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STO Delisted

We are sorry to announce to SatoExcahnge members that we had to delist Storeum (STO) following our investigations after we have received several reports that this project is a scam.

Our priority is ensuring no member of SatoExchange gets scammed on the exchange.

We know that the crypto community and the entire industry is a complex one and so we always advise SatoExchange members to Do Their Own Research (DYOR) before investing or trading any currency/project that is listed on the exchange. Although we have put our own best in analyzing projects before listing them, but just as we mentioned the industry is a complex one.

So, What is a scam Project?

We are not here to define or explain what a scam project is and we do not uphold the scam philosophy. Well, many coins in the cryptocurrency globe have been very rewarding bringing good ROIs for the investors even without the attributes of what we know as legit projects.

Bitcoin, for example, was created by someone we all do not know. No actual use case, but it has the largest market cap and it is the basis of any cryptocurrency affair today.

Many other coins like that with no teams, no whitepapers, no visions, have also been one of the major coins. We do not mean to say there is nothing like scam projects, but we think a project is a scam in the opinions of the people who interact with them.

We are aware that several projects start, arise, and turn out to be a scam if they do not provide what they promise.

So, we are aware of all these odds, but yet we like to protect our members.

In this post, we are not referring to the Storeum team as a SCAM project but the results of our findings have made us decide to delist the token to protect our members from further losing their valuable assets and to avoid more scam tags to SatoExchange from the crypto community due to having Storeum on the exchange.

We drew some points that led to our decision. They include but not limited to the following:

1. Many of their community members reported that this is a scam, some with reasons considerable and some just because they have not got their returns.

2. CEOs and representatives of previous exchanges where STO was listed have been interviewed and their comments have also not supported what the STO team claimed to be.

3. This coin's previous contract is tagged on etherscan as a scam: https://etherscan.io/token/0xcb39c3502415152b2ec90ff07ee18cc94f681a72

4. This team swapped their contract to a new one, maybe because of this tag and they did not dispute it or contact etherscan to dispute this tag.

5. STO team swapped from the old contract which was 279 million STO supply to a new one which is now 10 billion supply. The new contract is found here: https://etherscan.io/token/0xd1410a4fc39be5ff5cd328e3a23f382423936ebd 
 - They performed this swap to their community at a ratio of 1:1
 - So this swap created about 3584% of the existing supply only to the hands of the team.
 - We have not seen any explanation whatsoever about why the supply was increased from their website, nor social media profiles.

6. We do have a policy that restricts project team members from massively dumping their coin in the markets after listing else their accounts get blocked. So on SatoExchange the team was aware of this and they decided to use other unknown accounts to deposit STO and constantly dumped the coin.
 - We are not here to talk about price manipulation. But before the coin was listed on SatoExchange they were listed on 2 other exchanges seen on coinmarketcap. The price then was about $2 and they immediately dumped it as low as 10 gwei (0.00000001 ETH) on SatoExchange with those unknown accounts while they made immediate withdrawals.

7. As seen on this bitcointalk post with analysts sharing there view https://bitcointalk.org/index.php?topic=5168426.0 we have also drawn some resources towards our investigations.
 - Although we are not saying everything as seen on the page is true. Please DYOR to know what to believe.
 - The post showed fake profile evidences
 - it showed website cloning from electrumdark


Summary

We have not come to declare this project is SCAM so we advise every member to DYOR going forward. But we are confident in our decision on this matter that it will further protect SatoExchange members from losing their money.

So, we have delisted Storeum (STO) from SatoExchange.


Some other coins have been associated with this same team during our investigations: These are Rewardiqa (REW) and Electrumdark (ELD). Although we have not made a decision on these coins yet but they might be delisted in the near future.

Shortly we will release a list of coins that will be delisted.

For now, all market pairs for STO have been deactivated and delisted. The deposit of Storeum has also been halted but we will leave withdrawals of Storeum active so everyone can withdraw their coins until we will totally remove this coin from the exchange on the 15th of June.

Please if you currently hold any Storeum on SatoExchange, withdraw your funds now to any compatible wallet as it will not be withdrawable once we totally delist it on the 15th of June 2019 and after.


Thank you for always being here.

SatoExchange Account Team.

CodePriceVol
ETH0.024899942.508503510.81%
SUM0.013052662.352553440.65%
DOGE0.000000270.56870066-3.57%
XLM0.000009100.310497050.78%
LTC0.005292840.276834460%
SATX0.000000170.140449470%
ZEC0.018989900.059179310%
WLLO0.000000030.0585809650%
XRP0.000032980.025964880.06%
DMME0.000001130.01959982.73%
SRK0.000000010.010604-66.67%
HELX0.000000170.00593347-32%
TRCX0.000000010.000889190%
1MT0.000020000.0005647948.15%
BTB0.000000430.000482890%
MOTA0.000000060.00022978-14.29%
INFO0.000000010.000226690%
DCN0.000000010.00022420%
HLCN0.000000600.000120%
BNC0.000004000.000120%
GFNCASH0.000000010.000111440%
TICO0.000000070.000102720%
UBEX0.000000100.000100210%
XQR0.000000050.00010%
CLDX0.000000010.00010%
iC2S0.000000010.00010%
TRM0.000000010.00010%
HERB0.000000010.00010%
RPIL0.000000010.00010%
CTIN0.000000016.0E-50%
HELP0.000001007.43E-60%
BCH0.2889979400%
SPAC0.0000050000%
DASH0.0069999700%
ETC0.0005505100%
FGP0.0000032000%
VEN0.0000000000%
OMG0.0000000000%
TRX0.0000021400%
AXAI0.0000012500%
KIN0.0000000200%
DENT0.0000006500%
NTO0.0000040000%
GCG0.0000000200%
NANJ0.0000000100%
AE0.0000000000%
BRAT0.0000001700%
BTCA0.0000000100%
ETHplo0.0000000000%
EARTH0.0000000000%
BEFX0.0000001000%
CPC0.0000004500%
SWAT0.0000000100%
DP0.0000001200%
XTZ0.0002390600%
BTT0.0000000500%
PYRO0.0000000200%
XAUT0.0000000000%
BLNC0.0000000100%
nCoV0.0000000100%
DGB0.0600000000%
XRT0.0000000100%
KAYI0.0000000100%
JST0.0000008400%
ENC0.0000000200%
LINK0.0000000000%
WAVES0.0001000000%
GRT0.0004000000%
BTCGW0.0000000500%
AREAL0.0000450500%
STQ0.0000002600%
BTCP0.0000319700%
WEBN0.0000000100%
REDC0.0000029800%
RHH0.0000200000%
NDX0.0000000100%
PCPie0.0000000100%
ZRX0.0000800000%
BAT0.0000000000%
XLC0.0000000100%
ASMRT0.0000000000%
POINT0.0000019800%
C4C0.0000000100%
SWAP0.0000000000%
PLUS0.0000000000%
A0.0000003100%
DET0.0000000000%
KNT0.0000000100%
ELD0.0000099900%
CCT0.0000000100%
CodePriceVol
DOGE0.0000125315.238842482.2%
SATX0.0000070414.081095112.18%
SUM0.516275257.32399018-0.88%
WAVES0.013299350.239039520%
HELX0.000011790.164254880.77%
ETHMNY0.000000030.101368680%
FTH0.000000810.075917641.25%
TICO0.000011790.0613080%
PYRO0.000000880.008920230%
TRM0.000000010.006986030%
BTCGW0.000000550.006693190%
XLM0.000999910.005916120%
WEBN0.000000020.0040%
INV0.000180000.0022950%
C4C0.000000030.0014161250%
BCH1.000000900.001393470%
ETD0.000007990.000800410%
SWAT0.000000320.00080%
NANJ0.000000030.0006838-50%
CLDX0.000001970.00051220%
FGP0.000100000.00030%
CLO0.000000040.0002760%
PCPie0.000000020.000247340%
XRT0.000000030.00023760%
GEN0.000000190.000166590%
RPIL0.000000040.000123720%
KAYI0.000000010.000107730%
nCoV0.000000010.00010%
CCT0.0000000100%
SPAC0.0000399900%
XQR0.0000000000%
GRVC0.0000597900%
GCG0.0000005500%
ETHplo0.0000390000%
ECR0.0000000100%
TRCX0.0000000100%
BEFX0.0000000500%
DASH0.5000000000%
CPC0.0000055600%
XRP0.0007222800%
SRK0.0000000000%
ETC0.0033333300%
ZEC0.2600000000%
VEN0.0000000000%
OMG0.0000000000%
TRX0.0001099900%
DCN0.0000001700%
DP0.0000250000%
KIN0.0000008800%
DENT0.0000000000%
NTO0.0000000000%
XTZ0.0000000000%
AE0.0000000000%
BRAT0.0000012200%
BTCA0.0000012000%
EARTH0.0000120000%
LTC0.1000000100%
EVI0.0000000500%
TORR0.0000013000%
BTT0.0000003900%
XAUT0.0000000000%
BLNC0.0000000200%
DGB0.0004000000%
REW0.0180000000%
HLCN0.0000100000%
JST0.0000399100%
ENC0.0000000100%
LINK0.0000000000%
GRT0.0090000000%
1MT0.0008705100%
AREAL0.0001400100%
STQ0.0000000500%
UBEX0.0000037400%
BTCP0.0000000000%
REDC0.0010000000%
RHH0.0007600000%
ZRX0.0004200000%
CTIN0.0000000100%
BAT0.0000000000%
XLC0.0000000100%
ASMRT0.0000000100%
POINT0.0000810300%
PLUS0.3815337400%
BNC0.0002321300%
BTB0.0000424300%
A0.0004090000%
HERB0.0000001700%
DET0.0000000000%
GFNCASH0.0000000100%
ELD0.0040000000%
XPAT0.0000001000%
FREE0.0000000100%
CodePriceVol
LTC43989.98010000147856.470417060%
XLM144.97439989127765.1582302-0.02%
HELX1.7689000032268.920468662.2%
WAVES1050.923400002666.053823480.01%
ETC15999.000000001200.133626960%
XRP120.000000001138.878330%
POINT10.00000000100%
ZRX11.000000007.35102170%
XTZ0.0000000000%
BTT0.0695020400%
DGB2.6000000000%
DOGE3.3690000000%
BCH400004.0000000000%
DASH1377.0000000000%
ZEC0.0000000000%
TRX18.9999979700%
BTCP925.0000000000%
BAT5.2000000000%
BTB2.9700000000%
CodePriceVol
BTC/USDT9987.146000007502.244456620.03%
SUM/USDT126.280000006321.7941676-38.95%
ETH/USDT230.231000003198.61201457-0.98%
BTC/USDC11999.0000000014.96995240%
ETH/USDC0.295454100.002965290%
LTC/USDT3.900000000.000390%
BTC/TUSD0.0000000000%
ETH/TUSD0.0000000000%
SATX/USDT0.0030000000%
DOGE/USDT0.0001930300%
DASH/USDT0.0000000000%
ZEC/USDT0.0000000000%
TRX/USDT0.0100000000%
XLM/USDT0.0000000000%
XTZ/USDT0.0000000000%
BCH/USDT0.0000000000%
XRP/USDT0.0000000000%
XAUT/USDT0.0000000000%
DGB/USDT0.0002000000%
WAVES/USDT0.0000000000%
CodePriceVol
SUM48064.49264369173642.2250533-0.02%
BTCA0.0041700072231.5058282631.55%
XRP199.00000000796.904558480%
XLM17.9882466048.79064398-5.27%
CPC0.7000000028.465617830%
LTC12000.0000000025.353960%
BTCGW0.0949700015.6160%
ECR0.000060009.09901588-96.66%
ZEC22222.000000008.38436060%
KAYI0.001000017.8000780%
INFO0.4500000020%
iC2S0.000027780.66616440%
REDC0.001000010.019000190%
DP6.0000000000%
AXAI2.5000000000%
EVI0.0900000000%
TORR0.0175000100%
NTO30.0000000000%
BCH149998.0000000000%
BRAT0.0058000000%
DENT0.0999999900%
REW0.0000000000%
DCN0.0000000000%
WAVES200.1999999900%
AREAL22.0000000000%
ZRX21.0000000000%
POINT9.9999998900%
XPAT0.0050000000%

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