BITCOIIN - 2nd Generation! another ICO THEFT or a good opportunity?...

If you have not heard about it, I can not blame you, given the incessant number of Pre-ICO fundraising nowadays it's very difficult to identify a good opportunity and avoid scams.

So in this post, I decided to share with you my trough about a new ''looking good'' ICO in fundraising phase, this case study will allow you to analyze by yourself any other project and make wise decisions.

In fact, ICOs could be a good way to make big profits as it could be a fast way to lose your hard earned money, you must accept to invest only what you can afford to lose and have always plan B, C, D, ect...

The ICO we gonna study today is called BITCOIIN - 2nd Generation, I came across it doing my daily researches, what caught my attention is their claims and above all two claims:

They claim a partnership with Dragon Mining, according to their website Johnny Chen, CEO of Dragon Mining, said, Bitcoiin looks like the next big thing.

They claim that the celebrity figure Steven Seagal became the brand ambassador for this 2nd Generation Bitcoin.

As a matter of fact, it's not enough to make a decision but that was enough to push me to do more investigations.

On the web, I found some rare reviews from some marketers promoting this ICO, and as they are offering referrals commission 4 levels deep, almost 32.5%, I decided to rely on myself to verify their claim & read the white paper.

BITCOIIN Whitepaper:

You can take a look at it here: https://bitcoiin.com/code/theme/default/pdf/Bitcoiin-Whitepaper-compressed2.pdf

It looks more like a power point presentation for a new MLM than a technical presentation of something new that will solve problems for the community, what they are presenting already exist in the market, maybe, we can note that if they are serious, more detailed documents should be provided in the future.

Project Background:

There is no information about the team running this project which is a big red flag, investing in such airdrop is not a wise approach.

Claims verification:

There is no official source or any other trustworthy source where we can find a trace of their partnership with Dragon Mining or Steven Seagal.

My Conclusion:

I did not take the time to check with you all the aspect of this new coin, that may seem interesting, we have already too much red flag, best thing to do is to avoid investing, for now, I will keep watching and after the official launch, I may reconsider doing another review, if it's worth it ;)

It was very fun for me to do this review, I hope you enjoy it, you can make your own idea by visiting the official website, https://bitcoiin.com/, and let me know your thoughts in the comments.

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