GoNetwork - Due diligence #12
Comments
I was kicked from their Telegram group the moment I wrote the word scammy with a question mark. I am off this scam. Thanks for alerting. |
For people asking about our Company, we will be releasing more information on that soon. |
All the team and advisor tokens will be locked and vested over a period of time. Once our smart contract is live you can see it. |
Please read our latest blog post here https://medium.com/@gonetwork/gonetwork-telegram-now-has-over-12k-members-thank-you-we-have-some-updates-for-you-bed31402493 |
How our telegram may have got hacked In addition to all this we did a security audit and found Xun Cai's email to have been compromised earlier. We have changed all our passwords and 2FAuths. You can see for yourself, go to https://haveibeenpwned.com/ and search cai@infinidy.ca the results says: Breaches you were pwned in Adobe: In October 2013, 153 million Adobe accounts were breached with each containing an internal ID, username, email, encrypted password and a password hint in plain text. The password cryptography was poorly done and many were quickly resolved back to plain text. The unencrypted hints also disclosed much about the passwords adding further to the risk that hundreds of millions of Adobe customers already faced. Compromised data: Email addresses, Password hints, Passwords, Usernames Compromised data: Email addresses, Passwords, Usernames Compromised data: Email addresses, Passwords We encourage you guys to occasionally change your passwords and use 2FAuth. |
Why it’s obvious a Hacker or Scammer: Until this point, we have never accepted any money and we have never accepted any deal!
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@icochecker I see the gonetwork-admin is trying hard to convince that they are very legit. |
@gonetwork-admin How is email hack related to Telegram? Sign-up there is via mobile phone number + SMS code, sign-in on new device via code to other authorized Telegram device. No email involved. |
Cant even give proper lies. such noobs, throw some tokens at professors, make them advisors, get the shill master to shill your ico. End of ico era. sigh.... SEC please help the crypto sheeps |
@gonetwork-admin - You need a lesson in being a group admin. I haven't seen such an intolerant admin before. I will happily NOT invest in this ICO based on just your behaviour. I know you have a lot of people in your Telegram group but you should probably learn to be humble and act with some reasoning instead of kicking people just for fun. |
Balina is finished when people realize Go Network is a scam. |
Website traffic search: gonetwork.co No comments from me required on this |
As scammy as it gets. Pieces of shit team. No wonder they paid Balina to shill this. Balina throwing his viewers to the dog for a few quids. Motherfuckers galore. |
Yeah I found out about this ICO through Ian Balina too, but glad I saw this before I put in any money... Lesson learned: always gotta do your own research! |
Have they picked up their game or still being sketchy? What made Ian Balina decide to be an adviser for these guys if they're dodgy? Something is amiss! |
Don't get me wrong, basically, it's a bunch of school kids who won a hackathon and decided to launch an ICO. They were not prepared at any level. There is no transparency, no plan, just a bunch of clueless people. I wonder how they chose their advisors, at least one of them adds absolutely no value. |
Hello guys, Here is a quick convo I had with an admin: https://steemit.com/gonetwork/@iekos/gonetwork-ico-yay-or-nay |
I never mentioned that Gonetwork is investor in Kickico or kickico is an investor in Gonetwork. I said that i know of this team because they submitted their project for fund raising on kickico platform. And i (myself) was one of the early investors in kickico. Their objective earlier was stated as "disrupting trillion dollar mobile and virtual goods economy". |
If your research is based on chat with temporary telegram group admins then i wish you good luck on your investment |
Kindly enlighten us how telegram hack is possible from email ? |
Hey, listen, you seem really annoyed @gulfcoin and that is definitely justified. Noone is pointing fingers at you at all and appreciate your input. And no, I posted the chat just to be a part of the investigation and show my findings. So chill out as we are on your side. |
And they are doing a dutch auction. Cash grab! |
Most of the code in their Github repos seems like directly copied or forked with no additional value regarding the proposition they have made. I believe the only original code is the smart contract code here. And because the whitepaper has also been removed, I couldn't verify the smart contracts either. |
People need to wake up and stop following Ian Balina. He is the biggest shill of the crypto currency world. He has been supporting ICO's who are literally betraying the investors trust. If you check out his spreadsheet, many of the ICO's that are really good and have better potential than the one he ranks all star he under rates them based on team, based on no working prototype etc.. But he rates ArcBlock as all start and the product has no working prototype, the product/algorithm (algorand) is stolen of another scientist... yet he shills for that ICO. He gets his comission and his tokens, to hell with everyone else. He is making money and duping the members who are trusting him blindly. INitially the folks who made money due to his recommendations.. was natural, he was not famous, he just made videos and many people who watched or did not wwatch the video made money. Doesnt mean that if he didnt make the video people would not have brought those ico's.. right? Wake up.. stop making someone God. |
Just to contribute... Their admin Jenny says this in the Telegram group, with regards to the Dutch auction:
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Lol, we are commenting on a possible scam and retards are advertising it here. There are lots of better ways to plan a crowdsale and save on gas and network congestion, so kindly dump this bullshit elsewhere |
$800 in gas for 1-2 ether contribution. Dude, tell this telegram admin to STFU |
i am seriously so shocked how are people manipulating crypto for their selfish gains. These guys were one of 8 winners and you goto their telegram , their website - they are just screaming ETHWATERLOO ETHWATERLOO ETHWATERLOO and thats it,. the founder has " ycombinator interview" as an accomplishment on the freaking ICO page. my money is on the fact that they probably have 1-2 developers solely responsible for award and they are just milking it to literally steal millions of dollars away. Not a single founder has any serious accomplishment and they just paid ian balina off and he is shilling this project and his blind followers are going crazy I would seriously donate money the day go network is shut down and their so called good for nothing founders are left with nothing. Finally to add - dont even try telling people this on their TG chat - they have 70,000 telegram followers without a product,whitepaper,vesting schedule,Ico date :) . utterly disgusting |
They are not transparent and there is fuckery going on Clearly. I found the same situation with Hawala who's platform really liked but they have private investment, no pictures or profiled of dev team and wont say who they are, and no msb license. A Reddit user called Quantum_Bubblegum asked serious question which cracked the community and tanked the price from $32 to currently $2. I invested in all the neo partners instead. The key is really cheap and will be huge, Zeepin is a mega platform. Polymath is safe bet as well. To many great projects to get stuck holding a bag of shit coins. |
I just wanna say thanks to those of you who just showed to us the real purpose of this project. THANK YOU |
To be honest, a screenshot is so easy to forge. Though the COO does seem super noob, he said he got hacked instead of the screenshot being forgery which possibly make it real... |
apparently the COO was suffering from panic, forget that there is a better lie that someone forged all that, could be a beautiful lie, yet he screwed that up, a lame liar is what he is, such a typical scam. |
Some admins in Telegram are using stock images to impersonate I guess. [ADMIN1] https://ibb.co/deiNzx [ADMIN2]https://ibb.co/m280mc |
Video proof that it is "all about the money" |
GoNetwork (GOT)
Team
Advisors
Company
Questions not answered by the company:
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9
Searching for company info
1. Linkedin profile of Xun Cai (Co-founder & COO) says that GoNetwork Pvt. Ltd is in Waterloo, Ontario.
2. Searching for GoNetwork on the Canadian corporate database gives no results.
3. Xun Cai Linkedin profile - CTO of Infinidy.
4. Searching for Infinidy on the Canadian corporate database gives one result:
INFINIDY CORP.
Registered Office Address
308 - 55 WILLIAM STREET EAST
WATERLOO ON N2J 4Z1
Canada
Corporation Number 727496-3
Business Number (BN) 838527463RC0001
Corporate Name INFINIDY CORP.
Status Active
Governing Legislation Canada Business Corporations Act - 2009-11-09
Directors
Minimum 2 - Maximum 2
XUN CAI
308 - 55 WILLIAM STREET EAST
WATERLOO ON N2J 4Z1
Canada
RASHID SHAKIL KHAN
2302 - 350 WEBB DRIVE
MISSISSAUGA ON L5B 3W4
Canada
Annual Filings
Anniversary Date (MM-DD) 11-09
Date of Last Annual Meeting 2016-12-12
Annual Filing Period (MM-DD) 11-09 to 01-08
Type of Corporation Non-distributing corporation with 50 or fewer shareholders
Status of Annual Filings
2017 - Due to be filed
2016 - Filed
2015 - Filed
Corporate History
Corporate Name History
2009-11-09 to Present INFINIDY CORP.
Certificate of Incorporation 2009-11-09
5. Searching for GoNetwork on the Nuans database, a Canada-wide corporate, business name and trademark registry.
6. Company screenshot sent to Xun Cai (Co-founder & COO)
Observation
On Linkedin, it says that Rashid Khan and Xun Cai are co-founders of Go Network, a company based in Waterloo, Ontario, Canada since January 2016. In reality, both the Canadian Corporate Database and Nuans Database show no record of the company before November 21st, 2017.
Two questions remain: under which name is GoNetwork operating, and why hasn’t Xun Cai answered the questions about his company?
Smart contract
Github
Product
Vesting schedule
Poor Communication with Investors - Questions ignored by GoNetwork
Disturbing screenshot leaked on telegram
Screenshot deleted by mod and reaction from channel
Allegation of fake screenshot
Other screenshot received from random user in private message
Dialogue with Xun Cai:
Observation
Conclusion
The founders never replied to investors' questions, showing total disregard to their concerns.
IcoCheck
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