Uchain (UCN) ICO
In June 24, 2018 Uchain ICO raised 35,000 ETH at a price per Uchain (UCN) of $0.094. During this time period, the price of ETH was around $535. In the middle of September 2018, they opened the UCN trading in exchanges at 88 percent below ICO price ($0.0115), another massive investment loss to people who participated in the ICO. However, this is just the beginning, month-after-month, the price continues to drop and now trading at $0.000137 and a 24h volume of $28,104
Today, as of writing, UCN coin have lost 99 percent of its value from the ICO price. Clearly, everyone who invested in this ICO lost almost all their investment. With these results, it is fair to say that Uchain (UCN) is an exit scam, their ICO was simply a tool for them to raise money from hard working people.