Arcblock on paper is a great sounding coin, its one I've done a bit of research in to.
As of now, I won't invest no matter how good it sounds, if they can clear up a few things I may change my mind
Issues:
1. No transparency around the team or code.
2. It's closed source so it's hard to tell if they are being honest, part of me can live with this
3. Claiming partnerships with no proof at all
4. Using fake photo stock pictures for "known" members, this is a HUGE red flag.
5. No clear roadmap and whitepaper, saying "we develop agile there for no roadmap" is bs, I'm an agile developer who works to deadlines, Q1, Q2 etc style roadmap is easily done in any development method.
If points 1, 3 and 4 can be cleared up I'll invest, as of right now though too many red flags for it being a scam coin.
That is why I decided to stay away from this ico. Too much hype, but nothing below the hype surface.
Yeah still on the fence aswell, I mean I can see a pump coming shortterm but I wonder if its worth it longterm.
1. Big hardcap, and nothing to show for yet.
2. Doesn't use a smart contract for their ICO - refunds can take 4-5 weeks they said and everyhing has to be done manual (also the whole ICO verification)
3. CEO keeps avoiding straightforward questions about the team, I bet there is no real team.
I don't think he has bad intentions but chinese work ethics aren't the best and I can easily see him deceiving investors to round up funds. I won't say he will run of with the money but things are obviously not what they seem.
So my only consideration really is:
Do I invest and get out quick with a profit and the risk that if i'm to late my funds will be stuck in their wallet for over a month? Or do I ignore it and miss out on what is a very bullish ICO.
I'm considering the latter, there will be more ICOs and at this point all that ArcBlock has is hype, plus its still very risky considering they don't use a smart contract, I can't just trust this guy because he's public and has been an entrepreneur for years.
