Review on Invacio by gregori cordova
the great AI capabilities they offered weren't that smart at all
invacio was a project aimed at enhancing the capabilities of Artificial Intelligence and Big Data. This technology that is appearing everywhere lately is not very accessible for most users and requires a large investment in programming knowledge, analytical models, which are not an easy task for companies. Invacio intended to solve all these problems with an application programming interface service which could efficiently analyze data throughout the web, with the possibility of accessing preconfigured analysis models or making projections in market movements through a platform that make the benefits of AI more accessible to any company that requires it. They not only offered this great innovation in AI but also had several products: an AI-based banking system called Tamius, a social network where you could send encrypted messages, called Invacio Network, a hedge fund, called Aquila, and of course their own Ethereum network-based utility token, Invacio coin
All this range of products offered by Invacio, began with an ICO in March 2018 and ended a few weeks later offering a huge amount of tokens, which then had to be burned at the end of the initial offering and caused a lot of controversy because there were accusations that they were using an investment claim of around 500 million dollars to attract investors, which made them begin to suspect that something was not right which was a fact and the SEC had to intervene.
Pros
- nothing
Cons
- it offered the possibility of rewarding investors who bought the coins and kept them frozen for 12 months, as well as giveways every 3 months where there were up to 3 winners who would take additional coins (something that never happened)
- Shortly after the ICO was completed, millions of tokens that had already been sold were being sold to investors, promising them that in 12 months they would recover triple their investment.
- He used some famous youtubers to promote this product
- William Rusty the CEO behind this project even used a $ 500 million false investment claim to defraud investors.
- The SEC intervened to paralyze this fraudulent project that was unsuccessful.
