ALepy is a new Blockchain powered social media platform which rewards users for uploading, viewing and interacting with content.

ALepy mimics Steemit excerpt that the nature of its operation leave one important question; is ALepy a Steemit competitor or a scam.

The project was announced on 7th of September 2017 in a Medium blog which was rather too short. The motto is;

Turing fun to fund.

What is Alepy?

https://www.youtube.com/watch?v=mgqeCFD_mN8

The Pre ICO is live and this could be a scam

Despite the fact that the ALepy project was launched just days ago, the pre ICO is already live and will be ending in 28 days time from today. Tokens allowed are Bitcoin, Ethereum, Litecoin, ZCash, Waves and Dash.

This hurry to raise funds from a PRE-ICO without any verifiable team, product blueprint or reputable media coverage makes us suspect it could be a scam.

The project was launched today and the ICO is already live. Even on the official announcement post, there are 2 typing errors of wrong placement of punctuation marks - something not typical of professional work.

This is the rather short announcement post, would you believe this quote is the entire post?

A decentralized Social media system that’s built on blockchain. Alepy simply means “Turning Fun to Fund”. You earn while you socialize with others in the system from all around the globe. Freelancers, blogger, content developer, photographer, video editor, just think of anything it takes place within the ecosystem. Convert your Rewards to Token, exchange to other currencies., make purchase with your token, store your token for value appreciation,. trade your alepy, send/receive alepy to and from other users. Simply watch the video to watch in a glance what we really mean about Alepy.

The only known face of the project is the account Ammar Ahmed Siddiqui.

The ICO timeline

2017, Achieved; Technical Research - Alepy entire social network and technical research

2017, Achieved; Core Development - Core development of the project

2017, Achieved; Team Creation - Meeting with developers and team creation

2017, Achieved; Token Sale Development - Token Sale Development

2017, Achieved; Token Distribution - Alepy.io website launched for token distribution

2017, September; Main Development - Alepy main development phase (token wallet, chatting system, exchange/trading platform

2017, October; Token Sales Stages

2017, October; Token Listing

2017, October; Mobile App iOS, Android - wallet and the core alepy service app

2017, 1st Qtr 2018; Brand Awareness

Our review of ALepy - SCAM ALERT!

ALepy is a great idea and a copycat of Steemit. However there is much to be looked out for as it looks like a scam:

there is no report of it on any news major news site
the ICO was launched withing days of the project being launched
there is no record of the location of the project
there is no identification for the team behind it

Resources of ALepy

Visit the ALepy website.

Read the whitepaper.

What do you think? Is ALepy a scam or not?

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