Is this a scam?

Kraig asked 11 months ago

Do you think this is a scam? I have an anitreset in crypto and art which is why I have some ArtByte coins. Recently some of the Facebook groups I’m in have been promoting the badly spelled KR8 http://WWW.KR8TKN.TK has a horrible web page and mentions a crowd sale but has no apparent ICO listens anywhere I can find. Do you think is some kind of scam?

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1 Answers
Steven Hay answered 11 months ago

Hi Kraig,
Well, a dot tk domain is a free domain… The whole site looks very amateur. I didn’t look at the white paper but I don’t expect much from it. I would stay away from this project as there are legitimate ways to do this sort of thing already with blockchain. Check out Rare Pepe Tokens on Counterparty or Crypto Kitties on Ethereum. These are digital assets which can be traded as they’re made rare and distinct through cryptography.  This can be done with traditional art and other assets too, and projects exist for these things. I’d suggest investigating those instead if you’re interested in this type of thing. 

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