Review on Dorado by gregori cordova
A revolutionary idea that became a scam
Dorado was a project designed to take advantage of the enormous potential of the global delivery industry that is increasingly growing and represents a market of more than 220 billion dollars. The project aimed to develop tools that would change the way in which products are ordered, chosen and delivered on a large scale using artificial technology from the Hyperlocal platform built on blockchain, as there are more and more people with a more modern lifestyle and who want have the products that they order online quickly and efficiently, be it a meal in a restaurant, drugs, electronic products, or even order a pizza.
All this could be achieved with artificial intelligence since they help to collect personalized information combined with external factors that are essential to deliver quickly, avoid delays and meet the needs of the most demanding customers, providing a successful and innovative delivery in the market.
But behind all this good news and innovation, there was a large-scale scam scheme. The founding team had a very bad reputation for having been accused of money laundering in Lithuania and they caused one of the companies that was associated with the Dorado project called Wooopit, to go bankrupt after acquiring it which caused a lot of distrust in the project which made Your associated token will drop 99% in value in a matter of hours. Noticing this abrupt change, investors asked the administrators in the telegram group for an explanation, they silenced the chat, changed the name of the administrators, and excused themselves for what happened saying that they had nothing to do with market volatility and that they it was only employees and they were not responsible for losses. A short time later, due to the avalanche of complaints on social networks, they closed the website, and all equipment documentation and technical data that appeared in it. The most brazen thing is that months later the CEO of the project Jonas Karosas, started a project that would specialize in launching successful ICO's (a total nerve)
Pros
- The overall idea was very innovative, and they could have brought good service to the market.
Cons
- The ico in February 2018 collected about 3450 ETH in a few hours from more than 2300 investors who were seduced by all the promotions they offered: a 3% bonus for referrals a 33% bonus when buying the tokens (something that never happened )
- They entered into a partnership with the Leading Robotics Association, which later separated from them due to suspected fraud.
- Part of the team had a history in Lithuania for money laundering.
- The project token lost 99% of value in just hours
- Shortly afterwards, Telegram administrators continued to say that the team was still working hard to restart the project, something that has not happened to date.
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Comments (1)
February 03, 2021
There are allegations that the project developers announced it before it closed. What do you think about this subject
You've probably updated your review on them and we're waiting for you.
