SP8DE - Due diligence

[martin1551]

SP8DE (SPX)

Team

• Alexey Kashirsky (CEO & Co-Founder) - Jun 2017 - Present | Linkedin profile
• Mikhail Krapivnoi (CIO & Co-Founder) | Linkedin profile does not mention SPD8
• Evgeny Borchers (CVO & Co-Founder) - Jul 2017 - Present | Linkedin profile
• Alexander Baykiev (CMO & Co-founder) - Jun 2017 - Present | Linkedin profile

Advisors

• Artemy Zorin | Linkedin profile
• Alexander Uglov | Linkedin profile
• Norman Chou | Linkedin profile
• Lyubomir Serafimov | Linkedin profile

Company

• Team refused to give company info

Smart contract

• Presale contract on github
• Contract on github
• Deployed contract

Github

• SP8DE
• 2 smart contract repository

Product

• No working product

Vesting

• Team claims that team tokens will vest over 1 year.

Additional info

Iohk has no relationship with Sp8de

• Source on twitter

Token distribution

The entire token distribution will be 8,888,888,888 of which 3,655,555,558.4 (41.125%) will be in the form of token sale and 3,455,555,552 (38.875%) will be given as a jackpot to those who have participated in the “token sale” rounds.

The rest of the tokens 1,777,777,778 (20%) will remain with the team for the purposes of marketing,
advisory, and further development of the project (see the Token Proceeds Utilization section for further detailson the use of the proceeds from the token distribution).

Token allocation

Flags

Real Team: - To verify
GitHub: ✅
Smart Contract: ✅
Working Product: ❌
+2 yr Vesting for team: ❌
Have a company: ❌ Refused to give info
Transparent: ❌

IcoCheck

• Added to icocheck.io
• Discuss this project and others on ICO Check Telegram Group chat https://t.me/checkico

[psijmons]

Sp8de has released a new whitepaper (v4) and website that answers several of the above questions.
It is a BVI (British Virgin Islands)-incorporated entity, MVP is expected in Q2 2018, the team has been expanded considerably with 1st class entrepreneurs. The jackpot assignments is a prime example of transparency. In my opinion, the warning sign on this ICO is way over the top and should be removed.