HETACHAIN IS A BIG SCAM PROJECT.

[PuppyJonathan]

IS HETACHAIN IS A BIG  SCAM PROJECT?

Everything you need to know about Hetachain
 ( noted: this is my own research! This is not an financial advice, so please do your own research )!!

Website: https://www.heta.org/
 
I have research and find 6 points

1/ SOFT CAP
They was announced that they have raised 130million usd in ICO presale ? Someone saw that it was nonsense in the market now? Also they not give the proof of that even dont have the smart contract to show that.
2/ TEAM MEMBERS
Dev team : Co-founder Sultan Ali Lootah - IT Director of Ministry of Health, UAE : if he is the Ministry of Health , Why he not Make a blockchain for Health Industry? Why was blockchain 3.0 Mr. Abdullah Al Dabbous : Founder & Managing Partner of Myfatoorah He very famous in UAE and rich , How he wants to raise money from the people The team dont have experience or skills in Blockchain , so how can make a blockchain 3.0

Two videos in youtube just about 20s. They not talking about Heta Technolog. I'm afriad that they have not any experienced in this field. Blockchain 3.0 is such a big thing. With a knowdleged of those FOUNDERs. I guarantee that they not having any experience in Blockchain field. That is a result they cannot explain clearly what is hetachain

If the dev team come from UAE and Royal Family like this . Why did they not talk about the project in over the world? They must have go over the world and talk about their project. or they dont know how to make a technology speech ?

Another problem is that their TEAM STRUCTURE. How a team come with 11 Co Founder and has no others staffs Dont have any CTO, CMO, CSO, Designers, Blockchain Developers… Why such a big concept like this without public the developers. Of they dont have??? And that why I think they havent had any clue to proove that their team are really doing .

3/ ROAD MAP
Road map: The roadmap has 6 milestones. The project currently is at the third milestone. The second stage was failed as there is no product developed yet. By now the team has only the concept of the product. The roadmap is not detailed enough and short - ends in Q3 2019.

4/ WHITEPAPER
 Whitepaper is poor - seems like talking about same things read many places and more than half of the whitepaper covered by team!. Just some definitions about POS , POW not focus on their algorithm . The white paper consists of 50 pages. There are grammar mistakes in the text. The document is made in the form of a research paper and provides weaknesses of the current blockchain system and offers its solutions to those ECDSA (Elliptic Curve Digital Signature Algorithm) can not be blockchain 3.0

5/ MVP
No MVP in this project , Very risky and negative --   Always call blockchain 3.0 . They really dont have a MVP??
      
6/ COMMUNITY
When people ask about the smart contract and MVP, The dev team don’t answer about this They choose silent, 60k members but less conversations , look like fake users.
      

            
         
      

 

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[aioc]

You have a good point I also saw the thread about Hetachain and looks like a huge project to me almost falls for it better one of the dev come here to check this thread and answer this accusations I think their momentum is lost because of this, might as well address this as soon as possible.

[asyakashi]

You have a good point I also saw the thread about Hetachain and looks like a huge project to me almost falls for it better one of the dev come here to check this thread and answer this accusations I think their momentum is lost because of this, might as well address this as soon as possible.

I see the same thing with you, everything looks great.
but I immediately went to analyze some facts and be careful with this project. I will not rush to decide.

[CoinBlisters]

Hello @PuppyJonathan.  
I want to send a very important and valuable message to you concerning the Hetachain project.  

But I'm unable to send pm.  Bitcointalk says you did not enable receiving message from newbie accounts.
Kindly enable that feature to be able to receive my PM.  

Go to Profile > Personal Message Options > Enable "Allow newbies to send you PMs" , and save .  

Kindly notify me after you have enabled PMs from newbies. 

Thanks.  

[coin-investor]

This is a good example of how a fraud campaign can look like a good project, they are great in making it appears they are worth to invest but of course we need more proofs and they have to show up here to answer these allegations but if this is true I would like to commend you for bringing this up, so many people are looking at this project.

[Bitcoin_Arena]

6/ COMMUNITY
When people ask about the smart contract and MVP, The dev team don’t answer about this They choose silent, 60k members but less conversations , look like fake users. [/size]

The community is certainly very big but not so active because of a very large Airdrop and Bounty program as you can see here https://bitcointalk.org/index.php?topic=5043478.0. Now 5 Million USD for an Airdrop or Bounty is way so much and would definitely make an airdrop seeker so excited. What I noted about most of these ICO projects with large social media communities is that people most of which are no investors just join to receive an airdrop. All the ask about is about the Airdrops and not about the project or ICO

[JonasLim]

Hi i see that Sultan and his business are in the Billion Business. So I think that they dont have any engine to scam people! You can see his profile and his business here

https://www.biztoday.news/2018/11/01/relam-investment-launches-relam-star-program-to-keep-pace-with-world-technological-changes/

[FIEX]

Not my kind of project but also did some extra research.

I focussed on their team and partners and found this.
Look at the team of HetaChain:




Now let's check the team from Relam Investments, the company that invested in HetaChain (same team members):




Just clicked on another partner, Vault-Inc and checked their team (same):





I'm not saying this is a scam but for me some serious red flags.

[fortunecrypto]

Projects look so huge to me, I have commented on their official thread alerting them about the scam accusations, it's up to them know if they are going to answer or ignore these accusations but the accusations seem real to me and had a valid point thanks for posting it here.

[ChandraGold]

I found that their business is legit around the world. Here is the link you guys can see: http://www.foodserviceequipmentjournal.com/cdg-extends-global-footprint-of-las-iguanas-and-bella-italia-brands/

[Royline]

is this team scam? the family have billion USD. so i don't think they make this project and call capital just several hundred million. they do this for what?
this is some information about this team.
http://media-unlimited.info/mu-director-to-arab-strategy-forum-social-media-arent-just-for-kids/

[AnnieJoinathan]

i agree with you about the soft cap you said in the post. when people asking about the contract or some information with this thing the admin not answer or show anything.

[MonicaSteve]

in my opinion i think this is scam ICO. they have a good idea but this is impossible do make it real. and the team def is so rich. they call capital for what? this capital just a little bit with their asset

[dealsmith]

i agree with you about the road map. if the second stage fail i think they can't do anything after that. they won't control all the project

[UsherClara]

i think the white paper they just talk about their team. all of the project they just show us about their team. we don't see a clearly project and how to solve the problem.

[Royline]

hey puppy i see you are right about this ICO. can you show use more about their mistake ?

[JuneTaro]

about the roadmap. when we ask them about their road map they don't answer anything about this problem. i see they just talk about the team. why they do that. are they scam?

[VickyRobin]

i think this team don't have any knowledge about blockchain. i think this project won't success in the future

[JonasLim]

i agree they are a rich team. but i think they don't have any experience with this work. the technology of blockchain really hard, i don't think they can do this

[Dempseyil]

about the road map. when you fail in the second stage you won't do anything after that. every thing will fail for sure