Xsearch [Scam Alert] ICO (XSE)
Blockchain based research and online advertising platform
SCAM Alert!
The biggest warning sign that this is a scam is the ICO’s supposed business owner. The person
presented as the owner, Valnea Skansi, has specifically written on her Linkedin page that she has no
current or past affiliations with Xsearch.io.
Moreover, none of the other team members have listed the
ICO listed as a place of work on their LinkedIn pages nor showed any relation to the ICO. Furthermore,
the ICO stated a different team in the past. It seems that this change took place due to an announcement
by their formerly stated co-founder, Lucas Schweiger. Mr. Schweiger posted in Xsearch’s Telegram a
message asking people not to invest in this ICO since it has been using his name and profile as a co-
founder of the company while he has no relation to them.
Another warning sign is the ICO's phone number. Even though its entire team is purportedly located in
both Croatia and Luxemburg, the ICO's number is Norwegian.
Also alarming is the ICO's "amount raised" bar, which presents 5423000 XSE tokens raised. The actual
amount they raised, the one found in their address tracker, is only 0.3 ETH, which is worth less than 400
XSE at best.
Xsearch is a blockchain based research system that transforms the idea of online advertising. Sellers and
users can interact directly without intermediaries via means of a decentralized network. By using the
XSEARCH system, consumers can exert control over their data and choose whether or not to reveal their
identity or personal data to advertisers when they make their search. Consumers are rewarded for
viewing the targeted promotions of advertisers.
Start Date
28 Jun, 2018
End Date
10 Aug, 2018
Xsearch [Scam Alert] Use of Token
XSE is Xsearch's native token. XSE is an Ethereum based ERC20 token. 24.5 million XSE tokens will be offered for sale via the ICO, which correspond to 83% of the total token supply. XSE tokens are used to reward users for viewing the ads of retailers.
Organization
XSEARCH
Platform
Ethereum
Coin type
Utility Token
Category
Advertising
Max cap
Max supply
30,000,000 XSE
Price
0.001
Xsearch [Scam Alert] Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
Xsearch [Scam Alert] Distribution
Xsearch [Scam Alert] Use of Proceeds
Xsearch [Scam Alert] Team Members
Xsearch [Scam Alert] Advisors
Xsearch [Scam Alert] Past Events
- 30 April, 2019
Xsearch idea creation.
- 31 May, 2019
Service concept formation
- 30 June, 2019
ICO team making and XSE blockchain technology development
- 31 August, 2019
Xsearch first prototype
- 31 December, 2019
Potential service users negotiation
- 31 December, 2019
Official website development for ERC-20 tokensale
- 30 June, 2019
Live ICO! Tokensale
- 30 June, 2019
Live ICO! Tokensale
- 30 September, 2019
HitBtc and Bancor trade launch
- 31 December, 2019
Main project development, iOS and Android applications development
- 30 September, 2019
Marketing, customers count growth