I met the CEO of Ubex at the International Blockchain Conference. I was almost pissed off, at the way they were selling. I was at a loss to understand what they were trying to do.

Met an acquaintance on Day 2 who said they were going to release the tokens in 5 days, so he purchased immediately. I was so unhappy.

In 5 days, they met their Hardcap and then decided to increase it. In this scenario where ICOs are not getting funded, there is this ICO which increases the hardcap.

Joke.

Of course, they probably unlocked a few thousand coins so that they can show that it is trading at 5-6x. Idex and Bitforex should immediately stop trading.

Feel sorry for the people who have invested - I mean this looks a legit scam. Nothing an ICO holder can do, I guess. Noobs getting rekted.

Regards,
Tejas

How much funds are required. They got 50K ETH, they are getting more from sandbox (will not disclose how much) and then they will raise funds from public, not sure how much, but assume another 50K - 70K ETH. Thus they would have collected 120-130K ETH for less than 10% of total token supply. The remaining tokens will be released over future years. The team seems to be too greedy, though they may be competent.

I am avoiding investing unless the team is fully transparent on how tokens will be released after Year 1. 

Great find Sebastian. The 500 ether that you mentioned has gone from the wallet to BinanceWallet. So, option 1 is that it is lost and we lost the money. Option 2 is that this is the listing fees being paid to Binance. Looks like you will have to spend much more time warning other people as this looks like an even bigger scam than you imagined  

I have a vested interest in seeing credits succeed as I own decent amount of tokens. You can reach out to me on stejas on telegram and I will be happy to share further details to you that can prove beyond doubt that I am not part of Credits team.

Also note that our answers were totally different, which wouldn't happen if we were part of the team itself.

As I said, I wouldn't call them Aiternis as partners but rather prospective users if Credits succeeds. I am sure they would have expressed interest to understand Credits, that is it nothing more. Credits using the term partners is incorrect use of terminology.

The website is bad, I agree. Still doesn't make Credits a Fraud. I will wait for a couple of weeks for further proof.

There are 100+ users who want to try using Credits as their blockchain platform, including Aiternis. These users have contacted Credits and want to try it out, so that they can move to a better blockchain. With their permission (I believe), Credits has put them up as Users. I would call them potential users / partners (rather than users) to clarify.

However, this does not make Credits a scam.

Did Credits claim anywhere that Aubrey De Grey was involved in the Credits ICO? Provide proof please

Similarly if a potential user is shady, that does not make Credits a scam.

My motivations are clear, I am invested in Credits and believe in it. I already shared with you how you can contact me on telegram.

I am not sure what your motivations are, inspite of me asking you multiple times. You have dominated the chat with 50% of the posts, not allowing anyone to post anything.

Put your views and move on. If Credits is a scam, other people will also share.

There are thousands of sh*tcoins that have nothing in them. Did you even look at the video of Igor? I seriously doubt that you are paid by EOS to dominate the chat. You are only presenting FUD here, and there is no reason anyone would spend 24 hours in the last 6 days doing that if they were not getting paid somehow. Please tell us who is paying you or why are you here?

It has been less than a month since the ICO was released and the team has made great progress. What do you expect them to do in a month? EOS is going to have its mainnet in June though it has been almost 9 months. Credits will release mainnet in June?

What is wrong if I am presenting the good info in Credits' own bitcointalk thread? At least I am not getting money from EOS / Cardano to spread FUD in other coins' chat. I am not sure who is paying you, but you are losing respect real fast.

I sure do have a problem with people getting scared by noobs, who have just warmed up and cannot see a good project succeed. Unfortunately, people like you do no research on a project and unnecessarily scare investors. The Credits team is Russian and find it difficult to counter people like you who are genuinely concerned, but in a maniacal way

Here are links to all the activities of credits for all new users

1. CEO Igor Chugunov's interview - https://www.youtube.com/watch?v=zubbi0q9lkk
    Can you believe that this interview has 1/4th the views that Ivan on Tech's review, but this is how it is. People invested in Steve Job's vision, Microsoft's vision, hear this guy out. This native language is Russian so probably you might need patience.

2. Ivan on Tech's review which is titled "Is Credits a Scam"
https://www.youtube.com/watch?v=FPKbbrt4P0s

3. Team's response to this
https://np.reddit.com/r/CreditsOfficial/comments/82yod8/answers_to_latest_questions_and_desicions_to/
External article on this - https://www.reddit.com/r/CryptoCurrency/comments/833tph/an_actual_objective_review_of_credits_blockchain/

4. Users - https://credits.com/en/Home/Partners
    Remember everyone, they are potential users, not someone who has signed contracts with Credits

5. Github (only network node released now, more releases + video of 300 K TPS expected soon)
    https://github.com/CREDITSCOM/
    Please note that only NetworkModule is release. Credits will release

6. Some additional facts
a. Credits is a company registered in Singapore, based in Singapore and Moscow and one more city in Russia. Registering a company in Singapore is more difficult that many other places
b. Search whois of credits. You can get more info about it
c. They have 2 members of IBM's blockchain team on their board

Sebastain,
If you really want to help out people who are getting scammed, go and help out the people who were scammed by Giza. Join the giza rescue telegram group and help them find the scammer. I will also warn others about every post that you shared that you are a complete newbie to crypto and rating any project whose only job in life is to post and scare new investors of credits and nothing else. Also, hear out the CEO's interview if you haven't looked at it, which I am sure you haven't.

If your concern is genuine, hopefully, we will get a resolution between us in next 2 weeks about Credits .

Credits is not EOS - the mainnet of credits will be launched at the same time as EOS and will have a much higher TPS than EOS.

You have not answered my question - Why should we listen to your opinion? Who are you? What is your background?
You are just hellbent on dominating this chat without a shill of evidence that this is scam. Calling something SCAM 20K times doesn't make it one.
You haven't explained which projects do you regularly contribute to on bitcointalk? How many posts did you write on the NOT so SCAM projects?

Remember the project is still at Alpha stage?Experts from IBM are advisors on the project? Why would they stake their reputation?

Sebastian,

It is funny, I went through your posts - you call me a newbie. You have joined bitcointalk in Sep 2017.

The only other coin that you have commented on is ZeroCoin. This is what you have written on Dec 17 2017

"Its good to see Zero growing even if i havent joined yet as im new on this -crypto world-.
It looks really promising and congratulation to everyone for once more.

Keep Growing"

Suddenly, in 2.5 months, you seem to be the expert in the crypto world everyone who is INVESTED OR IS INVESTING ONLY IN CREDITS should follow. There is no single post you have written on any other coin except Credits and one post on ZeroCoin ever.

Thanks, I would definitely wait for a real coder like 'Ivan on Tech' giving a negative opinion rather than listen to a newbie's advice.

PROVE YOUR CREDENTIALS FIRST. You have my eyes. I will wait on why I should listen to your advise.

Frankly, nothing wrong with legit concerns. I want to say that the company has significant presence, a Singapore office with a physical address, unlike most other crypto.

Also scammers don't continue working on the project after they have collected $20 mn dollars. They just run away. Like Giza.

Similarly, I disapprove of you writing in bold red and 48 font. Maybe it is for effect, but you too are not sure that this is a scam. So calm down unless you are sure that this is a scam. If you think the code is copied from somewhere, please share the source. If you are yourself a developer, have a look at the file and share your views.

The code they have posted is only P2P network protocol, so I agree it is not the real deal. They will eventually share all the code as they said they are waiting as they have filed for a patent. It is better to wait till then than pass judgment, IMO.

If it is a SCAM, while I genuinely believe it is NOT, it will be the biggest one of 2018.
 

Hey Sebestain,

Yes, my account is new, but I have been reading mostly since I joined on Jan 6. What's the point of writing posts if you don't know. I have had some other investments like BABB, which are not doing great and a couple of other ICOs which I hope will do fine.

Why I write now? Because I believe in credits

However, I disagree that I am a fake account created by the team. You can see me on telegram with the same id active on their telegram group, that of babb and others if you want to verify.

It will be your choice to invest or not, based on your confidence level, but do keep an eye on this. I would not comment on their development team capability, but disagree that they are untrustworthy. As I said they have gained my trust over time, hopefully they will gain yours too if you are in their group. I don't think they ban people unless there is strong FUD associated. I saw Ivan a number of times in the telegram after he created that video questioning the team on md5 hashing. He was still chatting in the group later saying he missed the dip, just like I too did.

I was an ICO investor and why I am still buying credits?

1. There are 35 people on their team and another 9 advisers including people from IBM. They have said that the alpha achieved 300 tps. They put their reputation at stake. If this is untrue, they are all lying and probably will be labelled as liars for life. They have got the most to lose if they are lying (instead of the reverse)

2. Their ICO was 20 mn dollars, was supposed to start on 1st Feb. The dudes decided that since their alpha is not released, they will postpone the date to 15th Feb and then again postponed to 18th Feb. I was so pissed off, but at least they gained my respect. They want to deliver. One risk that exists is that the final timeline could extend to say July or August.

Negatives
1. They used some basic algo. I think that is a noob mistake, it is okay. We all do. Means not all are rockstars in the team

2. They don't have a well recognized team and well recognized advisers. Very true. They still have a decent set of people as far as I am concerned.

I think the negatives are slightly heavier than the positives. But remember, if I put $1, I can get $10 and at max lose $1. By that count, I am better off buying now and taking the risk at this team, that just waiting on the sidelines.

Remember, there were a huge bunch of people who did just that in ICO, waited in the sidelines while the price has gone by 3X in a bear market.

Finally, these are my perspectives. You do what you feel you should do.