/biz/ - Business & Finance

VIDT is a scam. Token not needed. They created VIDT for the sole purpose of raising money. Service idea came first and then VIDT got shoehorned into it. They needed a utility coin for an ICO, as otherwise it would have been a useless security token and have no chance of being listed on exchanges or being legal. They knew no one would want to invest in a "1 VIDT = 1 Validation" scheme because that would make it a stable coin and have no speculative value. Which also means that VIDT price doesn't matter to V-ID at this point, they already got their million dollars. Unless they want to dump. All buybacks are scams to raise the price, so you give them your lunch money and create liquidity to dump into when the time comes.

The V-ID team even admits right on their website that the token is an illegal security, that they created the coin for its speculative value, and that the tokenomics were "praised" by pajeet moonboys. Even they know it could have been a stable coin. Then the founder lies in the face of bagholders on Telegram and says it's a utility token and two unknown lawyers have confirmed it as such.

But don't question it, or you might just get banned.

If any anons have any UNBIASED questions about V-ID or Acronis, holler at me. You can also summon me by posting a picture of a teal circle. It's the BAT signal.

VIDT is a scam. Token not needed. They created VIDT for the sole purpose of raising money. Service idea came first and then VIDT got shoehorned into it. They needed a utility coin for an ICO, as otherwise it would have been a useless security token and have no chance of being listed on exchanges or being legal. They knew no one would want to invest in a "1 VIDT = 1 Validation" scheme because that would make it a stable coin and have no speculative value. Which also means that VIDT price doesn't matter to V-ID at this point, they already got their million dollars. Unless they want to dump. All buybacks are scams to raise the price, so you give them your lunch money and create liquidity to dump into when the time comes.

The V-ID team even admits right on their website that the token is an illegal security, that they created the coin for its speculative value, and that the tokenomics were "praised" by pajeet moonboys. Even they know it could have been a stable coin. Then the founder lies in the face of bagholders on Telegram and tell everyone it's a utility token and two unknown lawyers have confirmed it as such.

Don't question it though, or you might just get banned.

Even V-ID admits on their own website that the token could have been a stable coin, but pajeets have praised the ponzi scheme, so it's okay. VIDT is an illegal security token in the United States and at least half of Europe.

>>16266189
>Can I replace the token with a stablecoin? Why not?
>Technically you could, but VIDT has been praised on its innovative tokenomics.
>A steady rise in value is a great reward for our investors. The buyback and burn program stimulates natural deflation tied to our business performance.
OH NO NO

>>16267751
>Which is obviously implied, but they are playing lawyerball the right way to skirt security token status.
They need better lawyers. Pic related.