Just a warning that Sapien Network ICO is a scam.

[BLAST2MARS]

They have scam in their bounty program , they have reduced their share of 25,000,000 to 2,000,000  
Beware from those sapien

That's really bad. They just clearly ruined their credibility and reputation in that way and I am thinking what scammy things they will do next using their project. Its clearly that it reflects the real motives of the team because of this incident.

[Love_my_Crypto]

1. They have no product. They claim to have a product in private beta, but it's a lie. They just put you on a wait list, making you think they have a product.

2. They have no office address or phone number unlike legitimate ICOs.  They admit that they have no office.

3. Co-founder Robert Giometti is just a student according to his LinkedIn. He has no accomplishments and no business running a multi-million dollar company.

4. Even though they have an extremely small team with almost no developers, most team members do not list Sapien Network in their LinkedIn profiles. They are either fake, or they do not consider Sapien Network to be a full time job.

5. The white paper claims to use Meteor.js because it is the "recommended framework for decentralized applications." Meteor.js is mostly dead, as it was replaced with technologies like React.js and Vue.js. There is no recommended framework for decentralized applications.

6. They hired people from low wage countries to join their Telegram chat to talk excitedly about Sapien. These are not real investors, they are paid pumpers.

http://scamya.com/

YOU ARE A BIG SCAMMER SPREADING FAKE NEWS. THE COMPANY IS REAL. THE PRODUCT IS REAL. WE HAVE SEEN DEMO OF THE PRODUCTION. THEIR TEAM DID AMA AND SHOWED THE LIVE PRODUCT WITH TONS OF FUNCTIONALITY

SHOW US IF YOU HAVE ANY PROOF THAT THERE IS NO PRODUCT. PEOPLE CAN SEE THE LIVE PRODUCT IN TELEGRAM GROUP

[seb_kr]

Okay, let's keep it simple :

• Who has had access to there hypothetical "alpha" platform ?
• Where the hell is their smart contract located at ? (on the ethereum network)
• Why are there only bots replying to their topic on this forum ? (announce forum)

[bitcoinzen]

Sapien is full of negative trust in the market with this new scam we again doubt credibility and future of ico now media will publish all icos are scam

[Dinct]

I can't trust any of the projects these days guys. Just few days ago i was ripped off by a coin named Vionex which was the best prepared scam ever. Plus, i have joined the bounty of Saipen and they have changed the rules badly at the end of the campaign. The bounty hunters were not really happy at all.

[seb_kr]

I can't trust any of the projects these days guys. Just few days ago i was ripped off by a coin named Vionex which was the best prepared scam ever. Plus, i have joined the bounty of Saipen and they have changed the rules badly at the end of the campaign. The bounty hunters were not really happy at all.

Well, most of ICOs are selling the idea that they may or may not product in the future if they receive the funds.
That is why a thorough  search is necessary, and also why you should invest only as much as you can afford to lose. 

The problem is : there are people that are working their a** off to produce something and they don't get the media coverage  they deserve because of the pro scammers drawing all attention.

This is bad for both the technology adoption, the ICOs (as a way of startup funding), the companies and the investors.

[SimpleThought]

One of the primary reasons ICOs are so risky is that a typical token sale is not a market, let alone an efficient market. There is no proper price discovery and there is no way to short-sell issued tokens during the listing.

Good news: there is a safe solution for those who want to profit on the knowledge that the ICO is a scam or expecting the company to fail, before the tokens are listed on the exchanges.

The answer is prediction markets:

Will SapienNetwork token (SPN) cost twice the ICO price at the end of 2018?

In short:

* The market is not tied directly to the crypto currency exchange rates and depends on the effective token price in USD, making it immune to ETH volatility
* It allows to short-sell and bet against the success of the ICO

If you are not familiar how prediction markets work, you can read it here.

[luckybit1]

 I will study the information right away..i was part of the airdrop few days away.. a lot of fraud in the field related to the industry.many projects are scam and investors keep losing their money in the process.

[maxim4eg123]

Right now I still think it is a scam, thank you for appreciating it from the beginning really good for you and everyone.

[odirachris]

I do not expect scam. It was a project I was very trusting about. I have recently been afraid of investing in ICOs.

I will go that far to call it a scam, but I believe it is not worth that much.
Some college students wanna disrupt facebook? I don't think so.

Don't mean to defend sapien network, but don't forget that Facebook founders were college students when they launched Facebook 

[odirachris]

From what I see here, seems like majority of people saying bad things about sapien network are people that are not happy that they changed their bounty program rule towards the end of the bounty.

I have done a bit of research about them and everything seems legit to me, except that their team doesn't have a lot of experience. It also seems like they will be launching in April (saw the news in their telegram announcement channel).

It will be interesting to see how all this plays out.

[pandukelana2712]

I found this in Sapien telegram group: https://t.me/sapienglobal
The official sapien network must clarify at this thread



We can see big numbers their member. Almost 40k members
If each members send 0.001 ETH to SALES ADDRESS , the SALES wallet will have 40 ETH ( $ 15.500) in few days.

The question is:
1. Why admin of their group deleting my question about it?
2. Why send to SALES ADDRESS? For make sure active wallet, you just send it to Contract Address. Not to Sales Address.

PS: Until this day, that wallet has 0.234 ETH https://etherscan.io/address/0x95393b7c3A734A6EF9e702150CC929bE28B165d2

Most of tx are 0.001 ETH
      

[shadowtree]

I'm getting sick from the massive amount of scam ICOs, almost makes me want to quit crypto and its hurting the mainstream reputation of crypto.

[iwon2016]

This thread must be blushing now that Sapien Beta is live and public!

[newegggo]

This thread must be blushing now that Sapien Beta is live and public!

I am glad to hear that. At least they are trying to deliver things.
But I learnt that they changed the ICO terms which I don't like.

[kirstiemorton23]

Very bad news, even though I do not know the truth yet and need more information, I will keep checking this news, many of my friends participate in this project, I am sure they do not know this news, Tim from Sapien must clarify this news to keep investors calm.

[nicotinko]

Sapien is really scam.
I have completed all the conditions of the airdrop, have sent 0.001 ETH to their wallet twice but haven't received any tokens. When I asked about this shit in their chat they have just muted me! Admin reads and ignores my private messages in Telegram, Twitter etc. And I'm not alone who was suffered. In the chat sometimes appears (and then dissapears) messages, that somebody hasn't receive tokens.
This is my ETH wallet to proof you that I haven't receive anything, despite of fact of that I have sent ETH (see txs in any ETH blockcain explorer)
0xa211D5C8EfE8Ce3133f0deF6c16DE6f65B20A863
And there are the screenshots of me blocked in their chat and pm to their admins who ignores me.
https://imgur.com/a/sWRKm40
https://imgur.com/a/AuLL1A4

Moreover, as you can see in this thread sapien is defending only by newbie's (likely fake) accounts without any proofs except caps lock, insults and referring to youtube videos of sapien.

[nicotinko]

Just now they are filling their chat in Telegram with bots in large amounts (1-2k+ per hour) because of huge members drain in the last several days.

UPD: 5-7k per our. In the morning — <40k members, in the evening — >76k. All the names are "xSjIaoh", "rhiaonto rha" etc)

[havarti]

Does the person who started this post and everyone who was gullible to believe this post feel like a dumb ass? Sapien has their beta site up and running and it looks marvelous!This company is 100% legit.

[Donovan XXL]

I like how so many newbies are here to defend the project.
I don't know if this is a scam or not but this kind of attitude is suspicious.