Post
Topic
Board Announcements (Altcoins)
Re: ANN][ESCO][NO ICO][MASTERNODES] ESCROW COIN- ESCROW CURRENCY FOR CRYPTOWORLD
by
homey108
on 30/01/2018, 08:24:47 UTC
LOL this is one of the dumbest cash grab's i've ever seen.  you might as well just say premine=500k, 100% PoS and stake all your coins.  i mean bc that's literally what you're doing.  WTF is the point of this coin (answer: there is none).

ye this is worth a bump .. people might have missed it.




Exactly.   The dev was obviously selling tons of masternodes on the side and cashing out.  With an ethical team, the very first masternode on the network is the one bought at the first public auction.  The whole process is public and there are a very limited number of masternodes sold so these first investors get paid well for thier large investments in a new and possibly scam project.  Not this shit coin, they were selling nodes left and right anyone and everyone that contacted them.   Already 120+ MN's on the network and the coin isn't even 10 days old. Heck just a few days after the launch there were like 80+ nodes online. This was before it was listed on any exchange.

So any new MN investors are buying into a coin that already has 130 MN's on the network in front of them waiting for their rewards.  Might make perfect sense for a well established coin that is $30-$40 and a decent friendly and helpful team.  But not for a coin like this.  Check out the discord and watch how "Cryptoaddiction" for example goes off on people when they ask for help.

I'm glad I stayed away from this one. Lots of great new coins out there with a limited and public distribution of masternodes. Where less than a dozen are auctioned off in public with no side sales.  Every new MN added to a system means longer wait times for your next reward and more supply to be dumped on the market leading to lower prices.  This coin was a big cash out and paycheck for the team at the expense of the investors.  You can see people starting to realize that on the discord, with a masternode that was working fine and is now 17 hours without a single reward.  If you have to wait 17 hours for a measely 6 coin reward, it's time to move on.

The team is laughing all the way to the bank.