Just a warning that Sapien Network ICO is a scam. - page 3.

pandukelana2712

hero member

Activity: 728

Merit: 1006

BountyPortal Supporter & Hhampuz is my manager

I found this in Sapien telegram group: https://t.me/sapienglobal
The official sapien network must clarify at this thread

We can see big numbers their member. Almost 40k members
If each members send 0.001 ETH to SALES ADDRESS , the SALES wallet will have 40 ETH ( $ 15.500) in few days.

The question is:
1. Why admin of their group deleting my question about it?
2. Why send to SALES ADDRESS? For make sure active wallet, you just send it to Contract Address. Not to Sales Address.

PS: Until this day, that wallet has 0.234 ETH https://etherscan.io/address/0x95393b7c3A734A6EF9e702150CC929bE28B165d2

Most of tx are 0.001 ETH

odirachris

newbie

Activity: 32

Merit: 0

From what I see here, seems like majority of people saying bad things about sapien network are people that are not happy that they changed their bounty program rule towards the end of the bounty.

I have done a bit of research about them and everything seems legit to me, except that their team doesn't have a lot of experience. It also seems like they will be launching in April (saw the news in their telegram announcement channel).

It will be interesting to see how all this plays out.

odirachris

newbie

Activity: 32

Merit: 0

Quote from: newegggo on February 15, 2018, 05:15:07 AM

Quote from: paladium on February 15, 2018, 02:40:38 AM

I do not expect scam. It was a project I was very trusting about. I have recently been afraid of investing in ICOs.

I will go that far to call it a scam, but I believe it is not worth that much.
Some college students wanna disrupt facebook? I don't think so.

Don't mean to defend sapien network, but don't forget that Facebook founders were college students when they launched Facebook

maxim4eg123

full member

Activity: 273

Merit: 100

Right now I still think it is a scam, thank you for appreciating it from the beginning really good for you and everyone.

luckybit1

full member

Activity: 429

Merit: 100

I will study the information right away..i was part of the airdrop few days away.. a lot of fraud in the field related to the industry.many projects are scam and investors keep losing their money in the process.

SimpleThought

newbie

Activity: 6

Merit: 0

One of the primary reasons ICOs are so risky is that a typical token sale is not a market, let alone an efficient market. There is no proper price discovery and there is no way to short-sell issued tokens during the listing.

Good news: there is a safe solution for those who want to profit on the knowledge that the ICO is a scam or expecting the company to fail, before the tokens are listed on the exchanges.

The answer is prediction markets:

Will SapienNetwork token (SPN) cost twice the ICO price at the end of 2018?

In short:

* The market is not tied directly to the crypto currency exchange rates and depends on the effective token price in USD, making it immune to ETH volatility
* It allows to short-sell and bet against the success of the ICO

If you are not familiar how prediction markets work, you can read it here.

seb_kr

newbie

Activity: 17

Merit: 0

Quote from: Dinct on March 05, 2018, 03:47:45 AM

I can't trust any of the projects these days guys. Just few days ago i was ripped off by a coin named Vionex which was the best prepared scam ever. Plus, i have joined the bounty of Saipen and they have changed the rules badly at the end of the campaign. The bounty hunters were not really happy at all.

Well, most of ICOs are selling the idea that they may or may not product in the future if they receive the funds.
That is why a thorough search is necessary, and also why you should invest only as much as you can afford to lose.

The problem is : there are people that are working their a** off to produce something and they don't get the media coverage they deserve because of the pro scammers drawing all attention.

This is bad for both the technology adoption, the ICOs (as a way of startup funding), the companies and the investors.

Dinct

full member

Activity: 434

Merit: 101

I can't trust any of the projects these days guys. Just few days ago i was ripped off by a coin named Vionex which was the best prepared scam ever. Plus, i have joined the bounty of Saipen and they have changed the rules badly at the end of the campaign. The bounty hunters were not really happy at all.

bitcoinzen

member

Activity: 420

Merit: 11

Sapien is full of negative trust in the market with this new scam we again doubt credibility and future of ico now media will publish all icos are scam

seb_kr

newbie

Activity: 17

Merit: 0

Okay, let's keep it simple :

Who has had access to there hypothetical "alpha" platform ?
Where the hell is their smart contract located at ? (on the ethereum network)
Why are there only bots replying to their topic on this forum ? (announce forum)

Love_my_Crypto

newbie

Activity: 2

Merit: 0

Quote from: nomadicwonder on February 01, 2018, 12:24:42 PM

1. They have no product. They claim to have a product in private beta, but it's a lie. They just put you on a wait list, making you think they have a product.

2. They have no office address or phone number unlike legitimate ICOs. They admit that they have no office.

3. Co-founder Robert Giometti is just a student according to his LinkedIn. He has no accomplishments and no business running a multi-million dollar company.

4. Even though they have an extremely small team with almost no developers, most team members do not list Sapien Network in their LinkedIn profiles. They are either fake, or they do not consider Sapien Network to be a full time job.

5. The white paper claims to use Meteor.js because it is the "recommended framework for decentralized applications." Meteor.js is mostly dead, as it was replaced with technologies like React.js and Vue.js. There is no recommended framework for decentralized applications.

6. They hired people from low wage countries to join their Telegram chat to talk excitedly about Sapien. These are not real investors, they are paid pumpers.

http://scamya.com/

YOU ARE A BIG SCAMMER SPREADING FAKE NEWS. THE COMPANY IS REAL. THE PRODUCT IS REAL. WE HAVE SEEN DEMO OF THE PRODUCTION. THEIR TEAM DID AMA AND SHOWED THE LIVE PRODUCT WITH TONS OF FUNCTIONALITY

SHOW US IF YOU HAVE ANY PROOF THAT THERE IS NO PRODUCT. PEOPLE CAN SEE THE LIVE PRODUCT IN TELEGRAM GROUP

BLAST2MARS

full member

Activity: 490

Merit: 100

Quote from: mrox2011 on February 24, 2018, 02:46:06 AM

They have scam in their bounty program , they have reduced their share of 25,000,000 to 2,000,000 Angry

Beware from those sapien

That's really bad. They just clearly ruined their credibility and reputation in that way and I am thinking what scammy things they will do next using their project. Its clearly that it reflects the real motives of the team because of this incident.

sugihe

full member

Activity: 196

Merit: 100

Quote from: poodle63 on February 02, 2018, 04:57:37 AM

Quote from: nomadicwonder on February 01, 2018, 12:24:42 PM

1. They have no product. They claim to have a product in private beta, but it's a lie. They just put you on a wait list, making you think they have a product.

2. They have no office address or phone number unlike legitimate ICOs. They admit that they have no office.

3. Co-founder Robert Giometti is just a student according to his LinkedIn. He has no accomplishments and no business running a multi-million dollar company.

4. Even though they have an extremely small team with almost no developers, most team members do not list Sapien Network in their LinkedIn profiles. They are either fake, or they do not consider Sapien Network to be a full time job.

5. The white paper claims to use Meteor.js because it is the "recommended framework for decentralized applications." Meteor.js is mostly dead, as it was replaced with technologies like React.js and Vue.js. There is no recommended framework for decentralized applications.

6. They hired people from low wage countries to join their Telegram chat to talk excitedly about Sapien. These are not real investors, they are paid pumpers.

http://scamya.com/

Interesting, How sapien comes with so many hype. But i'll try to make deeply research about that. But i just see on the sapien site the beta platform is live. But it looks against your argument about sapien has no product. basically ico try to raise money to support the product development. You must remember i'm not a sapien supporter.

If its live so it has working product so working product need money to develop the product.
However thanks for warning and with this we need to becareful more about scam ico and doing more research.

lordzc

sr. member

Activity: 588

Merit: 253

It's not ethical to drop the bounty. It's not fair to change the rules afterwards.

newegggo

full member

Activity: 266

Merit: 101

The Experience Layer of the Decentralized Internet

As I said before, it goes too far to call Sapien a scam.
My concern is that they raised too much fund without much proof of their ability.

Sid3d

full member

Activity: 462

Merit: 103

You put forward serious accusations against the Sapien project, but so far, in addition to your unconfirmed words, I have not found any evidence that Sapien is a scam.

jagdeepjd

sr. member

Activity: 700

Merit: 251

Quote from: nomadicwonder on February 01, 2018, 12:24:42 PM

1. They have no product. They claim to have a product in private beta, but it's a lie. They just put you on a wait list, making you think they have a product.

2. They have no office address or phone number unlike legitimate ICOs. They admit that they have no office.

3. Co-founder Robert Giometti is just a student according to his LinkedIn. He has no accomplishments and no business running a multi-million dollar company.

4. Even though they have an extremely small team with almost no developers, most team members do not list Sapien Network in their LinkedIn profiles. They are either fake, or they do not consider Sapien Network to be a full time job.

5. The white paper claims to use Meteor.js because it is the "recommended framework for decentralized applications." Meteor.js is mostly dead, as it was replaced with technologies like React.js and Vue.js. There is no recommended framework for decentralized applications.

6. They hired people from low wage countries to join their Telegram chat to talk excitedly about Sapien. These are not real investors, they are paid pumpers.

http://scamya.com/

a very informative post will look into it I was looking at sapien network ico as a good one, I did not buy into the ico but I was supporting them spread the word by participating in the bounty campaign. I just hope it does not turn out to be a scam as the ico was successful in raising the hard cap.

mummybtc

hero member

Activity: 868

Merit: 500

I was told you don't have a proof for all your allegations, it is not that I am interested in investing in the project but this is one of the thing that happens last year when Qtum was conducting their ICO and FUD like this make me to miss out on a great return

newegggo

full member

Activity: 266

Merit: 101

The Experience Layer of the Decentralized Internet

Quote from: paolma on February 24, 2018, 08:26:08 AM

I dont know is it a FUD or no, i invested in sapien.network, the project looks solid to me and almost every ico is far from a working product so...

I remember they claimed they have a working product.
It would be great if people can try it before crowdsale starts.

paolma

newbie

Activity: 64

Merit: 0

I dont know is it a FUD or no, i invested in sapien.network, the project looks solid to me and almost every ico is far from a working product so...

Topic: Just a warning that Sapien Network ICO is a scam. - page 3. (Read 1135 times)