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Author Topic: No team on "Vantum" ICO, suspicious activity.  (Read 404 times)
The Cryptovator (OP)
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October 18, 2018, 06:56:36 PM
Last edit: October 18, 2018, 08:03:21 PM by Coolcryptovator
 #21

They have repeatedly stated that the team and whitepaper will be uploaded in August, and have been completely transparent in this fact over their Telegram community. In fact, their whitepaper was released today. You just mentioned they said the team page will be up before the ICO, and the website clearly says the ICO is on the 1st of September... I am pretty sure it's still August.

Can we ask what is the update? Its seems they exit with fund. Is bounty stake distributed ? @Parodium can you explain about it?  http://archive.is/T1j6N

As far as I am aware the project has ceased development, I do not believe they raised any money during the ICO.

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I do not believe anybody was scammed by the project, looks to me that it just failed miserably.

So bounty participant will not get payment ? You didn't stop bounty even I opened scam accusation and you aware about it.

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October 18, 2018, 07:06:13 PM
Last edit: October 18, 2018, 08:25:53 PM by Parodium
 #22

As far as I am aware the project has ceased development, I do not believe they raised any money during the ICO.

The founder of the project has abandoned ship leaving the rest of the team to potentially continue with development since the MVP and most things are already complete.

Here is the founder's personal information:

https://www.linkedin.com/in/riseab0ve/
https://www.facebook.com/kway.day

Currently I am waiting on the remaining team to see whether they'll be taking over the project.

Last conversation with Francis (CEO);

https://i.imgur.com/lo0gKpn.png

Last conversation with their advisor

https://i.imgur.com/q1cVcOC.png

EDIT: Looking at the smart contract, it doesn't appear that any money was raised;

https://etherscan.io/address/0x44639a9296384B6fEEEb5585F6Cdee1674EF3721

His advisor confirmed via Discord that no money was raised, which is likely why the founder abandoned the project.

EDIT 2: Their advisor has been helpful enough to provide me the Facebook of Francis' partner and their business details. If anybody needs this, send me a PM. I do not believe anybody was scammed by the project, looks to me that it just failed miserably.

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So bounty participant will not get payment ? You didn't stop bounty even I opened scam accusation and you aware about it.


Why would I stop the bounty? Your scam accusation related to the lack of team, an issue which was resolved. My bounties are run via a Telegram community and the bounty hunters were told that the ICO was stopped. Since the development was still continuing to the best of my knowledge there was no reason to suspect the bounty would not be paid. It is entirely up to the bounty hunters to participate given the conditions of the bounty and the information presented.

Seems like you are trying to transfer the blame to me, the bounty manager, does that seem like a logical thing to do? Firstly, the bounty clearly states in the rules that it will not be distributed if the ICO soft cap is not met, why would anybody want tokens from a failed project that are worth literally zero and not listed on any exchanges? I clearly responded on the first page saying I would lock the thread if the issue is not resolved, it was resolved and the bounty was stopped shortly after I found the ICO was being stopped on request of the founder.
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