Review on Horn Exchange by Sudais Quadri
Horn Exchange has gone offline !!!
Of recent, Cryptocurrency exchanges have started gushing out of Africa. This is a very giant step in the African Blockchain Industry even the world at large. But how many of these African Exchanges are actually living up to their users expectations? Howany of these exchanges have been able to stay long in the crypromarket without closing? Well, just a few. Most of them usually close up when they run bankrupt or if they have a server downtime. Atimes they pretend like something technical has happened hence they run away with users funds. After discovering this exchange i was in a bit of a haste to check it out. Horn exchange is an African Cryptocurrency exchange priginiating from Somalia, it was said to offer fast and reliable crypto and fiat exchange but it is unfortunate seeing a recent update on their website(a screenshot below) aaying they uad a problem with theor Remittance, hence they will be down pending the time everything is fixed. But i am personally begoning tovlook at it as an exit scam, why would the exchange just leave without making it known in the Telegram channel, i checked it out but the whole content was in Somali.
Pros
- At least there is a Telegram channel
Cons
- The Telegram channel is in Only Somali
- I would consider it as an exit scam because there wasn't any form of prior announcement therein
- Apart from telegram, it has no known social media where it can be reached
- There are other exchanges that had payment issues but didnt close down i dont know why Horn Exchange is different
