PILLAR project - moderated / deleted comments

[jnow]

I'm one of the many people who put some money into the PILLAR ICO.

Before the ICO there was a lot of hyping and pumping going on especially on youtube.
After the ICO... more or less, crickets.

I would think that after raising some $26,000,000 USD, the PILLAR team would actually get to work and update their media presence on a daily bases, their website included. Apparently not.

So I wanted to leave a comment on the following page on their website:

https://pillarproject.io/2017/07/21/thank-you-2/

Initially the comment posted with a statement saying "Your comment is awaiting moderation".
Soon after it simply vanished, so I guess the moderator didn't like what I had to say.

So here it is....

PLR tokens selling on EtherDelta (as I type this) for less than half of the ICO price.

Already a success (for the project founders of course)... I bet most of the people who bought into Pillar couldn't be happier. Their investment is down 50% at this moment.

But that's what happens when most of them simply buy into a project because of all the pumping and hyping by some well known (or unknown) pumpers like jsnip4 , mike b and others who got paid to sell the Pillar to the masses.

Moral of the story.. do your homework people... or get fleeced.

A whitepaper (of sorts), no PoC software of any kind, not even an alpha stage project, no partnerships, but lots of PR and hype is apparently worth some $26,000,000 USD.

And about the tokens being on the ED exchange within an hour of the ICO start, stop making things up about  tokens being stolen by hackers.

Some people saw the writing on the wall when you guys decided to change the game during the ICO by allowing unrestricted access to your sales page for the US.
And to top it off also extended the ICO period by a couple of hours. Greed has no limits apparently.

What finally made it clear for me was the video of the Pillar team first meeting. Are you people for real? What a joke.

There are at least 20 other projects coming up that have a clear path, working software and experienced developers on their teams.

Unfortunately the Pillar team is all hype (PR and marketing only works when you have something to sell). Well, you already unloaded the tokens, so I guess it's ok if the project eventually fails. You got your $$$ already, so there's no real incentives left.

PS. you expect people to volunteer (work for free), while you enjoy the $26,000,000 USD.

I saved some print screens for proof... just have to figure out how to attach them to this tread.

At this point it's becoming quite clear that the PILLAR project will most likely not do so well.

[nsasuiteb]

Hmm this is really interesting why is this deleted? I am not positive on this project though.

[jnow]

The comment I posted wasn't exactly "everything is awesome", so I guess it's easier to just not approve or delete any comments that criticize them.

[SMSabuj]

It's bad for deleting your comment. I also think like you, why Pillar Token is going to less day by day?

[HuckleBerry1]

Finally, someone has come out and said what we are all thinking.  I am kicking myself for getting caught up in the hype and unfortunately trusting the likes of JSNIP4.  I have no doubt that the pillar tokens that were referred to as 'tokens that were issued during the marketing campaign of the ICO' were being sold by JSNIP4 himself.

The guy is a charlatan who marketed to unsuspecting people who thought he was credible.  That being said we can only blame ourselves for investing in Pillar and unfortunately must also carry the loss.

Alarm bells went off when the emails were circulated that they will not raise enough money and that we should encourage our friends to invest and invest more ourself.

Congratulations JSNIP4!  You got me.  I invested in a scam on your advice.  Fool on me for not doing my research and  shame on you for being a charlatan!

[John Titor]

The guy claims to have coded "the first website", and yet for some reason his name doesn't really come up in any searches.  What I saw on youtube was pretty clear, these guys are not interested in anything but selling you tokens.

[jack1111]

Pillar made great promotion campaign, I participated in twitter campaign, I noticed that their followers number was increasing significantly during the campaign. Whether it is good project or not, the price after the ICO is not a standard, many successful ICOs had lower price after their crowdsale due to many reasons.

[Fatoshi]

If the price was 10x the ICO price you would all be saying everything is awesome. You are judging the project barely a week after the ICO on price. The project I personally invested in a week ago seems the same project today. Nothing changed. Maybe you are pissed you couldn't flip the token. I invested in a project seem to me like those complaining thought they invested in a get rich quick token flip. Is that holders problem you guys failed?

[X-ray]

Hmm this is really interesting why is this deleted? I am not positive on this project though.

I'm too, but looks the dev is really not expert to complete all of their promises to the investors. The project looks weird, and why a lot of people want to put a lot of money in that project? The youtube just to make the hype for the coin. It doesn't mean if the coin will be a good in the future. You just get trapped by the hype has created by the internal supporter behind it.

[jnow]

Finally, someone has come out and said what we are all thinking.  I am kicking myself for getting caught up in the hype and unfortunately trusting the likes of JSNIP4.  I have no doubt that the pillar tokens that were referred to as 'tokens that were issued during the marketing campaign of the ICO' were being sold by JSNIP4 himself.

The guy is a charlatan who marketed to unsuspecting people who thought he was credible.  That being said we can only blame ourselves for investing in Pillar and unfortunately must also carry the loss.

Alarm bells went off when the emails were circulated that they will not raise enough money and that we should encourage our friends to invest and invest more ourself.

Congratulations JSNIP4!  You got me.  I invested in a scam on your advice.  Fool on me for not doing my research and  shame on you for being a charlatan!

I forgot  to mention that one. Thanks for the reminder.

And that was another red flag about how the ICO campaign was being run. Very short term so that most of the people would go in without proper assessment of the project.

[jnow]

Pillar made great promotion campaign, I participated in twitter campaign, I noticed that their followers number was increasing significantly during the campaign. Whether it is good project or not, the price after the ICO is not a standard, many successful ICOs had lower price after their crowdsale due to many reasons.

So you got some free tokens for promoting their project, correct?

Yes, the short term price is not an indication of how the project will do medium / long term, it simply reflects the current market sentiment.
Other projects that had lower prices after the ICO and turned out to be winners later, also had more than just good marketing.

[jnow]

If the price was 10x the ICO price you would all be saying everything is awesome. You are judging the project barely a week after the ICO on price. The project I personally invested in a week ago seems the same project today. Nothing changed. Maybe you are pissed you couldn't flip the token. I invested in a project seem to me like those complaining thought they invested in a get rich quick token flip. Is that holders problem you guys failed?

Nobody expected the short term price to be 10x, myself included. It wouldn't make sense for that to happen simply because there's no product to justify any increases in price.
I'm sure that most of the people invested into the project understanding that it will take at least 3 to 6 months for any price action to happen based on the the work being done.
I guess it will became clear by the end of this year where the whole project is heading.

What concerns me are the red flags raised during and after the ICO.

Here's a quote from the last blog post on the Pillar website, to which I was trying to  respond...

https://pillarproject.io/2017/07/21/thank-you-2/

Pillars really aren’t trading yet, because we don’t have a large exchange yet. They are trading on a few sites where they are trading below ICO value. Why? Because more than a few people purchased tokens and lost them in the sale due to phishing and hacking. We don’t know how many tokens, but out of about 9,000 buyers, at least a few dozen lost their tokens within hours of purchasing them. Hackers are now selling them on the market at a huge profit for them. You can now buy them at EtherDelta.

Also, we paid several service providers who helped us with the sale in pillars. These people will also be selling.

Unfortunately, when someone offers a quantity of tokens for sale, you don’t know which tokens they are. But if they are selling at a discount, there are really only a few reasons, and the most likely one is that the sellers are making money, not losing. We can expect a lower price for our tokens for some weeks or months, until natural market forces take over. But we have patient buyers, so we’re not worried. I’d be more worried if our tokens were trading at 5x the ICO price.

So to address some of their claims....

Some people might have lost their ETH by sending them to fake ICO addresses posted by scammers on social media, taking advantage of the fact their website was overwhelmed at the time the ICO opened.

As for claiming hackers were stealing people's tokens from their personal wallets (like MEW), that's quite laughable.

And the reason why the PLR is not listed on any major exchange, well that's because none of the exchanges would even consider listing a token backed by nothing.

And finally, straight from the horse's mouth

We can expect a lower price for our tokens for some weeks or months...

. This is by their own admission showing the reality on the ground, after all the hype being pumped before the ICO.

Of course all the people who actively promoted their ICO and who then got free tokens, will only say good things about Pillar because they have no  real money on the project to begin with, so no loss.

[KGBx]

That project collected 26m$? I think that it's extremely overvalued.

Regarding deleted comments, I'm sure there's more, I hope there will be more reports of deleted unpleasant comments.

[Pearls Before Swine]

You're complaining about them moderating their comments...and you create a self moderated topic.  C'mon, brother.

I don't doubt for a minute that you got the brown end of the stick by investing in them, but as most ICOs are scams what did you expect?  That's what these devs do.  They create all this hype through twitter and sig campaigns so that they can get your money, then poof.  They're gone.

And yes, I'm in a signature campaign so take what I say with a healthy dose of salt.  But this thread is appropriate if they're not including critical comments.  They really should not be moderating comments.  Red flag right there.

[mizan2821]

If the price was 10x the ICO price you would all be saying everything is awesome. You are judging the project barely a week after the ICO on price. The project I personally invested in a week ago seems the same project today. Nothing changed. Maybe you are pissed you couldn't flip the token. I invested in a project seem to me like those complaining thought they invested in a get rich quick token flip. Is that holders problem you guys failed?

Nobody expected the short term price to be 10x, myself included. It wouldn't make sense for that to happen simply because there's no product to justify any increases in price.
I'm sure that most of the people invested into the project understanding that it will take at least 3 to 6 months for any price action to happen based on the the work being done.
I guess it will became clear by the end of this year where the whole project is heading.

What concerns me are the red flags raised during and after the ICO.

Here's a quote from the last blog post on the Pillar website, to which I was trying to  respond...

https://pillarproject.io/2017/07/21/thank-you-2/

Pillars really aren’t trading yet, because we don’t have a large exchange yet. They are trading on a few sites where they are trading below ICO value. Why? Because more than a few people purchased tokens and lost them in the sale due to phishing and hacking. We don’t know how many tokens, but out of about 9,000 buyers, at least a few dozen lost their tokens within hours of purchasing them. Hackers are now selling them on the market at a huge profit for them. You can now buy them at EtherDelta.

Also, we paid several service providers who helped us with the sale in pillars. These people will also be selling.

Unfortunately, when someone offers a quantity of tokens for sale, you don’t know which tokens they are. But if they are selling at a discount, there are really only a few reasons, and the most likely one is that the sellers are making money, not losing. We can expect a lower price for our tokens for some weeks or months, until natural market forces take over. But we have patient buyers, so we’re not worried. I’d be more worried if our tokens were trading at 5x the ICO price.

So to address some of their claims....

Some people might have lost their ETH by sending them to fake ICO addresses posted by scammers on social media, taking advantage of the fact their website was overwhelmed at the time the ICO opened.

As for claiming hackers were stealing people's tokens from their personal wallets (like MEW), that's quite laughable.

And the reason why the PLR is not listed on any major exchange, well that's because none of the exchanges would even consider listing a token backed by nothing.

And finally, straight from the horse's mouth

We can expect a lower price for our tokens for some weeks or months...

. This is by their own admission showing the reality on the ground, after all the hype being pumped before the ICO.

Of course all the people who actively promoted their ICO and who then got free tokens, will only say good things about Pillar because they have no  real money on the project to begin with, so no loss.

good idea... I agree with you... I get same  very useful  information. Thank for great  idea and information.

[Fatoshi]

Retards. All the team have said is just open and honest. You want bullshit hype then maybe you chose the wrong project. This was a crowdsale to create a web platform unlike any other. You got to either bet on the fact they succeed or you don't. If you don't then fuck off. Leave holders to wait at least a year to see how they develop the platform.


Problem is some people are fucking retards that think teams only focus should be giving a ROI to investors within a week. They needed the money to make the platform now just let them work and fuck off with your little gripes about a few tokens ending up on ether delta. Losers..

[jnow]

Since they said that the price would crash, then it is not a scam because they told the truth silly!

At this point they're just admitting the obvious about the price going down (can't cover that one up with some made up excuse).

The truth, hardly. Look at at how the ICO was run.

They also said the tokens reserved for people promoting their ICO were gonna be stored for 9 months. How's that for the truth?

[jnow]

Retards. All the team have said is just open and honest. You want bullshit hype then maybe you chose the wrong project. This was a crowdsale to create a web platform unlike any other. You got to either bet on the fact they succeed or you don't. If you don't then fuck off. Leave holders to wait at least a year to see how they develop the platform.


Problem is some people are fucking retards that think teams only focus should be giving a ROI to investors within a week. They needed the money to make the platform now just let them work and fuck off with your little gripes about a few tokens ending up on ether delta. Losers..

Foul language? That's your argument?

[HuckleBerry1]

Foul language can often be seen as a compensation for intelligence...

Have you JSNIP's you tube update - no video's on Sunday as we are moving into our new house.  Glad to see your Pillar promotion tokens are being well spent.
 
      jsnip4 has uploaded Well....we moved into the new house. No vids Sunday

[jnow]

Foul language can often be seen as a compensation for intelligence...

Have you JSNIP's you tube update - no video's on Sunday as we are moving into our new house.  Glad to see your Pillar promotion tokens are being well spent.
 
      jsnip4 has uploaded Well....we moved into the new house. No vids Sunday

My understanding is that the money for his down payment on the new house came from the VERI investment that payed off so well.

On a different note, look at what VERI is doing today. Another example of a project running on fumes. Like the Jamaican stock exchange amounts to something.

I noticed though jsnip hasn't said a word about Pillar since the ICO. That in itself says enough.

EDIT:

Apparently jsnip has received 200,000 PLR as reward for his promotion campaign on youtube. Still not a word about Pillar from jsnip.

Now he's busy pimping the SALT ico, along with his buddy Bix (RoadtoRoota).