SirioCoin SIRIO: Ethereum Cryptocurrency Lending Contracts?

Sericoin promises to be the nest big lending method that uses the Ethereum Blockchain. Why would you choose them? Because they promise that you’ll love the multi-contract additions and privileges new users get when they are token holders.

What is SirioCoin SIRIO?

Apparently, investing with Multi-Contracts and Siriocoin will get you free tokens when Siriocoin 2 and 3 are released. You’ll also have the ability to purchase Siriocoin 2 directly when you join as well as Siriocoin 3. And each contract will come with its own specific lending platform. This seams like a very shady business venture at best. The fact they are pushing new platforms before the first is even released is a bad sign.

How Does Siriocoin Work?

There is a graph that depicts the tokens distribution, but none of it really makes any sense. It is said to work like this – anyone who has 1 coin will naturally receive .50 of the series 2 coins and 3 coins. The multi-contracts are said to be about 6 months apart from each other.

What is the Lending System?

Each contract is said to have its own private lending system. And the systems are said to be accumulative plus depend on which type of coin you own. They promise to be honest and fair with no bogus percentages that will mislead you. These are said to be made over the amount of time the last token was increasing. They use very enticing language, but there is little to no evidence supporting their claims.

Who is Behind Siriocoin?

They claim to be a team who has a special idea and above all else, the best intentions. They have made the idea, so it grows over time and increases with different bonuses for the members of the community.

What you own, how much of it and how long you hold it inside the system is said to be the ultimate way to make money with the system. They believe they have the most honest numbers and percentages that any lending platform has to date.

Details About the SirioCoin SIRIO

They are primarily pushing the lending platform. They also believe it’s unfair to tell you there are no risks, which of course there are. And they believe in their idea, also that everyone else will too. They have just launched the ICO on the 10^th of February and you can look at the whitepaper to see the full roadmap and any FAQ as well as contacts where you can write to them with questions.

SirioCoin SIRIO Conclusion

Although they give an email you can write to, this is simple. The reality is that Siriocoin has nothing backing any claims they make and seem to be a true red flag company. Unless you like losing money, the best piece of advice I can give is to stay away from the company for the time being. Maybe at some point they will become more trustworthy, but until that time comes – stay away from them.