https://twitter.com/ProofofResearch/status/1129650849423286272- Based on that thread Nimiq seems to have paid $500k (~5% of funds?) to HITBTC, a known unusable and scammy exchange by everyone that ever used crypto.
- They purchased part of a bank for an undisclosed amount.
- Acquired property in Costa Rica for $1million which seems illiquid and not a wise investment considering you believe (do you?) in the future of money
My questions are:
When can we expect the next "transparency" report?
What happened to the unclaimed erc20 tokens fund?
Why is Nimiq investing in a bank?
Why does Nimiq still employs an inexperienced community manager as the "face"? he failed in the 1.5 years he's been in charge, there are about 40 active people in the Nimiq community, most of them can't wait to make their money back to get out (thus why they are waiting impatiently for "Binance", as if this was a solution), the other 20 are not developing much, the few that do are doing it because they are "paid by the community fund" a few thousand.
Not only that the transparency reports fails to show any proof that they have the funds they claim. We should be able to somehow track and confirm the claimed remaining funds. Either post BTC and ETH addresses of their wallets or to pay a third party company which can conduct a propert audit and sign the audit. I, personally don't have any trust in their so called "Transparency reports".
They pushed the killswitch to suspend the trading activities of the NET ERC20 token. When, nimiq foundation will get bankrupt (so far they burned over 8 million dollar from their initial 12 million dollar ICO), they will most likely write a medium post saying: "we are sorry, nobody is buying the nimiq coin. So, we have to press the killswitch suspending the nimiq network as we became bankrupt". Remember, they stated that the burning rate of the nimiq was over 250,000 A MONTH. After some time, they mentioned the cut off some of their burning rate, but most probably the burning rate increased as well, as they hired a bunch (over 5 ) new people.
Why nimiq go to scam? Tell me please
I checked at coinmarketcap nimiq rank is 459
Hope team make some announcement to move price go up again.
Simple answer. Cuz nimiq is a scam as well. They do everything to be in control manipulating the price buying coins from the market. Listing themselves on big exchanges, means that they will have to manipulate the price on other exchanges as well, increasing their burning rate dramatically as they would have to deploy trading bots and buy more coins from more exchanges as well. If miners will sell all their coins now, they will become bankrupt in a day.