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Beware of MAJATO PROJECT ICO , take into consideration that all ICOs are unregulated ,and do not provide protection to investors ,in case of fraud or loss.
ICO — the hottest craze in cryptocurrencies — is an ‘absolute scam,’ Wikipedia Founder Jimmy Wales says .
On this webpage you can post anonymous reviews and complaints about MAJATO PROJECT ICO .
The Hacking Team will monitor from now on , 24 hours a day , the financial reputation of MAJATO PROJECT and the people involved in this company, and will notify you about every complaints, Reviews, Scams, Lawsuits, Frauds reported online.
After a careful evaluation it looks like MAJATO PROJECT , has no clear business plans. And while investors might hope that the MAJATO PROJECT tokens appreciate in value, as those in the bitcoin and Ethereum networks have done, that may not ever happen . The SEC is on the lookout for pump-and-dump schemes , and we will pass them our reports about MAJATO PROJECT ICO .
If you have any kind of information about MAJATO PROJECT ICO , that connects them to financial scams , online frauds and investor’s complaints , let us know at [email protected] !
We looked the team up. We did not limit ourselves to Facebook and LinkedIn profiles, and tried to find more social activity from them. We runned a full background check on every person involved in MAJATO PROJECT ICO .
There is no trace of discussions, participation in any groups or projects — it is a red flag. We invite you to Investigate the core team behind the project. Find out if the team members actually exist , who they really are , what they have done till those days , when they opened their LinkedIn accounts , etc… Do they have a track record or experience that is relevant to the project that is verifiable? In the MAJATO PROJECT ICO case , the answer is negative .
Thinking up a product is not the same thing as creating it. Startups very often “burn out” when faced with unforeseen problems. Someone goes bankrupt after launching his startup, while someone else doesn’t launch at all.
Because of such frequent failures, many countries have begun to tighten the screws: China has banned ICOs completely, and the US prohibits the receipt of dividends through an ICO.
First of all, you have to understand that an ICO is a significant risk.
Any project you invest money in must be real right now, not in the distant future.
Cryptocurrency Scams Exposed ! How to detect if this cryptocurrency fraud or not ? Top Cryptocurrency Scams To Watch Out For ! BEWARE OF PYRAMID CRYPTOCURRENCY FRAUDS .
We investigated the legal side. Look up at the website domain , the real registration address, their offices location — we even sent an offline mail to the office mentioned .
We even googled the cell number and e-mails that are connected to the MAJATO PROJECT ICO team — and found traces of previous activities in the far corners of the web, that told us a lot about the team members .
You can also easily check if they are a real member of the Bitcoin community through a very handy feature on Bitcointalk, the most popular cryptocurrency forum out there where this projects are usually announced.
Speaking about the MAJATO PROJECT ICO theme, or their business concept, we really do not think there’s a market for that kind of product and even if there is , there are stong rivals in the field already . Scam can be seen by an over optimistic or too general description and this is what happened with MAJATO PROJECT ICO .
After SEC & MAS reports, everybody knows one can’t just issue ‘randomcoins’. So if a token is not supported by anything (i.e bonuses, ecosystem, company share etc), its issuer might be a scam. So how the MAJATO PROJECT ICO tokens are actually backed up ? Good Question indeed !
Be sure to check the past track record of the team and learn about any of the completed projects that are available to you.
For the more technically inclined, check whether the project’s code is open for scrutiny on github.
The MAJATO PROJECT ICO project’s code appears to be cloned from another token/app , this means it is likely to be a scam.
An ICO must have its own currency system, and the holder of it should be its exclusive beneficiary. The token it issues must not only be sellable at a higher price, but also have a solid rationale for its further development in the project. Definitely get familiar with the white-paper section, where this point is described in detail.
A scam ICO could favour 2 approaches to supply management:
Fixed supply to boost the appearance of scarcity and push up the price .
A fluctuating supply allowing them to sell an apparently scarce supply and then programmatically double the supply and dump it onto an exchange before fleeing into the wilderness.
Lack of open team profiles: If an ICO doesn’t provide social profiles of the team members, it’s quite likely to be a scam. Try to find a team that has at least one member having a successful crypto project under his/her belt.
Before investing in MAJATO PROJECT ICO : Put questions towards the project team and draw conclusions from the types of responses you receive or discussions you read in these forms.
Are the project developers open to dialogue?
Are they forthcoming or are they evasive? ( Check by yourself ….you will not like what you hear )
Are responses specific or do the parties involved speak in generalities? ( Generalities from what we found out )
Do they come off as overly optimistic? YES , they are !
Good question you must ask yourself before buying their MAJATO PROJECT tokens are :
“Could this project be accomplished using a token that is already in existence, such as Ether?
“Is the creation of a new token necessary?”
According to our analysts the MAJATO PROJECT project will not be able to acquire a share of the market space , with their product innovation or services.
How long has the MAJATO PROJECT project been in development? Nobody really knows .
The project has no substantial record of progress over several months and has only recently appeared, this is a sign to be very cautious.
Compromised or missing escrow: Absence of an escrow account is the biggest red flag to look out for. Similarly, if an escrow releases 100% funds to the project team after ICO, it’s a bad escrow, and should be considered as a red flag. Fund releasing should happen gradually such as 20% after token distribution, 40% after beta release, and similar milestones.
No technical details in the whitepaper: If an ICO promises to disrupt an established industry without providing any technical or operational details, it qualifies as a scam. Good whitepapers have charts, calculations, specifications, and even code at times.
Unrealistic goals: If an ICO makes bold claims without an economic plan or roadmap to support it, it’s best to avoid investing. Further, even if the team has offered a roadmap, you have to do your own research and judge the feasibility of the project.
Missing code repository: This is another sure shot method to spotting an ICO scam. If the company is unwilling to release its code to public repositories such as Github, avoid the ICO altogether.
You should understand the business model laid out in the whitepaper in totality. Legitimate whitepapers will include how the raised funds will be spent and how many will be available to the public via the crowdsale. You should never invest in a company that doesn’t have a legitimate Whitepaper and by reading the whitepapers of already successful ventures, you can get a great feel for what data you require.
Is the token supported or projected to be supported on more than one exchange now or in the near future? Very Difficult to answer in MAJATO PROJECT case .
How will the tokens be used, by whom and are there any indications of support coming from the market? We do not know !!
We have a lot of unanswered question regarding the MAJATO PROJECT ICO :
Will there a cap on the maximum amount of coins that will ever be produced, like bitcoin, or will there be a steady increases in the number of tokens issued over time that could effect the value of all tokens in the future?
How will the token be used in the network and is it even necessary?
From what we read online the MAJATO PROJECT ICO , often makes bold claims about their product even though said project offers nothing new or disruptive.
No serious team will ever make a price prediction about their token or claim it can fix the world. But the MAJATO PROJECT ICO team did exactly that on their website . AGAIN RED FLAG .
The MAJATO PROJECT ICO whitepaper is a real Buzzword salads , looks good , but when you actually sit down to digest it, this ICO taste like vague claims and empty promises.
You do not only want to see a very thorough whitepaper, but also look for a variety of complementary resources such as SWOT analysis, financial model, wallet design, competitor analysis, institutional studies, and more
We anayzed the matter and there is NOT a strong business case for MAJATO PROJECT technology.
When evaluating the MAJATO PROJECT ICO, the good first question to ask is: “Do they need a blockchain or a native token for this project?” The answer is no to both, chances are the ICO project is an example of solutionism — crypto for crypto’s sake — or a scam.
ICOs will usually have an escrow to hold user’s funds during the ICO and after. So keep an eye out for the Escrow participants and the escrow conditions. This may save you some money. We do not think that the X startup is using the top Escrow service . And if it’s not, it can be a good indicator about the ICO being a non-authentic one.
Ask them the right questions before investing even one single dollar in the MAJATO PROJECT ICO .
While there are definitely some companies building innovative things on top of blockchains (and in the crypto space generally), there are many fraudulent groups who are looking for a quick cash grab. The field can be even more confusing to navigate when malicious groups get celebrity endorsements. Surely a trusted face would vet whoever they support?
Realize that even if a blockchain startup passes all of these tests, it doesn’t mean for certain that they aren’t trying to scam investors out of their money.
One thing that you should not forget to check on is what people are talking about the MAJATO PROJECT ICO which you are interested. If you have any doubt, you can simply put an open ended question on the forum asking people their opinions.
All the discussions here will be a great indicator about the MAJATO PROJECT ICO being an authentic one.
You can go to Bitcoin Talk or Reddit for such information.
And no matter how alert you remain, there will be a few people in coming times who will con even the smartest of you but as the market matures, the probability of an ICO being a fraudulent one will decrease and ultimately reach a null value.
REMEMBER : If something seems like a scam, it probably is.
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