Prodeum ICO Allegedly Turned Out To Be a Scam

According to calculation, scammers could still from 0.5 to 6 million dollars
29 January 2018   2121

The Lithuanian start-up Prodeum, which promised to "bring blockchain to fruits and vegetables," after an ICO disabled the website. Twitter users noticed the message that appears instead of start-up's lending page.

Produm was suggested as a technology that was supposed to open to consumers all information about a fruit or vegetable of interest to them by scanning a special QR code. For start-ups, traders and marketers, the startup offered tracking and demand analysis capabilities.

ICO Prodeum started on January 20 and was due to finish on March 13, 2018. As part of the campaign, it was planned to attract 2000 - 5000 ETH (about $ 2.5-6 million at the current exchange rate). According to ICOWatchlist, before the disappearance, the project sold about 18% of tokens ( around $0.5M ).

At the same time, a number of users claim that Prodeum managed to raise $ 6 million in eight days.

There are doubts about the success of Prodeum: there were fewer than 200 people signing up for the startup's page on Twitter, and the purported wallet of the project is almost empty - it may have been emptied after the site was deleted.

In addition, users noticed that the Prodeum site used fake photos of the team, as well as photos of girls who advertised the project with inscriptions on their bodies.

KuCoin to Unveil First Spotlight IEO Info

First initial exchange offering at Spotlight will be MultiVAC, "a high-throughput and flexible blockchain platform based on trusted sharding computing"
25 March 2019   75

Representatives of the KuCoin marketplace shared some details of the first tokensale on the Spotlight IEO platform.

Let's put our Spotlight on MultiVAC!

It's my pleasure to introduce the pioneering all-dimensional sharding and flexible blockchain to you: MultiVAC, which is also the first project of KuCoin Spotlight.

Michael Gan

CEO, Kucoin

He added that additional details about the first IEO project at KuCoin will appear soon.

As previously reported, a new exchange's token, KuCoin Shares (KCS), will be used to purchase the assets of new projects at Spotlight. To participate in the tokensale users will need to be verified.