It may well be, smells like snake oil to me. I wont be sending them a cent, there are many other more credible ICO's out there.
If you haven't seen their site as yet.. https://www.plexcoin.tech
Meanwhile in Canada, Plexcoin are in trouble with the regulators ..
MONTREAL, July 21, 2017 / CNW Telbec / - On July 20, 2017, pursuant to a request filed by the Autorité des marchés financiers (AMF), the Administrative Tribunal for Financial Markets (TMF) issued ex parte various orders against PlexCorps, PlexCoin, DL Innov inc ., Gestio inc. And Dominic Lacroix in connection with their activities associated with an investment in the purchase of PlexCoin, a virtual currency.
Specifically, TMF has banned PlexCorps, PlexCoin, DL Innov Inc., Gestio inc. And Dominic Lacroix to carry out any activity in order to carry out, directly or indirectly, any transaction on any form of investment described in section 1 of the Securities Act, the solicitation and solicitation of investors, In Québec or from Quebec outside Quebec.
The TMF also ordered PlexCorps, PlexCoin, DL Innov Inc., Gestio inc. And Dominic Lacroix to withdraw any announcement or solicitation made on any Internet discussion site or otherwise, in connection with securities or any form of investment, published or broadcast by Internet or otherwise, directly or indirectly by the latter.
In addition, the TMF ordered PlexCorps, PlexCoin, DL Innov Inc., Gestio inc. And Dominic Lacroix to close the websites www.plexcorps.com and www.plexcoin.com or any other site of the same nature as these sites, published or distributed, directly or indirectly by the latter or, failing that, make them inaccessible for any S IP address in order to prevent anyone residing in Quebec from accessing these websites. They were also ordered by the TMF to publish their order on the home page of these sites.
Finally, TMF ordered Facebook Canada Ltd. To close the Facebook accounts of PlexCorps and PlexCoin.
Note that DL Innov inc. And Dominic Lacroix are covered by other orders, which were pronounced by the TMF on June 13, 2017.
The Autorité des marchés financiers (AMF) is the regulatory and supervisory body for Québec's financial sector.
