10 Reasons why you should NOT invest in ZEBI. WARNING!!!
Top 10 Reasons to stay away from this project
They pursued a lot of youtube influencers to hype their project, in 2018, however, most of these same influencers will not talk about this project anymore. In other words, most of the influencers that have hyped this project up, now don't talk about it, or consider it to be a failed project.
Lack of liquidity on ALL exchanges. These guys were on the tail end of the ICO bubble, and issued an ERC-20 token, at the time of their ICO, to be a token place-card holder. However, following the release of their token, they decided to spend ZERO money on marketing or trying to get listed on an exchange. This was a huge flag, because the lack of liquidity, and project stagnation led to massive dumping which the team failed to mitigate.
Lack of free speech and disclosure in their Telegram channel. Quite frequently, the moderators in the telegram channel are censoring and deleting the free speech of people who call the project into question. I have often seen frustrated people with their investments floundering come to telegram venting their frustrations with this project; the only thing guaranteed is that they will immediately ban you. Usually, 99% of the insincere projects censor free speech. This project is the same like 90% of the other scams, if you call it into question, you will be banned.
Babu Munagala who was their CEO and also western champion, is no longer spear heading this project. Basically, due to some internal conflict with the direction of this project; he has been ousted. This was an enormous blow, because since the inception of this project, he pretty much has been the face of this company. Just how big of a blow is this? Its the same as Vitalik walking away from Ethereum.
The Indian government is extremely anti-crypto, because it is a threat to their banking sector; and they don't want digital currencies to compete with their local currency; the Rupee.
The team after raising 10 million dollars, USD; still retains of 500 Billion ZCO tokens. That is correct, they own 50% of all ZCO's, and have been very unclear about the intentions and purpose of all that locked supply.
There is no community around this project, because the team neglects "social marketing", and instead of creating a healthy robust community; they are constantly attacking disgruntled investors. What i'm trying to say is; There is that their Reddit page has less than 300 members; No one tweets about this project on Twitter. There is no Public forum where people can constructively discuss this project.
There is a DOUBLE KYC for this project ---- Back in 2018, when they did their ICO, there was a signup list to participate in the crowdfunding. In order to participate, everyone was vetted and KYC'd. One entire year passed; meaning from 2018, to 2019, ZEBI traded publicly on IDEX, EtherDelta, OKEx, CoinTiger, Hotbit... basically fringe exchanges. After one whole year of public trading; with an inherent liquidity problem; Zebi for their Main net, token swap reintroduces a MANDATORY KYC to participate in the swap. Yes; these fuck faces after letting their token trade on the open market over a year, want your private information AGAIN, to swap a token.
DO NOT TRUST THIS TEAM WITH YOUR SENSITIVE DATA.... apparently something happened with it the first time, that they have to enforce it again a second time? They have zero remorse toward their global investors and token holders.Whenever they have a "Question & Answers" conference with investors; they implant their own questions that they then, answer themselves. Any legitimate question concerning the integrity of this project is immediately skipped. They don't care if you are happy or not; they are doing things their way.
This team is extremely unprofessional.LACK OF TRUST - The MAIN reason to not invest in the project; there is major internal conflict, disregard for investors, extreme censorship, lack of liquidity, ambiguous transparency, constant modifications to their terms and white paper. The country of India is not Crypto friendly... they haven't done anything to earn the trust of their investors....
But lets be real; you know you have a problem when Indians won't invest in their own blockchain....
Why should you?