Team with 25% of coins .... CHECK
Private Investors that are Friends and Family only ..... NOT
Announcement of ICO 2 times and did not happen .... CHECK
No community tokens unless you use THEIR app .... CHECK
Community Distribution.... ZERO
Attempting to cover the team from SEC because of ICO... CHECK
Making it sound like the Pre Sale people can be included because otherwise he would have a HUGE problem and need to refund people the millions of dollars collected OR he can justify it that they are friends and family when they are not.
Last but not least.
CREATE A HUGE BUZZ ABOUT THE TOKEN WITH FAKE ICO's and THEN HAVE HIS TEAM AND INVESTORS (aka family and friends) drop loads of tokens on the crypto community.... CHECK
DAMN this is a great Ponzi... If he obides and doesn't hold an ICO he is fucked and if he does he is fucked.
Marshall, get out the KY buddy cause you are getting fucked one way or another
No body lost any money, so not really a scam = CHECK
You did not get to be an ico flipper = CHECK
Honestly at this point you didnt lose a penny and if you don't want to buy at market price then beat it. Pre sale investors have invested since a long time when you didnt even hear about Metalpay. So stop crying and calling a scam when you are just butt hurt about not getting hold of some tokens for selling in exchanges.
Ok so ico did not happen and its disappointing as I also was holding eth since 25th may and looking to buy in. Eth is since up 40% so I am very happy i made gains. Frustrated that didn't get hold of any metal.. But i will look to buy in exchanges or use the app. Not cry like newbies on bitcointalk.