Caution advised: “Coopet”” — a cryptokitties rip-off.

Dennis Oosting
Sep 1, 2018 · 5 min read

***Disclaimer: this might prove to be a long read. Additionally, please do note that I am just raising my personal concerns with this project.**

I just recently saw that there was a ‘new’ CryptoKitties game around, called Coopet. At first sight it seems that the game is a neat little game, but if you look closer you will find that it is just a cheap and basic knock-off of CryptoKitties. Numbers of their youtube, telegram and facebook channels seem inflated and fake. A lot of reason to dig deeper into the project.

Coopet is an Ethereum-based virtual dragon-raising game, the first in Cootech’s Game Ecosystem. According to the developers, the game allows players to own digital assets and buy, sell, exchange and breed their “pets”, a major step forward for online gaming.

I first read about the Coopet game via a LinkedIn post, from where I digged into the game and the whitepaper. The company behind Coopet is called “Cootech PTE.LTD”, based in Singapore (068914 — 160 Robinson Road #26–10 Spore Business Federation CTR), with the Entity Registration Number: 201816586H. Looking this information up we cannot find any additional information about the people behind it.

So I wrote an initial reply to the LinkedIn post:

“I am feeling wary of this really, sure it’s a good concept to benefit from, as can be seen from CryptoKitties. However, the numbers don’t add up in my opinion. Telegram channel of 27k users, Reddit with 11 subs, Twitter has 69 followers — with just some basic screenshots of what kind of dragons they have. They say they raised over 70% in a day, heavy relying on referrals (pushing that mainly in their Telegram group) and the site constantly shows that new users are joining and their Telegram moderators are only saying messages like: So excited, Go buy and play, even my mother buys COO! Since no additional information can be found about the owners / founders of Cootech and the team behind Coopet is anonymous I am curious whether the company is actually real. Their tokenomics is designed in a way to get as much people to enter early, as the price will keep rising. All of this makes me to not trust the project as of yet, at least until more information comes to light.”

I got a reply from “Anthony Abunassar” (who apparantly has zero affiliation to the team — or has he?) stating the team does not use Twitter, Facebook, Reddit, Bitcointalk, and Telegram was only made per request. I followed up to this reply with the following:

So then what about facebook, it has 5k followers — but not a lot of interaction. Bitcointalk — nothing there. Telegram has 27k subs, but also almost zero interaction. The whitepaper is poorly written, with just superficial information and no detailed explanations. What is “4.0 technology”? What is game 3.0? Why does this game need an own token, why not use something like ENJ with ERC1155 tokens? Or just ETH (and ERC721 tokens) like cryptokitties. Why is there no information on the team? Where can I find more information on “Cootech”? Why are the moderators trying to get people in with their own referral links? As of now it feels like a get-rich quick scheme profiting off the success of others.

The author of the LinkedIn post quickly deleted his promotion of the game after I raised my concerns, after which Anthony continued in DM trying to shill the game to me. Additionally I asked the author whether he got paid for promoting the game, to which his answer was yes:

Following is the contact I had with Anthony Abunassar.

As can be read from the abovestanding images I got zero answers from Anthony, who is, or perhaps is not, affiliated to the game. How can we know, right? The team is still anonymous. I shared my thoughts in the expert group of Presale.Market and heard that Anthony is most likely the so-called “Wolf of Malta”. A single individual, or group of individuals of buttcoiners and shillers to maximize their own profit. So, how do I know this guy is the Wolf of Malta? Because somebody delivered some very convincing proof (e.g. looking at the writing style of both) and entering Coopet’s Telegram channel.

Why you need to be wary of “Coopet” and co.

  1. No team and company information.
  2. No tokenomics and ICO details.
  3. Founders and friends are most likely getting the good and rare eggs, without the public knowing it.
  4. Whitepaper is poorly written, with baseless claims as “4.0 technology revolution”, “3.0 game experience” and no technical information.
  5. No GitHub repositories.
  6. Social media channel numbers are off and most likely bought.
  7. Everything is done in a manner to get as much people early in to the game as possible with continued rising prices, feeling like a ponzi scheme.
  8. Constant shilling of moderators, paid promotions (LI, reddit, news sites) and heavily reliant on the referral system.
  9. This does not need it’s own coin, but could do with ETH (ERC721 or ERC1155) or even dragons backed by ENJ.
  10. The T&C are a joke.

LEGAL DISCLAIMER: I do not provide investment or financial advice and do not endorse or recommend investment in any ICOs advertised on this site. All information provided regarding potential ICO investment opportunities is prepared solely by the issuer, and such issuer is solely responsible for the accuracy of all such statements. Please consult your professional financial or investment advisor for any such recommendations before making any investments proposed.

Dennis Oosting

Written by

Founder of Serendipity Blockchain Solutions

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