Icosa

$ICSA

This runs on a similar mechanism to Hex and most of the Pulsechain projects. First you stake your token or coin for a promised return.

Then you get penalized if you don't claim your reward or you unstake your tokens. In this case, you get a bonus for staking for at least 5,555 days.

The site mentions is that there is a penalty for ending a stake early, but doesn't give any details on what the penalty is. There is also a NFT that you can purchase in which the last person in the NFT pool gets all the rewards. If a few people hold their NFT forever, then nobody will get paid. It doesn't make sense.

The fact that there is no whitepaper or detailed documentation is a huge red flag in itself. The mechanics of the staking and rewards are also overly complicated, leading to a lot of confusion...which might be intentional.

Beware! Show Less

 3
2024 Cyrator - Crypto Research Community

Disclaimer: The content presented on this website, including any analyses, reviews, and ratings, is provided for informational purposes only and should not be considered financial advice. Cyrator does not endorse or recommend any financial transactions or investments based on the information available on this platform. Visitors to this site should perform their own due diligence and consult with a professional financial advisor before making any investment decisions. Cyrator is not liable for any actions taken, financial or otherwise, based on information or links from this website.