A couple of months ago I was intrigued by an upcoming ICO and even wrote an article promoting it. Knowing the adult industry is huge, I was hoping the idea will lift off and I thought that with a good team behind it probably will be a successful project. I thought I have done my research properly, but I guess there is always a margin for errors!
A couple of weeks back was the proposed "grand openning" of the two VIT powered sites. The first surprise was that in order to open up an account you have to send 1500 vit tokens. So far so good ... probably unpleasant surprise for some but given the price of the token that wasn't such a big deal, especially having in mind that you don't "pay" the tokens, you just "lock" them in your account, kinda like steem power works. The accounts were supposed to be approved within 5 days but ... well it turns out the sites were not ready for launch. And then the wait started ... one week, second week ... always the same thing we will inform you when we have information.
The icing of the cake was today, when I found out how unprofessional actually the people carrying the weight to administer their social media are. On valid question and opinions I was both banned from their telegram group and blocked from tweeter. Instead of addressing valid concerns, they choose to ban and block. This is not how a quality project works ... this is more like a shady project behaviour. And then I remembered that their whole marketing idea is based on a lie ... Get paid to watch porn .... yeah right but no, users are not paid to watch the porn, they are paid for the social interraction (steemit copycat but adult).
It's not even worth it to mention their going back and forward on the bonus for ICO investors they promised. Changing the "rules" all the time.
Well I guess seeing a project that raises millions just to copy another project and to center it more around adult industry should raise a red flag, but I was hoping the project may manage to get at least close to steemit success. Unfortunatelly that seems less and less likely and the price of the token shows it.
I guess Vice token is just another crypto project with over promises and under delivery. And there is plenty of them but that also gives me the opportunity to single out probably the only project I am invested in that actually under promises and over delivers - TokenPay. If you are not familiar with them yet, do yourself a favor and do some research ... just a friendly advise.
Disclaimer: Everything in this article is just my thoughts and in no way should be regarded as a finanacial advise. If you plan to invest in crypto, please do your own research and never invest more than you can afford to loose. Past performances are not indicative of future results and crypto markets at the moment are highly volatile therefor a risky investment. Thread with caution!
@dynamicgreentk
hi @bebeomega
It's very upseting to hear such a stories and see unjustice that affected you. Unfortunatelly it's very easy to get burned and thanks to people like you awarness will be growing.
Thanks for taking the time and putting your effort into this post. And thx for sharing your experience.
Obviously upvoted
Yours,
Piotr
Thank you for your kind words,, sir
nice high
jump
Why should you have to add a disclaimer to your post? Isn't being able to review any service and product protected by freedom of speech. I remember hearing about Vice and thinking it would be total bullshit. It would work if a company like MindGeek (Brazzers, PornHub etc.) adopted it. The only cryptocurrency for the porn industry is Verge and I don't even like Verge but they made it. Everything else is just a cash grab. (Upvoted)
Well adding disclaimer just to be safe. I don't want people going "I sold my coins and now they moon, it's your fault" or "I bought tokenpay and now the value is 1k sat down, give me back my money". And no, it could have worked if they had spend the funds to get a good coding team and pull a good copycat of steemit, adult oriented, but I guess they suck at plagiarizing too! And now it got me thinking, since it's decentralized, how will they be able to prevent stuff like child porn or animal porn or different kinds of sick stuff. Well I guess we are about to see, if they ever manage to get their site working ...
Hi there,
I upvoted you please follow and upvote on post and i will Do the same
Lets help each other
Thank you
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STOPhi @bebeomega
This is indeed outrageous!
ps. did you give up on Steemit? Didn't see you posting in a while.
Yours
Piotr