SPINDLE - a pig in a poke?

How the ForkNews editors study new tokens.

We came across a message about the SPD token on a good resource.

The article said the following (our translation)

BLACK STAR & CO., Co. ltd announced that as part of the SPINDLE project, which it is promoting together with its partners, its SPINDLE tokens (SPD) have been admitted to listing on four cryptocurrency exchanges around the world, including HITBTC, Yobit, BTC ALPHA and Livecoin.

"We are targeting high turnover and will strive for this together with our ZETA platform. This listing will increase the liquidity of SPD and will benefit the project. Project SPINDLE/ZETA was initiated more to encourage investment among the public than for large investors, and now we have taken the first step towards achieving this goal,” said the company representatives.

BLACK STAR GROUP (US and Japan) expert teams with decades of experience in the financial industry are promoting the SPINDLE and ZETA project, with the goal of changing the future of cryptocurrency retail trading. The platform will use Blockchain and other modern technologies to achieve this goal.

“Admission to listing SPD on these exchanges is just the beginning, we intend to enter other exchanges around the world,” say the platform developers.

Further to the end - editorial notes.

Since we have never heard of this project, we decided to delve into others sources.

Actually, the goal of the project, rather vaguely, is defined on its official website.

"The SPINDLE project seeks to give people who do not have much experience in investments the knowledge that investing and asset management is a pleasant way to enrich their lives with the help of SPINDLE and mind...

SPINDLE is the world's first investment/asset management platform where there is no central authority, so more people can enjoy investing or managing assets on equal terms.SPINDLE believes that everyone can invest in various investments with clear intentions and goals, not only to achieve traditional value, i.e. profit, but also to enjoy a self-sufficient life and a sense of richness in life and mind thanks to your investments and contributions.. The SPINDLE project strives to enable as many people as possible to enjoy a life of abundance through investment and asset management, as well as to free themselves from the traditional exploitative social structure, which is based on central power."(end quote)

We also found a mention of the ZETA platform from crypto blogger Vitaly Kamenev on golos.io.

Quote:

"The main goals of ZETA are expressed as follows:  

1. Autonomy. To create autonomy, ZETA is trying to create a fair platform that allows a large number of people to enjoy a rich life through investment and asset management.

2. Credit assessment with automation. Centralized credit rating databases created in large countries and companies already exist in 2018. One of the goals of ZETA is the automation of the credit scoring system, that is, the automation of credit scoring by autonomous people. Irremovable data on credit transactions without any possibility for free intervention by the authorities will make the main data more than necessary in the cryptocurrency economy."

Apparently, the crypto blogger found himself in the same situation as we “It is clear that nothing is clear.” But he did not retreat, did not give up, but gave out the same mantra about “rich life.”

But the editors of our site were especially impressed by the article on the same golos.io, the author of which (for obvious reasons) wished to remain anonymous.

Quote:

"SPINDLE believes that creating objective relationships between investors and asset managers is the best method to remove the obvious investor hesitancy regarding investments and asset management, and the underlying permeability and reliability of information will act as an incentive for more people to invest in intensive assets. In real time, the investment option in Spindle is to invest in a mass digital currency manager, but in the future, promising startups wishing to receive funding and processing will be added to the list of investment options.. The currency used in the Spindle token remains constant due to the small number of tokens that will be distributed at the beginning. This guarantees that the tokens are measured and have every chance of simply liquefying."

After brainstorming, we came to the conclusion that BLACK STAR & CO., Co. ltd is simply for all the good against all the bad.

And this is good for us personally, but bad for those who want to invest in this cryptocurrency.

And it wouldn’t hurt for all of us to re-read 5 types of crypto scams.