CryptoBharat Coin is a Scam! (Last update: Failed)
Business
| Etymology | Analysis |
|---|---|
| Bharat means "devoted to light as against darkness". The name "Bharat" was symbolic in nature revealing the fact that the whole country was highly enlightened spiritually. It was also borne by a legendary king, the son of Dushyanta and Shakuntala. The official name of the country of India, Bharat, derives from him. | Crypto+Bharat+Coin is definitely the simplest name an Indian group can give to their project. Of course, if they were Japanese, they would choose CryptoJapanCoin. Or maybe CryptoPakistanCoin for those who are Pakistani. A long noun, with different writing modes and different pronunciations in different countries and dialects. Names and words reflect our intelligence and experiences, and our experiences measure the success of our business |
Score: 6.5/10
| Strengths | Weaknesses | . | ||
|---|---|---|---|---|
| -Nothing | -This is the best explanation we have found on the site. "Crypto Bharat is an Indian Token used by thousands of people to trade shopping and general usage every day." In fact, CryptoBharatCoin has no idea, plan, or strategy. They just want to create a digital currency to buy things. What is the final goal of a Utility Token? | |||
| Trustworthy | Profitable | Sustainable | Stereotyped | . |
| No | No | No | Yes | |
Score: 4/10
| WhitePaper (HERE) | ||
|---|---|---|
| Strengths | Weaknesses | Multi-Languages |
| -Nothing | The Whitepaper is a complete but incomprehensible copy of the Npcoin company. This Whitepaper definitely has many advantages and disadvantages. But since this is not original, we do not analyze it. You can see the Whitepaper of CryptoBharatCoin HERE and the Whitepaper of the Npcoin company HERE. | No |
Score: 2/10
| Name | Official Business | Type of Company | Criminal Record |
|---|---|---|---|
| CBC DIGITAL INDIA PRIVATE LIMITED | Verified | Limited by Shares | No |
| Registration Number | Registration Date | Country | Contradiction in Info |
| 364434 | 06/06/2020 | India | No |
| Description | |||
| We did not find any particular problem regarding the legal status of CryptoBharatCoin. But registering 3 family companies in a row is a bit dubious. | |||
Score: 6/10
| Office Type | Multi-Branch | Address | Google Map |
|---|---|---|---|
| Physical | No | 178/4, First Floor, Flat No 5 Patparganj Village Delhi East Delhi DL 110091 India | Not Registered |
Score: 7/10
IT Structure
| Domain | Creation Date | IP | Owner |
|---|---|---|---|
| CryptoBharat.org | 04/11/2020 | Coordinated | CBC DIGITAL LIMITED |
| Whois | UI/UX Score | Web Hosting | Responsive |
| Checked | Bad (2/5) | GoDaddy | Yes |
| DNS Records | SSL/TLS Certificate | Connection Status | Speed Grade |
| HTTPS Cert will expire on 08/22/2020 | Approved (Sectigo) |  | 42% |
| Multi-Languages | Server Location | Abuse & Scam | |
| No | Arizona, USA | No Report | |
| Short Description | |||
| In the first step, we are faced with a newly created site, light, simple, with low graphic elements. A WordPress site that uses a ready-made template. Very inefficient roadmap. The site does not have a sitemap and the quality of images (especially the team) is very low. In general, you do not get much from the site. | |||
| In the Media | |||
| CoinMarketCap | ICO Marks | ||
Score: 5.5/10
| ID | Start Date | Members | Content Quality |
|---|---|---|---|
| Group Channel | 05/26/2020 05/16/2020 | 19K | Bad (2/5) |
| Engagement | Fake Members | Scam Report | |
| Medium (3/5) | 15% - 20% | Low (2/5) | |
| Short Description | |||
| We noticed from the sudden growth of members that many of them are fake. We also found out that they were supposed to be listed on the P2PB2B Exchange in June, which did not happen, and they switched their IEO to August 5 and ProBit Exchange. | |||
Score: 8/10
CryptoBharatCoin does not work on specialized platforms and media (such as Reddit, BitcoinTalk, Instagram) where there is a possibility of two-way interaction between the project and users. Scam projects usually run in the shadows and are not interested in working in specialized media. They have no page or group on Instagram.
Score: 1/10
| ID | Start Date | Followers | Content Quality |
|---|---|---|---|
| Channel | 05/20/2020 | 12 | Very Bad (1/5) |
| Engagement | Average Likes | Scam Report | |
| Very Low (1/5) | 0 | Null | |
| Short Description | |||
| Believe it or not, CryptoBharatCoin has no official LinkedIn company page. They use a personal account - with 9 members - as the official page of the company! No content - except 3 screenshots from the site - has been published and there is no interaction. We also found many problems and bugs with the board members' LinkedIn page, which we have fully explained on the "Team" section. | |||
Score: 4/10
| ID | Start Date | Followers | Content Quality | |
|---|---|---|---|---|
| Channel | 05/16/2020 | 5.2K | Bad (2/5) | |
| Engagement | Average Claps | Fake Claps | Scam Report | |
| High (4/5) | 508 | 30% - 35% | Low (4/5) | |
| Short Description | ||||
| All you will find on the Medium page are 6 very short articles. This project is very weak in graphics content. Most articles have no designed image and usually include a screenshot and a few lines of description. Most members are fake (3.5K on August 4 and 5.2K on August 07). | ||||
Score: 7/10
| ID | Start Date | Subscribers | Content Quality | |
|---|---|---|---|---|
| Channel | 02/19/2020 | 35 | Null | |
| Engagement | Average Views | Fake Views | Scam Report | |
| Null | 0 | 0 | Low (2/5) | |
| Short Description | ||||
| CryptoBharatCoin has not posted any videos on YouTube, but due to a bounty campaign of over 20 videos has been introduced and published by the audience - mostly Indians - to promote the project. After reviewing the videos and comments, we found that many people are objecting to the Airdrop. They participated in the airdrop but did not receive their tokens. | ||||
Score: 5/10
| ID | Start Date | Followers | Content Quality | |
|---|---|---|---|---|
| Page | 05/01/2020 | 8.4K | Normal (3/5) | |
| Engagement | Average Activity | Fake Members | Scam Report | |
| Medium (3/5) | 8 Feedback | 30% - 35% | Low (5/5) | |
| Short Description | ||||
| Twitter activity is rated good. User interactions are high. However, like other social networks, visual quality is very low. Due to the bounty campaign, a large number of people liked the posts and promote CryptoBharatCoin on Twitter, without asking about the details of the project and whether it was a scam. We also noticed a number of fake accounts that were promoting the project at the same time. | ||||
Score: 6.5/10
| ID | Start Date | Followers | Content Quality |
|---|---|---|---|
| Page | 05/06/2020 | 5K | Bad (2/5) |
| Engagement | Average Likes | Fake Members | Scam Report |
| Medium (3/5) | 1.5 | 15% - 20% | Medium (3/5) |
| Short Description | |||
| All the informatio on Facebook are about the Airdrop, project events, IEO, and the status of the exchanges. As it turns out, project managers have no interest in explaining their project idea, goals, financial details, or strategies. Only encourage users to participate in the bounty campaign | |||
Score: 4/10
CryptoBharatCoin does not work on specialized platforms and media (such as Reddit, BitcoinTalk, LinkedIn) where there is a possibility of two-way interaction between the project and users. Scam projects usually run in the shadows and are not interested in working in specialized media. They have no page or group on Reddit.
Score: 1/10
Let’s take a look at two examples of reports published by the BitcoinTalk contributors as evidence to prove Crypto Bharat Coin is a scam.
“Crypto Bharat Coin Holding IEO on P2pb2b is a Scam project”
Read the full report HERE
“Warning – Cryptobharat plagiarized whitepaper and use stolen content”
Read the full report HERE
Score: 1/10
We have fully explained the contract and token of this project in the research section.
Ajay Kumar Jayswal has registered his contract on the Ethereum Blockchain under the username FCAJAY (Same username on Instagram and LinkedIn).
Now, Jayswal has 3 tokens with the name CBC on the Ethereum Blockchain (HERE & HERE & HERE) and 2 tokens with the same name on the Tron Blockchain (HERE & HERE).
5 tokens on different platforms. What’s going on there?
Score: 2/10
Technical Structure
Ajay Kumar Jayswal has registered his contract on the Ethereum Blockchain under the username FCAJAY (Same username on Instagram and LinkedIn).
Now, Jayswal has 3 tokens with the name CBC on the Ethereum Blockchain (HERE & HERE & HERE) and 2 tokens with the same name on the Tron Blockchain (HERE & HERE).
5 tokens on different platforms. What’s going on there?
Score: 5.5/10
| Token Allocation | Token Distribution | Total Supply | |
|---|---|---|---|
| Null! | Eco-Minting Project: 10% Use Case Partners: 80% Reserved for Overhead, Marketing & CryptoProject Stability: 10% | 21,000,000 CBC 2,400,000 U$D |
|
| Bounty & Airdrop | Live Price | Market Cap | Holders |
| Yes (Successful) | $1.15 | ? | Low (2/5) |
Score: 7/10
ICO (Initial coin offering) details
We have no information about the ICO of tokens for this project. But from the recorded transactions and the number of holders, it is clear that they did not have a successful ICO and most of the holders are Airdrop hunters.
IEO (Initial exchange offering) details
Currently, CryptoBharatCoin is listed in 3 exchanges (Fivestar Exchange, VinDax, and ProBit Exchange) and their IEO will start on August 5.
After the disclosure about CryptoBharatCoin and terminated partnership between P2PB2B Exchange and this project, it is very strange why well-known exchanges such as ProBit are willing to cooperate with such a scam.
Score: 5/10
Team
We never judge a project. We do not know if they are scammers or amateurs, but for many reasons, CryptoBharat Coin is not a good choice for investment.
- They have no idea. The idea of CryptoBharat is just a utility token that was made without support, without a detailed plan, without purpose and without adding value to this market.
- The site and more importantly their Whitepaper is not original and has been copied from another project. Check this LINK.
- They did not give any description or introduction of their project and only focused on the bounty campaign.
- They move in the shadows. There is no sign of CryptoBharat on specialized media such as LinkedIn, Reddit, or BitcoinTalk.
- Some people reported them as a scam! Check this LINK and this LINK.
- They have created 5 different tokens. 3 tokens on Ethereum Blockchain (HERE and HERE and HERE) and 2 tokens on Tron Blockchain (HERE and HERE).
- In some sites (HERE) they are mentioned as scammers!
- They have no professional team or advisors. Just a family business.
- They have no physical activity (seminar, meeting, or Blockchain event).
Based on this information, trust or distrust of this project is your personal choice.
We are not currently proposing any investment in this project (CryptoBharat Coin). Even participating in the bounty campaign is a form of collaborating with them and encourage people to lose their money.
Summary
Crypto Bharat Coin
Negative
- Simple idea without any plan (Just a utility token)
- Fully copied White paper (Check Npcoin.info)
- Newly founded company & Unknown location
- Insecure site with a low rate social media
- Inactive in specialized media (LinkedIn, Reddit, BitcoinTalk)
- Created 5 Tokens in Etherem and Teron Blockchain!
- No Token Allocation & Token Distribution program
- Suspicious IEO & unclear Market cap
- Family team with non-specialist founders
- Unknown team with no advisor