Beware … a fraudulent project claims to be linked to the “Cardano” project
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Answer Beware … a fraudulent project claims to be linked to the “Cardano” project
There are many fraudulent projects that imitate the real project name to gain some users who were referring to the original project.
Recently, the Cardano Foundation designated Cardano Gold, a modern crypto project that provides functionality and features for credit cards via crypto.
He called the project a “scam” and “illegal” in a tweet posted by the Cardano Foundation.
#cardano Gold is not related to us in any way. It infringes our trademark and infringes our registered TM. Cardano Gold’s use of our brand is illegal and we urge you to beware of it #scam.
– Cardano Foundation (CardanoStiftung) November 6, 2019
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Project E Cardano is a Switzerland-based “Proof-of-Stake” blockchain that uses peer-reviewed research to help bypass issues affecting projects like Ethereum and Bitcoin.
The project was created by Charles Hoskinson, one of the founders of Ethereum.
In contrast, the Cardano Gold project was not created by Charles Hoskinson.
The Cardano Gold project promises to offer a credit card for cryptocurrency, and claims to offer something called a “smart comparison matrix” that provides the best conversion rates for debit card users.
The native wallet app supports many currencies including:
BTC, ETH, Litecoin, Ripple and Dogecoin.
“Cardano Gold” is currently conducting a mass sale, with a unit value of the project currency at $25.2
Already 9.4 million units have been purchased out of a total of 77.5 million units.
Selling the “Cardano Gold” token promises to put 50% of the proceeds into research and development, and 20% for the team.
The Cardano Gold project says they’ve looked like they’ve been around since 2017, but the Wayback Machine is tracking their web page creation which shows they’re lying.
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Also, some of the names that were listed as consultants for the project denied their affiliation with the project, including “Arnab Naskar”, who stated:
Scam… I have no affiliation with cardanogold.org It looks like a scam I am listed as an advisor.
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while Tell Enrico Campanol, who is supposed to be the “CEO of the project”, says that he has nothing to do with this project and that it is just a scam.
Campanol emphasized that he is the head of sales for a large software company, not the head of Cardano Gold.
Campanol also added that he plans to take further action to treat the problem, but did not say if this would involve legal action.
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