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I tend to believe that it was a scam because they refused to disclose the contract beforehand and there were some people claiming that it's a scam few months before [1].

[1] https://bitcointalk.org/index.php?topic=1905500.0



I say this without an ounce of hyperbole: I assume all ICOs are a scam until convinced otherwise.

The majority aren't outright scams (willful intent to defraud), but most are capital grabs with virtually no chance of being successful businesses.




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