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Re: Does Binance do some diligence upon listing? SONM listing - Not moderated
by
jack0m
on 14/09/2017, 12:44:21 UTC
Dear Mr Frankstein, I don't know why Almeida deleted your posts, it might be a mistake but I do believe his accusations are based on real facts and can't be deemed as FUD.

You claimed the SONM team is working hard to create a product, I won't put this into question for now, as I believe it's too early to draw any conclusion and we just need to wait and see if they're able to stick to the roadmap.
Having said that, I think a business must build its reputation not only based on the quality of a product (which again, cannot be assessed so far), but also on relationships with stakeholders.
So the issue under discussion is about the amateurish, unprofessional and somehow disrespectful way they dealt with contributors, who have been reporting since the very beginning any kind of issues with bonuses, bounty, pre-ICO reimbursement, etc. and experienced lack of support, unreasonable and unjustifiable delay in getting an answer if any, unconsistent answers from different staff members who replied the same email several weeks apart, and contradicting each other, false official statements from community managers, like those announcing all issues with bonus incorrect calculations were solved, while they obviously were not, followed by a later admission there were actually a few "edge cases" to be fixed in "a few days", etc.

I'm trying to be transparent and report my experience with SONM's ICO sticking to the facts, yet I'm not willing to leak my Ether address and the amount I invested, for privacy concerns. As I told you in pm, I'm a rather small investor, but when it comes to some matter of principles, I think behaving correctly and transparently is a must regardless of the disputed amount. I can still provide evidence of the above mentioned shady behavior, if necessary, as one other user on Telegram posted a screenshot of his chats with the support, where they repeatedly promised for over one month they would send him a bonus difference, while he's still waiting for the transaction that was supposed to come in a few days...

Now, that may not be enough for calling it a scam, though it certainly sounds utterly disrespectful and at the very least is a sign of incompetence and unpreparedness to address even apparently minor issues. That's something one would not really expect by a team who aims at something as ambitious as building a global decentralized supercomputer, and should scare anyone who invested their money in this project.