Post
Topic
Board Announcements (Altcoins)
Re: 🔥[ANN] [IEO] EZYSTAYZ HOLIDAY RENTALS PRESALE #EZT BLOCKCHAIN
by
orio
on 17/04/2020, 13:59:12 UTC
I'm sure EzyStayz is another scam/fail project, trying to raise money for its founder and here's why:

1. I think the project's idea is not good in terms of revenue and implementation. Expenses are too high and it won't work like they say, especially from now on, considering the situation with the virus.

2. The project's content looked like a mess last year. There were a lot of spelling mistakes, discrepancies and structure issues in their presentations and website. Now they fixed some but there are still a lot of issues with content, marketing and operations.

3. Here's what I discovered about their 3 company addresses:
- "PO BOX 27 Potts Point NSW 2011 Australia" - This just the region in Sydney. PO BOX in the region ?
- "58 Pitt St, Sydney, New South Wales 2000, AU" - This is the address of some supermarket called "EzyMart": https://ezymart.net.au/contact-us - Sounds familiar, right ?
- "201 20 Bayswater Rd Potts Point NSW 2011" - This is the address of "Station Gallery" in Sydney: https://stationgallery.com.au/contact

4. There are 2 tokens created by the team: EZT and EZY (I didn't know about the EZY before). Until April 2020 the website and each document described EZT as a native EzyStayz token. For example, here are their old executive summary and pitch deck with EZT:
https://drive.google.com/open?id=1DEJPsw-1n64vKZ0C-MhxGTFni-6sPsnh
https://drive.google.com/open?id=1djVzd3rAr3E8KXZCbrPYgdGxPZN7NHwN

4.1. I see a lot of payments in EZT token. But since April 2020, they suddenly switched to new EZY token and removed all the documents, mentioning EZT. People's EZT were never converted to EZY. All the documents were modified and shared on the website, describing the only new EZY token.

4.2. It's remarkable that the developers who created EZT and EZY smart contracts, also created the scam token called BizzCoin (BIZZ) as well as some other (yet) unknown: Omiindo (ODO), ApexCoin (APX) and another ApexCoin (APC):
https://etherscan.io/address/0x9c0b025bfd3d84984ca70fe50abe649967cf420c
https://etherscan.io/address/0x3314bf4b1286f495b1fe8908f7d0f05d8818b168

4.3. Another (second) EZY smart contract was created a few days ago (looks like so to show the community that it's just a rebranding):
https://etherscan.io/address/0x416c720b508232a6487886e5b14af4b6704f8450

5. There is no any information about the CEO - James Moses:
- he is the the only one from the core team who is not verified on Icobench or anywhere else
- there is no social media profiles except Linkedin
- google search provides no mentions about him except for EzyStayz, JMGM and Horizongosford
- the same black&white photo everywhere

5.1. His profile on Linkedin looks like a classic scammer:
https://www.linkedin.com/in/james-moses-2994b617

- black&white photo and no cover
- no past experience
- no education details
- no skills and endorsements
- no recommendations
- no publications
- overall no any personal or additional data

5.2. There is no any info about James Moses' JMGM company, except the website (https://www.jmgm.com.au/about.php):
- no team except James Moses
- the company address is the same as EzyStayz (see above)
- no social media accounts
- company e-mail is not working
- no company activity

6. EzyStayz claims they have 2 seed investors: Unalome Interior and ICA Fund.
a) Not sure about ICA. Jason Hung (the founder of ICA) read my messages but hasn't replied so far.
b) Unalome Interior is the furniture store on Bali which started on 2018: https://www.unalomeinterior.com/story Here is the article where EzyStayz claims that Unalome has "28 years of history": https://medium.com/@ezystayz/eco-friendly-unalome-interior-invests-in-ezystayz-c6ec8f8eb858

Now some facts about Unalome:
- Unalome website was registered on 2018-02-24
- The only working social media profile of Unalome is Facebook where they have 57 followers and no activity
- Unalome's CEO Ako Ardalan, who has a suspicious Linkedin account (https://www.linkedin.com/in/ako-ardalan) is not reachable
- Unalome's COO Michel Schoppe cannot be found in the web at all neither by name or photo

7. The EzyStayz IEO should have conducted in early December 2019 (see their pitch deck above), however the CEO made delay after delay without any good reasons and not communicated with community. Looks like he just tried to fix all the old issues (to look legit) and was looking for free exchange listing so to raise a hard cap of 8.1M (!!!) for EzyStayz (which is obviously impossible). By the way, their hard cap was different before - $15M.



Please be careful and think 3 times before you invest or do anything for such a shady project.