Topic: What do you think about PlexCoin? (Read 23106 times)

I completely I agree with you @Cryptoguru274, you hardly see any project these days that is totally unique because some of them are copycat projects. Debit card incorporated projects are very rampant these days. Let us hope that Plexcoin Visa Card project will do it differently this time around. If you are thinking of investing your money in this project you can carry out due diligent operations to ascertain their level of security. However the company is not having any official whitepaper on ground for a careful study of the project. So be very careful with them.  Look before you leap! Thanks

Maybe having something that looks like that of Centra Card, a project that uses debit card in its operations. I doubt these days whether you can see a project that is very unique. Anyway PlexCoin might have its unique features. You can invest in it afterall every investment has some elements of risk factors which are measurable.

what i wonder to most is why the SEC suddenly give matter to the case AFTER the end of the ICO...

everything stop at October 13th if I recall well, then SEC filled it suit in december... if they really wanted to protect from a possible fraud, they should have done something before right? but it seem as they didn't find it was dangerous while it was selling but when it started to gain value that was a different story!

almost 2 month after is really strange for an "emergency" action

... You have to be delusional. I'm not saying Plex can't succeed. I think it could, depending on how the issues with the SEC go.

But to suggest that an ICO that is under investigation by the SEC is a sure winner, is just a dangerous thing to say.

Plexcoin is now considered to be the next evolution of its predecessors, in many forums, they talk about Plexcoin as a currency that could be a market development and soon to be used by many. And participate in the future.

There are many coins in crypto currencies. and the market is constantly moving. One of these new coins is Plexcoin. it has become popular. I do not think investors are sad

Same!

If there were ever an argument that Crypto is a huge gamble, Plex would be it. It will either go to absolutely 0 after this whole fiasco... Or, it could 10x after they're cleared.

Still, better than a slot machine I suppose.

well, they never guaranteed it and there was a condition to not live in USA...

though, I agree that there was ambiguous things and one can learn from plexcoin's errors

I wonder how it will end, but regulators have a hard time with the case.  SEC with personal jurisdiction and QAMF keep delaying ....


I still hope for a happy ending, ahah

Kind of surprised you guys were talking about this as late as mid-February, given everything that's happened with this project...

Honestly, the team didn't need to do much to avoid these legal troubles. Mainly, don't sell in highly regulated countries, and of course, don't guarantee profits to investors.

At the very least, Plex is a good example of what NOT to do in an ICO, whether you have a decent product or not...

I've create a list of know facts if that information is of interest to any of you, here's the link

https://redd.it/7z91cm

I do not know this scam or legal, before investing make sure you read Whitepaper thoroughly. Monaco and TenX are both very new, PlexCoin aims to provide Visa cards in Q1 2018, Invest as much as you can control.

I do not see you mentioned more about this coin,
I think you put up more information on roadmap, team DEV..
Coin feasibility assessments

I don’t think PlexCoin is a good investment based on:

They don’t provide any whitepaper for “confidentiality purpose” until after the pre-purchase (and refunds are only allowed within the pre-purchase)
They don’t provide any information about their dev team
The have no visa certification nor any sponsors
Also, you can read on their website many statements like:

“This implies a huge success for PlexCoin as soon as it launches.”
“Unlike other ICOs, during the pre-sale, the sooner your purchase your PlexCoin, the higher the resale value of these PlexCoin will be.” (Don’t forget that their whitepaper is not yet available).
This sounds like fish bait to me, too good to be real, especially in the cryptocurrencies world. 

I don’t believe PlexCoin is a Scam, it's like bitcoin and ethereum you won't loose anything by throwing in a $100, am pretty sure you would spend the same amount on a day out You should Sign up now for the presale to save a spot and Presale is in 15 days It only take your e-mail to save a spot for presale so nothing scarry
I signed up and thats my referral link which when used increase your purchase with a bonus of 5% in addition the person that person that referred you gets a 5% as well( PlexCoin - The next cryptocurrency )
I would recommend going through the website and reading more as what I just said is just a idea of whats going on now 

I think that the price went up because it's still actually traded, interestingly, on Cryptopia.  I don't know the actual terms of the sale, but according to the SEC, people purchased $15M worth of these coins.  And so there is a functioning market that you can see with people selling (and buying, amazingly) these tokens - https://www.cryptopia.co.nz/Exchange?market=PLX_BTC.

What is interesting to me from a market perspective is that markets can have lives of their own, and are not always (or even much) dependent on actual human events.  The people actually behind this ICO, despite what the ridiculous whitepaper said about a huge team all over the world, apparently consisted mainly of one guy and his girlfriend in Quebec, and who has been identified as a recidivist securities fraudster (according to the SEC notice, which is according to the Quebec authorities), was fined $100,000, had his assets frozen, and was sentenced to a couple of months in jail. All of this occurred, directly in connection with this token, and yet it has a life on an exchange.  That is - not everyone has dumped it to the point of zero.  This I find interesting, and I wish I had time or many years left in my life so I could go do a couple of years of research trying to learn to what extent people will continue to trade what appears to be a zombie coin.

But that's outdated news. See the source: https://www.coindesk.com/plexcoin-founder-gets-jail-time-fine-contempt-charge/

The questions I am asking myself is:
1) What are the latest news? https://twitter.com/Plexcoin1/status/958033997325590530
2) And why did the price go up 95% today? https://coinmarketcap.com/currencies/plexcoin/#charts

On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic Lacroix and $100,000 in fines against his company for contempt of court, according to Radio Canada. The day before, the U.S. Securities and Exchange Commission (SEC) sought extensions of its restraining order, asset freeze and order against destruction of documents by PlexCoin and its organizers, according to FinanceFeeds.

PlexCoin promised a platform that would provide the same services as bitcoin, but do so faster. "This implies a huge success for PlexCoin as soon as it launches," its website said.

Quebec's finance regulator, Autorité des marchés financiers (AMF), had ordered PlexCoin and its parent company, DL Innov, to cancel the sale. When it allegedly did not, the AMF sought and attained a court order. Last week's ruling by the superior court in Quebec follows the continuation of the offering in violation of the court order.

On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic Lacroix and $100,000 in fines against his company for contempt of court, according to Radio Canada. The day before, the U.S. Securities and Exchange Commission (SEC) sought extensions of its restraining order, asset freeze and order against destruction of documents by PlexCoin and its organizers, according to FinanceFeeds.

PlexCoin promised a platform that would provide the same services as bitcoin, but do so faster. "This implies a huge success for PlexCoin as soon as it launches," its website said.

Quebec's finance regulator, Autorité des marchés financiers (AMF), had ordered PlexCoin and its parent company, DL Innov, to cancel the sale. When it allegedly did not, the AMF sought and attained a court order. Last week's ruling by the superior court in Quebec follows the continuation of the offering in violation of the court order.

Lacroix was ordered to stop the launch of PlexCoin by Quebec’s financial regulator in July, but went ahead with the ICO anyway. For that, Lacroix earned a contempt of court charge in Quebec and had his assets frozen in the province. In November, the SEC followed Quebec’s lead and filed a complaint against PlexCoin, Lacroix, and his partner Sabrina Paradis-Royer. The SEC called PlexCoin a “full-fledged cyber scam” and froze the pair’s assets in the US.

There are many advantages to buying and using PlexCoin. You can now use your money without leaving any trace. Plexcoin will meet your expectations, thanks to its efficiency. Here are some non-negligible advantages that diferenciates PlexCoin from other cryptocurrencies:
PlexCoin repurchase
The PlexWallet application will offer you the possibility to purchase or sell your PlexCoin (-5%) as needed and to transfer your money in standard CAD, USD or EUR currency quickly and easily. Unlike other cryptocurrencies, PlexCoin do not need to go through a secondary market before people can have access to their cash value.
Stability
The PlexCoin is based on Ethereum's structure, which makes the cryptocurrency work the same way it was programmed, without any possibility of downtime, censorship, fraud or third-party interference. Cash can be stolen or lost, but PlexCoin will always remain safe.