Let’s keep this article short, as its fairly obvious why Avesta’s ICO won’t work out.

Quick overview

On their website they state that they want to make cryptocurrencies easy to use and enabling the use of cryptos at PoS. They claim to be “part of a constantly worldwide growing community with cryptocurrency enthusiasts, developers and investors”. Now that is the most original and revolutionizing goal I’ve ever heard!

Really?

No of course not! They are basically a bad mix of Worldcore, Wirex and eBanking.

Why won’t Avesta work out?

To be honest, a quick glimpse at their website will suffice. I’m not saying that it’s appearance is a deal breaker, but it reflects the professionalism of the team. Furthermore, if you read what they wrote (provided you were able to understand the gibberish) you will most likely agree with me – they don’t have a clue what they’re talking about and its full of grammatical errors!

Let’s take a look at their whitepaper as an example:

The Avesta Whitepaper
Blockchain mining makes it “advanced”???

They have a bad team

It goes without saying that one developer won’t be enough to “make cryptocurrencies easier and integrate them into PoS”

Ridiculous roadmap

In its current state, Avesta will never be able to launch on Jan. 2018 – they don’t have anything yet, the “app” showcased in their app was probably made using MS Paint!

More?

I could go on and on, but I believe that my point is made. For a good laugh, you can take your own look at their site and try to find as many flaws as you can :)

Conclusion

Nope. This won’t work out. However, if you would like to invest in a similar ICO/Coin I’d suggest you read our articles on Worldcore and Utrust

Disclaimer: As all “Scam Alert” articles, these posts solely show the authors opinion. Please read our FAQ for more details.

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Scamyin
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Scamyin

Seems like Aydin is on the run. Little rat fuck. He’s too scared to go to thailand again. His wife just got a 2nd baby and he wasn’t there. What a fraud.

F. Farhoudi
Guest
F. Farhoudi

Avesta MR. AYDIN FARHOUDI MOGHADDAM created a Thailand based Board of Investment to launder his crypto funds and other stolen funds.
And is currently fleeing an arrest warrant put out by the court for fraud, money laundering and forgery.
https://www.boi.go.th/upload/content/KN24NO63K38%20%20(Autosaved)_Eng_5b4d9b38ef079.pdf

With Belgium and Spanish Nationality (His Wife) is also implicated in the fraud. Anyone who knows the whereabouts of them please call your local police office.

D. M.
Guest
D. M.

As a potential investor Aydin Farhoudi Moghaddam contacted me as we we’re acquainted from our Study period. He got me an offer to join his fintech company. Related to Avesta for payment solutions. We made a partnership contract both signed and I paid my part (big sum) to Aydin Farhoudi M. and after that he went silent and doesn’t hold up his end of the deal. Now a year after this deal still no word from Aydin, as I am pretty sure the money is lost and the contract fake. I would like to warn everybody to stay far away… Read more »

y
Guest
y

aaaaaaaaaaaaaaaaaaaaaaaaaaand it’s gone

t
Guest
t

https://avesta.io/en/avesta-is-launching-its-new-exchange-platform/

Q4 2018
Trade Avesta tokens and other cryptocurrencies.

Time proved.

“Avesta is a SCAM”

invisiblesfx
Guest
invisiblesfx

Is the first ico
Which can raise fund 5-10M usd
But with a single development team
And there is no sales market
The old team that was seen was fired.
Can speak now, “Scam ICO by AVESTA”

j
Guest
j

so avesta announced an exchange. but yet they ain’t listed on another exchange. whoever deposits anything there will be scammed for sure. aydin will appear in criminal court around christmas. fucking sick scammer.

Kenneth R Hammond
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Kenneth R Hammond

There is probably a ton of information on how this coin is a scam but the thing is, it is not a scam. Let’s just say that what you are mining is not real. The team was asking around for someone that knows anything about blockchain tech. Meaning there is no blockchain. You are mining nothing. What you see as an explorer is fake and so is the amount of Avesta you are “mining”. Save your energy and head to another coin.

EX-Avesta-Team
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EX-Avesta-Team

The whole Avesta Team stepped away from the project as soon as it was clear that Aydin and Ashwini with their main Developer were scamming people. They found out Aydin was taking 80% of the coins from the ICO, and 50% of the coins that were released by “Mining” An update on the Mining address of “Aydin / AVESTA” https://ethermine.org/miners/809e8fbaef53ce95c2e363afebf9657a92a0f3c7/dashboard Aydin is using the hashrate of his miners on Avesta to Mine Real crypto for himself. And he does a batch-payment each day and randomly pays the miners some AVE coins that have no value. So Aydin gets real coins… Read more »