Liocoin another scam coin?

Hey guys,

wanna know what you think about liocoin? I don’t get it what makes this coin unique? Someone heard something about it already? https://www.lio-coin.eu/

It looks very much like fraud in my opinion.

I wouldn’t touch it with a bargepole. Who knows if it’s a scam but there are plenty of warning signs. No named personnel, big promises with zero evidence, no link to the audit by “a renowned London law firm”, and the website is the usual jargon and waffle with loads of typos, although I do like this mixed metaphor:

Rather, it is like in a well-oiled orchestra :joy:

4 Likes

Thanks for your opinion @JPL! Thought so too, but wanted to hear it from others.

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hello nasty pasty how ever your opinion on liocoin is wrong , if you fell in scam kindly post it with proof we will track this issue and resolve it, unless please don’t spread wrong news. this is our official website https://lio-coin.org and also https://www.lio-coin.eu/

LIOcoin was audited in 2017 by a renowned London law firm and was awarded the ABC - Asset Backed Coin seal of approval - for the first time. This was granted for a period of 12 months. After its expiration, criteria to be fulfilled will be subject to a thorough re-examination.

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Limitation of liability for internal content

The content of our website has been compiled with meticulous care and to the best of our knowledge. However, we cannot assume any liability for the up-to-dateness, completeness or accuracy of any of the pages.

Pursuant to section 7, para. 1 of the TMG (Telemediengesetz – Tele Media Act by German law), we as service providers are liable for our own content on these pages in accordance with general laws. However, pursuant to sections 8 to 10 of the TMG, we as service providers are not under obligation to monitor external information provided or stored on our website. Once we have become aware of a specific infringement of the law, we will immediately remove the content in question. Any liability concerning this matter can only be assumed from the point in time at which the infringement becomes known to us.

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Our website contains links to the websites of third parties („external links“). As the content of these websites is not under our control, we cannot assume any liability for such external content. In all cases, the provider of information of the linked websites is liable for the content and accuracy of the information provided. At the point in time when the links were placed, no infringements of the law were recognisable to us. As soon as an infringement of the law becomes known to us, we will immediately remove the link in question.

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The content and works published on this website are governed by the copyright laws of Germany. Any duplication, processing, distribution or any form of utilisation beyond the scope of copyright law shall require the prior written consent of the author or authors in question.

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A visit to our website can result in the storage on our server of information about the access (date, time, page accessed). This does not represent any analysis of personal data (e.g., name, address or e-mail address). If personal data are collected, this only occurs – to the extent possible – with the prior consent of the user of the website. Any forwarding of the data to third parties without the express consent of the user shall not take place.

We would like to expressly point out that the transmission of data via the Internet (e.g., by e-mail) can offer security vulnerabilities. It is therefore impossible to safeguard the data completely against access by third parties. We cannot assume any liability for damages arising as a result of such security vulnerabilities.

The use by third parties of all published contact details for the purpose of advertising is expressly excluded. We reserve the right to take legal steps in the case of the unsolicited sending of advertising information; e.g., by means of spam mail.

Imprint:

United Kingdom:

Global Cybersecurity Summits Limited,
2 Ryefield Court, Joel Street
Northwood, HA6 1LP, UK,
+442392160539

Germany:

Global Cybersecurity Ltd &Co KG
Hauptstrasse 134,
51143 Koeln

Resonsibile for web content:

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LIOcoin is now listed on BTC-Alpha’s USD(active) and Bitcoin Markets(verysoon)!

We’re excited to announce that LIOcoin has been listed on 2 of BTC-Alpha’s base markets! BTC-Alpha is a hyper fast growing cryptocurrency exchange and LIOcoin has been paired with USD. and many in upcoming days

we identified it’s extremely important to have multiple pairings on one exchange for users. We love the support from both Ethereum and Bitcoin investors on BTC-Alpha and our team is working around the clock on the upcoming LIOcoinwallet release!

BTC-Alpha has a talented team and we’re excited to continue to grow with them and their community.

NOW YOU CAN TRADE AS THE MARKET OF LIOCOIN GROWS…!

EARLY ADOPTERS OF LIOCOIN HAVE THE PROFITABLE UPCOMING DAY!!!

TRADING PAIR ENABLED IN https://btc-alpha.com

LIO/USD

Thanks for the enormous support by the decentralised community members and participants of liocoin in presale and postsale.

Thakyou.

Regards,
Liocoin team.

Publishing on a cheap, low-volume exchange like this, was the worse choice ever! Who paid this scam-coin more than 3 euros in ICO, has now less than half of his investment. A google search brings to your website, to a couple of basic videos on youtube and to this thread. Nobody is talking about LIO and you are not promoting your coin anywhere.
Delay on white paper is serious. We still have no app and we can’t trade LIO for BTC on your platform.

So, to sum-up, here it is why I’m not believing in the project anymore:

  1. Zero support: Telegram chat read-only, Facebook page moderated and nobody is allowed to post a comment. Emails rejected by the server. Slack chat sent me a response after 2 months … 2 MONTHS!!! Twitter not responding.

  2. Mining impossible at the moment for a common user, no software for anybody. Just the possibility to buy your PC with the software already set … at a crazy price! And this is CENTRALIZATION in my world, not decentralization. If a blockchain is owned by a single entity, it’s a blockchain, ok, but not a decentralized one. I’m sure you agree.

  3. Serious, super-serious late on the RoadMap. I remember you that everything was to be ready in May 2018 … and at the moment we have no app yet and we can’t trade LIO on LIO platform. We are in November …

  4. Don’t forget the NewsLetter in german … my god, I know you guys are german, but you are introducing and representing “the future” of the crypto-world … how much it costs to you to write an english newsletter?

  5. I know how expensive is to list a coin on Binance or Bitmex or Bitfinex, but BTC-Alpha is surely not a good choice to begin. And you said you spent undreds of thousands of EUROS to make a blockchain. Now, I personally made a blockchain software with a friend, just for fun, at ZERO cost and even calculating the price of hours we spent on that, it’s not undreds of thousands of euros. We are sending eachother coins every time we want, it’s funny and it works, ahah.
    If you spent that thousands to list on Binance, it was much much better.
    On BTC-Alpha we are going to see a serious dump and we will loose a lot of money.

  6. LIO-Coin said in various newsletters that you are investing in startups, buying values, currencies, gemstones and I don’t know what else … well, can we have a prove of this? What startups? How many gemstones? Which banks? What are you doing with our money? Transparence is missing in the all project. Please admit it. And transparence is a basic MUST in a crypto-project. The good Mr.Ponzi was not transparent … and he is now very famous :slight_smile:

  7. I follow few, not one, few good project around the world, the ones that are making real money. Look EOS, look Verge, the same BTC is still a good investment, even with its pump-and-dumps. Look at LINDA and its generous POS, look how NAV-coin is the best candidate to be the next world accepted currency (and its blockchain, by the way, was made with zero costs). ICX … Projects with huge communities online, people who interact with people, admin support, huge chats with millions of users online.
    And please notice that we are talking about projects born in one night and with a lot of social marketing. To be fast, in this world, is a must! A bit of late on the roadmap is a disaster and you can’t say in a german newsletter “we are working very hard” … prove it! Tell me what you are doing, I’m the guy who trusted you giving you my money, I deserve to know what’s going on and why we are in late.

Nothing personal, believe me, I’m sure you are in good faith and you really want to make something good and great. But what I’m seeing is an old-style heavy and slow company (from the stocks era), trying to compete with new-style fast ones (tokens, blockchain and exchanges era).
I’m sure we can do better together, but at the moment I’m just hoping to recover my capital as soon is possible (and IF possible on that terrible low-volume exchange). Maybe I can come back later, if your management system will change, buying back LIO, but at the moment, I just think it represent an uncertain future, and my capital doesn’t work on promises, it works on certainties.

I wish you all the best

Okay, I respect everyone’s opinion.But has anyone tried to purchase a single coin ??
I have 28 liocoins and it’s totally fine, I have absolute control over my investment. The only problem with LioCoin is that it’s in the beggining stages. But that doesn’t make it a scam, get more information before u come into a conclusion.

yes absolutely we are running out of time , and we are in the testing phase of lio wallet app that is going to be soon available in iOS market and android market, we are experiencing high volume of sign ups , we cant handle the support enquiries , well about the mining its completely pos and pow … we dont want to be get people suffering from huge loss in buying mining machines and non profitability declartion.

as per the raod map we are in progression of doing works , hence it may delay in some situations …

Thanks, you confirmed everything I said: empty words, promises and no facts.
Last news, ready to make people laugh, is that excited email where you communicated that LIO is finally on a very strong exchange, euro-btc.org … which is not born yet … ahahahahah!
“We are in progression of doing works” is the key sentence to describe what I meant with my long and detailed post: we need details! WHAT ARE YOU DOING!?!?!?

Ich habe die Sache auch längere Zeit verfolgt. Ich stelle mir die Frage, warum es dort nicht voran geht und außer Gecko und alpha-BTC gibt es immer noch keine andere Blockchain die den Liocoin verwalten könnte. Bei Euro-BTC frage ich mich nach der Ernsthaftigkeit des Systems? Seit Wochen schreiben die von 32243 vorregistrierten Benutzern. Diese Zahl ändert sich gar nicht? Wird Euro-BTC überhaupt jemals aktiviert werden. Seit mittlerweile über einem Jahr “arbeiten die daran”. Eigenartig ist auch, dass Euro-BTC in England gemeldet ist, und gerade England den BREXIT möchte. Macht das Sinn?

Edit translation:

I also followed the case for a long time. I wonder why this is not going on there and besides Gecko and alpha-BTC, there is still no other blockchain that could manage the Liocoin. At Euro-BTC, I ask myself about the seriousness of the system? For weeks, 32243 users have pre-registered users. This number does not change? Will Euro-BTC ever be activated. For more than a year, they have been working on it. It is also peculiar that Euro-BTC is registered in England, and England just wants the BREXIT. Does it make sense?

And now, the end: delisted from BTC-Alpha and every LIO in our wallet on their website. Ready for EuroBTC … still closed and maybe never online.
I’m just hoping to have the opportunity, soon or late, to have back my money selling this shit. But it’s not now, and maybe it will never be possible.
Title for this topic was “another scam coin?” … well, I think we know the answer now, dear friends.

I do not think so. The thing is that a lot of companies provide main aspects of the crypto trading and they are not so obvious, as the ordinary trading. This is the same situation.