I think it remains to be seen if it's a scam. All the ico's which do not have a working product have the potential to turn out to be a scam.
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I think it remains to be seen if it's a scam. All the ico's which do not have a working product have the potential to turn out to be a scam.
Won't agree with that. Potential to fail is different to scam. Golem is a very ambitious project and it may never see the light of day but i don't call it a scam. Polyibius has all the markings of a fraud.
Could you please list some of the reasons you believe this to be a scam ? Would love to learn. As you wrote before one reason is that it is getting traded at small exchanges instead of major ones but what are the other possible red flags ?
The escrow was changed last minute.
The team is basically Hashcoin team rehashed. Look up hashcoin history. They basically took money from customers for delivering mining rig but neve delivered a single machine. You can research more on this for yourself.
Using emrecoin chain (firstly who uses that trash chain) and then bringing its founder as a escrow cum advisor.
Their another escrow was someone from Cryptopay but is not mentioned on their website anymore so I am not being able to find his name.
These are just a few and it has been sometime since I followed their ico.