Our statement regarding "suspicious status" of Creativechain ICO at ICOindex.com

We have been contacted by Creativechain team members with the concern of being listed in "suspicious" category at our website ICOindex.com.
 
Projects in the suspicious category at ICOindex.com did not provide enough information to be listed in the main category or the ICOindex team has found severe flaws. We always try to state the concrete reasons why we consider the project to be suspicious.

In the case of Creativechain we marked Creativechain as suspicious because at the beginning of ICO there was very little information about the project team available online. This information was added later to their official website.

Another suspicious thing was that Creativechain ICO has set the minimum amount of money raised to 5 Bitcoins. How is the team going to develop the platform with such a low budget? So far we have not seen any document regarding funds allocation and budget planning for the project. (At the time of writing 21 bitcoins have been raised)

Conclusion:
We do not consider this ICO to be a scam and we do not want to create FUD. We actually like the idea of Creativechain, and we hope it becomes a successful project if the community of people will be willing to work hard on the project with very little funding.

More info can be found here http://icoindex.com/profile/creativechain-crea

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