Quote from: FLOTS(C)AM on March 08, 2018, 06:56:47 AM

After reading the last pages here I just had to create an account and comment as well. After a recommendation from a friend and reading positive ICO assessments, I invested in FLOT in the presale. Only later did I discover the Telegram group, unfortunately.

The admins there were very rude to their potential investors, somebody asking about the odds for the various wins in the lotteries was told to calculate it themselves. Often questions and answers went like this:

Q When will you offer xxx?
A After ico/soon

Q What will the roadmap for 2018 look like?
A What do you suggest?

Q Where can I see the current advertising?
A A lot depends on flot investors creating promotion

It just didn't feel right, they had no real answers. Several times people were told to check the white paper, even though the white paper didn't really contain that much detail. When I read the white paper more closely, I found some basic errors (incorrect roi calculation, usd 1 expected valuation really based on nothing but some different lottery token being prices at usd 1 (with far less tokens in circulation) and a few others) and alerted the admins. I assumed they'd correct this asap, since the wp is such an important document.

But nothing happened.

When I asked them again a few days later I got questions like: What errors? So I would list them again, they'd sheepishly agree that it should be corrected and told me that would happen "soon". Again nothing happened. When I piped up a little louder about this, they booted me out of the Telegram chat after writing the immortal words: "Thank you for your contribution". I contacted the admin in pm and he said they'd get me to correct the wp in exchange for flots, I thought that would be a handy job. But then the pm went silent and I never heard from them again.

My investor friend was still in the Telegram group and asked the admins about the questions I had asked. The admin's answer was that they were "collaborating" with me, which they were not.

FireLotto is all held together with lies and empty promises. "After ico" is a great one, that's when all the cash has been received and can be divided among the team, all the while pretending to still be developing and improving, then slowly decreasing apparent output and in the end you just stop responding to anything and start a new project. If law enforcement knock on your door you can always say it's still "in development".

You have to hand it to them, having a ready and working product was a great move.

For anyone looking to invest now: Buyer beware!

PS After asking a question about the new SEC rules, under which FireLotto is supposed to be registered with FinCEM in the US, my FLOT investor friend got kicked out of the Telegram group too. It's just no way to treat investors with genuine questions.

It's sad to notice, but there are and there were a lot of ICO campaigns with the same conduct in Tele - once you have asked a sharp question you are kicked off right away.