Is looq.io Token Sale a Scam?

[coup22]

Light details in whitepaper. Inconsistent statements on minimum funding target.  No evidence Mike Morhaime made the quote on the website. No evidence of Steam, Unity, Oculus partnerships. Odd transactions on Etherscan from newly made addresses within the same minute. No posts on their blog. No LinkedIn links on the website for the team. A LinkedIn search turned up nothing on the Ivy League team.

Edit: Regarding the annoucement thread: https://bitcointalk.org/index.php?topic=2069855.0 Why would rwessels use his own personal account to make the announcement? His last posts were in 2014. Who is Hung_Daddy and why does he keep bumping the thread with stupid questions and editing his posts constantly?

[Fortify]

Light details in whitepaper. Inconsistent statements on minimum funding target.  No evidence Mike Morhaime made the quote on the website. No evidence of Steam, Unity, Oculus partnerships. Odd transactions on Etherscan from newly made addresses within the same minute. No posts on their blog. No LinkedIn links on the website for the team. A LinkedIn search turned up nothing on the Ivy League team.

Edit: Regarding the annoucement thread: https://bitcointalk.org/index.php?topic=2069855.0 Why would rwessels use his own personal account to make the announcement? His last posts were in 2014. Who is Hung_Daddy and why does he keep bumping the thread with stupid questions and editing his posts constantly?

It looks like a typical "ICO" scam but they have put some time into it. If you want to save yourself this hassle in future, you're better off avoiding altcoin trading altogether and stick to a handful of the main cryptocoins like Bitcoin, Ethereum, Dogecoin, Litecoin, etc. It's amazing how many people fall for these scams thanks to a few big words and "Whitepaper" plastered all over the site.

[coup22]

Yes, they put a good amount of work into making the website clean and pretty. I'm interested in new opportunities in VR, so I almost got hooked into it for a min. Thankfully, the Morhaime "quote" really stood out to me so I did some investigating and came upon lots of red flags.

I hope its not a scam for the contributors sake, but all signs point to it being one.

[Fortify]

Yes, they put a good amount of work into making the website clean and pretty. I'm interested in new opportunities in VR, so I almost got hooked into it for a min. Thankfully, the Morhaime "quote" really stood out to me so I did some investigating and came upon lots of red flags.

I hope its not a scam for the contributors sake, but all signs point to it being one.

Yes, be very careful with your money online or you will lose it. You should always assume there is only one person behind a website like that until you can really prove otherwise. The 6 images on that website representing "staff" could be lifted off any website from Facebook to hairdresser portfolios, there is no verification that they actually work there.

[Rubik777]

OK guys if it is really scam how can this be proved and what's the probability scammer go in jail?

[RapidMorris]

OK guys if it is really scam how can this be proved and what's the probability scammer go in jail?

proof is not that hard, just read OP's post and draw your conclusions. Nobody is going to jail, there are no rules so they're not breaking any.

[Rubik777]

OK guys if it is really scam how can this be proved and what's the probability scammer go in jail?

proof is not that hard, just read OP's post and draw your conclusions. Nobody is going to jail, there are no rules so they're not breaking any.

I see, ok thank you for your answer!

[Vod]

there are no rules so they're not breaking any.

  How bright are you?

There are rules against fraud, even in the crypto world.

[RapidMorris]

there are no rules so they're not breaking any.

  How bright are you?

There are rules against fraud, even in the crypto world.

Two words: plausible deniability

[RapidMorris]

There are multiple posts being made with the same aquisations:

- https://bitcointalk.org/index.php?topic=2070897.0

- https://bitcointalk.org/index.php?topic=2104660.0

edit: wrong link

[Rubik777]

And why admin is not deleting the ann thread??? I mean it's so obvious at this point ... what are they waiting for? More people to get scammed ?!!?