Being an ICO investor and holding my coins for over a year and a half I decided to do some analyzes behind the mimic. After reading some of the other users’ complains and some of their findings of NIMIQ project, I decided today to spend a couple of hours to create a comprehensive list of information that indicates that NIMIQ is doing a scam operation that sounds legit to some.1. Nimiq was not registered as a legal entity during the entire period of the Initial Token Offer (ITO). So, Nimiq Team was NOT registered during the fundraising with the Initial Coin Offering (although they were selling tokens). Moreover, during the entire ICO period, they didn’t have any KYC. Only after the ICO ended, they created a foundation and hired a company to be in charge of the process of KYC to convert the NET (Nimiq Exchange Token) to NIM the coin. They have registered the foundation in a special place in Switzerland to allow them to move the funds without publishing any information about the foundation and in which ways they were incorporated. By this time, nobody except them doesn’t know the board of the Nimiq Foundation. Information like who is in the foundation, who administrates the foundation, how many people are in the foundation, who is in charge, how much funds did they declare, who is paying who. Is the Costa Rican villa administrated by the Swiss Nimiq Foundation? All these questions were never answered by them. Everything is total shady about their foundation being registered in Switzerland. [u]I repeat again that the foundation was created a half a year after the ICO was ended and the 12.8 million dollars were collected[/u]Because the Foundation was registered after many months of the ICO period, and the KYC was started in January 2018, an ICO refunding can be done on Nimiq and SEC can commit Class actions against them individually. Basically, they ICO smart contract was developed by some individuals and the entire process was directly handled by these people: Robin Linus, Elion Chin (their investor), Philipp von Styp-Rekowsky, Pascal Berrang, Marvin Wissfeld, and Ricardo Barquero. Moreover the domain nimiq.com was a Real Estate company owned by Elion Chin and some users on telegram posted web archive proofs about this claim. They never explained how they got the[url]https://web.archive.org/web/20101001032656/http://www.nimiq.com:80/[/url]
Is Nimiq a Scam?
Disclaimer: Nimiq Cryptocurrency | Nimiq ICO
Nimiq is a cryptocurrency project that issued Nimiq tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.
Is Nimiq a Scam ICO?
Data on whether Nimiq conducted a scam ICO, a scam mining operation, or a scam masternode project is cited above from external sources and CoinCurb does not take responsibility for claims against Nimiq or in support of Nimiq. The data is only an aggregation of claims cited against Nimiq.
The above claims about Nimiq (ICO), Nimiq’s token, or Nimiq’s team are externally sourced. They may claim that:
– Nimiq did an ICO and then exit scammed
– Nimiq has an undedicated project development after the Nimiq ICO
– Nimiq token got pumped and dumped by the Nimiq team
– Nimiq is a dead project with a worthless Nimiq token
However, external claims about Nimiq project, Nimiq token, Nimiq team, or even Nimiq advisors may not be supported by accusers of Nimiq ecosystem and thus individuals seeking to learn more Nimiq team or about the Nimiq cryptocurrency are recommended to directly contact Nimiq team members or Nimiq token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim Nimiq is an exit scam or that Nimiq is any other type of scam, nor does CoinCurb insinuate that Nimiq (or Nimiq token) team are scammers or that Nimiq (or Nimiq token) advisors are scammers. CoinCurb allows viewers to reference sources related to Nimiq development, Nimiq token trading, and/or Nimiq team as an uncertain reference when deciding if Nimiq is a scam or Nimiq is not a scam.