Hi @mrwalt the graphics contain in the whitepaper shows scene of the HK skyline with traditional Chinese characters wordings so it may be a HK based company that is doing the ICO. To be doing an ICO at this time is problematic with the temporary crack down by China and the recent remarks by the SFC in HK about ICOs. There was a Bitcoin scam in HK a few years ago in which millions of dollars was involved with arrests and I think the authorities will probably keep a close eye on this not wanting another scandal on their watch. I will definitely be keeping an eye on this as to whether it will ICO.
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You are correct on all fronts as it could definitely be a scam or someone trying to clone Bitconnect since it is a platform that a lot of people have dumped money into. I mean anyone can almost print money at will. Just think that if the ICO is successful they will have raised almost 5 million dollars off of a website that it not even completed yet. Crazy stuff.