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Showing 2 of 2 results by bigwood
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Topic
Board Beginners & Help
We should not trust any ICO review site, but who can we trust in the ICO world?
by
bigwood
on 15/02/2018, 04:42:07 UTC
It seems that this guy is quite good:
http://ianbalina.com/spreadsheet
Can we trust him?
Who else should we trust/follow for upcoming ICO?

Everyone is saying "do your own research", but where to start?

Thanks!
Post
Topic
Board Speculation (Altcoins)
Re: Just a warning that Sapien Network ICO is a scam.
by
bigwood
on 10/02/2018, 07:17:32 UTC
Based on the following website, Sapien ICO may be a scam:
http://netcide.com/sapien-spn-ico-sophisticated-scam-not/

There are so many red flags:
1. The Sapien (SPN) ICO Compromised or missing escrow: Absence of an escrow account is the biggest red flag to look out for.
2. No technical details in the Sapien (SPN) ICO whitepaper: If an ICO promises to disrupt an established industry without providing any technical or operational details, it qualifies as a scam. Good whitepapers have charts, calculations, specifications, and even code at times. Look at the ETH whitepaper and you will find the difference.
3. For the more technically inclined, check whether the project’s code is open for scrutiny on github. I could not find Sapien on github.

This list can go on and on.

The Sapien team should come out and defend themselves - otherwise, I am inclined to think that Sapien ICO may be a scam.