Re: ⛏ Alexandrite (ALEX) | Hybrid | 50% PoS | Low Supply | Low Inflation

Expensive lesson ...

well it should be learn mate, this yobit bot is really making some convincing scene for those newbies thinking that the coin really
making it out great but in the reality it is the dev itself who's playing with his project and ready to dump after seeing some support
better to assess before buying alts mate.

Bottom line - Dev is idiot, he could make so much more as project was doing fine and could earn him at least 10 times more if he would sell his coins slowly. But as we well know most of people are money whores and will do anything for little change

PS: I fell sorry for those of you who lost your BTC on this, but dont be to upset. Even i felt for this scam and im usually pretty good at spotting them. Or just had false hope in decency of people - again Sad

I guess the dev did not think we can do maths and the reasonability test caught him out. Strange how the amount of effort increases in the attempts e.g. mobile and web wallets.

In essence the dev cannot pull sell orders of accounts he does not control, hence chances are high that sell orders are from good faith buyers and if it is more than mined coins it can only come from the premine.

The test can be improved by also subtracting dev declared sales. Premine is public accountable and therefore if the dev declares premine sales for things like development before he sells then those sells are also legitimate.