My sister showed me this project that claims it’s decentralised and you can mine their coin directly from your phone.
I visited their website which looks sketchy, I’m a freelance Brand Identity designer myself and a bad UI is a red flag for me. (For others, not used to how design works, compare [PiNetwork](https://minepi.com) to [Stellar](https://www.stellar.org), you’ll instantly understand what I mean) The app is no different.
They state everywhere they can that their founders are Stanford’s graduates. Like Everywhere! Website, video, app, whitepaper. That’s another big red flag for me. If you’re a valuable person, you don’t talk about your accomplishments, you let them talk for you.
And on their website they show only two people in their team, which is sketchy. Only two?
They have a whitepaper full of goals, but with 0 technical details. This is a huge red flag again.
But the biggest red flag is that the users mine something that isn’t listed on any exchange/website. It’s like the coin doesn’t exist anymore or ever existed.
Does anybody have any more info on this? How are they making money with this though?