ICO Scam of the Day: TENZORUM

in cryptocurrency •  7 years ago 

Welcome to Cryptocurrency! Here we advertise tokens like action movies, and believe blockchain can solve every problem. Free health care? Blockchain. Need a low interest loan in funny money? Blockchain. Get paid for college? Blockchain.

This is the first article in a daily series addressing currently running ICO's that are clear scams.

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The problem in crypto today is not scam projects, market manipulation, or SEC threats. The problem is having to hold all these pesky private keys. Thankfully, Tenzorum has pointed out this problem, and claims to have a solution
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This project is so clearly a scam there isn't much I need to point out. There is no issue with paper wallets. There is no issue with hardware wallets. "Technical friction" is an entirely made up term.

Tenzorum has a whitepaper full of buzzwords and vague descriptions of what it will do to solve the "wallet problem".

I would stay far away from this ICO.

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