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QuarkChain - Due diligence #112

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kuangli2000 opened this Issue Apr 18, 2018 · 2 comments

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@kuangli2000

kuangli2000 commented Apr 18, 2018

QuarkChain (QKC)

telegram-chat

Development Team

quarkchain-team

Qi Zhou (Founder) - Mar 2018 - Present | Linkedin profile

  • Facebook | Software Engineer - Mar 2017 - Mar 2018 | 1 yr 1 mo
  • Dell EMC | Consultant Software Engineer - Feb 2017 - Jul 2017 | 9 mos
  • EMC | Principle Software Engineer - Dec 2014 - Jun 2016 | 1 yr 7mos
  • Google | Software Engineer - Apr 2014 - Dec 2014 | 9 mos
  • Ratrix Technologies | Senior Engineer - Jul 2013 - Apr 2014 | 10 mos

Zhaoguang Wang (Software Engineer) - Mar 2018 - Present | Linkedin profile

  • Facebook | Software Engineer - Feb 2017 - Mar 2018 | 1 yr 2 mo
  • Instagram | Consultant Software Engineer - Mar 2017 - Jun 2017 | 4 mos
  • Google | Principle Software Engineer - Jan 2012 - Jan 2017 | 5 yr 1mos
  • AT&T Labs, Inc. | Software Engineer - Jun 2011 - Aug 2011 | 3 mos

Linkedin shows that Qi Zhou & Zhaoguang Wang were colleagues at Google and Facebook.

Xiaoli Ma (Research Scientist) - Feb 2018 - Present | Linkedin profile

Yaodong Yang (Research Scientist) - Mar 2018 - Present | Linkedin profile

Wencen Wu (Research Scientist) - Jan 2018 - Present | Linkedin profile

Operation Team

quarkchain-operation

Yazhen (Anthurine) Xiang (Marketing and Community) - May 2018 - Present | Linkedin profile

Ting Du (Business Development and Eco-system) - Month? 2018 | Linkedin profile

Yuhan (Patrick) Mei (Community Manager) - Mar 2018 - Present | Linkedin profile

Julianne Zhu (Social Media Broadcasting) - Mar 2018 - Present | Linkedin profile

Advisors

OFAC Check

quarkchain-ofac

Source: OFAC Search Tool

Company

‼️ The Quarkchain team never provided the company registration number, list of directors and details of registered office address. A search had to be done by team icocheck to find the missing information ‼️

QUARKCHAIN FOUNDATION LTD.

Registered Address:
6, EU TONG SEN STREET
12, THE CENTRAL
SINGAPORE 059817

UEN: 201800617H
Company Type Description: EXEMPT PRIVATE COMPANY LIMITED BY SHARES
Incorporation Date: 4 Jan 2018
Status: LIVE COMPANY

quarkchain-singapore

QUARKCHAIN INC.

4151-middlefield-rd

File Number: 6743508
Incorporation Date / Formation Date: 5 February 2018
Entity Kind: Corporation
Entity Type: General
Residency: Domestic
State: Delaware

Office Address:
4151 Middlefield Rd
Suite 100c
Palo Alto
CA 94303

Registered Agent Information:
HARVARD BUSINESS SERVICES, INC.
16192 COASTAL HWY
LEWES
Sussex County
Delaware 19958
USA

Directors

  • Qi Zhou | Executive Officer, Director

Source: Delaware entity search

quarkchain-delaware

quarkchain-ca-si-complete
quarkchain-ca-registration-1
quarkchain-ca-registration-2

Smart contract

Github

quarkchain-github

Code in private repo

quarkchain-opensource

Product

  • N/A

quarkchain-testnet-1
quarkchain-testnet-2

Roadmap

quarkchain-roadmap

Vesting

  • Team and advisors tokens vest over 2 years.
  • Foundation tokens locked for 2 years.

Vesting schedule not coded in the smart contract.

Additional info

  • Whitelist/KYC starts on May 7th, 00:00:01 AM PST
  • Private sale hard cap $16M. Public sale hard cap $4M. Total supply 10B QKC.

Questions not answered by the team

quarkchain-questions-not-answered-1
quarkchain-questions-not-answered-2
quarkchain-questions-not-answered-3
quarkchain-questions-not-answered-4
quarkchain-questions-not-answered-5

May 2nd 2018: User asks about use of proceeds

quarkchain-questions-not-answered-6

May 4th 2018: User asks about use of proceeds

quarkchain-questions-not-answered-8
quarkchain-questions-not-answered-9
quarkchain-questions-not-answered-10
quarkchain-questions-not-answered-11

Token distribution

quarkchain-distribution

Token allocation

  • N/A

‼️ Use of proceeds N/A ‼️

Flags

Real Team:
GitHub: Code in Private repo. Team said that they will be open sourcing their code in Q2 2018.
Smart Contract:
Working Product (Mainnet): Public testnet end of Q2
+2 yr Vesting for team (codified vesting): Team and advisors tokens vest over 2 years. Vesting schedule not codified.
Have a company:
Transparent: Use of proceeds not available. The Quarkchain team never replied to investors' questions, showing total disregard to their concerns.

IcoCheck.io

@sky2018hao

This comment has been minimized.

sky2018hao commented May 3, 2018

https://github.com/QuarkChain This is empty, without any code. However, this project has always been favored by some top ICO consultants. I am a bit difficult to understand. Can someone tell me why?

Edited by admin: Github issues are for Due diligence and not for ICO rating. Your screenshots were added as attachment.

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