Hello Devs, explain to me how did you have a market cap of more than 1,000,000,000 (billion) dollars with a total movement of $ 100,000
You really does not need explanation from dev. This is how it works and this is happening over and over again:
How to create this type of shitcoin?
- Clone some coin. Really does not matter which, but the best is some fancy PoS with more than 100% interest rate.
- List it on some exchanges and CoinMarketCap.
- Create two accounts on exchange.
- One account sells few coins at high price. Second account buys it. Do not forget to keep 99% of all existing coins in your wallet for futher dump, in this phase you must keep circulating suply low. Now you have set target price on CoinMarketCap and market cap increased as well
- Wait for some dumb people willing to buy and dump part of your coins.
- Repeat previous point
- Everybody now knows, it was scam? Do not worry, dump rest of coins to exchange and repeat all points again with new coin
Really, DO SOME RESEARCH BEFORE BUYING!
- Read whitepaper and try to understand it
- Read github source code, commits, contributors...
- Validate richlist
- ...
- ...
- Wait few days and rethink your decision
- Do you still think it is good coin? Then buy it.