Irish Method – Scam or Not

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Irish Method Review

Irish Method Review: Binary option robot can be compared to a public transit bus, constantly on the move, picking and dropping passengers along the way. Not only are there lots of new traders joining the trade every single day, there are some leaving for various reasons which are obviously not positive. The same applies for binary options brokers and automated trading softwares whose success or failures depends on their prevailing reputations.

In the case of the latter, there is such a huge turn over that traders are always looking for options. And there are a lot of options to choose from. Matter of fact, no one can tell for sure how many auto trading or binary options signals system exists. And of course, since there are probably thousands of these software’s, most certainly almost all the sensible business names such as Option Robot have been taken, leaving only the senseless ones available.

One good example of a name that doesn’t make any sense at all is Irish Method software, whose features we are going to discuss shortly. In all honesty, that sounds more like a name you would give a cooking idea than a viable business name. Speaking of which, a viable business such as IQ Option is one of our favorite brokers. If you want to play it safe, pick either that or Option Robot.

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    Irish Method Review

    To get on with business, Irish Method is one of the few auto traders with a European outlook, as the name would suggest. However, don’t let the name fool you as the site is not exclusive to Irish and/or European traders only, which is not surprising considering the owners’ thirst for money. Basically, anyone from countries that allow binary options is eligible for membership, as long as they meet the membership requirements, which as you guessed, are very basic. The owner is a lanky guy by the name Jason Flanagan, who appears in the pitch video in casual clothes and a forced British accent, probably to appeal to the larger UK public who are not well exposed to scams.

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    To give credit where it’s due, the whole thing is well presented and the sales video has some great production. One of the rare times that a software site didn’t try to bait us with unrealistic promises and some other flowery stuff. But then, looking at it in a different way, it isn’t a surprise that Jason Flanagan knows exactly what to say to sound real. This is not his first time presenting an auto trader. Looking through our files, we find his face (he didn’t even try to disguise) on several other websites, promising the same things, just in different words.

    Jason Flan-Again?

    While looking up IrishMethod, we thought Jason Flanagan looked familiar but couldn’t remember exactly when or where we saw him. A little delving into our archives and we confirmed our suspicions. The boyish looking guy who is the face of Irish Method has a long history of defrauding people with his below standard softwares. The guy was the ‘creator’ of Brit Method, Canuck Method, the Kaffa Method and later on miraculously became an Australian and released Aussie Method. Two things: First, and most important, all those bots were discovered to be frauds and were closed down afterwards but not before ripping off a sizeable number of people. Two, all of them have funny names, corny even, and seem to have the same second names. This is probably because after every site is closed after being exposed as a scam machine, Jason and his friends find another ‘method’ of swindling people. And like a virus, they never seem to give up, always coming back stronger and with slightly more convincing lies. Their next project will probably be called German Method. Or not.

    How Does The Software Work?

    We’d like to start this off with a disclaimer that we are only reporting ‘facts’ as told by Mr Flanagan and which, due to a number of reasons, we couldn’t confirm. Now, apparently, Irish Method is a 95% efficient trading robot that is able to keep you winning all the time. Well, 95% of the time, but Jason Flanagan said ‘all the time’. Sigh. Also, did we mention that Mr Flanagan proudly states that he neither finished college nor is he a mathematician and that his special development talents are self taught? Not surprising. But to be fair, out of all the things he says in the video, that one sounds more realistic. You got to admit Dropout Method sounds better than Irish Method!

    Irish Method Main Page Video

    Like with any other bot out there, you don’t need to have any trading experience to hop on the bus. All you need to have is an email address , and some money. It’s all about the money, remember that. Oh, you don’t know a good broker? Don’t sweat it, brother Jason will sort you out with one. Anything else you need – knowledge on market behavior and trends? The good Mr Jason will take care of that, if you forget for a minute that he is a self proclaimed college dropout. What we are trying to say here is that all that talk of ‘no experience’ required is trash. Please, if you’re gonna try something out, at least make an effort to dig as much information about it as possible. Otherwise you might as well donate your $250 to charity.

    Talking about how the system works, Jason Flanagan is very vague on that, leaving us to guess for ourselves, and newbie traders to fall into the trap. There is no mention of the type of algorithms the software uses, if any, and how signals are generated. There was no mention of the trading method(s) the system uses either. Probably because a bunch of promises by some dropout in casual wear who proclaims to have no mathematical knowledge is more believable than all that technical stuff. What a time to be a binary options trader.

    Distinct Features

    Apart from the name, Irish Method has some distinct features that separate it from the others. Well, according to Jason Flanagan so you know who to throw stones at. These include:

    • 24/7 customer service – Apparently, Irish Method, which couldn’t afford to pay standard content writers for the website, can afford to provide 24/7 customer care services. No problem with that, of course, as customer care is one of the main pillars of any business. The (small) problem here is that traders who have used the bot, including our team, say otherwise. Majority are of the opinion that the customer service is trash, and more so when withdrawals are concerned. So nope – we don’t agree with you on this, Mr Flanagan.
    • No download – This is a great thing for them since no one would waste their time, and storage space downloading any binary options software while there are thousands out there that don’t require downloads.
    • 100% auto trading mode – The CEO says that his software only offers 100% auto trading. If you are the type that prefers a semi-auto trading mode, you might want to try elsewhere as Irish Method doesn’t offer that. For those who love letting the software do all the work, this one is for you. But don’t celebrate yet as we’re not done.

    How Much Does The Software Cost?

    Irish Method is a free, open for all software which doesn’t require any download – probably for convenience purposes. Of course you have to deposit some money with your broker, who will be selected for you (what’s freedom of choice?) and who is certainly not regulated. And we are not making this up. So basically, all you need is some $250 for your initial deposit and you’re set to go. But, that will only guarantee you basic returns, which Mr Flanagan, from his extensive experience, is too smart to quote. Thus, you are encouraged to deposit more if you want more profit. And who wouldn’t want that anyway.

    Irish Method Video

    However, the cumulative overall cost of signing up, and putting up with the Irish Method software is quite high. According to our own research, coupled with feedback from people we know who have tried out the system, you stand to lose more than you gain in the long time. For instance, we found that for most people, first several trades are perfect and bring in some good returns. Thereafter, the Irish Method starts misbehaving and you get a string of loses that wipes out your account so that you keep making deposits. And for those lucky enough to stop trading while still having some positive balance, the withdrawal process screws them up and the so called 24/7 support is not much helpful in such circumstances. Woe unto you if you had accepted the bonuses offered by your broker, in which case the site will take you round in circles till you get dizzy and doz of (read forfeit your money). So basically, it is very difficult to leave Irish Method with your money intact, as a lot of people will testify.

    Is Irish Method Trustworthy?

    At this point, we cannot really say whether the Irish Method system is trustworthy or not since we only have basic knowledge of its operations. However, we can confidently say that the system has no credibility – at least among market authorities – and has quite a bad reputation. And of course, knowing that the alleged creator is a fraud who was behind other scams in the past is not reassuring either. But we’ll tell you what we think anyway which is, we don’t trust Irish Method or its founders and here’s why:

    • Lack of regulation – Irish Method system, despite using the Ireland name, is not registered in Ireland, and neither is it a registered company with physical offices. It is just a website. Furthermore, we didn’t find any regulated broker on their platform, which raises serious questions on the credibility and trustworthiness of the site. Unregulated sites, and brokers, are generally a gamble since it may be difficult to lodge complaints in case of foul play. We therefore advise you to look for at least a site that is affiliated with regulated brokers. Those are always the safer bet.
    • Once a thief, always a thief – Like we said, we have come across Jason Flanagan before and have come to know him as a crook. As such, we cannot trust such a man and wouldn’t advise anyone to. Because, as they say, old habits die hard. If Jason stole from traders using four sites, what is the guarantee that he won’t do it again, or is not doing it, or hasn’t done it already, with Irish Method?
    • Bad rep – If you have some minutes to spare and skim the internet, you will see that Irish Method software doesn’t exactly have a good reputation and neither is it popular. This means that, if most people don’t like/trust it, why should you?

    Mailbox spamming – Everybody values their privacy and in the internet age, violation of privacy is almost like a capital offence. You can imagine how irritating it was when, after providing our email when signing up on the website, we received a bunch of emails promoting the Irish Method software. Every single day there was an email sent and at times there were two or three, all saying about the same things. Mailbox spamming is a total turn off, and Jason Flanagan should know that.

    Conclusion

    As we’ve established, Irish Method is a scam and will only make you losses and not wins. You need to stay away as possible, and also tell your friends and family to do the same. That said, there are still some awesome auto traders left in the world, one of them being Option Robot. This bot is one of the most credible trading bots there is – something that traders, critics and reporters tend to agree unanimously. And unlike Irish Method, Option Robot has actually been proven to work, and not only work, but produce favorable results. So stop doing binary options the Irish way and start with Option Robot!

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    Scum or not scam? We check ICO on five methods

    The Internet is teeming with SEO articles with a bunch of tips on how to evaluate ICO projects. Some detailed, author’s, and others – ordinary water. The founders of the telegram channel “10 $ Buffett” as participants in our blocking conference in Moscow shared with us their criteria on which they evaluate ICO projects. I decided to check whether it is possible to calculate the scam by these criteria in advance. I will check on the two completed tokenails: one became a well-known benches, and the second has not yet shown any signs of that.

    But one approach is boring and a little, so I took four more from the Internet and tried to understand which approach is best for defining a bench.

    Under the heap of tables.

    articles news portal on crypto-currencies bits.media. The portal, in turn, borrowed them from Nick Tomeino, founder of 1confirmation – venture crypto fund for companies in the early stages. In the material, only six points and a lot of reasoning. But they can be singled out in separate questions, following the example of what Alik Arslanov and Artem Popov are asking themselves.

    1. Do you really need blocking and tokens to the project?

    2. Is the information on the project open?

    3. Is there a beta version of the blockbuster?

    4. Is it possible to exchange tokens for project resources?

    5. Are there any hardcap fees?

    6. Does the founder own 10-50% of tokens, and is there a ban on selling them for three years?

    Approach # 3: Criteria from Evgeny Lavrinenko

    Next ten points from the founder and CEO of the game platform PlayBets Eugene Lavrinenko. They are described in article portal anycoin.news. The material also contains a lot of reasoning and quite general advice like “evaluate the scope of activities.” I tried to specify the questions in each of the paragraphs.

    1. Do you need a blocking project?

    2. Does the project solve a real problem? Is there a roadmap, whitepaper, presentation and links to social networks?

    3. Is the project created by beginners or a team with experience?

    4. Is there an MVP?

    5. Are there similar solutions on the market?

    6. Do you really need blocking and tokens to the project?

    7. How are tokens distributed? Is the issue of tokens limited? Are extra tokens burned after ICO? How does the company plan to enter the stock exchange? What is the growth of the token?

    8. How detailed are the goals and stages of development in the roadmap?

    9. How active is the project in social networks and profile forums?

    10. What are softcap and hardcap? What will the money spend? Is there an Escrow? Are smart contracts on GitHub? Are there discounts at different stages of the ICO?

    Approach # 4: Evaluation of the token from vc.ru

    The site vc.ru also has article , dedicated to the evaluation of ICO-projects. At the very beginning, the authors write that the material is nothing more than a translation of the article from the ICOGO.biz forum. To reach the original article failed, so the author is unknown. But let’s see what the portal for businessmen vc.ru writes.

    1. Is the project a startup or a company with experience that goes over to the blockbuster?

    2. Is there an MVP?

    3. What is the experience and reputation of the team?

    4. Is the issue of tokens limited? Are the tokens distributed in parts or at once? What is the role of the token in the project? What part of the tokens are the authors left to themselves?

    5. Are there mistakes and mutually exclusive positions in the whitepaper? Is there competition in the market?

    6. How active is the project in social networks and profile forums?

    Approach # 5: Criteria from ICO TIME

    The corrupting news portal ICO TIME also presented article about the ICO. There is a lot of water about the difference between the ICO and the IPO, the legal status of the token, and the criteria themselves are indicated by a short list at the very end of the article. I will consider them.

    1. Is there an MVP?

    2. Is there a whitepaper and are rules and agreements open?

    3. Is the company registered as a legal entity?

    4. What is the reputation of the authors of the project?

    5. Is there an Escrow? In other words, are the authors ready to guarantee the fulfillment of obligations?

    6. Is the project created by beginners or a team with experience?

    Evaluation of projects according to the criteria

    I’ll try to evaluate a couple of ICO-projects on the above criteria. The choice fell on two projects: one – who managed to become a scum, the other so far proves that everything is in order. Specially chose those in which the site remained, and whitepaper (in cases with scam projects it was more difficult). First, take up the ICO project, which is not a scam – Faceter.

    All conclusions will be displayed at the very end – after the tables.

    Faceter

    The authors of the project Faceter intend to create a decentralized network of “foggy” calculations in order to recognize faces (and certain objects) using video surveillance systems. A kind of “Big Brother” on a global scale. The media wrote that as a result of Pre-sale, $ 10 million was collected in 10 seconds. Total project collected $ 28.6 million

    I’ll check the project for each of our approaches.

    Does the product solve the real problem?

    Is there a global or local problem?

    Is it really necessary to have a blockade and ICO?

    No. Face recognition systems live without blockage.

    What is the token in the project and what is it for?

    Payment instrument for the purchase of video surveillance services on the platform Faceter.

    What will ensure the turnover of the token?

    Demand for video surveillance services.

    Are the terms of the tokenail tightened?

    No. Standard 10 days for presale and a month and a half for token.

    Hard Cap and Soft Cap – delta.

    Soft Cap = $ 5 million, Hard Cap = $ 40 million

    How many Hard Cap? If a lot, then how will they do it?

    $ 40 million is planned to be spent on video cameras, integration with smart home systems and enlarged reality glasses, car recognition.

    Does the project make start-ups or entrepreneurs with experience?

    Team members are mostly experienced.

    How many percent of the tokens they sell, how much does the team take back, what parts does it receive?

    40.8% on free sale, 30.8% – operating reserve, 15% – to the team (prohibition of sale for 2 years), 6.9% – bonuses, 6% – advisers’ compensation, 0.5% – bounty.

    Is there an MVP and is demand tested? Or the idea of ​​a series of “bonnie for raccoons on the block”?

    Demand is checked. MVP could not be verified – there is only a demo video.

    What is the action plan after the ICO? Who and how will post-marketing and the formation of the bidding market?

    The fully functioning version of Faceter will not appear until the end of 2020. Before that, development is planned. Who will be engaged in post-marketing – it was not possible to find out.

    What is the budget for this, and is there any understanding of how this is done?

    Could not find out.

    HYIP level around the project. The size and activity of the community.

    Hyp at the level: $ 10 million on the pre-collected in 10 seconds. The size of the community on Facebook is 3?000 subscribers. Activity could not be determined.

    What will they do with those tokens that they will not sell?

    How do marketing campaigns to collect the ICO itself, as far as the geographically diverse audience?

    Visit international blocking events, develop accounts in social networks and forums. Geography of the audience could not be clarified (theoretically – the whole world).

    Is there a KYC procedure? How is it organized?

    Could not find out.

    Minimum and maximum entry threshold.

    The minimum purchase is ?000 FACE tokens for . ETH. The maximum is unknown.

    Is there already support from people and companies from the sphere in which the project is being made?

    Could not find out.

    Who is responsible for legal and financial security?

    Director General and Director for Business Development. How to find out was not possible.

    Do we actually need blocking and tokens to the project?

    No. Face recognition systems live without blockage.

    Is the information about the project open?

    Is there a beta version of the blockbuster?

    Can I exchange tokens for project resources?

    Are there any hardcap fees?

    Does the founder own 10-50% of tokens, and is there a ban on selling them for three years?

    Own 15% of tokens with a ban on sales for two years.

    Do you need a blocking project?

    No. Face recognition systems live without blockage.

    Does the project solve the real problem? Is there a roadmap, whitepaper, presentation and links to social networks?

    Solves the real problem. Roadmap, whitepaper, presentation (onepager) and links to social networks – is.

    Is the project created by beginners or a team with experience?

    Team members are mostly experienced.

    Is there an MVP?

    MVP could not be verified – there is only a demo video.

    Are there similar solutions on the market?

    Do we actually need blocking and tokens to the project?

    Blocking – no. Tokens are only for project financing.

    How are tokens distributed? Is the issue of tokens limited? Are extra tokens burned after ICO? How does the company plan to enter the stock exchange? What is the growth of the token?

    40.8% on free sale, 30.8% – operating reserve, 15% – to the team, 6.9% – bonuses, 6% – advisers’ compensation, 0.5% – bounty. Emission is limited. After the ICO, the extra tokens are burned. Plans to enter the stock exchange are unknown. The growth of the token is ensured by the speculative nature of the coin and the demand for it.

    How detailed are the goals and stages of development in the roadmap?

    Not so much in great detail: at least there are no time frames.

    How active is the project in social networks and profile forums?

    What softcap and hardcap? What will the money spend? Is there an Escrow? Are smart contracts on GitHub? Are there discounts at different stages of the ICO?

    Soft Cap = $ 5 million, Hard Cap = $ 40 million. Money will go to product development. Escrow is missing. The source code is laid out on the GitHub. Discounts at different stages of the ICO are.

    Is the project a start-up or a company with experience that goes over to the blockbuster?

    The company was founded in 201? so it’s more like a company with experience.

    Is there an MVP?

    MVP could not be verified – there is only a demo video.

    What is the experience and reputation of the team?

    Negative feedback on the reputation of individual members of the team could not be found. The team is mostly experienced specialists (with experience in their field of nine years).

    Is the issue of tokens limited? Are the tokens distributed in parts or at once? What is the role of the token in the project? What part of the tokens are the authors left to themselves?

    Restricted. Distribution occurs in parts within a week after the close of the ICO. The role of the token is a payment instrument for the purchase of video surveillance services on the Faceter platform. The authors keep 15% of all issued tokens.

    Are there mistakes and mutually exclusive positions in the whitepaper? Is there competition in the market?

    Competition in the market is present. Mutually exclusive positions in the whitepaper could not be found.

    How active is the project in social networks and profile forums?

    It shows high activity.

    Is there an MVP?

    MVP could not be verified – there is only a demo video.

    Is there a whitepaper and are the rules and agreements open?

    Whitepaper in stock. Rules and agreements are open.

    Is the company registered as a legal entity?

    The company is registered in the Seychelles as a limited liability company.

    What is the reputation of the authors of the project?

    Is there an Escrow? In other words, are the authors ready to guarantee the fulfillment of obligations?

    Escrow is missing.

    Is the project created by beginners or a team with experience?

    The team is mostly experienced specialists.

    PinCoin

    Now the other ICO is PinCoin . History shows that this Vietnamese project turned out to be a scum. In April 201? the Vietnamese company Modern Tech, responsible for the launch of two ICOs: PinCoin and Ifan, quietly collected a $ 660 million collected on the token-sensitive ones. It was not possible to find out exactly how much PinCoin was collected. But it is known that the company began to pay commissions to its investors in its own tokens, which can not be cashed anywhere.

    PinCoin promised to become a blockbuster platform for the advertising network, auction, investment portal, payment system and P2P-marketplace. I’ll try to understand the project by our criteria.

    Does the product solve the real problem?

    No. There are a lot of advertising networks, auctions, investment funds, payment systems and marketplaces.

    Is there a global or local problem?

    There are no problems at all.

    Is it really necessary to have a blockade and ICO?

    Blocking is not needed, because all components of the platform can work without it. ICO is also a dubious story.

    What is the token in the project and what is it for?

    In the whitepaper, water is spilled on the use of tokens. In fact – just a means of payment for services within the platform.

    What will ensure the turnover of the token?

    Demand for platform services.

    Are the terms of the tokenail tightened?

    No. December for pre-sale, January – for the ICO itself.

    Hard Cap and Soft Cap – delta.

    Hard Cap – $ 200 million, Soft Cap – $ 50 million

    How many Hard Cap? If a lot, then how will they do it?

    Hard Cap – $ 200 million. There are no concrete applications for the use of all $ 200 million.

    Does the project make start-ups or entrepreneurs with experience?

    Information about the team is missing.

    How many percent of the tokens they sell, how much does the team take back, what parts does it receive?

    23.5% – reserve, 15.0% – system development fund, 15% – future sales, 11% – crowdsdale, 10% – to consultants, 10% to founders, 8.5% to pre-sale, 5% to development fund community, 2% – bounty. The distribution of tokens is immediate, activation is at the end of the crowdsdale.

    Is there an MVP and is demand tested? Or the idea of ​​a series of “bonnie for raccoons on the block”?

    MVP is absent. As far as demand is tested, it was not possible to find out.

    What is the action plan after the ICO? Who and how will post-marketing and the formation of the bidding market?

    After the ICO, a mobile application PIN is planned. Who will deal with post-marketing and the formation of the bidding market – is unknown.

    What is the budget for this, and is there any understanding of how this is done?

    30% of the proceeds go to marketing, 30% – to technical development, 10% – security, 10% – overhead, 10% – to business development, 5% – administrative costs, 5% – legal compliance. About the “understanding” – is unknown.

    HYIP level around the project. The size and activity of the community.

    The level of the HYIP could not be determined. On indirect grounds (such as collecting $ 660 million together with the project Ifan), we can say that the HYIP is rather big. The Facebook community has 6?000 subscribers. Activity is average.

    What will they do with those tokens that they will not sell?

    How do marketing campaigns to collect the ICO itself, as far as the geographically diverse audience?

    It was not possible to find out.

    Is there a KYC procedure? How is it organized?

    It was not possible to find out.

    Minimum and maximum entry threshold.

    The minimum amount of entry is $ 10? the maximum amount is $ 20 thousand.

    Is there already support from people and companies from the sphere in which the project is being made?

    It was not possible to find out.

    Who is responsible for legal and financial security?

    It was not possible to find out.

    Do we actually need blocking and tokens to the project?

    Is the information about the project open?

    Is there a beta version of the blockbuster?

    Can I exchange tokens for project resources?

    In the future, yes.

    Are there any hardcap fees?

    There are – $ 200 million

    Does the founder own 10-50% of tokens, and is there a ban on selling them for three years?

    Belongs to 10%, there is no ban on sale.

    Do you need a blocking project?

    Does the project solve the real problem? Is there a roadmap, whitepaper, presentation and links to social networks?

    Does not solve real problems. Roadmap, whitepaper, links to social networks – are present. There is no presentation.

    Is the project created by beginners or a team with experience?

    Information about the team is missing, could not be determined.

    Is there an MVP?

    Are there similar solutions on the market?

    There is, in abundance.

    Do we actually need blocking and tokens to the project?

    Blocking – no. Tokens are only for project financing.

    How are tokens distributed? Is the issue of tokens limited? Are extra tokens burned after ICO? How does the company plan to enter the stock exchange? What is the growth of the token?

    23.5% – reserve, 15.0% – system development fund, 15% – future sales, 11% – crowdsdale, 10% – to consultants, 10% to founders, 8.5% to pre-sale, 5% to development fund community, 2% – bounty. Emission is limited. Extra tokens are not burned. Plans to enter the stock exchange are unknown. Growth is provided by the speculative nature of the token and the demand for platform services.

    How detailed are the goals and stages of development in the roadmap?

    The time steps are described in some detail.

    How active is the project in social networks and profile forums?

    Activity is above average.

    What softcap and hardcap? What will the money spend? Is there an Escrow? Are smart contracts on GitHub? Are there discounts at different stages of the ICO?

    Hard Cap – $ 200 million, Soft Cap – $ 50 million. 30% of revenue goes to marketing, 30% – to technical development, 10% – security, 10% – overhead, 10% – to business development, 5% – administrative costs, 5% – legal compliance. Escrow is missing. There are no links to GitHub. Discounts are not available.

    Is the project a start-up or a company with experience that goes over to the blockbuster?

    Is there an MVP?

    What is the experience and reputation of the team?

    Information about the team is missing, could not be determined.

    Is the issue of tokens limited? Are the tokens distributed in parts or at once? What is the role of the token in the project? What part of the tokens are the authors left to themselves?

    Emission is limited. Distribution occurs at one time. The role of the token is a means of payment for platform services. The authors keep 10% of the tokens (plus a reserve of 23.5% of the total number).

    Are there mistakes and mutually exclusive positions in the whitepaper? Is there competition in the market?

    Errors and mutually exclusive positions could not be found. Competition in the market is present.

    How active is the project in social networks and profile forums?

    Activity is above average.

    Is there an MVP?

    Is there a whitepaper and are the rules and agreements open?

    Whitepaper in stock, all the rules – it’s the same.

    Is the company registered as a legal entity?

    Yes. The Vietnamese Modern Tech is in charge of the project.

    What is the reputation of the authors of the project?

    It was not possible to find out.

    Is there an Escrow? In other words, are the authors ready to guarantee the fulfillment of obligations?

    Escrow is missing.

    Is the project created by beginners or a team with experience?

    Information about the team is missing, could not be determined.

    Tokensail PinCoin does not hold even a weak criticism for any of the approaches, except # 2. There is no MVP in the project, there is not a word about the team, but there is a high activity in social networks and a promise of 40% return on investment every month. Nevertheless, the authors managed to fool the people into impressive money.

    Faceter looks much more impressive, why the project should be treated with even greater attention. The team is experienced, the objectives and distribution of funds are described in some detail. But the high level of the HYIP and the fact that you can not properly check the MVP of the project are very embarrassing.

    Which approach is better?

    As you can see, approaches # 1 and # 3 contain the most questions, which makes the picture of ICO slightly more understandable. In the first there is no question about Escrow, but there is a question about the legal and financial security, which it somehow compensates. But approach # 1 is the only one where there is a question about the KYC procedure.

    Approaches # 4 and # 5 are a sort of “minimal set” of questions that a potential investor should ask himself. Criteria of evaluation are not so that very much, but all are quite important. We can single out approach # 5 as the only one where the investor should ask about the verification of the legal entity.

    In approach # ? there is no question of team experience and MVP. Nothing is asked about the distribution of tokens. The approach can be considered the most untenable.

    About how experts evaluate and launch the ICO, the starters themselves (and already experienced businessmen) will tell on the blocking events of the company Smile-Expo. The nearest will be held at Georgia (June 20) and France (July 18): separate panel discussions are devoted to the topic of ICO. Next will be the conference in Sweden , Ukraine , Azerbaijan , Switzerland and Belarus .

    Irish Method Review

    There are many generous people in the binary industry who wish to give software away for free and share the secrets of generating a healthy income. The question is whether Jason Flanagan; the founder of the Irish Method, is a generous person or another scam artist. Read the review of the Irish Method to find out.

    Introducing the Irish Method

    Mr. Flanagan is so confident in the success of the Irish Method that he states he will pay any member $10,000 if they are unable to make in excess of $100,000 each month. Of course, you will need to follow the guidelines provided by the Irish Method.

    The software has been designed to provide an 85% rate of return and can be left to run as fully autonomous. However, there is very little data or evidence to support the claims made by Jason. All the testimonials listed on the website appear to be false and you will quickly realize that you know nothing about the business or its founder. In addition, you will be forced to use an unlicensed broker.

    In addition, the Irish method seems to bear an uncanny similarity to many different binary automated trading modules; especially those which end in ‘method’ and have already been shown to be a scam.

    Using the Irish Method

    You will be required to register on the Irish Method website and then with an affiliated broker. You will then need to add funds to your account which are used to trade with. The software appears to be free, but in fact, the affiliated broker will pay the Irish Method a commission as soon as you deposit your funds. At this point the Irish Method has everything it needs!

    Supposedly the software will then start to locate profitable trades for you; in reality you will be unlikely to see your funds again.

    Summary– Is the Irish Method simply a scam?

    In all likelihood the Irish Method is just another scam to be avoided. It appears to be a replica of many other scam sites and is simply after your funds. It is best to leave the Irish Method to its own devices and choose a more reputable product.

    Scam or not scam?

    Oct 12, 2020

    I received a proposal fro an ongoing translation job and I am not quite sure if it is a scam or not.
    Here is what they asked me to do:

    1) Open a Payment Hub account (where I actually don’t have to put any personal detail and no need to add my bank account as with Paypal).

    2) Purchase the package on the following website with money that they send me on the Payment Hub account.

    I received a proposal fro an ongoing translation job and I am not quite sure if it is a scam or not.
    Here is what they asked me to do:

    1) Open a Payment Hub account (where I actually don’t have to put any personal detail and no need to add my bank account as with Paypal).

    2) Purchase the package on the following website with money that they send me on the Payment Hub account.

    I tried to open the account to see what happens and they actually have sent the money that I’d need in order to buy the package of email marketing tools.

    3) After I’m ready with the tools, start a training with them to learn how to use the programs and get on translating.

    When there’s money involved beforehand I always assume it is a scam, but in this case they actually gave me the funds.
    What do you guys think? &#x25B2 Collapse

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    Update Oct 13, 2020

    I also tried to send an email to the company where he should be working, which happens to be one of the biggest human resources firm in the world. I’ll see what they tell me about this guy.
    Moreover, the website with the programs to be purchased using his money accepts Western Union transfers only, which means that I have to withdraw the amount received from him on my bank account (so I’d have to give the bank details to Payments Hub).

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    Sheila Wilson
    Spain
    Local time: 11:12
    This person is a ProZ.com Certified PRO in French to English translation

    Click the red seal for more information on what it means to be a ProZ.com Certified PRO. ‘, this, event, ‘300px’)” onMouseout=”delayhidetip()”> Member (2007)
    English
    + .

    It sounds very, very suspect Oct 14, 2020

    How did you get the job? Companies like that don’t normally contact freelancers directly.

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    Stay clear Oct 15, 2020

    Your provide a service for payment. So anybody who wants you to buy something first, even if they give you the money to do so, for a vague promise of receiving work in. whenever – if ever, sounds quite dubious. My question is, why would you need an email marketing tool if they really only want you to translate?

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    Tomás Cano Binder, BA, CT
    Spain
    Local time: 12:12
    This person is a ProZ.com Certified PRO in English to Spanish translation, German to Spanish translation

    Click the red seal for more information on what it means to be a ProZ.com Certified PRO. ‘, this, event, ‘300px’)” onMouseout=”delayhidetip()”> Member (2005)
    English to Spanish
    + .

    Very suspicious! Oct 15, 2020

    Why don’t the company buy the software and simply send you a license code? To twisted minds like mine, this way of sending money out of a company to providers you do not really work with would look like embezzlement.

    Personally I would not touch it with a barge pole. This is not a normal business relationship whereby you do a job and get paid, and abnormal procedures are usually not a good sign.

    [Edited at 2020-10-15 07:33 GMT]

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    One possibility how it could work as a scam Oct 15, 2020

    I certainly agree with the doubts my predecessors raised.
    What were you actually supposed to translate? Those marketing programs? If not, why would you need them to do your translation?
    It certainly smells fishy like hell. the only thing I can think of how this would work as a scam is that it’s actually this company who is selling those “marketing tools” (whatever they are) and that once you buy them, they’ll withdraw the money they sent you through this Payment Hub thing. Now, I know nothing about this service but PayPal has this kind on buyer protection which is gift for scammers and which allows a buyer to cancel a wire, if they claim they didn’t receive the item (even if they did). The money is then repayed to them by PayPal. This is very known scam, it has some fancy name which I don’t remember now, maybe somebody here will know. Afaik, it’s popular in online casinos, where you buy some vouchers to play or subscription or whatever they call it.
    So in this way you’d end up sending your own money to them for something that would most likely be a pile of rubbish. In this case, the guy who emailed you wouldn’t probably be from the big HR company you mentioned. I’d be very interested what was the company’s answer.
    Also, is it possible to cancel a payment done by Western Union check? If not, that could be an explanation why it’s the only accepted payment. Afaik, in a bank, you can cancel a wire (if you say the receiver is a fraudster), same for PayPal.
    Just an idea, I’d be curious if somebody has a different explanation.

    [Edited at 2020-10-15 09:01 GMT] &#x25B2 Collapse

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    Here we are Oct 15, 2020

    As expected by the most of you, including myself, it wasn’t anything legit.
    The guy pretended to be working for Adecco, which I contacted and denied his presence among their ranks.
    Just for the sake of completeness, the marketing tools were needed to market the translated material. Still, I don’t understand how could they profit from this: they send me their own money in order to buy those tools. Maybe the scam happens at a further stage?
    Obviously the guy didn’t even try to answer when I sent the money back and told him that I had checked on him.

    Anyway, it was a curious new kind of scam for me, don’t know if you more experienced guys ave ever seen something like this. Here are the details used by the scammer to introduce himself:

    HalvarKarin
    AdeccoGroupAG
    Sägereistrasse10
    CH-8152 Glattbrugg
    Switzerland
    www.adecco.com &#x25B2 Collapse

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    Not the best idea. Oct 15, 2020

    Roberto Popolizio wrote:

    . when I sent the money back .

    I’m afraid this might have not been the smartest thing to do. If you can cancel the wire, I’d do this, if I were you.

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    Sheila Wilson
    Spain
    Local time: 11:12
    This person is a ProZ.com Certified PRO in French to English translation

    Click the red seal for more information on what it means to be a ProZ.com Certified PRO. ‘, this, event, ‘300px’)” onMouseout=”delayhidetip()”> Member (2007)
    English
    + .

    Definitely cancel if you can Oct 15, 2020

    I’m afraid this might have not been the smartest thing to do. If you can cancel the wire, I’d do this, if I were you.

    They sent you money, but is that money really yours, to keep? This is a scam, remember. They’re only doing it to make money. It has absolutely nothing to do with translation and everything to do with taking money from you.

    Subject:
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    Tomás Cano Binder, BA, CT
    Spain
    Local time: 12:12
    This person is a ProZ.com Certified PRO in English to Spanish translation, German to Spanish translation

    Click the red seal for more information on what it means to be a ProZ.com Certified PRO. ‘, this, event, ‘300px’)” onMouseout=”delayhidetip()”> Member (2005)
    English to Spanish
    + .

    Money laundering? Oct 16, 2020

    By what means did you send the money back? If the method of returning the money was different from the method you received the money through, you might have participated in money laundering and you could end up investigated by the police.

    PLEASE, PLEASE, people: whenever you are proposed anything that is not as simple as doing a job and getting paid by a bank wire or Paypal, simply refuse!

    Subject:
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    ok ok Oct 16, 2020

    As said, I received the money on this Payments Hub from an unrecognised sender (no contract signed, nothing) so I’m not liable of any inquiry.
    I’m now thinking if the guy is simply trying to boost the sales of these tools (like singers who buy their own albums to get on a higher position in the hits charts).
    Anyway, everything is ended with a big nothing and couldn’t be any different. Just keep in mind his name and the websites mentioned. I just wanted to check what you guys know about this kind of scam that I’d never seen before and help the others know about another time waster on the net.

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    Be careful Oct 16, 2020

    Roberto Popolizio wrote:

    Obviously the guy didn’t even try to answer when I sent the money back and told him that I had checked on him.

    Since the money was sent to an account that you had to open first – that is, to none of your existing accounts – as soon as you established it, you hopefully returned the money via that new account. Any other means of returning it could easily be considered a criminal deed.

    You could have also ignored the money and then cancelled the new account. When you cancel an account, you will be asked what you want to do with any money in that account. The answer is simply, return to sender.

    [Edited at 2020-10-16 12:16 GMT]

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    Sheila Wilson
    Spain
    Local time: 11:12
    This person is a ProZ.com Certified PRO in French to English translation

    Click the red seal for more information on what it means to be a ProZ.com Certified PRO. ‘, this, event, ‘300px’)” onMouseout=”delayhidetip()”> Member (2007)
    English
    + .

    Very unlikely to be a time-waster Oct 16, 2020

    I don’t think that’s done this way, by sending money to a total stranger and expecting them to send money anywhere. No, that’s a classic scam, I’m afraid.

    Fortunately, you’re very unlikely to hear any more about it, so put it down to experience.

    I imagine you’ve clicked on the link above the posts to the ProZ.com scam centre? If I were you, I’d sign up to the notifications. In fact I’d advise everyone to do that.

    Subject:
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    so, in the end. Oct 16, 2020

    Sheila Wilson wrote:

    I don’t think that’s done this way, by sending money to a total stranger and expecting them to send money anywhere. No, that’s a classic scam, I’m afraid.

    Fortunately, you’re very unlikely to hear any more about it, so put it down to experience.

    I imagine you’ve clicked on the link above the posts to the ProZ.com scam centre? If I were you, I’d sign up to the notifications. In fact I’d advise everyone to do that.

    Sheila, by your experience which you guys have probably more than me, what kind of scam is this? You say it’s a classic, but it’s the first time I see it done this way. Where would it have ended?

    Subject:
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    Sheila Wilson
    Spain
    Local time: 11:12
    This person is a ProZ.com Certified PRO in French to English translation

    Click the red seal for more information on what it means to be a ProZ.com Certified PRO. ‘, this, event, ‘300px’)” onMouseout=”delayhidetip()”> Member (2007)
    English
    + .

    Money laundering or advance payment/overpayment scam are the likeliest Oct 17, 2020

    I have to say first that I’m not an expert in legal or financial matters. I’ve just been around a bit . Money laundering is one possibility, though probably not the most likely. The ‘client’ sends you ‘dirty’ money earned by illegal means. The money you send in return is issued from your perfectly legitimate business so it’s nice and clean.

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