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RE: PSA - If You Are Planning on Investing in SONM Please Read This
I personally dont think its a scam but I am very hesitant about investing due to the teams behaviour. Dropping escrows just before the ICO without telling anyone is very unprofessional. Also the complete lack of communications from the team about the ICO for sevaral days now.
Its a large project and at the moment it doesnt look like they can handle it.
Yes - probably not a scam but it is very unprofessional and doesn't bode well for their abilities to develop a viable product.
The 117k ETH cap aslo seems very high. It should at least warrant an explanation. Many ICO usually takes around $ 10 million unless there is some special need for the funds.
Good point - in fact I heard someone else say something similar - it just looks greedy. How can a startup even spend that much money?