ABYSS first DAICO or SCAM | Bitcointalksearch.org

ljtronics1

newbie

Activity: 66

Merit: 0

Quote from: boss1dg on April 18, 2018, 09:21:07 PM

just bcoz of this situation we can not call it scam .
also this ico is registered in US , so scamming will be hard for abyss .
next thing it is almost confirmed that it has full support of binance team . means binance is confirmed for it .
however project is just above average , not the best .

I guess you have not read this: https://medium.com/theabyss/worlds-first-daico-to-be-conducted-on-malta-370fe1b367c3
They are now in Malta

boss1dg

member

Activity: 350

Merit: 10

just bcoz of this situation we can not call it scam .
also this ico is registered in US , so scamming will be hard for abyss .
next thing it is almost confirmed that it has full support of binance team . means binance is confirmed for it .
however project is just above average , not the best .

ljtronics1

newbie

Activity: 66

Merit: 0

Quote from: zander09 on April 18, 2018, 08:44:56 PM

Quote from: pranazzs on April 18, 2018, 08:26:40 PM

this is just an opinion.
I think Abyss is not a scam because it can be seen from the site https://www.kickico.com/campaigns/56135/the-abyss
the abyss are in position 1 on kickico.
if a scam, it will make kickico become ugly, right?

Yeah I think so
The ABYSS are not scam, I truly believe that the team and their platforms are reliable. Just wait and see on what will be happen in the project.

Do you think this is a breach of trust ? Do you think it is acceptable ?

aonfons

newbie

Activity: 217

Merit: 0

I believe ABSYY is not scam, but the project is successful and self-profitable is not determined. Based on the first DAICO project, it does not guarantee that it will succeed,

zander09

full member

Activity: 546

Merit: 100

CryptoTalk.Org - Get Paid for every Post!

Quote from: pranazzs on April 18, 2018, 08:26:40 PM

this is just an opinion.
I think Abyss is not a scam because it can be seen from the site https://www.kickico.com/campaigns/56135/the-abyss
the abyss are in position 1 on kickico.
if a scam, it will make kickico become ugly, right?

Yeah I think so
The ABYSS are not scam, I truly believe that the team and their platforms are reliable. Just wait and see on what will be happen in the project.

ljtronics1

newbie

Activity: 66

Merit: 0

Quote from: jumbo on April 18, 2018, 08:15:10 PM

That is a usual practice nowadays for ICOs to jump start their campaigns with prearranged VC of fund injections. Yet I totally agree, that the fact, that it breaches the limit for a single transaction is not right and has to be properly addressed by the ABYSS team.

It doesn't look suspicious to me, since they actually show everyone the money. And it is way more transparent, than any pre-sale or private pre-ICO, where you can't see the bonuses/discounts. It is a fair approach, it helps them to secure necessary funds and to make their ICO a success without hurting any other ICO participants. It is better, that that VS came in publicly during the ICO, rather than privately.

I highly doubt if anything Abyss team would do to rectify this, i guess we'll find out soon enough. I'm sure one of the reason that people invested in this ICO is that they set the limit to create fairness for everyone, 99% Ico out there doesn't do this. If they wanted to have VC putting $$$ into it, by all means, no problem if they be upfront about it in which they did not...

pranazzs

member

Activity: 532

Merit: 11

this is just an opinion.
I think Abyss is not a scam because it can be seen from the site https://www.kickico.com/campaigns/56135/the-abyss
the abyss are in position 1 on kickico.
if a scam, it will make kickico become ugly, right?

jumbo

member

Activity: 79

Merit: 29

That is a usual practice nowadays for ICOs to jump start their campaigns with prearranged VC of fund injections. Yet I totally agree, that the fact, that it breaches the limit for a single transaction is not right and has to be properly addressed by the ABYSS team.

It doesn't look suspicious to me, since they actually show everyone the money. And it is way more transparent, than any pre-sale or private pre-ICO, where you can't see the bonuses/discounts. It is a fair approach, it helps them to secure necessary funds and to make their ICO a success without hurting any other ICO participants. It is better, that that VS came in publicly during the ICO, rather than privately.

ljtronics1

newbie

Activity: 66

Merit: 0

I did asked the admin in the Telegram, and he only said "VC", i guess it means "Venture Capital" ? would anyone accept this kind of shit ?
I also found another transaction worth 1M today in BNB though (no limit i guess) (https://etherscan.io/tx/0x22e388c8e02154c4584e4390c390f2293e902bbe1c003532d656d07f917b6903)
This 2 transactions alone accounted for 42% of the sale amount as of this moment lol

sangkler11

full member

Activity: 406

Merit: 103

I am also confused by this situation, I saw the transaction was done about 9 hours ago, whereas the token sale started 10 to 11 hours ago.
I think this is the effect by delayed of token sales from the schedule due to an error at the beginning opening.

investors to be confused, investors think the token sale has been running for more than 48 hours so they buy more than set limit (20 ETH).

ljtronics1

newbie

Activity: 66

Merit: 0

Abyss ICO started yesterday after few major bumper at the beginning, promised to its investor the first 48h of ICO (later changed to 24h) on its website (https://www.theabyss.com/) and Telegram channel that maximum personal contribution is 20ETH. 15 minutes into the ICO, someone already sent 3000ETH to their smart contract (https://etherscan.io/tx/0x776ef0fc44ead8378dbc63528cf363f97e592a534798bd75c811d1ebc17f9a8b), Is this a Scam or a breach of trust ?

Topic: ABYSS first DAICO or SCAM (Read 194 times)