Re: ANN {PoWH3D}🚀 PROOF OF WEAK HANDS 🚀 2,098 ETH INVESTED SO FAR 🚀 NO ICO
I asked about your team because you label yourself as an exchange which means:
You must meet certain requirements to operate in the United States (whether or not your HQ is in the United States) your exchanges does not prohibit US citizens from participating. Do you have an SEC registration number for your securities if you are allowing US Citizens to trade on your exchange.
We do not answer to Uncle Sam, so the SEC can go fuck itself. You must meet certain requirements to operate in the United States (whether or not your HQ is in the United States) your exchanges does not prohibit US citizens from participating. Do you have an SEC registration number for your securities if you are allowing US Citizens to trade on your exchange.
In your discord your "team" is accessible but we do not know who you are. Asking people to use your exchange without showing the identity of your team lacks transparency.
No one is forcing you or anyone else to put their ETH into the Contract, if you do not like it, do not invest. Quite simple. What system do you have in place to reimburse investors in your exchange if your contract is hacked or malicious code is entered into your website to have individuals deposit funds into another contract without their knowledge?
You do not really understand how smart contracts work from the sounds of it, perhaps go learn a little about them, again, for the third time, the contract CANNOT BE CHANGED OR ALTERED BY ANYONE INCLUDING THE DEVELOPERS. These are not FUD questions, these are legitimate questions. Given the nature of MLM websites stealing funds from its users like Bitconnect, Falconcoin, Hextracoin, Davor and others, these are things you should transparently explain when advertising your exchange to potential investors.
Every site you just mentioned is/was a lending platform, where the developers have access to your funds.PoWH3D is NOT a lending platform and no one but YOU has access to your funds, this reverts back to my earlier point, please educate yourself with Smart Contracts.
Also, it seems based on your contract that your team has the ability to manipulate the value of P3D. If I am incorrect, please explain how the price of P3D is determined.
From the outside, it seems your site is a smart contract version of the other Ponzi/Scam sites. Again, if I am incorrect please provide information that explains otherwise.
Again NO ONE CAN manipulate the value, if people sell off/dump, they are penalized and the funds from that penalty is dispersed (automatically by the contract, not a human) amongst those who do not have weak hands. From the outside, it seems your site is a smart contract version of the other Ponzi/Scam sites. Again, if I am incorrect please provide information that explains otherwise.
You have a nice project but calling yourself an exchange and allowing people to invest without adhering to SEC and other regional laws puts your platform and its investors at risk.
I think you are pissing on our leg and telling us it is raining by saying "You have a nice project", you do not like the project, you are only interested in what the SEC will or will not allow and you think that the Developers have access to the funds which they do not, you are incorrect on all points and it has been explained to you several times. This is not an ICO, keep that in mind. So please either choose to invest, or go phone the SEC and report us and then go learn what the word Decentralization means and how it relates to Crypto.
Even if the SEC were able to shutdown our site, which they cannot, users can still access their tokens buy/sell/reinvest using Metamask and Etherwallet, so maybe they should also be reported to the SEC?
