FavorCoins (Coins4Favors) is proclaimed DOA by the team due to lack of interest.
FavorCoins (Coins4Favors) DOA [Airdropped]: About the Dead Token
Coins4Favors (C4F) was a marketplace project that aimed to monetize micro-tasks that were too small to be monetized before blockchains with cheap transactions were invented. The payments on the C4F network were meant to be facilitated via the FavorCoins on the ETH blockchain. The base of the project was an app with GPS location matching so that for instance people could hire someone to hold them a parking spot on a certain street. It was meant to be an extension to the gig economy.
FavorCoins (Coins4Favors) DOA [Airdropped] was distributed via sizeable bounty campaign in April 2018.
Token Exit Announcement
Last tweet @Coins4Favors:
🚀🚀 Pre-Sale live now - 10% bonus 🚀🚀— Coins4FavorsICO (@Coins4Favors) May 25, 2018
I believe that every human mind feels pleasure in doing good to another. #ThomasJefferson Use #Coins4Favors to do small favors for others or have them done for you. #sharingeconomy https://t.co/nl7YLI54ZH pic.twitter.com/Cb59eDYuIF
Noticing the official Twitter account did not see a new post in about a month while the ICO is ongoing and set to continue until late July 2018, we reached out to the team through the official Telegram group.
The group admin promptly responded that they have not seen many investors, at the current rate the soft cap will not be met and they will return ETH to their investors.
The Business Behind It - FavorCoins (Coins4Favors) DOA [Airdropped]
FavorCoin token on EtherScan, you see there haven’t been any movements for about a month.
The blockchain business behind Coins4Favors is meant to be a Hong Kong company C4F Ltd., claiming the address where apparently all HK companies reside: 20th floor, Central Tower, 28 Queen’s Road Central, Central Hong Kong.
Coins4Favors only racked up about 2K Twitter followers @Coins4Favors and about 1K followers on other social platforms together.
Members of the C4F team on LinkedIn:
Verdict & Archive
Below a copy of the whitepaper hosted on our server for your future reference. This does not appear to be an exit scam, rather a sound project that relied on a retail support that wasn’t there just yet. We are watching closely whether investments will indeed be returned though.
Documents archived for this token:
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