So I heard of this project and thought it was interesting - Joined the bounty when I first heard about it and checked out the website (which was really well designed). I check the team and see a bunch of faces and names i've never even heard of and see that they only had 2 partnerships with practically no media news articles or anything else.(Maybe they are big people- I just have never seen them, regardless their marketing and attempt of spreading awareness is lackluster for such a supposedly big company) Red flag #1 for me.
After about 2 weeks I noticed their ANN was practically dead. The telegram was horrible, there was no discussion between the team and the community - and whenever the team did respond it was a copy paste reply (good question, check our website at stktoken.com for more information etc.).Also after these 2 weeks I noticed they also updated their website and changed the ICO and presale dates. Red flag #2
They were posting on their telegram of partnering with Mastercard, the linked a blog post on their website speaking of the event. Strange, there's no news from Bloomberg, Forbes, Fortune -- nothing. If you search STKToken and Mastercard you will find nothing but secondhand news websites with low traffic posting this information. Red flag #3
Lastly, I noticed that the minimum cap was super low.....SUPER LOW, For a partnership with mastercard they have a min cap of 3,600E and a hard cap of 310,345 ETH. Red flag #4
Lastly:
I posted this in tele...
I noticed conflicting data from their website and their bounty thread. Website says 5% of supply is allocated to bounties, while the bounty thread says %1.. so I asked them in telegram - immediately they deleted my post.. So i asked why? - they responded with "please be polite", I was being polite - so again I asked them the question and they banned me.
Edit: After further research I noticed that they had released their ICO under Tokenmarket. The most likely scenario is that Tokenmarket is keeping the 4% (what a nice fella). I still wouldn't touch this coin with a ten foot pole.
