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I just read this post of Mirocana http://telegra.ph/Response-to-Concerning-Post-10-23The CEO reacts to the latest accusations of someone who posted many posts about his concerns about Mirocana. I think the reply of Mirocana is very professional and hopefully this will sort things out. For me as an outsider it was important that Mirocana gave some explanations about the accusations and they did. To be completely honest, they haven't addressed concerns about neither the poorly performing core product, nor about the team experience, nor about how they are going to technically allow users to test machine learning algorithms that always requires great computational power. They've answered majority of questions though — but not the core one. I've got them the next round of questions that I see as a pretty logical follow-up: http://telegra.ph/RE-Response-to-Concerning-Post-10-23Also, one of their advisors just left and they have only 3 advisors left out of 10-20 initial ones. They haven't addressed this yet. |
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Same article in Russian: Why didnt you write it in english ?  If so, maybe i will read it Sorry... I wrote it for my audience at the Telegram channel which is primarily Russians. Quick summary would be: 1. Product is impossible to build with CEO's lack of the management experience, the only proof of concept they have doesn't work 2. Team lacks experience in their expertises 3. No relevant advisors on board, the case of adding 5+ fake advisors that never heard of Mirocana, only 4 advisors left on board out of ~15-20 4. Possible legal issues in Canada as their tokens can be considered as Securities if anybody asks OCS kindly to check Mirocana  That's pretty much it. I advised to invest in their ICO only to sell their coins at the peak. No possible long term profits as investors will start selling like crazy as soon as Mirocana launches. I contacted all 4 of them. They had around 15-20 advisor before the scandal with Mirocana using advisors' photos and names without their consent. After the cleanup they were left with 4 advisors and *none* of the advisors advise Mirocana on trading, investing or tech. One advisor is for legal issues, another advises how to make ICO, third one solely advises Mirocana on their finances (again, not on investing or trading but just accounting), fourth one haven't responded yet and will probably not respond (Peter).
I personally like this Project but still, this are important issues. Mirocana dev is very active on thread, he will probably give detailed answers for this issues. Hey, we will answer about this issue sooner or later, don't be worry! Very reassuring, don't you think? Hello again. It was officially said that the answer about all of this issues will be published tomorrow. We will clarify everything and spread it all over the social networks we have. Thanks for being patient! That's great to hear! Sorting this out will give faith to the investors and grow the legitimacy of the project!  Enjoy! Thanks for the answers! However, you still haven't cleared concerns about the product, team or advisors. You still haven't commented on the poor performance of the Mirocana Telegram bot, still haven't proven anything about the team (you just claimed that they have vast experience), and still haven't added any tech advisors (you don't have any?). All of my remaining questions are gathered together in the new article: http://telegra.ph/RE-Response-to-Concerning-Post-10-23When should we await the official response? |
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I've translated my Mirocana ICO review to English: http://telegra.ph/Honest-Mirocana-ICO-review-10-21. Please, read before buying and make up your own mind about whether you need to buy the tokens or not! I've thoroughly investigated their: 1. Product 2. Team 3. Advisors 4. Legal part And came to conclusion that the team cannot be trusted. |
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Will there be an English translation of this? Im curious to your review I don't think I'll have time for this. If anybody can help me with the English translation, I would be very grateful. I summarized all of my findings in the post that followed my original one. All the proofs are in the article. Thanks for your answers guys. Remember I'm not throwing around accusations, I'm just saying I'd be a little cautious with any 3rd party trading bot that integrates with your trading account.
Better be safe than sorry, that's why I'm asking what kind of guarantees or safeguards does Mirocana offer?
Well yes, I think a separate trading account just for the bot would be the firsr basic protection layer. Don't put any funds to the account, you don't want traded by the bot Why didnt you write it in english ? If so, maybe i will read it Sorry... I wrote it for my audience at the Telegram channel which is primarily Russians. Quick summary would be: 1. Product is impossible to build with CEO's lack of the management experience, the only proof of concept they have doesn't work 2. Team lacks experience in their expertises 3. No relevant advisors on board, the case of adding 5+ fake advisors that never heard of Mirocana, only 4 advisors left on board out of ~15-20 4. Possible legal issues in Canada as their tokens can be considered as Securities if anybody asks OCS kindly to check Mirocana That's pretty much it. I advised to invest in their ICO only to sell their coins at the peak. No possible long term profits as investors will start selling like crazy as soon as Mirocana launches. So which advisors are you talking about? Have you personally contacted the advisors? I contacted all 4 of them. They had around 15-20 advisor before the scandal with Mirocana using advisors' photos and names without their consent. After the cleanup they were left with 4 advisors and *none* of the advisors advise Mirocana on trading, investing or tech. One advisor is for legal issues, another advises how to make ICO, third one solely advises Mirocana on their finances (again, not on investing or trading but just accounting), fourth one haven't responded yet and will probably not respond (Peter). |
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Why didnt you write it in english ? If so, maybe i will read it Sorry... I wrote it for my audience at the Telegram channel which is primarily Russians. Quick summary would be: 1. Product is impossible to build with CEO's lack of the management experience, the only proof of concept they have doesn't work 2. Team lacks experience in their expertises 3. No relevant advisors on board, the case of adding 5+ fake advisors that never heard of Mirocana, only 4 advisors left on board out of ~15-20 4. Possible legal issues in Canada as their tokens can be considered as Securities if anybody asks OCS kindly to check Mirocana That's pretty much it. I advised to invest in their ICO only to sell their coins at the peak. No possible long term profits as investors will start selling like crazy as soon as Mirocana launches. |
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