UroCoin could be a Big Scam - Keep Away
Want a coin that's also a fertilizer? Uro is a coin claimed to be pegged to urea production, and urea is a fertilizer used for over half the world's food production. Please be sure to read: The Dirty Bits after the interview as this may be a major scam coin. Be sure to do your homework. I interviewed Uro's Currency Development Officer, Bohan Huang, about the benefits of Uro. Exclusive Interview with Uro's CDO. Market Cap: $2 Million USD on 17 July 2014 according to coinmarketcap.com. Maximum coins issued: 1 Million in the first 6 months, then 100,000 per year thereafter. Hash algorithm:....
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Even as the calendar turns to August, there has been no shortage of exciting times in the altcoin world. While the news hasn't been all good - several high-profile alt scams have rocked the community in recent weeks - there's no denying that the community is still filled with enthusiasm. To get just a taste of what's been happening - and what's to come - keep on reading! Developer Bohan Huang on the future of uro. The urocoin project has attracted a fair amount of controversy, both regarding its developer and the alt's long-term viability. Urocoin is a coin backed by the market value of....
Two years after the founders of UroCoin stated one of their coins would equal the price of one metric tonne of urea, the entire operation seems to have disappeared. UroCoin: Predictable Dysfunction. UroCoin, which supposedly sought to introduce get-rich-quick crypto to the urea market and help disadvantaged farmers in the process, no longer even has a....
UROcoin does not need an introduction by any means, but for those who have not heard of it. URO is a coin running on the X11 algorithm with a 1m total within the first three months. Whats interesting however, is the fact that they want to back urea at 1 uro to 1 metric tonne of urea which is a difficult task indeed. Here is an interview regarding the steps they have taken to reach this goal: A: the Urea industry is facing increasing inefficiencies with the trading process, particularly in the time and effort required to organize all the financial instruments traditionally used. We saw a....
A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a notice to be placed in major newspapers, seeking victims of this scam to come forward. Class-Action Lawsuit to Stop a Crypto Scam in India A representative lawsuit has reportedly been filed in order to stop a cryptocurrency scam from continuing to dupe Indian investors. The Delhi court last week directed a notice to be published in....
Recently, a Dogecoin developer flagged a new scam attempt, alerting the community to the rise of suspicious token promotions. Despite the decentralized nature of the crypto space, there has been growing scam activity, especially involving speculative assets like Dogecoin (DOGE). Dogecoin Developer Cautions Against New Scam A pseudonymous Dogecoin developer known as ‘inevitable360’ has taken […]