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GoNetwork - Due diligence #12
Questions not answered by the company:
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:
Registered Office Address
Corporation Number 727496-3
RASHID SHAKIL KHAN
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)
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?
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:
The founders never replied to investors' questions, showing total disregard to their concerns.
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.
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!
@icochecker I see the gonetwork-admin is trying hard to convince that they are very legit.
Gonetwork have banned me today from their telegram channel for asking legitimate questions.
The answers that were given are copy/paste. Basically, they got a operation manual, how to deal with the questions in the channel. Litteraly repeating the comments above in this thread.
And then... Ban me, get out of here.
The whole story about the hacking does not make any sense.
Having an email account compromised during the Adobe hack in 2013, is not a reason the account has been hacked. And guess what, ihas been discovered just now when getting exposed...
Xau is giving unbalanced answers to Peter Sjöström when asked about the hack.
Email hack != telegram compromised (based on cell phone authentication). Not quite linked, are they.
It is quite a coincidence that someone gets access to telegram, then reaches out to someone else to negotiate some deal, in say 10 minutes, without anybody noticing??
Well I think what you will be coming up with next is, a consultation with your legal team, draft an announcement, on how cover up your lies, cross check it with PR, on how to present it to the audience, and then post a nice little post on Medium explaining what happened, people jus FUDding, spamming and telling lies.
In any case, I am waiting for it. Send me the link.
@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.
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.
Here is a quick convo I had with an admin:
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".
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.
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:
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.