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Author Topic: Substratum ICO Scam  (Read 11671 times)
substratumisascam
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August 18, 2017, 06:23:19 PM
 #1

Substratrum has NO product they literally took screenshots of iStat Menus for Mac and Photoshopped it.

Substratum vs iStat Menus app: https://imgur.com/a/bBGKX

There is a higher resolution of their photoshopped screenshot on their website (they forgot to disable directory listings): https://substratum.net/wp-content/uploads/2017/08/note_tray_mac_light_zoom.png (mirror in case they delete it: http://i.imgur.com/dUsvoUO.png)

EVIDENCE:
http://i.imgur.com/m59cHeV.png
http://i.imgur.com/scNng0a.png

Someone made a reddit thread asking Why it looked the same as iStat Menus: https://www.reddit.com/r/CryptoCurrency/comments/6u4lkv/caution_substratum_ico_rippedoff_designs_of/

When asked about it in their slack, this was their response:

“Hello tradecryptos--
Substratum is most certainly not a scam and I appreciate you saying it isn’t. The screenshots you see are actually screen captures from our MVP proof of concept running and were done by developers not designers and as most technical people know people who are great at one are not great at another so we did base our internal alpha off of iStat because at the time we were just trying to see if we could actually make the underlying structure work because that is the REALLY HARD part of this project at least since we are changing the way the internet connects.
We have brought a Design Lead on now and are TOTALLY redesigning the User Interface from the ground up so what you see in version 1 at the end of the year will look almost nothing like what you see here other than the options that you see will still be there.
Thanks for taking a look!” (screenshot of this: http://i.imgur.com/zhgLqy6.png)

THIS RESPONSE WAS MADE BEFORE THEY KNEW THAT I FOUND A HIGH RESOLUTION SCREENSHOT ON THEIR SITE AND PROVING IT IS IN FACT PHOTOSHOPPED AND NOT SIMPLY A "proof of concept running and were done by developers not designers".


Guys this ICO scam has already made off with nearly $2 million!
Also, I made this post in their ANN thread, but a mod deleted it!  Here is their ANN: https://bitcointalk.org/index.php?topic=2054963.0
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MrUnconventional
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August 19, 2017, 10:32:19 PM
 #2

These icos get more ridiculous by the minute.

Nice find.
lukout
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August 20, 2017, 04:32:25 PM
 #3

Why cant I get in touch with them?
 Why tokens were not sent to MEW its been 48 hors now?
Anybodt received their tokens?
ShivaBalaji
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August 22, 2017, 05:46:29 PM
 #4

6th day and no tokens received. I believe the managers have absconded with the money and this is a scam. Someone report them to the authorities please. Let's see how far their $2 million will take them with a class action lawsuit.
wooky321
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August 22, 2017, 06:02:47 PM
 #5

Not received mine either, they are sending them, you can see on etherscan

https://etherscan.io/address/0xaf518d65f84e4695a4da0450ec02c1248f56b668

but still feels fishy...
PinguQ
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August 22, 2017, 06:23:30 PM
 #6

For me it's also been 6 days now.
And their e-mail addresses are not working anymore?
wooky321
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August 22, 2017, 06:29:14 PM
 #7

They're are quite active on Slack. Just said they are dealing with TX before the 18th August at the moment. Busy busy!
manosteel211
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August 22, 2017, 06:32:03 PM
 #8

Lead is suppose to be a pastor at a church.  Twitter account is from 2008 but nothing about substratum on it.  If you look at the ether address they have a ton of SUB coins, half a billion.  They have been going out really slowly but haven't for 15 hours writing this reply.  Here is the ether scan address.  https://etherscan.io/address/0xaf518d65f84e4695a4da0450ec02c1248f56b668.  Maybe scam maybe not but there is ether moving out of the account not much from what i looked at. Also slack not active anymore.  Anybody have a link?
Slow death
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August 22, 2017, 07:02:52 PM
 #9

Project Leads

Justin Tabb


Justin@substratum.net

Solutions Architect




https://www.linkedin.com/in/justintabb/


Over the last 10 years Justin has lead development teams on projects such as
training.apple.com, consultants.apple.com, Event Software for Facebook, Event
Software for OpenStack, Theme Park Software for Disney, Election Software for 2008
Presidential Campaign and many many more.



Abram Cookson

abram@substratum.net

Lead Software Developer



https://www.linkedin.com/in/abramcookson/


Husband, Father, Owner, Small Business Experienced, Idea Man, Consultant,
Technical Lead, Application Developer, Architecture, Comedian
Specialties: Cloud Solutions, Agile, Modeling, Architecture, Search Engine
Optimization, Web Standards


Jason Wollam

Jason@substratum.net

Senior Software Engineer




https://www.linkedin.com/in/jasonwollam/


• C#, ASP.NET, and ADO.Net including ASP.NET MVC 4, WinForm and Web API
for web services.
• TDD and SOLID concepts for building scale-able OOP
• implementations.
• JavaScript for full stack and browser based applications using Node.js and
common libraries.
• Single Page & Front-end development using and MVVM JavaScript with
Backbone.js



Kevin Marois


kevin@substratum.net


Senior Software Engineer


https://www.linkedin.com/in/kevin-marois-40682611


Over 30 years of professional software development experience, including clientserver
enterprise level applications, retail, POS, and military use applications

Jason Burns


jasonb@substratum.net

Design Lead

Head of Design with 10+ years of design experience of eye catching campaigns with
high conversion rates and software design for systems that maximize ergonomics
and ease of use.


Michael Stockwell


Michael@substratum.net

Advisor



https://www.linkedin.com/in/stockwellmichael/


Michael is the owner of FizzPow Games, the creator of Bitcoin Billionaire, an
accomplished developer and an experienced cryptocurrency investor and is serving
as an advisor for Substratum.

source: http://substratum.net/wp-content/uploads/2017/07/substratum_whitepaper.pdf




Lead is suppose to be a pastor at a church.  

hahahahaha

These guys make me laugh

manosteel211
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August 22, 2017, 08:01:30 PM
 #10

go to jason burns twitter. it has the same picture and says hes a pastor.  Just sayin.  I invested in this just hope its not a scam.
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August 22, 2017, 09:38:41 PM
 #11

My mate found a load of SUB tokens already being ditched on yobit for less than a penny each and have been for months. Hoping it's not the same coin but not looking good.

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CryptoTerps
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August 23, 2017, 03:25:15 AM
 #12

For me it's also been 6 days now.
And their e-mail addresses are not working anymore?

Are you a member of the slack? DM your txid and ETH address to the admin "zfelds". He is in the slack sending out tokens right now very quickly.
donnyjoseph
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August 23, 2017, 07:36:20 PM
 #13

Where is the link to their slack ? and how can I register on slack with no invitation ?

I sent 2 eth and so far no coins.

For me it's also been 6 days now.
And their e-mail addresses are not working anymore?

Are you a member of the slack? DM your txid and ETH address to the admin "zfelds". He is in the slack sending out tokens right now very quickly.
Johnnywelsh
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August 23, 2017, 11:22:16 PM
 #14

4 days after deposit and still no tokens, luckily I only invested $30 so going to just take it as a lesson learnt and hope others don't fall for it to limit the amount these scumbags get away with.

________Any Store Can Buy, Sell and Accept Cryptocurrency________
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Cryptorook
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August 25, 2017, 12:17:23 PM
 #15

Justin Tabb from Substratum replied to my email regarding my missing coins.  He said the reason I haven't received them yet is because I didn't list a TX ID.  Does anybody know if a tax id or social security number is required.  Thank you
2demons
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August 25, 2017, 04:06:07 PM
 #16

Did anyone received anything? So final verdict is scam coin?
Profetu
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August 25, 2017, 07:28:53 PM
 #17

Did anyone received anything? So final verdict is scam coin?

I received them 4 days later. That does not mean this is legit though. Anyone can create his own token almost free.
Profetu
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August 25, 2017, 07:30:24 PM
 #18

Justin Tabb from Substratum replied to my email regarding my missing coins.  He said the reason I haven't received them yet is because I didn't list a TX ID.  Does anybody know if a tax id or social security number is required.  Thank you

A transaction id is required. You should learn more before investing.
hackg
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August 25, 2017, 07:36:03 PM
 #19

when you contribute you get an email with your TX id

Copy that, go to the slack channel and ask the SUbstratum team members there to help get your tokens.

It took me 2 minutes to their slack channel, paste my TX id in a message and get my tokens sent to me. This is definitely not a scam, and just because they photoshopped some ideas together isn't any different than 99% of other ICO's out there lol. iStat just happens to be a common interface to notice similarities to

If anyone is going to contribute, use my referral code to get 15% bonus tokens:  3hackg

Cryptorook
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August 25, 2017, 09:39:26 PM
 #20

Thanks hackg.  But I'm still a little confused.  What is a TX id and where do I find it.  Thank again
Argolas_
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August 26, 2017, 01:51:32 PM
 #21

i have received my SUB immediatly after the purchase (12 days ago)
people should read instructions before shout "scamming"
wowaweewa
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August 26, 2017, 04:53:16 PM
 #22

I am not receiving my tokens for more then a week. Got banned from their slack just for pointing ICO security issues. Stay away from these scammers.
JRu
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August 27, 2017, 01:54:49 AM
 #23

Talk to an admin on the slack...got my tokens in 10 minutes it was that easy. https://substratumcoin.slack.com
Magicune500
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August 27, 2017, 12:22:32 PM
 #24

Its too early to declare Substratum as a scam.
They are trying to do something

I received my tokens. Just go to the slack channel, give them your tx and email address and they will give tokens with BONUS

lets not spread risk quite yet
PinguQ
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August 27, 2017, 04:41:05 PM
 #25

Everybody gets his tokens. Got mine after 5 days, so it can take a while but you'll get them.
jeffsydney
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August 30, 2017, 11:12:41 AM
 #26

Hey Guys . 

I joined ICO bout ten days ago and have not received any response.
How do I contact the substratum guys?
Thanks
miKcrypto
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August 30, 2017, 06:44:09 PM
 #27

From what I've seen the slack has been extremely responsive with processing payments even though they are behind. Customer support has been good. I received my tokens.

ladoppiaesse
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August 30, 2017, 06:57:40 PM
 #28

Hey Guys . 

I joined ICO bout ten days ago and have not received any response.
How do I contact the substratum guys?
Thanks


It has been written like 20 times here to go on Slack and get in touch with admins. You will receive your tokens soon.
jeffsydney
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August 31, 2017, 11:15:11 AM
 #29

Yes
I did see that

but the slack "invite link is no longer active."
so im stuck.
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September 01, 2017, 08:09:52 AM
 #30

hi,

after 8 days i still waiting for my tokens...

Can someone point me , how can i contact the team, so i can sak when i will receive my tokens?
thanks
by
kikan

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September 01, 2017, 08:12:54 AM
 #31

something i found here..

join to the stratum group and ask for tokens..

https://substratumcoin.slack.com/join/shared_invite/MjMxNTY5MTQ3MzYwLTE1MDM3NzgxMzYtOTUwYTYyZDg1ZQ

BTC:3E7Zt3UeeFZgXPQYRDdntnEgvoFFbNLMcs
tech72
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September 01, 2017, 05:12:50 PM
 #32

Their pass client.  Based on their website.

Is it true?  Huh




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September 03, 2017, 09:35:15 AM
 #33

Their pass client.  Based on their website.

Is it true?  Huh





yes, they had those past clients. substratum are a bunch of backend developers, according to recent youtube video of their lead guy, that have been running a company since early 2000s. over the years they have been working on a side-project which is substratum.

I thought this was a scam company at first but after researching, they are legit. the ico was poorly run with the referral system but these guys are developers... they will hopefully hire some people to help them in the areas they are lacking. they do have a history of making things happen so we will see.

so not a scam. just a poorly run ico. however, to their credit they were extremely responsive on slack. you can go there and chat with someone now. they are avail 24/7.
useless
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September 04, 2017, 05:07:31 AM
 #34

I got my tokens today. Everything is fine.
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September 04, 2017, 09:32:01 AM
 #35

4 days no coins. Also, I find it strange that the ICO counter was refreshed today giving people other 10 days to contribute.


Join Slack and ask the admins to process your transaction. There's no smart contract distributing the tokens, so they have to do it in a semi-manual way. Again, join Slack and ask admins. I was also worried but I received them after that.

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To the moon!


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September 08, 2017, 11:18:38 AM
 #36

I see their ad on Bitcoin Reddit all the time.

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September 11, 2017, 05:31:04 AM
 #37

guys, everything works like a charm when investing in substratum. receiving coins is the easy part, actually delivering a working and useful product is the hard part, but that's on their side of the bargain, not ours. read the instructions before investing because in 99.99% of cases, all user / investor mistakes are not refundable (even if they wanted to).

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September 13, 2017, 06:19:35 AM
 #38

Hi there,
This is my first post.

Would like to participate in my first ICO and I chose Substratum but I have a couple of questions (hope you can help me):

- MyEtherWallet

Already signed in. Want to create the wallet on which receive the Tokens. Should I have to input the wallet code showed on the website (0x12480E.......)?
Noob  question.... If it's the same for everybody, how they can discriminate which one is mine?
Or should I have to download the Ethereum wallet on my pc and use that one?

- I read I should not send the coins from exchange website. If I download the Ethereum wallet on my pc (and feed it), can I send the coins from there?

Sorry for the noob questions and thanks in advance for the replies
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September 13, 2017, 09:08:10 AM
 #39

something i found here..

join to the stratum group and ask for tokens..

https://substratumcoin.slack.com/join/shared_invite/MjMxNTY5MTQ3MzYwLTE1MDM3NzgxMzYtOTUwYTYyZDg1ZQ


The link is no longer available.

Would you mind resending it?
GorillaDental
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September 16, 2017, 06:05:37 AM
 #40

when you contribute you get an email with your TX id

Copy that, go to the slack channel and ask the SUbstratum team members there to help get your tokens.

It took me 2 minutes to their slack channel, paste my TX id in a message and get my tokens sent to me. This is definitely not a scam, and just because they photoshopped some ideas together isn't any different than 99% of other ICO's out there lol. iStat just happens to be a common interface to notice similarities to

If anyone is going to contribute, use my referral code to get 15% bonus tokens:  3hackg

just used your referral code fyi
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🌟 ATLANT ICO: 07/09/17 🌟


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September 17, 2017, 07:05:10 PM
 #41

For those that FUD substratum, they are showing the UI in this video.

https://www.youtube.com/watch?time_continue=36&v=x97-Zu72WwY

Maidsafe and ipfs fan boys are in trouble.

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September 18, 2017, 12:08:24 AM
 #42

I have received the correct amount of substratum though in myetherwallet

SNOVio -Decentralized Lead Generation
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September 18, 2017, 01:52:35 PM
 #43

Hi there

Do you know when it will be listed on exchange?

Based on the white paper it should be already added on Bittrex and Bitfinex.

Thanks
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September 19, 2017, 08:11:50 AM
 #44

Hi there

Do you know when it will be listed on exchange?

Based on the white paper it should be already added on Bittrex and Bitfinex.

Thanks

They said September, not 1st of September, so be patient Wink

Also, have a look at their youtube channel, they make a video every day: https://www.youtube.com/channel/UCxUJoTH0XLERKl55zGnFI6g

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September 20, 2017, 11:39:12 PM
 #45

A lot of FUD without any actual proof. Stop spamming "scam" without any substance behind it.
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September 23, 2017, 08:27:21 PM
 #46

Burning unsold coins, new UI design, Beta coming out in few months then v1 release Jan 2018 - also several people seemed to have missed that they are building a crypto payment gateway that website admins can install just like you'd have a paypal module on your site. Except they will convert the crypto to SUB, then SUB to fiat for the merchant and take a small cut via SUB transaction.

Turns out they've been developing the backend all the way up to ICO which is why the developers quickly copied iStat menus and photoshopped it to show a proof of concept of what the UI could look like, so people could picture it. They have since brought on a designer though and its designed UI from scratch looks VERY nice and slick looking now

After speaking with the team members directly and gotten to know a few admins in the slack, these guys are pretty genuine and down to earth. I may have been skeptical coming in at first but this investment is turning out to have huge potential. They have a pretty enthusiastic community in their slack also, which btw if you want to join their slack you should visit their facebook to get an invite. They locked it down from open signup due to so many scammers going around (see below)

Quote
Zach F
Attention @everyone! We have deactivated our slack link until further notice to hinder the effect of scammers in our community. Please be aware that anyone wanting to join our slack from now until further notice will either need to send us a DM on Facebook (https://www.facebook.com/substratumnet) or DM us at @substratumnet with their e-mail address. Thanks for understanding! Please be safe and ALWAYS protect your information!


Also
Quote
Do you know when it will be listed on exchange?

They cancelled Bitfinex due to them dropping support for US users and maybe some other reasons. COSS.io exchange will trade SUB starting 25th I believe and Bittrex is on the list still but there is a long wait to get on there. Of course there is also EtherDelta but I hate that place... I thin Liqui may be coming soon, and one the admins said Binance already offered so that may also be coming soon. They burn unsold coins tomorrow 24th so the value should rise a bit after that

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October 02, 2017, 05:00:41 PM
 #47

Please help Substratum get onto Binance by following the link below and casting your vote!

https://www.binance.com/vote.html
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October 05, 2017, 10:13:36 AM
 #48

Has the Substratum team set up a new slack? The old one no longer seems to be accepting invites.
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October 05, 2017, 12:31:08 PM
 #49

Most of you need to learn to research on an ico before throwing your money away, it will give you insights and ideas on how good an ico is, blindly believing any bullshit the team gives will only make you lose your money

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Argolas_
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October 06, 2017, 09:47:21 PM
 #50

well, i now have a big x3 gain thanks to the spike
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