This is a sad story, the Weku story as I understand it now, 26 November 2018. After seeing a lot of huge wallet harming the platform, I thoughts: why the official team don’t take action, who are their and will I invest in the platform ICO ?
Before investing real money, I will do my own research. Yeah, I jump in Weku for the community, for the people, without really worrying about who is behind Weku. Now I’m very worried.
What did I learn about Weku ?
Weku is not (yet) decentralized, the all platform runs on a single IP, on a single server. This means that Weku can shut down in a minute if no one pay the Amazon virtual server. If you are here for a while, you know that Weku can go down for 3 days without info! Here is the only IP/server you can get with nslookup weku.io:
Address 1: 184.108.40.206 ec2-18-221-107-53.us-east-2.compute.amazonaws.com
Second strange thing: the domain weku.io was boughts from a company in Panama. Ref: whois.com
Then, the code, no code you mean! The only improvement is the bookmarks, it’s a matter of adding a few line of HTML and JS code. Weku is an open-source fork of Steemit, all modification must be published. Where is Weku code ?
US Legit Company ?
They is no registration number on the website or the White paper, you can’t find any information about Weku being registered as a company in the US. I asked for the register number and US stat, but nothing until now.
If any company wants to make and ICO in the USA, they must have a registration number, and follow the SEC rules to get approved. No registration number, no legit ICO. It’s as simple than that.
Fake team and advisor ?
Now let’s dig into the main weku.io page and the Official Team and Advisors. Most name are fake and common, if you Google them you will see plenty of people with the same name. In the team, they is only 1 photos with a LinkedIn profite: Kevin Zou, this is the kind of profile that you can buy on the dark web, they is many Kevin Zou on internet. I am not sure about Kevin or Eric, I have doubts. This the ONLY LinkedIn profile mentioning Weku.
The advisory team - Most fake I guess, some are active on LinkedIn but they are absolutely no mention about Weku on their profile. I sent a message to 2 of them, but no answer. I strongly believe that these people even don’t know that their photo are used on weku.io.
ICO and no money
A joke or not, legit or not: That is not a question but a fact. Weku.io token sale is open for some weeks, do you know how much they get ? 32 USD worth ETH and almost 580 USD worth STEEM, this is nothing! You can’t run a project such as Weku with that, no money, no server, no developer. Ref: Weku ETH - Weku STEEM
As you can imagine, I will, and I would suggest to NOT invest any money in the current situation. Kind of giving money to unknown people.
Huge accounts stealing
The weku team can close accounts of little fishes who created a few fake accounts to get the signup bonus but nothing is done against huge accounts that are using fake accounts to power up or sell weku on the black market. Here we are talking about Millions of WEKU, a crazy lot. After that the team complain about an unsuccessful ICO ? A joke ?
Save Weku with a Swiss association ?
Here is the message I sent after getting the confirmation that Weku is made by a bunch of friend. At the and, I tried to offer them an exit: We could say that: We have buy back the weku project to the founders, it’s way for them to escape in silent. But I had no answer from mail, only on Discord with one of those team guys. It is my last try to help save Weku.
Hi, Christophe here.
One more time, thanks for your honesty. I may have a solution to fully legit Weku and you with many others, living from it. The dream IS still possible.
Sooner or later someone else will found out that the full Weku platform runs on a single IP/server, domain name from Panama, that all the “oficial” team are fake including the 2 Linkedin ghost profile, etc... I think we must not rush but move.
We can “transform” Weku into a legit Swiss Association, an international NGO. This would give Weku an official entity, the asso can open a Swiss bank account, can employ people, do crowdfunding and backend the full platform.
I will stay short for now, in summary: We need 3 people to sign the status, then off we go. The asso can employ you and provide a salary. The asso can pay for the platform needs (domains, servers, etc).
This is one way, the best way IMO, I can handle all the admin stuff to start, you handle all the community and platform stuff, as you already do. I will be a kind of working in the dark backend!
All that is a proposition, an idea. I think that using the “Swiss” stampe can bring in investors and I think it would be a good way to forgot about the mistakes.
To announce that, we could stay honest while saying only what is needed. We could say that: We have buy back the weku project to the founders, or I joined or something like that.
Note: I’m talking about 2 fake LinkedIn team member profile, the link to one of both profile was remove from weku.io after I sent my mail and chatted on Discord.
Discord chat with ?
Real team member or not I don’t know, once he say yes, once no. At least he speak for them, he pretend knowing them. I will not mention this man for now and maybe never. Depends on how he react to this post and in the future. But I will leak a screenshot of conversation part:
Not much to say, in short Weku is run by a bunch of friends, not in the US. Then I suggested the Swiss NGO Association, interesting answer from that same man on Discord but no answer from Weku team.
You can also found that this man did a lot of transactions on Steemit, with more money than I have under the hand. But he did not invest anything to have more than a million of weku, and now saying Weku need money. A joke
Do your own research, I would firstly advise to NOT invest until all that is clarified, even if right now, I believe it’s too late. The shem look like they wanted a lot of users (the referral and bonus) so when they start the ICO we will buy in. But I think they wanted money fast and sold some WEKU on the black market (yes weku team itself), then got completely overwhelmed by the situation.
As a user and potential investor, I need way more clarifications to continue my Weku story. I feel so sad for all the honest people who are working hard on the platform.
If you don’t understand my story, it’s fine, the people working here each day will, this story is for you, the workers of Weku. Clarifications are needed so you are not wasting your time.
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