WeBlock (WON) ICO is suspected of fraud
Business
Weblock (WON) ICO is a creative project but unfortunately is a scam.
| Etymology | Analysis |
|---|---|
| Block means a large number of things regarded as a unit. Like building blocks. So "WeBlock" means WE are working in several different fields. If we consider "Block" to mean blocking, this phrase will not have a good meaning. | WeBlock is a good name. Although not very creative and attractive, it is very simple and fluent and has no problem with pronunciation. But we preferred a unique and original name. |
Score: 8/10
| Strengths | Weaknesses | . | ||
|---|---|---|---|---|
| -Creative Project -Ambitious Idea -Add Value to the Market -Large Target Market -Some simple prototype -High Profitability Potential | -Too Risky -7 platforms with the lowest number of members -No Demo Version or MVP -Poor on Social Media -Slow Pace of Business Growth -A Crowded Business -Low PR | |||
| Trustworthy | Profitable | Sustainable | Stereotyped | . |
| No | No | No | No | |
Score: 7/10
| Whitepaper | ||
|---|---|---|
| Strengths | Weaknesses | Multi-Languages |
| -Acceptable Volume -Complete Explanations -Token Distribution -Token Economic System | -No Legal Information -No Team Introduction -No Introduction to Social Networks -No Privacy Policy or disclaimer -No Revenue Model -Exaggerated Business | No |
Weblock ICO rating and review is a messy project. In fact, they plan to build a very large structure that will cover more than 7 different platforms and ideas. From building a community instantly to a payment network and a trading platform. This may be very good at first glance. But they show much bigger than they really are. Without any strong social media and with the least number of members, they want to start this big business. As a result, we are sure that they will not succeed.
Score: 6/10
WeBlock (WON) ICO has no Legal information. Also, we searched all company registration database and find nothing. There is a serious legal loophole.
Score: 1/10
They have not announced their location anywhere. Also, by checking the server and IP, we found out that WeBlock (WON) ICO is probably in Russia.
Score: 1/10
Average: 3.9 / 10
IT Structure
| Domain | Web Archive | Creation Date | IP |
|---|---|---|---|
| WeBlock.vip | SiteToken | 04/20/2020 | Coordinated |
| Owner | Whois | UI/UX Score | Web Hosting |
| Protected | Checked | Good (4/5) | Amazon Inc. |
| Responsive | DNS Records | SSL/TLS Certificate | Speed Grade |
| Yes | No Error | Approved (Buypass) | 65% |
| Connection Status | Multi-Languages | Server Location | Abuse & Scam |
| Not Secured | yes (7 langugaes) | Singapore | Yes |
| Short Description | |||
| A busy and confusing site with a lot of different pages, subdomains, and internal businesses. This website was not in good condition in terms of SEO and Alexa rank and did not seem to be an active website. Also according to Scamadviser.com the risk of participating in this project is estimated high. | |||
Score: 5/10
| ID | Start Date | Members | Content Quality |
|---|---|---|---|
| Group Channel | 07/31/2020 08/14/2020 | 10.7K 3.9K | Normal (3/5) |
| Engagement | Fake Members | Scam Report | |
| Low (2/5) | 40% - 45% | No Report | |
| Short Description | |||
| There are speculations in their group that the project is a scam. There are many fake members (last seen date) in the group. In the Telegram channel, there is a big difference between the comments of the posts, for example, one post without any comments, and the other post has 200 comments. Less than 2% of members are online. And active members is less than 10. | |||
They have many FAKE accounts on the Telegram group. Just open the pic
Score: 6/10
Weblock (WON) ICO has no Instagram. Only shared a few simple intro post on some pages.
Score: 3/10
| ID | Start Date | Followers | Content Quality |
|---|---|---|---|
| Page | Not Yet | 4 | |
| Short Description | |||
| This page claims to have about 11 to 50 employees. The interesting point is that it has only 3 followers and 3 employees, which can be seen. The page does not appear to be active anyway. Why WeBlock (WON) ICO team stay in shadow? | |||
Score: 3/10
| ID | Start Date | Followers | Content Quality |
|---|---|---|---|
| Channel | 14/08/2020 | 62 | Null |
| Engagement | Average Claps | Fake Claps | Scam Report |
| Low (2/5) | 7 | 1% - 5% | No Report |
Score: 7/10
WeBlock (WON) ICO has no YouTube page also no promo or Airdrop video.
Score: 1/10
| ID | Start Date | Followers | Content Quality | |
|---|---|---|---|---|
| Page | 08/15/2020 | 14K | Normal (3/5) | |
| Engagement | Average Activity | Fake Members | Scam Report | |
| High (4/5) | 500 Feedback | 20% - 25% | Yes (HERE) | |
| Short Description | ||||
| Due to the number of followers, the number of comments is very low. In addition, in some posts, the number of comments is unusually high. There are allegations by users that the project is a scam. | ||||
Score: 8/10
Weblock ICO Rating and Review has no Facebook page. So you can’t find anything on Facebook.
Score: 1/10
WeBlock (WON) ICO has no activity on Reddit. This is a huge weakness for a Crypto project.
Score: 1/10
| ID | Start Date | Read Times | Comments | |
|---|---|---|---|---|
| Bounty | 08/26/2020 | 137 | 0 | |
| Content Quality | Engagement | Fake Interaction | Scam Report | |
| Good (4/5) | Very Low (1/5) | Null | No Report | |
Score: 4/10
Average: 4.1 / 10
Technical Structure
| Token Name | Symbol | Token Type | |
|---|---|---|---|
| WeBlock | WON | Ethereum | |
| Total Supply | Distributed Token | Remained Token | |
| 1,000,000,000 WON | 1% | 99% | |
| Transfers | Holders | ICO Price | |
| 532 | 120 | $0.016 | |
| The project wallet | ERC20 Wallet | TRC20 Wallet | |
| Total Received | 19,000 USDT | 32,000 TRX = $960 |
Score: 6/10
| Token Allocation | Token Distribution | Total Supply | |
|---|---|---|---|
| Null | -Product Fees: 30% -Contributors: 20% -Marketing: 15% -Foundation: 10% -Private Fund: 10% -Public Raise: 10% -Advisor: 5% | 1,000,000,000 WON | |
| Bounty & Airdrop | Live WON Price | Live Market Cap | Holders |
| Yes (HERE) | $0.017 | $180,000 | 120 |
Score: 7/10
Weblock ICO rating and review
announced 6 different platforms as it’s MVP. WeBounty, which was launched as the oldest project before WeBlock. The 2nd project, Wepayu is a scam service and we got a lot of warnings about it. And WeAdmin, WeIXO, WeListing, and WeFlow projects that have not been launched yet.
Score: 7/10
ICO (Initial coin offering) details
In addition according to a review of project wallets and the number of holders, Weblock ICO rating and review has raised about $20,000 in their ICO. Of course, there are many contradictions. They claimed to have raised $200,000 on ICOmark also announced $23,000 on their own site. These are all reasons why we think the WeBlock ICO is a scam like Cinemadron ICO.
IEO (Initial exchange offering) details
They have not had any special IEO since they launched WeToken (WON) six months ago. The only thing that caught our attention was listing at BW Exchange (HERE), which lasted only 2 hours. The partnership, according to the founders, had 300 investors. While after 3 months, they have only 120 holders. Do you think WeBlock (WON) is a scam or a dead project like Diagon ICO?
Score: 5/10
Average: 6.1 / 10
Team
Why hasn’t WeBlock ICO rating and review released any details about its team?
We have an important question. Like good projects such as Ideaology IEO. Why is there no introduction? And why don’t we know their names?
Why there is no resume or background too? Besides, none of them have a LinkedIn account, why? Why do they prefer to remain anonymous?
In our opinion, the answer is very simple. The WeBlock (WON) ICO is a scam. Like Cryptochrome IEO or Ucoincurrency ICO and the team members are a bunch of amateur college kids with no resumes and do not want to leave any trace! Think about it.
Score: 6/10
Weblock ICO Rating and Review
Abba Garba the CTO and Advisor of WeBlock.vip. PhD. Researcher. Lecturer in Blockchain with 5 years’ experience with no Linkedin, CV, or resume. The judgment is yours! WeBlock ICRating and review
Score: 4/10
Average: 5.5 / 10
Weblock (WON) ICO is a complex case. Although they have worked hard to build this multilateral platform, But there are some worrying details. On the one hand, they dream of a large multi-dimensional ecosystem, and on the other hand, they have no specific plans for it. Also, they show a group of guys in set uniforms, but the team is completely in the shadows.
Besides, they introduced 7 (creative) systems at a high cost as an MVP, but the financial transaction of the Weblock (WON) ICO hardly reaches $20K. “Weblock ICO rating and review” is looking for a broad target market but has no locations or legal documents.
Finally, we believe Weblock (WON) ICO is scam like Cinemadrom.
Here are two hypotheses: not only
1. Weblock ICO Rating and Review has reached a dead-end in terms of raising capital after 6 months.
2. Moreover, it is possible that Weblock (WON) ICO is scam. A professional scammer.
As a result, we DO NOT offer any short-term or long-term investments until they solve the main problems such as team identity. Legal loopholes, transparency, low financial transactions, etc. Listing as an IEO in a reputable Crypto exchange can increase the reliability of this project.
Summary
Weblock (WON) ICO
Positive
- Good Initial Idea.
- Large Business Network.
- Multi-Language.
- High Audience Volume.
- Tradable Token.
- High Activity on Twitter.
Negative
- Massy and Chaotic Ideas.
- Legal Loopholes / No Location.
- Poor Social Media Activity.
- Team in Shadow / No Advisors.
- Low Token distribution.
- Low Holders After 5 Months.
- Failed IEO. No Legal ICO.
- Available Many Scam Alert.
- No Explanation from Managers.
- Fake Partnership with Well known Businesses.