Krypteum (KTM) Rant

[waynemodz]

Hi Guys,

So Ive been taking a squizz at KTM,
I used Etherscan.io to see what the Token supply was sitting at using the official address

0x07d7ae2cfef947773e02f346469ea1e86f0db64d which i got off krypteum.exchange ,

I see the current balance is $0 , with having 2 transactions fail too clear due to insufficient funds for transactions fee's. (Ouch)

I then checked the creators address being the nosey person I am,
0x00E1CEf57F1E0D77A9bD2D0BA30695DF98Be025f which I got of Etherscan.

He/She has a balance of $0.44,

I see the creator has additional ICO's/Smart Contracts
Huonix (HNX)
Block Exchange (BBE)
GigaLoot (GGL)
Block Broker (BKBK)
Beta Token (BETA)
Gamma Token (GAMM)
CORCOIN (COR)
Tokewin Token (TKWT)

and then googled the Authors address only to find a discussion on the official bitcoin forum (btc talk).
I then did a whois on all the domains relating too the creator of the ICO's.... and all were masked...

As per the KTM roadmap Krypteum launch date for Kryptoro was April 2018 as per the official Kryptoro website the ICO sale begins in 4 weeks+5days from today, which is October, missing the Krypteum road map and the official Kryptoro road map of September 2018.

I also see that KTM is only listed on 4 exchanges, 1 of which closed down and have never been traded....

If these two projects fail, I think South Africa's are going to be very negative towards Crypto and ICO's especially one's founded in South Africa.

Any comments on these findings?

 

[bobbytb]

If these two projects fail, I think South Africa's are going to be very negative towards Crypto and ICO's especially one's founded in South Africa.

Krypteum (KTM token) already looks like a failed project - their site hasn't been updated in months, roadmap has been abandoned and there's no activity on etherscan.

Kryptoro looks like doing the same. Spin up the hype machine and take as much as you can.

Sadly, I suspect they're only in it to make money off ICOs...