Initial Review of CLOAD SNS Launch Proposal – Part 1: NF Request Doomed to Fail
Dexter here as part of my push for Voting Neuron Grants. I’ve got history with this project (invested in 2023 NFT sale), and while I’ll cover team/product issues later, let’s start with the big technical blunder: Their sns_init.yaml requests Neuron’s Fund (NF) participation – set to true – but that’s impossible right now. This shows straight incompetence from the team, like they didn’t even check basics before posting. Proposal will fail at creation, wasting everyone’s time unless fixed ASAP.
Quick YAML Breakdown and Why It Fails Guidelines:
From their GitHub (SNS_INIT/sns_init.yaml at main · CLOAD-App/SNS_INIT · GitHub):
- Total Supply: 1B $CLOAD – Treasury 60% (huge control at start), Swap 23%, Team/Early Dev 12% (vested over 2 years?), Seed 5%.
- Raise: Min 80k ICP, Max 800k ICP – Min participants 50, per person min 1 ICP / max 100k.
- Vesting: 3 events every 3 months (short for anti-dump?).
- Rewards: 2% initial to 1% over 3 years.
- NF:
true– Requests matching, but…
The NF Pause Kills It: Per Proposal 135970 (passed, https://dashboard.internetcomputer.org/proposal/135970), NF is paused since 2025 – no SNS can request it, proposals with NF=true “always fail” and “can’t be created.” Dominic’s guidelines (DFINITY thoughts on SNS/decentralization swap proposals) and voting post (DFINITY's voting on upcoming SNS launch proposals) stress higher NF standards (e.g., on-chain maturity, no over-reliance), but pause means reject anyway. No unpausing happened – team should’ve known this from forum/motion thread (Motion proposal to pause the Neurons' Fund - #19 by BANG).
This incompetence? They ignored a year-old pause, didn’t align with basics like no NF
Now let’s talk team. I’ve been in their Discord since the 2023 NFT sale (invested myself), and the communication’s a mess. Team (led by teihaku, no doxxing) is polite but super lax, non-responsive, and full of excuses – financial constraints, “new ideas,” plugin issues – leading to endless delays. They’ve got vague promises like “smoothly progressing” or “won’t take long,” but reality? Stalled for 2+ years, bugs unresolved, users losing faith and demanding refunds. This doesn’t match their shiny roadmap at all, which claims steady foundation/growth but shows no delivery. Feels incompetent for NNS – they can’t handle basics, how’ll they govern a DAO?
Team Communication Breakdown:
From Discord chats (screenshots from Jan 2024-Mar 2025), here’s the pattern:
- Non-Responsive and Evasive: I asked for status/milestones multiple times (e.g., April 2024: “Specific dates?”), got “uncertain but smoothly” or “expect before July.” July missed, then “around October” (Sept 2024), then “progressing, won’t take long” (March 2025). Users like ahmedwael beg for updates after 1+ year (“need my money bro”), team just apologizes without action.
- Bug Handling Fails: Wallet bugs lost ICP (e.g., Jan 2024: dishum/User93 lost 10 ICP each to duplicate addresses – team blames user mistake, no refund, “solving” but no follow-up). File uploads risk malware (June 2024: torrent links, no verification – I suggested hashes/check marks, team “consider it” but defers to “next version”).
- Financial Excuses Dominate: March 2024 apology: Postponed ICC dev due to “no profit from testing,” resources only for main tasks. But roadmap says 2024 is “growth” – how if broke? No transparency on funds from NFT sale.
- Ignored Community Input: I offered dev testing (April/June 2024: “I’m a developer, let me help”), got “invitation open” but no GitHub (still “not ready for open source”). Suggestions (malware warnings, Telegram group) noted but ignored – e.g., user wants group for early investors, team silent.
- Frustration Boils Over: Users call it “scam” (dishum), demand refunds (Feb 2025: “coin not launched”), or warn others (me: “inform investors you’re not serious”). Team: “Hope won’t let down,” “apologize for inconvenience” – no fixes, just hopes.
Roadmap vs. Reality Mismatches:
Their forum roadmap looks pro, but Discord proves it’s fiction – no alignment, just delays/excuses.
- 2023 Foundation: Claims Beta on mainnet, core modules/UI/social/file upload done. Reality: 2024 starts with broken wallets/files (lost funds/malware risks), no stable Beta – if deployed, why bugs persist?
- 2024 Growth: Rebuild/launch official version, token trading, sharding uploads, SNS start. Reality: March apology postpones features for finances; June “Motoko complete but integration not”; missed July/Oct launches; sharding/files still “next version” issues; SNS delayed from June (May forum) to 2025+. No multi-language/mobile proof.
- 2025 Expansion: On-chain trading, partnerships, optimize governance. Reality: Early 2025 chats still pre-launch, users raging over no progress – no trading/partnerships mentioned, just “progressing.”
- 2026 Planned: Cross-chain/advanced. Reality: If can’t launch basics by mid-2025, this is pipe dream.
This screams incompetence – team can’t execute, communicate, or fix. Doesn’t meet guidelines like maturity/traction (Dominic’s post: working product needed)
Checking the forum thread (Upcoming CLOAD SNS decentralization Sale), community from #23 on is asking sharp questions about product progress and listings – e.g., if apps/games are real or fake placeholders, why no updates, and risks of extraction. Sentiment’s mixed: Some hype the idea, but many flag delays/FUD, echoing my point:
What you see now (Aug 2025) is the same stagnant version from end-2024 – no inch of progress. Searches show similar concerns in other threads (e.g., long waits, shattered dreams in older SNS discussions).
Head to their Discord yourself – all the chats are there, proving non-responsive team/missed promises. I’ve screenshotted ours in case they delete. CLOAD team, challenge any claim here – prove me wrong with yaml fixes, code, refunds.
Personally, this isn’t SNS-worthy – it should be an honor to launch, not a pocket-filler. Despite my investment, I’ll vote NO to set a professional standard. Thoughts?
Dexter