Is InitiativeQ genuine or a scam?

View from the Chalet Lagettaz, one of the very few cottages in Switzerland available for rental accepting cryptos

At midnight yesterday, a trusted friend drops an email with this message in the body “Do you know Q”? Initially, I though that he’s just looked at some James Bond kinda movie.

After clicking on his link, I had to confess: not yet; let’s investigate. No big deal to spend a few minutes during a quiet snowy Sunday morning to perform some tasks, basically getting a broad overview, creating an account and doing basic due diligence. The rest might be history (or not).

Initiative Q

First, for the overview, I’ve focussed on the team background and credentials. A priori, not a Ponzi scheme despite some pyramidal elements. This said, many aspects of ICOs share this specifics too, take bounty campaigns for instance. Growth hacking is another way to call referral (very sixties). So far, no problem moving to the next step.