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Spotter is an anonymous Pi Network clone monetizing users' time

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So what should you do?

Please first read our disclaimer on investing related topics.

Stay away from this app unless you want to see numerous ads and have your data collected by anonymous parties.

Spotter claims to have the aim of decentralizing crypto ownership by users mining cryptocurrency on their mobile phones. We do not believe that this is a good investment of your time since:

  • Please see the first 2 points from our article on Time Stope, another similar project. In short, this project is an anonymous project in a crowded space that provides no current value to users.
  • The team chose to remain anonymous.
  • App developers are aggressively monetizing the app to the point that users are already complaining from too much advertising.
  • The whitepaper is written by someone with a poor command of the English language. It is vague and non-technical.
  • Their privacy approach needs significant improvement. We are concerned with users providing their data to this app.
    • They have an intrusive privacy policy like Pi Network’s.
    • As with most companies building an ad based monetization model on top of a free product, it requests numerous permissions. You can see the permissions that they request.
  • There is no proof that this project has anything to do with any cryptocurrency. Other than the words on the whitepaper, there is no proof that there is even intention to build a cryptocurrency solution.

Their whitepaper and the whitepaper of another company in the same space share the same first paragraph. We didn’t look into who plagiarized who. If you are curious, feel free to compare the times when these projects were launched.

Timescope whitepaper
Spotter Whitepaper

So what should you do?

We explained this in detail on another article. You could invest in crypto or make a few dollars per month from the Brave project by watching ads for money. We recommend you to stop chasing promises of free money, especially those from anonymous teams.

Access Cem's 2 decades of B2B tech experience as a tech consultant, enterprise leader, startup entrepreneur & industry analyst. Leverage insights informing top Fortune 500 every month.
Cem Dilmegani
Principal Analyst
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Cem Dilmegani
Principal Analyst

Cem has been the principal analyst at AIMultiple since 2017. AIMultiple informs hundreds of thousands of businesses (as per similarWeb) including 60% of Fortune 500 every month.

Cem's work has been cited by leading global publications including Business Insider, Forbes, Washington Post, global firms like Deloitte, HPE, NGOs like World Economic Forum and supranational organizations like European Commission. You can see more reputable companies and media that referenced AIMultiple.

Throughout his career, Cem served as a tech consultant, tech buyer and tech entrepreneur. He advised businesses on their enterprise software, automation, cloud, AI / ML and other technology related decisions at McKinsey & Company and Altman Solon for more than a decade. He also published a McKinsey report on digitalization.

He led technology strategy and procurement of a telco while reporting to the CEO. He has also led commercial growth of deep tech company Hypatos that reached a 7 digit annual recurring revenue and a 9 digit valuation from 0 within 2 years. Cem's work in Hypatos was covered by leading technology publications like TechCrunch and Business Insider.

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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1 Comments
Settle
Jun 30, 2021 at 13:42

spotter has updated white paper. now there is full explanation and also team. it’s no more an anonymous project. not still sure it’s not a scam but your points aren’t valid anymore I guess. maybe you should review it again

Cem Dilmegani
Jul 01, 2021 at 12:36

Thanks for the heads up, we will review the article.

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