Quote from: Bobrox on Today at 08:01:27 AM

Quote from: MiF on September 03, 2022, 10:44:43 PM

It is hard to know a potential project this time, there is a lot of new projects that turns into a rug pull and fall into very cheap at price that can end you up loosing a lot of capital. One example of that is the citizen finance/ cifi project from the price that reach 200$ above now is 0.04$ imagine that loss if you invest during its hype that reach 200$ per token, the crypto is not always about gaining its about how you understand and extend your patience proper analysis and controlling emotion is needed.

Unbelievable with Citizen Finance price right now only $0.04 because ever I saw this coin price above $200, we can't accurate predicting with potential project or not but I think if some project listed with dapp exchange market only never trust 100%. What happen with Citizen Finance coins become reason with coins list on dapp exchange market only and they can suddenly removed liquidity pool and make price drop until become scam project. Have many time cases with scam project if liquidity can removed when ever developer want and not guarantee lock for several years later. Shocked when I check with Citizen Finance coins price drop drastically right now and hope all investor can be good experience never greedy for holding some coins project.

i also know about this project, the development team is still working and their communication channels are still active, the project is not abandoned yet
the price drop to such extremes is partly due to the fact that the cifi development team increased the supply by 10x and the price adjustment to match the total new supply was made before the bear season arrived
the bad thing about this project is that they didn't pay the bounty hunters, they appropriated most of the rewards by not distributing all of them after the end of the campaign, which is a pity for such a project