Unfortunately even though blockchain technology and the crypto market is an amazing breakthrough to mankind, we occasionally get people abusing the space. The Paragon Coin team gets a “Mission Accomplished” for doing just that.

We have witnessed this project rob investors thousands of dollars for possibly the worst tokenizing attempt ever. If you read further through the “full of fluff” whitepaper you will notice the planning of purchasing commercial property… This is an ICO, not a traditional IPO so acquiring any type of property would never reflect the value of the token price in any positive way.

Here are a few reasons why this token did not sustain any sort of value:

It never needed a token

There was never a reason to stake the PRG token

The whitepaper looks like an advertisement brochure

The volume is completely fake, look at the buy/sell walls on HitBTC (thin as hell there is no way 100k of volume is real)

But somehow PRG is achieving a steady $100k+ amount of volume daily?

Looking more in depth into the whitepaper we see a significant amount of funds were supposed to be used to ‘control the token price’. If control means dump the price 95% they have definitely accomplished this goal very well.

Paragon claims they will maintain price support in their whitepaper.

If you got scammed by Jessica VerSteeg and the rest of the Paragon Coin team, we suggest looking at this outstanding lawsuit against Paragon Coin.