Skip to main content

ICO review: TorrentChain Anonymous and Blockchain based torrenting or scam?






We are doing reviews of ICOs and we got an example of how not to do an ICO website.
Welcome to torrent chain project. First, I want to mention that I like the idea of mixing blockchain and torrents. You can share your opinion in the comments to this video. But looking at this website scroll down. Crowdsale details. Ok. Torrent distribution. It is good to have percentage of how many tokens will go where. Cause here it is not obvious how many percentage it is: 1, 2, 3, 4, or 5 percents.
Ok. Userfriendly, rewarding. Great. They had described how they will be doing it. But let's take a look at their RoadMap. They had started in 2015 and in July 2017 they had started security and privacy audit. But they are planning to finish it guess when. After the crowdsale. I do not like that idea. I would like to see that report before the crowdsale will start. In any case lest see further they have on their website. Look at the team. No names, nothing is clickable. How should I understand that you guys are real? That you are not a teenager that did not graduate from high school and trying to raise some money using ICO instruments.
I decided to take a look who and when registered the domain name. Looks like the domain name was registered just a few weeks ago. All that makes me think that this is not something serious. May be the team of TorrentChain will get in touch with us and how what they are doing, their github, social networks, so we can talk to them and ask if they are real or not.
Leave your comments to this video and let's move on to the next one.

Comments

Popular posts from this blog

ICO review: Godzillion - The New Disruptive Decentralized Marketplace

Today is August 25th and we are reviewing ICOs again. I want to attract your attention to the fact that there is about 6 or 7 ICOs starting today. I had reviewed all of them. The first thing that was on my mind is it a joke or not? Some of them obviously are a joke. Instead of making a very critical video about all of them I decided to pick on that might worth reviewing on TokenSell channel. This project is called Godzillion. It is done by chilean company. They are from South America. This is first project that we review from Chile. It is ethereum based token that will unable to vote, issue and distribute the tokens within ethereum virtual machine. You can review video with this guy. He seems to be very confident about what he is saying. I do not want to go too deep through their whitepaper. You can do it by yourself. I just want to mentioned that guys had placed a lot of information on their website. I can not agree with the way they designed it: colors, backgrounds. It is mor...

ICO review: CarTaxi - World's first operating car towing platform on blo...

Hello everyone. Today we will review a project called cartaxi. It is going to ICO. Right now it at the stage of pre-ICO. The reason why I picked up this project because it is one of those project that are already working projects with an MVP and other applications in apple store and google play. Let`s see what this project has. The team had created an application that allows car drivers to get their car towed to a place where it can be repaired. Right now it is a trend that a lot of services like that are being aggregated and the leads from real calls from people are forwarded to the nearest service provider available. This industry is not an exception. Reviewing this project I see that the team has understanding of where their project is going, they did their marketing research and are aiming towards markets of Russia, China and USA. You can see the team here on their website. The team is quite big - over 40 people. They have names and descriptions with linkedin profiles. The t...

ICO review: UTRUST is a revolutionary payment platform that empowers buyers to pay with cryptocurrencies while providing a groundbreaking purchase protection mechanism

Today we will review another ICO. This project is in the stage of pre-ICO. The reason why I chose this project is cause I like there website and they have descent white paper. This project - UTRUST - does a new revolutionary payment platform. They will help people to use fiat currencies to pay in their tokens and at the same time provide an ecosystem for solving disputes and do it faster than it is done by services as bitpay. Now what I like about this website and about this project is they have partners, nice video describing the project, they also have a strong team that makes me think they have all chances to succeed. And everybody in the team has linked in profiles which proves they are real people. It is nice to work with real people at our ICO age. Reviewing their white paper you will notice that they have description of the problem and clear explanation how they will solve the problem. They will try to make an ecosystem for ecommerce and cryptocurrencies to make it mor...