yes this site is a total scam.  They bought ardeva from coinsortium owner illegally . Because coinsortium owes 100's in btc to account holders.  How can you buy an asset from a failed exchange ardeva a verifying website from a btc exchange that failed using ardeva to verify owners?? Ardeva failed once already. there is almost no recourse on investing here dont do it.  They charge .25 btc to open an ipo that is a breeding ground for scam companies to pop up.   Btc pop top asset is ardeva and it already has failed it is useless. Try to get money from someone that takes it with ardeva verification . It has not happened yet.    Casmir is now the owner of btcpop he got it from bartholmew.  As for the laons being backed by collateral, go check loans that are backed an what they are backed by.... crummy stcok at btc pop.  So do you get the  scam yet???   Open ipo and buy shares of other companies other company owners will buy each others shares  then put up those shares for collateral on more loans to buy more stock.   Stay away.