Barely 90 days after being warned for engaging in illegal activities by the Securities and Exchange Commission, Inksnation is still operating and sending invites to get more people to buy the non-existent coin.
Nigerians have been warned by SEC that there are solely responsible for any transaction or investment with Inksnation. Nothing can be done if it crashes.
SEC had to interfere and warn Nigerians because many fall victim to what Inksnation claims to be the “World’s first charitable trust DAO.” They said they could eradicate poverty through wealth distribution in nine months.
The Stakeholders in the Blockchain Technology Association of Nigeria have labeled Pinkoin as a scam. However, there are no significant changes because many Nigerians are getting the coin. One Omotade Spark identified as Universal Daddy Inks stated that SIBAN also did something similar to BTC when they tried. He also thanked SIBAN and said sarcastically that they are for once doing the right thing.
It is incredible how Inksnation gets more followers and sell their unrealistic scams despite the warnings.
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