Re:Avoiding being scammed in ICO “pump-and-dump” schemes
by api on Monday August 28, 2017 @10:19AM
(#15116670)
I have a strong suspicion that some of these exist as fronts to move flight capital out of China, Russia, and other places that hemorrhage dodgy money.
There almost seems to be an inverse relationship between reality and funds raised. Here's one of the very few real ones:
They got nowhere near the funding, and most of it was conventional:
It's one of the few coin-backed distributed things that seems like it might be useful to the point that I may actually try it, and I've heard it actually does work.
Guess that's passe in these quarters.
Some don't even bother to do that. This is literally the white paper for one of the hottest cryptos out there right now :
http://docs.neo.org/en-us/
This is the codebase :
https://github.com/neo-project
The current net value of the entire circulation is about 3.7 billion, all of which was pre-"mined" and 50% of which is reserved by the creators.