Delta ICO Review: Honest Initial Coin Offering Project?

Delta ICO claims to be a cryptocurrency project centered around the firm’s native DELTA ERC-20 token. The Delta exchange, allegedly founded in the Netherlands, offers clients opportunities for earning through referrals and staking.

According to the website, which is a nightmare to navigate, the project was conceived in November 2018 and the development of the platform began shortly after. Throughout 2020, the ICO was in the preparation phase and the platform itself was launched in January 2022.

ICO stands for Initial Coin Offering, a popular fundraising method used by cryptocurrency startups to raise capital by issuing and selling their own tokens or coins to investors. The website says that the platform has raised 293 BTC so far, i.e. around 10 million dollars.

Given the unknown legal background of this exchange, we highly doubt this is true. Is this platform another hoax like AllCryptoCapital? To find out, please read our Delta ICO Review in which we reveal the truth about the exchange. 

Legal Info: Is Delta ICO Regulated?

The website claims this business was founded in the Netherlands. Yet, there is no information about the company in the database of the Dutch AFM regulator, which is in charge of supervising the digital asset market in that country.

Since the Netherlands is part of the European Economic Area (EEA), the AFM enforces common regulations of the European Securities and Markets Authority (ESMA), issuing a MiFID passport to all entities licensed to operate across the old continent. 

One of the key benefits MiFID providers offer clients is a compensation contract worth up to 20,000 EUR in case something goes wrong, plus protection for the financial ombudsman. 

Since Delta ICO is unregulated, the exchange isn’t liable to cover you. Therefore, we recommend you trade firms that are licensed to operate under the jurisdiction of top-tier financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc. 

Trader Reviews – Sharing Experiences

Traders do not seem to be satisfied with the exchange with many even claiming to have been scammed. At the time of this writing, Delta ICO had 6 negative reviews on trustpilot.com and 15 on scamadviser.com.

“You can scream you shout send them 100 messages there going to block your WhatsApp there go to ignore you,” one trader said, indicating that withdrawing funds from this platform is extremely difficult. 

If you want a detailed explanation of how the scammer manipulates users by claiming shady addresses and wallets, you can read an alarming Reddit thread about the plot. User reviews exposed the scheme, as was the case with BCH Advance.

Who Are Delta ICO’s Targets?

According to godaddy.com/whois, the deltaico.com website domain was created on April 11, 2022. Since then, the crypto exchange has mainly been targeting unwary traders who reside in the following countries:

• United Kingdom;
• United States;
• Ireland.

To reiterate, Delta ICO is not eligible to operate in the EEA due to the lack of a MiFID passport, i.e. valid license. The US is an entirely different jurisdiction with even heavier regulations but that doesn’t mean that brokers and exchanges can operate without a permit. 

We have already stressed the fact that if you invest money in this platform, you cannot count on regulatory help or compensation so be cautious.

Delta ICO Token

Let’s discuss the Delta token – DELTA. It is the native ERC-20 token of the platform, designed to facilitate various services for cryptocurrency traders and investors. Operating on the Ethereum blockchain as part of the Ether Delta ICO, the token is supposed to support premium features, advanced portfolio tracking, and price alerts. 

Per the website, the total supply is 1,327,818,222 DELTA tokens, and the current Delta ICO price is 0.000099 ETH (~ 0.2 USD). As for the raised amount, the exchange claims that 9,772.45 ETH has been collected so far, which is around 19 million dollars.

If you recall, at the beginning of the review, we mentioned how we read about nearly 300 BTC being raised, which is half the alleged amount on the second part of the website. It’s such a large discrepancy that we cannot take Delta ICO seriously on it.

Referral Program

The exchange offers a referral program, which allows users to earn commissions off of referrals and achieve passive income.

Users can earn DELTA tokens through the platform’s referral program by inviting friends and also through staking, contributing to the network’s growth and stability. The token acts as both a utility within the Delta ICO ecosystem and a mechanism for attracting new users.

The whole concept is presented as a way for the exchange to incentivize users to bring new members to their platform, which is understandable. Just keep in mind that referral programs offered by anonymous websites most often turn out to be Ponzi schemes in disguise. Do not drag your friends and family into it.

Deposit and Withdrawal Process

Delta ICO accepts payments only via two cryptocurrencies – Bitcoin and Ethereum. The minimum transaction amount is set at 0.15 ETH or 0.1 BTC. On the other hand, the maximum transaction amount is capped at 100 ETH or 10 BTC.

The reason why scammers prefer crypto transactions is it allows them to remain anonymous, plus this type of payment is extremely hard to trace and undo.

Reversing crypto payments is pretty complex and requires professional assistance. Luckily for you, we specialize in various fund recovery methods so please don’t hesitate to book a consultation with us.

Key Information To Consider About Delta ICO

To sum up our review, Delta ICO is an unregulated crypto exchange slash ICO business that has been active for about a year now. In the meantime, this firm has received negative feedback from users with some even accusing the firm of being fraudulent.

We do not recommend this platform because it is most likely an anonymous hoax. Should you experience any withdrawal issues, be sure to let us know.

If you cannot withdraw your funds from the Delta ICO exchange on your own, we offer our professional services and assistance. Book your free consultation with Scam Brokers Reviews today!

Book a free consultation with us and start the chargeback process.

FAQ Section