Topic: DECENTRALIZED ID ICO ia a SCAM BASED ON THE DETAILS? (Read 141 times)

HERE IS HOW THE TOKENS DISTRIBUTION SHOULD LOOKS LIKE:

- First there is no foundation that has been registered so they are using CEO Naveed company and every talk should be interpreted as Naveen doing thing through his personal company.

White paper currently: (Token Distribution of the final available supply)

a) foundation 5%
b) Faucet 1%
c) Team tokens 15%
d) Community 79%


HOW TOKEN DISTRIBUTION LOOKS LIKE:

The very GREEDY TEAM are trying to do this and pushing it on people by force:

1) Foundation is shamelessly keeping about 3.775 billion tokens. - This is about 68% of all tokens in the circulation. Nb:please note that this foundation is still not a registered organization so its the same team working under the CEO private company and will do whatever they want.

2) Team taking 15% about 250 million (of all the token sold)

3)  Community only getting 28% of all the token in Circulation. (ONLY 1.49 B TOKENS HAS BEEN SOLD TO DATE)
This team has just introduced a phase 5 even though phase 4 didn't even get to 20,000,000 tokens sold yet


If you didn't know, This team was going to keep all these tokens as team coins with 0 vesting. After a lot of noise from community, the CEO Naveed agreed to their demand not to take 3.8 billions for team.
3 days later after lying to the investors he changed his mind and came with white paper amend to state the money taken from his very greedy team is for the foundation now

NB: foundation had not been allocated any tokens before this.

Lastly they are blocking anyone asking questions.

Website :   https://decentralized.id

White paper: https://decentralized.id/docs/DID-tech.pdf