Why did this coin failed?
In a nutshell, it failed because of the egos of certain recently added team members (now gone) who felt it necessary to throw the roadmap out the window, lie to the community, freeze coins, and release untested code, all of which caused complete chaos, a delisting, a massive sell-off, a broken blockchain, people losing coins, not getting rewards, and no exchanges working. Until about the month ago the coin was doing just fine after more than 18 months.
Efforts are being made to recover from this complete incompetence because of its large 20k discord community, but the damage is done. As with many things, you often only get one chance to prove your worth and this coin has failed that test sadly.
There will always be rogue elements in any movement, we deal with it, adapt, evolve and move on. B3 is an honest coin ,with honest community ,and honesty always wins,that is universally proven law of our collective human experience so far....
Here is the latest information from Discord ....
D4NNY - Today at 7:36 PM
https://drive.google.com/file/d/1veUuqcJHRxCkDdnogKLtnxdly9W9JeyR/view?usp=sharing(edited)
Google Docs
Coin Swap FAQs.pdf
Coin Swap FAQs
As many have known for a while now a coin swap was presented as a solution to the supply issue. We are glad to answer that we have applied the coin swap, simply put it is
a virtual coin swap with the ratio of 1,000 B3 to 1 Kilo B3. The new wallet, 3.0.0.5, will use the Kilo B3 representation. The new wallet is a soft fork, which means you do not
need to update your wallet, but it is highly recommended. People that continue to use the old wallet will see the coin representation as B3 (so 1,000 b3 rather than the 1 KB3).
You will be able to send coins anywhere whether you are on the new wallet (3.0.0.5) or the old wallet (3.0.0.4), but be aware that depending on the wallet you are on you will
see a different amount. Example, You are on the new wallet (3.0.0.5) and you send 1 KB3 to your friend on the old wallet (3.0.0.4) he will see 1,000 B3. All exchanges will be
using the KB3 coin.
F.Y.I: The new wallet is not yet ready for download. This is just to explain what the coin swap has done.
So lets review. The blockchain isnt working, no exchanges are working, there is no relevant website, and instead of focusing on those key things there is an announcement about a coin swap that has just been implemented without any advanced notice.
So it seems the team implemented a coin swap before fixing the blockchain or the exchanges, you can be sure the price now stuck at 0.1 sat (because it cant go lower) has now the opportunity to drop 1000 points further. A coin swap could be a good idea, but only once all those other issues are sorted and there is at least some positive momentum. So a coin swap has rolled out without any warning compounding all the other issues and creating more chaos and uncertainty.
This is not the time to play with new ideas but to fix the basics. The team needs to get its act together.