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Terrible Token Tuesday – 10 (Not So Much) “Industry Leaders” Going With Justin Sun to the Buffet Dinner

Terrible Token Tuesday – 10 (Not So Much) “Industry Leaders” Going With Justin Sun to the Buffet Dinner

As always, the Concourse Open Community is going up & down, left & right all over the space, publishing its findings at ConcourseQ, and highlighting the latest and not-greatest ICOs. Happy Terrible Token Tuesday!

The most terrible projects for this installment of TTT are:

Terrible Token Tuesday

Tagz. Tagz are self-branding as the “Trading Platform of the Future.” However, with a company registered just 2 months ago, no licences, and zero expert on the team, you can’t blame us for not really buying it. But, you have to give it to them for their way with words. Seriously, “Head of Vision Strategy” position and the “Tagz” name are ingenious!

Terrible Token Tuesday

Toyken. We are not sure what to call Toyken… but claiming that Target copied your brand name to get more online exposure is either arrogant or borderline delusional! On the substance side, the team can’t produce a decent looking website for a toys sales business. And, they have no problem discussing their previous use of “fake it till you make it” tactics in the whitepaper. We just can’t believe what we saw there!

Terrible Token Tuesday

Crypto Wealth. We know a lot of projects try to smooth the rough edges off before ICO time. It’s just like anyone dressing up for a first date. But to go around totally making up that Google and Zuck invested in your project is not really in the “accepted” playbook!

 

Terrible Token Tuesday

HyghWe were not able to understand how Hygh can list top companies like Tesla, Reuters and others as clients while their alleged “advertisement platform is still in Demo and not fully functional.” Is Reuters doing the Beta testing for Hygh? We seriously doubt that! We found the best part of the Hygh website to be this nice slider that “predicts” your possible returns. Don’t be surprised when you see it go up to 2,816 % per year! Nothing fishy here, business as usual!

Terrible Token Tuesday

Bitacium. Bitacium seems like a MakerDAO copycat packaged with some exchange nonsense. And of course, zero actual code or working product! The documentation on the actual mechanism of the “stable currency” being referred to are not really clear. We also don’t know if the process is trustless. And what about that awful “Bitacium” name, looks like it belongs on the periodic table of elements!

⛰ Announcement 

The Concourse Open Community is building a lot of cool stuff. Check out our website for a high level view on all our projects and join us on Discord to find out about how you can get involved!

 

And now some previously featured really terrible projects:

Terrible Token Tuesday

Slothee. Maybe Slothee missed the last 10 years of social media development, because they’re building a B2C platform. Which might’ve been okay if the team weren’t targeting an insane billion-dollar valuation and projecting 150K users at the end of 2019. This is for an app with only 10 downloads so far! Also, “Slothee.”

Terrible Token Tuesday

Streamex. Streamex wants to build the most advanced trading platform there is. Even if it had the necessary talent (it doesn’t), that’d be a tall order considering that today’s major crypto exchanges have become multi-billion-dollar giants, and traditional institutional players keep raising the level of competition. What’s more, Streamex’s token – basically a BNB knockoff – won’t have any real use unless/until the exchange gains major adoption. Maybe don’t hold your breath.

Terrible Token Tuesday

ZimriiZimrii claim to have started in 2016, but they sure don’t have much to show for those 3 years of hard work. Worse, there’s no sign of their supposed beta release. Their GitHub is a ghost town. And on top of that, their website wasn’t even online April 2018. But maybe that what you’d expect from a team who’s trying to allocate 110% of its tokens.

Terrible Token Tuesday

PietaPieta didn’t get off on the right foot when it plagiarized Phoneum’s whitepaper (really not worth copying, if you ask us). And it’s clear that Pieta’s team lacks technical knowledge. The founder’s background is in social-work (an admirable pursuit, but simply not relevant here). Plus, a qualified team wouldn’t pepper its materials with uninformed pseudo-technical references to mining, transaction times, and privacy. The project kinda comes across like a bad CSW joke.

Terrible Token Tuesday

PcoreWe’ve seen our fair share of bad projects on ConcourseQ, but Pcore is in a league of its own. The poor quality of its documents, the low level of execution, and the lack of attention to detail are simply unparalleled. No idea where they think they’ll find people willing to stake $5 Million on a project that can’t even spell the words “financials” and “investors.”

 

The ConcourseQ team would like to thank everybody who helped on these due diligence reports and all the others!

Come join our community or talk to us in our Discord.

 


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