The Spaniards and Brits have plundered the treasures of the 'New World' for hundreds of years with a good portion of their vessels sinking off the coast. Recovery operations for these lost treasures have been attempted for as long as physically possible. Galleon Quest brings treasure hunting and crypto together. This post will be updated as I find more info.

^Twitter

GALLEON QUEST IO (GQ) is an international investment group funding treasure recovery projects from shipwrecks around the world. These wrecks are in GQ’s determination, the absolute best projects to fund and likely to result in treasure recovery. Selection of projects is based on both historical research and scientific underwater surveys that have already physically located wrecks from which our experts expect valuable recoveries to be made. We are currently salvaging numerous wrecks, where we expect to recover coins, bullion, precious gems and other antiquities, ranging from intact bottles of wine to cannons, which add assets to back the SEA Coins, raising the asset value of the SEA Coin, while we will sell a portion to fund dividends to the coin holders, making returns that other ICO’s never intend or could do. _{Whitepaper, page 7}

Technical

• Token: SEA
• ERC-20 Token
• 400,000,000 total distribution
• 70% distributed in ICO phase

Whitepaper

https://www.galleonquest.io/pdf/Galleon-Quest-WhitePaper.pdf

Galleonquest is not a recovery operation on its own but an investor in legitimate recovery operations.

GQ will operate under appropriate permits and claims, and once a target is positively identified, excavation and recovery operations will begin under expert archaeological supervision. All matters will be performed under such stringent requirements, to include thorough and detailed documentation of such artifacts in recovery from gold, to silver, to ingots, to jewelry and any other valuables we may find. GQ will supervise excavations of our working partner and maintain honesty and integrity in the process. Compliance with any archaeological restrictions to protect the history and majesty of the sites, the wrecks, and the memories of those who lost their lives is paramount. _{Whitepaper, page 24}

Possible Risks

• No treasure to be found in recovery sites or recovery site not accessible. General failure and risk of any recovery expedition.
• Legal restrictions, licensing requirements, and ownership of recovered treasure.
• All risks are based on product (treasure) delivery.

Some Management Red Flags

• Communication is lacking. User on BitcoinTalk forums asked a genuine question and received a run-around non-specific answer. Original thread here

Question:

Answer:

Counter:

I'll update this review if Galleon Quest addresses this in detail.

• Conference attendance and sponsorships confirmed. Multiple conferences attended. Good sign.

^{Twitter: Presentation at CryptoBlockCon in NYC}

No Tech Red Flags

• The team looks real good. All named professionals with verifiable experience. No red flags.
• The dev team is run by Jan Borgelin and Aleksi Aaltonen, the CEO and CMO respectively of Empirica, a Finnish blockchain tech company.
• The SEA token is facing exchange listing challenges. It is currently not listed on any notable exchanges. That being said, this is mitigated by the confirmed involvement of Empirica, which handles marketing and listing as part of its ICO services package. Minor red flags at best.
• Exit scam seems very unlikely. The loss to the named individuals, including the dev company, would be far higher than the gain.

Issues

Their sites appear to be out of sync as far as crowdsale rates and dates go:

This is off the https://www.galleonquest.io/#googtrans(en-US) site.

This is off the https://ico.galleonquest.io site.

Investing

Click here to sign up for Galleonquest using my referral code.

Make sure you use a real phone number you have access to.

Registration is free and opens up your investor dashboard.

The minimum investment is 1 ETH. I will confirm and update if this is incorrect.

Resources

Website | Telegram | Twitter
BitcoinTalk
ICO Bench
Bitcoinexchangeguide Review ^{Note that this review is by the site that listed the scam Bitconnect in their top interesting coins list a while back.}

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