Initiative Q – the future of payments or the elaborate scam? The investigation.

by birtanpublished on August 28, 2020

Hello descriptive coins and welcome to my investigation about initiative key basically they have been gaining quite of traction on social media recently I'm trying to investigate whether the legit or scam or something in between as always thank you very much for watching

This video and I hope it will be useful indeed first of all going to see what exactly is initiative queue so like I said before they are gaining a lot of traction with a lot of activity on social media mostly likes of Facebook

And Twitter it does seem that of people that are not familiar with cryptocurrencies see initiative kill as a new Bitcoin with a chance of getting rich the premise of the initiative queue is building a new payment network now in

Order to adopt it they're giving away very significant sums of the future currency to token to early users basically giving away free money but the currency is cute and basically they're trying to make that

Cue token into one global currency now their way of generating hype and encouraging early adoption is giving away those freaky tokens and actually give me a very significant amount of money and the way they look at it is

That this is the only way the new payment system can actually be built now according to the roadmap diene network launch is expect to happen at the end of 2021 so it's gonna be a while before it's up and operational and the team

Does state on the website that there is no guarantee that any of those steps from the roadmap will be actually completed which is a bit of a red flag straight away now how they are trying to achieve it and how will the payment

Platform work so first of all issues of Q they use a referral system meaning users will need a referral code to actually apply for the spot with the Q currency so that means you need to invite from someone else to become a

Member know the person that actually invited you needs to verify the registration so this way they ensure that the people are actually JIT and not fake once users are improved a certain amount of Q's will be reserved for them

And they will get their own referral code that they can use to recruit a limited amount amount of new people who in turn can then verify as well and those people can obviously invite their own friends that kind of creates a web

Or you can call it the pyramid of new people and obviously I believe the more people to invite the more you gonna get so there's an initiative to do as well registering allows you to reserve specific amount of the currency the

Current work is constantly displayed on the website so again I see this you know it's not very sincere because they cannot guarantee that this is how much the key will be worth but obviously it's supposed to encourage the registration

Now the queue will be the unified system for payment sales and transfers basically gonna work anywhere instantly and the aim of it is to be used in all territories avoiding the needs for exchange currencies for hefty fines

Pretty good idea but I'm not sure about the execution to be honest now how legit is this project we need to look at the credibility first of all today initiative queue was created by a fella called SAR wolf now he does have some

Experience with startups as well in the payments world now the website claims that the initiative Q team compromises top experts in payment system micro economics and internet technology now sounds good but there are no names

Details about who the members are so the team is basically anonymous that's obviously a big red flag since we have no means of verifications whether the team is capable of putting this grand project off and it is a huge project now

On the website it does say that they will start recruiting more once they have more team members but obviously there is no guarantee that this will happen obviously they're gonna record more the more people register for the

Project on top of that there is no details about the funding of projects like that will crew cry all the funds to build and they didn't have any information about any venture capital for example in there now there's also no

Platform or any kind of proof that the system is in the works no it would be no Alfaro obviously no beta versions either they're basically getting people to sign up first and then build everything which

You know it's not a great way in my opinion doing things they should have at least something they can show now what is the plan for the project so all of that means that initiative Q needs millions of members to persuade

Investors to invest real money and only once the cash is in place the team can be recruited and the network actually possibly might be built the other aim of the project might be collecting lists of people combined with

Their email addresses and their close friends basically creating a network or web of people personal data is are she worth a lot of money and since the registration will be confirmed whoever won would like to buy this data knows

That this is a legit data because majority of people will be confirmed by others so there will be real people now this makes this list very valuable for advertisers for example because those might use this legit data for targeted

Advertisements now sending does this is one way that initiative key could actually theoretically make money now if they use that money for the actual project are they supposed to is really a another story in the mind just collect

The data sell it and then use the money for themselves now the actual implementation little project is really far away so most people will probably forget about anyway even if the project is a scam and

Nothing is implemented something to remember as well don't expect of public outrage if four years from now they say well we didn't do anything see ya which leads me to the conclusion and it's not great so we should if you

They do not have a working product very vague plan and project description the basically just trying to use fancy words for you to register now the team is anonymous the funding of the project is not explained either now on the other

Side there is no clear proof that the initiative is actually the scam even though there are red flags that may just project very hard to treat series now it all comes down to how much you value your personal data

It is not ICO they know that is not ask for your money if they just ask for your personal data now for now they only need names email and a password obviously if you're just doing their I would suggest to use a unique password instead in the

Case this is an attempt to steal accounts I really wouldn't be surprised they did ask for more in the in the future from people that registers now my opinion there is no clear advantage of the idea

Of this payment platform when you compared to some of the cryptocurrencies that we have there is no use case for the actual queue token which makes it less viable for example like like the cryptocurrencies like cerium Saini serum

Obviously is a payment part payment currency for the platform that it's running now a Bitcoin has also advantages you the first mover advantage also do we do have project like request Network or you trust that do you have

Similarities and are also further in development so even if it's not a scam I just don't see the point of the project and I don't see how it would take off it's an interesting idea but I don't really see the point of it now if you

Still believe in it feel free to register and I mean they do not ask for any money but I personally would not do that just my opinion though as always make sure you do your own research before you do any investing or any

Registrations for anything as always thank you very much for watching and I hope it was useful I hope you have a lovely day or evening or whatever and I do love you Cheers and bye

Related Videos

Hello the Republicans and welcome to another video of my cryptocurrency news series where I'm looking at the news that happened last week now today's 28...
What's up crypto gang welcome back to another episode if you guys are doing here we do a giveaway at the beginning of every single episode and today's w...
What's going on guys crypto jeremy here back with xrp video hope you guys have a fantastic day thank you guys so much for tuning in to another video and the...
What's up guys kevin cage here just wanted to do a quick market update on this monday so as we can see ada ada is down 11 today we noticed that it is coming...
Hello the Koopalings and welcome to another video in my cryptocurrency event overview series the aim of the series is to find any upcoming cryptocurrency events...
Ladies and gentlemen people of the internet welcome back to yet another episode of crypto over coffee hope you're doing well today and if you're new her...
Hey guys welcome back so first of all I want to start as usual by thanking everybody who's been liking subscribing and sharing my content you're helping...
Hi i'm brad garland house the ceo here at ripple it's an honor and really a privilege for us to be one of the founding members of the international asso...
Hello the cubicles and welcome to another video maker of the currency event over the series the aim of the series is to find any upcoming the currency events an...
I have to apologize to everybody because I've been promoting a company who only has their best interests at heart top salesmen best interests at heart and n...
It is Monday and you know what that means another episode of Krypto segments what's going out everybody it's your boy Krypto Bobby I hope you were havin...
What's going on everybody Alex back was another cryptocurrency video but today we're going to be talking about how to control yourself how to emotionall...
Hey guys welcome back first off I want to thank everyone who's been liking subscribing and sharing my content you guys rule and I appreciate all the constan...
Live from the USA hoping you get paid every day this stuff boasts a Bitcoin the crease though of creeped up is avoid BK and if you don't like me you must no...
Okay come down here boom that would be picture-perfect beautiful guys look at this we actually have this candle come down right on this line right here right ab...
Wow you guys are going to want to check this out guys as you may know Bitcoin has decreased a few hundred dollars as of about midnight last night we have some i...
What's going on guys crypto jeremy here back with xrp video hope you guys had a fantastic day thank you guys so much for tuning in to another video today&#3...
Hello tokens and welcome to another video nice update now today's third of June and I'm looking at news that happened from 28th of May until today I alw...
hello it's Brad Lori or blockchain Brad and today we're speaking exclusively with icon many of you know it you've known it for years and they'r...
People what's going on this an update on Tron all right so the market right now market cap is 431 billion we've got a Bitcoin dominance roughly 34 perce...