Wednesday, October 28, 2020
No menu items!
  • News
  • Cryptocurrency
  • Contact Us
More

    Charles Hoskinson Distances Cardano (ADA) From MLM Campaign That Targets Chinese Rich Farmers

    Must Read

    JP Morgan Says Bitcoin Is Poised to Triple Its Price as BTC Challenges Gold’s Status

    Bitcoin (BTC), the largest cryptocurrency by market capitalization, has been exhibiting a price bull run over the past few...

    IOTA Joins Japanese Government on NEDO Project to Protect Critical Infrastructure with AI and DLT

    As a report has it, IOTA Foundation has partnered on a project initiated by Japanese maintenance-related companies and funded...

    David Schwartz Says Ripple Is Making Strategic Adjustments to Enhance XRP

    The Chief Technical Officer at Ripple, David Schwartz, has recently stated that the payment startup is making “strategic adjustments”,...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    The CEO of IOHK, Charles Hoskinson, has a couple of hours ago distanced himself and the Cardano Foundation from a multi-level marketing (MLM) campaign that targets Chinese rich farmers.

    This came about some hours ago, after a supposed Chinese descent, Molly, hinted at a conference hosted by 8btc, where a group of elders bought a banner with AD roadshow written on it.

    Molly wrote:

    ADA is ranked no.6 now, after it got shilling to the old farmers by MLM. There’s a conference host by 8btc today, bunch of elders bought a banner written AD roadshow, they took a photo every quickly and left…

    She then shared a video of the multi-level marketing (MLM) displaying Cardano (ADA) to the old and rich Chinese farmers.

    Charles Hoskinson Responds

    In response to Molly’s findings, Charles Hoskinson asked her to send more details of the fake activity to the Cardano Foundation, stating that the Foundation has nothing to do with the event

    “Could you send what you have seen to the cardano foundation. We have nothing to do with this event. It appears to be a scam and they are using our pictures and logos without permission,” Charles Hoskinson responded.

    Responding to Hoskinson’s inquiry, Molly pointed at the video recorded, using IOHK CEO’s image to promote ADA to the old people.

    Sure, but I don’t have the contact of Cardano foundation, there’s a video recorded that they even used your photo to promote Ada to old people.

    Reacting to Molly’s further proof, Hoskinson said she shouldn’t believe that the event has any connection with the Cardano ecosystem.

    Charles Hoskinson noted:

    I’ll have someone contact you. Please do not automatically assume these types of events are coordinated by us. They are also done with every other top ten cryptocurrencies. They are scams. I really do not appreciate the implication.

    These events have nothing to do with ada or its recent appreciation. They are illegal. The people running them often just take the money and run. You know I have nothing to do with them. They have no affiliation with anyone in the Cardano ecosystem. Is this clear?

    Hoskinson also shared a video on YouTube moments later, warning Cardano and crypto community members to beware of any MLM campaign disguised to be related to Cardano (ADA).




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    JP Morgan Says Bitcoin Is Poised to Triple Its Price as BTC Challenges Gold’s Status

    Bitcoin (BTC), the largest cryptocurrency by market capitalization, has been exhibiting a price bull run over the past few...

    IOTA Joins Japanese Government on NEDO Project to Protect Critical Infrastructure with AI and DLT

    As a report has it, IOTA Foundation has partnered on a project initiated by Japanese maintenance-related companies and funded by NEDO, (New Energy and...

    David Schwartz Says Ripple Is Making Strategic Adjustments to Enhance XRP

    The Chief Technical Officer at Ripple, David Schwartz, has recently stated that the payment startup is making “strategic adjustments”, in order to bring the...

    UK FCA’s Stance about XRP That Makes Ripple to Consider a Move to United Kingdom

    Brad Garlinghouse, the CEO of the cross-border payment firm Ripple, stated that the startup is considering moving its headquarters to the United Kingdom. In a...

    Ripple CEO Brad Garlinghouse Kicks against Coinbase’s New Apolitical Policy

    NewThe Chief Executive Officer of Ripple, Brad Garlinghouse, has condemned the policy of the US-based cryptocurrency exchange, Coinbase, which prevents its employees from airing...

    More Articles Like This