Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Wincoin with low inflation rate of 3.5%
by
Iamcassian
on 16/02/2018, 14:46:15 UTC
Quote from: bitcoinboy12 on February 16, 2018, 03:09:53 AM
Quote from: Iamcassian on February 15, 2018, 04:42:24 PM
Quote from: bitcoinboy12 on February 15, 2018, 04:11:49 PM
Quote from: Iamcassian on February 13, 2018, 03:44:15 PM
Quote from: bitcoinboy12 on February 13, 2018, 06:56:29 AM
Quote from: Iamcassian on February 12, 2018, 08:36:06 AM
Why is it there are times where there are 0 nodes in Cryptopia coin info?

I checked it out and there are 2 connections at the moment. Though it is weird, with high volume like them but only a few nodes.
Add this to the fact that there are the top 4 wallets contain close to 90% of coins.

Something is not right with decentralization of this coin. It could be a manipulated one for several weeks.

We wouldn't know for sure but there's a big possibility. A coin with huge trading volume but only 4 wallets has 90% of the total balance is unusual. So that could explain why there are not much responders here in Bitcointalk. The trading volume doesn't reflect what is going on outside. So it could be the reason why there's only 1 exchange so it will be easier to manipulate trading.

But we can't say for sure... though a bit most likely.

Here's my proof that it is a self traded coin
It has been out in the exchange for quite some time already and having around 20-30 BTC daily trading volume on average (except recently when they're having just around 10 BTC per day)

https://i.imgur.com/LrvAC8E.png

With all the trading volume this coin is having on a daily basis, there are only 7 significant wallets then the rest are very small players. Look at the ratio of those 7 wallets with the rest. If that would be the case then I might be wrong on 1 idea because I thought those are self trade but it seems those are group trade as the volume is just taking place from these 7 wallets.

I'm not saying that having 7 whales is bad as all coins have whales or the fat wallets but at least the rest of the community has coins as well so the graph wil have a gradual slope unlike in the screenshot above, outside those 7 all wallets are pretty much insignificant already. Try to compare it with your respective favorite coins to see the difference.

These are the type of coins that destroys cryptocurrency reputation. Invest at your own risk.

Thank you for this info, I've never seen this before. Yes, you could really be correct that it is a manipulated trading volume. Well, there will always be scammers in the crypto world.

That is the reason why they don't disclose their faces in their website.

Maybe that's the reason why they're not doing an automated swap from the previous blockchain, its because there are only a few unlucky ones who got affected. But still doesn't explain why having 2 working blockchains. It just doesn't fit the puzzle. They could be scammers by hiding their faces and doing self trade for weeks or months and
releasing a new blockchain while the old one is still working and not doing a swap but it just doesn't make sense why.
They don't have ICO investors to answers to or maybe they're hiding their ICO participants as well but I never heard of them having an ICO before. So we don't know if they scammed people before.