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SP8DE - Due diligence #54

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martin1551 opened this issue Jan 27, 2018 · 1 comment
Closed

SP8DE - Due diligence #54

martin1551 opened this issue Jan 27, 2018 · 1 comment

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@martin1551
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@martin1551 martin1551 commented Jan 27, 2018

SP8DE (SPX)

Team

Advisors

Company

  • Team refused to give company info

sp8de-company-1
sp8de-company-2
sp8de-company-3

Smart contract

Github

  • SP8DE
  • 2 smart contract repository

sp8de-github

Product

  • No working product

sp8de-roadmap

Vesting

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

sp8de-vesting

Additional info

Iohk has no relationship with Sp8de

sp8de-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

sp8de-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

@psijmons
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@psijmons psijmons commented Feb 25, 2018

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.

@icochecker icochecker closed this Mar 11, 2018
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