So here i am writing my first blog article. It goes like this, I was evaulating potential icos to invest in 2018, and i came across BeeToken which brings on Air BnB sort of Peer-to-Peer concept for property owners to share their homes and earn rewards and payment in form of BeeTokens.
Therefore, i joined their telegram channel. I wanted to invest in pre-sale, however they had a very strict criteria of investor credibility and 50 ETH as minimum purchase. Hence i have to wait to contribute in bee token after 31st Jan 2018 where they open the sale to everyone else with minimum purchase of 0.1 ETH.
I was happy i got this time to research further and that is when i came across Lockchain.co.
Lockchain.co that had completed its tokensale back in Nov 2017, and their marketplace is already live.
Lockchain.co was developed long before beetoken site even existed.
http://web.archive.org/web/*/Beetoken.com. A quick check shows that their site was launched after Lockchain.co tokensale
Beetoken apart from copying most of Lockchain whitepaper script, have stolen their SLOGAN as well.
Upon inquiring this with bee token, i was harshly bashed that i should go and invest in LOCKCHAIN and hang out with them followed by an instantaneous BLOCK from their telegram channel.
I had even sent several messages to admin with no response to "why have they copied / stolen someone else's idea", and what is their stance about it.
Beetoken claim they are "the first" which means they are practically lying their investors as well as giving 60% - 100% bonus to friends, family, advisors. This by all means is an unfair practice since all other icos do not go beyond threshold of 30% rewarding bonus for the team. This is certainly a scheme where the techies in the firm want to get rich, and small investors would get burn who contribute in the project starting 31st Jan 2018.
Proof from BeeToken's Telegram Channel:
Piece of Advice:
Guys be watch full of this token as the team is arrogant, and most likely they will be sued by Lockchain.co and eventually lose in legal battle to them, and people who have invested would lose their life long saving as a result.
Scornfully, Bee token that is ONLY allowing accredited investors to invest in their token are themselves not complying with being honest and credible.
Look below the response to make a conclusion for your self.
BeeToken's Creativity Score : Well a Big Zero !!
What i found even more funnier, was the profile of BeeToken CEO ..Like Seriously ???
Will leave it open for audience to comprehend and use their head to determine if this ICO is worth investing in.
Updates: (02/01/2018). The more I dig on the CEO's profile, the more comforting it gets for me that i was saved from investing in this ICO. I was searching more about Johnathan Chou profile, and i came across his interesting posts on Quora.com where as per his comments his designation in Uber was of a Software Engineer back in Aug 2016. I find it strange that he now heads BeeToken as a CEO. !!
My BeeToken ICO Review: https://email@example.com/beetoken-ico-review-based-on-logic