thank you for this good summary. I have the exact same reservations as you do - you get a worthless token with no legal recourse, and you just have to "hope" that you are getting an actual EOS token in the end.
So for me, probably a "invest, yes - but only a bit of money you are willing to lose completely, like a few hundred bucks"
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Please note that this article is an almost verbatim transcript of someone else's video:
So basically this person "Tinashe" just stole someone else's work.