Before you join another failing ICO launch, you need to read our complete Ze.cash Review.
A few months ago a pre-launch for a new ICO was announced by a group of French-based cryptocurrency experts. We have been monitoring their activity for the last month and will continue to do so in the future. We decided to release our initial findings about this new ICO and the legitimacy of the Ze.cash website.
In this Ze.cash review we will detail both the good and the bad that we have found as well as explain why we won’t be joining this new ICO just yet. If you have already joined and need advice or want to share your personal experience, please send us a message or post in comments below.
Official Website: https://ze.cash/
Ze.cash is a website that offers a new cryptocurrency to start investing in as well as a projected 5% monthly return based on Proof of Stake transactions by any ZeCash holder. They also have a referral program that pays 5% on whatever your referral buys.
We have not marked Ze.cash as a scam HYIP, however, it has many of the markings of one. We are giving it the benefit of the doubt for a few more months as we continue to monitor it. Below we will explain what Ze.cash is and who manages it, as well as whether we think it will last long term or not.
What is ZCH: Ze.cash scam coin?
ZCH is the name of the Ze.cash coin that has not been officially launched yet. It is still in pre-launch stages. For those of you that like to start buying a new coin before it launches you can start now at a cheap price.
The price of ZCH is $0.10 per token. Ze.cash also offers a 5% projected profit from ZeCash Coin Proof of Stake mining/minting. We strongly caution our readers to be careful with these types of promises. Nothing in this industry is guaranteed and many ICO launches in the past year ended up using this type of language to attract investors. Many of them ended up as simple Pyramid schemes and nothing more.
Who Owns and Manages Ze.cash scam?
The CEO of Ze.cash is a man by the name of Guy Tran-Hoang. The team also includes Ollview Danvel and Sami Haddad. We researched these men and found that they appear to have real Linkedin accounts. They also come from French backgrounds.
The bad news is that their profiles, while real, are new and only feature information about their work on Ze.cash and no past history. We were unable to find any recent photographs of the men together or other pictures that confirm their identity. Is this a bad thing?
It’s not necessarily a bad thing that we can’t find any additional information on these men, but it’s not a good sign either. Most businessmen who are launching a new ICO will have vivid and detailed past histories. When you chose to trust a new player in cryptocurrency, you are making a huge risk. Many of you may recall what happened to Bitconnect, whose owner turned out to be a fraud.
Ze.cash Review: The positive!
Before we get to our list of negatives, we’d like to point out the aspects of Ze.cash that we do like.
1. Active and transparent Facebook page.
If you do choose to join, we recommend you join the Facebook page for updates. This does not prove they won’t scam you, because many other fake ICO launches also had social media pages. However, when you take the risk of joining a new ICO, you need to join their facebook page as well!
2. Utilizes PoS technology.
Many cryptocurrency experts claim that Proof of Stake in cryptocurrency development is the way of the future. This has yet to be seen for sure, but it is definitely an exciting avenue to take! In PoS a person can mine or validate block transactions based on how many coins that person already owns. Therefore the more ZCH you own, the more mining power you’ll hold when it becomes available to mine for the public.
Ze.cash Scam: Negative Aspects
1. An incomplete White Paper.
Every ICO must have a detailed and full explanatory white paper. We were very pleased when we saw that Ze.cash scam does offer a full White Paper. However, we found that they left out information pertaining to their team. They merely list names but give no background of past work history for the men who claim to be launching this coin.
2. The name of Ze.cash closely resembles an already working cryptocurrency called Z.cash. Z.cash has been around for awhile and many people might accidentally think that Ze.cash and Z.cash are the same things. Several people have even pointed out that their websites look very similar.
Please note: We are NOT endorsing Z.cash! We are also not endorsing Ze.cash. But be aware that they are very similar in their name.
3. Most new ICO launches never last long term.
There are hundreds of ICO launches coming up and most of them will fail. We have our own list of cryptocurrencies that we invest in, and we don’t typically join new ICOs without a very strong reason. We will not be buying any ZCH tokens. However, the choice is up to you!
4. A referral plan.
A successful ICO will not offer a referral plan. This just screams scam. Only HYIPs offer referral commissions because a legitimate one would have its own publicity.
5. Ze.cash is registered with Company House in the UK.
This is actually another bad sign. Most HYIP sites that have carried this registration have been exposed as scams.
User Reviews: Ze.cash Users!
We need your input. Please send us an email or post in the comments below what your personal experience with Ze.cash has been. We look forward to hearing from you and using your information to teach others.
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Is Ze.cash a Scam?
The verdict is still out! We believe that Ze.cash is a scam because it does have many markings of one, however, we won’t officially list it as one until we get more information and user reviews.
If you’d like us to investigate any earning site online, please send us a message and we’ll add it to our list! Stay safe online and make sure to send us a message to share your experiences!