Many of you have heard of the new ICO PlexCoin. With high speculation comes high skepticism.
Current Speculation is over 1000% ROI in 29 Days from release. To good to be true?
Sell points start at .13 cents with a garunteed inflation up over 1.70.
...But is it a good investment? Is it to good to be true?
Im my opinion there are still alot of redflags to do with this ICO. Here are 3:
1) Flooding Centralized Social Media with Advertisments
This could be one give away that they are almost trying to hard. They are putting so much into the marketing and advertising. But why? Is it because the ICO its self is not worth it.
2) Non-specific Roadmap
When checking there website it should be laid out pretty basic for there investors and consumers to understand.
The idea behind the coin is fantastic. If it does for what they say it is. It will simply be the connection between fiat currency and cryptocurrency. With apparently having a contract with VISA to transfer any funds.
The problem with this is there comes questions, what are the chances they could have VISA on there side with cryptocurrency? Has VISA made any announcment of partnerships? Etc.
Im sure you have a few of your own questions as well.
3) Difficult to Source the Delevopment Team
Following from #2 and the Roapmap needing to be more solidified is the Development Team.
Where are they? Whos are they? Why is it so hard to find the brains behind the ICO?
When investing in any Cryptocurrency do your own research and figure out who has there hands in it. Can you find any information? Would you give that person money?
Like many great investors in Cryptocurrency is just luck, risk and specualtion. Like all investments there are many risks and gains to be aware of. Is it worth it to invest 100 dollars USD and see what happens? Will it be the next Ethereum?
P.S.
I am not advising you to invest in Plexcoin. I also am not telling you not to. Investments are your own choice and risk.
Cheers!