Ethbay [Scam Alert] ICO (EBY)
Decentralized online marketplace
The biggest warning sign we found was their team's pictures. All of their pictures are either stock or belong to random people online (One of them is literally, a ship captain) For example - their founder and CEO, Brett Murphy, is actually Hans-peter Huber (https://twitter.com/hpghuber).
We even traced them back to where you can find all the pictures in one place (https://millionhappyfaces.com/main/faces).
Moreover, none of their team members have a social-media link attached
Another warning sign was that they present three false scores out of the three scores presented on the main part of their site.
One of the sites did not evaluate them and the rest simply didn't list them.
Ethbay presents itself as an online decentralized marketplace, that enables users to buy and sell for extremely low fees (1%), when compared to other centralized marketplaces which charge (10%-15%). Ethbay is a fully anonymous marketplace that protects users via an escrow system based on Ethereum's smart contract technology.
07 Jun, 2018
07 Aug, 2018
Ethbay [Scam Alert] Use of Token
EBY is Ethbay's native token. EBY is an Ethereum based ERC20 token. There is a total of 100 million EBY tokens, of which 80 million will be offered for sale via the ICO. The remaining 20% will be held by Ethbay's team. Holders of EBY tokens will receive a share of the fees collected from sellers on Ethbay's marketplace platform.
Ethbay [Scam Alert] Distribution
Ethbay [Scam Alert] Use of Proceeds
Ethbay [Scam Alert] Past Events
- 28 February, 2019
Alpha (Main) Launch of Platform
- 31 March, 2019
Launch Ethbay Android and IOS App
- 30 April, 2019
Launch Ethbay Services, Implement Voting System to Vote on Site Proposals
- 31 July, 2019
Start Accepting Ethbay Tokens on the Platform
- 31 October, 2019
Launch Ethbay Classifieds
Ethbay [Scam Alert] Future Events
- 30 November, 2019
Beta Launch of Platform