Prodeum ico

Prodeum, supposedly based in Lithuania, was set to “revolutionize the fruit and vegetable industry. It would do this by putting a new price look-up code system (PLU) on Ethereum’s immutable blockchain. This way, people could track where their fruit and vegetables came from, effectively improving the industry’s transparency.

They started on 20 January 2018 and 8 days later – bam – the website was replaced by this lovely thing. The project creators disappeared in an unknown direction, being sure to empty the wallet first. This ICO promised to bring blockchain technology to the fruit and vegetable market. Moreover, it had all of the hallmarks of a legitimate ICO. Furthermore, the team appeared to consist of well-known cryptocurrency names, Also, the white paper appeared legitimate, but then out of nowhere Prodeum suddenly disappeared with all of its investor’s May 17, 2018 · Another dubious ICO was Prodeum.

26.05.2021 Prodeum ico

They aimed to The crypto-trading community was devastated over the weekend to discover that prodeum, a new crypto token intended to “keep track of produce on the Ethereum Blockchain,” vanished into thin air An ICO is an unregulated fundraising technique used by blockchain companies where cyptocurrencies like bitcoin and ethereum are used to purchase “tokens” from a startup. In theory, the tokens will be valuable if the company takes off, though many people buy random digital tokens in the hopes that they can trade them like stocks. 169 votes, 81 comments. Promotional press release for Prodeum: ICO tracking page for Prodeum: Someone noticed that the Prodeum website used … Jan 29, 2018 A cryptocurrency startup called Prodeum – which promised to good ol' exit scam, leaving its duped ICO investors with one word only: “penis.

Jan 29, 2018

With 54 million total coin supply, and each coin priced at 10 cents, several crypo enthusiast saw this as an oppurtunity to multiply their investment. Prodeum was positioned 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 barcode. For start-ups, traders and marketers, the Prodeum offered tracking and demand analysis capabilities. ICO Prodeum started on January 20 and was due to finish on March 13, 2018.

Jan 30, 2018 · Its entry on ICO Watchlist indicates Prodeum completed 18 percent of its funding goal. Meanwhile the address given for ICO fundraising shows there were fewer than 50 transactions made in total. A user claiming to be behind the scam said on a forum that Prodeum was a failure, only making $3,000. The supposed creator apologized and vowed to

This, coupled with the fact that its name which is pronounced and spelled almost the same as “Prodium,” a drug that’s used in treating urinary tract infections February 06, 2018 Last week, the Prodeum ICO pulled an exit scam, disappearing into thin air and implying well-known and respected Lithuanian blockchain community members. Now, they claim that three more scams, operating on the same scheme, are public and running. 168 votes, 81 comments. Promotional press release for Prodeum: ICO tracking page for Prodeum: Someone noticed that the Prodeum website used … The Prodeum project was another quite remarkable exit scam. This supposed startup was going to put fruits and vegetables on the Ethereum blockchain with their ERC20 token crowdsale. They aimed to The crypto-trading community was devastated over the weekend to discover that prodeum, a new crypto token intended to “keep track of produce on the Ethereum Blockchain,” vanished into thin air An ICO is an unregulated fundraising technique used by blockchain companies where cyptocurrencies like bitcoin and ethereum are used to purchase “tokens” from a startup.

Most participate in ICOs and, every once in a while, the team behind one pulls an exit scam and just vanishes with people’s money. Ethereum-based startup Prodeum just pulled one on its investors. The website for the Prodeum ICO project has gone offline unannounced on Sunday, leaving only a nasty message to investors behind. Prodeum, with reportedly stolen identities of its “team” was supposedly a startup from Lithuania “about Jan 29, 2018 · A cryptocurrency startup called Prodeum – which promised to “revolutionise the fruit and vegetable industry” by putting it on the Ethereum blockchain – has seemingly pulled a good ol’ exit scam, Jan 29, 2018 · An initial coin offering pitching an Ethereum blockchain-based token for the fruit and vegetable tracking has shut down in what appears to be another ICO scam.Called Prodeum, the company claimed Jan 30, 2018 · Prodeum, an elaborate ICO that raised over 60 million from investors has disappeared. It turns out that Prodeum is a baloney and a mere scam orchestrated to raise money fraudulently and then disappears.

The press release had described Prodeum as a Lithuanian blockchain project aiming to overhaul the Price Look-up labelling process on fruits and vegetables. The ICO was well organized, From the whitepaper to its web design, to the details of its founders down to being active on social media. The whole operation was well orchestrated except for their below-par marketing strategy. The Prodeum team paid women to write Prodeum on their chests and palms using freelancer website Fiverr. This, coupled with the fact that its name which is pronounced and spelled almost the same as “Prodium,” a drug that’s used in treating urinary tract infections Prodeum, supposedly based in Lithuania, was set to “revolutionize the fruit and vegetable industry.

The ICO was well organized, From the whitepaper to its web design, to the details of its founders down to being active on social media. The whole operation was well orchestrated except for their below-par marketing strategy. The Prodeum team paid women to write Prodeum on their chests and palms using freelancer website Fiverr. This, coupled with the fact that its name which is pronounced and spelled almost the same as “Prodium,” a drug that’s used in treating urinary tract infections February 06, 2018 Last week, the Prodeum ICO pulled an exit scam, disappearing into thin air and implying well-known and respected Lithuanian blockchain community members. Now, they claim that three more scams, operating on the same scheme, are public and running.

Jan 30, 2018 The startup believed so much in their idea, they set up an ICO (Initial Coin Offering), asking people to invest in them through Ethereum. However, Apr 20, 2018 the dreaded ICO scam, where the creators simply take the money and run. Savedroid's stunt felt near-identical to January's Prodeum debacle Jun 14, 2018 Prodeum attempted to raise $6.5 million through an ICO in January by falsely listing blockchain experts as team members before disappearing, A recent example is an ICO undertaken by Lithuanian start-up Prodeum in January that disappeared within a few days of its launch after raising just US$11. Feb 13, 2018 Prodeum is the latest of several ICO and cryptocurrency scams to happen in the past year. Last November, Confido, another blockchain project, Jan 30, 2018 Prodeum – an ICO (Initial Coin Offering) built on Ethereum – was exposed as a scam after all data was removed from its website, prodeum.io, Feb 13, 2018 Fortunately, that ICO had only raised a few hundred dollars, and people didn't lose large fortunes. Defaced Prodeum website. Related Articles:.

Fortunately, that ICO had only raised a Jan 29, 2018 · The Prodeum Project seemed like just another blockchain start-up raising money via ICO crowdfunding.It had a white paper. It appeared to have fans on Twitter. It had a logo. Its aim was simple: to Another Ethereum Startup Prodeum Vanished Into Thin Air After Collecting $11 from Investors for ICO and leaves behind a penis.

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About The Prodeum ICO Prodeum told it’s investors that it is bringing blockchain technology to product manufacturing and tracking. Prodeum claimed: “It will be a platform used to monitor and track the produce value chain. The project will combine existing PLU processes with blockchain technology.

Prodeum. 10. Matchpool. Legal ICO: 1. Bankor. 2. Sirin Labs.