This project has the all the red flags.
*took days for payments to occur and users are advised to join slack to ensure payment...wtf - payment should occur in timely fashion and should not require ppl to follow up
*Timelines and bonuses have now been changed so many times
*Business registration found here
https://www.flcompanygo.com/Substratum-LLC-L17000175117/ was created 4 days after ICO and only states Justin and Kelly Tabb as authorised reps - no mention of Kelly on whitepaper. Legally SUB is husband and wife venture.
*Domain only recently registered and only registered for 1 year
*Review of partner profiles of previous business ventures all seem to go quiet for last 4 years - what have they currently achieved?
*Apart from doctored images on theoretical product, as a systems admin I want to know how they intend to distributive DNS,LAMP, etc in a secure manner...not one actual piece of code or actual technical aspect elaborated. When I spoke to partners in Linkedin, impression is they have not started with your project yet - again, where's product if team hasn't yet collaborated. It was divulged that crytography is yet to occur and SUB will be hiring after ICO - meaning you need funds to develop and not yet existent product.
*It was also mentioned in slack SUB will be at @SCALE...but event guide suggest SUB wasnt presenting.
*So much deception at worse, and half truths at best.
*The SUB wallet used for payments also has CVC and ETT, whilst also storing 3 mill in eth (not cold storage), and I have highlighted security implications - its like they want the excuse "we got hacked" as per
https://etherscan.io/address/0xaf518d65f84e4695a4da0450ec02c1248f56b668#tokentxnsThe bonus system is a sham. Not using contract to set limits means free tokens are been printed up to a rate of 30% per transaction. This will have implications on price as bonuses are not constrained.
I challenge SUB team to show a beta now, show a group photo of everyone together maybe, show something apart from theory..I also challenge SUB to have its ICO audited by independent auditor as many other ICO's do.
When i raised some of these issues in slack, I was booted..So if someone has legitimate concern, dont raise it with the "founders" otherwise you will be exiled from this cult.
They even claim to be new "web 3.0"...lol...this is theoretical valhala thats still far away..
Cuba is very close to florida.....
Thanks for putting this together. Everybody needs to check the badly photoshopped image, which is claimed to be a screenshot: