CONFIDO TOKEN IS DEAD

UPDATE: Since my original post below, news has come out that this was a SCAM Project that had a poor exit strategy. There is no buying opportunity here. Time to move on and find another projuect.

Is CONFIDO.IO dead or could this be a buying opportunity. We will have to wait and see what the team can do at this moment.

They released a statement today regarding major legal issue.

To our community,

Thanks for always standing by us. We have achieved some incredible things these last two weeks, and the crypto space is beginning to notice us. However, we owe you an apology. Right now, we are in a tight spot, as we are having legal trouble caused by a contract we signed. We signed the contract with assurance from our legal advisor that there was minimal risk and it would not be an issue. I can't and won't go into details, but he was wrong. It is a problem.

We are trying our best to fight our way through this. As it currently stands, development has been delayed until a resolution is found. We are honestly not sure how long we will be delayed by, but we’re trying our best to get this behind us as fast as possible.

It is likely that we will be able to find a solution to rectify the situation. However, we cannot assure you with 100% certainty that we will get through this.

This announcement will shock a lot of people, and that’s understandable. I, Joost van Doorn, want to personally apologise for any financial damages this announcement will cause to people. It was never our intention to hurt investors; we didn’t see this coming.

Regards,

The Confido team.

Comments: If the legal issues are clarified and the project gets back on track this could be a real opportunity. to get in a good project. However, it is a wait and see, if the team can first solve their legal issue. Keep a close watch of their community announcement to stay ahead.

Remember to research before investing and do not invest with scared money. This is not financial advice but a coin market cap update.

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