Alright worst case scenario, the devs hold a large portion of the gen addresses and they're unloading on us because both projects will most likely fail. How likely is this? Do we have reason to believe this? I don't think so. Its very well possible the devs own a large potion, and that they're unloading onto us in rder to pay for further development. If that's the case, fine. Or, they're unloading because they don't want people buying ETH in order to contribute to the ICO, which is why they're dumping MNE in order to keep prices low enough so that more people buy MNE, reducing the supply. I'm curious for the devs' response
Are you being scammed? All the signs are red and the community still holds on to its desperate belief that some good intentions are driving this project. I would recommend to offload your stake and continue from the sidelines to watch how this develops
Oh wow, thank you for the recommendation I'm not sure what I would do without this totally unsolicited trading advice.
This project is ranked 350 on CMC, FedoraCoin has a higher cap than this project. It's under devloped and a risky investment but the upside is huge, are we being scammed? I doubt it. Is someone (possibly the dev) making a lot of moves using MNE genesis addresses? Yes, absolutely, what more is there to say? This is all speculation and, as you said, if you're not into the risk than maybe you should wait on the sidelines and watch how it develops. Instead of telling everyone to sell like a FUDster....
I have my doubts as well but undeniably something shady is happening here. All of these address' get their gas from 1 ethereum wallet, they then all offload to livecoin.net's address. From there if it all being sold as a way to fund development it is extremely shady. These address' were active during the ATH and they are now active during the ICO. This would mean the dev is selling all his MNE without telling anyone and saying that all these genesis address' were delivered to community members.