Hoqu’s Fab Four vs Kaufman - FFC Media
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Hoqu’s Fab Four vs Kaufman

It seems the Hoqu cabaret is near its epilogue as we have predicted before. Instead of long awaited release of the decentralized network based on the Hoqu platform we face the team split accompanied with mutual accusations.

Let’s dive into history before start. A while ago Telegram readers encountered relocation of the official Hoqu channel. Their support said some evil forces took control over it so the team forced to create a new one. Today both Hoqu Telegram chats are functioning and there’s no hint of those villains, by the way.

At the same time some baddest review was published accusing Hoqu of mismanagement. It was widely distributed in all social media.

And then this big ugly scene burst into the public eye. Roman Kaufman (aka Michalev) blames other 4 co‐founders for hiding the money made in ICO and misusing of funds. Particularly, he claims other guys bought luxury cars with that money, which was possible, as the project managed to collect $27 mln instead of planned $18 mln. What the company was doing during 8 months after the ICO had ended is highly unclear since no big news was went public. The launch of obscure beta‐release of their app is the only thing happened to Hoqu recently. But it’s pretty obvious these guys are party animals according to Alex Duzhnikov’s Instagram.

In turn, Hoqu accused Kaufman of the attempt to gain control over ICO funds using administrative resource represented by a former investigator from the Investigative Commission of the Russian Federation. Well, there was a lot of big talk but no clear arguments besides the backing story of luxury cars bought before Hoqu even happened.

So, the issue is how this fab four is going to revive the project. According to their Road map they are planning to release the whole decentralized network in September. However, instead of this big thing their customers and investors are facing the embarrassing controversy.

In addition to this, Hoqu lost Moe Levin, a Keynote founder, who was an adviser of the project. His departure was explained as his work came to end and he got his money for that but it wasn’t announced officially.

Finally, the HQX price is fast approaching zero level as it costs now only $0.007, which is far below 1 cent. If they haven’t reached the bottom yet, what is then?

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