Re: [ANN][SYNX] SYNDICATE Ltd | Masternodes, PoS, Community voted projects
I have been researching the supposed resurrection of the Syndicate project for the better part of a few hours now and keep coming to the same conclusion about this project: It is a Masternode Scam that was resurrected to pump the price. Yes, the new website and twitter had a makeover to make it look pretty and appealing to newcomers. And once newcomers saw that that the project had some following and a new "bluepaper" they figured it good enough to sink 5k into for a MN because masternodes are the newest way to get rich quick in crypto. The dev team responds every couple of weeks with little to no new information on the state of the project or direction. There has been a failed hard fork(gravity), that was questionably positioned to pump syndicates price. The bottom line is that the new team has done the minimum to put a new shine on a dead project and the price of said project has gone up because people think they're going to passively make bank running a MN for an upcoming project. If anyone did some basic research on the project, then you would have formulated the same exact opinion that I have. It is important to gather all the facts before reaching judgement, so if there is anything I am missing then please dev team, or project supporter help me understand what this new team has made that shows progress. And please don't say look at the new wallet or twitter or website. Lack of communication by the dev team in a community project is the biggest indicator of p&d scam. If you're running a MN and believe in the project, I hope you aren't the ones that get caught holding the bag when the music stops.
Hey nice first post
Yeah first post you got me there, but was anything I said wrong? Not really, the communication in this group from the new lead team is horrible, there was a failed hard fork, and nothing substantial has been created. Add masternodes to any project and people will come running. Especially if they're affordable (which these are). I want to be wrong because it seems like there was some really good ideas from the original team, but nobody had any factually positive things to say. So far I have just been mocked about my account being new, which had nothing to do with anything I said. I may have came in a little hot, but I'm just looking for answers. These same points I am making have been made before about this project if you look back through the thread and nobody has cared to refute them or prove them wrong. Transparency in a community supported project like this you think would be paramount, but then again maybe this isn't a true community project.
If you don't want to invest don't. most people take their time before sinking money into something. Not all who's got more money to burn.. Your warnings are great and all but you have to consider the new dev started just couple of months ago. Price is rising because of this effort true. Completely fixed the wallet that was buggy from the get go. Seriously all crypto are speculative asset unless it's top 3 coins. Most coins have no real use in the real world but we are still at brink of cryptocurrency. Yes some coins do sign up with big corporations because corporates want to bank on the people. Long as there's a community and people believe there's really nothing to worry about. There's already 3+ million coins locked up in a node. I recently got a node because syndicate has a lot more going than many other masternode coins. Besides dash, pivx and some other coins most of these people are gambling while the market is hot. You have your perspective and everyone got theirs.
Syndicate has been around for a while now. It was dead for the longest time but it's starting to rise because people take notice all these things. I remeber buying syndicate back when it was 1000 satoshis. Look where it's at. It's gone international. It's traded in major exchanges. It's growing bro. Relax.
Marvel213,
I appreciate your response and the thing is I do want to believe in this project because I saw all of the good things that you saw/see and probably the reasons why you invested. I'm not trying to FUD anyone into selling or mess with the community, but I know a little communication can go a long way in taking a project from the ground floor to the next level and making believers out of people outside the community who are on the fence. At the end of the day everyone thats vested in the project wants for their investment and the project grow. I see so much potential in what is going on here, but something as simple as devs not communicating being something thats holding this thing back enormously. That communication could be the difference between incremental and exponential growth. I am not apart of the community yet as I have no vested interest, but if I were apart of the community this would be something that would unsettle me and I'd seek more clarity on going forward. I truly wish this project nothing but the best and hope the new team does as they say they will. In a wild wild west type market its imperative to be cynical or more often then not you will get taken advantage of.