Adacoin- is bittrex listing a scam?

Seems so. In a couple of hours bittrex is listing a new coin called adacoin.

After looking around the Web I found that this coin's ICO was conducted exclusively in Japan, in person. To put a little background on its founders, the co-founder Charles Hoskinson
used to be a part of bitshares team. But he backstabbed Dan and dan wrote this

After leaving bitshares, Charles formed IOHK,the parent company of adacoin. The coin was advertised by portraying ethereum and bitshares' success as Charles doing. To participate in the ICO, the Japanese businessmen had to contribute a minimum of $1000 equivalent. The twist comes after this.

Once the ICO secured funding for IOHK, their staff ceased communicating with Japanese investors. Charles jumped ship to ethereum classic and the Japanese advertising company deleted the ICO website after the contract expired. Dan warned of this in his Bitcointalk post " beware of this shark, he will friend one day and plan your destruction the next day". And he was proven right.
The Japanese investors were left with nothing but vouchers for the coin in their emailboxes.

So be aware of this coin and stay away from it. Unless you want to P&D it when it is added to bittrex.

As of today , they ( IOHK ) have overtaken etc's core Dev team and ruining ETC. So be careful in using etc too.

That'll be it for today, bye bye

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