A couple of months ago I was intrigued by an upcoming ICO and even wrote an article promoting it. Knowing the adult industry is huge, I was hoping the idea will lift off and I thought that with a good team behind it probably will be a successful project. I thought I have done my research properly, but I guess there is always a margin for errors!
A couple of weeks back was the proposed "grand openning" of the two VIT powered sites. The first surprise was that in order to open up an account you have to send 1500 vit tokens. So far so good ... probably unpleasant surprise for some but given the price of the token that wasn't such a big deal, especially having in mind that you don't "pay" the tokens, you just "lock" them in your account, kinda like steem power works. The accounts were supposed to be approved within 5 days but ... well it turns out the sites were not ready for launch. And then the wait started ... one week, second week ... always the same thing we will inform you when we have information.
The icing of the cake was today, when I found out how unprofessional actually the people carrying the weight to administer their social media are. On valid question and opinions I was both banned from their telegram group and blocked from tweeter. Instead of addressing valid concerns, they choose to ban and block. This is not how a quality project works ... this is more like a shady project behaviour. And then I remembered that their whole marketing idea is based on a lie ... Get paid to watch porn .... yeah right but no, users are not paid to watch the porn, they are paid for the social interraction (steemit copycat but adult).
It's not even worth it to mention their going back and forward on the bonus for ICO investors they promised. Changing the "rules" all the time.
Well I guess seeing a project that raises millions just to copy another project and to center it more around adult industry should raise a red flag, but I was hoping the project may manage to get at least close to steemit success. Unfortunatelly that seems less and less likely and the price of the token shows it.
I guess Vice token is just another crypto project with over promises and under delivery. And there is plenty of them but that also gives me the opportunity to single out probably the only project I am invested in that actually under promises and over delivers - TokenPay. If you are not familiar with them yet, do yourself a favor and do some research ... just a friendly advise.
Disclaimer: Everything in this article is just my thoughts and in no way should be regarded as a finanacial advise. If you plan to invest in crypto, please do your own research and never invest more than you can afford to loose. Past performances are not indicative of future results and crypto markets at the moment are highly volatile therefor a risky investment. Thread with caution!
