A CRYPTOCURRENCY start-up that was designed to radically alter the fruit and vegetable industry has scammed its investors by shutting down its website and social media accounts, leaving only the word “penis” behind when users log on, it has emerged.
Website Etherscan claims that only 45 transactions were made for Prodeum Initial Coin Offering (ICO) Prodeum saw all of the data from its website, prodeum.io, taken down except for the word “penis”, and was captured just moments after investors realised they had been scammed.
The Twitter account of Prodeum has also mysteriously disappeared and the ICO’s page has been removed from Token Desk, a website that showcases new offerings.
When initially trying to woo investors, Prodeum promised to “revolutionise the fruit and vegetable industry” by utilising the virtual currency Ethereum.
It said: “Startup company Prodeum.io is about to revolutionise the fruit and vegetable industry with the use of Ethereum blockchain technology.
“People want to know if the produce they are buying has been exposed to harmful pesticides or pollutants.
“One of the biggest goals for Prodeum is to create an FDA-approved process for implementing aPLU (advanced PLU) codes onto pieces of products.”
Tokens were made available to investors on the Ethereum blockchain earlier this month – the idea was originally put together in July last year, according to a press release from the ICO.
However, it appears the scam was not able to dupe as many people into handing over their cash as Prodeum hoped – the ICO tracking website, Watchlist, revealed that the suspect investment only reached 19 per cent of its funding goal.
The ICO was listed as a “scam suspect” by the website and shows the logo used by the scam as well as disclosing its origin location as Lithuania.
Prodeum offered two types of tokens in its short time on the market in the form of PRDM and PIIT – the former was used to fund the idea while the second was utilised as a reward for consistent user activity on the platform.
Website Etherscan also claims that only 45 transactions were made for Prodeum.
The LinkedIn profile of Petar Jandric, who was listed on the ICO’s white paper as its Senior Ethereum Developer, has now been removed.
A user with a racist username, claiming to be behind the scheme, declared on a forum that he “only made $3,000 on Prodeum”.
Doesn’t look like @ProdeumProject is sticking to the roadmap.https://t.co/qDsnJdlufL pic.twitter.com/w61XRZfR18
— The Blockchain Dog������ (@TheCryptoDog) January 28, 2018
He wrote: “I hope you guys understand and I hope you’ll accept my apology.
“They were babyscams and I only made like $50,000 off of you guys in the last month.
“That’s a forgivable amount, right? I mean, there are millions on here.
The word was captured just moments after investors realised they had been scammed
“I just want to announce my resignation and that I won’t be making any more s***** scam sites anymore.
“I jumped for joy at my first $100 made from scamming.
“I sang to myself when I made my first $10,000 with bitflur… and Magnalis made me a lot.
Prodeum promised to utilise the virtual currency Ethereum
“I put zero effort into Prodeum though and that’s where I know to stop. I only made $3k on Prodeum and I consider that a failure.
“Plus I s*** the bed with the scam team too early.
“Remember that all ICOs are scams. Thanks again guys.”
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