Topic: [ANN] PROOF: Blockchain-powered Marketplace - Proof Token sale has BEGUN! (Read 38555 times)

So this is where it finally ended. Project managers abandon project without any excuse or explanation. Some of us really had trust in this project and saw it as a game changer. It’s sad when you get disappointed this way.

A bunch of conmen.

A black conman.
A fat conman.
A tall skinny conman.

Scumbag youngsters (refer to mugshots above) that have zero sense of responsibility and accountability.
Completely lost all investors fund beyond recoverability.

These guys lost all investors money due to their lack of responsibility and accountability to their own ICO project.
They gave a lot of false and empty promises to lure the people's money and end up with nothing but excuses.

I remember last time when they still have a discord channel, that Mike talked of some report on market analysis and such, on their project.
For months, the report didn't come, but when it does, the report was mainly blanks.
And Mike was touting it to be some great stuff.
From this, one can fairly judge the competency level of Mike "Dummy"-Shazer.

I was even kind enough to suggest to them to maybe fork the then-successful EtherDelta and make some significant improvements on the interface and order book, coupled with reduced fee to attract mass adoption for a start.
And this is supposed to be a very very easy job banking on an already successful dex.
But these scumbags rejected it outright.
Eventually, these scumbags achieved nothing and the Proof Suite project just die out.
And all the investors money wasted.

I should have replied this on time.

The reason why I don't in the first place is because I think lawsuit will bring nothing back, because I think the 3 morons have wasted all the money on contract workers, on office equipment, and on themselves (holidays and such), and have little to nothing left to pay us back, so any lawsuit would probably be just a waste of time.

These people (Tai, Mike, David) are so damn incompetent, they develop a shitty product that nobody uses, then abandon the project to start some new ones, then abandon them too, then got a job as ambassador to Quorum, and throughout the whole journey, these 3 mofos (Tai, Mike, David) continue to sing praises at 3rd-party projects that are completely unrelated to them. I mean, what the hell are you singing praises on others when you should sing praises on yourself? But morons and idiots being morons and idiots, the 3 scumbags (Tai, Mike, David) persistently behave like pimps.

unfortunately the big investors do not also want to show up. People are actually very careful sharing their financial status openly. I in person (although not a big investor) feel okay with whatever happens. I still believe that what goes around certainly comes around.

Last time I suggested to Mike the Moron and Tai the Fatty at discord channel that the AMP can be made to be like a central marketplace where the orderbook is consolidated from various exchanges, so that liquidity is not an issue and large orders can be fulfilled, that such a business model would attract a lot of adoption and make the project a success.

Mike the Moron said they would need to have broker's license.

Tai the Fatty said I was being long-winded with little to no substance.

Nothing but excuses.

Today, I watch this news from Ivan on Tech that Tagomi is being acquired by Coinbase for around USD 75 million to USD 100 million.

Tagomi's business model is so similar to my business model suggested to the Proof Suite team.

If only the Proof Suite team members are competent, the project would probably be just as close in success and the ICO contributors would most probably make some 25x gain at the very least.

Unfortunately, Proof Suite is run by a bunch of totally useless trio, that rescinded on earlier promises, rejected good suggestions, have no sustaining power, etc and ultimately contributed to the project's total failure.

I am 100% thoroughly convinced that Mike the Moron and Tai the Fatty are nothing but fakepreneurs and simply do not have what it takes.

Remember these mugshots for the rest of your life.


Mike the Moron (left), Tai the Fatty (right)

Last time I checked they are working as ambassadors to Quorum.

Don't trust these two guys.

Not saying they are scammers.

Just saying they are totally incompetent as entrepreneurs, coupled with attitude problems.

Anyone?

They either have banned me or removed the channel. There's no way for me to contact the team right now.
Plus, I'm not sure what it would change considering that they've made a ton of promises that were never fulfilled, and I assume the ICO wasn't conducted in a legal fashin. Also, I invested in the first place because they promoted an innovative credit crypto card as a proofsuite product, which finally ended up as a fuzex product (sister company). They did it to raise more money through a different ICO.

Anyway, I really feel betrayed by the PROOF team and I'm sure I'm not the only one, which is why I suggest running a class action.

Have you tried contacting Mike or Tai at their discord channel?

Hi,

I bought in the pre-ico of proofsuite for a lot of money (~ 100ETH)

I bought because the team made lots of promises that were never fulfilled.

Now I'm stuck with useless tokens and the team seems to have completely deserted the project. I'm not able to speak to anyone from their team anymore, nor to connect with any ICO investor.

Since I believe their practices are illegal, I would like to organize a class action with everyone else who has been scammed.

If there's anyone else IN, please comment back on this thread with the amount of ETH you've invested and lost, and details about the team's bad practices if any.

Thanks!

A bunch of assholes that are fucking reckless with our money.
What the fuck! Do you really believe our money grow on trees?
Bloody fuckers.

A conman would cause us 100% loss.
And Proof Suite is very close.

Nothing but a bunch of thieves.

A black thief.
A fat thief.
A tall skinny thief.

Bullshit team.
Bullshit project.
Everything bullshit.

Basically nothing promised in the white paper ever got delivered.
The only thing that got delivered is a DEX that nobody uses + a shit ton and shitload of excuses and lip services why that DEX single handedly encompasses everything that exists in the universe.
Bullshits piling on top of more bullshits.

Bullshit idea like tokenizing patents. What a bullshit.
You cannot even tokenize simpler things like real estate and yet you want to tokenize patents. What a bullshit.
You are like a total idiot that cannot even build an electric car and yet you dream of building a rocket to the moon. What a bullshit.
And you make use of other people's money to try to experiment with your bullshit ideas. What a bullshit.

You should return all the ETH back to the contributors. They are not your money.
Otherwise, you are a thief.

Tai, CTO of Proof Suite here.

First off, we are very sorry for the lack of updates , I am in contact with the original poster of this thread and we will be updating the front page with new info shortly.  We indeed failed you for not being more forthcoming; but we are a very small team undertaking some big projects at the moment.  However, this is no excuse for my own lethargy in keeping you all up to date.  I would like to use this post to elucidate on the current state of development as an olive branch moving forward.

To put it quickly: we divided up the overall AMP project into 3 parts: a token issuance platform (togen), token exchange (AMP), and asset information (Avocado) datastore.

First, AMP has released as a very early beta.  It has not implemented the rewards contract yet (https://github.com/ProofSuite/proof-cryptodollar/blob/develop/contracts/Rewards.sol) so token holders cannot make use of the rewards function yet for a couple of reasons (as you can imagine, the tokenomics of the space have changed quite a bit since we first wrote our whitepaper).  The first is that we have postponed the 'cryptofiat' integration in favor of a more established support token in the form of USDC and DAI so some of our initial liquidation plans fell through.  Second, development on AMP has been slow as the small teams we had organized for open source development fell apart with the collapse of the crypto prices and interest in developing for blockchain fell out amongst certain members, so David is pretty much managing that entire platform's development.  Please be nice, he is working himself to the bone and I am extremely protective of his mental state.  If you need to vent to or attack someone in Proof, I volunteer myself as tribute.

Now, to address the Avocado in the room.

Avocado is the 'Assurance' side of the Assurance Marketplace Protocol (AMP) ecosystem (https://www.avocadoterminal.com).  It occurred to us that validation through a fully decentralized 'Augur' type of system was not going to cut it and rather that sentiment surrounding upcoming tokens was not just based on market effects but a bevy of other factors from basic site analytics (ala alexa siteranks), to social media buzz, to the projects/companies themselves.  Keep in mind this is about more than just analyzing an initial offering but also the longevity and output of a project in order to avoid this exact situation we find ourselves in.  To address this subjectivity, we began building Avocado.

In order to allow for the best assurance voting on the AMP marketplace we needed a market effect of users sounding off and broadcasting opinions about specific assets in a given time-window in the market.  Initially we wanted to keep it on brand and call the platform X2-Assurance but settled on the more succinct 'Avocado' because we are Millenial brats after all

There's a pre-alpha of X2-Assurance here: "https://x2.proofsuite.com"
Keep in mind the above is not the platform which can be found here: https://www.avocadoterminal.com


Although it may seem that we have diverted resources from the AMP exchange to Avocado, Avocado is not a Dapp and therefore is much much easier to develop for.  We began working on Avocado after AMP but it passed that project due to its ease of development and it consists of a team smaller than AMPex.

We developed Avocado as our unifying piece between issuing new assets (togen.io) and placing assets on a marketplace (amp.exchange); you can even access these platforms on Avocado with commands 'togen' and 'amp'.  Likewise, we have envisioned Avocado as the central place where we will be placing any alphas/betas of awesome skunkworks projects our community or ourselves are working on rather than releasing a bunch of new sites. 

Now, for the connecting piece: as teams enter the ecosystem we will add them as 'Institutions' whose members you can chat in realtime with as well as see our automated analysis score for the offering (there's a preview of this on the 'analysis' section of the avocado dashboard).    As we move forward, we will be adding a 'vote' command and section to the site allowing people to sound off with their voting on new STO, IEO, and regular ICO assets in a kind of 'augur-lite' way with the outcomes witnessed by other institutions and the issuing institution itself (letting any team 'face' their detractors) with percentages of market activity funneling back to token holders.  Of course, this isn't a good enough usecase for creating a platform unless we want mass bounces.  We need the network effect first-- so we are focusing on getting both retail and institutional level investors on board so we can mine the most well informed opinions and generate the best insights. 

Finally, I would like to use this post to announce that we will be rolling out crypto payments for Avocado subscriptions by the end of Q1 2019 (tentative barring any major technological set backs) and any full token holders of PRFT will be able to use their tokens for a PRO account on Avocado for as long as they keep the token locked in the escrow contract associated with their Avocado account (the architecture of this is probably going to change but as it rolls out more info will be available.  We are also considering a burning method as laid out by Vitalik but we are still debating the details) as well as allow for priority voting on the vote module of the platform and a possible revenue share of the PRFT-basket as it grows (like a closed-end structured offering.  The details on this are not final.)  Hopefully, this will help to ease the wait as we build liquidity on the full AMP ecosystem (great place to get USDC btw) and get the more robust rewards contract deployed alongside the exchange.

So in summary, here are the projects' (in various states of dev)  URL's for the curious:

AMP (early-beta.  We are still trying to crack the DEX egg and refuse to give up because the concept is just too cool.  Visual and UI/UX enhancements on the way) - https://amp.exchange

Token Generator (beta.  This is the closest we've come to replicating our original proof asset dashboard with better support for minting contracts and proper erc-2X token issuance) - https://togen.io

Avocado (V1 release.  This is the beginning of our data services platform specifically tailored to analyzing market data and allowing people to hear about new issuances amongst many other uses)  - https://www.avocadoterminal.com

Apologies once again for the lack of announcements on here.  We are trying to take our time with a steady stream of releases but are indeed a small team so things come in fits and starts. We have a new discord here: https://discordapp.com/invite/eChaHFk where I am available to talk to anyone and address any concerns.

They may be very silent and greedy when it comes to sharing information on this thread and other media of communication but I think and believe they are working seriously behind the scenes. Let us keep our fingers crossed and hope for good news.  They cannot just disappear like that.

Hey. Tell me please, what about this project? Will it be launched by the developers?

You can join their telegram channel and email them about their progress.

But so far their development has been nothing but disappointment.

They developed this platform called Avocado but who knows who actually tried it out to confirm that it is a legitimate product?

They promised a trading platform that will make use of the token but until now there is no such platform to be seen.

The team is basically 3 young brats that have little to no experience in business (no proven track record) that luckily got USD 3 million in funding and now they can do whatever they like with the money and screw the contributors.

They are very much the type of "my way or the highway" kind of people and closed-minded.

Wouldn't be so bad if they are competent, but unfortunately they are not, so the project is more or less screwed up.

My big mistake for believing in a team of young and inexperienced brats.

An expensive lesson learned.

Not going to invest in any of their future projects again.

I saw that ICO raised $about 3000000 on the official website. So how's it going now? This is a relatively large sum. So far, haven't there been any mature products yet?

This is not news.
This is almost a fact.
The team does not deliver their promises.
No, avocado was not one of their promises.
They said they will develop a trading platform that will make use of the token, but where is such platform?
Avocado does not make use of the token.
So the whole project is just a farce.

where did you get this news, is there any strong evidence you can provide to prove the authenticity of your opinion.

Thank you for the information. I will be very grateful if you could share the link to the telegram group with us.