INSUBCONTINENT EXCLUSIVE:
whitepaper for HoweyCoins
@boxingchamp1934, an official celebrity backer of the token
The website is full of beautiful beaches, features a handsome team of international men and women and the technology is nowhere to be seen,
buried under a sea of excitement
The whitepaper is complete and well-written, focusing on the upside that is to come
All that breathless optimism is a site created by US Securities Exchange Commission to warn investors of scams and issues associated with
The site features all the trademarks of a scammy security token, including tiered pre-sale pricing and an urgent countdown clock.The site
features a number of red flags that the SEC encourages users to watch out for, including, most importantly, claims that tokens can only go
They write:Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive
High returns entail high risks, possibly including a total loss on the investments
a giant no-no in the world of investing.You can read the rest of the red flags here.While the site is fairly comical, it is sufficiently
complete and would fool the casual observer
The SEC also posted a real-looking whitepaper that makes it clear that anyone can string together a few buzzwords and write a passable
During the same panel the SEC claimed its doors were always open for questions.Ultimately there is little separating the scams from the real
The SEC is framing this problem in their own way based on decades of dealing with pink sheet pump and dumps and bogus get-rich-quick schemes
While HoweyCoins may not be real, there are plenty of scammers out there, and at least something like this bogus website makes it easier to
