Flashmoni is a blockchain company that offers cryptocurrency that is supposedly backed by physical gold. They claim to offer plenty of different solutions for payment processing through the use of the popular smart contracts for advertising tech.
What Is Flashmoni?
Right now there are an unreal of ICOs attempting to raise hundreds of millions of dollars over the course of only a few days. The ICO market is overtaking the venture capital industry as well as crowdfunding campaigns. In 2017, there was an unbelievable 3 billion dollars in vesting that took place with ICOs. The onslaught of blockchain startups entering the seen every day. They’re more or less attempting the fast paced, pump and dump schemes through the use of the initial coin offerings.
Is Flashmoni Gold-Backed Crypto Financing & Advertising A Scam?
Definitely, and here is why – First they have a full set of hyper-unrealistic goals. And when an ICOs makes promises with no strategy, plan or roadmap, it’s a good idea to stay away from the company. Also, even if there is a said roadmap, you still need to research into the possibility of the project actually working.
Even though they have a whitepaper listing, it seems like it is more often not too good to be true. And when you read it, and it still sounds like a scam because of unrealistic claims, it’s likely a scam. Before you get involved with OZT Tokens ICO, take a close look at what they’re claiming. And, are the claims backed by a strong business model with solid fundamentals? It’s not likely, it’s more likely that they are just making a bold sales pitch that will capitalize on naïve investors.
ICOs are seen by many as one of the most obvious scams. The tokens are rarely backed by anything tangible, with even less proof of how they actually work. Usually they can only be traded within the company, and not pulled out until it’s too late. Unfortunately, Flashmoni seems to be following that same plan of attack. There are also no legal guidelines for the company just like many other ICO scams. That is why it’s vital that you stay away from Flashmoni and there related ICO.
At this time, it doesn’t even seem that there is a beta version of the company, instead only being claims that are backed by no information. This is a typical sign of nearly every scam based ICO on the market to date. They don’t even have a dedicated token backing the project, instead there is nothing in regard to that, or their blockchain technology for that matter.
The company also isn’t releasing anything on their project coding. So, that means it’s not available to the public on any open source websites like Github. This is a huge red flag, proving that the company Flashmoni needs to be completely avoided at all costs. Investing with Flashmoni would be a very real risk, more of a danger even as it’s nearly 100% guaranteed that any investors will lose their money out right.
As of now, it doesn’t even look they would need a native token for this project, the reason they do however is to use crypto for sake of crypto. Basically, capitalizing on the popularity of cryptocurrency as of today, but not for any real technical meeting of any kind.
It’s not even creative, the way they’re doing everything is just the same as nearly all the other scam ICOs that are taking place in the industry.
Who Is Behind The Flashmoni Company?
Here is another one of the issues with Flashmoni, they don’t give any information on their team or headquarters. One of the biggest red flags in any cryptocurrency ICO is that of anonymity. While that’s nice for the users, it’s not for the developers. A company who is hiding its identity and team should never be given any money.
If they don’t put their own identities on the line, just like the company, there is no point in taking them seriously. Especially when they are making big, bold and unrealistic claims. A lot of them will make outrageous claims that their token will solve every problem online, that’s a definite scam as well. And when it comes to Flashmoni, they make the claims that they will make the world a better place for future generations, an obviously ridiculous statement.
They don’t’ disclose any info on who is partnering with the company, who is representing it or any qualifications of anyone on the team. Without any info on the presence the team holds or what companies they are working with, a person should not trust them. Usually, a real startup will be fully transparent about their CEOs and founders, technical team and where the physical location of the company is. Without any of this information, there would be no way to trace the company after you give them your money.
If Flashmoni wants people to take them seriously, they will have to reveal this information. Otherwise, the company will continue to raise suspicion with anyone who has any experience in the cryptocurrency space. As of now it’s hard to see them as being a legitimate business. They seem more to be a completely fictitious business, that is ready to scam anyone they can.
Flashmoni OZT ICO Details
The ICO for the company is primarily to raise money to give their blockchain technology a jump start. But from what we can see here, they appear to be nothing more than a fake company, with no real information on how their token is going to provide any real solutions for those in the industry.
Should I Invest With Flashmoni?
As of now, investors would be wise not to invest with Flashmoni. The company seems to be a potentially dangerous investment. It’s more or less a way for a very small group of people to earn a lot of money from naïve, new investors who have no idea of what they’re doing. Flashmoni looks to be using the same strategies that other scam websites have used. For example, they have a nice flashy website with big bold claims of little to no work required, for a massive and unrealistic ICO.
No matter how great a company seems, if they can’t back up their claims then you likely want to stay away from them. Because when it comes to Flashmoni, they seem like a scam, which means it probably is.