This post has fallen victim to Paragon Coins brigading as well. It was only a matter of time. Please message the moderators of r/CryptoCurrency to request that this post be sticked to the top of the page until the end of their ICO. We need to protect our community from these malicious scammers. Paragon Coin. Their PR team is brigading any post that explains why it is such a scam. I watched this one go from 60+ votes to 0 in a few minutes. https://www.reddit.com/r/ethtrader/comments/6w60wr/paragoncoin_is_a_scam_where_did_that_post_go/ (from the original) Full post: a. Starting off they are faking their numbers and are not sticking to the distribution they planned. Here is a picture from their website : http://i.imgur.com/oQsnVob.png They said they will cap the amount raised to 5 million dollars between 15th and 25th August. Today is 23rd of August, and they just said they have sold 30 million tokens(22.5 million USD) already. I don't believe in that number to be honest. But they obviously don't care about the number of tokens distributed. b. The founder behind the idea is actually Egor Lavrov, and not his wife Jessica. He is just using her face and her business to market the idea better. He is the person who has the knowledge about crypto and the internet. He really doesn't have an all good past. I don't mean to be judgemental here. But from all the articles, interviews and his posts from the past are just about money. I did a little research and found articles(which you can read): http://www.businesswire.com/news/home/20080724005337/en/Innovative-Tattoo-Design-Contest-Tattoolizator.com-Invites-Entrants https://techcrunch.com/2009/12/04/friends-around-me-funding/ (DO Make sure to read the comments on this one ^ ) https://www.volkskrant.nl/archief/decadent-dansen-in-een-strafkamp~a715588/ c. The guy was married to a model Lourdes E de Lavrov, but hasn't had a good past. He has been convicted in the past and was asked to stay away from his wife for Domestic Violence. http://mugshots.com/US-Counties/Florida/Miami-Dade-County-FL/Egor-Lavrov.68139389.html --- http://i.imgur.com/N3Rgy0Q.png d. They are promoting and throwing money on marketing it in any way possible. Recently they did an AMA thread which had fake users, fake upvotes, and fake questions posted to make the ICO look good and professional. https://www.np.reddit.com/r/Iota/comments/6uxipy/iota_paragoncoin_david_s%C3%B8nsteb%C3%B8_jessica_versteeg/ Likely fake users who posted. https://www.np.reddit.com/user/Daveysaves https://www.np.reddit.com/user/remotu https://www.np.reddit.com/user/RixieGhoul https://www.np.reddit.com/user/chroinic420 https://www.np.reddit.com/user/Canna007 https://www.np.reddit.com/user/Aesopfairy999 https://www.np.reddit.com/user/sewic https://www.np.reddit.com/user/DerLexx https://www.np.reddit.com/user/Sebster83 https://www.np.reddit.com/user/ounceofsilver https://www.np.reddit.com/user/DahLeeLah e. Lastly. If you do a little research into their youtube channels, facebook pages. You see things like: https://www.youtube.com/watch?v=yxZ1TBzv_SM , which is probably a parody of sorts. But still after browsing through any of their social media history, it should become apparent that all they care about is getting money.