Scams are the real and very painful side effect of the crypto golden rush. Like the side effect, they are difficult to fight with and they keep many away from the blockchain. So it is important that we, crypto analyzers, can point them out and warn some less experienced investors from losing their money.
They are different classes of scams: ‘high class', ‘middle shelf’ and ‘low’. The most tricky, and the most surprising is a ‘high class’, but obviously it’s the one rare to see. Two more common ones are ‘middle’ and ‘low class’. And if ‘low class’ is pretty obvious and never collect many funds, more dangerous is the ‘middle’ one which not always turn a red light on investors heads.
MOBILINK is undoubtedly the high quality ‘middle class’ scam, even with the ambition to be high class:). They made a fancy website, whitepaper, gather a community (10 631 Telegram members, 8 784 followers on Twitter, 12 492 followers on Facebook), collected reviews on websites. Finally, MOBILINK collected high marks for example on ICO Bench (4,4), ICO Marks (9,3), ICO holder (4,2).
So, I guess you are wondering why do I think this project is a scam?
Fake numbers. Together with other RUTH.NEWS team members we follow MOBILINK for a while. And we’ve noticed that last week according to the Mobilink website they’ve collected 3 million dollars. But, if you follow transactions for a week they collected much less (around 7 thousand USD officially, and rest is impossible to track). Besides, the transactions get stuck in Mobilink wallets and do not go further, to any official wallet. What makes the general number impossible to count.Too high soft and hardcap. 20 million softcap with the actual situation on the market is like a pipe dream. I won’t mention even 140 million hard cap.300 USD minimal contribution, it’s also suspicious. Higher amounts are easier to control, and cheating is also easier with the smaller amount of investors.Fake partnerships. Mobilink promises on their websites cooperation with all main GSM providers worldwide, great, but again there is no proof. Not even a single of mentioned providers (like Orange, T-Mobile, Vodafone end etc.), confirmed a will to cooperate.Misty technical documentation. In the Whitepaper, it’s possible to find just very misty technical documentation. No concrete information, just general impressions.No prototype. As a proof Mobilink team shows a video with the SIMcard they’ve put on the phone and call. The issue is that there is no proof that the SIM card they use indeed belong to the MOBILINK. And written MOBILINK name on the phone, in the place where GSM operator appeared is like a piece of cake for a person who works in phone hacking.Team. Some links to the LinkedIn profiles don’t work. Some do, but team members don’t have information that they work for Mobilink. Altogether suspicious.
According to the documents, the ICO will last until the 10th of May. Don’t risk your money