I've heard Arcblock may be a scam - so just beware, and really do your research on them. This is a review I've found on the topic -
ICO Re-evaluation of ArcBlock.
Last week, we recommended ArcBlock as our pick for the next ICO. At that time, we were not aware of allegations formed agains the team. Those were issues found it this doc:
https://docs.google.com/document/d/1IJwBBI3GhbWXxRLr_WruvXbx3Ru-xZeIK8jNLCnEo5o/editand this:
https://docs.google.com/document/d/1IJwBBI3GhbWXxRLr_WruvXbx3Ru-xZeIK8jNLCnEo5o/editIN the nutshell:
1) Arcblock claims to have partnerships with big companies like IBM and SAP - meanwhile there is no evidence of this anywhere to be found; the community admins on their telegram refuse to answer the question that is continuously asked of them: 'Arcblock claims to have partnership with IBM and SAP but there is no reference to these partnerships or any other on the net, please clarify.'
2) Arcblock has no code on Github
3) Lack of technical development roadmanp
4) Whitepaper keeps telling you to refer to something else which is non-existent
5) how will they prevent SIBIL attacks if the devs pay the “gas fee”?
6) No mention of a lockup period for their coins.
They want $40mill for a project that has 0 foundations
Justin Tomboulian - is not the Microsoft CIO of Japan; if he were ever, his career there ended in 2013.
The team all have a track record for starting businesses that do not go far; this is not necessarily a bad thing - but are they just jumping on the bandwagon?
All those allegations have been partly addressed by their CEO. His answers were mostly evasive and iffy.
Having some experience in binary options and forex, we can tell you this is a common behaviour of people trying to heist some money. Just a money grab, even though their idea is stellar.
All in all, this project seems to be built to grab money from innocent investors. No fundamentals, fake partnerships, iffy connections, bluffing. But considering the hype around it, this project can still be successful in short term (for flipping). However, too many red flags prevent us with investing in to it.
We would like also to thank you about your commitment - we've received a lot referrals from you on this one. This will all be in vain, but have no fear - there are better and safer ICOs already on their way.
Yours truly,
Cryptomedics