and promise of a credit card in Q1 2019, well I wouldn't hold my breath and to me the projects (with a few minor exceptions, but broadly speaking) that claim they will offer credit cards are highly highly suspicious!
Another similarity can be found in the whitepaper: here again they claim that OLXA coin has an innovation against the so-called flaw of double spent problem of cryptocurrency. This is highly misleading because the innovation of Bitcoin's Proof of Work (PoW) blockchain based cryptocurrency was actually the SOLUTION to the double spent problem (not the flaw). In the OXLA whitepaper they essentially describe the working of Ethereum's PoW (on which this sh*t token is issued) as their fix to the flaw in cryptocurrency. Very misleading targeted to newby investors.
Then they boast about some Class A certification by some entity that apparently certifies Direct Selling, NETWORK MARKETING and MULTILEVEL MARKETING companies for a code of ethics. Well, being associated with multilevel marketing within cryptocurrency space is actually a big red flag, although I don't seem to be able to find much direct evidence of any pyramid structured rewards program. Unless the admycash website that is associated, is some form of MLM program, however this is a crypto business advertising program with affiliate marketing links system. How the OXLA token is connected to this, other than it might have provided the funding from the ICO, is unclear, because payouts from the affiliate program is in paypal, bank wire or bitcoin (not OXLA).
Coin has no wallet of its own, but can be stored with the usual generic erc20 compatible wallets.
WHo knows, the admycash program might be legit-ish and could generate some revenues by sharing affiliate links (apparently without the need to invest first, so that appears ok), which I don't have any compelling reason to advise against (although one should be cautious anyway, especially about the type of affiliate links you share online). However the OXLA I would highly recommend to avoid like the plague!
***Update***
I see some of the other reviewers criticizing my critical analysis. Well, I have looked into hundreds of projects over the past couple of years and indeed I hold high standards for what I view as a reasonably not shady crypto project. If too many red flags appear with little to nothing to compensate for that, then by default EVERYONE should be utmost suspicious, due to the sheer amount of crap and scam projects that are out there. If I see valid reasons to give a project the benefit of the doubt, I will certainly do so as well. Unfortunately that doesn't seem to be the case for this project. So I am sorry if you are a bagholder and due to your vested interest, you might have a lot of hopium that this project will bring you what you thought it would bring, and I am sorry that the reality in crypto is so much harsher. If the admycash opportunity works for you and you are not promoting scams with that program, good for you, but the ICO fundraising has definitely been on very shady foundations and there is absolutely no innovative value attached to that token.
Good that I had to come back to this review, because I forgot to mention that in the project's material (website, whitepaper, etc) and by the project's shills, the anonymity feature is promoted. HOWEVER this is also a misleading representation of reality: there is no additional anonymity associated to this token anything more than the pseudonymous level hat Ethereum transactions provide, which is in fact LESS anonymity than Bitcoin transactions provide, due to Ethereums "account balance" model. Users that are told that OXLA provides anonymity should be very aware that this is far from the case; transactions are recorded on the public blockchain and although wallet addresses are not directly associated to identities, with blockchain analysis it is currently not that hard to associate identities with transactions! So don't be fooled by this! For enhanced anonymity you will need a privacy coin like Monero (which is currently one of the most secure privacy coins) and even then you can't fully assume that your transactions will be anonymous forever.
Crypto Anonymous 224
stellarowl12 221
dr.yibto 4
mhd 4
Dr. Doom 268
