/biz/ - Business & Finance

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>"New terms": Total supply: 500mil XNS; No vesting: all XNS in circulation
>other 500mil that were created by token swap will be burned -- no more dilusion of token supply
>"coins will be burned Dec 3 2020"

Here is where it gets interesting for /biz/:

THOSE COINS HAVE NOT BEEN BURNED YET. The dev wallet is up to just over 400mil coins now but they appear to be having trouble accumulating the 500mil. This is why the Dec 3 date for XNS coins being unvested (and then dumped on the market by scared investors) WAS met, but the burn deadline wasn't...

Dead coin, right? Rug pull. Pajeet scam. Yet Insolar just filed three high level big brain blockchain patents this year, one as early as a couple weeks ago. One of their recent Medium posts states that they have a major announcement regarding a payments partner, but specifically states that they can't get into details due to an NDA. Github is still active (and last year was the most active crypto project overall, apparently). Telegram active. But radio silence on the token burn...

And then we get to the XNS token market... $2.5mil mk cap. Huge volume despite being on only two exchanges. VERY liquid for a "dead coin". But price goes no where. Wash trading? Trading algo suppressing price? Is Insolar desperately attempting to acquire the rest of the tokens they require for the 500mil burn that apparently the SEC has either enforced or expects of them?

And there in lies the opportunity, potentially, frens...

SITUATION: /biz/ may have stumbled upon a vastly undervalued crypto -- Insolar (XSN). Check previous threads for info.

>Insolar had 3 major block-chain patents approved this year
>70+ full time employees
>most github commits of any project in 2020
>major Fortune 500 business partners
>team are all on LinkedIn
>active Medium, Twitter, GitHub; respond to messages
>legit looking website
>real white paper
>competitive tech (main rival appears to be VET?)
>in short, this is not a pajeet p&d this is a real project with viable technology and real clients

YET THE MARKET CAP IS $2.5 mil! HOW CAN THIS BE!?

>Insolar fucked up their Binance listing last year
>Binance didn't like their ICO model (why? we need to do more digging)
>Insolar tells Binance to fuck off
>price of original INS token collapses
>Insolar commits to creating new token (XNS) which the INS will be swapped for
>Insolar commits to buying back 500mil of the 1bil token supply (of XNS)
>will burn this supply once they've accumulated it (currently they have more than 400mil)
>100% of supply will then be circulating; zero founder treasury
>Why? apparently because they need to do this to stay in the good graces of the SEC
>currently *massive* volume for XNS on Kucoin Ex, for a micro-cap
>is Insolar suppressing the price with wash trading or other algo techniques to suppress price?


TL;DR: Possible major opportunity due to price suppression combined with imminent 50% token burn for a legit project that cannot possibly be worth only $2.5mil mk cap. NOT a p&d. NOT a pajeet scam. DYOR. Look in the other threads.

PREVIOUS THREAD:
>>28820786
>>28792804
OG SCHIZO ANON WHO WAS IGNORED:
>>28481011

PREVIOUS THREAD:
>>28792804
>2.1m cap
>1.2 vol
>#1 on github for crypto commits
>#2 github crypto commits is Elrond valued at 3b
>100m cap xns is $0.75
>1b cap xns is $7.50
>2b cap xns is $15
>4b cap xns is $30
Read previous thread to get a jist of the situation here. There is a reason why XNS is sub $5mil market cap. They are currently buying up the supply until their wallet hits 500mil and then they are going to burn it and cut the total supply of XNS in half. This is NOT a dead coin, this is an active project with 70 full time employees. An anon in the last thread discovered a patent that was approved just this month. But no news at all from XNS: total black out...why? We suspect NDAs. DYOR on this BUT DON'T DISMISS THIS SITUATION AS A PAJEET SCAM. Read the last thread, /biz/ may have caught onto an epic opportunity.

There is something shady going on here. Why would a coin that had once been the most active crypto project in github go radio silent since December? Also they seem exceptionally chill announcing that they have been delisted from exchanges always reporting it in a positive almost cheerful tone.

What are the chances that the devs are actually fudding their own coin on purpose to rebuy it cheap since apparently they had to burn their reserves to comply with some SEC bullshit?

If I buy I may lose all my money but it costs just fucking 26 sats.

XNS secured a partnership with microsoft last november, everything has been sketchy since then
>really makes you think

XNS is literally the answer

The devs are buying their own coin and are working under NDAs

I'm beginning to laugh how little people know about this