Zengold started as a successful ICO on 26 may 2017 and was sold out within 20 minutes raised over 2000 BTC. Zengold is a side project of Eric Gu owner of ViewFin and Metaverse (ETP). Regulations kicked in and they had to pay Chinese investors their ZGC ICO funds back. After this, a wave of lies followed to Westerners. Eric and the team kept on promising the project was still on-going. However, Westerners had to read from Asian news articles that Jenn Lee’s previous CEO of Zengold was fired. Now Zengold has a new team led by William Jiang. William multiple times stated in the telegram group that Zengold was not able to get a gold license and they were trying it in other countries. Zengold never got their gold license, the website is not updated since 2017, ZGC quit with communicating towards the Westerners and abandoned the Telegram group. Just once in a few months, we hear from Eric GU and the only information he gives is have another few months patience and then leaves and is not approachable anymore for another few months. The Zengold project is considered as failed and used as a fraud to steal ICO funds from Westerners to fund Metaverse (ETP). ZGC was also listed on multiple exchanges such as right BTC soon fake bot trading occurs and it appears that the Zengold team dumped all their ZGC and then bought it back for very cheap. Currently, ZGC is only being traded at Bit-Z.
Is Zengold a Scam?
Disclaimer: Zengold Cryptocurrency | Zengold ICO
Zengold is a cryptocurrency project that issued Zengold tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.
Is Zengold a Scam ICO?
Data on whether Zengold 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 Zengold or in support of Zengold. The data is only an aggregation of claims cited against Zengold.
The above claims about Zengold (ICO), Zengold’s token, or Zengold’s team are externally sourced. They may claim that:
– Zengold did an ICO and then exit scammed
– Zengold has an undedicated project development after the Zengold ICO
– Zengold token got pumped and dumped by the Zengold team
– Zengold is a dead project with a worthless Zengold token
However, external claims about Zengold project, Zengold token, Zengold team, or even Zengold advisors may not be supported by accusers of Zengold ecosystem and thus individuals seeking to learn more Zengold team or about the Zengold cryptocurrency are recommended to directly contact Zengold team members or Zengold token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim Zengold is an exit scam or that Zengold is any other type of scam, nor does CoinCurb insinuate that Zengold (or Zengold token) team are scammers or that Zengold (or Zengold token) advisors are scammers. CoinCurb allows viewers to reference sources related to Zengold development, Zengold token trading, and/or Zengold team as an uncertain reference when deciding if Zengold is a scam or Zengold is not a scam.