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Author Topic: [ANN] SONM • Decentralized Fog Computing  (Read 416652 times)
btvGainer
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June 15, 2017, 10:37:20 AM
 #1241

I think because of over whelming response,devs have become a bit arrogant.Their tone on slack was very unprofessional like they do not care if someone miss their ICO due to less information

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June 15, 2017, 10:42:10 AM
 #1242

Hi everybody!!!

I just posted a post article at Steemit talking about a MeetUp I held in my city, Madrid, introducing crytoworld and SONM project to people. Here you have the link to it:

https://steemit.com/meetups/@ffuertes/meetup-in-madrid-introducing-into-cryptocurrencies-world-and-new-ico-project

I hope you enjoy the article as much as I did holding the event, it was incredible.

Wish you a great day and great success at the ICO, I will personally be contributing some Ethers.
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June 15, 2017, 10:44:39 AM
 #1243

Interesting information to consider:

Golem ICO:

- Raised $8.6M in 29 minutes
- Today’s market cap of $475M

iEx.ec ICO:

- Raised $12M in 3 hours
- Today’s market cap of $55M

How much SONM raised in comparable time?



Why sonm need x4 more fund?  Roll Eyes

Yup! That's what I'm wondering too. Could the team explain why they need 55 millions dollars while Golem or iEx.ec needed much fewer. What's wrong with you, SONM?

That question which makes me not invest in this project. There's not any necessity in such a quantity of money, that's just a greed.

the same could be said about bancor, mobilego and so on. it's not just sonm, it's the whole ICO scene that is becoming day by day more and more greedy. i bet that if golem would have started their ico right now instead of an year ago they'd have asked much more too.
anyway, at least the distribution is quite fair, the devs will not keep too many tokens for themselves
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June 15, 2017, 10:46:51 AM
 #1244

btw I'm waiting for instruction on how to participate at the ICO too. what should I use? myetherwallet? how much gas? there are only few hours left, this kind of thing should be sorted out days before the beginning of the crowdsale
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June 15, 2017, 11:01:32 AM
 #1245

I'm investing in SONM today like everyone else but I don't understand the Bonus scale very well since It's not explicitly stated. I believe there should be a detailed blog explicitly stating the full details of Sonm ICO, Bonus & How we can all participate. Still less than 6hrs to go.

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June 15, 2017, 11:09:50 AM
 #1246

btw I'm waiting for instruction on how to participate at the ICO too. what should I use? myetherwallet? how much gas? there are only few hours left, this kind of thing should be sorted out days before the beginning of the crowdsale
MEW should be fine. 200-300k gas would be a pretty the safe bet, maybe 100k would work as well.

I'm investing in SONM today like everyone else but I don't understand the Bonus scale very well since It's not explicitly stated. I believe there should be a detailed blog explicitly stating the full details of Sonm ICO, Bonus & How we can all participate. Still less than 6hrs to go.

Until 10% of the 330M tokens are sold you get 15% bonus, when between 10% and 20% are sold you get a 12.5% bonus and so on.
So to get the maximum bonus you need to buy quickly.

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June 15, 2017, 11:38:36 AM
 #1247

Hello everyone, SebastianJu here, official escrow of SONM. Normally I would have written something already days ago about how things will move and would have given more details. Unfortunately I lost contact with everyone from SONM some time ago. I requested to speak about and check the new contracts some time already and was told it will happen before the ICO.

Well, I often tried to get in contact the last days also, sent pm's on bitcointalk as well as email and dm's on slack to rebel.salesman, who normally is my contact, alexey and sergey. I was ignored except finally sergey answered me with the actual link to the ico contract on github. I checked and found it a bit strange to read nothing about anything pointing to the use of an escrow.

So I used a channel with sergey and rebel.salesman on slack and wanted things to clear. Time already was pretty far by that point because no one bothered to speak with me:

Quote
@channel it looks to me like there is no escrow involved anymore in the ico contract. I would appreciate to hear something else but the code leaves a different impression. Also you did not communicate with me at all about the ico even though I was told we would speak upfront about it. I tried to get in contact all the last days. Time is forward way too far now so it does not sound believable to happen. Also having too much work to do is not believable since the seamless work of the escrow part is fundamental for the safety of the ICO into both directions.
I do not know what happened. Maybe you would have wished to renegotiate the escrow fee. You did not try that at all. Maybe you wanted more safety... in that case I would have been able to bring in one or two other trustworthy escrows and create a 3 of 5 multisig. but no communication happened.
Guys, I will go to bed now. Please answer me in a proper way so that it looks like you take this serious. I hope this can be cleared earlier than 6 hours before the ICO starts.
I really hope you can tell me I interpreted everything wrongly.

Well, 2 hours earlier rebel.salesman answered me with this:

"Sebastian, hi, sorry for delayed response - lots of work to do at the moment.

We are going to use ICO smart contract with multisignature as the escrow. Multisignature will be held by Sergey Ponomarev, Alexey Antonov, and SONM advisers.

I'm really sorry we didn't contact you earlier to discuss it.
Lots of work is not an excuse, we should tell you about it before.

Anyway, it's pleasure to have business with you. Thank you for your help and your time during the preICO!"

So the ICO is NOT escrowed anymore. The invested funds will be held by the SONM team totally. I can not provide any safety from now on and I need to take my name from the safety sign of the SONM ICO. Just to make clear that I will have no access nor control about invested funds.

Not sure what to say about that behavior. I believe nobody would have contacted me without me pressuring that way. People would have invested believing I hold the funds in escrow. Which is not the case.

Nobody contacted me about negotiating something upfront, telling me about a change or tried changing something in the deal for the ICO.

So that's what I unfortunately only found out by putting pressure on the topic.

So again... this ICO is not escrowed anymore. Funds will be hold and controlled by SONM totally from the start.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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June 15, 2017, 11:48:03 AM
 #1248

Well, that's unfortunate and certainly an unprofessional way to deal with it... add the lack of information till the last minute and there really is a lot to be concerned about but the most people will agree that it's still an attractive ICO.

To compensate that, we actually have the smart contract published: https://github.com/sonm-io/ico-contracts/blob/master/contracts/ICO.sol

Has anyone with some solidity knowledge looked at it? Does it appear watertight? After all, that's the beauty of the Ethereum platform, the smart contract is there for all to see even if the team doesn't provide any comments at present.

Another question I'm pondering is how would investing with bitcoin work. If it's an Ethereum smart contract then how does that get triggered by a BTC transaction? Does it get converted automatically or something? This would imply that we're better of buying ETH at better rates than whatever the rate is at the moment of the transaction.
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June 15, 2017, 11:49:30 AM
 #1249

wow, just wow, thanks sebastian that write this, i wanna make deposit to this ico, cause i know that it has an escrow, now i dont wanna deposit anymore. we need to write this info everywhere to people know this!

















































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June 15, 2017, 11:58:28 AM
 #1250

Hello everyone, SebastianJu here, official escrow of SONM. Normally I would have written something already days ago about how things will move and would have given more details. Unfortunately I lost contact with everyone from SONM some time ago. I requested to speak about and check the new contracts some time already and was told it will happen before the ICO.

Well, I often tried to get in contact the last days also, sent pm's on bitcointalk as well as email and dm's on slack to rebel.salesman, who normally is my contact, alexey and sergey. I was ignored except finally sergey answered me with the actual link to the ico contract on github. I checked and found it a bit strange to read nothing about anything pointing to the use of an escrow.

So I used a channel with sergey and rebel.salesman on slack and wanted things to clear. Time already was pretty far by that point because no one bothered to speak with me:

Quote
@channel it looks to me like there is no escrow involved anymore in the ico contract. I would appreciate to hear something else but the code leaves a different impression. Also you did not communicate with me at all about the ico even though I was told we would speak upfront about it. I tried to get in contact all the last days. Time is forward way too far now so it does not sound believable to happen. Also having too much work to do is not believable since the seamless work of the escrow part is fundamental for the safety of the ICO into both directions.
I do not know what happened. Maybe you would have wished to renegotiate the escrow fee. You did not try that at all. Maybe you wanted more safety... in that case I would have been able to bring in one or two other trustworthy escrows and create a 3 of 5 multisig. but no communication happened.
Guys, I will go to bed now. Please answer me in a proper way so that it looks like you take this serious. I hope this can be cleared earlier than 6 hours before the ICO starts.
I really hope you can tell me I interpreted everything wrongly.

Well, 2 hours earlier rebel.salesman answered me with this:

"Sebastian, hi, sorry for delayed response - lots of work to do at the moment.

We are going to use ICO smart contract with multisignature as the escrow. Multisignature will be held by Sergey Ponomarev, Alexey Antonov, and SONM advisers.

I'm really sorry we didn't contact you earlier to discuss it.
Lots of work is not an excuse, we should tell you about it before.

Anyway, it's pleasure to have business with you. Thank you for your help and your time during the preICO!"

So the ICO is NOT escrowed anymore. The invested funds will be held by the SONM team totally. I can not provide any safety from now on and I need to take my name from the safety sign of the SONM ICO. Just to make clear that I will have no access nor control about invested funds.

Not sure what to say about that behavior. I believe nobody would have contacted me without me pressuring that way. People would have invested believing I hold the funds in escrow. Which is not the case.

Nobody contacted me about negotiating something upfront, telling me about a change or tried changing something in the deal for the ICO.

So that's what I unfortunately only found out by putting pressure on the topic.

So again... this ICO is not escrowed anymore. Funds will be hold and controlled by SONM totally from the start.

Thanks for update! This is a big red warning for this ICO from my point of view!

SOMN NOT ESCROWED ANYMORE!

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June 15, 2017, 12:00:43 PM
 #1251

Hello everyone, SebastianJu here, official escrow of SONM. Normally I would have written something already days ago about how things will move and would have given more details. Unfortunately I lost contact with everyone from SONM some time ago. I requested to speak about and check the new contracts some time already and was told it will happen before the ICO.

Well, I often tried to get in contact the last days also, sent pm's on bitcointalk as well as email and dm's on slack to rebel.salesman, who normally is my contact, alexey and sergey. I was ignored except finally sergey answered me with the actual link to the ico contract on github. I checked and found it a bit strange to read nothing about anything pointing to the use of an escrow.

So I used a channel with sergey and rebel.salesman on slack and wanted things to clear. Time already was pretty far by that point because no one bothered to speak with me:

Quote
@channel it looks to me like there is no escrow involved anymore in the ico contract. I would appreciate to hear something else but the code leaves a different impression. Also you did not communicate with me at all about the ico even though I was told we would speak upfront about it. I tried to get in contact all the last days. Time is forward way too far now so it does not sound believable to happen. Also having too much work to do is not believable since the seamless work of the escrow part is fundamental for the safety of the ICO into both directions.
I do not know what happened. Maybe you would have wished to renegotiate the escrow fee. You did not try that at all. Maybe you wanted more safety... in that case I would have been able to bring in one or two other trustworthy escrows and create a 3 of 5 multisig. but no communication happened.
Guys, I will go to bed now. Please answer me in a proper way so that it looks like you take this serious. I hope this can be cleared earlier than 6 hours before the ICO starts.
I really hope you can tell me I interpreted everything wrongly.

Well, 2 hours earlier rebel.salesman answered me with this:

"Sebastian, hi, sorry for delayed response - lots of work to do at the moment.

We are going to use ICO smart contract with multisignature as the escrow. Multisignature will be held by Sergey Ponomarev, Alexey Antonov, and SONM advisers.

I'm really sorry we didn't contact you earlier to discuss it.
Lots of work is not an excuse, we should tell you about it before.

Anyway, it's pleasure to have business with you. Thank you for your help and your time during the preICO!"

So the ICO is NOT escrowed anymore. The invested funds will be held by the SONM team totally. I can not provide any safety from now on and I need to take my name from the safety sign of the SONM ICO. Just to make clear that I will have no access nor control about invested funds.

Not sure what to say about that behavior. I believe nobody would have contacted me without me pressuring that way. People would have invested believing I hold the funds in escrow. Which is not the case.

Nobody contacted me about negotiating something upfront, telling me about a change or tried changing something in the deal for the ICO.

So that's what I unfortunately only found out by putting pressure on the topic.

So again... this ICO is not escrowed anymore. Funds will be hold and controlled by SONM totally from the start.

Do you still own the pre-ico funds ?
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June 15, 2017, 12:01:17 PM
 #1252

Well, that's unfortunate and certainly an unprofessional way to deal with it... add the lack of information till the last minute and there really is a lot to be concerned about but the most people will agree that it's still an attractive ICO.

To compensate that, we actually have the smart contract published: https://github.com/sonm-io/ico-contracts/blob/master/contracts/ICO.sol

Has anyone with some solidity knowledge looked at it? Does it appear watertight? After all, that's the beauty of the Ethereum platform, the smart contract is there for all to see even if the team doesn't provide any comments at present.

Another question I'm pondering is how would investing with bitcoin work. If it's an Ethereum smart contract then how does that get triggered by a BTC transaction? Does it get converted automatically or something? This would imply that we're better of buying ETH at better rates than whatever the rate is at the moment of the transaction.

If it's ETH ICO, you normally buy ETH on exchanges and withdraw them to your wallet (I prefer mist, takes some time to sync with the network) and just send ETH to smart contract address!

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June 15, 2017, 12:02:40 PM
 #1253

I was going to participate with 50 of my precious ETH. Since SebastinJu is not escrowing anyomore, I will not participate.

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June 15, 2017, 12:07:26 PM
 #1254

I was going to participate with 50 of my precious ETH. Since SebastinJu is not escrowing anyomore, I will not participate.

I guess I'll do the same...
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June 15, 2017, 12:20:39 PM
 #1255

this ico is a total joke, i was really interested and happy about funding this project, but now it seems thats is another scam ... please users, use your brain, check that last fact about the escrow, check that the dev are not giving any news since many days, check that the ico is coming in the next 6 hours and there is still not details about it, event the ETH adress is not here... check also that there is no news about the project itself, no github update, no slack answer ... Even the escrow cant get an answer while its a critical task ...

Use your brain, and keep your eth from sonm..

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June 15, 2017, 12:21:16 PM
 #1256

I was going to participate with 50 of my precious ETH. Since SebastinJu is not escrowing anyomore, I will not participate.

I guess I'll do the same...
Yes the missing communication and dropped escrow is starting to look really bad. We really need a good explanation from the devs if they want our ETH. Sadly the FOMO will likely take over anyway.

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June 15, 2017, 12:23:30 PM
 #1257

yeah, that is really weird. Smells fishy, huh?
what your thoughts folks?

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June 15, 2017, 12:28:45 PM
 #1258

really! It's like 4:30 till the ICO start and they published the smart contract that excluded escrow  Shocked

I don't think it's a coincidence, it more looks like a trap!

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June 15, 2017, 12:28:47 PM
 #1259

they will lose in both scenarios - getting the previous escrow back to work or assigning their own people. well, its okay, there are loads of other icos
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June 15, 2017, 12:29:06 PM
 #1260

I was going to participate with 50 of my precious ETH. Since SebastinJu is not escrowing anyomore, I will not participate.

I guess I'll do the same...
Yes the missing communication and dropped escrow is starting to look really bad. We really need a good explanation from the devs if they want our ETH. Sadly the FOMO will likely take over anyway.

If the lack of communication makes me uncomfortable about the ICO, the lack of escrow makes me give up my participation.
There are also a lot of other good potential project.

This project was with a lot of problems at the very beginning when a previous team member was fired.
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