Dr. Doom posted on April 23, 2019 02:26:29
Just as you thought things couldn't get any worse, then a project like Elitetreum comes along. The name alone should already make everybody real suspicious. No whitepaper, no team, focus on the promise of high investment returns, related to an organization that quite obviously seems a lot like a ponzi AND is clearly selling to investors by means of a multi level marketing program, which everybody should know, leads automatically to the worst confidence rating. I will not waste too many words here, because all you need to know, is already described above. These type of ICO's focus on crypto newbies or non crypto users, so that they will believe the "amazing opportunity" very easily, because they lack the basic knowledge that more advanced crypto investors have of judging a project. Any slightly advanced crypto investor would immediately reject this offer based on the above aspects alone. No further investigation required.
Crypto Anonymous posted on April 25, 2019 02:21:42
Fiat Daily posted on April 22, 2019 23:43:09
Scam token launched by, for as far as I can judge, notorious ponzi scheme scammers. YMCI (formerly known as SMCI) is a Malaysian very likely ponzi that operates in multiple Asian countries. They did a pre-IPO ponzi with GMCI shares and they are also operating through a company called OD Capital. In the Thai video linked below you will see on screenshare an (English) announcement letter of this company promoting Elitetreum as their newest crypto money making scheme and how they will push the price by agressive marketing (in other words creating FOMO to have the participants buy more tokens).
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