I made a post on Reddit warning people about the dangers of the new Cryptocurrency "PlexCoin" but unfortunately it has not received much attention. Please share my article and warn your friends about this scam!
Recently, there has been a new ICO launched by PlexCorps going by the name of PlexCoin, which has promoted itself quite successfully over the internet. After investigating their website, which seemed to provide claims too good to be true, I decided to investigate further into this ICO and have discovered it to be most likely a scam. My research follows below:
- Unlike many previous successful ICOs, PlexCoin's website has no mention of any sponsors or any information on their development team at all
- The PlexCoin and PlexCorps domains are both registered with domain privacy protection (business data is hidden in WHOIS lookups) - a reputable, honest business should not have to do this
- Their whitepaper is not available until after their pre-purchase period is finished and refunds are only allowed within the pre-purchase period
- I, personally, have inquired about the above issues at PlexCoin's Facebook page (which did not have a messaging option) with a comment only to find it deleted 4 hours later, most probably because they do not know how to reply to it as their operation is most likely a scam.
In conclusion, this new ICO by the name of PlexCoin, while gaining fairly large community appraisal (as can be seen by the sheer number of backers) is most probably another ICO scam like the many that have happened before. It would be great if you could share the article on this matter before it is too late and money is lost.
Reviving this because the SEC is coming for these guys: https://www.sec.gov/news/press-release/2017-219
Looks like you may be vindicated @enkrypton
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Well.. Do be honest they will release the whitepaper a day before the pre-sale begins.
Also they stated: "In order to secure the first buyers, we have set a point of no return. If after the 29 days of pre-sale we did not reach this threshold, then all buyers will be fully repaid."
So 29 days.. But that's true, that they have no sponsor list, but if it turns out that they are legitimate, they can revolutionize the cryptocurrency usage as we know it.
I remain open minded but sceptical. You can write them an email(I did already, issuing a few concerns): [email protected]. They answered me within a day.
Also answered on facebook within 4 hours and on their webpage they answered within 10 minutes. The website chat.
They have alot of legitimacy sings but at the same time, absence of the whitepaper and super-high profit rate are alarming. As I mentioned, I will remain sceptical but open-minded.
MisterBiter
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The whitepaper comes out Aug 4th. Maybe it will shed some light. I was told in 2009 that BTC was a scam. Wish I would have done my own research and not went with the negative hype back then.
Be careful but I for one will be reading that whitepaper.
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Plexcoin can be bought with credit card, so its a secure crypto to buy at this time.
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its a known scam, not safe.
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@enkrypton You have done well to inform us. There was another ICO launching that I raised alarms about. People ignored me then. A few weeks down the line, it went burst. There was a mysterious hack on their wallet.
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Ziber?
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A few years ago I came across Bitcoin and didn't bother paying attention to it. Now its more than $2500. This time I'm setting aside some for Plexcoin. I suggest investing an amount you are willing to lose. It may be a risk worth taking. :)
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https://www.plexcoin.com/?ref=IU0adKqOmj
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I have checked them out as well, very most likely a scam.
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Why do you say that? Clarify and factual details and post any referential data you used to conclude that they are a scam. And then refer to my post to danhendleyphoto above. Let us be the critical thinkers for ourselves...
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This was debunked as a scam months ago. have fun getting robbed! maybe reach out to visa and see they have never heard of plexcoin, their domain had been shutdown due to FRAUD in canada
https://cryptopedia.wiki/news/2017/08/09/plexcoin-scam/
do your research on the coompany backing this
DL Innov inc., Gestio inc. and Dominic Lacroix
you'll thank us later when your money isn't stolen by greed!
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oh really? October 13 is five days away. We will see.
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The thing really is one needs to do a thorough research on these guys. Remember Karbon? very similar to plexcoin.
Karbon was promoted by one vitaly ovin. I should have Google searched him. anyways, I sent them my BTC and promptly they vanished from cyberspace. ICOs are a risky venture, but if you follow the team promoting the ICO, you will make an informed decision to invest or not. Do your research.
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To be fair, do not invest money that you can't afford to lose.
If you have extra, then try it. If it vanishes like air, then it is a lesson worth noting for. Stay positive but stay smart! :)
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Ye guys, btc and plexcoin are not even close in terms of complexity and offer, this guy did the right thing but if you go around thinking that sending non-reversible money to some random people on the internet on this ICO that have not revealed their identity.. yes, good luck.
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It's reported on the financial markets authority of Canada website : https://lautorite.qc.ca/en/general-public/media-centre/news/fiche-dactualites/monnaie-virtuelle-plexcorps-plexcoin-dl-innov-inc-gestio-inc-et-dominic-lacroix-sont-vises-pa/
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Scam my ass. WHY did I just get my PLX and transferred it to myetherwallet.
I'm so sick of you assholes calling everything a scam
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It’s not a scam. Everything is good so far.
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no exhanges, no app, they just have gone
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They are listed on a couple of exchanges as of yesterday and are being traded at more than ICO Price. You can have a look on the fb if you don't believe.
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Why are you talking have have no clue what you're talking about !!!
It's been trading on eatherdelta for 3 WEEKS !! and is now on 3 exchanges. Like I said you people are full of it.
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Hi all, I don't have any experience with these kind of coins and maybe you can help me.
I have been reading a lot about Plexcoin in the last couple of days. One thing that is bothering me is:
Less than a week ago, in the Plexcoin page, they were talking about a relationship with Visa. Then I saw posts all over the internet, saying that there was nothing confirmed regarding this.
Checking the page, I see that the Visa logo was removed from all the cards displayed, and there's actually a comment in their Facebook page saying that they are not working with Visa directly. They will have Visa cards through a third party company.
5 days before the pre-release, changing their site, and their arguments regarding Visa, doesn't it seems weird or it is just me?
As I say, I'm new at this, so I would like to know if this is common regarding cryptos, that they can change this easily.
I also asked on their Facebook page twice, but my question was deleted. =/
And sorry about my english.
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Yeah, should be a scam.
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Guys the truth is that its not really a scam.. at least they don't want to be a scam, but imagine if everyone is sceptical about this and already is convinced that it is a scam, it may just collapse. Imagine if people stopped using bitcoin in 2009. The truth is that the owners really have an idea, but we will see ...
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well if it's not a scamm it will sell itself over time .. if it "collapses" because they dont have millions from day 1 why even bother ?
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Thank you for letting us know.
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Can't access their whitepage (supposed to be accessible today); got an email from the Canadian authorities about the cease/desist order! SCAM???????
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i have received the same email but from france
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Whitepaper is live now can you dig more about it?Would be great help:)
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One of my mother's friend asked her to put in some money to invest in this coin a few weeks ago. Unfortunately I didn't see your post before that time. Does the consensus still stand that this is a scam? I think their white paper might be out by now.
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Nevermind their site is down.
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There was NEVER a consensus that this is a scam. Some believe it is. Others believe it isn't. And there are more who really don't care. It is up to you and your mom to perform due diligence and determine what's best for you. Don't just listen to strangers on the internet. How did they become such genuises or predictor of future successes or failures? LOL! p.s. no i have no affiliation with Plexcoin nor am I participating in their pre-sales nor ico. I have a lot in my portfolio already.
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The official website is plexcoin.tech and they have an elaborate white paper available. However, their white paper links to the same links that you cite, and it is also ambiguous in the sense that it does not list the team of Plexcoin or Plexcorp. Their Facebook page is https://www.facebook.com/plexcoin/ and is quite active with news and updates.
I'm going to say there is a 50/50 chance. Everyone should research, and as with anything, go with your gut instinct.
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Hi Everyone !!
people needs to know about this ONE !!!
goo.gl/mU7Nps NOTHING BETTER THAN THAT !!!
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A clever one there @bigmoney123 Already registered though.
About Plexcorp's Plexcoin I have read the whitepaper and looks legit, however you can never be 100% sure on any investment, that you can take to the bank!
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it doesnt look legit at all.... they dont even mention their team and actually all the white paper is is copy and paste from their ads...
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Thanks for the post when I first heard about plexcoin I was very excited to invest but now I'm definitely glad I looked around to see what people have been saying before putting any money into it.
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So this post made you change your mind? Did you perform YOUR OWN Due Diligence or will you take the word of the author? I don't know who Plexcoin is or what they are doing or anything. But shucks! Do you own homework and don't make business decisions based upon reading some 'stuff' or an 'article' by 'some person' on the internet!
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https://lautorite.qc.ca/grand-public/salle-de-presse/actualites/fiche-dactualite/monnaie-virtuelle-plexcorps-plexcoin-dl-innov-inc-gestio-inc-et-dominic-lacroix-sont-vises-pa/
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