Pincoin / iFan (Modern Tech) ICO (2018): Sale History, Figure & Outcome
Pincoin and iFan were twin token projects launched in 2018 by Vietnam-based Modern Tech. The projects were associated with Ethereum-era MLM tokens and were part of the ICO Mania period.
| Token | Pincoin / iFan (Modern Tech) (PIN / IFAN) |
|---|---|
| Sale year | 2018 |
| Category | token |
| Chain | Ethereum-era MLM tokens |
| Documented figure | $660,000,000 |
| Outcome | fraud |
| Data tier | 2 — research-lane verified |
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What the record shows
The record states that Modern Tech raised USD 660 million through these token sales. However, the project allegedly defrauded approximately 32,000 participants in an exit scam in April 2018, marking it as one of the largest ICO frauds documented. The outcome of the project is classified as fraud.
Era context: ico mania (2017–2018)
The ICO Mania era (2017–2018) saw token sales reach unprecedented levels, with many projects selling out rapidly. This period also witnessed significant collapses and enforcement actions, reshaping the market landscape.
This sale is one of the 234 entries in our ICO Mania (2017–2018) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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More from this era
- Pincoin (Modern Tech) (2018)
- Polymath (2018)
- PolySwarm (2018)
- Prodeum (2018)
- Pundi X (2018)
- Purple Throne (2018)
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Sources
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.