It's a shit ICO with the worst names I have ever seen in crypto:
XtraBYtes
STaTiC - Services, Transactions and Trusted in Cointrol nodes
VITALS - Virtual Information Transmission ALigning STaTiCs
PULSE - Ping Unified LEdger Synchronization Equalizer
...
I fail to see how PoSign is any different from PoS.
It should be dead and burried, there's no point trying to sugarcoat shit, it's still shit.
And if the tech is really that good it should be forked/relaunched with a proper initial distribution, eg. not ICO.
I have to agree, and the fact that it shares a ticker symbol with a well-known scam ICO from January and the devs admit that they're just re-using coins from that scam ICO is an extremely bad thing for their image, even in the unlikely case the tech was as good as they say.
LIES LIES LIES. The coin yes is resurrected by a couple of investors in BITMOX who got scammed. They did so to fork and recover funds for those scammed, so they had to keep the ticker and also thats why they did an ok job turning the ticker into a decent enough name. I mean what would you do with XBY for a coin name? I think they did a good job in the circumstances.
Also after trying to clean up the scam code and build his tech on top of it, gave up cause it was so shit. So now a new coded coin has been launched that is now mirroring the old shitcoin which will be taken away. Keep to the truth guys.
Kind of sad the backstory gets twisted to attack the project when actually the backstory is one of integrity and selflessness as the developer Borzalon doesn't even own much of the coin. He could of made a big ICO and raked in a few million but choose to help investors and use them as starting point for his new project. I'm an OK guy but I defeinetly would do an ICO and make a ton if I was him.