Sidera.io SCAM

[Tszunami98]

This is the original bountytalk thread.

https://bitcointalk.org/index.php?topic=4770011.0

The website:
https://sidera.io/

The story is:
They apparently sold 3.6 mil worth of tokens (50 mil total supply) in their sale at 2$ per token.

After the sale ended, there is an address that recieved 3.1 mil tokens and they said it was a partner. Well, that partner started to dump hard on the market taking the price down to 0.001$.

Every time i raised questions about this,  the team always responded in general terms like...we are working on it, we will solve the problem. Countless days have passed and the fact that someone just dumped $6.1mil worth of token is not an emergency says a lot.

I have also contacted the "CEO" and founder who is listed in ICOBench experts list Vicenzo Niglio....and guess what, the guy is illiterate, can barely speak a word of english.

They have also paid shills that promote the token on all their media channels saying that now is the time to buy and they ban people who are questioning the obvious fraud.

This is the address that keeps dumping on the market, after they recieved this huge ammount from the main contract address:

https://ethplorer.io/address/0x0e7c39df7bd546fc88036d8565858670cc4c5195

[Yourodiviy]

This is a real scam, a partnership with Decenturion, which is the same scam project, a wallet that sells huge lots of tokens obtained from the address of the project contract ... Telegram admins are banned for asking about this situation. I think they are well aware of what is happening.

[Firefox Italy]

i asked politelly several times info about that, updates on roadmap etc but i was banned on telegram channels.

Bad attitude, bad story.

i hope that someone is working on this project and it will not hide a big scam.

[alrose]

If this project is really scam, it will be a pity. To be honest, the first thoughts about this outcome came to me when some hunters were given tokens for the signature company, despite the fact that they did not carry a signature

[Mark-Krawed]

If this project is really scam, it will be a pity. To be honest, the first thoughts about this outcome came to me when some hunters were given tokens for the signature company, despite the fact that they did not carry a signature

IN addition, the bounty manager Maicol792 itself is participating in signature campaign with the highest stakes. Abusing own bounty should be punish accordingly and these scam and cheating people are just making the Crypto investments image to become more ugly in the eyes of investors.

[FIEX]

If this project is really scam, it will be a pity. To be honest, the first thoughts about this outcome came to me when some hunters were given tokens for the signature company, despite the fact that they did not carry a signature

IN addition, the bounty manager Maicol792 itself is participating in signature campaign with the highest stakes. Abusing own bounty should be punish accordingly and these scam and cheating people are just making the Crypto investments image to become more ugly in the eyes of investors.

How did he abused the bounty?
He had the signature for the whole bounty period and the stakes are correct according to his user level.

That partner is indeed dumping all his assets on the market...
This is a dump and run

Feeling bad for all the investors

[EthereumCanada]

I am not sure why anyone would think that this token was worth $2 each. This "project" has nothing behind it! They have a mock up of a watch and a long list of technology that will never be developed. I think the token price is right where it should be, and that was if the project was legit....which it is not!

I entered the bounty and am glad the only thing wasted, was the time it took to write an article.

[Firefox Italy]

i entered  in this project for the ibm incubator program they told us.....i thought that to enter in an incubator program someone did a due diligence...

[LesClaypool902]

It is a pity, I believed in this project. 

[elbimbo012]

Their team is continuously saying and contradicting all scam accusations in their Telegram group on both bounty and main ICO group. Hence many are still waiting for their so called "manual distribution" that must be already done for 2 to 3 weeks if they really know how to properly distribute their tokens as $2 per coin is too huge for a team not to automate those token distribution. And most were still hopeful as they are already listed in Decentralized Exchanges such as Ethermium, dexbrokerage, etherdelta, and forkdelta, WHICH ISN'T EVEN MAJOR EXCHANGES FOR A $2 PER COIN INVESTMENT. They've been listed so fast yet in low quality exchanges and blaming the one who dumped the coin and still saying they're working in it. HOW WOULD AN INVESTOR DUMP HIS $2COIN TO $.001 QUICKLY? Hope they would stop their telegram chat and admit their project was pure scam, hence no more waits just disappointments.

[Tszunami98]

New wallet address just recieved another 950.000 tokens and dumped 500.000 on the market!!!

https://ethplorer.io/address/0xf1718ea8be0064d20847b0ba244cbf529331f777


Scammers telegram handles:

@aussieboy1979 : lame community manager who spams the chat telling people to buy the token because it is cheap. Bans everyone who asks qustions he does not like.

@EppurnonruppE : marketing and communication ''specialist''. Has no communication skills!

@SamCab : useless community manager with copy paste answers. Unable to communicate at a human level.

@Pacosm : enters every 2 days and spams general messages. ''Thanks for joining'', ''we will investigate''...bla bla bla

@Ifedola : lying about her credentials. Her telegram bios says: ''Moderator,Blockchain expert and Crypto investor''.
I asked her like 5 times what is her specific qualification as a blockchain expert...every time she responded that bountyes will be distributed soon

@giadaBTC : instantly bans everyone to protect the scam!

@vincentngl - The ''CEO"... he is illiterate in english!

[Firefox Italy]

i don't understand why someone of the team ( as nobody else could have smartcontract keys ) would sell for pennies.

even is one founder left the other team member have all the reason to go forward with the project...

[casperBGD]

It is a pity that this project is an obvious scam, i also almost believed in the project, still, i believe in an idea behind it even more and this idea should be developed, despite the fact that the team behind sidera.io is a scam team

[suzanne5223]

Their team is continuously saying and contradicting all scam accusations in their Telegram group on both bounty and main ICO group. Hence many are still waiting for their so called "manual distribution" that must be already done for 2 to 3 weeks if they really know how to properly distribute their tokens as $2 per coin is too huge for a team not to automate those token distribution. And most were still hopeful as they are already listed in Decentralized Exchanges such as Ethermium, dexbrokerage, etherdelta, and forkdelta, WHICH ISN'T EVEN MAJOR EXCHANGES FOR A $2 PER COIN INVESTMENT. They've been listed so fast yet in low quality exchanges and blaming the one who dumped the coin and still saying they're working in it. HOW WOULD AN INVESTOR DUMP HIS $2COIN TO $.001 QUICKLY? Hope they would stop their telegram chat and admit their project was pure scam, hence no more waits just disappointments.

This is a huge sentiments mate . Additionally, all of them are saying that they are in the process of manual distribution. Hence, none of the members are reporting that they have received their tokens in their wallet.

I wonder what do they mean in manual distribution? Do they type the address one by one thus resulting to 10 or more transactions per day

The worst part is the investors money were gone into waste to just a watch.

I believed what they mean by manual distribution is by examine each addresses and they send limited transactions per day. With that been said I want to advice the  OP and every other individuals that invest in the project.
No matter how promising or good a project vision, product and utility is you must not invest into a project which price per token is high than $1. Please always think of the possibility of dump in price of project after ICO.

[Maus0728]

I believed what they mean by manual distribution is by examine each addresses and they send limited transactions per day. With that been said I want to advice the  OP and every other individuals that invest in the project.
No matter how promising or good a project vision, product and utility is you must not invest into a project which price per token is high than $1. Please always think of the possibility of dump in price of project after ICO.

Well, luckily I did not invest nor join their bounty campaign. I just join their telegram channel to investigate how these people make some drama in the middle of the distribution to maybe initiate an exit.

However, I am curious about what the community can do if they proved that this ICO is a legit scam?

Pity for those investors, they were scammed by these inhuman people.

[Firefox Italy]

do you think do they have any exit strategy ??

[Mila52]

do you think do they have any exit strategy ??

About what exit strategy you talk?Such teams and their actions by to dump coins create a negative reputation of projects with ICO for investors. Impunity is the main reason that appearance the scam's projects . I'm silent about bounty hunters. People have lost time...

[Firefox Italy]

i think the idea behind was great....really really poor esecution....

[Tszunami98]

NEW UPDATE!

950.000 tokens just got moved from the main contract address, moved on forkdelta and start dumping!!!

https://ethplorer.io/address/0x3b09e1c048961566c700c0da407a142ea29d50a6


As you can see 1.9 mil tokens got moved in the last 4 days.

Vicenzo Niglio and his scammers should go to JAIL!!!

Enough is enough!

[Tszunami98]

Exit scam confirmed!!!!!

While they are ''sorry'', they keep moving tokens and dumping them on idiots!.

How come an ICO that gathered 3.6 mil $$$ give up the project right after 2 weeks before the sale closed? This was meant to be a scam right from the start.

Nobody will recieve any money back of course...

LETS REMEMBER THAT IN ALL THIS TIME THEY ENCOURAGED PEOPLE TO GO INTO EXCHANGES AND BUY MORE!!!


https://medium.com/@siderablockchain/about-a-ship-without-a-captain-and-a-crew-with-values-3d48da899485