300cubits TEU

Here, why i rating top, i check real deep.


1. Where is your company registered? Could i have a copy of certificate of incorporation, list of directors and details of registered office address?
Hong Kong

Directors: 2 co-founders. Jonathan Lee and Johnson Leung

Jon Lee, [28.02.18 04:32]
2. Can i have details of any intellectual property which the company has created, registered or applied to register?
The IP we hold is registered under Hong Kong
https://www.ipd.gov.hk/eng/intellectual_property/trademarks/registry.htm
We register brand name of 300cubits, logo of 300cubits and TEU token.

Jon Lee, [28.02.18 04:32]
3. Can you share your Cap Table?
Our offering structure is based on token with maximum of 18M tokens to be sold. Since we offer various bonus and thus the cap is based on 18M tokens sold.

Jon Lee, [28.02.18 04:33]
4. What is the vesting schedule for Team and Advisors token?
As stated in the p.9 of whitepaper_2.0
The remaining 6% TEU tokens will be kept as compensation for the founders’ team with a 2-years sale restriction until 1 Aug 2019.
https://300cubits.tech/pdf/whitepaper_2.0.pdf

Jon Lee, [28.02.18 04:33]
5. Is vesting for Team and Advisors coded in the smart contract?
No, it is not secured in smart contract

Jon Lee, [28.02.18 04:33]
6. is your smart contract deployed for the ICO?
It’s deployed in testnet.
Address: 0xfFF901A8F19C55cec35B8EfDd3A6772f9A7C2600

Jon Lee, [28.02.18 04:35]
[ File : test ico contract - Ropsten.txt ]
ABI, contract address & etc

Jon Lee, [28.02.18 04:35]
7. Was your smart contract audited by an independent cybersecurity company?
We offer bounty in github repo. No whitehat hacker issues any findings.

Jon Lee, [28.02.18 04:35]
8. Could i have a link to your github repo?
https://github.com/300cubits

Jon Lee, [28.02.18 04:36]
9. Do you have a working product available to test?
We have a working prototype. If you need it, I will create user id/passwd for you together with a 32-pager walkthrough.
http://prototype.300cubits.tech
https://github.com/300cubits/Prototype

Jon Lee, [28.02.18 04:37]
10. Has the code for your product been published, and has is it been audited by an independent cybersecurity company?

We run security tests and found less than 10 low risk issues out of 10K security tests.

Moreover, as stated at P.13 of white paper 2.0, the IT firm has an independent quality assurance team to conduct audits (including cybersecurity).

Moreover, 300cubits has engaged Kinetix to review the Fundamental Layer and to build the Intermediate Layer and Application Layer of the production system, which is expected to go live on 15 June 2018. Kinetix is leading IT firm found in Hong Kong with over 18 years of track records completing over 600 contracts in providing services and solutions to the Hong Kong government, insurance companies, public utility companies in HK and Macau, and numerous companies in private sector. Kinetix has proved to be able to deliver services of the highest standard as recognized by its ISO 20000-1:2011-IT Service Management certificate. The Hong Kong government has repeatedly awarded Standing Offer Agreement for Quality Professional Services 4 (SOA-QPS4) under all categories to Kinetix. Kinetix has also been in partnerships with market-leading IT firms like IBM, Microsoft, SAP and Oracle.

http://www.kinetix.com.hk/

Jon Lee, [28.02.18 04:37]
11. Are you using a reputable 3rd party for KYC verification? How safe is it to upload my Identity Document on your site?

We establish the internal compliance procedure according to the banking best practice in Hong Kong (as I came from banking with more than 20 years’ experience). External legal counsel and our advisor (KL Hui, a leading expert in data privacy in the University of Science & Technology) have vetted on the policy and procedure. The site will only keep minimum ID documents. It will be removed after approval and safe kept in offline. Data privacy related policies:
https://300cubits.tech/pdf/300cubits_pps.pdf
https://300cubits.tech/pdf/300cubits_ICO_PICS.pdf

Jon Lee, [28.02.18 04:37]
12. Can us investors participate in the sale? If yes did you secure Reg-D?
Section 14 Representations and warranties of TnC (p.9)
you are not a citizen, resident (tax or otherwise) or green card holder of the United States of America, nor are you purchasing on behalf of one;

We don’t allow US resident to participate and thus no Reg-D. And we don’t advertise (in Google) in USA at all. In our KYC process, we require whitelist participant to self-declared explicitly if they are AI. If they are not or don’t respond, we will reject them.

The team is not sufficient. 15 pages WP by definition can NOT ground the project

Amazing potential if executed correctly. There is a definite need for a market changing mechanism, and TEU seems to fill that gap perfectly.

Team knows exactly what they are doing from the business side of things. If they manage to nail the tech side, this project will have a bright future.