Suspicious ICO — SOSNOVKINO

ZebraCrossing
Jul 24, 2017 · 1 min read

This new and coming soon ICO got my interest because it said it already owned 194 hectares of land worth $3 million , and it will give you 300% profit when completed!

So further check, it only issue 270,000 SNKCoin at $10 per token! So the hard cap is only $2.7M, which is relatively small! So a very interesting construction company using blockchain technology, I thought.

Then I started to join their Telegram channels, Wechat channels, and Slack.

I was accepted in Telegram Channels, but the Telegram channels you can’t post message, only announcement from the dev. So you can’t publicly discuss with other would be investors. And the Telegram channels is dead, with no news at all for weeks.

Then I thought Wechat I can post questions and discuss. I posted few times, no one reply at all, DEAD too! How about Slack? I asked the admin many times I wanted to join the Slack channel, but the admin just ignore my questions.

So my advise is to all potential investors, take due diligence especially you want to invest this ICO. I am not saying this ICO is scam as I have no proof, but what I am saying is stay higher alert for this ICO.

If they can show me the documents that the company really owns 194 hectares of land, then perhaps I will consider.