KuCoin Global partners with authoritative institutions and media in the industry is going to launch "Project Pinocchio", also known as “Pinocchio Integrity Plan”, aiming to establish a credible project review platform to promote self-discipline and integrity in the industry.
This program will establish an integrity index as a reference standard for the industry using multi-dimensional measurements, including moral hazard assessment, data analysis, public opinion monitoring, transaction history, project development, etc. The ultimate goal is to develop a non-profit credit review DAPP that can maintain integrity through technology, based on robust blockchain technology and strict regulatory compliance.
The phase 1 list of suspicious projects on Apr 3rd 2020 is as follows (regardless of ranking):
Pinocchio Projects | Category |
Spokkz | Breach of Contract |
FCoin | Insolvent |
PlusToken | Ponzi Scheme |
BitClub | Fraud |
MineStore | Frauds |
BHB | MLM |
GECChina | MLM |
WoToken | MLM |
MB Chain | Illegal Fundraising |
BeeBank | Insolvent |
Members of Project Pinocchio (continuously updated, regardless of ranking):
KuCoin Global, Cointelegraph CN, Jinse.com, ChainDD, DeepChain, ChainNews, BTCmanager, Cryptodiffer, DASH, Decenter, Digital Renaissance Foundation, J.M Consultancy Services, Newsbtc, PANews, Republic.co, TokenInsight, Blockbeats, Qianba.com, ODaily.com, Huoxing24, CCValue.com, Fenchao666.com
Since the launch of "Project Pinocchio", KuCoin Global has successively received multiple joining and reporting emails. Thanks to all participants in the industry for their support on this program. KuCoin will adhere to a fair, impartial and authoritative review mechanism to review all email content.
Please send all submissions to pinocchio@kucoin.com