I've done a little research on this, and felt like sharing because a little more into embracing transparency and good practices is needed in crypto, isn't it?Anyway, in the middle of the crypto boom, a friend of mine insisted we invest in this ICO, Copytrack. The ERC-20 CPY tokens were valued at 1.2 USD, although I remember them having different bonus tiers and price brackets... I remember this opened trading at a huge loss, and I just took it. Mind you, it wasn't too much money but nobody likes losing it. Anyway, this token is trading a year later in one major exchange, HitBTC, for 0.02 USD (98% drop from ICO) and 2 USD of trading volume.Currently, the company who did the ICO shows no association with Blockchain whatsoever and mentions of the CPY tokens are nowhere to be found in their site. It looks like a regular startup http://bit.ly/2ZOvqxD Github is an absolute joke http://bit.ly/2UVFdy5 can see on their Twitter that apparently they are doing fine, even showing that they employ a fair amount of people https://twitter.com/COPYTRACK/status/1122781330654339072Researching a little bit, apparently they created a branch company named Concensum which is the one associated now with the CPY tokens... But they haven't done any decent progress as you can see on their outdated roadmap http://bit.ly/2ZOvT2R and also their Coinmarketcap and Etherscan pages shows the old data http://bit.ly/2UWtPlp & http://bit.ly/2ZOvU6V original team members of Copytrack are still there http://bit.ly/2UVx9NZ and they were the same people raising funds in the ICO http://bit.ly/2ZOvsFL, just your regular ICO grab that without the wild wild west of the crypto world wouldn't have achieved any funding. Let's say they did a soft scam.
Submitted May 03, 2019 at 07:59AM
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