A quick look at Peculium (PCL) revealed this: SCARY crypto world - TrustNoOne

in #bitcoin6 years ago (edited)

This morning, I just wanted to research some low cap crypto and this one caught my attention due to its Market cap and volume.

Screen Shot 2018-06-04 at 10.43.08.png

I went on researching, idea looked okay, and when I moved on to the team, it was Massive! Hmm, impressive!

Screen Shot 2018-06-04 at 10.51.50.png

Screen Shot 2018-06-04 at 10.52.02.png

Boom! one name looked familiar.

Name: Jorge Rodriguez
Position: Chief Security Officer

Cool! I went on to check the above named gentleman's linkedIn and discovered he is already one of my connections. No wonder why the name looked familiar!

Screen Shot 2018-06-04 at 10.44.32.png

I further moved on to check the gentleman's experiences

Screen Shot 2018-06-04 at 10.45.28.png

Holy mother of the universe!!!!! Working for over 10 projects?!!!! Thats a massive red flag there.

Well, I again thought as he is listing himself as a security advisor, maybe he offers some basic security advices to crypto projects, fair enough!

Well I went back to the list and searched Peculium.

Screen Shot 2018-06-04 at 11.03.48.png

BOOM! He is just a security advisor to Peculium. Well, one of the 10 projects he offers security advices for.

I went back to the Peculium website and checked again.

Screen Shot 2018-06-04 at 11.04.10.png

WHATTT???!!! Chief Security Officer? Are you kidding me??!!

Do these people at Peculium even understand the importance of security to a crypto project? Especially to a project like Peculium which aims to be a saving account of crypto investors.

Find someone random on linkedIn, ask them to be an advisor, give some useless tokens, and list them as a Chief Security Officer? What the f*uck is going on?!

I couldn't waste any further time on this shitty project which is being run by deceitful pricks! I am still left surprised by the volume. How the hell can so many people be so stupid?

I am certain that 90% of the other hanging photos (team members) are just useless photos. Couldn't bother researching more. Morning shows the day....

So, Lessons for the day:

To investors:

  1. Do not always be fooled by volume. People make mistakes.
  2. Do PROPER research!
  3. A tiny smell of fraud, AVOID!!!! No further speculations!! Many good projects out there.

To ICOs/Projects:

  1. Why the hell on earth would you try to provide false information? It will be revealed sooner or later. So, be honest with investors.
  2. More no. of photos mean nothing. Think about what value they can bring to your project.

Stay Safe Everyone!!!

ABOUT ME:

I am a PhD researcher as well as a crypto enthusiast. I manage a Facebook group – ‘Crypto Traders’. Let’s get engaged:

https://www.facebook.com/groups/cryptotradersglobal

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GETTING STARTED?

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BUYING ALTCOINS/EXCHANGES

Binance is one of the most trusted altcoin exchanges as of now. Follow the link below to sign up to Binance
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WALLETS

For the security of your cryptocurrencies, it is extremely important to have a hardware wallet. Ledger Nano S is what I use, and I recommend everyone to use it. Never leave a large amount of funds in an exchange.

Use the link below to order a Ledger Nano S for yourself.
Link: https://www.ledgerwallet.com/r/aa58

CONTRIBUTIONS

Feeling thankful for the gains you made? I’d welcome your contributions ;). It would help me to devote more time towards crypto gem research.

My Litecoin (LTC) Wallet: MKikka2dimFQGy974YeiWrtzdnTLX6BTWw
My Ethereum (ETH) Wallet: 0x94355Cb1529dF9A20A47FCe12b635b25D867d4ae
My Bitcoin (BTC) Wallet: 33xeMoNtK4vHB7XSn8hJ1EpCarf6kdf5fe

Disclaimer: Please note that I not offer any financial advice. I don’t call myself a market expert and I too make mistakes sometimes. Investing in cryptocurrencies comes with a lot of inherent risks hence, always be sure to conduct enough research before throwing in your hard earned money.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin6878.530$1.43%-8.04%
ETHEthereum529.357$0.75%-10.37%
LTCLitecoin107.023$0.53%-9.77%
NANONano3.175$1.9%-17.5%