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Topic: Suspicious MLM Kalacoin - not a recommended investment (Read 182 times)

legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
After reading through it really looks so fraudulent to me.
The so called CEO also bares so many characteristics of MLM proprietors one of them of which is Jumping from one fraudulent scheme to another with the aim of milking people off completely dry.
I hope nobody here falls for this exposed scheme now that warnings have been sounded.
I left the OP of their ANN (clearly related to Nui / KALA) a neutral feedback for now:

Nui, the company related to KALA, is involved in many fraudulent activities. For more details, please follow the reference link.

But I'm not sure, maybe a negative tag would be better. They are constantly posting new updates in their thread and it could be beneficial if the fraudulent activities will be pointed out by red trust (also for unregistered users now). More opinions are appreciated if it's enough for a negative trust.



Edit: The OP of their ANN seems not to be directly related to the team:

Note : I am not the adm or devoloper. Just and independent NUI Social member that want to share the great opportunity (in my opinion) that this coin will be.

But the regular updates are a little bit confusing to me that it's not independent and maybe arranged by Nui...
copper member
Activity: 2114
Merit: 1794
Top Crypto Casino
After reading through it really looks so fraudulent to me.
The so called CEO also bares so many characteristics of MLM proprietors one of them of which is Jumping from one fraudulent scheme to another with the aim of milking people off completely dry.
I hope nobody here falls for this exposed scheme now that warnings have been sounded.
legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
The MLM (multi-level-marketing) platform Nui Social is creator of a crypto-token called Kalacoin. I didn’t know about it until someone asked a question in the German local board if it’s a good investment. I did some research and I strongly believe that it's an MLM-Ponzi Scam.

Website: https://kalacoin.io/

Here is my evidence why I think it’s a very bad investment and you should consider to spend your money for something else:


Fraudulent involvement of the platform Nui Social

The CEO of Kalacoin (Darren Olayan) is also CEO of Nui Social, that’s not very clear when you visit the websites. The platform Nui Social is involved in fraudulent business, I’ll just quote some other articles about scam accusations against Nui / Kalacoin:

Kala Token – People-Powered Inherent Value Cryptocurrency ICO?

Note : I am not the adm or devoloper. Just and independent NUI Social member that want to share the great opportunity (in my opinion) that this coin will be.
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