Topic: [ANN][ICO] Global marketplace Storiqa - page 24. (Read 42612 times)

I totally agree with you. Maybe we should open a topic in the scam section on the forum?

I don't know.....we're either going to have to shame them into refunding us, convince them into discarding the unnecessary KYC requirement, or accept the loss and see if we can find relief within the courts.  However, we cannot let them cheat us without exposing the fraud to the rest of the community, right?

I understand your point, but there is maybe another way to act? We have invested money, and now KYC is required to unlock our investment.. i really don't see other way if not to do it..Personally, i don't like to lose money, so.. if there is another way, explain..

They didn't fully disclose the KYC before they accepted our investments.  And, giving your sensitive identity documentation to unregulated foreign entities, who have already been involved in identity theft, is not a very good idea.  They could do all kinds of bad things with your identity.  Giving some unregulated anonymous entity, who's hiding behind a cloudflare proxy, your personal information, isn't the same as giving your information to a regulated accredited agency with a registered address.  

Guys what's the problem? I mean, the problem should be the changement of terms, not the KYC. What's the problem to submit KYC? If you have something to hide, just don't risk joining ICO.. I agree that is not correct to change the terms, but we can do nothing, so relax and do the only thing we can do.. submit KYC when they ask..

And, why aren't you mentioning the fact that you added the KYC amendment AFTER the token sale had ended.  And, after you've already been caught taking part in a prior identity theft scheme involving phony "advisors,' what makes you think that we're dumb enough to give you our sensitive personal information?  Furthermore, what makes you think that we would believe that your platform will be successful after all the legal complaints that are going to be filed as a result of your thefts?

And, what about this?



Raised: $21,637,287
Tokens sold: 4,792,895,197

($21,637,287)/(4,792,895,197 token) = $0.00451445026/token average

And,



Raised: $24,403,867
Tokens sold: 6,123,618,287

($2,766,580)/(1,330,723,090 tokens) = $0.00207900503/token average

How does the average price decrease when it's supposed to increase? Price dropped from $0.00451445026 per token to $0.00207900503 per token?  Really?  The price dropped?


Proofs:

Between the top image and the bottom image you raised: ($24,403,867) - ($21,637,287) = $2,766,580
Between the top image and the bottom image you sold (6,123,618,287) - (4,792,895,197) = 1,330,723,090 tokens.

So, how do you explain selling 1,330,723,090 tokens for ($2,766,580)/(1,330,723,090 tokens) = $0.00207900503/token?

Even with the discounts bonuses and referral commissions, the math doesn't even come close!  This demonstrates a 400%-500% token inflation....WTH?

EXPLAIN THAT ONE!  How come so many more tokens were given away at the end then were supposed to be?

About storiqa & kyc:

1. Storiqa is listed in icobench as an ICO without kyc.
2. Storiqa claims they already said that kyc is required (but they wrote it as "kyk" on their site, can't afford a proofreader, I guess?)
3. In their token sale policy, it says kyc is required "when buyers use our services". Buying their tokens counts as using their service, so kyc should have been done BEFORE they receive payment, not when investors want to withdraw their token.
4. Without kyc, token will be frozen a.k.a. investors won't get their token, but people who bought in presale already got their token without having to do kyc.
5. One of their telegram admins said kyc is needed to make sure that we, the buyers, are not involved in criminal organisation (lol), look at point 4 above.
6. Storiqa team doesn't even know what's in their kyc, still preparing it, they said. They're not ready because token sale ended earlier than planned. Wutt?
7. What else? Lemme think about it. In the meantime, stop by in their telegram group if you wanna have a good laugh.

This is very good news. Is there a certain date or at least approximate date  of release a demo version

Hello, Storiqa community!
 
Regarding KYC you can find an information here.


Although the phrase “know your customer” may seem insignificant to a lot of people, it has a very important meaning in the business world. If we want to interact with other partners in the industry, however, we really have no choice. KYC allows companies to protect themselves by ensuring that they are doing business legally and with legitimate entities, and it also protects the individuals who might otherwise be harmed by financial crime.

We recommend you to pay attention to paragraph 12 Token Sale Policy which you may find at our official website storiqa.com


Storiqa is not only cryptomarketplace. Any item can be bought for cryptocurrency or STQ tokens with minimal fees, while real-world currencies still remain relevant and valid. Items can be sold for cryptocurrency or any fiat currency alike, sellers receive payment in the currency of their choosing, including cryptocurrency.
Regarding demo still, there was a lot of to do to improve it and to makes it better. We are growing as a company and developing as professionals in the eCommerce sphere. Now our team is working really hard and at maximum capacity on demo-version 2.0 which will be absolutely far better than the previous one. That is why it is very important for us to know your opinion about the platform. Please, share with us all your ideas or comments if you have any. We will be glad to take into account all your suggestions and wishes.

storiqa  telegram-- https://t.me/storiqa_en

https://www.facebook.com/storiqa

https://twitter.com/storiqa

Why are they not responding?  Doesn't anybody find that strange?  Are there any real investors in the thread or is the thread only populated by shills?

Storiqa platform is a smart contract Ethereum blockchain platform created for buyers and sellers to do business transactions globally. The mission of Storiqa platform is to create an enabling environment for users of the platform to create a personal online shop and get technical support with wasting their time and energy which will draw them away from producing the right quality of goods and services.

NO....you are wrong!  Storiqa is not, I repeat, Storiqa is NOT, a regulated financial market!  It's not a bank with government over site, it's not a regulated exchange, and it's not a government sanctioned credit bureau ....Storiqa is an anonymous entity running its business through multiple proxies on the cloud from several foreign countries ---> it's not good!  It doesn't protect you....it's a liability!  They want proof of our identities, but they are not providing proof of their own identities!  <--- If that doesn't raise a red flag, then I don't know what would.

If they're legitimate, then they need to refund those of us who do not want to give them our sensitive personal information because KYC was not required before we invested.

This is what it looks like they are planning:  They collect money from the ICO, hold the token hostage for our identities, then launder the ICO money by opening accounts on various exchanges, with our identities, to transfer the money to clean accounts.

Ask yourself: "How does giving an anonymous unregulated foreign entity my sensitive personal details protect me?"

KYC requirements changed after ICO ending??? Hahahhaah
Guys, questions about fishy nature of the project make sense.
I think the team should transfer funds back to the investors if they deside not to do the KYC procedures. Presence of KYC is significant criteria for investing

Great questions! I would also like to get answers, I will wait for the response of developers

Besides Amazon etc. due you considering competitive blockchain platforms which are also developing the same product?
I can't find the financial model of Storiqa as a business. You didn't developed it? Really? Can you say what amount of attracted money will be used for marketing of the marketplace?

Guys, intersting idea. But several questions which for some reasons are not covered:
1) Why are you not considering the competitors (Amazon etc.) when evaluating market potential? When evaluating the market why are you take all the e-commerce market and not discounting it on % of the market which could be ready for using tokens for payments? Absolutely sure that tokens are a limiting issue.
2) You say that the token will rise in price. But don't you think that think raise is limited by the price of "fiat based" marketplaces? When it will be on the same level of pricing shops will definetaly switch to developed and established marketplaces.
I saw the demo version of Storiqa marketplace. Now it's very poor. Skilled programmer can create it couple of days Propose to show the product to the audience when it's solid.

when will the tokens be transferable? i know after the KYC process... but when? february, march, December???

Ok, I understand,your problem is KYC,    kyc is good look here https://en.wikipedia.org/wiki/Know_your_customer

Really?  Then why did they ALREADY use stolen identities on their landing page AND why are they holding our money for ransom-- it's our money in exchange for our identities?  <-- That's shady!  And, that's not even mentioning the fact that alienating the American markets through their unprofessional behavior will not help them in their goals of acquiring some of the Amazon market share.....They may be able to set their "store" up in Zimbabwe and Ukraine....But, a large portion of the consumers they are trying to reach are in the United States, so if you take those numbers out of their market speculation goals, then this project is dead on arrival anyway.  So, either your "real business men" are incompetent, or they are thieves....either way....everybody's losing on this.