Pincoin and iFan
Pincoin and iFan took place in April 2018. Two ICOS were held by the same Modern Tech company in Vietnam. 32,000 investors gave a total of $660 million.
Both ICOS are classified as multi-level marketing Scam. iFan advertised a social network for celebrities through which they could promote their content. Pincoin promised 40% of the monthly profit from the contributions made to the online platform for investment and auctions.
It's sad to know that there's a lot of ICO who got easy money.
How come the people behind that project you stated deceived the people who trust in them.
They create fear from people who want to trust crypto.