Topic: 📢📢 [ANN] RENOVATO - new exchange company - page 3. (Read 2111 times)

First of all, we are NOT calling you a scam or scammer. If you go the link below you will see that. You have a fake team member and you refused to provide valid evidence of your team member's real name. An honest project will NOT refuse to answer a simple question. And just because you uploaded some pictures to this forum, it doesnt mean anything, it could be stolen pictures. There are no dates on them and you dont want to make a video.

You don't have a reason to sue ICOEthics.com, there is absolutely nothing about your project on the website. ICOEthics just lists on the site when a project is accused of scam.

And about your website:

Domain Created: 2018-08-31
Domain Age: 6 months 2 days 
Domain Name: RENOVATO.IO
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: www.namecheap.com
Updated Date: 2019-02-15T06:39:18Z
Creation Date: 2018-08-31T18:59:18Z
Registry Expiry Date: 2019-08-31T18:59:18Z
Registrar Registration Expiration Date:
Registrar: NameCheap, Inc
Registrar IANA ID: 1068
Registrar Abuse Contact Email: email
Registrar Abuse Contact Phone: +1.6613102107
Reseller:
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Registrant Organization:
Registrant State/Province: Panama
Registrant Country: PA
Name Server: DNS1.NAMECHEAPHOSTING.COM
Name Server: DNS2.NAMECHEAPHOSTING.COM
DNSSEC: unsigned

The information about your website ownership is hidden. And you registered your website with a company fromPanama. WHY PANAMA? Just in case you get sued?
at least ICOETHICS is registered in the US and ICOEthics is not selling anything like you are.

We have seen many scammers buying a website 6 months before starting their token sales, extend the sales until the website expiration date. Website expires and everything about the token disappears, bounty hunters don't get paid, etc. And the pump and dump start...

Why you didn't buy your site for 2+ years.  WHY you choose NAMECHEAP.com a well know site used by scammers and with a bad reputation on the internet? Why you didn't use something safer and reputable in the US - Investors will be safer with their data, etc... 

Well, you don't want to talk about data or answer questions. That's why we created this thread below and if you want it to go away, answer questions and provide evidence as all other transparent project does.

WARNING - FAKE TEAM MEMBER
https://bitcointalksearch.org/topic/renovato-suspicious-project-with-a-possible-fake-team-member-5116514

My direct telegram is renovatosto or email directly as well at [email protected], all emails replied back to.

We've simply started this exchange with a group of traders and myself to allow new traders to benefit by following us and/or fellow profitable traders. It's a win win for both sides and it benefits the entire trade community. This is also a STO so our token holders have many benefits over standard ICO projects going on right now. We're not a fly by night company and will be around for many years and our end game is being bought out or merging with another company that will benefit everyone involved. This is our start and we're all very excited to see what we can do together.

Our team right now may be small, sure, but we don't want to hire and bring on a bunch of people we don't need right now or have the resources to spend extra funds just to impress a small amount of people. We don't need a big team to do what we're already doing and that is successful trading across Cryptocurrency and Forex. I also really want to talk about hacker proof bitcoin and ethereum trading. I'm very surprised no one has asked about that and how we can do it.

Also we can NOT accept cash payments for our tokens. I've got a handful of messages asking for this and that is just not legal.

We passed on HitBTC listing our coin due to many troubles I've seen and read all over the internet right now and honestly last 12 months or so. Have many options, but HitBTC we'll gladly pass on.

I will gladly still video chat with anyone here. Our private sale is going well and our presale ends in 10 days.

We, and I especially, don't have time to deal with you flat out saying we're a scam. It's kind of a joke and I'll just let you do your thing. If you lived in America I would sue you for defamation, but you seem to be hiding who you really are or where you're even from. I will not "continue" with you. We just turned down HitBTC from listing our coin and you're really far out in the deep end here. I am a AMERICAN citizen and you're calling me a scam for 1 and then 2 with NO evidence baffles me. My business partner lives in Beverley Hills and I also trade for him so you really wrong on this one, but it will be your mistake in the end and I have zero time for your accusations.

We will continue to succeed here with our company and in the end, I promise you, any credibility you had will be tarnished.

I did see your website is registered here in the states and would be very careful with flat out blatantly calling my company a scam.

Domain Name: ICOETHICS.COM
Registry Domain ID: 2273984495_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.bluehost.com
Registrar URL: http://www.bluehost.com/
Updated Date: 2019-01-12T14:01:25Z
Creation Date: 2018-06-11T18:43:15Z
Registrar Registration Expiration Date: 2019-06-11T18:43:15Z
Registrar: FastDomain Inc.
Registrar IANA ID: 1154
Registrar Abuse Contact Email: [email protected]
Registrar Abuse Contact Phone: +1.8017659400
Reseller: BlueHost.Com
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Registry Registrant ID:
Registrant Name: DOMAIN PRIVACY SERVICE FBO REGISTRANT
Registrant Organization: THE ENDURANCE INTERNATIONAL GROUP, INC.
Registrant Street: 10 CORPORATE DR, STE 300  
Registrant City: BURLINGTON
Registrant State/Province: MASSACHUSETTS
Registrant Postal Code: 01803
Registrant Country: US
Registrant Phone: +1.8017659400
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: [email protected]
Registry Admin ID:
Admin Name: DOMAIN PRIVACY SERVICE FBO REGISTRANT
Admin Organization: THE ENDURANCE INTERNATIONAL GROUP, INC.
Admin Street: 10 CORPORATE DR, STE 300  
Admin City: BURLINGTON
Admin State/Province: MASSACHUSETTS
Admin Postal Code: 01803
Admin Country: US
Admin Phone: +1.8017659400
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: [email protected]
Registry Tech ID:
Tech Name: DOMAIN PRIVACY SERVICE FBO REGISTRANT
Tech Organization: THE ENDURANCE INTERNATIONAL GROUP, INC.
Tech Street: 10 CORPORATE DR, STE 300  
Tech City: BURLINGTON
Tech State/Province: MASSACHUSETTS
Tech Postal Code: 01803
Tech Country: US
Tech Phone: +1.8017659400
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: [email protected]
Name Server: NS1.BLUEHOST.COM
Name Server: NS2.BLUEHOST.COM
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2019-01-12T14:01:25Z <<<

We are not your "buddy" or "bud". Your lack of professionalism should make any investor worried. You dont even care about your new team member possible fake stealing people's identity.

Since you refuse to answer here most of the questions, if you want to answer anything now go to the scam accusation board and we will continue from there.

https://bitcointalksearch.org/topic/renovato-suspicious-project-with-a-possible-fake-team-member-5116514

Here, his telegram is @soulinthone if you want to dig even deeper.

Registry document from Estonia from our law office directly at the link below.

https://www.docdroid.net/AbmNVTE/renovato-trading-ou-14661886-extended-registry-extract-1.pdf

Also in America you can have a company in a different state than where you live for many benefits ranging from taxes to privacy and legal.

There are many reasons why more companies are incorporated in Delaware than any other state. This article highlights a few of the reasons why half a million businesses, including more than half of all U.S. publicly-traded companies and 60% of Fortune 500 companies, have incorporated in Delaware.

https://www.bendlawoffice.com/2011/08/01/reasons-to-incorporate-in-delaware/

What you got next for me bud? I'm happy to have a Skype or any other live chat conversation with anyone from here and I applaud your continuous effort here. I have nothing to hide at all.

Telegram @renovatosto or email [email protected] .

You already posted a photo in this forum and submitted your KYC to a website that often mysteriously fails and then passes people’s KYC.  Nobody should rely on an advertising company to make an investment decision, especially those sites that have many scams listed on their site.  And there is a disclaimer on their site that KYC procedure is not a call for investment."

We don’t know anything about you and your experience. As a CEO and founder, we think that you would have a complete Bio, especially when you want to raise 17 million dollars.
Also, is your system ready for production?  Has it been tested? This is very important, as no potential investor should invest in a company whose advertised systems, especially a crypto exchange system, which is extremely complicated. Also, has Renovato completed a SOC 2 examination? If so, was this a type 1 or type 2 examination? If not, why?

Yesterday we contacted some team members listed on your website, and today we noticed that you replaced a team member and renamed another one. WHY?
What happened to “Oleksandr Nimets”?  and why was “Andrey Stehno” renamed to “web3.space”? And this new member has a different name, fake name?



https://web.archive.org/web/20190301213143/https://renovato.io/  (web archive from yesterday)
https://web.archive.org/web/20190303000507/https://renovato.io/ (web archive for today)


 
REAL NAME: Shengji Chen
https://www.hodlalert.com/2018/08/28/qtum-community-and-development-updates-august-27/
https://blog.qtum.org/qtum-community-and-development-updates-august-27-5c486e43925c


We don’t understand why you won’t answer our question about where your company is domiciled?  Are you domiciled in Delaware or California, or where?

Since you refuse to provide simple documents we found your company registration in Delaware:



(search: https://icis.corp.delaware.gov/eCorp/EntitySearch/NameSearch.aspx )

You stated that the address in San Francisco is the “office address” and you physically reside in Los Angeles.  According to the State of Delaware, Department of Corporations, your company is a Delaware domestic company, whereas it appears that Renovato is a foreign company. (ie: located in California).
Why is your Company shown by Delaware as a domestic company?  If your company is a domiciled in Delaware, please provide the physical address, so that we can confirm with the state’s department of corporations.


https://icis.corp.delaware.gov/Ecorp/FieldDesc.aspx#RESIDENCY

What is the relationship between the Estonia Company and Delaware Company?
What is the business purposes of establishing a business in Delaware?
Also, where will the investors’ funds (ie: data) reside? Delaware, Estonia or somewhere else?

And according to your website can you provide evidence and status of this application:



Has the Estonian company been granted this(see image), and if so please provide a document.

The token dashboard is here.

https://sto.renovato.io/

US persons now can buy our ICO tokens from us a utility token with no profit sharing capabilities without being a accredited investor. If a US person wants STO tokens then they must be accredited, but there currently isn't any promotion going to US persons. If US persons do partake in our token sale on any level they will have to be verified before receiving tokens for legal.

But as soon as it can be traded all investors from the US can also purchase the tokens?

Check plz: https://icobench.com/ico/renovato

KYC is pending with uploaded bank statement with my address.

https://i.imgur.com/NxofApWl.png

ICObench has yet to respond to why it failed, everything was uploaded properly and https://www.linkedin.com/in/sydneyifergan/ can say the same. You're able to message him.

Sydney has 20+ years commercial experience and has spent the last 10 years working in the online marketing arena and was the CMO for a large brokerage.] In recent years, he has been consulting to various brokerages globally on their online marketing and the utilization of technology to improve their results. Sydney is among the top 20 ICO experts on ICObench and has previously worked with numerous ICO projects including trade.io, DIW token, Lydian, Xinfin.io and more... Specializing in Online Marketing & Web Analytics. •   More than 10 years Search engine optimization (SEO) and online marketing experience •   Self-starter, highly motivated and energetic •   Team player and well respected manager •   Results driven and attention to detail • Enjoy a good challenge and finding solutions

Has also raised over $100m.

For whom it concerns:

"Regulation S provides an SEC compliant way for US and non-US companies to raise capital outside the U.S. It is not necessary to have a company in the USA to use Reg S.

A Regulation S offering can issue both equity and debt securities. A company that makes their offering under Reg S is also allowed to use another method to raise capital inside the US - usually Reg D.

Reg S investors from outside the US can be of any wealth level. Reg S is a good compliment to Reg D, in that Reg S allows non-US investors to invest in a US company or a non-US company on a similar basis to the Reg D terms, without the restriction of being required to be accredited investors.

Reg S requires that the offer and sale must be made to investors that are outside the US. And US investors must not be shown the non-US investor terms.

There is no required SEC registration for a Reg S offerings, but there are methods and practices that must be used."

https://sto.renovato.io on our token dashboard it makes this very clear that any US person must be accredited if they're buying STO.

You know that we were asking about your business location. We dont have the time to play games here as it appears that is what you want to do. Now you are confused about your location!

We asked you questions because your picture on the Renovato's website appears to be photoshopped. Your Linkedin profile just has 1 job experience listed.  You posted a photo on this thread, but we don’t know if that person name is Charles Varnado. Including a place where you applied and FAILED KYC doesn’t know who you are either.


archived

The CEO refused to answer valid questions about the business legality of Renovato, which is not good for the progress of this project. As investors read this topic they will consider twice before investing in a project where the CEO doesnt want to provide evidence of the legality of the business.

They are trying to raise 17 million and expect that nobody asks questions? Once questions are raised, any evidence that they provide will just help validate the project. With so many scams around, who want to take a chance in a project that is becoming suspicious as the CEO is evading questions.

We are not labeling this project a scam/scammer, but check out our list with over 300 scams caught and you can see many examples where questions are raised and CEO’s of such projects refused to answer them/or provide documents.

And back to questions again,  for third and last time because honestly, it appears that transparency is something that you dont want to apply to your project.

Can you provide documents/permissions, such as registration with state regulators, documents filed with SEC (if any)?
Where are the funds held?
Which jurisdiction is your company domiciled?

About your team: It is very strange that they don’t have anything about this project on their Linkedin profile.
Can you provide a video of them talking about the project?


Where can we read more information about Renovato Trading OÜ ? What is their website address? We want to make sure you are connected with them since there are many copycats on the market. Renovato Trading OÜ was just registered on 14.02.2019 – two weeks ago.
https://www.e-krediidiinfo.ee/14661886-RENOVATO%20TRADING%20O%C3%9C

To everyone reading this post, if this project doesnt provide evidence to the questions above, you should consider seriously making any investment in this project.