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CCRB Giveaway Scam: “Refer and Get Zero”.

Screen Shot 2018-05-01 at 23.17.41
In your dreams
Screen Shot 2018-05-01 at 23.17.23
In reality

Dear All,

Understandably, many are curious what is happening to their referral bonus now that the CCRB Token Sale is over.

CCRB did clearly state, via the platform’s website and through correspondence, that the referral bonus will be paid out once the Token Sale finishes regardless whether the referrals make a purchase or not. It was repeated numerous times and as explicitly as it gets.

However, please remember that the cryptocurrency world is largely unregulated. Most of the companies are honest and abide by their promises and T&Cs. Others don’t.

Have you “worked” hard, promoted the CCRB platform and attracted 100s-1000s of referrals?

Did you get excited, looking at those hundreds of USD in your virtual “wallet”?

Do you feel screwed over now that you are all of a sudden expected to somehow make 20% of your referrals purchase something from CCRB’s so-called “partners” (are these partnerships real and unique?), even if you have no clue who clicked on your referral link? Well, sorry to say, then you learned your lesson from an interaction with a Ponzi Scheme-ish organisation.

In case it makes you feel any better (it should not), there are people who feel that they’ve been screwed over even more than you do, – those who actually “invested” in purchasing the CCRB Token when there was no indication that CCRB is interested in anything apart from increasing the perceived legitimacy of its “ecosystem” and investing in anything apart from making it seem that the CCRB token is actually worth anything.

CCRB Token Price.png

(is CCRB a scam or not? What is it all about? How true are all those numbers stated on CCRB’s website? Stay tuned for full digest of what, how and why!)

Q: I have contacted all my friends, family, posted in Facebook/Twitter/Steemit, got 400 (500, 600, 1000) people to register and was waiting for the end of the Token Sale and now I find out that, unless 80 people (100, 120, 200) make a purchase, it was all for nothing…

A: So, according to the “logic” (or absence of such, rather), you should NOT have referred many people. If you would have only referred your immediate family of five people and got your mom to buy whatever from whomever, you would receive 100% of your referral income

Ergo, the harder one worked to promote CCRB, the further he or she lowered his or her chances to get anything in return. But you did not know that up until today, did you.

Q: But they said… But they wrote… But it was stated…
A: Yes…:Screen Shot 2018-04-19 at 10.54.38
…and the CCRB “Whitepaper” states that “the token is based on the Bitcoin 2.0 protocol”. Nuff said.
…to be continued.

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V. Buterin is boycotting Consensus

One of the most famous public figures on the cryptocurrency scene is boycotting Consensus due to Coindesk’s association with a company accused of giveaway scamming.

buterin.png

…and rightly so.

Source: https://www.bloomberg.com/news/articles/2018-04-26/ethereum-founder-is-boycotting-one-of-the-biggest-crypto-summits

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CCRB Token Sale Results – This is (not) a Joke

Before the second round of Token Sale, CCRB’s Whitepaper (sic!) was like:..

CCRB works just like Bitcoin, but removes mining for profit. CCRB is 100% pre- mined and the cryptocurrency is closely linked to cash-back and loyalty platforms.

Based on the Bitcoin protocol, CCRB will virtually eliminate mining for profit – the aspect of cryptocurrencies responsible for harming the environment, through wastage of electricity.

CCRB Whitepaper Fail.png

source (hurry, before it’s taken down)

Awww, “wastage of electricity”, awww. Anyone with half a brain saw past that statement when reading through the “Whitepaper” (we recommend having a read, – CCRB’s Whitepaper is Alice in Wonderland of cryptos).

When the second round of Token Sale was coming to an inglorious end, the official CCRB Newsletter is like:..

First up, we have the Mining CPU tool, which enables users to actively mine cryptocurrency using nothing more than their standard laptop/PC and an internet connection!

Screen Shot 2018-04-27 at 13.56.59

– wait… What about the ENVIRONMENT?..

Basically, the Newsletter piece saying to all CCRB holders and followers: “look to which extent we don’t give a flying f*uck, – Whitepaper? Who gives a damn?

Phantasmagoria? Identity disorder? April Fool’s? Naaah.

Token Sales Targets barely met halfway.

Airdrops, Buying Cryptocurrency, Coins, Editor's Choice, Featured, Guide, ICOs, Markets, News, Scams, Signals, Tokens, Trends

5 Biggest Cryptocurrency Scams

Cointelegraph published an article detailing five notable cryptocurrency scams.

cryptocurrency scams onecoin bitconnect plexcoin centratech pincoin

Source: https://cointelegraph.com/news/unpacking-the-5-biggest-cryptocurrency-scams

“The crypto community needs to promote financial education and ethical investment practices, otherwise governments will over-regulate and stifle real innovation. The most effective way to protect investors is through education. Investors need to learn how to evaluate investment opportunities, quickly spot scams, and know how to manage risk.”

The crypto market has immense potential, but is still immature; should its reputation continue to be tarnished by shady companies and schemes, governments will not have a choice but impose regulations at a stage when over-regulation can be lethal to the market as a whole. The sooner the market learns to self-regulate, the better; hence, pointing out scams is one of the objectives of this blog. We do not give investment advice, however we do encourage the readers to use common sense and critical thinking.

When looking at an ICO…

  • Read the Whitepaper. Is it up to industry standards?
  • Have a look at the Roadmap. Has it been followed up until now?
  • Have a look at the Team. Is it composed of Tech guys, or Salespeople?
  • Is the project unique?
  • Are there valuable partnerships? Are the partnerships real?
  • How approachable is the team?
  • Is the strategy clear and concise?
  • Are the objectives attainable and realistic?

If you have already invested in coins/tokens/ICOs…

  • Have a look at your portfolio. Critically examine the progress of every item.
  • Has the company made any progress since your first look?
  • Does the project show real signs of life, or is starting to seem abandoned? (beware, – after recent price falls, many companies are thinking of exit strategies)
  • Is the team expanding or contracting?
  • How has the market reacted to any news regarding the project?

Etc.

P .S. DO NOT FALL PREY TO FOMO. Many “investors” felt FOMO when looking at Bitcoin price in December.

 

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Cryptocashback. Bittle vs. CCRB: Partnerships, Retailers and Investment Potential

Although nothing prevents the users to have accounts with both CCRB and Bittle, we are curious as to how the two services offering cashback in form of cryptocurrency develop.

Read CCRB: A Challenger Appears (first article)

We took the UK as an example of both a very developed retail market and a fairly technologically-savvy and crypto-educated nation. Moreover, both Bittle and CCRB aren’t strangers to Britain. So, should one wish to make a purchase and earn some cryptocurrency in form of “cash”back…

Bittle vs. CCRB: Partnerships, Retailers and Investment Potential

Continue reading “Cryptocashback. Bittle vs. CCRB: Partnerships, Retailers and Investment Potential”

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Legal Status of Cryptocurrencies in Sweden, Finland, Israel, USA and Switzerland

Although EXMO.com does not expand its list of cryptocurrency pairs as often as other exchanges do, it offers its users low transaction fees and demonstrates high trade volumes, in comparison to the exchange’s size. In addition, EXMO’s newsfeed often features interesting general knowledge articles. We are taking the liberty of reposting one of them.

exmo.com cryptocurrency exchange
The further development of cryptocurrencies will mostly depend on how the legal status of cryptocurrencies will be shaped throughout the world. 

The issue of cryptocurrency legalization (which means that cryptocurrencies get the legal status both in the particular countries and international financial institutions) appeals not only to the crypto-community. The solution of the stated issue will also predetermine the perspectives of the digital economy development, which is getting more and more powerful in the global economy as well as in life of every individual person. 

EXMO experts have summarized the information on the issue of cryptocurrency legalization, its aspects, and importance of this process for the whole market participants.

Legal status of cryptocurrencies. Control and difficulties

Legal regulation of the cryptocurrency market will protect the interests of every user, who have become the bitcoin owner, altcoins owner, or ICO investor, in many aspects.

The regular users are quite uncertain whether they may rely on the law in case of any problem concerning crypto-exchanges, ICO, or cryptocurrency management in general. The miners and traders are also rest in the risk-area, due to the fact that they are concerned with the issue of the crypto-profit “nature”. The continual difficulties with supplies of the new equipment for the mining farms is another problem. Remind that mining, as a kind of activity also requires the initial investment, which cannot be legally protected at the moment. 

Legal systems of many countries cannot clearly determine whether cryptocurrency is legal or not. One the one hand, it is not forbidden, on the other – it is not allowed due to the accurate identification of “What is cryptocurrency?” does not yet exist. Thus, the legal environment governing cryptocurrency has not been worked up. 

The large businesses working with cryptocurrencies one way or another need not only the general legal certainty but favorable governmental position as well concerning the issues of crypto-economy legal control. 

A lot of market participants including active market traders, regulatory institutions, international financial institutions, banks, which are participating indirectly in the market activities would approve the measures taken for cryptocurrencies exit from the “legal shade”. 

Here below we will discuss countries, where cryptocurrency is allowed, and how some governments and financial regulators reacted on the availability of digital money in the financial payment system. 

What is also important is that mostly developed countries have supported cryptocurrencies one way or another. These are the countries that are open to the innovations and contribute to them; they also point out the long-term perspectives of the global economy development.

Be support or be banned

The active spread of interest to cryptocurrencies suggests the innovative economics to make specific decisions and actions, which is likely to have a positive impact on the market and its further perspectives. There are also people, who are ambitious about leading the “trendy” movement among the international market participants. Through creating the favorable and transparent conditions for business and market participants, attracting investment, these countries are pressing the gear even now. That is the case of Switzerland. 

Switzerland

Continue reading “Legal Status of Cryptocurrencies in Sweden, Finland, Israel, USA and Switzerland”

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The “Crypto Currency” Chronicles

Announcing a new sub-section of our blog which will focus solely on how “well” the companies opeating within the sector communicate their message to their users and potential investors.

– How many thousands $$$ should you invest in the tokens of a company which calls Etherium “Bitcoin 2.0”?

– “What is “Airdrop”? – the Supportiveness of Support

– “You say it best when you say nothing at all” – why some Whitepapers should have remained blank.

& many more brand image, marketing and common sense fails.

Stay tuned!