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UBEX ICO: review, audit, security [rate: very bad]

img 5b4dc7caaa22d - UBEX ICO: review, audit, security [rate: very bad]

Despite the good business rating and rave reviews, from the technical point of view the project UBEX looks like a technical scam: the development plan is not disclosed, instead of the plan – water, release of tokens on the verge of foul, softcap – deception, technical level of the first product (smart contract) – extremely bad, fees of $7 million can not be checked.

UBEX is perhaps the most popular ICO in July 2018. It has collected a very large number of interested people, many revived reviews, videos, laudatory speeches, and positive forecasts have been ordered on the Internet. But…

The article considers a audit of the following objects of the ICO campaign at www.ubex.com, conducted by CryptoB2B on Jule 12, 2018, commissioned by a private investor:

  • methods of functioning of the Personal Cabinet about the sale of tokens
  • audit of a smart contract
  • technical component of the idea of the project (on the basis of reading White Paper).

Preliminary conclusion:

  • critically erroneous approach in the understanding of the blockchain authors
  • serious problems with smart contract
  • a complete lack of explanation in the WP, how and what the authors of the project are going to do
  • despite the steep business rating, our technical rating of the project UBEX: 0/10.

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ICO-Hypethon 2017 conference

bankor - ICO-Hypethon 2017 conference

Representatives of CryptoB2B, MatrixBank, ICOrating and Imigize took part in ICO-Hypethon 2017. Of all the events of the conference, it is especially possible to single out a personal acquaintance with the co-owner of Bancor, Eyal Herzog, in the center of the photo. Bancor – https://www.bancor.network. Crowdsdale-ICO Bancor brought the owners $ 150 million in 3 hours.

Eyal kindly agreed to analyze the concept of ICO for Imigize and make personal criticism. In the near future, the Imigize team will prepare a preliminary concept for an exit to the ICO. The CryptoB2B founder is also one of the founders of the Imigize project – a technology for contactless shoe fitting using a mobile phone or a stationary scanner that can be used in shoe stores online.

In the photo from left to right: Borodin D. (CryptoB2B), Eyal Herzog (Bancor), Chernik M. (Imigize).

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