Avalon Life started out in 2016 as an
AVLX altcoin investment scheme
.
AVLX didn’t go anywhere and was abandoned about a month after launch.
In mid 2017 Avalon Life
rebooted
as a Dash mining opportunity.
A few months later Dash was abandoned in favor of mining Pura Vida Coin.
By all appearances, Pura Vida Coin appeared to be Avalon Life’s second attempt to launch an altcoin.
By late 2017 Avalon Life appears to have quietly abandoned Pure Vida Coin.
Marketing material for a “Bitsurge token” first appeared on Avalon Life’s YouTube channel on December 11th, 2017.
This appears to coincide with CEO Tom Koller being replaced by Thomas Graf.
Avalon Life also switched its website domain to an .io variant, on which Graf is credited as the company’s founder and CEO.
On April 6th Thomas Graf announced via video that Avalon Life was close to launching an IPO in Canada.
Graf (right) stated that, pending approval from Canadian Securities Exchange, public trading of Avalon Life would begin on April 16th.
Naturally April 16th came and went and, not surprisingly, Avalon Life failed to appear on the Canadian Securities Exchange.
Graf appeared in another video on April 17th to address the situation.
Citing “unfortunate circumstances”, Graf claimed “internal auditing” had revealed “deceitful activities” relating to Bitsurge.
As far as I can tell, Bitsurge launched as an internal Avalon Life token and never went beyond a Ponzi contract scam.
Rather than acknowledge Avalon Life failure to register its multiple altcoin securities offerings, Graf blames affiliates for the IPO failure.
Internal auditing has discovered a large number of cases involving massive manipulation by our members regarding the Bitsurge product.
This means we had to question on which road to continue with this product and the process.
This incident is very disappointing.
Graf announced he had terminated an agreement with Bitsurge as of April 14th. Avalon Life affiliate recruitment had also been suspended.
Despite Avalon Life seemingly having finally collapsed, ten days later Graf appeared in another video to spruik a “blockchain cruise” in Florida.
Internally things appear to have taken a turn for the worse.
An undated communication in the Avalon Life affiliate backoffice confirms the planned Canadian IPO has been cancelled.
Dear Avalon-Life Community:
The initial Public Offering of Avalon Blockchain has been cancelled.
As we previously informed you, about six weeks ago, the Canadian Stock Exchange confirmed the listing of Avalon Blockchain.
Thomas Graf decided last week to cancel the initial public offering.
It has been agreed with the partners in Canada not to disclose any information on the reasons.
Yours, the Avalon-Life Team
Whether there was any actual attempt to publicly list Avalon Life is unclear.
What should be clear to investors is that, real or not, the touted CSE listing is typical Ponzi smoke and mirrors.
Having been stealing from gullible Avalon Life
🤖 Quick Answer
What is the history of Avalon Life's cryptocurrency ventures?Avalon Life, founded in 2016, launched the AVLX altcoin initially, abandoned within a month. The company subsequently pivoted to Dash mining in 2017, then Pura Vida Coin mining, and later the Bitsurge token. Each venture was abandoned relatively quickly, reflecting the company's pattern of frequent strategic shifts and project discontinuations.
Why did Avalon Life abandon its Canadian IPO plans?
Avalon Life attributed the abandonment of its Canadian IPO to affiliate-related issues. The company underwent leadership changes during this period, with CEO Tom Koller being replaced by Thomas Graf, coinciding with the transition to the Bitsurge token and a domain switch to an .io variant.
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