Quizando, a famous Leaderboard quiz platform played a lot by multiple users about hundreds of thousands of times by quiz fans all over the world has taken a new turn, launching a coin offering through its white paper just this August 2018. This turn of events by this company which is not a registered one at that seems to raise many eyebrows, especially with the launch of its ICO just before the Malta financial services authority looks to regulate the market.
This coin offering platform is a game changer all of a sudden; users with social media following now have an easy way of making money from their followers compared to previous times when users create tons of video anticipating whether or not the world would watch them.
The viability of any platform solely depends on transparency to users, sure not everything can be published to users, but vital things are necessary to keep the mind of users at rest that the recent ICO is not a means to scam people of their money.
Statistics over the years have shown that majority of platforms which just decide to initiate profitable schemes just for the benefits of users really end up a total disaster. The only statement released by the company concerning its shareholder is a band popularly known as “Boyce Avenue” claiming to have a seat on the board of directors. People who typically have everything done for them except saving suddenly are the only started members of the board of directors, in some cases looking to cover their tracks.
For a company of such structure to take a turn like that after running for a couple of years and suddenly promise a turnaround of operation, especially for the benefit of the registered users is typically not as it seems.
The marketing aspect of the whole team seems to be very excellent, I mean it typically bodes well for both investors as well as the company. As from the investors’ point of views, such a step can only be taken by a company that is not only registered but also has a history of gradual development in which such development would have a financial backing.
Taking a look at the team presented by the company, it can be seen that there is a couple of loopholes to be looked at to back up the fact that truly, the new Quizando coin offering platform is a very questionable investment. Very doubtful at that without a second thought about it.
A corporate structure of various departments that contribute to the company’s overall functionality with provincial departments, including marketing which is the major standpoint of the company in question finance operation, IT and human resource with other small departments depending on what structure is in question. Any organization without the necessary backbone for a scheme are either hiding something or do not need it as it is not part of the plan since it is not necessarily long term as they make the investors believe.
Now working through the white paper, it happens to be that majority of the departments highlighted was available like the Chief marketing officer, Chief operating officer, Technical consultant, Shareholders, Adviser & Operating Advisor and many more with the omission of a Financial Advisor which is the backbone of any establishment which majorly deals with public finance.
Overall, this whitepaper does not have a face. It simply shows a financial establishment which promises to change the life of the social community which runs under the platform as well as those who wish to. Basically, this investment typically spells two things luck & timeframe without any consequences attached to the imminent failure of the proposed development.