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Terrible Token Tuesdays - 8 ICOs that belong in the doghouse

Welcome to this week’s Terrible Token Tuesdays!
Note: If you missed Terrible Token Tuesdays last week, it was because we had a little problem. TTT was published and received a nice reddit reception. Unfortunately, 2 hours after TTT was posted, we received 20 downvotes in 10 minutes, dropping TTT completely off of ethtrader. We don’t know who would want to do that, but we kindly ask they refrain this week.
Zenith Card - Again an ICO that is using the same $39 wordpress template we have found to be used by several other projects. Zenith staked its reputation on having partnerships with Mastercard and Binance but lost. Mastercard has not announced any partnership, and Binance directly confirmed to a community researcher that their partnership does not actually exist.
xDAC - Pre-sale is being held currently, with no clear information about the main sale. Social media presence and reviews seems to be manipulated through a bounty campaign. Website says that project is built on EOS, this makes launching an ERC-20 token just a couple of months ahead of EOS’s release a really counterproductive move.
Bittix - Project is vague, tech is unclear and whitepaper does not seem to provide any relevant details. The team is not getting any tokens, and selling them to investors knowing that they can be made free by playing games on Bittix. This is a really bad idea to dilute their value and drive investors out. Website is also down now!
Diet_Bitcoin - A Bitcoin fork by Pablo Escobar’s brother. Website providing a staggering discount from $100 to $5 a coin, while the Whitepaper is claiming a totally unreasonable price increase to $5,000 in 1 year, putting to shame even Bitcoin’s meteoric rise.
MBYS - Most of the team does not list the project on their LinkedIn, and an “ICOBench” advisor who lists on his LinkedIn that he does not work without up-front payment. MBYS claims to hold your private keys, while their Github is almost empty very close to ICO time.
Utrum - Project is attempting to create a due diligence platform, a marketplace, a machine learning reputation system, an in depth analysis service and a professional social network. All that while seemingly outsourcing their blockchain development work to a blockchain consultancy that has a website still coming soon at the time the report was written.
Hybrid Block - Co-founders have created together a shady company that sells “Unique nutrition for brain”. Rod Jao on of the co-founders as well as other team members are connected to companies that were halted by BSCS for fraudulent email spamming.Project has no experience whatsoever in the crypto space, and no evidence of any relevant MVP or Development.
Shop Protocol - Shop Protocol is our featured DD this week, DD was done by several members of the ConcourseQ community, and we really think you should check it out: More here:
The ConcourseQ team would like to thank everybody that helped on these DDs and all the others! If you want to join our community, meet us on our Discord
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