I'd be extremely cautious here, an insane amount of red flags and many major players dumping all their PPT.
How about listing the red flags and making some kind of cohesive argument. Unless of course you just want to get in cheap.
The potential of this project is huge and big players dont like being on the outside. We will probably see another month of fud as whales who missed out look for good entry points.
Here's the concerns that made me sell most of my PPT that I bought two days ago. That might be easier for me than some since I sold for what I bought at. Anyway...
Social media icons on their page:
Facebook - No link
Twitter - No update on Twitter since the 15th when supposedly a whale was selling.
Reddit - No link
Telegram - "There is no account with that name"
Slack - locked down, no user input
Instagram - No link
GitHub - Project has not been updated since Apr 21st
Steve William's Twitter - No new news since Jun 27th.
https://twitter.com/iamstevenico/with_repliesApparently they had to change the contract address for the tokens after the ICO because the escrow company changed it? Sounds odd. Maybe that happens and I don't know it, but it makes me wonder.
There are bounty complaints on this forum.
https://bitcointalk.org/index.php?topic=2014751.0What has been posted about all this since the drama occurred? All I see are a few "fake Amazon review" style recommendations of the token.
https://steemit.com/ico/@awakend/populous-tokenWho is Stephen Williams? What has he done before? What do we know of any accomplishments? Why haven't we heard from him since the debacle? How do we know that he is going to actually create Populous or that he even has the skills to?
Is his team really as small as what is on the website? How could they pull this off? Are they hiring? No news to answer this valid concern.
And the warning video by "Silver is the Antidote" sounded sincere. Many are blaming him for killing PPT but he explained in his video that he did most of what he is vilified for doing. And that is that he did a lot of work helping people in relation to PPT and he asked for a very large bounty. Call that what you will but he fully admitted that. So either he's honest, or he's a good liar and a very bad crook. And during that video he talked about how he was in the Slack channel and Williams comes in desperate trying to get a buyer for a huge amount of PPT being dropped by a whale. If true, why did Williams know the whale? Were they some sort of necessary investor? That said, he did delete all his YouTube videos and his Twitter. So maybe he is a crook, who knows. But what did he stand to gain? What was his motive in dropping the price? To purchase low? Revenge? Seams flimsy.
https://www.youtube.com/channel/UClAAuvHzeMTFrOuk2ftMBNwThat said, populous is a great idea. If it goes through then this token will make the hodlers very wealthy. I'm not trying to scare people out, I still have 12% of my small portfolio in PPT. I just think that concern is more than valid.
Edit: Now their Indeed.com profiles are gone too. You can still see William's picture but the other three have removed their pictures and none of them are accessible. I'm lowering my stake more. If PPT turns out to be a success I'm going to cry like a little b**** but man, shadiness is in full effect.
