Not long ago EIFI was in the top 3 highest movers going from nothing to almost 400$
Aidrops, social media touting about EIFI. This just has to be a good investment or not ?
Digging a little deeper
In telegram, I get an unwanted invitation to their telegram channel, which is mostly muted, you barely get a chance to say anything because you must wait 5 minutes in between. There I retrieve a referral code, without you can’t register to their Etherconnect to buy EIFI privately. That alone should be a red flag. There you realize you can buy EIFI for 10$, now $14.90 as they raise/readjust the price daily. The market price continues to raise to almost 400$? There are 2 prices?. 
If you read the chat long enough, you will notice people complaining about their investment in EYFI. What is EYFI? Checking coinmarketcap you will notice they take about EYFI in stead of EIFI. These investors in EYFI do not get answers as to what will happen with their money, which is now worth nothing.
Going back to the ‘roots’
Who is Etherconnect? Their ECC tokens are not listed yet and according to their news it should soon for 1$. On one if their websites I come across this… Bitconnect? Yes that one and they openly admit they are connected to them. . 
How does this scam work ?
They make a lot of noise, how you can win a free airdrops how social media stars can earn a lot of EIFI getting referrals in the mean time they keep the price artificially high. Enticing people to buy this token to make a quick profit between bought price and sell price. BUT no one can sell EIFI yet, in their wallets it still shows as 10-15$. The airdrops are looked too. You now find out the caveat you can only sell in September and just 1% to make sure everyone ‘doesn’t run off’. Who is selling EIFI if no one can? Someone is making money. What will the price be in September? A quick look at the price today : fallen to 50$, even on the latest bullmarket. It’s not clear what their business is.
It doesn’t end there
They focus on yet another private sale of a new token Pandalnu and simultaneously claim their ECC token will be listen soon at UNI for $1. They make people belief there could be a lot of money to be made… and yet knowing who is behind this (bitconnect) and largely based upon a referrals/ pyramid model, you can’t even register without one.
IS this a scam ?
Plenty red flags, artificially prices, their connection to Bitconnect and too many complaints EIFI doesbt address.
I can only warm people to stay FAR away from this. Ofcourse i hope for the best, I dont like to see people loosing money. The signs are there, their old EYFI holders still don’t have answers. There are plenty of valid investments you can make and earn money with. Too many red flags IMO,
what do you think ?
