SEC Scamcoin Fails 10 of 10 of BlockWolf's Fraud Tests

The SEC's Howey coin failed 10 out of 10 of BlockWolf's tips on how to avoid ICO/Crypto fraud:

1. Does their project require a decentralized blockchain or a cryptocurrency?
2. Who is their team? Is there a way to verify their team leaders?
3. Are they promising something that sounds possible?
4. Are they guaranteeing results or profits?
5. Do they have anything that proves their technical progress?
6. Do they have a whitepaper? Do you understand it?
7. If they have partnerships, do their partners publicize their agreements?
8. Are their team leaders vocal in the community or on Youtube? Do they sound like they know what they are talking about?
9. What is the community (Youtube, Reddit, Medium, Steemit, Facebook, Telegram, Slack) saying about that cryptocurrency or ICO? Have any other industry leaders commented on the project?
10. Not sure? Ask a friend or somebody who you trust in the crypto community to review the project for you.