Quote from: paul09 on February 27, 2014, 04:32:25 AM

Quote from: Cryptock on February 26, 2014, 10:31:21 PM

Quote from: Cryptock on February 26, 2014, 10:27:52 PM

PREMINE SCAM COIN -RUBYCOIN
Maximum Supply: 60,000,000 RUBY
Algorithm: Scrypt
Pre-Mine: 1,200,000
Block Reward: Step Reward : 500 / 250 / 125 / 75 / 50
Total coin in circulation: 1,766,950

RubyCoin like any other premine scam coin, most of the coins in circulation are owned and controlled by the RubyCoin Team. Investors usually use page views and numbers of replies on a coin announcement page to determine the popularity and success of a coin but failed to discover the secrets hidden in those pages.

RubyCoin is a soon to be dead coin, this article is just a warning for the investors and potential buyers to get out when they can and in few days the full obituary will follow.

A precious gem for the digital age will not be premine to the tune of 2% which is 1,200,000 RUBY and that's 67.9% of the entire RUBY in circulation.

Although having a premine it's good advantage because the development team can bribe the exchange to support their scam and start to dumping their mass premine on the innocent buyers.

They can pump the prices up as they wished since they have 67.9% of the entire RUBY in circulation.

Buyers are tricked to believe that RubyCoin is rare but in reality there's someone holding 1,200,000 RUBY( the average buy and sell order is under 4,000 RUBY)

To maintain the claim of using the premine to pay bounties, the development team will pay themselves the rewards. This is due to the lack of transparency and accountability in the spending.

Please don't support a premine scam coin created by coingen.io, they are many ZERO premine coins out there

SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM

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