Saturday, 2 September 2017

Is Auctus crypto coin a scam or will it make management of pension funds more efficient?

The crypto currency market has passed the 100 billion dollar mark and a lot of people are considering investing in crypto currency to secure their future. It is important to make the world of pension funds better, both in terms of technology and market health. Auctus promises to bring a unified platform which would be used to manage pension funds with higher levels of transparency and easier auditing. At least that is what they say on their website but there are many red flags that indicate Auctus is a scam. There is massive need for transparency in management of pension funds which can be solved by using Ethereum smart contracts and blockchain. By using both simultaneously, Auctus will be able to management of pensions more efficient and reduce costs at the same time. That is what it says on the paper but would you want to invest in an ICO that has empty reddit and almost no activity on github?