Backstage (BKS) Blockchain is a High Potential on the Downslide

Backstage (BKS) Blockchain has recently prepared its infrastructure and we challenge them to analysis at Antidolos ICO rating and review before they launch the sales platform and IDO. They consider themselves the future of events powered by Blockchain and according to Bksbackstage.io, it powers many nightclubs, concerts, festivals, and sports with Blockchain, NFT ticketing, and Metaverse technology. At first glance, Backstage (BKS) Blockchain has great potential and is a creative idea. But stay tuned to Antidolos Media so we can verify their claim.

Why Do They Insist on The Name Backstage (BKS) IDO?

Backstage is a good name for what they do. But as you can see, “Backstage (BKS)” is the name of a restaurant in Chile, and Backstage.io is a well-known old company in the same field. But what is the reason for this similarity in the name and domain?
In our experience, if you duplicate a famous name

1. Increase the chances of being seen
2. Attract their Google search traffic
3. Hide fraud alerts against you under that name

For example, what are the results if we use the word “Amazun” for a fraudulent online store? If someone Googles for it or searches “Is Amazun store a scam?” they will not get any results thanks to The Amazon.

The Idea Behind The Backstage (BKS) Blockchain

An attractive and profitable, but a repetitive idea. If Backstage (BKS) Blockchain introduces a repetitive idea in a new way, do you think it can be profitable? Definitely yes!
If they can spread this idea with extensive ads and marketing, they certainly have the potential to attract a large audience. Using NFT and Blockchain for the entertainment market is a practical step in terms of security, but will it be used properly? That’s debatable.
Do you think Backstage (BKS) IDO is a scam? It’s too early to answer.

Dealing With a Registered Company

If you look on BKSbackstage.io, you will come across this section.
“BKSBackstage OÜ is a Limited Company, registered in ………. on July 5, 2021, under the Laws of Estonia and ………. address at:
Harju maakond, Kesklinna linnaosa, ………. Tallinn, Estonia.”
Good news. According to Antidolos Latest Blockchain News, they have registered an online company in Estonia. Although there is no financial, or legal info or license for this business and the submitted field is scientific and technical, the existence of this registered name has given us some relief!

The Location of Backstage (BKS) Blockchain

This is the official address and interesting to note that the company address and the founder’s home are the same. Do you think they manage this huge company with dozens of events and concerts from this location?

Check the Backstage (BKS) Blockchain Social Media

Twitter: 23.4K – Medium: 151 – Facebook: 3.9K – Instagram: 8.7K (too much fake) – Telegram: 10K.
They are very active in these networks. In general, the number of fake followers was <10% (except for Instagram, we faced >40% fake), but the level of activity and user interaction is very low. One thing we noticed in Antidolos Blockchain Basics Learning is that the roadmap and marketing activities were updated in mid-2022 and we’ve seen no specific update since then. Perhaps that’s why we’ve seen the most activity with the least feedback on Telegram and Twitter.

Financial Details About the Backstage (BKS) IDO

About a year has passed since the Backstage (BKS) ICO, and according to the managers, they have raised +$25,000. If you look at their marketplace, you notice many VIP tickets for popular concerts are sold out. On the other hand, according to their roadmap, they should have started crowd sales by October 2022. So far they had many positive points as an old fashion business and relatively managed to prove themselves, but when we label them as an NFT marketplace and IDO, their Achilles heel is revealed.

1. After a year, there are no smart contracts / tokens on the Binance chain.
2. They claim to sell VIP tickets for celebrities like Enrique, Ha*Ash, and Wayra. They are honest about some of these names and we confirmed some events like the Ha*Ash concert, but we believe BKSbackstage.io are exaggerating some famous names to sell more NFTs and after a year’s delay, they still have not released BKS tokens.
3. With a simple calculation of the claimed sales and low traffic to the website, we find that +60% of the figures are not true.

Backstage (BKS) IDO Has No Token

They are currently focusing on two areas that we have investigated.

1. Selling VIP tickets as NFT for events

*Most info about collaboration with celebrities and access to stages is true.
*They have the license to offer these services.
* But there is no smart contract and these NFTs are not tradable.

1. Selling BKS tokens through the website

*They are a year behind schedule.
*No BKS token has been launched yet.
*They claim +$25,000 raised in the Backstage (BKS) ICO.

Still, in doubt about whether Backstage (BKS) IDO is a scam or not? Don’t miss the next paragraph.

Ads & Marketing Situation at Backstage (BKS) IDO

Let us go back to 2021 when the first ideas of Backstage (BKS) Blockchain were ready. They registered for an official company in Estonia and started the business with a pro team. By mid-2022, they presented the business on free platforms and organized good airdrops. The overall structure of the website, marketplace, and Whitepaper was fine. At the same time, they attracted many users on Telegram, Facebook, and Twitter. Good Job!
From October 2022, the downward trend began. Day by day, they fell behind the roadmap on the Crypto part. A low budget was spent on marketing and engagements decreased.

As a result, they resorted to manipulating info and statistics. Fake sales, the hyperbole of celebrity names, and also the addition of unconfirmed names to the project advisors, which we will explore in more detail. Quite simply, Antidolos ICO scams alert believes although they are growing in the physical market but the Backstage (BKS) Blockchain is a High Potential on the Downslide.

A Good Team Standing in The Shadows

A good team with a strong core that prefers to stay in the shadows. This is a summary of the entire paragraph below.

The Backstage (BKS) Blockchain started with an expert team, but over time, they invited people that we can’t confirm.
It is a simple mechanism. If you check their LinkedIn, there is no name of BKSBackstage.io. There is no accusation, but they prefer to stay in the shadows. They used the same trick in the business partner section. They introduce 56 brands as partners. Although a third of this number is a strength for Backstage (BKS) Blockchain.
While you will not find any name of Backstage (BKS) IDO anywhere, except on some free ICO rating and review websites.

5 Reasons to be Cautious in Backstage (BKS) ICO Investing

1. Exaggeration in the use of famous names.
2. No smart contract after 1 year.
3. Delay in the roadmap and a year with no update.
4. Lack of transparency in sales and transactions.
5. Lack of budget for ads and marketing.

The Recommendation for Backstage (BKS) Blockchain

As we said, we are dealing with a complex project. A strong structure, a registered company, an attractive visual identity, and professional founders suggest a credible project. Their idea might not be innovative, but if they stayed the course, they could grow with the extra funding in this messy market.
But unfortunately, over time, they fell behind their Crypto goals. So far, there is no particular problem. Our sensitivity was triggered when they tried to manipulate names and statistics.
Although they had some success as an offline business, They have flaws as a Crypto involved business. Finally, Antidolos Crypto Basics Learning NOT recommends investing in Backstage (BKS) IDO. But we are watching it and if we see fundamental reforms, it will 100% be one of our options for long-term investment.

A Last Word About Backstage Crypto

Backstage (BKS) IDO is a scam or not? The main NFT scams and ICO scams have some similarities. This review concluded by analyzing Backstage (BKS) ICO, socials, and financial details. Unfortunately, due to the low participation, unconfirmed team, and manipulated inf, we don’t recommend buying BKS tokens but hope for a better process in the future.
Even though we’ve given several examples of Crypto scams, you still need to act responsibly to make a good profit. If you want to learn how to spot a fake project, the guides on this website can also be very helpful for.
Always remain vigilant while doing your due diligence. Also, read the other posts on Antidolos Media, and do not forget to leave your comments and share them with others.