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Cryptocurve - Due diligence #130

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icochecker opened this issue May 21, 2018 · 0 comments
Closed

Cryptocurve - Due diligence #130

icochecker opened this issue May 21, 2018 · 0 comments

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@icochecker
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@icochecker icochecker commented May 21, 2018

Cryptocurve

telegram-chat

‼️ Update : 18 Nov 2018 | Company "Stichting CryptoCurve (Dutch foundation)" in CURV SALE TERMS & CONDITIONS and White paper shows no results in the Netherlands company registry. ‼️

cryptocurve-pooling

Translation:

Unfortunately, there are no results for your cryptocurve search.

Netherlands company search

Web Archive for cryptocurve.io

On Linkedin, it says that Joshua Halferty is CEO of CRYPTOCURVE since Aug 2017. In reality, CRYPTOCURVE LTD (UK) was incorporated on 23 October 2017.

Joshua Halferty said that they ran a pooling platform prior to setting up the legal entity and pivoted the platform to the Curve wallet.

cryptocurve-pooling

cryptocurve-ceo

cryptocurve-date

Team

Joshua Halferty (CEO) - Aug 2017 - Present | Linkedin profile | Telegram

Xander Yi (CFO) - Aug 2017 - Present | Linkedin profile | Telegram

Andrew Kerrison (Architecture) - Aug 2017 - Present | Linkedin profile

Alex Lenart (Creator of Experience) - Aug 2017 - Present | Linkedin profile | Telegram

  • Self-Employed | Freelance Web Designer - Jun 2012 - Jun 2017 | 5 yrs 1 mo

Andre Cronje (Blockchain Infrastructure Engineer) - Apr 2018 - Present | Linkedin profile | Twitter | Twitter 2 | Github

ac-img

Anton Nell (Web/Mobile Engineer) - May 2018 - Present | Linkedin profile

  • Freedom Life | Solutions Architect - Jun 2017 - May 2018
  • Mfin | Software Engineer - Jul 2015 - Jun 2017 | 2 yrs
  • Full Facing (Pty) Ltd | Software Engineer - Aug 2013 - Jul 2015 | 2 yrs

Sean MCGurk (Security) - Mars 2018 - Present | Linkedin profile

Benn Godenzi (Marketing & Partnerships) - Dec 2017 - Present | Linkedin profile

Anna Santayana (Marketing & Operations) - Mar 2018 - Present | Linkedin profile

Paul Landingin (Enterprise Development) - Aug 2017 - Present | Linkedin profile

Advisors

OFAC Check

cryptocurve-ofac

Company

Update 18 Nov 2018

‼️ Company Stichting CryptoCurve (Dutch foundation) shows no results in the Netherlands company registry. ‼️

CURV SALE TERMS & CONDITIONS

Your purchase of CURV tokens (“Tokens”) during the Sale (as defined below) from Stichting CryptoCurve, a Dutch foundation (the “Company,” “we,” or “us”), is subject to these terms of sale (“Terms”) and these Terms form part of the agreement(s) you enter into with the Company in connection with such purpose.

Source: Web Archive - Sales terms & conditions - 17 Nov 2018

Whitepaper - Page 56

This whitepaper (“Whitepaper”) gives a summary of the sale of CURV Tokens (“CURV”) during the pre-sale and public sale of CURV (collectively, the “Token Generating Event”) by Stichting CryptoCurve, a Dutch foundation (“CryptoCurve”). The purpose of the Token Generating Event is to raise funds for the development and commercialization of the proposed business model of the CryptoCurve Wallet (“Wallet”).

Source: Web Archive - Whitepaper - 17 Nov 2018

Netherlands company register:

cryptocurve-company

Translation:

Unfortunately, there are no results for your cryptocurve search.

The CEO was contacted on 18 Nov 2018 and was asked to send legal document to icocheck stating that they comply with regulations as the company is not yet officialy registered.

A dutch lawyer told team icocheck that it takes one week to register a foundation in the netherlands with a foreign director.

Netherlands company search:

  • Search for "Stichting CryptoCurve" or "CryptoCurve" in "handelsnaam field"

CRYPTOCURVE LTD (UK)

Company number: 11027490
Registered office address:
The Senate
Southernhay Gardens
Exeter EX1 1UG
United Kingdom
Incorporated on: 23 October 2017
Share Capital: 100 GBP
Nature of business (SIC)
64999 - Financial intermediation not elsewhere classified

the-senate

Director

Joshua Halferty

Nationality: American
Country of residence USA
Role: Director
Date of birth: October 1987

Andrew Paul Kerrison

Nationality: British
Country of residence United Kingdom
Role: Director
Date of birth: July 1983

Alexander James Lenart

Nationality: American
Country of residence USA
Role: Director
Date of birth: July 1991

John Xander Yi

Nationality: American
Country of residence USA
Role: Director
Date of birth: April 1982

Secretary

Anna Kristine Obieta Santayana

Nationality: American
Country of residence USA
Role: Director
Date of birth: October 1987

Source: Companies house

Smart contract

  • N/A

Github (update - 18 Nov 2018)

cryptocurve-github

15 public repositories

MyCryptoCurve | 0 Issues

MyCryptoCurve fork of MyCrypto with >= 49 Commits as of 18 Nov 2018.

  • Mycrypto OSS: MyCrypto is an open-source, client-side tool for generating ether wallets, handling ERC-20 tokens, and interacting with the blockchain more easily. https://mycrypto.com

mycrypto

mycryptocurve

Product

Update 18 Nov 2018

Pending check.

Roadmap

cryptocurve-roadmap

‼️ Vesting ‼️

  • Team tokens vest over 2 years.

‼️ Vesting schedule for team tokens not coded in the wanchain smart contract. ‼️

Additional info

Token distribution

  • 50 % for sale
  • 25 % for foundation
  • 10 % for marketing
  • 10 % for advisors
  • 5 % for team. Team tokens are locked for 2 years.

Token allocation

  • N/A

Cryptocurve Statement regarding the 300% bonus during the seed round.

statement-cryptocurve

‼️ Transparency ‼️

ICO check Questions sent to Joshua Halferty by DM on 18 June 2018 remain unanswered. The CEO was contacted on 18 Nov 2018 and admited to not being transparent "on some things."

Investors questions

‼️ Team not giving answers to investors when asked how much was raised during the private sale. ‼️

cryptocurve-investors-question-1

cryptocurve-investors-question-3

cryptocurve-investors-question-2

Cryptocurve Flags

Real Team:
GitHub: 15 public repositories

  • MyCryptoCurve repo: >= 49 Commits as of 18 Nov 2018

Smart Contract: Wanchain smart contract.

Working Product (Full product on Mainnet): CurveWallet BETA available. Pending check.

+2 yr Codified Vesting for team: Team tokens vest over 2 years. No vesting schedule for advisors. Vesting schedule not coded in the wanchain smart contract.

Have a company: There are no search results for "Stichting CryptoCurve (Dutch foundation)" in the Netherlands company registry.

  • "Stichting CryptoCurve" is the company mentionned in the Curv sale terms & conditions and White paper.
  • On 18 Nov 2018 the CEO said that the company is "registered althought it is no finalized yet."

Transparent: ICO check Questions sent to Joshua Halferty by DM on 18 June 2018 remain unanswered. The CEO was contacted on 18 Nov 2018 and admited to not being transparent "on some things."

  • Team not giving answers to investors when asked how much was raised during the private sale.
  • Update 3 Jan 2018: Telegram admin Alex Lenart deleted legitimate messages in the telegram group chat

IcoCheck.io

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