Is Leocoin a scam?
I am keep getting request about this new MLM Coin called LeoCoin.
So is it a scam?
I belive it is, so why?
Well LeoCoin is developed by Dan Andersson, one of the leaders of Unicao, SiteTalk.
Second, of all it was based of LiteCoin but is now based of ShadowCash that unfortunately is not updating its code.
"The ShadowCash team have stopped working on the Shadow Project.
They are now working on a new and improved project called Particl. Read the official announcement and follow Particl blog for more info." Source: https://shadowproject.io/en
That problem what that is that they do not work together, so that mean they had to make a "hardfork".
They claim that they have a revolutionary wallet, that is not true. Just check the Shadow Cash wallet, adn they check the LeoCoin wallet 3.
The worst of all is that after they change from Litecoin to Shadowcash they forced the users to "Upgrade" using their upgrade site. They did as far as I can see not "upgrade" number of coins there is, but this whole thing is a large red flag!
I will make a real article about this in the soon future, but with all the fuze going one about them, and the likeness with OneCoin I just wanted to give a huge update.
Just check the git repo for Leocoin at https://github.com/Leocoin-project/LEOcoin and see what you guys think.
Perfectly!
Very good blog. I was about to start a similair discussion. I'm worried about the amount of scams out there. But on the contrary there's quite some jewel cryptos as well. Besides coinmarketcap.com there is: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research. Check for example: https://www.coincheckup.com/coins/LEOCOIN#analysis For the LEOCOIN Research report.