Hello Techlore community, this video is going to break down some of the possible risks involved with the cryptocurrency (ICO) ArbiTraCoin. I have very much reason to believe that it is a scam, similar to the Bitconnect scam which recently struck the cryptocurrency market. Although there is no way to fully prove the scam, we can heavily speculate some of the issues with the service's software, 2% daily interest rates, anonymous team, and the similarities to Bitconnect. Let's try to make the cryptocurrency market a healthier place by encouraging transparency between projects and consumers :) HODL MY FRIENDS!
ArbiTraCoin Website: https://arbitracoin.com/
Influencer Partner Document: https://anonfile.com/EdA1y9k1b5/Influencer_Content_Sheet_pdf
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I received an email from Arbitracoin looking for a paid review on my channel. I always respond with my default answer of no paid reviews on my channel, only honest reviews on projects I fully support. I asked lots of questions (already very suspicious) and received a document as a response to a lot of my unrelated questions. At this point...it was clear to me what was really going on here. I did more research on the website, whitepaper, emails, and documents...leading me to creating this video.
Bitconnect was an investment ponzi scheme which relied on lending between users, with guaranteed interest rates, and a software which runs the whole show. The software never existed, and the ponzi scheme finally fell apart, exposing the scheme for what it really was. We could possibly see a similar story with Arbitracoin, so BE CAREFUL!