This is getting ridiculous. Wash trading going on and the dev hasn't even spoken up about this. The dev should be able to address this with coss.io. The top 4 spots have over 1M ufr trades now and growing. As mentioned previously these abnormal trades go on and they work in pairs because look how ranking 1 and 2 are similar in volume and they move up in ranking at the same time when they trade. Same as rankings 3 and 4. Same with 5 and 6. And on and on.
Rows and rows of complete manipulation in the market history.
Rows and rows of complete manipulation in the market history.
I can reach out to COSS about this. They have stated that they will be excluding "wash trades", but in practice I'm not sure how strict they actually are about it. The trading promo rules and regulations are something the COSS team manages on their own. They have several of them taking place right now, so this wash trading issue would exist for those coins as well.
Thank you for responding. I hate to say this but if they do not address this issue than I believe it might even be people from coss that are doing these wash trades. I've seen every day now trades appear in the market history column literally seconds after seconds WITHOUT ever seeing the buy or sell order ever entered into the "buy orders" or "sell orders" columns. This does not look good for coss.
As of today you can easily see the top 1-25 spots ranked are wash trades. And FOR SURE anything over 1 million in UFR trades is wash trades and currently that is the top 14 spots. Maybe it's just one individual with a bot but either way doesn't look good if coss does not address this. Once again thank you!
Well this turned out to be a fucking joke and big waste of time! Should have known it was too good to be true giving away so many ufr coins. ALL top 50 spots were wash trades. Traded every day from the first week and was at the top 3 spots most of the time until all the bullshit wash trading INTERNALLY was happening. As mention above I CLEARLY seen towards the end of promo every day trades appear in the market history column literally seconds after seconds WITHOUT ever seeing the buy or sell order ever entered into the "buy orders" or "sell orders" columns.
This is what hurts crypto and exchanges when this type of shit happens and there is no accountability. So many people complaining on coss reddit and calling out this scam. I sure is hell won't recommend coss to anyone. Too bad these fuckers are in Singapore and not the US. I would have loved to send proof of this scam to the SEC.