A “grey” paper. A token “Phoundation.” A chart comparing the token to the value of the earth. A ton of fake trading. And what do you have? PTK - the token whose value sits at $3.6 quadrillion and whose supply is owned by Colin Platt. It’s the Fyre Festival of ICOs, and intentionally ridiculous.
In a half-day’s work and at a cost of $40, Platt and his colleagues were able to create a parody token and trade it millions of times to boost its value.