The cryptocurrency market is going through its dawn, so every day there are more and more ICO projects and startups that want to earn money to promote their product. Often, such projects may not carry any real idea, but only SCAM with the aim of quick earning money. And some startups just disappear from sight, as it happened with Confido.
Confido has developed peer-to-peer transactions with enhanced security and delivery tracking functionality, based on smart contract technology. After holding a token, where the Confido startup company collected 375 thousand dollars, all the resources, pages, websites and blogs of the Medium disappeared from the Web. Reddit published a post in which the representative of the company tries to comment on this situation: "Removing all of our sites in social media and the site was a surprise for me. I spent all my time chatting on Telegram and Reddit with different users because I wanted to help people and really believed that the project was still going on. "A few days before that, it was stated that the startup was actively working on improving its product.
Earlier, Justin van Doom published, and later deleted the message in the Medium-blog, where he told that the team had to face real difficulties because of the operation of the document signed earlier. Further events and real circumstances are still unknown to the public, but it is already clear that Confido has become an example of a suspicious startup.
In order not to get caught on the hook of swindlers, the investor needs to carefully analyze and select a venture investment project. Often an inexperienced investor can not independently soberly evaluate the options and choose the most reliable. In this case, venture funds come to the rescue, for example, our Hypercube Ventures fund. Experts and experts of the fund conduct high-quality Due Diligence, choosing the most promising startups. The investor can only choose the project that interests him most, and invest that desired amount. And Hypercube Ventures takes care of security and stable growth of investments.
Earlier we told that the bitcoin market is becoming very risky for the investor.