Post
Topic
Board Tokens (Altcoins)
BEWARE!
by
pirotick
on 01/03/2018, 22:08:27 UTC
I have been into this coin for some time now. It never went much up or down but I held it because of "tokenomy" and all it entails (check whitepaper). Just few hours a go, we received official confirmation that, unlike what they promised in whitepaper, only people eligible for active participants (share 20% of commission income) will be those with over 20 000 tokens, plus even them may or may not be given a status of active participant or if they are active participant, they might not get any tasks which then translates into no % sharing.

20% of commission was meant to ensure there is a buy pressure hence price would go up. What they did now is erase those 20% share of commission and continue to not force brokers who use their services to buy tokens off of exchanges. Instead, they are artificially pumping the volume and always placing both buy and sell orders around 100 sats under the lowest asking bid so they dont buy from regular token holders.

You can see the proof for your self, volume has been 1 - 3 million in last month with no effect on price whatsoever.

Here is a proof of conversation in telegram channel with one of the admins:

https://imgur.com/G0N8BXf

After all is said, its just another scam in world of crypto.