Quote from: gamer455 on February 12, 2018, 10:40:19 AM

For the last 2 days straight I researched XTRABYTES (XBY) throughout all possible information sources and I cannot make up my mind whether it is the most amazing thing ever happened to crypto or the by far most professional scam.

Many people say there is no proof it is a scam, however, I do not find any proof it really exists at all neither. All I see are nice animations of a potential UI, but I saw the same with the scam Moirai ICO.

Fans just say how great they think it is that the team is too humble to participate in big exchange votings because they want to grow organically (maybe they are just scared what would happen if a big exchange lists them?).

I guess the main problem in that matter is trust. After so many articles about red flags and equally many articles praising XBY, I do not know anymore whether the defense articles are genuine reports who want to mitigate fud or just shilling investors who want to rip off smaller investors.

What do you think about XBY and did you find any (somewhat) objective posts on that matter?

Thanks

Growing organically can happen on a big exchange, not really an excuse. Plus at some point you will have to get listed on another exchange to grow further. I think XBY did actually start out as a scam when the ICO team exited but I've been hearing much praise these past couple of months. It's always tricky to find out if something is a scam, and even when it is there are people still in it.

I believe Fusion ICO raised 42MM and claims partnerships with VEN and QTUM, both VEN and QTUM denied such partnerships exist and said to be cautious. But yes you read that right, they raised 42MM, for an ICO that started out on lies. I can't expect much from it, it also didn't do KYC which seems to be the norm these days though.

Its still very hard to figure out if these things are a scam or not, I also got into LuxCoin when everyone shouted scam, and it was a very real possibility that the devs would dump their pre-mine and leave, they didn't however and the coin had a good bullrun 20-40x depending on your early entry.

It might be best to contact their team directly and get to see their prototype, MVP or whatever they have so far and review it. I assume they're open-source on GitHub? Try find a developer and let him take a look and report what you find? Or if its really that amazing, but you're not sure, put in something very small and just wait it out. The return might be less but if you wait for confirmation of its legitemacy than I suppose you can still make good returns.