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There are a lot of problems with every aspect of this ICO: False claims; Bad choices; and generally nothing makes sense.

In the first place, the team of people behind this ICO would be completely inappropriate for the launch of a lemonade stand, never mind trying to create an ICO platform and revolutionizing the gambling industry.

Starting at the top, the CEO is allegedly Alexey Kashirsky. The first oddity is that he has taken economist/accountant courses at something called ‘Orsky Machine Building Technical School’ from 1998-2002. If this is true – then he is the only one in the world to have done this. We have been unable to uncover this school anywhere in Russia. Though there is an ‘Orsky Machine Building Factory’ that we have located – there is no evidence that they offer a school or do anything related to economics or accounting. If he did have a background in either of these disciplines, then many of the mistakes in the whitepaper and website likely wouldn’t be so evident.

Next, he goes to Moscow State Mining University from 2002-2007. This is a real school in Moscow that focuses on turning out engineers for the mining industry. Let me be clear here that this is digging in the ground mining – nothing to do with cryptocurrencies or Bitcoin mining in any way. He did absolutely nothing for about 7 years and suddenly shows up as the Director General for ‘Debut Company’ which is just French for first company. After 3 years there he supposedly jumps into a 1 year MBA program at Mining Research Technology institute MISIS. This is another odd mismatch. I know of the MISIS as being the ‘National University of Science and Technology’. So why wouldn’t you put that on your profile instead of inventing another mining institute school that we could not locate? MBAs graduating from a full program are dangerous – those coming from a 1-year program would have to be lethal. His featured skills and endorsements are all garbage along with all the content that he so conveniently chose to write in the Russian language on his profile.

Next, we have Mikhail Krapivnoi. His profile states that he is the CEO of a completely different venture called ‘Man & Technologies Lab’ which is his only work experience in the past year. It would appear that he is still in school to become a mining engineer (again, not the cryptocurrency kind) and graduating in 2019 from NITU MISS – which is likely a misspelling of the MISIS school mentioned in Alexey’s profile. There are unsubstantiated claims that he is a chess master and also an online poker champion. So he has zero value add to this team.

Third on the list is Evgeny Borchers as the ‘Chief Visionary Officer’. He apparently has a masters degree in HR management and Personnel Admin general from the Moscow State Mining University (MSMU) after studying from 2006-2011. He did nothing for about 6 years and is somehow a VP with DCEX in San Francisco and working on the SP8DE project for the past year. He also seems to have a practice in domain name squatting.

Coming in at number four on their founder list is Alexander Baykiev as their Chief Marketing Officer. MISIS on his profile is now the ‘Research Technology Institute’ where he is supposed to be graduating later this year with a bachelor’s degree in Business Management. But, he has supposedly been a technical manager with ‘Blockchain Systems‘ for the past 4 years and is also with SP8DE for the past 9 months. Even the translated ‘Blockchain Systems’ does not appear as a real or registered company anywhere in Russia. But this seems to be the only appearance of anything related to blockchain thus far in these profiles – and he is the marketing guy?? He has featured skills in product development and software development with no endorsements – probably because… he’s the marketing guy…

Next on the list is Artemy Zorin as their Creative Designer from ‘Yodiz Studio’. Artemy seems to be in Russia, but the company he claims to work for is outside of Helsinki Finland. He does seem to be a man looking for a career as he spent 2009-2011 as an Architect, then 2011-2014 as a Process Engineer, designer, and then landed at Yodiz as an Art-Director Designer. If he is responsible for the ridiculous outer space themed website, then he should just be fired. Why you would include his profile in the list of founders here is beyond me.

So now we move on to Alexander Uglov, who is their Marketing Advisor. He got an Acting Degree from the Yekaterinburg State Theater Institute from 2006-2010 after he got an engineering degree in ‘Metal Forming’ from the Ural State Technical University (also in Yekaterinburg) from 2001-2006. After 3 years of nothing, he suddenly became the CEO of Russian Media LLC in 2013 until now. But he also founded ‘TheWhitePapers.media’ in 2016. and has been an advisor to inpeer.io and Nousplatform for the past year. He also supposedly co-founded the Blockchain Association in 2016. I can only assume that this was the guy responsible for the whitepaper on the SP8DE website. Probably too late to rename the startup TheWhitePapers.garbage. Again, some blockchain knowledge but likely none as you do not need to know anything about blockchain to start an association for it.

Their Business Advisor is Norman Chou. This guy is based in San Francisco and has basically been a glorified phone order taker for Dell and CDW since 2010. Admittedly the only guy that seems to have created his linked profile before SP8DE came into existence. This is likely the limit of their technical expertise on the team – which is extremely low for this kind of undertaking.

Last on their list is Lyubomir Serafimov as the ‘Operations Advisor’. Recently got a perfect score in a 2yr program for Master of Science in Financial Economics (2016) from Utrech University. Over a period of 4 years, he has been an ‘Operational Risk Consultant’, ‘Finance Intern’, ‘IT Intern’, ‘Risk Mgmt Associate’, a ‘Risk Manager’ and then a co-founder of LVSE/DCEX and finally ‘Ops advisor’ of SP8DE. So he either can’t sit in one place or can’t hold down a job for any length of time.

So, overall there is no reason to think or believe that this team could pull off the prospects of this venture. They have little or no experience in the blockchain and cryptocurrency space and zero experience in the target gambling marketplace that they want to tackle beyond Tuesday night poker games at Vlad’s house. And if you think it is just a bad team with a great idea – tune in for our next episode where we expose all of the problems and miscues in their whitepaper.