter. Further, Chainlink has recently suffered a major blow to their project as US cryptocurrency trading platform Coinbase has chosen to go with Open Oracle. |
| VisionX | VNX | visionx.org | Deceased | Not intended to be a scam from its spring, but turned out in the end that they funneled funds to other company. Sold their tokens on their community and ran away. Finally dead by delisting from Kucoin. https://archive.is/tagm2 |
| LitecoinHD | LHD | miningpoolstats.stream | Scam | LitecoinHD is one of dozens of fronts for the BitcoinHD a.k.a BHD. 700 PB of hashed-data is used to mine a coin that used to be worth 6 cents (is now [1 penny). This is because of dual mining functionality. (Mining Pool Stats shows nearly all their miners also mine BHD) There is no team whatsoever. |
| Thebillioncoin | TBC | tbc009.net | Scam | The Philippines Securities and Exchange Commission (SEC) has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin” (TBC). Marketed as a so-called “abundance-based cryptocurrency,” the SEC said in an advisory on April 14 that TBCoin’s promoters present the asset as a decentralized cryptocurrency that “aims to revolutionize the global financial system in order to eradicate world poverty.” The concept of abundance is used to justify the asset’s autonomy from “market-driven norms” and prices by alleging that the more investors there will be, the higher the coin’s price will go. for more information about this: https://cointelegraph.com/news/philippine-sec-exposes-fraudulent-abundance-based-crypto-investment-scheme |
| Cyprus | XCY | cypruscoin.club | Scam | We have built CyprusCoin as a fast emission Cryptonote coin that aims to provide users a secure environment to handle their funds. On the technology side we are trying to have an advanced but at same time easy to use interface that will help everyday users to manage their funds safe and securely. Cyprus has always been and still is a popular destination for those who want to have a great holiday, form offshore companies, visit casinos - gambling parlors and enjoy the life. CyprusCoin idea was born on a meeting in Cyprus where several businessmen and offshore finance advisers were discussing about safe management of investment funds. Since Cyprus is a very popular offshore investment destination, we believe that CyprusCoin will be a great solution for the people to move their money freely, untraceable, safe and securely. |
| BLOC.money | BLOC | bloc.money | Scam | Bloc Money is supposed to be a egalitarian mining currency mini-powerhouse. In reality it's a joke and nobody uses it (or has ever heard of it) Bloc's daily trade is usually below $50. 10% of the value has been pre-mined Was worth 21 cents at start in 2018 now worth 0.0017 cents. Low reward of 17 means block time rewards are worth 3 pennies and decreasing. Coin has literally 95% of it's hashrate dedicated to 1 pool (Herominers) Coin has absolutely no reason to exist. |
| entercoin | entrc | entercoin.net | Scam | the coin's team are scammers and the stole more than 400 thousand $ |
| Jse Coin | JSE | jsecoin.com | Deceased | 1) On April 21st of 2020, JSE coin will shut down as team dismantles it's entire operation. 2) This coin was known for hijacking user funds and being poorly utilized as a cheap botnet. 3) In additional to insufficient funds, Jse coin was rumored to lose the fight against anti-virus software/browsers 4)Unless you have a website with over 50,000 people, the money earned was absolutely worthless 5) As of most recently on April 12th of 2020, JSE coin is worth 2.304e-9 BTC (far below 1 satoshi) 6) This is the end of road for the JSE saga. |
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