Sportemon Go

[Walter Bishop]

Sportemon go have gone bust and been proven to be a scam.
 

Seem to have been a big “sponsor” of Rangers and Hibs. 
 

😳

[The Hogfather]

That the one that wanted folk to buy some kind of daft football cryptocurrency?

[7PNJ4]

Where are you seeing this? Can't see anything online

[jamboinglasgow]

The sooner clubs stay clear of Cryptocurrency companies the better, rather than letting these companies take advantage of their supporters.

 

There is examples of English Premier League clubs having sponsorship deals with crypto companies who journalists have looked into and found no trace of any legitimate business.

[19/05/2012]

Football index was a big wakeup call for trust issues with cryptocurrency in football. Seen the stories of people having there mortgages in the game then went into admin without warning and everyones money was gone. 

[DB-14]

2 minutes ago, 7PNJ4 said:

Where are you seeing this? Can't see anything online

They’ve deleted all their social media and website. The guy that runs it has changed his Twitter handle to - @metadogracing.

[Rudy T]

2 minutes ago, jamboinglasgow said:

The sooner clubs stay clear of Cryptocurrency companies the better, rather than letting these companies take advantage of their supporters.

 

There is examples of English Premier League clubs having sponsorship deals with crypto companies who journalists have looked into and found no trace of any legitimate business.

I think our league is to be sponsored by one? 

[Costanza]

Had a look on twitter for reference to sportemongo and this came up.

Oh dear.

 

 

 

[OTT]

I’m shocked 😂

[jamboinglasgow]

1 minute ago, Rudy T said:

I think our league is to be sponsored by one? 

 

Yeah the SPFL announced one either last week or the week before.

 

I wonder how much due diligence the league did on that sponsor. As I said earlier, a lot of clubs are signing deals with these kind of companies as they are promised big sums without any due diligence. These companies could use the club for legitimacy to get more people pouring money in or get loyal fans thinking they are helping the club and making a good investment only for the company to suddenly stop trading.

[The Internet]

Zero sympathy for any person or company that get caught out by these. 

[Penrices left boot]

21 minutes ago, Costanza said:

Had a look on twitter for reference to sportemongo and this came up.

Oh dear.

 

 

 

 

 

Not like rangers to make poor financial or  commercial decisions. 

 

 

[Saint Jambo]

Due to be on the Hibs top too. For anyone needing a reminder this was the announcement 

https://www.hibernianfc.co.uk/article/hibernian-announce-significant-partnership-with-sportemon-go

The kind of thing you read and leaves you none the wiser to what it actually is. There is a thread on here about it. Another financial blow to Hibs. Shame.

[Dennis Reynolds]

I am shocked they kept going for so long tbh. Seem to remember they were selling packages in the hundreds that some mugs had bought as well.

[tian447]

Anyone stupid enough to invest in NFTs or bespoke cryptocurrency for dodgy platforms deserve all they get.  There was **** all information out there about it and everything screamed scam. 

 

They were called out for it at the start.  Everything about it, right down to the Pokémon Go name rip off, was dodgy as ****. 

 

Hibs and Rangers should be investigated to find out why such a dodgy deal was allowed to happen in the first place. 

[Sarah O]

36 minutes ago, Walter Bishop said:

Sportemon go have gone bust and been proven to be a scam.
 

Seem to have been a big “sponsor” of Rangers and Hibs. 
 

😳

Well I for one am stunned by this. 

[The Internet]

5 minutes ago, Saint Jambo said:

Due to be on the Hibs top too. For anyone needing a reminder this was the announcement 

https://www.hibernianfc.co.uk/article/hibernian-announce-significant-partnership-with-sportemon-go

The kind of thing you read and leaves you none the wiser to what it actually is. There is a thread on here about it. Another financial blow to Hibs. Shame.

 

With a purpose to revolutionize the NFT collectible industry, Sportemon Go will enable its users to hunt, collect and trade NFTs of their favourite Hibs heroes in both the real world and in real time. Creating the perfect synergy between our current world and the metaverse, participants will be able to interact with the club like never before 

 

 

There's nothing about this that didn't scream dodgy from minute 1.

Edited May 2, 2022 by The Internet

[Der Kaiser]

26 minutes ago, Costanza said:

Had a look on twitter for reference to sportemongo and this came up.

Oh dear.

 

 

 

 

[Hømme]

Sure Andy Robertson got in tow with them too. 

 

Silly laddie.

[hughesie27]

Made some profit from buying and selling their coin. Lovely to see Rangers and Hibs tarnished by their sponsorship.

 

Any evidence of it actually being a scam (other than the selling g of NFTs)?

Good thing about the blockchainnis that it's very easy to track where the money goes. It's also pretty lawless though so not much stopping the main players from doing a runner.

Edited May 2, 2022 by hughesie27

[Yoda]

H1b5 and Rangers fans scammed. 

[lost in space]

19 minutes ago, tian447 said:

Hibs and Rangers should be investigated to find out why such a dodgy deal was allowed to happen in the first place. 

Nah, let them continue to do these deals.

Love it.

[tian447]

Just now, lost in space said:

Nah, let them continue to do these deals.

Love it.

 

Very true

 

However, bringing the reputation of the league into disrepute should come with a 30 point deduction. Champions League here we come

 

[Guest]

Sportmon gone.

 

Very pleasing 

[hughesie27]

Seems its not actually a "scam" that most folk will be thinking.

 

The project failed as people kept pumping money into it with no return. Ie Folk were buying NFTs but nobody was trading them to give them value. Everyone just bought them and held onto them. 

Value of the coin starts dropping and folks NFTs become worth elss and less.

 

Eventually they gave everyone invested a chance to exchange their NFTs to a stable coin (£ $ € etc). 

The "owners" seemingly haven't ran off into the sunset with everyone's cash.

 

But it was definitely a bad call buying into it.

[ƒιѕнρℓαρѕ]

 

Bloody hell, shoulder sponsors next? Their knickers are just down round their ankles aren't they?

[1971fozzy]

Comedy Central at Hibs tonight.  Wherever will it all end 🤣🤣

[ƒιѕнρℓαρѕ]

12 minutes ago, hughesie27 said:

Seems its not actually a "scam" that most folk will be thinking.

 

The project failed as people kept pumping money into it with no return. Ie Folk were buying NFTs but nobody was trading them to give them value. Everyone just bought them and held onto them. 

Value of the coin starts dropping and folks NFTs become worth elss and less.

 

Eventually they gave everyone invested a chance to exchange their NFTs to a stable coin (£ $ € etc). 

The "owners" seemingly haven't ran off into the sunset with everyone's cash.

 

But it was definitely a bad call buying into it.

Sorare will be no different then, it's such a flawed concept. Who's trading a virtual football card that represents Joe Shaughnessy?

Edited May 2, 2022 by Smithee

[All roads lead to Gorgie]

27 minutes ago, Yoda said:

H1b5 and Rangers fans scammed. 

Easiest scam ever.

[7PNJ4]

1 hour ago, SteauaNeedarest said:

They’ve deleted all their social media and website. The guy that runs it has changed his Twitter handle to - @metadogracing.

Fantastic. I feel like all this crypto stuff is too easy to set up and it needs to be more regulated to protect fans whether they're Hibees, Gers or anyone. It's akin to loot boxes in video games which are now extremely frowned upon to the point where companies are providing more precise detail of what is in each purchase. That doesn't necessarily make things better but it's much less of a gamble and closer to a calculated risk when you know what could or couldn't happen. 

[Kalamazoo Jambo]

Who could possibly have seen this coming?

 

 

[john thomas]

Non fungible , verifiable !

Fekk me worraloadashite

[Locky]

You have to laugh eh? Only a decade or so ago, we were getting pelters for being sponsored by a pay-day loan company. Where's the widespread criticism for clubs bending over and taking money from these complete sham businesses to plaster their names all over shirts?

[RobNox]

Hibs, Hibs are falling apart again.

 

Q: What's better than seeing Hearts start to get things right after a few dodgy seasons?

 

A: Hibs simultaneously starting to implode with a leadership that doesn't seem to have a clue

[tian447]

3 hours ago, Kalamazoo Jambo said:

Who could possibly have seen this coming?

 

 

 

Nice to see not one positive thing was said in any of the posts on that thread

 

An absolute mystery how it went tits up so quickly. 

[Sid]

7 hours ago, hughesie27 said:

Seems its not actually a "scam" that most folk will be thinking.

 

The project failed as people kept pumping money into it with no return. Ie Folk were buying NFTs but nobody was trading them to give them value. Everyone just bought them and held onto them. 

Value of the coin starts dropping and folks NFTs become worth elss and less.

 

Eventually they gave everyone invested a chance to exchange their NFTs to a stable coin (£ $ € etc). 

The "owners" seemingly haven't ran off into the sunset with everyone's cash.

 

But it was definitely a bad call buying into it.

“Not a scam”. 
what % swe’re they offered in the £? 
Where is all the money? 
where is the website? 
where are those behind it? 
how long until they phoenix into their next poko-crypto-nft-gtf-honest deal-guaranteed return-non-scam? 
and all the money innocently disappears into the ether…..again 

[Costanza]

9 hours ago, jonesy said:

Bit tacky having your team name printed on the top, too. Although this obviously came from a bad batch as they've missed out the 'V'.

Ha ha good spot.

I wonder if anyone got a Chris Mueller token, what a collector's item that will be.

[CloustonHMFC]

2 hours ago, Sid said:

“Not a scam”. 
what % swe’re they offered in the £? 
Where is all the money? 
where is the website? 
where are those behind it? 
how long until they phoenix into their next poko-crypto-nft-gtf-honest deal-guaranteed return-non-scam? 
and all the money innocently disappears into the ether…..again 

They’ve already done it. https://metadog.racing 

 

This is set up from the guy who run SportemonGo. https://twitter.com/metadogracing?s=21&t=RDocjtb6stC61z_qGczDSA

[Sid]

44 minutes ago, CloustonHMFC said:

They’ve already done it. https://metadog.racing 

 

This is set up from the guy who run SportemonGo. https://twitter.com/metadogracing?s=21&t=RDocjtb6stC61z_qGczDSA

But it’s not a scam….

[CloustonHMFC]

2 minutes ago, Sid said:

But it’s not a scam….

NFT, Crypto etc is rife with it. Main man pockets a shed, his legion of followers pocket a few bob (nothing extravagant, need to keep them coming back for more), close it down and every average joe loses their cash and they open up the next one. Rinse and repeat. This is why it needs properly regulated. Do this with physical cash and you’re going to jail. 

[Sid]

2 minutes ago, CloustonHMFC said:

NFT, Crypto etc is rife with it. Main man pockets a shed, his legion of followers pocket a few bob (nothing extravagant, need to keep them coming back for more), close it down and every average joe loses their cash and they open up the next one. Rinse and repeat. This is why it needs properly regulated. Do this with physical cash and you’re going to jail. 

Exactly. But there are still too many blinkered followers who might get in and out before it collapses who think they are Gordon Gekko and feel the need to share the good word.  Quite possibly to their good mates then plead ignorance when they get stung. 

[Fitzroy Pointon]

Did none of the .net financial experts see this coming? Or is it only Hearts' finances they're experts on? 

 

I feel sorry for anyone who got caught up in this but football clubs who push this stuff should he ashamed of themselves. The sad thing is if a football club said throw yourself into traffic on the M8, some fans would do it. 

[Lone Striker]

12 hours ago, The Internet said:

 

With a purpose to revolutionize the NFT collectible industry, Sportemon Go will enable its users to hunt, collect and trade NFTs of their favourite Hibs heroes in both the real world and in real time. Creating the perfect synergy between our current world and the metaverse, participants will be able to interact with the club like never before 

 

 

There's nothing about this that didn't scream dodgy from minute 1.

Wow.  This is corporate-speak guff at a whole new level.    Whats the likelihood of any football club commercial director having the faintest scooby what any of that means ?       

 

You kind of have a sneaking admiration for a guy that has the balls to win contracts based on crypto-ponzi bollocks like this.

 

 

[boag1874]

It was so obviously dodgy right from the start. The name, the army of bots commenting under every tweet, the leaked employee whatsapp showing they’d been allowed to purchase it cheap before it went on sale so they could then try & flip it to some mug punters. Their fans knew it too. Ron Gordon is going to destroy them. HIB$ TOKEN ffs

[Figo GMC]

2 hours ago, Sid said:

But it’s not a scam….

Ha ha....they've flipped that website in such a hurry that the Sportemon Go logo is still shown on their profile pictures 😂

[Fitzroy Pointon]

14 minutes ago, Figo GMC said:

Ha ha....they've flipped that website in such a hurry that the Sportemon Go logo is still shown on their profile pictures 😂

 

I don't know about you lot but I would DEFINITELY trust those two. 

[jumpinjambo]

2 minutes ago, Salad Fingers said:

 

I don't know about you lot but I would DEFINITELY trust those two. 

 

Definitely got the Robert Maxwell look about them!

[ƒιѕнρℓαρѕ]

4 hours ago, Costanza said:

Ha ha good spot.

I wonder if anyone got a Chris Mueller token, what a collector's item that will be.

 

It's so bizarre, I got into crypto for a while but after a bit I realised it's a nonsense.

 

The problem is that it isn't actually used as a currency, it's just a commodity. No one buys stuff with crypto currency and it has no inherent value in itself so it only has value as long as people trade it.

 

In case anyone's thinking otherwise, don't put too much into Sorare NFTs, unless you expect a roaring trade in virtual SPFL trading cards!

 

[jamboinglasgow]

To show how quick clubs are to jump in with cryptocurrency companies, I see Atletico Madrid have announced a 5 year sponsorship from the Cryptocurrency trading platform Whalefin for 42m Euros a year. That is three times more than their current sponsor. Having a quick look online at Whale fin, its a company who have been rebranded from a different company. That original company was created in 2019. So one of the biggest clubs in the world has signed a deal with a company who are been around for a fewer years than the length of the sponsorship is due to be.

 

I doubt that sponsorship deal will ever reach the end of the 5 years.

[davemclaren]

6 minutes ago, jamboinglasgow said:

To show how quick clubs are to jump in with cryptocurrency companies, I see Atletico Madrid have announced a 5 year sponsorship from the Cryptocurrency trading platform Whalefin for 42m Euros a year. That is three times more than their current sponsor. Having a quick look online at Whale fin, its a company who have been rebranded from a different company. That original company was created in 2019. So one of the biggest clubs in the world has signed a deal with a company who are been around for a fewer years than the length of the sponsorship is due to be.

 

I doubt that sponsorship deal will ever reach the end of the 5 years.

Thry won’t care as long as they get some of the money up front. 
 

it all makes Wonga appear a giant of moral and financial probity.