Hey everyone if you have any questions relating to UNY, DIG, Arbitrade or cryptobontix please post them up, i am in direct contact with one of the directors of Arbitrade and he is willing to answer questions.
I will be writing a little medium with the questions i have already asked and the answers i have received. Once i have written this up i will make it live and post it here. I am not willing to name the director So you can either believe what i am about to write and post OR you can call it BS.
Does the token currently have $1 of gold backed for every coin? How did they fund? Is there any debt that would lower the true value of the company as of today. If there is essentially no debt on the company and the gold is there, why is this coin not at a dollar today.
Thanks!
It's because when you look at all issues raised - in their totality - this is a con. It's a classic crytpo-hype that leads to a pump & dump. The website cryptobontix is a clone of arbitrade (or the other way around) and they are both so cheaply made (looks like a 5th grade made them)... both are hosted on a cheap @$$ shared host.. Not a site for a 3billion dollar worth company. The address issue raised is also another stinky pointer... A 3 billion dollar company using an empty retail shop as their official address? Come'on!
But the best giveaway is - the deal is too sweet to be true. If you have 3 billion $, you create a new coin / token - you don't beat a dead horse (UNY). But as said by someone here, those who bought in early will still make a killing out of this. I did buy at .02 USD, sold off some at .07USD, recovered my investment and am gonna hold on to rest for as long as I can and hopefully get out ahead of the dump...
Now, now, now, wait there, sir. According to danishcheese, very well-known and trusted cryptocoin developers do this all the time. Remember when the Bitcoin Foundation used a vacant building as their address- oh, yeah, that never happened. Wait, remember when the developers of Ethereum used a vacant building as the address of their office- oh, wait. That never happened either. LOL.