In short: STAY AWAY!
I followed this project in early stage and have been active on their Telegram and attended their AMA's. Their website seemed legit, the whitepaper seemed SMART and the tokenomics looked interesting. I did miss their Angel sales, where the buy-in was about $0,009 per token.
The team was two headed CEO: Ryan Tomas & Ryan Fishoff (named now lead strategic advisor), both situated in the US. They have a developer named Shawn, situated in Africa, which is also for the rest of their team who are were mentioned on the website. I say were, because I cannot find the information anymore, for a good reason which I will mention later on. Their marketing is done by Crypto Kid Finance & Crypto Ellis on YouTube, and Shawn is in contact with some graphical designers. Everything seemed to be going well. Around March 1st they already raised $3M and the Telegram was really active and hyped (mainly driven by a 10 headed admin group).
First signals The first doubts and trouble started when some investors found out that one of the CEO's Ryan Fishoff was charged on 15th March 2023 with $100.000 by the FBI for security fraud in a pump and dump scheme during his CEO period at American Premium Water Corp. Admittedly in a AMA he responded with sorry and he did no expect this and the recent news overwhelmed him too. During that time he was also hired as CMO for eTukTuk, who fired him shortly after finding out about this news. That letter was shared on their TG. In the AMA who followed up 1 week after this news, Shawn (the dev) started taking the lead and told people that some need a second chance. When others respectfully told him it does not make sense as it would tear down the reputation and it is not trustworthy, he started raising his voice and explaining he turned his life around (he is early 20's) since he was a ex-convict and his team could back him up. It shortly after became really tense and the first drop in members on their TG started to happen.
The restlessness has never stopped. Many started FUD in their TG and on their Twitter as they lost trust and respect for the way things went till now. They couldn't believe the way they were spoken to and that they kept Ryan Fishoff in the team. They changed his intern position from CEO to lead advisor and the team section has been removed from their website. Many doubt if he actually does something else than he was initially hired for. Good to mention is that both have no knowledge in crypto and completely relay on Shawn's "expertise".
Pre-Launch time Pancakeswap and Bitmart were the platforms that $CCHG would launch on at 31 March. Investors were promised to claim their token on 30 March and the team and the Angel investors are vested for a period for at least 2 years. All seem fair and good and the launch price was set around 0,0255. Update on 30 March 10:00: sorry guys, claiming will be at TGE Bitmart. They will get a exclusive 48 hour launch period and during this time there is yet no traceability during that time. Pancakeswap will launch after the 48 hours. Update on 30 March 16:00: plans changed, 2 hours before launch the tokens from the airdrops and the stock percentage Angel investor will get at TGE will be claimable first. This will be on the Bitmart (?). The rest can claim 1 hour after launching on Bitmart. Short after: hell broke loose. This was unfair and reeked like a inside job.
Launch day and after The feeling of inside job was correct. The launch price has never seen $0,0255. Myself, I could see the first price at the little spike at the blue arrow in the print screen below this post at Bitmart, when I was able to claim. Within a day or 2 it was around $0,0091 seeing a all time low around $0,0020 within a few days. That is is a minus x12. In this period the TG AMA function was used to just casual talk, as many we're getting kicked and blocked out of the TG group for FUD. The TG and Twitter by that time, as well the Coinmarketcap chat, exploded and in order to get some green candles they were talking to buy the chart. Some slipped through by telling they were leapfrogging. I had enough of it and sold my token with a loss and got out. It was a nightmare that went from promising to hell within a 3 week time.
Launch - 23 april They went from nearly 9900 to 8700 TG- members in a month period. There were promised a lot of Marketing activity's, but beside some YouTube video's from Ellis with an average view rate of 300 people per video and bad photoshopped pictures, not much has been done.
Half April there was a festival in Asia, way out of their scope, where 22bullets was paid to promote C+Charge on that festival. During his performance, there was a 10 second speech about the token. The result was obviously 0 and again negative sounds came on Twitter and the TG group.
23-25 April status They obviously still buy the chart seeing the activity, but they closed down the chat on TG and requested everybody to say positive things on their posts on Twitter and on CMC. Up until they are pleased, the chat stays closed. There are still small pump and dumps and they try to make it look like their cause is good, but they keep on trying to make profit out of new investors.
25-26 April TG members went from 8700 to 9832. There are still ridiculous high pump and dumps and I think the people took their losses by now and just left C+Charge for what it is.
So, I can repeat: stay away.
Edit: One of the early moderators, Radar, confessed that all he hears is "blabla" from the team. See print screen. He left his position.
Earlier in the chat, Shawn admitted that the bots are working hard. In other words, they use new buyers to make a profit.
Sources
Ryan Fishoff FBI: https://www.pacermonitor.com/public/case/48184048/USA_v_Fishoff
Ryan Fishoff CEO American Premium Water Corp. https://podcasts.apple.com/ie/podcast/ryan-fishoff-ceo-american-premium-water/id1399222030?i=1000429217923
American Premium Water Corp. Pump & Dump article https://www.cleveland.com/court-justice/2023/03/makers-of-cannabis-infused-water-indicted-in-10-million-pump-and-dump-stock-scheme-that-bilked-hundreds-of-northern-ohio-residents-feds-say.html Show Less
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