I received comments and questions on my article. I’m horrified at how low the level of people giving comments on Solidity code is! In this part, we will analyze in detail the real examples, the qualification of ICO “experts” on the Internet, thoroughly dissecting their logic and features of thought processes. The article has a lot of pictures and code, take heart …
The article describes a serious tendency in the exploitation of the word “scam” people, nothing of themselves representing.
Our group of companies has 350-400 customers on the ICO with a total collection of these customers at $ 2.5 billion and we often encounter one type question from our clients. They are written by people who allegedly found holes on the site, a smart contract, in other facilities. Of course, our customers (the founders of companies going to the ICO) are terribly afraid of this, they pay money to such fraudsters. In fact – this is a whole industry. Students and adults with a small IQ who have not found another job, use mass security scanners or simply fictional technical phrases to scare unsuspecting people. These are blackmailers in IT. read more
In the video – an interview with Dmitry after the conference CryptoShow, where he made a report and was in a group of experts (judges).
Dmitry Borodin (CryptoB2B), Sergey Sarkisian (Standartico.com) and Denis Kozminykh (CryptoShow/ShowICO founder) plan to jointly launch a new project. Now the technical basis is being prepared, how to implement and launch a decentralized voting procedure for projects at CryptoShow, so that experts (judges) directly could vote for projects directly in the detachment and thereby make a decision on real investment in projects. The block solution will supply CryptoB2B and will further be a technical partner who can be responsible for the ideal integrity, security and transparency of investment allocation methods.
Despite the good business rating and rave reviews, from the technical point of view the project UBEX looks like a technical scam: the development plan is not disclosed, instead of the plan – water, release of tokens on the verge of foul, softcap – deception, technical level of the first product (smart contract) – extremely bad, fees of $7 million can not be checked.
UBEX is perhaps the most popular ICO in July 2018. It has collected a very large number of interested people, many revived reviews, videos, laudatory speeches, and positive forecasts have been ordered on the Internet. But…
The article considers a audit of the following objects of the ICO campaign at www.ubex.com, conducted by CryptoB2B on Jule 12, 2018, commissioned by a private investor:
methods of functioning of the Personal Cabinet about the sale of tokens
audit of a smart contract
technical component of the idea of the project (on the basis of reading White Paper).
critically erroneous approach in the understanding of the blockchain authors
serious problems with smart contract
a complete lack of explanation in the WP, how and what the authors of the project are going to do
despite the steep business rating, our technical rating of the project UBEX: 0/10.
CEO CryptoB2B (Dmitry Borodin, on the left in the video) became the IT director of BUZcoin.io – the project of Olga Buzova (on the right in the video). Olga is a very popular person in Russia, the level of Peris Hilton in the US. She showed creative and business talent in various fields. Our company has supplied the ICO platform for the company and performs other functions of the contractor for the development of the project. Olga’s personality can be treated differently, but the following three points are quite obvious. First, this is the most sensational ICO in the Russian Federation in 2018. Secondly, only people who pour nothing at all in life are pouring out fierce anger in the comments. They always do this, so the humanity and the Internet are arranged. Simply the more vociferous are heard louder. Thirdly, our cooperation is purely technical. Let everyone decide for themselves who is more profitable and promising for him to try to launch a new project – with an unknown businessman of the level “yesterday’s stallholder” or with a famous / successful person who himself is a brand.
I strongly advise you to watch this video (sorry, only Russian). It discloses a lot of insider information and statistics, how to set up your ICO, what options are better. This statistics is collected from our group of companies serving different areas of ICO – rating, audit, packaging, marketing, investment. Speaker – Dmitry Filatov, the founder of Topface, ICOrating, MatrixBank and other our companies.