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Oyster Pearl

A hybrid IOTA/Ethereum smart contract platform designed to help websites garner revenue.

Categories

Internet, Advertising, Software,

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Reasons for Shutdown

Fraud

Founder exit scams and stole $300,000 from ICO Smart contract.

The founder and lead developer of Oyster Pearl (PRL), Bruno Block, had executed an exit scam and took advantage of a breach in the token smart contract.
The breach permitted him to reopen the ICO and sold an estimated of $300,000 worth of Oyster Pearl (PRL) on the KuCoin exchange.
After the Bruno exit scam, the price of PRL had dropped from $0.20 to $0.0035 per token to near zero.
Liquidity died and PRL was delisted.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.	Nubits	11.6%	A stablecoin cryptocurrency pegged to the US dollar.	Blockchain	Bitcoin, Cryptocurrency, Software	Sweden	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2014	-	-	-
2.	Wala	10.0%	A financial service app built on the blockchain for cash-based consumers in emerging markets.	Blockchain	Banking, FinTech, Internet, P2P, Financial Services	South Africa	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2015	-	-	-
3.	COBINHOOD	8.0%	A platform that offered an exchange for trading cryptocurrency.	Blockchain	Computer, Cryptocurrency, Finance, Software	Chinese Taipei	-	-	-	-	-	Seed	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2017	-	-	-
4.	TruStory	5.9%	A place where people could come together to have productive debates.	Blockchain	Cryptocurrency, Software, News	United States	-	-	-	-	-	Seed	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2018	-	-	-
5.	Bitdeal	5.0%	Bitdeal was a digital currency that allows two willing parties to conduct safe and private transactions anywhere around the world.	Blockchain	Internet, Cryptocurrency	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Active	-	-	-	-	-	-
6.	PonziCoin	3.9%	The world's first legitimate ponzi scheme.	Blockchain	Cryptocurrency, Bitcoin, Internet	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2017	-	-	-

Investors

No.	Image	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
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Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		Bruno Block	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
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