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What happened: Operand is yet another scammy DeFi made in haste by copying website content of another DeFi, Reflect Finance. No whitepaper, no team, basically nothing, just plagiarized content and that's about it. There is only one way this lazy attempt can end up, and that's people loosing money and creators disappearing and probably coming back with a new DeFI copy/paste under different name. Therefore, I am tagging and flagging @altcoin_user!

Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2560

ANN https://bitcointalk.org/index.php?topic=5305297.0
Archive https://loyce.club/archive/posts/5598/55981939.html

Website https://www.operandproject.com/#about
Archive https://web.archive.org/web/20201231193535/https://www.operandproject.com/#about

Reflect Finance website https://reflect.finance/




Operand website content is on the left side, while Reflect Finance is on the right. Rest of the Operand website content is also taken from Reflect Finance.

https://i.postimg.cc/SNvN0ZVk/opera1.png  https://i.postimg.cc/GmT3bkSY/rf1.png

https://i.postimg.cc/3WMSmQY3/operand2.png  https://i.postimg.cc/q7MTzy1j/rf2.png

Ahh, that's why it's eeriely familiar, I felt like I've read the exact concept somewhere and involved im discussion with them, but given plenty of projects I am watching, I can't tell which one exactly they copied.

If I may add, although perhaps a bit pointless, they're not only copying part of wp or something like that, the very concept of RFI themselves were copied.

Oh yeah, they totally ripped off  Reflect Finance. Operand doesn't have a singe original thought on their website. Worst of all, that doesn't mean that they won't manage to dump their shitcoin to some unsuspected fool via Uniswap, as seen many times before.

They know that an average trader on Uniswap won't bother with such things as originality, whitepaper or team, so why should they waste time and money making their own content?

I'm wondering if 2021 is going to be the year of extreme DeFi hype--my guess is that I can answer my own question in the affirmative, because I've already seen quite a few of these plagiarism cases among DeFi projects, and that's in addition to some that had fake team members and the usual methods of either scamming, stealing from other projects, or just being plain lazy.

It'll be interesting to see if any of these projects actually do something useful, even if part of a whitepaper is copy/pasted.  Looking back on the ICO craze it seemed like there were so many stupid ideas that the whole scene was bound to come crashing down eventually.

Anyway, nice catch OP.  Keep looking for instances like this and I'm sure you'll find them.  I'm pretty sure some of the DeFi project devs had their hands in the ICO insanity as well, and I wouldn't expect them to change their methods.

They will not think that the original stump they want is a DeFi project with many advantages, it is not impossible that in the future it will become shitcoin and their goal is of course in the uniswap exchange which we often see a lot of scamer do.

It's really stupid what they are doing, nothing unique, no one they think how in the future, only copies of other websites to attract victims so I think at the beginning of this year we should be more careful to verify the project.

I personally don't think that DeFi craze will slow down any time soon as 2021 looks very bullish and might end up like 2017. It is true that an average scammy DeFi is even worse than an average scammy ICO as back then they at least had whitepaper and other basic stuff, and now you don't even have that. Add on that huge increase in popularity of DEX exchanges so every shitcoin can reach traders easily.

 
Yep, I would be surprised if that's not the case. If something yield them result they will certainly come back for more. Scammers always adapt to the current market situation fast so whatever it's current hype, you can be pretty sure that they will shop up, whther it's ICO, STO, IEO and now DeFi.

Reported to cryptoscamalert
https://cryptoscamalert.com/crypto_scam_report/1063

Flag supported from my end.

You have done a great job by revealing this project's fraudulent activity and i hope it will help investors to detect this fake project easily.   

We have seen what these DeFi did in 2020 and no way to deny that investors were running after DeFi due to limited supply and stacking system. I don’t think this craziness will stop soon where bitcoin massive price pump will give much freedom to investors for joining new DeFi in the upcoming days. More or less all these DeFi projects are creating hyip on the market by influencing their holders to hold long but how long it is actually.

In this situation scammers are taking the chances and launching fake projects to make investors fool. I have seen a common thing whenever i join new DeFi group everytime i discovered myself in multiple groups couple of hours later. Its pretty much clear that this scammers know well who are the real DeFI investors and how to reach them easily.

We are a softfork of a Reflect Finance of cause we have half a technologies the same.

We don`t need a white paper now, because most of projects, who have a white paper, they saying why they need money (for ICO most of time), and how they wiil spend it on the development. So we will not have an ICO, presale, of any other thing kind like this.

And we alredy have developed all the technology, in the smart-contract. That`s why we no need to say people how we will spend their investments. So they can deside already on the market - to trade our token, to use it for yeld or not.

Also take a look closer to reflect finance - they have not white paper and the team asweell. Having not team is a 70% of the tokens of DeFi market. And thats why token true decentralised.

Softfork of Reflect Finance? Now you mention it after you got busted for plagiarizing. Both you and me know that If you weren't called out for plagiarizing you still wouldn't mention that on your website. Luckily, I archived your website before change, so everything is obvious here.

Another thing, you say half of the "technologies" are same? Don't be so modest, Operand is 100% copy/paste of reflect Finance and nothing else. Lazy money grab attempt that failed at the most basic stuff.


Knowing how lazy and incompetent you are, If Reflect Finance had whitepaper and team, you would most likely copy that too. By the way, I don't say that not having whitepaper and team is a 100% sign of a scam, but when on top of that you add plagiarized content, then it is 101% sign of a scam!

What's your token allocation, again? How much were reserved for the team? Can't find this info anywhere, since all the button on your site were not functioning. Or is it also undisclosed because you don't have an obligation to tell people how will you spend their investment?

P.s.: I think we all can agree that feeling not having to tell people what you spend their investment on were rather smug.

Yes we mention that, because as we found how you and some people dint`t understand how Operand works, even didn`t asking. We have setup a chat for that in telegram, you could to write just one message for that. Just accusing scam, after, 10 second possible checking a project.

So if you sure how the DeFi market works, you must know how technology work.

It is just your opinion. To build the project never was easy.

Most of time problem with a scam is this combination: someone did projct, did presale, and forgot about. And investors can`t return their money, because token is not trading on the exchage.

Here is a smart-conrtact
https://ropsten.etherscan.io/token/0x90086c070ad892dd5cfcb1c6ed2116c896a7c283?a=0x5590bc8c8f1981089fc5425044bb16361d2b9b8c
We still testing it. That`s why we didn`t public it yet.
Also you can see that there was alredy trades at exchange (you find find at transactions), if you know, how that mechanism work.

That`s why we can`t say the exact token allocation, because number of polled liquidity vs price on Uniswap = tokens could be pooled 10-20 times differece.
But in most of case it works like 10-20% will be pooled, and supported by the liquidity in ETH, and if the opposite liquidy will came to end, so it is adding more liquidity in exchangeble token to support demand, if it is not locked.

We not have an ICO, presale and anything like this. Because of a technology in smart-contract. That`s why we not need investors and invesments, and token start directly on exchange.

That is the shittiest excuse I have ever heard in this forum from the DeFi scammers like you. Nice addition to the list.

This was not mentioned anywhere on the website or the whitepaper. Just because whitepapers and projects are out there does not mean you can just copy their topics and content and make up your own project which is nothing but vaporware.

The concept of "Open source" allows you to copy code, not content. Dont over-extrapolate things in your favor. It is plagiarism if done without consent from the previous project owners.

I'm asking your reserved token for team against the total allocation, not price, not the amount pooled --although we might will visit this at one point. This information can be shared as exact as the decimals because it's the tokenomomics, it's part of the project's very core plan. Unless... your total supply is unlimited?


Perhaps you need to redefine your understanding of "investor". Are people who hold your token by buying from exchanges not  investors? Should people let their money be used blindly just because they "buy from exchange" and not "investing in an ICO"?