These people are shady AF, let me explain :S
Refunding 25% of pre-sale, hmm??? Most would say, hey that's good, they refunded you, at least you got something... right... but the way it looks they planned it this way from very beginning and there is plenty of facts to confirm my theory.
They collected most of funds, like 90% of all their funds was gathered during pre-sale, aprox. 2400 ETH. That being said, what ever marketing they purchased and legal that costed 75% of 2400 ETH... A lot of money right... The problem here is there was no marketing done, absolute 0, if you think sending few emails out and purchasing bots for telegram costs that much you're in wrong and I haven't seen anything apart from that sadly. During ICO I was watching this project very closely and I've noticed to many things that were screaming NOOO... I lost the trust in project when people confirmed they were buying bots for telegram, which is no no no in my book, you lost all my trust there already. Don't forget ETH was aprox. 900$ back then, so yeah, lot of money went somewhere .)
Anyway today I got 25.68%, which is 2.5 ETH, out of my initial 10 ETH. If just my 7.5 ETH was spent on marketing we would not have only few dozen investors during 1 month long ICO sale...
On Telegram and I've asked exactly this: "Is it possible to give some better insight or even better a 3rd party report, since you said you used 3rd party accounting / legal team etc. and that you will be fully transparent or is this no longer the case?"... That message was immediately removed, I don't know why exactly, but I guess I stepped on someones toes.
Now I'm seeing a message on telegram that they will be releasing information after refund is done, haha. No matter what they publish I don't believe those people not a tiny bit.
This could be lesson to us all, let's setup smart-contact, write whitepaper, get up a simple website running and voila we have ICO, we spend few ETH for tiny bit of exposure and MILK the cow, after we milked the cow we say we didn't reach the soft-cap and we refund 25% of funds gathered, good deal? Anyone up for it? PM me.
(being sarcastic obviously, but that's sadly exactly what happened)Are they not updating people of how/what happens from now?.... They posted daily on Twitter right up to the point of where they run out of time and then just go silent.
Would of been nice to see something from them
Yeah, posting daily on twitter for gaining credibility and gaining momentum (hype), nothing else, was pointless stuff anyway, nothing valuable... There was a lot of random emails as well of what and how they are doing this and that... Lot has been said, but not much has been done as you can see your self.
I'm sure who ever posted those tweets got paid around 100 ETH per tweet, because that's the only way I can see them spending all this ether (millions in USD value) and don't forget all this money they gathered in pre-ico, because main ICO sale was horendous and there was barely any investors (that's what happens when you spend 75% of your funds on marketing and not 100%, haha).
