Ploutos Coin, is it a Scam?

in #steempress6 years ago




What is Ploutos Coin

"It is a new Decetralized Cryptocurrency and it is already launched to other 15 Countires, Ploutos Coin is a Coin based by Forex Trading Values and Supply and Demand"

I can only give a few details about the coin since Ploutos Coin can't provide their own whitepaper. Investors either could not give the details what is the purpose of Ploutos coin.



Trust


Let us all face it, technology is fast growing and so is the digital ledgers, digital money and everything now is digitally based, even a digital art. Cases like this, we cannot avoid non-legitimate products and services like scams and fraud, and for the Ploutos Coin. They could not provide their own whitepapers. I cannot trust an ICO like this, with no background and plain website they offer.

If you are an investor, you should be reading the whitepaper first before investing your money there. They money shall also be spent in a good way. The Pluotos Coin is different, their ICO is an exclusive invitation from the members of the company. Which it is already considered a Ponzi Scheme.

My assumption is, the non-members needs to buy this amount of Token from Ploutos coin and wait for another member to join and the one who bought the coin will also recruit and so on. Therefore the prize of Ploutos coin will rise because of the supply and demand.



Overall from Ploutos

I asked a few so called "investors" in their coin investment, and they could not properly defend what their coin is. The coin is purposely for Ponzi Scheme, where you buy their token and wait for it until it grows. They even claim that their token will reach $20,000 USD at the end of 2018. There are also comments that Ploutos coin is not a Cryptocurrency, I was like, "Man, do you really know what coin this is?." The comments lost me there, and I really dont know where our arguments went. So far I wouldn't invest my money here, look at their statement on why they couldn't provide a whitepaper while their product is even launched.

"Sir thank you for the inquiry as for the moment we can provide you with our DTI permit and our SEC registration is on its way for approval, we have our own apps in playstore and we just had our grand launching yesterday, you are welcome to join sir, while our Ploutos Coin is on this lowest rate but seems your smart sir you can take a background research on us first, before making your own conclusion about us" - From an Idiot

And wow, an ICO being launched and yet it is on its way for approval. They me be rich in a short few time, I can compare the investors from other ICOs than Ploutos. Investors from Ploutos answered us very rudely, we only asked where we can find their whitepaper.



You may find more information here tell us what you think about this ICO, is it really a fraud?


Posted from my blog with SteemPress : https://chuuuckieblog.000webhostapp.com/2018/07/09/ploutos-coin-is-it-a-scam/

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