Megatron ICO (MGT Token): Beware Cryptocurrency Scam Coin?
You might have heard about this new company called Megatron if you frequent the cryptocurrency community. This time, the company is not getting famous because of its excellent job, but because many people around the web are stating that Megatron is, in fact, a scam. Is it, though? Read our analysis and you might discover that.
What Is Megatron?
Megatron is a new cryptocurrency which is going to launch an Initial Coin Offering (ICO) soon. The company has a pretty standard discourse. Megatron are Ethereum-based tokens that will be excellent for miners and traders and will bring transparency and security to the market. Have you heard this story before? Probably.
Basically, you can say that Megatron will be a cryptocurrency focusing on trading. The company does not make it very clear what the project is about, but you can see that it is good for mining and trading, if you believe the company.
Megatron promises instant withdrawal and huge profits for the investors. The sales will be happening from April to May. This cryptocurrency will allegedly be supported by all the main Ethereum wallets.
Who Is Behind Megatron?
The creators of the company are Albert Lewelsheim (CEO) and Kevin Fischer (project manager). If you look for these people online, you will not find them. In fact, looking for the pictures of the people who allegedly work on this company will lead you to see that most of the pictures seem to be Photoshopped versions of other people.
This leads us to believe that these are, in reality, the creators of Megatron. Because of this, beware of this company.
Megatron Beware Cryptocurrency Scam Coin
Quite possibly, yes. The company has many of the most typical red flags that you can find a cryptocurrency scam that was not very well done. You can easily see that the work who supposedly work on the company does not exist and the platform does not have a clear goal or objective. In fact, all the claims about how the project will work are considerably vague.
Megatron MGT Token ICO Details
Megatron is launching and ICO for their MGT token on 04/15/18.
- Token Name: MEGATRON
- Token Ticker: MGT Token
- Supply 21,000,000 MGT ( PRE-Mined )
- Token Decimals: 8
- Platform: Ethereum Blockchain
- Token Standard: ERC20
Allocation Of Funds
- 18 million for ICO (Public sale)
- 1 million for bounty program
- 300K for free Airdrop distribution
- 300K for project Advisor & Advertisement
- 400K for MEGATRON Team & developers
- 1 million token reserve for founder (Lock for one year)
Do not invest in Megatron and advise your friends to also not invest in this company. We are 99% sure that Megatron is a scam, so even if, by some miracle, it’s actually not, it’s just not a good idea to invest because you could be investing in companies that look considerably better than this one.