 Hey guys, it's MJ and in this video. We're looking at everything wrong with reality clash Now, please go and check out my disclaimer video on my channel before continuing But what we're gonna be looking at is reality clash, which is kind of like an augmented reality game very similar to ingress, I mean they've even used the same color scheme as ingress and The team is quite quite impressive. I mean they've got quite a lot of experience 20 years working on some big titles Some screenshots from the potential game makes it look awesome and they do mention their technology and it looks great I think this is definitely a game that I would play But it's not something I'm going to be investing in because while reading through it I kept asking myself Why do they need to do an initial coin offering and why on earth do they even need the blockchain for this thing and What we're gonna be doing is just looking for some red flags And the first red flag was when we go to the pre-sale. So the IC only starts tomorrow But already you can invest in the pre-sale and that's 50 Ethereum or 50 Ether, which is 15,000 US dollars at a price of 300 Ether and 15,000 US dollars is Absolutely huge for a pre-sale and I'm gonna give it a red flag and I'll tell you why because when you read a little bit Lower, this is what it says pre-sale investors. So they are considering us to be investors Except that the final terms of the actual sale are not yet available Would you would you invest? 15,000 US dollars Into a sale where the final terms have not been determined yet that that I mean just on that You should walk away, but don't worry guys. It gets better. It gets better If you do this pre-sale of which there are 50 Million of these coins so half of the total coins are gonna be available for this pre-sale But you can get a bonus 50% and that that's a it's a big pet hate of mine when they have a bonus coin because that is such a clear indication That you're buying a virtual product and not a virtual investment because in order to have 50% They are so Overvaluing this thing in order for it to still be profitable for them So the fact that there's the bonus is insane and the fact that the ICO token, you know 30% for the early comers then going to 10% again I'm giving two red flags because these bonuses are so high and essentially what you're doing as an ICO member is you're just Funding the returns of the pre-sale people So you're either engaged in the pre-sale or you'd leave this thing alone But if you go into this pre-sale, you need to drop 15,000 US dollars where the final terms aren't even said so this I don't like the structure bonus coins It's ridiculous Okay, but then I thought let me go through the white paper and the white paper starts off with the statement Reality clash token sale the world's first augmented reality mobile game available on iphone and android And when your white paper starts with a lie Because it is a lie That's a red flag the reason why it's a lie is because they're not the first augmented reality mobile game And how do we know that because later in their own white paper? They compare themselves to other augmented reality games In fact, they even use the whole pokemon go thing as a reason why their app is going to be successful So often discussing these other augmented reality clash reality games Why are they saying that this is the world's first augmented reality mobile game available on iphone and android now? I don't want to be Super picky, but also worlds. They missed missing the apostrophe But another thing that gets to me is that they're going to say that this game is available on iphone and android And they even have a little code button cook saying augmented reality will be bigger than virtual reality But what they don't tell you is that this app will not be on the app store if they're using blockchain technology they are an unverified virtual currency and Which called apple will not allow them. I think this goes against guideline 3.15 of the app store Which they clearly have not read or if they have they are misleading people because they should be stating that they will not Or with extreme difficulty get on to the app store. So sorry for your apple users Okay, next is that this thing is only gonna they're only seeing their soft launch So the first like mvp in one year's time in one year's time That is that is a long time to wait for an investment in this crypto space If you're putting 15 000 us dollars into a game and you have to wait a whole year before it does anything to see if it even works You're probably better off with putting it into bitcoin. I don't think this investment can beat bitcoin and also I mean output full launch our seeds. I mean, that's that's another spelling mistake And i'm giving a red flag because the entire white paper felt rushed there were pages that were duplicated It seemed like this was put together by someone late at night with no effort at all And I mean speaking of no effort at all Look at their budget. This is the laziest budget. I've ever seen and like I said, if you're putting 15 000 us dollars Into a company and their budget was 70 percent this 20 percent this 10 percent that I'm throwing down the red flag. You know, it's at this level. We need to be seeing What are the salaries going to be? What is that 70 percent? You know, what licenses are they paying? What are the various courses of action they're taking? How have they budgeted this this this and that? What are the various scenarios? You know, we need more detail That looks like it's been thumbs sucked in literally 10 seconds But don't worry. The funding gets even better. This is why this is a clear indication that there was no financial person involved in this entire project because listen, yeah Reality gaming group will be raising a minimum of 1.5 million through an ICO token sale Okay, 1.5 million. That's that's quite low for an ICO. It's it's quite low Um, but maybe they don't need that much money to to make the game. Yeah, what what is there? What's their cap going to be? Well, they want a minimum of 1.5 million We see in the in the website that they're going to be making a 100 million coins that that that's the limit There's going to be only 100 million coins and that these coins are valued at 30 cents Which means that they have a maximum potential of raising 30 million us dollars now A minimum of 1.5 million by the maximum of 30 million That is a massive red flag to seeing a 20 times gap I mean because you have to ask yourself the question. Can they make the game with 1.5 million? And the answer has to be yes because if the answer was no Then if by them raising more than 1.5 million they say 1.5 million and one dollar and they can't meet all expenses Then that is terribly irresponsible Because the project will fail and people who invest it in the ICO will lose all their money which goes against the whole Ethics and everything of an ICO that you invest to get to a certain limit So if you don't get that limit people get refunded. So by them having such a low target It's almost like they're what they're saying we want to get whatever we can because If they can make the game with 1.5 million which they should be able to do They should be able to do otherwise very dodgy What will they then do if they had to get 30 million us dollars? What would they do? Are they going to go buy fancy yachts? Are they going to buy the latest Lamborghini? Because nowhere in their white paper Do they say you know if we hit these certain targets we can reduce the the deadline dates or If we get you know over 20 million we're going to introduce extra cities or we'll launch Extra features nothing they silent today basically saying that they could pocket that money themselves It is that is very very dodgy But the thing is they they keep referring to this as an investment They talk about invest info and one of the things that you'll get as an investor Is an exclusive founders medal and i'm sorry that is That is a joke that is a joke that and the investor info they're not talking about potential returns Any mention of risks nothing and the best info you get an exclusive founders medal And then also you can partake in the purchasing of these exclusive weapons that are only available for the ICO tokens fail And I mean this kind of feels like a pay-to-win game, which now i'm no longer even interested in playing this game But what really freaks me out is that they're not putting any prices towards these these tokens They haven't told you anything and this is a big red flag because if you're going in as the ICO and you purchase Say a hundred dollars worth of these coins and you come to the market on the 1st of November You're coming against guys who have spent $15,000 on this game They're coming and if there's only going to be a limited number of these guns Do you think your hundred dollars is going to be able to get you one? Well, we don't know we don't know what the price is we don't know how many of these things they're going to be There's hardly any information and that freaks me out as a potential investor But I think best of all best of all is that there's not even going to be a limited supply of tokens You're going to have your gold and once the game launches they're introducing silver So you can pre purchase all these tokens that yeah, I've got a good, you know of this limited supply rubbish rubbish because when the game launches they're going to be introducing another currency Which they're going to be selling for another dollar and I'm just thinking this is a money making scheme This entire game is driven by profit and not by the technology and that's really upsetting because the video did look cool It did look like it had potential but this introduction of the silver currency It just destroys All credibility of this thing and it ruins the whole thing Because the whole idea would that be that this gold would be this virtual currency that only you who protect in the ico Could engage in the game you could then sell it at a later stage for more money Yay But if they're selling it at silver not only do they cap the maximum return that you can get But they dilute the market and people are rather going to be buying the silver from them then from you and it's just Oh, it's just this this is not an investment This this is not an investment Stay away from this ico because at the end of the day This is just a presale of a game that hasn't been made yet There's no guarantees that this game will even be made and I would actually advise just just stay away Just stay away Maybe download the game when it comes out next year will probably be delayed, but it's not worth it Look if you are interested and you want to maybe investigate this thing a little bit more I have written a book around high value initial coin offerings where I've got you know Lots and lots of various questions that you should be asking to erase certain red flags The book is available on amazon the link will be in the description below So feel free to to get yourself a copy of that But otherwise come join me in the comment section below. Maybe this game is amazing Maybe this is going to be the next big thing. Tell me why I'm wrong. Let's start this discussion Let's let's hear different opinions and let me know what Ico you want me to do next Thanks guys so much for watching and cheers