Review on 4NEW by badinsky's life

Name: 4NEW
Item: 4NEW
Rating: 1

January 14, 2019

Basically, the idea of 4new is not bad. The idea of converting garbage into…

Basically, the idea of 4new is not bad. The idea of converting garbage into energy and thus mining Bitcoin would have potential. It would create an "ecosystem" that goes hand in hand with the environment and Bitcoin.
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Pros

Right now, there are no good pros.

Cons

The team is completely inexperienced. The members have no high technical knowledge of Bitcoin and neither Ethereum and and have no waste incineration plant as a partnership. Their staking process, which they already offer, promises very high returns, which are not justified in the current process of the company. Your staking option is not linked to a Smartcontract, but the 4new token is simply sent to the 4new Ethereum address. This means that 4new has the full right about the deposited tokens. The Founder Varun Datta has not yet kept any promise regarding the dividend payment nor to disclose the financial situation of the company. In recent months it has come out that the president of the company Saransh Sharma is in prison in the USA. Varun Datta, the founder of the company, has also been entangled in this accusation with various untrue statements that have not yet been clarified. So under the final line: This company has a lot of red flags.