Re: Energi [NRG] Cryptocurrency for World Adoption | PoS | MN

I did a lot of research regarding NRG.

And their volume @ DigiFinex seems to be mainly fake.

There are several articles that proof trade washing at DigiFinex.

Largely bots are manipulating the volume and influencing the price.

This document is interesting
https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

I don't see how the document you sent has any connection to energi. The words Digifinex or Energi do not appear in the document. Can you explain more simply how you made a connection between this document and Energi?

I also did some research on Google using the keywords Digifinex Energi and fake volume, but I couldn't get to the articles you mentioned. Can you please claim and share with us the link to the articles you say exist?

https://u.today/digifinex-exchange-review-binances-emerging-competitor

"DigiFinex also appeared on BTIs list of shame with a whopping 99.63 percent of its volume being fake (one of the highest numbers among all other entries that were lucky to appear on the list. Still, DOBI Trade, another Chinese exchange, gives DigiFinex a run for its money with 99.89 percent in fake trading volumes. "

https://exchangify.io/blog/new-listings-the-ocean-lbank-digifinex

"DigiFinex is another exchange similar to Binance, LBank and FCoin. However, DigiFinex operates from Singapore, not Hong Kong, and trading fees are higher at a 0.2% (flat rate).

Again, legitimate concerns can be voiced around the very high reported 24hr trading volume (around 150 million USD), as at first glance this exchange doesnt seem to offer anything in particular over Binance, FCoin or LBank.

There is no margin trading, no fiat support and fees are higher.

The English documentation is quite bad, and the exchange seems to be focusing on the Asian market entirely.

Again, we advise caution when trading on these Asian exchanges, as they could be artificially boosting their 24hr volume in order to attract traders looking for liquidity."

https://btcmanager.com/report-over-60-percent-of-crypto-exchanges-have-zero-trading-volume/

"According to the BTI report, some of the exchanges with little to no trading volume that are still on the CMC top 15 exchange rankings table include OOOBTC (one percent real volume), HitBTC (seven percent ), DigiFinex (one percent), OEX (one percent), Binance (87 percent real volume) and others."

ONLY 1% real volume at Digifinex... Roll Eyes

it's obvious these days and proven that it's full of trade washing exchanges. (only Kraken, Bittrex, Binance (largely) and a few more are fair...)

yeah yeah, i'm well aware of this situation, a lot of exchanges has manipulated the volumes, especially on the coinmarketcap.

Here is the document explaining the incidents: https://www.bti.live/reports-april2019/

And here is the exchanges who have real volume

How do you definitively establish the link between Energi and Digifinex? You said that only 1% of digifinex is real. That may be true, but do you have any evidence to make the same charge against Energi?

Well the idea that currently 86% of the volume comes from Digifinex with 99% fake volume that's doesn't speak for the credibility of NRG.

Digifinex will not let people see the settings of the bots. However the chance is extremely high that there are trading bots active for Energi.