Topic: No team on "Vantum" ICO, suspicious activity. (Read 406 times)

As far as I am aware the project has ceased development, I do not believe they raised any money during the ICO.

The founder of the project has abandoned ship leaving the rest of the team to potentially continue with development since the MVP and most things are already complete.

Here is the founder's personal information:

https://www.linkedin.com/in/riseab0ve/
https://www.facebook.com/kway.day

Currently I am waiting on the remaining team to see whether they'll be taking over the project.

Last conversation with Francis (CEO);

https://i.imgur.com/lo0gKpn.png

Last conversation with their advisor

https://i.imgur.com/q1cVcOC.png

EDIT: Looking at the smart contract, it doesn't appear that any money was raised;

https://etherscan.io/address/0x44639a9296384B6fEEEb5585F6Cdee1674EF3721

His advisor confirmed via Discord that no money was raised, which is likely why the founder abandoned the project.

EDIT 2: Their advisor has been helpful enough to provide me the Facebook of Francis' partner and their business details. If anybody needs this, send me a PM. I do not believe anybody was scammed by the project, looks to me that it just failed miserably.


Why would I stop the bounty? Your scam accusation related to the lack of team, an issue which was resolved. My bounties are run via a Telegram community and the bounty hunters were told that the ICO was stopped. Since the development was still continuing to the best of my knowledge there was no reason to suspect the bounty would not be paid. It is entirely up to the bounty hunters to participate given the conditions of the bounty and the information presented.

Seems like you are trying to transfer the blame to me, the bounty manager, does that seem like a logical thing to do? Firstly, the bounty clearly states in the rules that it will not be distributed if the ICO soft cap is not met, why would anybody want tokens from a failed project that are worth literally zero and not listed on any exchanges? I clearly responded on the first page saying I would lock the thread if the issue is not resolved, it was resolved and the bounty was stopped shortly after I found the ICO was being stopped on request of the founder.

Can we ask what is the update? Its seems they exit with fund. Is bounty stake distributed ? @Parodium can you explain about it?  http://archive.is/T1j6N



So bounty participant will not get payment ? You didn't stop bounty even I opened scam accusation and you aware about it.

We started this project with 3 people, last I checked BTT was a place to connect with and work with others jn crypto space. I've been extremely clear that we arent a huge fancy ico project, we had a small initial team, and have added members as we went along, including freelancers and those in the cryptospace already. Doesnt make us a "scam".


We retained capgemini for ongoing consultancy they are not just a french company they are global.

Im done with all the accusations from you guys, I understand crypto has a lot of scams and such, but thats not whats going on here. Theres a difference between funding project development, and stealing money from people.

they are finalizing a contract, very strange this:






HIRE ME!!! 500$/month - Sr.Member, smartcontract developer, 24/7 online







I'm going to give my opinion, it seems that @Kwayday does not have a team and he is gaining time to get people to his team


With this bad behavior do you want people to invest money in your project? if you were to make a loan in the bank, the bank would ask you many documents, why do not you think about it? You're asking people to invest money in your project and you do not show your face?

I have asked Marlboroza what to do in this situation, I believe Vantum will upload the team details shortly, they appear to be just late, e.g. They said the white paper would be released 2 weeks ago, and only released it a few days ago, but it did eventually arrive. If DT members think I need to lock this thread until they provide the team page, then that's what I'll do, waiting on their confirmation first.

Edit: I have locked the thread until the team page is sorted. I have been told this should be by tomorrow as they are just finalizing a contract.

If you can contact with partners than it will be better. If there is no contact between partners and ICO that means really its suspicious. May be they just use logo of partners for attract investor. Look they are busy with argue us instead of upload team on website. I will recommend manager to locked thread until they provide team to avoid red tagged from DT.  


Manager should be locked thread (otherwise need to force by tagging), until upload team on website. As well they promised 2 day ago they will upload team but not yet did.  

If they are shy and don't want to show us their heads, maybe we can talk about their "partnership"...




"CapGemini" is a large French company that I know well.
A partnership between this company and an anonym random ICO seems VERY doubtful to me.

For the team: do I ask Cap Gemini directly or do we stop there?


For information, the real Cap Gemini partners

12 hours after - still no team. Instead of uploading site with pictures, Vantum team decided it is better to post something:

Can you upload pictures of your team to your website?

Are there only 2 members in your team?

In the middle of preICO? After 20 days? 

Lol jesus guys. Im not going to entertain this anymore, team profiles will be out shortly, sit back and wait, or don't. Up to you.

Our github is active, and we are working. We haven't stolen a single cent from anyone, but you guys can enjoy making the accusations.

 
You gave reply on 13 August, today 15 August.  Where is your team ? Still editing by photoshop?

Just now archived website again: http://archive.is/O8yOc

There is no team yet.

What you mean before ICO? ICO means Initial Coin Offering. Am I right ? What is different ICO and Pre-ICO? They distributing free token for pre-ico ? Pre ICO means still they are raising fund.  You will responsible if they scamed after pre ICO or ICO?  If not , why not yet lock the bounty thread ?


Are you part of team ?
 


Are you part of team or advertiser?

Did you read the OP title? here is the title of OP: " No team on "Vantum" ICO, suspicious activity. "

Why are you writing that word, "scam"? For now we are still waiting for you to show team members


Why are you writing that phrase?


Show us your faces.


steal $1 and steal $1000,000,000... it's still theft.


This is a very weak argument and does not help anything to your reputation, if you are really worried about your reputation


Show your faces and do not make up meaningless arguments to not show your faces

For average person it takes 20 seconds to take picture and few minutes to upload it somewhere. One member was waiting, what about other members?
Are there only 3 members in your team?
Of course not, why would any ICO with brand new domain and anonymous team cause such a fuzz about being a scam  
This is not topic about participating in project.

2 hours after and still no team  

Again, the team issue arises from unexpected issues and career concerns. One member was waiting to hear back from his job regarding policy on cryptocurrency as he works for gov.

The other got a job offer from ripple labs and was concerned about conflict. Both issues has been resolved and team profiles will be up shortly.

Pre-sale was live amd price reflected the risk/reward ratio of the initial anonymity of the core team. That will no longer be a factor in the coming hours.

Yes we missed a deadline by less than a week, wasnt on purpose and if it could have been helped it would have. Didnt realize that would cause such a fuss about being a "scam".

If you dont want to participate in the project its understandable. We're raising funds in a terrible bear market and the worst ico market in at least a year but at the end of the day we are building the project scam accusations or not and time will tell.

I think that the restriction is occurred in the US but not in the whole north America region.
If the project has 0 team members then yes this is very suspicious.

And how about a team from?
You have missed this question,
I hope you will explain clearly.

This is extremely untrustworthy.

You promised a date to your investors, therefore, you should deliver before that date. It's not just a day or two worth of delay either. It's been 4 days so far and there is still no trace of your team on your official website thus far.

And yet, you guys have started to ask for investments from investors already, even though apparently you guys aren't on the same page yet. This is very irresponsible to do, and raises suspicions over your intentions.

I'd suggest anyone wanting to invest to be extremely careful as the team have already failed to deliver on their first promise. Personally, I don't find their Ethereum 3.0 idea any bit interesting anyways. But at least wait until they release their team info, and that info also gets cross checked, before investing.

LOL . Would you invest in coin with 10 yo domain name in 2018 ? Wtf

Team profiles will be live today..we were having a rough time getting everyone situated because some team members work in D.C with government jobs and didnt want to be public and some team members only had github profiles very few with linkedins. We also have core team members who are freelance, so getting everyone on the same page was rough and we missed the target date.

I understand that there are alot of scams in crypto, and alot of distrust. But there is a difference between a small team/project, and a scam.

We dont have a 4million dollar private raise, or a 20 person team with John McCafe on advisory board.

We are a small group of developers, investors, entreprenuers that saw an opportunity to build something that is functional with a real-world use, and we went for it. The project is open-source, we invite community members to join and work with us as we grow it.

Our ico raise is tiny (1.8m) compared to most because we only are looking to raise enough to develop and list on good exchanges. We arent looking to raise 20m+ here like most projects.

Our distribution is fair, our raise is small, our project is open-source with active development, and our team page will be up shortly. Glad to know the community is paying attention, but to clarify, we arent scamming anyone.

Have a great day fellas

Well, that is strange, I asked them in their announcement thread where is team, as they announced to show their team members before August 10, https://bitcointalksearch.org/topic/m.43087413 , probably this year.

Domain is brand new....

Domain Name: vantumnetwork.co
Registry Domain ID: D405B51A5FEBE4D3B919C2FCC5EEDB312-NSR
Registrar WHOIS Server: whois.publicdomainregistry.com
Registrar URL: publicdomainregistry.com
Updated Date: 2018-07-16T14:05:24Z
Creation Date: 2018-07-11T14:05:24Z
Registry Expiry Date: 2019-07-11T14:05:24Z

...and as you said, this template....

Also, preICO is live, and it will be live for 40 days as you can see that on their site, that means they are already collecting funds.

Lets see what they will answer, but as they are already collecting money - someone is doing it, so it is not so hard to provide details about who is collecting funds and to whom investards are donating funds, right?

Let's wait for it..

They have repeatedly stated that the team and whitepaper will be uploaded in August, and have been completely transparent in this fact over their Telegram community. In fact, their whitepaper was released today. You just mentioned they said the team page will be up before the ICO, and the website clearly says the ICO is on the 1st of September... I am pretty sure it's still August.

Website : www.vantumnetwork.co
Archive: http://archive.is/Jy73r
Bounty thread : https://bitcointalksearch.org/topic/check-update-vantum-fiat-relay-smartcontracts-bounty-ended-4695024

Question is where is team ?
As well they have answer about their FAQ .



It's ok they will upload team prior ICO. But ICO live (pre-sale) from 24 July they haven't update team yet.

On the other hand they mention team from north America. If I am not wrong ICO is restriction on America, I don't know exactly north or south America.

They mention on website Token like "token sale", "token allocation" but as per whitepaper they are going to create coins. I don't they understand different between token & coin or I didn't understand.

Btw question was about team. Hope they will clear the matter.

On the other hand look like their social media & community is too weak. Just bought a template form themeforest & launch ICO. "Just bought this template"
I can't find block explorer for their pre-mine coin.

I expect appropriate ans from team.  Hope bounty manager will try to clear with team.