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A strong Company working since 2020 behind the Entertainment Industry bringing web 3 tech to mainstream adoption. I have been one of the first investors and I follow closely every step they took. By the way the support email written there is wrong.
I've been one of the supporters and investors in Backstage (BKS) in private ICO for over a year. Perhaps this project has strengths in certain aspects, but after a few months people start asking questions about the NFTs they offer as VIP tickets for some unheard events, and even after a few months the status of the tokens and public sale is not clear. BKSbackstage Crypto is a demonstrative IDO and It is not what it shows.
Eventually, the questions and concerns were blocked and the group was removed as their response.
Today I found disclosure reports about this project.
Now many things are clear. They are extremely weak in terms of the team, finances, regulatory compliance, and project progress, and investing in NFTs that have no support, utility, or future is the dumbest decision ever.
In my opinion, Backstage (BKS) ICO is a scam as a Crypto project.
Reply from Bksbackstage
Response: Addressing Concerns Regarding Backstage (BKS) ICO**
I understand your concerns and appreciate the opportunity to address them. However, some of the claims in your message appear to be either misinterpretations or based on incomplete information. Let me clarify a few points:
1. Team Strength & Transparency**
Backstage (BKS) is supported by a team with a diverse background in blockchain, events, and ticketing industries. While challenges in crypto projects are not uncommon, the team has maintained a commitment to transparency. Regular updates on progress, development milestones, and roadmaps have been made available to investors. If you were removed from a group, it may have been due to moderation policies to prevent misinformation or spamming rather than an attempt to block genuine questions.
2. NFT Utility & Events**
The NFTs offered as VIP tickets are part of an innovative model aimed at transforming the events industry by integrating blockchain technology. While some of the events may seem niche or "unheard of," they are tied to strategic partnerships in the entertainment industry. The utility of these NFTs, especially in terms of access and privileges, is clearly stated and is evolving as the project expands its partnerships and use cases.
3. Public Sale & Token Status**
It's important to recognize that crypto projects often face delays or changes in their roadmap due to market conditions or regulatory hurdles. Backstage (BKS) has been clear about the steps it is taking toward a public token sale, and any delays have been communicated to the community through official channels. As with many crypto projects, these timelines are subject to various factors that are not always within the project’s control.
4. Compliance & Regulatory Status**
Far from being a project that ignores regulatory compliance, Backstage (BKS) has actively sought to work within the frameworks of crypto regulations, which are constantly evolving. Compliance is a priority, and any claims about the project being weak in this regard may stem from a misunderstanding of the steps being taken behind the scenes.
5. Long-Term Vision**
It's crucial to consider the long-term vision of Backstage (BKS). Blockchain-based event ticketing and NFTs are still emerging sectors, and like all innovative ventures, they require time to fully mature. Dismissing the project as "weak" based on early stages or niche events overlooks the potential growth of both the platform and the technology it supports. Major players in this space were also once considered unproven until their utility and impact became clearer over time.
In conclusion, while your concerns are understood, labeling Backstage (BKS) as a "scam" is an unfair and misleading assessment. Crypto projects often face public skepticism, especially in the early stages, but Backstage has shown resilience and is working toward fulfilling its promises.
We encourage open dialogue and welcome questions in the appropriate forums to address any concerns constructively. It’s always advisable to reach out through official channels for accurate and up-to-date
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