Post
Topic
Board Announcements (Altcoins)
Re: ✅[ANN] LOGIS COIN LGS ⭐️ MASTERNODES ✅ POS⭐️COINEXCHANGE.IO&CRYPTOBRIDGE LISTED✅
by
enigmatical
on 10/10/2018, 14:38:53 UTC
You can see the massive market manipulation if you check out Logis on https://masternodes.online/currencies/LGS/ or on coin market cap.

Today (10/4/18), it shows 3.99 million in volume against a 4.7 million marketcap, which seems crazy enough, but when you check it out farther, you will see that there are 301 masternodes, locking up 71.04% of the supply.

Doing a little math shows that of the 423,734 LGS in circulation, 301,000 are locked up in masternodes, which leaves a total possible 122,734 for trading. That 122K coins has a current value of 1.36 million, which means if all of the coins not locked up in masternodes are on exchanges being traded, each coin is being traded 2.93x PER DAY.

How is it possible that in the real world, every possible coin is being traded almost 3x per day? I think we all know the answer to this.

My advice? Steer clear!

-------------------------------------------------------------------------------------------------------------------------------------------------------------

I was about to write a post exactly as you did. So, I will only add that LOGISCOIN and LIGHTPAYCOIN are the same people doing a really good job manipulating the daily volume. As you noticed, yes, it is a clear manipulation, the owners of the masternodes/devs are just creating coins, buying and selling the few percentage that is unlocked, several times per day (I think they made some bots), quite stupid because blockchange technology is transparent and you can make some math.

STAY AWAY FROM LOGISCOIN and LIGHTPAYCOIN...!!! high ROI does not mean that it is good investments, around 95% of the coins around here are shitcoins...!!!

Why don't you use your original Bitcointalk account rather than creating a new account specifically for this purpose. You should go elsewhere to spread your FUD and leave this thread