Pincoin (Modern Tech) ICO (2018): Sale History & Outcome
Pincoin, an investment token project launched in 2018, was part of a scheme run by Ho Chi Minh City-based Modern Tech. Alongside its sister token iFan, Pincoin became infamous for its alleged fraudulent activities.
| Token | Pincoin (Modern Tech) (PIN) |
|---|---|
| Sale year | 2018 |
| Category | investment/MLM |
| Documented figure | not visible at the cited source |
| Outcome | fraud |
| Data tier | 2 — research-lane verified |
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What the record shows
The Pincoin project reportedly defrauded approximately 32,000 Vietnamese participants, with claims of losses totaling USD 660 million. The seven-person team behind Pincoin and iFan disappeared in April 2018, leading to public outcry and street protests. The record documents the project as a fraudulent scheme with no recovery of funds.
Era context: ico mania (2017–2018)
The Pincoin sale occurred during the ICO Mania era (2017–2018), a period marked by rapid growth in token sales and record-breaking fundraising. This era also saw numerous 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
- Polymath (2018)
- PolySwarm (2018)
- Prodeum (2018)
- Pundi X (2018)
- Purple Throne (2018)
- QuarkChain (2018)
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Sources
- https://www.coindesk.com/markets/2018/04/11/vietnam-investigates-ico-fraud-after-660-million-in-losses-reported
- https://techcrunch.com/2018/04/13/exit-scammers-run-off-with-660-million-in-ico-earnings
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.