Researchoo, I've been aware that you've keep been online since days ago and never addressed any of the questions here. Is there anything you'd like to add to defend yourself? Perhaps especially my question about the nature of your business as stated on your company registration --that you bragged as the why you should be trusted-- and your initial capital? If you don't have anything else, I think it is quite agreeable that your silence is an admission of guilt, and thus I am forced to support the flag and leave you a tag.

OLE777Official, can you please provide this evidences for us, I am quite sure that you have access to the player's betting history. It might give us a good insight on what actually happened and help us find the outcome of this case.


Uhh... I think what Carlos tried to say is that he's attending this forum under the capacity of their CM^{1 2} and only have limited info as the decision is made by the other divisions. Yes, it is extremely not ideal as he's basically just relaying messages from sides to sides, and the working hours is a tad bit adding further complication to the resolution and communication with the platform --if only they employs two staffs to work in two shifts-- but he worked as the official of the platform.

Please allow me to also explain what else happened, that was not on your follow-up explanation.

pale_cutie provided a TXID showing they've deposited the said amount of what they sent from binance, alongside the screenshot showing they deposited from binance to their wallet and then to your deposit address, so you basically already have all the necessary info to clear the problem without escalating it to this phase.

As nicely explained here, it shouldn't be a problem at all --or a case of misleading info at the very least-- for your compliance, security, deposit, or whatever team handling that task to verify this. With the TX hash, or even the customer wallet address, it should be enough for your team to verify that they've indeed deposited the said amount to your wallet. Your team asking for payment receipt pretty much just just asking for unnecessary situation.

That case is closed and I didn't mean to make further fuss about it, or to patronize you, but your team should at least learn to take responsibility --as well as perhaps learning how a crypto works-- and admit it when the mistakes happened at your end instead of saying " you quite mislead".

As you've shown a good gesture by beginning to addressing cases raised against you on the scam accusation board, I will refrained from tagging you like I said here. I will try my best to follow each of the cases addressed to you and see through it with the community. I hope you can tag along and clear every single cases raised against you.

According to several articles I looked for, like this one and this one, we can quite confident that tax for capital gain in india is 10-15% depending on the holding terms --anyone more familiar with this system and rate are welcome to give their input.

Let's say that the tax is 15%, wouldn't it impose a great disadvantage for the Indian to invest on your business model? Not only they're not entitled to the shares they bought --as it'll be owned by Reflection-- they also subjected to a far higher taxes buying the shares in VDA than in actual stock holding.

Hi, I'm here to catch things up, I remember correctly --well, because I read several posts above-- that your WP just need a redesign to better fits your *looking at notes* identity. I wonder if it's finished and ready for our consumption? It's been three weeks and you've already on a sale since then, it'll be nice to give us something concrete and thwart my concerns, that I'm sure is not needed.

I honestly hope it wouldn't come to that ends, them losing sports bettor or any other user, they're probably a good platform, somewhere beneath those onion layers of them, as they could survive this long and has several good --emphasize on "several"-- conclusion for accusations thrown towards them. They probably just had a... poor resolution team. Nothing a good training and weeding out can't fix.


Oh LOL, if I may be honest, up to this day, I'm still amazed by the audacity of that marketing staff, pulling stunts like that; twisting words when cornered and then when caught red handed, played victim by saying people of this forum bullied them and taxing their mental health, and as such, ceased from addressing any future issues on this forum.

Speaking of which, honestly, I'm actually not sure if their decision to cease from addressing complaints would work in their favor. Just like the consensus of this thread says, which didn't mention a specific gambling platform and discussed all the platforms in general, the forum finds it quite troubling that a project who announced their service here refused to clear disputes raised against them. I wondered what will they say and do when --let's suppose-- accusations against them are pilling up because they refused to answer to any of it here, and then they got tagged --by anyone, in general-- for those unresolved disputes.

You do aware that the company license is filed under SIC 70229, "Management consultancy activities (other than financial management)", right? i won't pretend that I'm an expert on UK registration law, but I'm pretty much sure that the nature of your business deviated from what you initially filed for.

And how could such prestigious company who promised hundreds of thousands of dollars only have an initial capital of 100 GBP? And only one registered staff? I thought you said you have a team of professionals?

I wouldn't worry much about the risk faced by those bounty managers, after all it's their duty on the first place to do a preliminary DD before accepting the bounty managing job, if they're scammed --and from them, the bounty participants as well-- it's completely on their line of works, they even actually hold some degree of responsibility for the said bounty if it turned scam.

What concerns me the most is that there is no way to warn investors about the possible hit-and-run case of this project as they didn't have an ANN or any account here that can be tagged and be used as a means to inform the gullible investors, and the fact that it's promoted through an guaranteed-to-be-paid bounty certainly didn't help to dissuade people from investing.

I wondered if it's too much if we asked these BM to attend to this thread and defended themselves on why they accepted the job and/or how confident they are with this employer, and should they stopped the promotion altogether until the case is cleared

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Edit:

Hi, just tying some loose ends here.

Although I've never get an answer from Mr. Mattei¹, the situation on all of their project's channel pretty much summed it all for us that this project is indeed an exit-scam. Their TG is abandoned² and their website has been down for days³ --I checked two days ago, and yesterday, and today, archived-- which according to isitdownrightnow, they've been down for a week⁴.

¹

²

³

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Edit 2: Though it's pretty much beating a dead horse at this point, as it's evident that PiChain is a scam project judging from my updates above on edit #1, I think a clarification to clear one's name wouldn't be too late.

Earlier today I finally got a reply from Mr. Mattei, as below,

They are active, although they won't be anymore, in a couple of hours. Their officials works at a very slow pace, with working hours only on workdays --and I think is bound by literal work hours according to the timezone they reside-- and took the day off during weekend. When they're on the "opening window" like today --they're online just a few hours ago-- it's still not a guarantee that they'll come with a solutions as they seems still need to rely the message back and forth between the divisions.

As for your suggestion to post on their official thread, OP already did that, both announcing their open accusation and trying to post their issue on the official thread. They're amongst the earliest who raised their complains. It's actually after posting on that thread that the OP were encouraged to make a proper report and accusation on this board so that it can be handled properly --and tidily-- especially as OLE777's thread has became a tangled mess of complains that it starting to get quite difficult to remember whose case is what and which allegations is whom.

I think when Monday ends --as they're about to clock out in a few hours, if they're not already, and will not be back till Monday-- and they're yet to address any of the accusations against them on this board, I'll put a tag as a reminder for active cases.

I actually meant to ask for a bigger scope and not limited to India, as you stated that India is your first marker and you'll work your way to operate globally. But sure, let's talk about India first before moving to the bigger scope.

I took a quick glance at the arcticle you provided, and am I correctly understand that VDA applies a 30% tax plus 1% holding tax, while stock trading --the conventional ones-- are subjected to 10-15% tax?

I've initiated the contact yesterday with an account that I think is handled by Mattei as I got it by digging through Unagi/Ultimate-Champion's telegram. His last online date was on February first, though, and I've yet to get any response. I'll update this thread accordingly once I've got development from this side.

Because none the cases against them are already cleared with verdict that ole7.io scammed them. Some that are counter-accused for prohibited action --multi acc, arbitrage, etc-- are no longer present to give their defense of OLE's findings, while some that still actively attending to their case are... well, that's what we're doing here, looking for the truth behind one of the case.

We are not raising or supporting flags against anyone based on inconclusive and non-concrete --yet-- foundation. And as their officials are still showing good gestures by attending to the cases --although at snail pace-- we would wait for any conclusive result before tagging them with anything too.

You can rest assured that DT on this forum are very much concerned on protecting the community and wouldn't hesitate to support flags or give negative feedbacks to every wrongdoings, but it needs to be proven and on a good basis first.


There's a very good chance that their CM are not aware of this thread's existence yet, as OP of this thread didn't give them any notice about their accusation. When raising an accusation against anyone, it would only be fair that the counter-party is also being informed about it so they can properly defend themselves. I asked OP to inform OLE777Official about this thread, but I see that it's yet to be done. I've informed them just a few minutes ago, though.

OLE777Official, pale_cutie has raised a scam accusation against your platform in regards to their missing deposit. I hereby invite you to give your side of story and defend yourself on this thread. It's time for you to start addressing the issues you're currently having properly. I'd really hope you can give your answer there and cleared your name.

I am yet to do any DD on the referred project, not even reading their ANN yet, but can you tell us exactly how they're a scammer simply by having two simultaneous bounty handled by two different BM as your evidence? And what explanation do you exactly asked the BMs to provide?

If you read closely, the bounty run with different rewards, Formula Bounty held a 5,000 $ worth of their token while ahmim held a 7,000$ of BNB. There are instances of projects like them; running two simultaneous bounty handled by either different BM or the same BM.

I am not saying the project is scam or not a scam, it's still undecided because I haven't read any of their materials, what I tried to say is running two simultaneous bounty does not instantly make a project scam, unless you have another proof or other basis that you're yet to show us?

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Ok so I'm running on fumes here as I actually planned to hit the bed early because it's been a long day for me and I was just checking the forum to... well... it's some kind of bed time routine actually. As I'm worn out and not quite sure I can think with crystal clarity, I'll just present my findings here from a quick "give-it-five-minutes-and-then-go-to-sleep-which-turn-into-hours" promise/lie to myself.

So far, the first part of their whitepaper is copied from this site,



And from the three team members they presented, one name checked up to be valid, Pierre Mattei is indeed a Pierre Mattei who worked on Unagi, although he didn't seems to mention Pi Chain on his profile.



P.s.: forgive the image messiness, my trustworthy IMGBB choose to be down right now of all the times it could be, I almost sure the world is conspiring to fill my annoyance to the brim.

I'm glad you finally escalated your situation here where it'll be more correct, board-wise. It will be nice if you can also inform Ole777Official of this open scam accusation case against them so they can come here and give their side of story.

To let anyone reading this thread catching up with the situation, Ole777 is recently^{[you pretty much can start from this point]} flooded with cases after cases of account suspension --which, on their defense, roughly is due to unfair actions--, fake team ID--which, according to their defense, are not their site--, and this one where the user's fund were missing due to technical reason. Sadly, only few of these people escalated their case to this board and from these few, Ole777Official never replied on the designated threads, instead addressed the situations on a tangled-mess-with-a-snail-pace kinda way on their official ANN thread.

I find it very hard to navigate through your website, it seems extremely slow that it's almost inaccessible, I don't think it's my connection as I accessed other sites and app on my phone just fine. I can literally scrolled through 9gag and read several memes and comments on my phone while waited for your "about" page to load. I can --with some effort-- find your litepaper which... extremely lite, but I can't see your whitepaper anywhere. Can you please point it out to me? Or better yet, just share the link to your WP here.

Hi, thank you for creating a new account here just to tell us about this, although simply updating your LinkedIn as you've already did is enough, as we can now move forward, there's one technical thing that I don't quite understand from your proposal. It is stated that the buyer of those shares are not entitled to the actual share, which I assume will be due to the name on the said shares will be you. Suppose someone holding it long term, how will this affect their annual tax report? Given they actually didn't officially possess the shares, yet they actually owned it

Let's see if I get this correctly, so the token sale was a failure because it didn't meet the softcap and you refunded all of the early seeders' fund, and then keep on developing with your own money, add liquidity to PCS, etc. which --after couples of difficult years-- ultimately led us to this point?

Unfortunately I can't verify it myself that you've ever really announced any refund for the presale, given your tg channel is now inaccessible. Speaking of which, why is it? The site is not accessible too, almost like everything is scrapped, which rather ironic --if I may not say "confusing"-- as you said you're still alive  just well... two months ago.

I think I need more info on that system of 10% devs' token. This authorization, it happens after the locking period --1 year-- or do you mean within that timeframe, if any dev wanted to liquidify their token, they could witho having to wait for the locking period if other devs agreed to it?

I'm pretty much sure what he tried to say is that those username on the list are banned for the reasons mentioned above it, not that you're accused as the same owner of those accounts. But I'm agree with this statement below,


From all of those accounts recently posting here about their issue wth this platform, I only see two of them raised their case properly, ferrum360 and Ptolemy. It'll be nice if these cases can be answered and discussed accordingly on the thread they've raised. Ole777Official, err... Carlos, can you please see to it?