For a long period, I held Vechain. I have to admit that I received some good gains in % on Vechain.
The main reason why I invested in this altcoin was a result of their great marketing techniques and a strong community.
Over time I became more experienced in investing into cryptocurrency and instead of listening to what others had to say, I start looking at whitepapers, the quality of development teams, leadership, advisors etc.
Ones I reviewed my portfolio I recognized that some of my coins and especially Vechain did not follow the criteria of (controlled) speculation and does have some critical red flags. These red flags I want to share with you.
Vechain does not have a whitepaper There is no knowledge about their developers There is no Github activity. Their website is a that of a very low quality. They mention on their website the release of a so-called Clou(n)d platform in Q4 2017. I started a Reddit post to ask what a clouNd platform is. Nobody could answer me. I tried to ask the Vechain devs in discord, nobody was able to contact me since they were working on their main net. The coca cola kid is clearly a sign of insiders trading. Low-quality partnerships brought as HUGE partnerships. For example the DNL GV partnership, there is clearly a partnership, but DNL GV gave an official press release that DNL GV cooperated with Deloitte labs to create blockchain, so I would like to know how exclusive this is. The PWC partnership is a partnership as a third-party provider, the partnership with Liaoning Academy of Agricultural Sciences is brought as something big, while Liaoning Academy of Agricultural Sciences only published one article in the whole of 2016-2017. In short: Any partnership has some way or another some flaws. Some advisors of Vechain have still Lorem ipsum on their website. This strongly correlates with 6 red flags of an ICO scam
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