Hello everyone, SebastianJu here, official escrow of SONM. Normally I would have written something already days ago about how things will move and would have given more details. Unfortunately I lost contact with everyone from SONM some time ago. I requested to speak about and check the new contracts some time already and was told it will happen before the ICO.
Well, I often tried to get in contact the last days also, sent pm's on bitcointalk as well as email and dm's on slack to rebel.salesman, who normally is my contact, alexey and sergey. I was ignored except finally sergey answered me with the actual link to the ico contract on github. I checked and found it a bit strange to read nothing about anything pointing to the use of an escrow.
So I used a channel with sergey and rebel.salesman on slack and wanted things to clear. Time already was pretty far by that point because no one bothered to speak with me:
Well, 2 hours earlier rebel.salesman answered me with this:
"Sebastian, hi, sorry for delayed response - lots of work to do at the moment.
We are going to use ICO smart contract with multisignature as the escrow. Multisignature will be held by Sergey Ponomarev, Alexey Antonov, and SONM advisers.
I'm really sorry we didn't contact you earlier to discuss it.
Lots of work is not an excuse, we should tell you about it before.
Anyway, it's pleasure to have business with you. Thank you for your help and your time during the preICO!"
So the ICO is NOT escrowed anymore. The invested funds will be held by the SONM team totally. I can not provide any safety from now on and I need to take my name from the safety sign of the SONM ICO. Just to make clear that I will have no access nor control about invested funds.
Not sure what to say about that behavior. I believe nobody would have contacted me without me pressuring that way. People would have invested believing I hold the funds in escrow. Which is not the case.
Nobody contacted me about negotiating something upfront, telling me about a change or tried changing something in the deal for the ICO.
So that's what I unfortunately only found out by putting pressure on the topic.
So again... this ICO is not escrowed anymore. Funds will be hold and controlled by SONM totally from the start.
Well, I often tried to get in contact the last days also, sent pm's on bitcointalk as well as email and dm's on slack to rebel.salesman, who normally is my contact, alexey and sergey. I was ignored except finally sergey answered me with the actual link to the ico contract on github. I checked and found it a bit strange to read nothing about anything pointing to the use of an escrow.
So I used a channel with sergey and rebel.salesman on slack and wanted things to clear. Time already was pretty far by that point because no one bothered to speak with me:
Quote
@channel it looks to me like there is no escrow involved anymore in the ico contract. I would appreciate to hear something else but the code leaves a different impression. Also you did not communicate with me at all about the ico even though I was told we would speak upfront about it. I tried to get in contact all the last days. Time is forward way too far now so it does not sound believable to happen. Also having too much work to do is not believable since the seamless work of the escrow part is fundamental for the safety of the ICO into both directions.
I do not know what happened. Maybe you would have wished to renegotiate the escrow fee. You did not try that at all. Maybe you wanted more safety... in that case I would have been able to bring in one or two other trustworthy escrows and create a 3 of 5 multisig. but no communication happened.
Guys, I will go to bed now. Please answer me in a proper way so that it looks like you take this serious. I hope this can be cleared earlier than 6 hours before the ICO starts.
I really hope you can tell me I interpreted everything wrongly.
I do not know what happened. Maybe you would have wished to renegotiate the escrow fee. You did not try that at all. Maybe you wanted more safety... in that case I would have been able to bring in one or two other trustworthy escrows and create a 3 of 5 multisig. but no communication happened.
Guys, I will go to bed now. Please answer me in a proper way so that it looks like you take this serious. I hope this can be cleared earlier than 6 hours before the ICO starts.
I really hope you can tell me I interpreted everything wrongly.
Well, 2 hours earlier rebel.salesman answered me with this:
"Sebastian, hi, sorry for delayed response - lots of work to do at the moment.
We are going to use ICO smart contract with multisignature as the escrow. Multisignature will be held by Sergey Ponomarev, Alexey Antonov, and SONM advisers.
I'm really sorry we didn't contact you earlier to discuss it.
Lots of work is not an excuse, we should tell you about it before.
Anyway, it's pleasure to have business with you. Thank you for your help and your time during the preICO!"
So the ICO is NOT escrowed anymore. The invested funds will be held by the SONM team totally. I can not provide any safety from now on and I need to take my name from the safety sign of the SONM ICO. Just to make clear that I will have no access nor control about invested funds.
Not sure what to say about that behavior. I believe nobody would have contacted me without me pressuring that way. People would have invested believing I hold the funds in escrow. Which is not the case.
Nobody contacted me about negotiating something upfront, telling me about a change or tried changing something in the deal for the ICO.
So that's what I unfortunately only found out by putting pressure on the topic.
So again... this ICO is not escrowed anymore. Funds will be hold and controlled by SONM totally from the start.
Thanks for update! This is a big red warning for this ICO from my point of view!
SOMN NOT ESCROWED ANYMORE!
