EthConnect Red Flags. Scam?
EthConnect Red Flags. Scam?
Ethconnect (ECH) is a self-managing financial system with P2P transaction based on open source platform.
Many people expect to repeat the success of similar concepts like BitConnect or Regal but there are many things in this project that seem not to be right.
It is quite possible that it is a scam and everything seems to indicate it but it is difficult to be 100% sure with these things.
In spite of all this, it seems to me that nothing is lost investing 10 or 20 dollars. If it does not turn out to be a scam and we see price increases similar to those of BitConnect, we can multiply our investment considerably.
I want to make a summary of the red flags that I have found so far. If someone wants to contribute another, welcome.
In the end, it is up to each of you if you risk and invest in this project.
Red Flag #1
Fake members of the development team
The person who appeared in the whitepaper as co-founder and CEO is fake. That picture is from a guy called Shu Tanaka that has nothing to do with this project as he himself clarified it.
That part was removed from the whitepaper.
There is another fake member
Red Flag #2
Fake Office
Fake office as shown in the following video:
Red Flag #3
Wrong Percentage
The percentage that they show on the front page is 52% monthly which is a different number than the white paper which says 45%. Maybe a small mistake but is shaddy.
Red Flag #4
Minning ERC20 Tokens?
Red Flag #5
No Ether wallet available
Is a platform based on Ethereum that does not receive Ether. Pretty strange.
Red Flag #6
Spelling mistakes on the homepage
Maybe a small mistake but is shaddy.
Red Flag #7
Roadmap to optimistic
