InvestFeed

InvestFeed

IFT

PRICE (USD)
$ 0.00
MARKET CAP (USD)
$ 54.6 K
DAILY VOLUME (USD)
$ 3.9
NUMBER OF EXCHANGES
N/A
SOCIAL MEDIA
  

(25%) Average Rating
Team Quality:
Info Quality:
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avatar dennis 34
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dennis posted on April 12, 2019 06:02:12

tl;dr struggling company pivoted to crypto/social play only to keep struggling, token has no utility in the product


disclaimer: I participated in the InvestFeed ICO but no longer hold any tokens

InvestFeed originally aimed to be a social network for investors to share knowledge and chat about all types of market movements, not restricted to crypto. However, they didn't really get any traction with that prior to 2017. When the crypto hype train arrived in early 2017, InvestFeed hopped on right away as a means to reinvigorate its product. They quickly added cryptocurrency features to their social product which was a good effort. They proceeded to hold an ICO right away, distributing a token which has yet to see any utility in their product. As of 4/12/2019, their website is under maintenance, but their twitter feed suggests development is ongoing...


avatar Dr. Doom 243
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Dr. Doom posted on April 13, 2019 04:35:46

I would go a little further with the judgment on this project. Literally the only thing they did in crypto was issuing the erc20 token for the token sale. After that nothing has been done, so it seems more to me that the company has mislead investors to believe they were investing in the cryptocurrency pivot, while it seems to have been nothing more than ordinary money grab. Since early Jan 2019 their Twitter has been quiet too and the fact that their site went down seems to suggest that the project is abandoned. I wouldn't call it literally an exit scam, but it is close enough to it. I am sorry for the bagholders, but it looks like a miracle has to occur for this to turn around for the better, on the scale of probabilities.


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CryptoBox posted on April 21, 2019 09:34:39

This looks like the end of a struggling project.  The shifts in business strategy do not seem like they will help the project move forward.  Beware of any project that starts with an ERC-20 token since the barrier to getting started is low but the barrier to creating a complete project is enormous.


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