Here's the million dollar questions. Does SEC has international jurisdiction to prosecute? Let say a citizen of Estonia or Malta or even Seychelles launches a DEX and doesn't block Americans from using it. Is the SEC going to have the creator extradited for persecution?

Neluns can do no wrong - or there's no depth they wouldn't plummet too to get their scam under as many eyeballs as possible. They are now spam adding folks on their TG channel.

Surprise!
Said nobody.
Neluns promised to list on smaller exchanges this week and rattled off a series of names including Bancor, Yobit, and the likes.
Guess who got listed?
Not Neluns.
Admin's now saying says they will be announcing asap
Plus they are now spam adding followers

Most folks in crypto try to model themselves after Vitalik, Lee, and the likes (including McAfee). They've forgotten that Satoshi chose to remain anonymous from the get-go. You can innovate and disrupt without being targeted

Snapshot is now on the blockchain and for a few hours most were able to see their balance using the blockchain explorer. Explorer is down now for further testing. Will be back up shortly

With the SEC charging and fining the founder of Etherdelta for unregistered securities trading on the exchange (https://www.coindesk.com/expect-the-sec-to-target-more-token-exchanges-after-etherdelta/), seems like the SEC would rather go for the source of liquidity for unregistered securities rather than track down issuers. With well over 2000 cryptos in the market, makes sense to devote resources in collaring exchanges first (after identifying unregistered securities) rather than spreading themselves too thinly in the hunt for issuers.

So, what happens next?

1. Folks will flock to Malta to open their DEXs?
2. DEXs will issue "WE DON'T SERVE AMERICANS" notice?
3. Get IP restrictions and KYC like IDEX?
4. No orderbook like Airswap?
5. Or we just got sit tight with CEXs again?

 The times truly are changing

No ma'am. They are THE AMERICAN COMPANY and we're obviously too dumb to figure out that they are THE AMERICAN COMPANY inspite of all the flag waving, themed accessories and apparels.

Unfortunately, we still have lots of blind members. A peak at their bounty channel revealed so many "Ooohs", "Aaaahs", and "Moons" because the admin posted the Binance application thing...
Then, there was this "encouraging" post by one of the admins Lee White (https://t.me/neluns_bounty/6027)

Guys, @alexajoan was an invited bounty manager on outsourcing from marketing company based in San Francisco. Her job is well done.
Now our CTO Darrell Martin is on duty of bounty manager till December 31. All questions about bounty campaign you can ask here in chat.

We’ve noticed some negative activity of bounty hunters who aren’t satisfied with our bounty campaign. We won’t give any comments about this stupid morons and haters. Neluns is the American Company and it contradicts to our policy. But we will definitely take into account all negative comments from bounty hunters when distribution begins and they won’t get NLS tokens because it brakes the rules of our bounty campaign.
Before you show off hate and write negative comments about our project turn on your brain and think about the consequences.

Yes... very professional and official to call folks stupid and morons on a public channel

Is Perkle going to inherit Esprezzo's middleweight capabilities or have its own unique feature for blockchain interoperability?

You invested the most valuable asset in the universe into it - time - and you want to sell at a loss? Before investing, didn't you read the WP, studied the roadmap, and check up on the team's credibility and ability to deliver?
Armed with all that, you invested your time with a fixed target in mind at what rate you expect it to grow to before selling off. Why sell-off before your target

I've been on the other end of a listing team. I know it's impossible for anybody to talk about any top 10 listing to the public once the NDA is signed and submitted - was even involved in one where the listing lead wouldn't even talk to us about the status because he didn't want to jeopardize (or encourage inside trading). But here's Neluns boldly declaring it. Are they related to CZ?
Then, you've got the nice chart about NLS token growth. Upward trajectory throughout 2019 to infinity


Such MOON!

We both no there's no such trajectory in crypto. You can't keep mooning for months unending. No force can guarantee that.

There's also a guaranteed dividend table


...."Lets become rich together?" ... Are they not rich already with $130-something raised?

Also, all those american flags...

The slopping of the lower lips and shape of the eyes are such uncanny match. Think we're starting to get somewhere.
Also, anybody's who has the time should go read some of Lee White's (one of their TG admin) posts and see if such a true-blooded English name could be capable of murdering their mother tongue... unless mother tongue is Mother Russia

And now, they've started deleting posts on their self-moderated thread. Anything critical of them or even those asking for clarifications are getting deleted by the dozens.
Yesterday's promised exchange failed to materialized.
The funny thing is they're now talking about listing on Yobit, Mercatox, Bancor - after previously claiming they cannot list their security tokens on ordinary exchanges

According to what I've been able to gather, the exchange listing that was promised to be announced today is yet to materialize. Also, bounty hunters are being threatened to have their rewards slashed for being "Stupid" and "Idiot".
Ok. Very corporate speak. very professional.
Bots are back on the ANN thread too

Not question the fact that they are bumping their thread. Thread bumping is an open secret on BTT. My worry comes from the fact that it's over two weeks since ICO ended and they're still bumping threads. To what end?
Add the amount they claimed to have raised and it becomes all the more worrisome that they need to bump their threads in the first place. Numerous ICOs have successfully raised a fraction of that without bumping. You don't raise over a hundred million without crossing a few oceans and knowing some highly-placed individuals. So why bump - using accounts that can barely string two words together. I'd assume as a financial company based in NYC, quality control will be of paramount importance in whatever service they choose to engage - including bumps and writers.
Apparently, not the case here. Not only are they shitposting, but their articles are also poorly written too. Makes you wondered what they submitted to the "SEC" or pitched to "VCs". To cap it off, they are security token, meaning no good listing anytime soon (they can always pin that on the SEC conveniently), or (and based on their "quality control" or lack of) get listed on some shit exchange and keep stumbling all over their roadmap.
Interesting times.

Neluns thread here: https://bitcointalk.org/index.php?topic=4694028.0 exhibits all the hallmarks of a botted thread with numerous newbie accounts raining platitude about the project, answering each other, and completely ignoring questions directed to them. But that's not the problem

Neluns claims to be registered in NYC and SEC compliant. However, for such an "American" company, they seem to quite incapable of finding that one English dude to write their PR as exemplified here: https://medium.com/@iconeluns/the-manhattan-blockchain-fund-is-an-anchor-investor-of-neluns-b2d99656eb12

Then, you've got the "Binance List in Progress" thingy on their site. Anybody who's been around long enough knows NDA prevents startups from naming exchanges they are in discussion with (at least the top 50), not to mention stamping it on their homepage.

Then you've got this Russian language investigation put together by a very astute and concerned community member: https://ttrcoin.com/threads/neluns-io-scam.2796/

Concerned by all these, I went into their TG channel to alert them to the concerns on BTT. Next thing I knew, I got the boot.

Token swap, but that doesn't answer the question of what's going to happen to its potentials, ecosystem, and trust issues especially in light of less vulnerable competitors out there. Short of them announcing a partnership with Amazon, can't see them dispelling this within a year

Alright, I'll just come out and say it now because I'm righteously terrified now and paranoia in crypto is best asset out there. All I just need is a link to any literature that covers how to understand smart contract codes. Doesn't have to be in depth. Just a soft foundation to get a leg up (most of what I'm seeing seems to assume you can IF and ELSE already)

You're right about the not pre-announcing development. Nothing is set in stone and with new blockchain development you have to be extremely thorough. Nor having a fixed date hanging over one's head tends to help a lot

At this point in time, the question is no longer about forgiveness, but the incompetence of any member of their team to demonstrate any knowledge of just how damaging this vulnerability is, considering the fact that they were working with a faceless CEO.
It also shows that smart contract and disintermediation is just hype because someone will always own the key to unlock it all. The blockchain is just as centralized as the centralization we like throwing stones at