Likely presale selfbuys or entirely imaginarey numbers to make the illusionary impression of demand for it. The oldest trick in the book.
Wow you're cynical! I guess that's possible but why "likely"? Especially give the list of angel investors? I'll admit - I actually did buy some.
In crypto every presale is a scam until proven otherwise.
I understand the once-bitten-twice-shy feeling if there have been a lot of scumbags running scams in the digital currency community. That said, I don;t think you can lump them all in the same bucket. Or you can if you want, but that just means you'll never be an early adopter in a coin like this.
There are no "early adopters" beyond the creators of this coin. 3 billion coins (later 100 billion) but only offering 100 million to the public. Lol. The inflation means the founders will be robbing everybody blind. Massive Inflation = Scam.
Don't pretend this is the first time we've seen this. We've seen big IPOs ran by organized groups and even corporations, all pitching the same dreams "1 million users in the first year" and all went to bust one way or another..