My name is David St Louis, I was a part of the team called Sirius, which idea was to make volunteer-based community and used to promote www.lomostar.com project and services and I was a true believer, I believed how unique is their project and how bright is the future, I had an access to all information of the upcoming news,announcements and so on, till I realized it's just a sect with bad reputation in China in the past. I was doing all my best, all useful initiatives was always destroyed, offering expanding Reddit community (taking in mind they say they have 5 customer service persons, who they said "is ready to answer all questions", actually just 1 person, who does ot speak english and only leaving smiles), I offered to make proper Chinese-English translations even by my own the budget - got rejected all time, saying that they have 4 chinese-english translators, the only english-speaking person they have is community manager Milan - which is a fanatic person, who is hired by LoMoStar China and make strict rules at Telegram channel and does not allow any trade talks and any negative or critics information he calls FUD and ban you out of the channel.
We wanted to make the project transparent and understandable for each new comer, but they always went against us and destroyed all good ideas how to make everyone believe and show the honest information, not lies.
Their original twitter https://twitter.com/CoinLomo Says this coin is Scam, so I had lots of questions, but they never answered so I could not understand, if I deal with real team or just with big bag holders, who try to scam others with PnD schemes. 1. They always rejected offer to disclose - Company business name in China, any legal entities and registered brand authenticity documentation. 2. They never showed us any team photo, just told us first it's about 50 people, then they told it's 70, but never showed more than 7 person on photo, they did not provide bio's of the team for 2 last months, it also make me look it very suspicious, because actually many information was available at different web portals. 3. http://ift.tt/2yHhPLo - only 1000 downloads, but they promote every where having more than 300,000 users active 4. There was around only around 10,000 download in China and if you read real users Chinese comments all were negative - scam coin and like they say "FUD" . Bitkan comments can be placed only by real users platform http://ift.tt/2BGdQic "BITKAN - BITKAN is founded in 2013. It owns the largest number of users within the industry in China. It features OTC trading service, as well as price viewing, news reading, mining monitoring, price alert and E-Wallet services, etc. The founding team is made up with experienced former HUAWEI employees, dedicated to provide the most professional and safest services to its users." 5. I made promo give-outs of 1000 LMC to 1000 people last days and if it's not collected in 24hrs, you receive it back, I can conclude only around 400 active members there right now only, 400 members. 6. They were promising to launch iOS app for 5 months and today they launched it http://ift.tt/2BOprws with untrusted execute file from - https://fir.im/lomostar , which can actually break your apple guarantee, if you go to Apple Store and they mention an app like this. 7. This is their blockchain - http://ift.tt/2jmqEno As you can see you can check only 500 entries and you can't actually be sure, what is the real maximum coin supply, taking in mind that they offer 24% Mining stake yearly, which is the biggest in the cryptofield, it's very suspicious, where does this coins come from - http://ift.tt/2BFDZ0H 8. Around 90,000,000 coins almost 1/3 of coin supply will be released by April, so there will be a big sell-out of the coins, half of the coins was already released and as you can see on charts, the massive dumps happened during this time, so it works like they heat up the community about upcoming news, then releasing the coins of angel investors and highly dumping ( just look today 8 december graphic, more than 800,000 coins dumped today) · 14.67 million of the team is locked and cannot be accessed until April 18, 2018. The address is can be found on the following link: http://ift.tt/2xmyXqM · 75 million of the angel investors coins can gradually be accessed until April 18, 2018. Currently 46.875 million has been obtained and 28.125 million is still locked. The address is can be found on the following link: http://ift.tt/2yoT8Ta 9. They were removed from http://ift.tt/2BFKNeX 10. They were removed from https://allcoin.com/ 11. All new exchanges we asked them to make agreement, they rejected and told it's too expensive and we must write down emails or make twitter comments asking to add BTC/LMC pairs.
Im pretty tired and can tell you much more red flags about this project, be careful, may be Im wrong, but everybody must be wise and take his own decision
The main idea, that these persons may not exist and use old China app to perform scam activity, just by translating to english and using old photos and using strict community manager to sell out the coins, which they gathered through old China ICO.
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