Overview:

ICOCoinLab’s premise is very simple: they will help other companies arrange and run a successful ICO.
However, our probe into their incorporation, whitepaper and organisation has revealed some worrying red flags that indicate foul play. Most compellingly we do not even understand for what reason they should run an ICO themselves other than pocketing the money.

The company have an extremely weak incorporation, massive hard cap, no financial team to supervise funds raised and absolutely no product to show to potential investors. There are holes in the team structure, and a multitude of anomalies littered through the whitepaper.

We are very concerned when examining ICOs which have no supervision of funds, and no exit scam proofing.        

ICOCoinLab’s project is a risky investment. It has not been audited and no ICO Fund Supervision Scheme has been set up.