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I don't know if this is allowed and I appologize if I'm breaking the rules of the forum somehow. If I'm not posting in the right thread please direct me to the right one. Our fund has invested in a seed round www.anylog.co and I just wanted to share with everybody why we did it, so I wrote an article the project https://medium.com/@hamletcrypto/anylog-one-of-our-only-two-crypto-investments-this-year-2ad5a6b1d5e7 We are looking for other investors to join us.
Re: Does Binance do some diligence upon listing? SONM listing - Not moderated
Just in case this is going to erased in the other thread I will repost it here as well.
Ilia7777:
"Almedia, you are incredibly stubborn and this is my last reply to you here. It should be clear to everybody reading it that you just want to twist facts eternally to prove your imaginary point. I include here your threats sent to SONM customer support:
"Do you want to solve this without any harm? I give your tokens back in exchange for my BTC back, what do you think? I leave this as it is and I won't be able to do anything. You go along with your business, I don't care."
In your email to support you are blackmailing SONM to give you full refund and make threats. Since you didn't get what you wanted you started this thread."
Ilia7777:
"Almedia, you are incredibly stubborn and this is my last reply to you here. It should be clear to everybody reading it that you just want to twist facts eternally to prove your imaginary point. I include here your threats sent to SONM customer support:
"Do you want to solve this without any harm? I give your tokens back in exchange for my BTC back, what do you think? I leave this as it is and I won't be able to do anything. You go along with your business, I don't care."
In your email to support you are blackmailing SONM to give you full refund and make threats. Since you didn't get what you wanted you started this thread."
Re: Does Binance do some diligence upon listing? SONM listing
Almedia, you are incredibly stubborn and this is my last reply to you here. It should be clear to everybody reading it that you just want to twist facts eternally to prove your imaginary point. I include here your threats sent to SONM customer support:
"Do you want to solve this without any harm? I give your tokens back in exchange for my BTC back, what do you think? I leave this as it is and I won't be able to do anything. You go along with your business, I don't care."
In your email to support you are blackmailing SONM to give you full refund and make threats. Since you didn't get what you wanted you started this thread.
Go ahead and erase it as well and I will repost it in another thread.
"Do you want to solve this without any harm? I give your tokens back in exchange for my BTC back, what do you think? I leave this as it is and I won't be able to do anything. You go along with your business, I don't care."
In your email to support you are blackmailing SONM to give you full refund and make threats. Since you didn't get what you wanted you started this thread.
Go ahead and erase it as well and I will repost it in another thread.
Re: Does Binance do some diligence upon listing? SONM listing
Almedia, deleting my messages is a huge mistake on your part. It only proves that you are not interested in discussion but rather in creating reputation damage. I will make an article from your case which would include my replies.
The whole thing you wrote before boils down to say that I want to damage SONM image since:
(i) a smart contract did everything and;
(ii) I'm complaining because SONM didn't tell me the exchange rate they used.
The first is false, unless SONM developed cross chain amazing tech between BTC and ETH chains, what I know you didn't, you imputed the non-ethereum transactions manually as your own sonm_community profile said, the former is also false because I'm not complaining that you didn't simply tell me the exchange rate, but rather, that you displayed a misleading exchange rate, delivered less both in exchange rate and bonus and, on top of that, refused to explain (still refuses BTW) which criteria you used. You can't explain because you fucked up, intentionally or not, and don't want to appear like a fool/scammer in public.
Almedia, I'm not sure if you are reading my messages carefully. Your transaction was confirmed 2 hours 45 minutes after it was sent. No tokens could be issued before the transaction is confirmed. Is this clear to you or not ? Your question about the exchange rate is strange because you can look up the exchange rate yourself if you like based on the timestamp of your transaction confirmation. Getting USD/BTC exchange rate in realtime is trivial to implement inside smart contract. Take a look here https://www.coindesk.com/api/ It doesn't require any complicated cross chain amazing tech as you put it. There is a HUGE difference though between having the discussion about fairness of your bonus calculations and far reaching conclusions on your end about SONM team trying to steal from you. First type of discussion could end up in a resolution on who is right in this debate while second can lend you in a courtroom. So once again I'm asking you to be very careful with your statements.
Re: Does Binance do some diligence upon listing? SONM listing - Not moderated
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.
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.
Jack0m, as opposed to Almedia your reply is a reply of grown up man. A reply I was actually waiting for. Admitting mistakes is very important and let me do it on behalf of SONM right here. This ICO was done by a young team having no experience in crowdfunding. The project team simply had not enough resources to deal with all inquiries in timely manner and yes organization could have been better and yes there could have been more clarity and consistency. You could complain about not very professional behavior and rightfully so, but there is a red line between doing that and using words like SCAM. SCAM is when somebody is trying intentionally to steal from you, to deceive you and so on. This was never team's intention. SONM can easily go to court against Almedia and win the case and may be it should, so that others would be more careful with their statements. He is trying to create a false picture of the company that has nothing to do with the reality. Team members and SONM tops sleep in the office these days working hard to deliver what they promised therefore such statements make people them quite angry. Let me say it clearly one more time. If somebody believes that something was miscalculated lets take a look at it openly and see if its true.
Re: Does Binance do some diligence upon listing? SONM listing - Not moderated
I deleted some of your posts first because you were stacking the topic with a flood of irrelevant messages, second for being a troll diverting from the issues raised, jumping to conclusions with false premises and, finally, distorting things as you are doing now.
By reading the very posts you collected anyone can see I first replied to you in good faith and kept your messages, you came attacking me at your very first message without commenting anything I wrote.
Good luck with your thread.
By reading the very posts you collected anyone can see I first replied to you in good faith and kept your messages, you came attacking me at your very first message without commenting anything I wrote.
Good luck with your thread.
I wasn't attacking you my friend, I tried to understand your claims, since you've started with unpaid bonuses this is what I focused on. Obviously you have nothing to reply to the subject of the matter. If you wanted to serve the community by cautioning about SONM project that would have been a noble goal. But since you initial claims are false as it turned out what you are doing in reality is trying to cause damage to the project.
If there was indeed unproper behavior of SONM team with intentionally calculating wrong bonuses I would be the first to support you in getting this resolved.
Re: Does Binance do some diligence upon listing? SONM listing - Not moderated
What was the primary issue ? To me the primary issue is that the SONM team is working hard to create a product. There will be Q&A session today and you are welcome to ask any questions if you like.
Everything mentioned by Almedia has been explained by SONM many times over. The polish team, the escrow, the Voronkov story.
You know in stock market there is always the news and the fundamentals. Stocks move over the short term based on news and over the long term based on the fundamentals. It doesn't matter how many unhappy people would try to discredit the project, what is going to matter in the end is the product. So SONM team focus is on the product right now.
About me diverting from main issue I think that I actually focused on main issue. Almedia wouldn't be posting this if he wasn't unhappy, so I tried to investigate this and its clear that to him this is about about 400 dollars worth of tokens he thinks he should have received. However we are not idiots here and we all know what is blockchain and that on blockchain only confirmed transaction is a transaction. How can you calculate bonuses based on time of sending the transaction and not based on time of its confirmation ? Its a bit strange, but Almedia has different opinion. The fact that ethereum isn't perfect and that sometimes it takes hours for it to confirm transactions is something we all have to live with.
Now as I psychologist (I have few degrees and psychology is one of them) I can tell you that he is primarily unhappy with what he considers bad investment on his part. And he is bad investor because he doesn't understand investment fundamentals. He got frustrated with not getting his X whatever too quickly, lost all his tokens to some scam and now instead of accepting responsibility is trying to take out his anger on whom he considers to be the source of his problems. While the source of his problems is himself.
Now if you will forgive I have some work to do.
Everything mentioned by Almedia has been explained by SONM many times over. The polish team, the escrow, the Voronkov story.
You know in stock market there is always the news and the fundamentals. Stocks move over the short term based on news and over the long term based on the fundamentals. It doesn't matter how many unhappy people would try to discredit the project, what is going to matter in the end is the product. So SONM team focus is on the product right now.
About me diverting from main issue I think that I actually focused on main issue. Almedia wouldn't be posting this if he wasn't unhappy, so I tried to investigate this and its clear that to him this is about about 400 dollars worth of tokens he thinks he should have received. However we are not idiots here and we all know what is blockchain and that on blockchain only confirmed transaction is a transaction. How can you calculate bonuses based on time of sending the transaction and not based on time of its confirmation ? Its a bit strange, but Almedia has different opinion. The fact that ethereum isn't perfect and that sometimes it takes hours for it to confirm transactions is something we all have to live with.
Now as I psychologist (I have few degrees and psychology is one of them) I can tell you that he is primarily unhappy with what he considers bad investment on his part. And he is bad investor because he doesn't understand investment fundamentals. He got frustrated with not getting his X whatever too quickly, lost all his tokens to some scam and now instead of accepting responsibility is trying to take out his anger on whom he considers to be the source of his problems. While the source of his problems is himself.
Now if you will forgive I have some work to do.
Re: Does Binance do some diligence upon listing? SONM listing
Again I want to reiterate that my goal with you was first of all to understand what really happened. Its too bad that you didn't like the conclusions I made to a point of deleting them. Obviously you chose to delete it if you have nothing to reply. Here is another thread for everybody willing to read what I wrote https://bitcointalk.org/index.php?topic=2175769.0
Does Binance do some diligence upon listing? SONM listing - Not moderated
Since Almedia that started another thread is obviously just trying to do damage to SONM project, I had to start this one where I'm going to post my replies he chose to delete for everybody to see how lies created on the fly by those having enough time to waste it on forums.
Here is the full not moderated version. https://docs.google.com/document/d/1UwA8gVJj9T6L1of85ZoNG7q-9flcC4sChp_eMRk5_Yw/edit?usp=sharing
And below I'm going to repeat the most important parts of yesterdays conversation with Almedia:
ilia7777:
"I've read your message on page 185. Would it be correct to say that according to your calculations you didn't get about 5000 SNM ? Like I said I'm just trying to understand what is the truth here. According to SONM bonus calculations were explained many times over. So you are saying nobody ever explained to you why did you get the numbers that you've got ? No response, no explanation, nothing, correct ?
Almedia, pardon me for one more question. I checked your address and I see that all your SNM tokens were transferred to an address that is said to be phishing scam. Did you lose all your SNM tokens ? What happened here ?
Latest 4 Erc20 Token Transfer Events
TxHash Age From To Value Token
0x81c0b06b8fa2094957e51e3e825b228aa802eb3c29de7fdd7a68b4faff97627c 30 days 19 hrs ago 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f OUT Fake_Phishing26 50,312.615491048860291764 SONM
0xa2dda1cbeeab478a7e03d466afab6d8be834d2424fa2866cf971b90e3aeac009 72 days 11 hrs ago 0xffa40c76e54b528a3c0538116c387f4131923388 IN 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 195.81214 SONM
0xc35b15f53bf9a38586d4c86fdef227bca431a0e10fef0c279fdae9636b94685b 87 days 8 hrs ago 0x0000000000000000000000000000000000000000 IN 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 37,740.001396386175345915 SONM
0x2665c1b47cf84453bfad5e3e9d6c2fe8e862909ad47fba0224107e3efe44a4af 88 days 22 hrs ago 0x0000000000000000000000000000000000000000 IN 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 12,376.801954662684945849 SONM"
Almedia:
"Yes, it is a phishing address, that happened 1 month ago. I got so frustrated with this scam ICO I didn't even care tbh. Then I came to know yesterday they managed, somehow, to get listed in Binance and I didn't want to let it pass without saying anything, as more and more people might buy that thinking it is a good investment."
Almedia:
"Quote from: ilia7777 on September 12, 2017, 08:42:37 PM
I've read your message on page 185. Would it be correct to say that according to your calculations you didn't get about 5000 SNM ? Like I said I'm just trying to understand what is the truth here. According to SONM bonus calculations were explained many times over. So you are saying nobody ever explained to you why did you get the numbers that you've got ? No response, no explanation, nothing, correct ?
According to SONM where? Provide some link where they say they explained how they calculated the bonus, because afaik they never did. Their only and final email to me saying anything was embarrassing:
---------------------------------------------
1. Bonus rate connected with time of confirmation of transaction, nor it was made.
2. Due our information, you gain 2.5 bonus from transaction 2017/06/16. At 17th, 15:46:20, there was no bonus rates for all contributors.
Timestamp BTC_adr ETH_adr Tokens transfered Bonus multiply
2017-06-16 01:34:09+03 1SnMfzJef62gv4jByDijAa6mNRngYb9MR 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 12376.801954662684945849 1.025
2017-06-17 15:46:20+03 1SnMfzJef62gv4jByDijAa6mNRngYb9MR 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 37740.001396386175345915 1.000
Cheers,
SONM Support
---------------------------------------------
The first fallacy, item 1, is saying they used some "confirmation of the transaction", but the time of the transaction 2017-06-16 01:34:09 is when THEY sent me the tokens, so they withheld the tokens for hours after it was already confirmed in BTC blockchain many times over. So what they are saying here is "we gave you the bonus of the time of the transaction we ourselves did, not actually the time of your actual transaction confirmed to our actual BTC contribution address".
Now item 2, they gave 195.81214 tokens as bonus for a 2.5% over 12376.801954662684945849, now please do the math yourself to see if even this matches... they cannot, or do not want, calculate even a miserable bonus.
This is all without saying they never explained which exchange rate they used to credit tokens in the first place. Their website was showing 1 USD = 9 SNM, but this was not what they actually delivered, they delivered much less. So everything about this ICO is either too dumb or intentional."
Ilia7777:
"The tokens were supposed to be sent by smart contract weren't they ? Wasn't it supposed to be around the same time when the transaction was confirmed ?
If I understand Portuguese correct, this is the time of confirmation of your transaction Incluída Nos Blocos 471433 ( 2017-06-15 20:15:31 + 155 minutos )
It is logical that the time of confirmation would be used instead of time of sending isn't it ?
The calculation gives us that you were supposed to be receiving 13,733 tokens instead of 12,376 but that is using your exchange rate, how did you come up with 0.63 average exchange rate ?
There should be no average there should be only actual exchange rate at that point and again I assume that you want to use the exchange rate at the time of transaction sending and not at the time when it was confirmed. The smart contract obviously can only calculate everything at one point in time. So this is what happened it seems.
From this I make the conclusion that you are trying to discredit good project based on your own assumptions on what was supposed to happen.
Now getting late replies from the support team isn't a good customer support. But this crowdfunding for a startup its not like contacting support of your internet provider. They were simply overwhelmed.
Again please correct me if I'm wrong.
The only thing you should be unhappy about is that they didn't disclose the exchange rate the smart contract was using at the time of token issuance ?
It needs to be verified if it was technically possible at all.
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ilia7777
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Re: Does Binance do some diligence upon listing? SONM listing
Today at 06:53:24 AM
Reply with quote Edit message Delete message #26
I also would like to add that your frustration has to do more with loosing your money recently and not with your SONM investment. When people are saying that they are frustrated it usually means that weren't able to get their X2 quickly right after ICO. When investing in a startup you should understand that its an investment and an investment takes time to provide return. Time and patience. Remember this if you want to be making money.
The end result of your investment doesn't depend so much on how the bonus was calculated. Me and my friends also invested in SONM during pre-ICO and our investment is at least 60 times bigger than yours and you know what, we were buying ETH at its peak and our pre-ICO 20% bonus disappeared completely by the time ICO started because ETH just dropped from its peak. These are risks related to investing in cryptocurrencies. And I'll tell you one last thing, I will be holding my SNM until there is product that people will be using and then I will consider exit with whatever return there will be and I want this to be put on record here on the forum."
Here is the full not moderated version. https://docs.google.com/document/d/1UwA8gVJj9T6L1of85ZoNG7q-9flcC4sChp_eMRk5_Yw/edit?usp=sharing
And below I'm going to repeat the most important parts of yesterdays conversation with Almedia:
ilia7777:
"I've read your message on page 185. Would it be correct to say that according to your calculations you didn't get about 5000 SNM ? Like I said I'm just trying to understand what is the truth here. According to SONM bonus calculations were explained many times over. So you are saying nobody ever explained to you why did you get the numbers that you've got ? No response, no explanation, nothing, correct ?
Almedia, pardon me for one more question. I checked your address and I see that all your SNM tokens were transferred to an address that is said to be phishing scam. Did you lose all your SNM tokens ? What happened here ?
Latest 4 Erc20 Token Transfer Events
TxHash Age From To Value Token
0x81c0b06b8fa2094957e51e3e825b228aa802eb3c29de7fdd7a68b4faff97627c 30 days 19 hrs ago 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f OUT Fake_Phishing26 50,312.615491048860291764 SONM
0xa2dda1cbeeab478a7e03d466afab6d8be834d2424fa2866cf971b90e3aeac009 72 days 11 hrs ago 0xffa40c76e54b528a3c0538116c387f4131923388 IN 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 195.81214 SONM
0xc35b15f53bf9a38586d4c86fdef227bca431a0e10fef0c279fdae9636b94685b 87 days 8 hrs ago 0x0000000000000000000000000000000000000000 IN 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 37,740.001396386175345915 SONM
0x2665c1b47cf84453bfad5e3e9d6c2fe8e862909ad47fba0224107e3efe44a4af 88 days 22 hrs ago 0x0000000000000000000000000000000000000000 IN 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 12,376.801954662684945849 SONM"
Almedia:
"Yes, it is a phishing address, that happened 1 month ago. I got so frustrated with this scam ICO I didn't even care tbh. Then I came to know yesterday they managed, somehow, to get listed in Binance and I didn't want to let it pass without saying anything, as more and more people might buy that thinking it is a good investment."
Almedia:
"Quote from: ilia7777 on September 12, 2017, 08:42:37 PM
I've read your message on page 185. Would it be correct to say that according to your calculations you didn't get about 5000 SNM ? Like I said I'm just trying to understand what is the truth here. According to SONM bonus calculations were explained many times over. So you are saying nobody ever explained to you why did you get the numbers that you've got ? No response, no explanation, nothing, correct ?
According to SONM where? Provide some link where they say they explained how they calculated the bonus, because afaik they never did. Their only and final email to me saying anything was embarrassing:
---------------------------------------------
1. Bonus rate connected with time of confirmation of transaction, nor it was made.
2. Due our information, you gain 2.5 bonus from transaction 2017/06/16. At 17th, 15:46:20, there was no bonus rates for all contributors.
Timestamp BTC_adr ETH_adr Tokens transfered Bonus multiply
2017-06-16 01:34:09+03 1SnMfzJef62gv4jByDijAa6mNRngYb9MR 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 12376.801954662684945849 1.025
2017-06-17 15:46:20+03 1SnMfzJef62gv4jByDijAa6mNRngYb9MR 0x9c9582fb1b6e1e22f4c09f86fda41681241d590f 37740.001396386175345915 1.000
Cheers,
SONM Support
---------------------------------------------
The first fallacy, item 1, is saying they used some "confirmation of the transaction", but the time of the transaction 2017-06-16 01:34:09 is when THEY sent me the tokens, so they withheld the tokens for hours after it was already confirmed in BTC blockchain many times over. So what they are saying here is "we gave you the bonus of the time of the transaction we ourselves did, not actually the time of your actual transaction confirmed to our actual BTC contribution address".
Now item 2, they gave 195.81214 tokens as bonus for a 2.5% over 12376.801954662684945849, now please do the math yourself to see if even this matches... they cannot, or do not want, calculate even a miserable bonus.
This is all without saying they never explained which exchange rate they used to credit tokens in the first place. Their website was showing 1 USD = 9 SNM, but this was not what they actually delivered, they delivered much less. So everything about this ICO is either too dumb or intentional."
Ilia7777:
"The tokens were supposed to be sent by smart contract weren't they ? Wasn't it supposed to be around the same time when the transaction was confirmed ?
If I understand Portuguese correct, this is the time of confirmation of your transaction Incluída Nos Blocos 471433 ( 2017-06-15 20:15:31 + 155 minutos )
It is logical that the time of confirmation would be used instead of time of sending isn't it ?
The calculation gives us that you were supposed to be receiving 13,733 tokens instead of 12,376 but that is using your exchange rate, how did you come up with 0.63 average exchange rate ?
There should be no average there should be only actual exchange rate at that point and again I assume that you want to use the exchange rate at the time of transaction sending and not at the time when it was confirmed. The smart contract obviously can only calculate everything at one point in time. So this is what happened it seems.
From this I make the conclusion that you are trying to discredit good project based on your own assumptions on what was supposed to happen.
Now getting late replies from the support team isn't a good customer support. But this crowdfunding for a startup its not like contacting support of your internet provider. They were simply overwhelmed.
Again please correct me if I'm wrong.
The only thing you should be unhappy about is that they didn't disclose the exchange rate the smart contract was using at the time of token issuance ?
It needs to be verified if it was technically possible at all.
Report to moderator
ilia7777
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Activity: 31
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Trust: 0: -0 / +0
Re: Does Binance do some diligence upon listing? SONM listing
Today at 06:53:24 AM
Reply with quote Edit message Delete message #26
I also would like to add that your frustration has to do more with loosing your money recently and not with your SONM investment. When people are saying that they are frustrated it usually means that weren't able to get their X2 quickly right after ICO. When investing in a startup you should understand that its an investment and an investment takes time to provide return. Time and patience. Remember this if you want to be making money.
The end result of your investment doesn't depend so much on how the bonus was calculated. Me and my friends also invested in SONM during pre-ICO and our investment is at least 60 times bigger than yours and you know what, we were buying ETH at its peak and our pre-ICO 20% bonus disappeared completely by the time ICO started because ETH just dropped from its peak. These are risks related to investing in cryptocurrencies. And I'll tell you one last thing, I will be holding my SNM until there is product that people will be using and then I will consider exit with whatever return there will be and I want this to be put on record here on the forum."
Re: Does Binance do some diligence upon listing? SONM listing
Almedia, deleting my messages is a huge mistake on your part. It only proves that you are not interested in discussion but rather in creating reputation damage. I will make an article from your case which would include my replies.
Re: Does Binance do some diligence upon listing? SONM listing
Almedia,
You are ignoring my question. While others clearly stated what was their experience, I don't see any facts and numbers from you. I understand that you are frustrated, so I'm trying to understand what exactly happened and what kind of solution would have satisfied you now should SONM decide to review your case and cases of others ? It seems that they were just overloaded with work, not necessarily there was bad intention on their side. Unfair behavior to investors would be just plain stupid.
You are ignoring my question. While others clearly stated what was their experience, I don't see any facts and numbers from you. I understand that you are frustrated, so I'm trying to understand what exactly happened and what kind of solution would have satisfied you now should SONM decide to review your case and cases of others ? It seems that they were just overloaded with work, not necessarily there was bad intention on their side. Unfair behavior to investors would be just plain stupid.
Re: Does Binance do some diligence upon listing? SONM listing
Well, it is disappointing that Binance is listing this terrible ICO token. I was SCAMMED during their ICO upon sending BTC for sonm tokens, they scammed not only me but some others (ask jack0m -- legendary -- and others), it is everything in SONM ANN thread with proof of the transactions, and all my addresses, so you don't need to believe me, just check from here and following msgs:
https://bitcointalk.org/index.php?topic=1845114.msg19966184#msg19966184
SONM dismissed SebastianJU as escrow just before the start of the ICO and didn't tell him, yet they kept his name in their ANN thread as escrow. Again, don't need to believe me, ask SebastianJu himself if you don't believe, he is a highly respected escrow in this community.
SONM swindled his polish team, kicking them out of the project after they worked. Check the thread https://bitcointalk.org/index.php?topic=1895293.0
In that thread, Barnaba and krzyszpPL are ex-members of the polish former branch of the team. They were SCAMMED, look carefully at that thread, send messages to them if you want to check these claims, their names and faces are public there in the links.
Andrew Voronkov was a founder of SONM who LEFT THE PROJECT just after the ICO due to this scandal. Voronkov is a scientist and brought his polish colleges from @drug_discovery project which uses BOINC technology for grid computing. He obviously kept appearances and didn't want to comment, but the fact is that he left the project he himself founded.
During my "communication" with SONM, they showed repeated times they were not reading my emails. They finally tried to reply in the ANN thread with falsehoods and implicitly accusing me of some bad intention, while I was trying to talk for weeks and they only gained time saying they had a lot of emails and blah blah. They gave me tokens the moment they chose, manually processing my contribution nearly 5 hours after I sent the transactions, finally they gave me a worse exchange rate and wrong bonus. I published all the transactions, I even signed to prove ownership of the BTC address I contributed with, and they ignored for over a month saying there were "scam" attempts, when finally they came with a pathetic reply.
They were BANNING people who were complaining about those issues in their slack and telegram channels. They are really a greedy disrespectful untrustworthy bunch.
I asked many times for a refund, they ignored, showing how greedy they are and how they don't give a shit about their community.
Don't delude yourself with websites, names and marketing, this project is an outright marketed scam and I'm very disappointed Binance decided to list this junk.
They published one of their marketing videos promising Bittrex listing just after the ICO, but the truth is Bittrex listed half a dozen or so coins/tokens/icos after sonm's ICO, and they didn't list SONM, why? Well, maybe is because SONM contract is not even verified at etherscan:
https://etherscan.io/token/0x983f6d60db79ea8ca4eb9968c6aff8cfa04b3c63
Their reputation is "neutral" there, meaning they lack (click on the reputation to see):
3) 'OK' reputation
An OK reputation is not an endorsement, but it is of our opinion (and at our own discretion) that the project has (either or a combination of the following criterias):
a. provided sufficient and accurate information
b. clear project goals and communication
c. visible profile of the project founders/backers/advisers
d. no significant 'red' flags (that we were aware of at the point of time the reputation score was assigned)
e. the token is traded/listed on a major crypto exchange which has AML/KYC checks (i.e coinbase, poloniex, kraken, bittrex, yunbi or a similiar exchange)
Or maybe is because Bittrex checked all the problems above (as probably the etherscan team did). So they most probably didn't get approved in Bittrex compliance process, they applied nearly 3 months ago (around mid of june), as they also didn't get an OK reputation in etherscan.
Let all be aware of this shitcoin, trade it at your own discretion.
https://bitcointalk.org/index.php?topic=1845114.msg19966184#msg19966184
SONM dismissed SebastianJU as escrow just before the start of the ICO and didn't tell him, yet they kept his name in their ANN thread as escrow. Again, don't need to believe me, ask SebastianJu himself if you don't believe, he is a highly respected escrow in this community.
SONM swindled his polish team, kicking them out of the project after they worked. Check the thread https://bitcointalk.org/index.php?topic=1895293.0
In that thread, Barnaba and krzyszpPL are ex-members of the polish former branch of the team. They were SCAMMED, look carefully at that thread, send messages to them if you want to check these claims, their names and faces are public there in the links.
Andrew Voronkov was a founder of SONM who LEFT THE PROJECT just after the ICO due to this scandal. Voronkov is a scientist and brought his polish colleges from @drug_discovery project which uses BOINC technology for grid computing. He obviously kept appearances and didn't want to comment, but the fact is that he left the project he himself founded.
During my "communication" with SONM, they showed repeated times they were not reading my emails. They finally tried to reply in the ANN thread with falsehoods and implicitly accusing me of some bad intention, while I was trying to talk for weeks and they only gained time saying they had a lot of emails and blah blah. They gave me tokens the moment they chose, manually processing my contribution nearly 5 hours after I sent the transactions, finally they gave me a worse exchange rate and wrong bonus. I published all the transactions, I even signed to prove ownership of the BTC address I contributed with, and they ignored for over a month saying there were "scam" attempts, when finally they came with a pathetic reply.
They were BANNING people who were complaining about those issues in their slack and telegram channels. They are really a greedy disrespectful untrustworthy bunch.
I asked many times for a refund, they ignored, showing how greedy they are and how they don't give a shit about their community.
Don't delude yourself with websites, names and marketing, this project is an outright marketed scam and I'm very disappointed Binance decided to list this junk.
They published one of their marketing videos promising Bittrex listing just after the ICO, but the truth is Bittrex listed half a dozen or so coins/tokens/icos after sonm's ICO, and they didn't list SONM, why? Well, maybe is because SONM contract is not even verified at etherscan:
https://etherscan.io/token/0x983f6d60db79ea8ca4eb9968c6aff8cfa04b3c63
Their reputation is "neutral" there, meaning they lack (click on the reputation to see):
3) 'OK' reputation
An OK reputation is not an endorsement, but it is of our opinion (and at our own discretion) that the project has (either or a combination of the following criterias):
a. provided sufficient and accurate information
b. clear project goals and communication
c. visible profile of the project founders/backers/advisers
d. no significant 'red' flags (that we were aware of at the point of time the reputation score was assigned)
e. the token is traded/listed on a major crypto exchange which has AML/KYC checks (i.e coinbase, poloniex, kraken, bittrex, yunbi or a similiar exchange)
Or maybe is because Bittrex checked all the problems above (as probably the etherscan team did). So they most probably didn't get approved in Bittrex compliance process, they applied nearly 3 months ago (around mid of june), as they also didn't get an OK reputation in etherscan.
Let all be aware of this shitcoin, trade it at your own discretion.
Almedia, can I ask you to focus on facts please. How much you've invested ? How exactly your bonus was miscalculated ? Which exchange rate was used, which one was supposed to be used and why ? How many tokens you think that you didn't receive as a result ?
Hi everybody I'm just trying to find some information and therefore I would like to ask everybody pretty stupid question. BlockChain Capital have raised 10 million dollars into a first ICO for a regular venture fund and there a BCAP token. From what it seems BCAP token is simply trading on the news of the fund with no relation whatsoever to what happens to its assets ? I know that all crypto is like this, but in case of a venture fund this seems pretty odd. The whitepaper goes on 70 pages to tell the investors that they have no rights and that the management can do whatever they want. Its fine they are trying to protect themselves from all possible legal troubles given that no VC fund ever done an ICO before.
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
wow 10th/s network hashrate..
Seems like there is quite a bit of interest in DCR...hashrate keeps climbing.
It's almost the most profitable coin to mine, and now that there is the dualminer with ETH, which is the most profitable coin to mine, it makes sense that hashrate would rise. I wouldn't necessarily expect price to rise though, more likely to drop as farms and stuff dual-mine and dump.
At this price and that diff. it isn't even capable of covering the energy bill.
I got 5 GH/s at 1.000 Watt.
1 KW = 0,24
1*24*30*0,24 = 172,80 Energy costs
Outcome = 2,5 DCR / day
2,5*30*0,0035 = 0,2625 BTC / month
1 BTC = 400
400*0,2625 = 105 revenue
172,80 - 105 = 67,80 loss / month
Completely different picture over here. Residential electricity 0.05 cents US. Commercial below 3 cents. So it is profitable and Decred will see some hashing power coming from Eastern Europe.
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
That said, I do have some ideas on how to commercilalize Decred blockchain but it would need to become permissioned one, it would have to let go the currency altogether and do some heavy very specialized development for our industry needs. I'm not even going to ask Decred developers if they are interested cause obviously the answer is going to be no.
I have to agree with myagui on this one. It wouldn't be difficult to hire your own blockchain specialist. The real question I have would be why?
From your statements it sounds like you want a private blockchain in addition to a permissioned one. What would a blockchain do for your industry that a database doesn't? Unless it is going to interact with another public chain such as bitcoin, decred, or even ethereum.
Regarding hiring blockchain specialist I've already started these discussions. With regards to the use of the blockchain for our industry. It is actually perfect we have tones of compliance related stuff for each and every money transfer occuring. Plus compliance on each and every partner that we do and we have more than 500 partners worldwide. Everybody is collecting their own copy of the same info, everybody is driving each other crazy to get the documents apostilled by the govt to verify that they are indeed original. I can go on and on. Blockchain is perfect solution. When it comes to the actual money transfer bypassing SWIFT and regular financial system altogether is also great idea to make it all cheaper. Collecting passports of the sender and recipient on the blockchain for every stakeholder to see is also very useful.
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
That said, I do have some ideas on how to commercilalize Decred blockchain but it would need to become permissioned one, it would have to let go the currency altogether and do some heavy very specialized development for our industry needs. I'm not even going to ask Decred developers if they are interested cause obviously the answer is going to be no.
It` clear that there is no biz plan for Decred. Do you have one to offer? Or do you have any ideas?
Why don't we let the public decide what to use public Decred blockchain for. When it comes to our company or any company in money transfer business in the world the chances of using unpermissioned blockchain for its business activities are zero. That is unfortunate reality I repeat.
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
That said, I do have some ideas on how to commercilalize Decred blockchain but it would need to become permissioned one, it would have to let go the currency altogether and do some heavy very specialized development for our industry needs. I'm not even going to ask Decred developers if they are interested cause obviously the answer is going to be no.
Take your government cock-sucking regulatory permission ideas and shove them up your ass!
This post is reported to moderator. But I just want to say to everybody, make no mistake I'm not in favor of total gov-t regulation of everything and definitely support public blockchains. All I'm saying is that unfortunately the future is not going to be what we would've like it to be.
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
That said, I do have some ideas on how to commercilalize Decred blockchain but it would need to become permissioned one, it would have to let go the currency altogether and do some heavy very specialized development for our industry needs. I'm not even going to ask Decred developers if they are interested cause obviously the answer is going to be no.
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
Not to say that those arguments are entirely without reasoning, but there's some wild predictions being claimed as the certain future there, lacking any substantive evidence whatsoever. Were can I get one of them crystal balls please? 
You could read Morgan Stanley predictions on the future of blockchain which I referenced above in my earlier posts. I totally understand where they are coming from as I deal with this stuff daily. I'm in charge of foreign business development for the largest money transfer company in Europe and third largest in the world with 20 billion USD turnover. The regulation is so heavy that its a real obstacle to our work and NOTHING is going to change that. If we move even 1% of our operations to blockhain not asking the regulator we are going be closed tomorrow.
Re: [ANN][DCR] Decred - Hybrid PoW/PoS | btcsuite Devs | Tons of New Features | Go
Real transactional volume is going to be on permissioned blockchains, all public ones will become heavily regulated and the rest is going to be used by darknet. This is the future like it or not. Few currencies is really enough. From my perspective even one is enough. Businesses don't really want to duplicate infrastructure to support new currency. People can pay with bitcoins and that is enough unless the network is going to go down completely the chances of which is quite slim.