Dr. Doom posted on April 20, 2019 23:07:22
Again, posted by a profile that obviously is linked to the project, and has shared the project posting here on their own Twitter. Well, I hope my review won't spoil the party then.
Apparently this project is a fork (which you could also interpret as "copy") of the Conceal Network, which is based on the CryptoNote protocol. It is supposed to be some kind of banking application, no further explanation provided. Indeed, at least they didn't do (or so they claim, I haven't checked it) a premine, ICO or Dev fee, which is positive (which prevents me from giving the worst rating). It is unclear from the information what exactly the benefit is of this fork over the existing Conceal Network; is there any innovation that justifies this fork? I couldn't find any.
The project doesn't have much to show for however: no whitepaper provided. On the roadmap (which doesn't give us any dates) as last item is mentioned the whitepaper, so they don't seem to have the intention to explain the project in more details before doing things like a funding system (raising money after all perhaps?), exchange listings (trading the coin before even publishing a whitepaper) and ecommerce applications.
Hard to discover what this project is intending to accomplish and if it is indeed shady, how they are going to monetize over the backs of unknowing investors. I'll leave it at this so far, if I discover more, I might update.