IntelMarkets present itself as the next major player in the crypto space, claiming to offer a dual-chain perpetuals exchange with 1000x leverage, AI-powered support, fiat ramps, and even a debit card. But after reviewing their whitepaper, devlogs, and tokenomics, it’s hard not to notice the numerous red flags.
Table of Contents
A Whitepaper Without a Project
The IntelMarkets whitepaper reads more like a tutorial on how exchanges generally work. It walks users through stop losses, funding rates, and basic margin mechanics – but never actually explains what the INTL token does.
There’s no mention of token utility, governance, or even how the token fits into the product. For a project that supposedly underpins a global exchange ecosystem, this is a pretty significant omission.
Devlogs from Another Planet
The devlogs are something else entirely. Over 50 of them, and they claim development of features that strain belief: a full perpetuals exchange, fiat on-ramps, partnerships with major banks and payment processors, a crypto debit card, an AI support center, an AI that detects emotional trading, and a full-featured crypto tax API.
There are mentions of integrations with Binance Pay, Coinbase, Visa, Mastercard, Uniswap, Fireblocks, Trustly, and even national banking systems.
But here’s the issue: not a single screenshot or piece of verifiable evidence. No UI previews, no contract addresses, no beta links. Nothing.
This flood of devlogs mirrors what we saw investigating DTX Exchange presale – another project that pushed out unbelievably ambitious daily updates, yet never provided any tangible proof to back them up.
Tokenomics
According to their infographic, the token launches at $0.42 with 2 billion INTL tokens, implying a starting market cap of $840 million.
That’s higher than projects like Immutable X, Raydium, JasmyCoin, or FLOKI – all of which are live, widely traded, and backed by real ecosystems. IntelMarkets, by contrast, hasn’t published a working demo or shown any proof of traction. Despite this, early investors are promised massive returns – though with a starting market cap this high, the risk of a sharp price collapse post-launch is very real.
Multiple Domains
Until late December 2024, the project operated under intelmarketspresale.com, before switching to intelmarkets.io – old tweets still link to the now-defunct domain.
Even more strangely, the FAQ section lists a support email at intelmarkets.io, while the privacy policy links to an address at intelmarkets.ai.
This might seem minor – but the previously mentioned DTX Exchange had the exact same .ai domain inconsistency in its privacy policy, even though the rest of the site was hosted elsewhere.
Other Red Flags
The team is anonymous, and there’s no clarity on how many developers are involved – though based on the devlogs, it would have to be dozens to achieve what they claim. Only one team member reportedly passed KYC, and that was under the now-abandoned domain.
Also worth noting: the project’s X account hasn’t posted in over three weeks, and earlier posts saw low engagement despite having more than 6,000 followers.
Final Thoughts
IntelMarkets claims to be building groundbreaking systems and partnerships all over the world – but so far, it hasn’t shown any proof that any of it exists.
When you combine an anonymous team, inflated valuation, suspicious devlogs, and a whitepaper with no clear token utility, the comparison to DTX Exchange presale becomes hard to ignore.
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