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.