IronCircles

IronCircles is a legitimate early-stage privacy project focusing on post-quantum encryption and decentralized social networks. It successfully raised ~$155k via equity crowdfunding (Wefunder), demonstrating a verified but small base of supporters. However, the submission is severely penalized for making demonstrably false claims (e.g., 'most people have used my product') and providing confusing financial data ('marketcap: 500000' in a revenue field). While the technology (Forward Secrecy, Post-Quantum Cryptography) is relevant and innovative, the discrepancy between the claimed reach ('everyone') and actual adoption (<5k estimated active users) significantly lowers the credibility and final score.