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/biz/ - Business & Finance


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28917874 No.28917874 [Reply] [Original]

TL;DR -- $2.5mil mk cap XNS MAY BE RADICALLY UNDERVALUED DUE TO POSSIBLE PRICE MANIPULATION AS INSOLAR ATTEMPTS TO AQUIRE HALF THE TOKENS FOR A TOKEN BURN (possibly "encouraged" by SEC).

1/1

>be Inslar circa 2018
>realize that they cannot provide clients with the services they request /w ERC-20 token (INS)
>decide to switch to mainnet + native token (XNS)
>token swap (INS>XNS)!
>tokenomics of XNS network will require additional pools of XNS to be created (primarily for staking incentive pool req. for network security)
>token dilution
>be ICO investor
>REEEEEEEEEEEEEE!

Investors were pissed, but token dilution was obviously not conducted due to greed but rather to switch to mainnet so that Insolar could actually provide innovative solutions and be a serious competitor in the space.

At this point perhaps there would have been a sell off; pissed off ICO investors jump ship; but price would have stabilized and then recover as Insolar expanded their network and onboarded clients that they could now provide the requested services to.
BUT THEN:

>be SEC
>drop 2019 Framework for Investment Contract Analysis of Digital Assets
>Insolar (((lawyers)))
>FFS!
>SEC framework would consider XNS to be a security if they don't vest ICO investor's coins retroactively
>Insolar clients are Wall Street giants
>Insolar MUST be SEC compliant
>sorry faggot ICO retail investors...your coins are now locked

A perfect storm: the combination of the unpopular token swap with the SEC regulations was a double whammy that crashed the price of XNS. All of 2020 has seemingly been a nightmare for Insolar as they have nonetheless attempted to conduct this swap in a legally compliant way. No exit scam here. They’re grinding away to recovery from the huge setback. They have even been MANUALLY swapping coins and had to extend the deadline multiple times. However, suddenly in late Nov 2020, BOOM:

>> No.28918002
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28918002

2/2

>"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...

>> No.28918171
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28918171

Founder, pic related

Good Articles:
https://medium.com/insolar/mainnet/home
Economic White Paper:
https://insolar.io/uploads/Insolar%20Economic%20Paper.pdf

x3 Patents Filed This Year:
http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=S&l=50&co1=AND&d=PG01&s1=%22Insolar+Technologies%22&s2=Insolar&Query=%22Insolar+Technologies%22+AND+Insolar

Github commits to implement the coin burn
https://github.com/insolar/mainnet/commit/cb4b7f8ab0174eeb3bbfb087ac6055880b239986#diff-873b6e43ddbfcee8410a05b422d9c69b95e974ead21f422beb334f7d3ce92c5

Bloomberg Articles:
https://www.bloomberg.com/press-releases/2019-04-09/insolar-accepted-into-blockchain-in-transport-alliance

https://www.bloomberg.com/press-releases/2019-12-03/cointelegraph-consulting-launches-with-partners-insolar-and-vechain-to-expand-enterprise-blockchain-adoption

>> No.28918292
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>> No.28918321
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>> No.28918537
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28918537

PREVIOUS THREADS:
>>28820786
>>28792804
>>28871041
OG SCHIZO ANON WHO WAS IGNORED:
>>28481011

>> No.28918603
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>> No.28918687

Glad I can put this shit in my trezor.

>> No.28918768
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28918768

Fucking pajeets and diversity hires, ffs

>> No.28918973
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28918973

Wallet we've been watching: they need to get this one to 500 mil, we believe

https://explorer.insolar.io/members/insolar:1A24vUp1dJZH28_zEraRxrYBin8jVHVOWJxPU7gSwUe0

>> No.28919002

>>28918768
>all chinks
No thanks. Looks like a stereotypical scam team.

>> No.28919114

>>28918687
Actually no I can't thank god I just realized that.

>> No.28919138

Doing God's work, OP. Cozy schizo XNS thread with my tea

>> No.28919365
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28919365

>history of starting partnerships before they're announced

>> No.28919455

>>28919138
>>28917874
God's work indeed. Thank you for your dailies. Already bought but my confidence grows as I've watched stuff be uncovered over the past couple days
p.s., I'm white.

>> No.28919518

How are you guys storing this? are you using their wallet? I wanted to see if I could use my trezor but it is looking like I cannot.

>> No.28919524
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28919524

>>28919365
And then they drop this in November last year
>can't give you details because of NDA, though!
>NDA
>NDA
>NDA

>> No.28919583

What is stopping them from just scooping up the rest of the burn tokens? Why would they having difficulty doing this? Most the the initial investors dumped their bags after the swap, they must have scooped up quite a few and they've had nearly a year to do it. Could they already have all the tokens and are delaying for another reason?

>> No.28919598

>>28919518
Ya I'm using their wallet and I encrypted the key file...anons, just be absolutely sure you fucking know what you're doing if you encrypt the key file because if you fuck up you brick your wallet.

>> No.28919728

>>28919583
Because there is only like two exchanges left holding 100% of the liquid supply...if they just waltz in to Kucoin and dropped a market order for 100mil XNS it would nuke the order book. Now, we'll need some help from some anon who knows how Insolar would ideally go about obtaining the supply from the open market without spiking the price...but what I do know is is that it isn't as simple as just buying the 100mil coins off an exchange. Hence the suspicion that there is some sort of trading bot that's suppressing the price for them so that they can slowly accumulate the remaining 100mil XNS.

>> No.28919761

>>28919518
I'm using their web wallet, no issues.

>> No.28919764

>>28919598
This wallet is confusing as fuck I am not going to lie. Going to get a few test runs in before I actually send from an exchange.

>> No.28919866

>>28919764
I actually don't mind it now that I have the key file secured. But ya, always send tester transactions and login and out of the wallet multiple times to make sure everything is working first.

>> No.28919918

>>28919728
Won't our interest and buying throw a wrench in the works? I'm up to 150k tokens and planning to put in more. I'm sure quite a few more if us are scooping them up at these prices.

>> No.28920094

You guys think this coin prably will do a x100? I'm kinda getting a good feeling on this coin desu.

>> No.28920238

>>28917874
>>realize that they cannot provide clients with the services they request /w ERC-20 token (INS)
this is slightly misleading. it wasn't that they "realized it" but rather it was always part of their plan to move off of INS. I mean, just read their whitepaper, it does nothing but hint that ETC-20 is vastly insufficient for their project and that INS would just be used for the IPO pre-sale. The "investors" are the retarded ones for not even glancing at the whitepaper.

>> No.28920385

>>28919918
YES. In fact, we could cause an epic supply shock potentially if our buying progressively squeezes the algos ability to suppress the price (not confirmed that that's happening, but I have my suspicions).

>> No.28920455

>>28920094
Think about it...even if it goes to just $100 mil market cap, that's basically a 50x from right now. And $100 mil market cap is NOTHING in this market, esp. if Insolar is a legit project with real tech and real clients. Look at the founder's resume...fucking Goldman Sacks soldier.

>> No.28920500

>>28918768
>leadership
>all white men
incredibly bullish.

>> No.28920524

>>28920238
Fair enough, and I agree with:
>The "investors" are the retarded ones for not even glancing at the whitepaper.
It was in the best interest of EVERYONE, incl the ICO investors, to do that token swap...dilution doesn't matter if it leads to tech that allows you to scale your operations exponentially.

>> No.28920577

>>28920524
>.dilution doesn't matter if it leads to tech that allows you to scale your operations exponentially.
fucking this, I think the burn is retarded, but whatever it makes the reddit people happy.

>> No.28920581

>>28920500
The CEO looks like he's Spetsnaz, ffs

>> No.28920651

so what are we saying is a sui and make it here, assuming this project is still legit?

>> No.28920729

>>28920651
100,000, I'd say. You can buy a sui stack for $2000 bucks right now. If we go to a market cap of $100mil, your $2000 bucks is now $100k.

>> No.28920765

>>28920729
That’s some crazy numbers man

>> No.28920836

>>28920765
Yes, hugely favourable risk/reward ratio. Don't put more money in than your willing to lose though, anons. There is huge downside risk too: going to zero. Don't put your life savings in this, or even money that will make you lose sleep. DYOR too.

>> No.28921091

>>28919455
post skin with timestamp then

>> No.28921301

Anyone listen to the podcast posted in the last thread? Some interesting tidbits in there. This guy is legit and has some serious business pedigree.

>> No.28921351

>>28921301
link was broken for me

>> No.28922090

>>28917874
Can someone help me, started a Kucoin acct to grab a bag. Now that I have eth in Kucoin I can't figure out how to buy xns with it, will they only let me use usdt??

>> No.28922167

>>28922090
There's no XNS/ETH trading pair. You'll just need to sell your ETH for USDT and then use the USDT to buy the XNS.

>> No.28922447

>>28922167
I click the sell button and I get a Max. size: 0 ETH pop up?? It's below that...

>> No.28922520

>>28922447
PUT IT IN YOUR TRADING ACCOUNT.

>> No.28922555
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28922555

>>28922447
gl and god speed, anon

>> No.28922569

>>28922520
I found that haha, thanks m8

>> No.28922615

>>28922447
That always happens. Check your trading account assets. You should have your USDt. After you buy Insolar move it to your main account. It's more secure and you can withdraw from there.

>> No.28922757

I haven't slept for a couple days because of this Insolar shit. Called in sick today too. If we're on to something here, we're all going to be very well off.

>> No.28922795
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>>28922757
So I'm not alone in thinking this might unironically be happening...

>> No.28922826
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>> No.28923015
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28923015

> "Top 15 Ethereum Competitors"
> 16 coins
seems legit

>> No.28923070
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28923070

>>28922555
checked
Small beginnings m8 Thanks for your time on these threads, and the the gl

>> No.28923205

>>28922757
This, since finding out about insolar my life has turned to shambles, I stopped working, sleep schedule is fucked, chain smoking and stress eating.

>> No.28923212

>>28923070
deep v

>> No.28923305

>>28923205
Wtf kind of concerned defiant shilling is this? I might have to get a small bag for shits and gigs.

>> No.28923339

>>28923205
If this is all somehow a rugpull, it might be the best rugpull I've ever seen on biz. its certainly leagues ahead of mcdc, rubic and the gang.

>> No.28923513

>>28923205
Thing is, I bought into the ICO. Swapped my tokens and paid scant attention to it. Checked the price is in the last few months and I just wrote it off as a bad investment. I knew they had a crack team but I judged it solely on the price. Figured something bad must have happened and wasn't interested enough to look too deeply into it. Thanks to you spergs here i am loading up on it. Hope I have enough time to buy more. Fucking crazy times man.

>> No.28923659
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28923659

>>28923339
>tfw you realize that the "rug pull" was that the price was actually being suppressed, not pumped

>> No.28923843

>>28923513
This post essentially summarizes why XNS may be considerably undervalued... price doesn't always telegraph fundamentals, especially in an irrational, inefficient market like this one.

>> No.28924171

>>28923659
>the price was actually being suppressed, not pumped
Surprising amount of chatter surrounding this on ct that isn't necessarily reflected in the charts. If the effort anons are correct, this will blow up(ward).

>> No.28924309

>>28922757
Same here anon, I've been researching this shit like mad.
Fuck, I think we're all gonna make it.

>> No.28924374

>>28923843
I'm a fucking leaf. I don't much much left to keep me going. We're ruled over by the Prince of cuckery himself, endless waves of pajeets are washing up on our shores, covid is all I hear about on a daily basis and I would be at all surprised if this country instutied state enforced sodomy for all white men in the near future. I hope to god this is the real deal. All I want is a cabin in the woods somewhere and not to be exposed to 24/7 tranny propaganda. I don't think that's too much to hope for.

>> No.28924981

>>28922795
>>28922757
ya'll roped me in 2 threads ago when I was trying to convince myself it was a dead shitcoin. 19,500 tx/s is big if true and as a VETfag I like the tech compare/contrast they draw with it, ETH, and EOS here: https://insolar.io/uploads/Insolar%20Tech%20Paper.pdf

I know we're only speculating on the fuckery behind the scenes, but if their focus right now is on properly (and silently) integrating clients to the mainnet, then that's what I'm looking for.
Call it anti-crypto or centralized if you want, but imo the big push in the next few years for crypto projects will be actually getting companies to adopt their platform.
I know ETH has enterprise tools etc, but the privatized approach where you could just have the creators of the damn thing (i.e XNS, VET) directly onboard you and give you their assurances is far more efficient. Ease of access to blockchain tech is the key, and whoever can do it best wins long term.

>> No.28925633

>>28917874
You are the best, thanks for keeping up with those threads. I tried a few times but no one would believe me.

>> No.28926637

threw 1k in, lets see what happens. feels fun to gamble and I trust this because it sounds like XSN

>> No.28926740

Threw $50 in because I don't have money and I don't trust this board as far as I can throw my phone

>> No.28926781
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28926781

>>28926637
why not, threw down a few dollars. If schizo anon is right i'll eat my doubts

>> No.28926949

bought 600k, might get my stack up to 1 million, liking this...

>> No.28927145

>>28926781
are you in the bunker in telegram

>> No.28927473

Assuming (and that's a big assumption) that this goes up and up, would this be a coin we expect to hold for longer periods of time? Or is this just a "sell at the top and don't look back" type of scenario?

>> No.28928405
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28928405

>>28919518
poorfag here, Ive only got $50 worth so im just keeping it on kucoin exchange wallet

>> No.28929004

Clearly a pajeet scam look at the 90 day charts

>> No.28929343

>>28927473
I assume this will go up slow and steady until we either get news that they are back on track or the more unlikely scenario that they are ceasing operations or putting it on hold. The last outcome seems very unlikely but i guess youll never know. If it takes months before we hear anything at all im guessing the price will slowly deteriorate. This is just one of those hands you gotta see even though its 50-50 youll end up winning.

>> No.28930001

TG-mods have gone completly silent last two days, they still delete shit and are online all day but they answer fuckin nothing kek. Maybe they are surprised about the sudden moon.

>> No.28930967

>>28930001
what kind of posts do they delete? does anyone think they could be close to ceasing operations somehow, and maybe they don't want to affect the price / are radio silent so they can sell? lol

>> No.28931005

Alright I threw in $350. If I lose it I lose it. It’s all too odd to ignore.

>> No.28931194

Got a decent stack and am monitoring these threads. Schizos are doing God work.

>> No.28931337
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28931337

Pic related was posting in the TG, and is apparently from two days ago. I can’t confirm because I don’t know what social media it is from

>> No.28931788

>>28930967
They delete information that will make the price go up, like patent pending yesterday, external links, trolling or offensive shit and extreme fudding.

>> No.28931906

Im no TA-fag but short term it looks like we either gonna go sharp up or sharp down. Chart is tightening like what usualy happen when we see a break out either way

>> No.28932159
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28932159

>>28931337
it's real, from their Facebook page

>> No.28932257
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28932257

>>28932159
>>28931337
and also pic related. both posted under the announcement Dec 18 "Process to swap INS stuck on Binance and Bitbumb initiated. Read more: https://medium.com/insolar/binance-and-bithumb-xns-swap-process-kicks-off-a7bf8038af7a"

>> No.28932609
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28932609

>>28932257
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.28932617

>>28931337
Its Facebook and its real ive double checked. This is the usual modus operandi last month and a half, vague as fuck. As i mentioned in earlier threads, go back and search on mods name in Telegram, they were way more liberal with information pre new year and especially last week and a half. Its like they dont wanna rock the boat at all, and are scared of pushing price either up or down. They could moon this fucker so easily it hurts but its like the TG-mods are two fuckin autist who have gotten brainwashed in to ONLY discuss swap(without EVER mentioning a timetable ofc), circulating supply and repeat the sentence "wat for announcement"

>> No.28932747

>>28932617
Some things are worth waiting for though. It’s good to see they at least still post stuff

>> No.28933140

My portfolio is 1.5k, I'll ape 50 bucks for the memes

>> No.28933262

thanks unironically bought 100k

>> No.28933670
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28933670

Complete poorfag here in school less than 10k to my name just put another $300 into this. Making another $150 in BAND is not worth the chance that this thing comes out of hiding and pops.

This is how I've broken it down in my head:
1: Team makes the big announcement and starts to push the project; this feels likely considering everything we've seen in these schizo threads, lol some of y'all need to chill and go to bed. This should easily be a 25x, likely more as people try to catch it under 100k cap.
Then as a couple of you have pointed out comes the big question: do we dump our bags here or hold and hope for even greater gains as the project gets more adoption and publicity? This, unfortunately we can't answer yet; it really comes down to the quality of the tech and if they are adding partners. And while it sure would be nice to pocket 10k or 20k, if I sold and the devs pull this off and get into the billions of market cap (600x and beyond) I don't think I could ever live down the regret.

>>28933262
YAGMI

>> No.28934046

for the sake of playing devils advocate still (because I think that's a healthy idea), pic related is probably the best fud so far. someone from the team saying they don't even use ledger technology, although they say for the "CURRENT" product. also, see this pasted comment semi-related to pic, not sure how I feel:
"I'm starting to lean towards the Insolar team migrating tech over to Soveren and removing the XNS token part of it, or insolar project was dropped for unknown reasons. Something is going on and it's not necessarily good. No serious company abruptly drops monthly updates for 5 months like this."
thoughts? are we delusional?

>> No.28934085
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28934085

>>28934046
forgot pic related

>> No.28934767

>>28934046
Good catch, where did you get it from? Do you have a date? Lets take this to its logical conclusion. As i see it the best fud is not the "Soveren currently doesnt use Insolar" its the "what if they move tech to Soveren", what does that do with XNS and the Insolar blockchain? Can anyone elaborate on this as i feel it is the best fud of all and i dont understand why they want to move, what they gain and what that will do to XNS. Ive concluded that ceasing operations are damning for them as individuals and i dont think they will do it if they dont have a really good reason, they havent implied they are doing it either, contrary. And i feel like if they want to let it go they maybe shouldve done it earlier instead, i dont know but this needs to be broken down logically. There is also a difference in moving the operations to Soveren and Soveren "stealing" the tech and ending the XNS coin. The former im ok with the latter is what i fear.

>> No.28934824
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28934824

>Are we delusional?
Yes, of course we are. This project is all but dead with no public git updates for 4 months and little word from any of the devs not to mention the ICO buyers felt they got scammed.
That being said 3 patents filed by insolar THIS YEAR all regarding distributed ledgers are more than enough proof that they still have plans for this thing.

As for the email, if anything it only confirms that insolar is going to play a role. He says first that their vision for data privacy is still ledger technology and secondly doesn't rule out Insolar, saying "our CURRENT product however, doesn't make use of ledger technology."

>> No.28935069

>>28917874
>down 99.9%
>clear evidence of price manipulation
>good use case
>alt season
I’ve never been so bullish on something in my life

>> No.28935408

>>28920500
based and racepilled

>> No.28935500

>>28922757
I’m so bullish on this it’s not even funny, this is like bank paying you money + interest to rob them

>> No.28935564

>>28934824
I agree with the sentiment but i wanna correct you on github. They started updating mainnet(nerds claim its for burn) and observer(nerds claim its for exchange) last week and they have been doing lots of work in private which the admins in a moment of uncharacteristic lapse of judgement confirmed was in fact work on the Insolar blockchain.

>> No.28935727

>>28933670
throw at least 1k into this ffs, this is once in a lifetime kind of shit anon, literally a guaranteed x1000 in a month or two

(p.s. 1k makes you a millionaire)

>> No.28936024

>>28935564
do you have a source to that lack of judgment reference?

>> No.28936160

>>28934767
I got it from their reddit page, apparently someone's been emailing them directly. and yeah if they abandon it completely for a new thing on soveren, that would be best fud but I honestly don't see them doing that if they're applying for patents literally this month and are doing token burns, github commits etc. anyone else have thoughts on this?

>> No.28936348

>>28935069
XRP schizo here, it's a shame that some of you are just one step away from XSG
nobody in any of these threads has pointed out the Hyderledger Fabric and R3 Corda connection...
got my 100k bag and mega comfy

>> No.28936791

>>28936348
what are those connections?

>> No.28936795

>>28936024
Yeah i do but i literally have to go through Stan and Svavyulshenskos telegram posts and i dont know when i have the time or the stomach to look at a thousand more "announcement coming". I will keep you posted.

>> No.28936957

>>28936795
in the meantime, what roughly was said by them, and in response to what? and this was last week?

>> No.28936996

>>28917874
>OP from 10 February
Fuck those numbers are out of date, 4 of those projects rugged already

>> No.28937095

>>28926740
Ngmi

>> No.28937245

>>28936957
Do you have Telegram? Search in insolar group on specific members, choose Stan Insolar and search for keyword "private" you will get lots of discussions concerning github and private repositories. Look at discussion in december last year for example.

>> No.28937371

Thanks OP sold my stagnant shitcoins and bought

seriously, good job

>> No.28937451

>>28935727
Up to near $800.

>> No.28938126

>>28936348
>implying I’m not long on xrp either
ai’m just waiting for them to dump again so it returns to it’s usual $0.20 stable coin again and hooding in indefinitely

>> No.28938163

>>28937451
How does it feel to bog the bog?

>> No.28938346

>>28918768
Every one of those people are white, maybe learn what words mean before you use them, retard.

>> No.28938544

so where would they get the money to market buy the literal hundreds of millions worth of coins?

>> No.28938758

>>28937245
"Most commits are being made in private repositories now."
One weird one I saw was "No surprises. If we have news we post them."
Still sorting through them. Can't really say its bullish or bearish.

>>28938163
What? If you are saying I should put in more I'm just being smart about it. I want to actually bring home profits this bullrun and locking up $800 into a moon raffle doesn't achieve that. Also once you start to talk $400k-700k you just have to wisely invest and that can turn into $1M.

>> No.28938880

LOOOOOL. They closed. Got out at 0.0153

>> No.28938954

wtf was that dump lol

>> No.28939035

it's over boys
check telegram

>> No.28939045

>>28938954
They Shut the project

>> No.28939067
File: 80 KB, 496x929, Insolar Order Book.png [View same] [iqdb] [saucenao] [google]
28939067

NEWs, it's over. They are closing up.
https://medium.com/insolar/insolar-is-closing-but-there-is-a-new-opportunity-for-insolars-community-344ca4c14027

>> No.28939145

bought 1k 2 min before the dump lmao

>> No.28939332

I was watching the order book just as the news was announced. Got out but lost a little over 50% of my money. Oh well, wild ride guys and worth a shot. Guess I have to drag my ass off to work again today.

>> No.28939375

wow fucking awful timing. do we burn and migrate to that augmented finance agf?

>> No.28939424
File: 1.99 MB, 395x313, 1545343891025.gif [View same] [iqdb] [saucenao] [google]
28939424

>> No.28939432
File: 7 KB, 250x250, 1613527792238.jpg [View same] [iqdb] [saucenao] [google]
28939432

>>28939145
FUUUUUCK. Turned of my computer. Went to my phone to refresh this thread. Saw the news. Was a little slow sorting through kukoin. Lost $600 of my $800.
Props to everyone in on this, impressive shill campaign. Sometimes you have to learn the hard way. Sorry to everyone that is going to wake up to 0.0000001 in their kukoin account.

>> No.28939441

well biz was right, this was a 100x or 0 coin, didn't take long to know which one was.

>> No.28939546

still don't understand this in the context of the schizo stuff but whatever

>> No.28939578

LOL IT JUST WENT TO 0

>> No.28939600
File: 312 KB, 439x455, 1612280213792.png [View same] [iqdb] [saucenao] [google]
28939600

It's so fucking funny slowly reading this thread and considering dropping a couple grand on it and then you reach the last posts and it's fucking dead.

>> No.28939613

>>28939546
project is done, shut down on Feb 28
it was either 0x or 1000x
>it's actually a double fake

>> No.28939638
File: 16 KB, 565x529, bizbtfo.png [View same] [iqdb] [saucenao] [google]
28939638

>>28939600

>> No.28939720

>>28918768
>all white men
Well it might be legi-
>eastern european names
obvious scam

>> No.28939723

HOLY FUCK, just went to lunch and when back i sold, couldve 4x but lost 20% instead.

>> No.28939764

>tfw no $AGF

>> No.28939811
File: 18 KB, 225x224, images (1).jpg [View same] [iqdb] [saucenao] [google]
28939811

>>28939638
Thank you to the poor chap's buy order I filled 75% of the way down that candle lmfao. I also should have set a sell order, just didn't think it would get pulled within 24 hours of me buying the damn thing.

>> No.28939986

Anyone migrating XNS kek?

>> No.28940036

>>28939986
We don't know the conversion rate to the new project, so at this point I would not risk it

They could say its gonna be 1:100 then even if you bought for 1 sat its gonna be worthless

>> No.28940121
File: 46 KB, 938x635, 1613316154434.jpg [View same] [iqdb] [saucenao] [google]
28940121

I nearly bought this yesterday

>> No.28940126

so in retrospect, what do you guys think were all those github commits and patents involving blockchain?

>> No.28940185

We can all take solace in the fact that in another timeline, we're all rich as fuck. At least we have a good story to tell around the campfire.

>> No.28940221

imagine all those poor bastards having them not on exchange but in wallet

>> No.28940225

>>28939811
the poor smucks are going to learn a tough lesson when they see their buy orders were filled

>> No.28940237

>>28938544
lol so no one actually questioned where they would even have the money to buy them, lmao you deserved to lose your money

>> No.28940259

everyone's taking this in good stride, not common to see. 750 USD down the drain for me. Enjoy it whoever made it out in time, use it well.

>> No.28940341

LMAO the USDT pair just got removed, get ready to be rugged

>> No.28940389

HHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAHHHAAHHAH

>> No.28940473
File: 112 KB, 1125x1563, 25036FBE-BF23-4F05-ABF5-AD3CA064AF90.jpg [View same] [iqdb] [saucenao] [google]
28940473

>> No.28940502
File: 97 KB, 500x502, 1612928853828.png [View same] [iqdb] [saucenao] [google]
28940502

>>28940259
The signs were there but we fell for the paid shills. How upset I am is going to be determined by how the rest of my poortfolio does. If I only come out of this month with $500 when I should be up $1500 if not for this scam I will probably be pretty angry, mostly at myself, but if it performs really well I can fully live with it.

>> No.28940522

This just became one of the funniest threads ever

>> No.28940526

>>28940237
They didnt need to market buy them

>> No.28940527

and so /biz/ scams itself out of of tens of thousands of dollars again

>> No.28940637
File: 760 KB, 700x700, 8be.png [View same] [iqdb] [saucenao] [google]
28940637

>>28940527
Can we check in on the anons that threw damn near their life savings into this assuming they all weren' paid shills to get dumped on?

>> No.28940657

> Throughout all spheres of business, a company which was able to raise initial capital but was not able to get adoption quickly is set to struggle. This is highlighted by the fact that 90% of startups fail. Unfortunately, this is the case with Insolar.
> The project will close due to both the external market conditions and mistakes made along the way:
> 1. The most important factor is that the enterprise blockchain market adoption is lagging behind the expectations of 2017-2018; even behemoth IBM has all but closed Hyperledger Fabric
> 2. Covid-19 slashed innovation budgets, meaning no new DLT projects or continuation of existing ones in enterprises including all Insolar’s ongoing projects
> 3. It took too long to bring the technology to such a complex market, with development of and implementation of this technology to take another 5 years
> 4. Insolar’s XNS didn’t get meaningful adoption and the XNS swap mechanism was a mistake

>> No.28940677

>>28940522
checked and wrecked

>> No.28940682
File: 132 KB, 1280x902, signal-2021-02-17-124521.jpg [View same] [iqdb] [saucenao] [google]
28940682

>the github commits were them adding the burn functionality to the website

>> No.28940683

This team is the greatest shiller Ill give them that. They exited hard. First sold their bags to us and then made the announcement KEK

>> No.28940687

lol i set a sell order for half my dao stack to fomo into this. ate lunch and then i come back to this shitshow. close call

>> No.28940695

> The company wasn't able to raise money from VCs due to the lack of adoption and is closing
> While Insolar is closing, we are determined that Insolar’s great community can emerge from this situation even stronger. Recently, we were approached by Augmented Finance (https://augmented.finance/)), an autonomous and non-custodial liquidity DeFi protocol. Augmented Finance is building its community through a burn mechanism. Augmented Finance is offering this to dozens of blockchain projects like Insolar, which lack adoption but have large communities. Our team found their protocol idea and community building proposal promising. We accepted their proposal which provides a new opportunity to Insolar’s community despite the closure of Insolar.
> In order to preserve the value of your XNS coins, you can either sell them on exchanges (Kucoin, Bitmax, or HitBTC) or burn them and migrate their value to Augmented Finance.

>> No.28940698

There will be a lot of projects that will suffer the same issues. Similar problems with Storiqa - there was a working product but vendors didn't trust crypto, and investors just held on to the coin for speculative purposes refusing to actually use it.
I have a feeling he ran in to the same issue when it was about groceries back when it started.

>> No.28940701

Kek another rugpull

>> No.28940713

>>28940637
I lost €50 all in all so no worries

>> No.28940765
File: 55 KB, 960x768, 1873EB06-F2B5-4E7A-A755-C931CC43F65A.jpg [View same] [iqdb] [saucenao] [google]
28940765

>>28940473
Hahahaha absolutely Bogged, never change Biz

>> No.28940773

>>28940682
Holy hell what a 180

>> No.28940796
File: 168 KB, 605x908, korean shirt.jpg [View same] [iqdb] [saucenao] [google]
28940796

I market sold immediately but stupidly forgot to transfer my balance from my main account. Cost me a few seconds. Wild ride! Don't worry guys, we're going to make it one day. Stay focused and don't let this get you down.

>> No.28940799

Now this is how you shill you stupid fucking mcdoids (mcdc). Learn from your betters. Easy bag offload lmao.

>> No.28940808

I was literally waiting for KYC to clear on the kucoin btc middleman when they released the info that the project is dead. thank fuck!!

>> No.28940823

>>28917874
oh no no no

>> No.28940849

> In order to preserve the value of your XNS coins, you can either sell them on exchanges (Kucoin, Bitmax, or HitBTC) or burn them and migrate their value to Augmented Finance.
> In order to burn and migrate the value of your XNS to Augmented Finance’s AGF tokens, you need to:

> 1) Find out what your Metamask Ethereum address is (create an account if necessary),
> 2) Login to your Insolar Wallet, click Burn, paste your Metamask Ethereum address there (it will be required to claim your Augmented Finance’s AGF tokens in future)
> 3) Wait for the snapshot of XNS balances and respective Ethereum addresses to take place on February 28, 2021
> 4) Subscribe to Augmented Finance’s Medium, Twitter, Discord, or Telegram for updates
> 5) Wait for the details and launch date of Augmented Finance’s AGF token from their team
> 6) Access Augmented Finance’s website and claim your Augmented Finance’s AGF tokens with your Metamask

>> No.28940854

>>28940799
Fucking epic.

>> No.28940881

>>28917874
if the mcap is so low and they rely on their native chain, then who the fuck's to say that anyone could just waltz in and override the entire chain?

how does their chain work? PoW or stake or what?

>> No.28940896

If you got balls you can swing this at the bottom while old buy orders are filled

>> No.28941043
File: 8 KB, 240x227, F2B8FABD-0858-4879-BB48-7FC6CA1C0B17.jpg [View same] [iqdb] [saucenao] [google]
28941043

buy the dip guys we’re mooning soon

>> No.28941091
File: 735 KB, 1080x2340, Screenshot_2021-02-17-12-54-07-182_org.telegram.messenger.jpg [View same] [iqdb] [saucenao] [google]
28941091

Great opportunity! Real sleeper coin. No one would think to invest at this moment.

>> No.28941107
File: 43 KB, 512x634, 1.png [View same] [iqdb] [saucenao] [google]
28941107

>>28917874
IM FINANCIALLY RUINED

>> No.28941237

i put fucking 90k into this project, this was all my life savings, I'm 30 years old and have nothing again to my name
think I might unironically sudoku tonight

>> No.28941319

>>28939145
>>28941107
>he bought?

>> No.28941326
File: 2.47 MB, 1282x958, file.png [View same] [iqdb] [saucenao] [google]
28941326

Get this, biz cracks the code and blows up their plan to suppress the price. Faced with the blazing lamplights of an enlightened army of biztards, the project realises their ploy of scooping up cheap coins for the burn is fucked.
So what do they do then? The only thing they can.
Pretend the project is actually dead, scooping up cheapies at an incredible rate. Once the 500m burn wallet is complete then BANG: "oh guize, we got funding ackshually... heh..."
DON'T LET THEM GET AWAY WITH IT BIZ!!!

BUY THE DIP!!!

>> No.28941333

>>28941237
Tricking myself into thinking that people like you exist is actually what keeps me from killing myself, thanks anon.

>> No.28941379

Unironically feel sorry for everyone who put their money into this scam. That why always DYOR and don't gamble away big chunks of money on shady shit like XNS.

>> No.28941398
File: 72 KB, 748x748, IMG_20210125_182912.jpg [View same] [iqdb] [saucenao] [google]
28941398

>>28941237
Please tell me you are joking, anon?

>> No.28941604

>>28941326
I just 100x my stack LOL

>> No.28941948

>>28941326
NO WE ARE FUCKIN TALKING

>> No.28942040

>>28941326
OMG you are right... BUY BUY BUY!!!!!!

>> No.28942255

damn I was at least hoping for a fun ride, bought 2k yesterday lol

>> No.28942307

I'm not even mad that I put money into this, I'm mad that I woke up so fucking late that I missed the news... It's 1pm fuckkkkk

>> No.28942576

Can someone explain the legitimate patents and change of name from insolar to severen was then? These guys have patents under their name that we can see online

>> No.28942643

At this point should I just wait for AGF or sell for pennies?

>> No.28942708

I thought I was okay but I want to kill the original op with every fibre of my body right now

>> No.28942822

Would someone still explain why they are buying their own tokens with 100's of thousands If xns is dead?

>> No.28942837

>>28942708
You knew what you got into, only one to blame here is yourself. Live and learn.

>> No.28942894

>>28942822
could be bots at work that have no been disabled yet

>> No.28943149

lol XNS died today you know that right

>> No.28943365

I only threw $50 into this on a whim but I still feel silly. I should have trusted feeling it was all a bit too good to be true

>> No.28943563

lmao i just put 200 dollars in at least

>> No.28943580

You can map all together with insolar team,just takes some time,i checked.

They were just dumping on investors all the time before exit scam,and now they will just erase this history,make your copies and spread the word. Final move they did in the morning before dump. You can check times,they are almost identical,and there is pure pattern of some scripts. With spoofing and all shit.

+136m - 136minsolar:1AAEAAS2JLnvh2bkLUUlUijqcp7--k8_GIz9qLKxZXLE

Insolar enterprise,which transferred at the beggining of feb,and sold all this to holders before dump.


"Burn"
insolar:1A24vUp1dJZH28_zEraRxrYBin8jVHVOWJxPU7gSwUe0

7mil possibly binance or bithumb?insolar:1A6nu1DSEpt0tsovhYodOuFWCwtXVXxXilJXD3boVQLw

Hitbtc - insolar:1AlRsJLQUv6LWk9yY5Z-yho-wYK2b6KSA4oQyTLibOmE

washmachine 1insolar:1A6mgbuv80UNijHZzh04Udrmlaf49EFZTmM8g-Nq1PqI

washmachine 2
insolar:1A9qEmuneyK9Mdr-EkOraC310_bnAcPtY8BAW04D6tUI

washmachine 3
insolar:1A7hVlmlVATII35ogbypYcLG3WJwcSWMrO0xJmusTiDI


washmachine 4
insolar:1A1eqXpY_MM2_wpWzIguu73HwsFYpvFe0GWVCf-QZrkg


Crazy wallet after transactions from which to kucoin, from kucoin coins were transferred to "burn" wallet.insolar:1A1epKOAzi8pCiCursrn9i_Hz7ez60ZTG-aMj7EpTbCA

+95 mil,from insolar.
insolar:1AhEabuYHAqRUDKQm2kazmddWSsHIE7Gi6iEzpHfkBWY

washer 1000253 balanceinsolar:1Ag_atDy2nd6TzM2yhfU6ABYNIn_tHjzRRZ4_p-s7q88

7mil 17/02insolar:1AjogTqlSAwWEil6718BT7vWFnBKWTtoiumH-rsz28S4

1.6mil transferred to kucoin before scaminsolar:1A6nvEJtNUIz5sJymHzinbgWGy25FSxG6yDiFlu-NeAg

after scamexit collecting coins to have value after augmented shitinsolar:1A1epqiz9XKJOxnW3O1CEAFV6rS_VXytV14R-TtkYKeU

>> No.28943682

>>28941237
post wallet, I might throw half an eth for alms

>> No.28943725

>>28942894
So would you keep your bots spending hundreds of thousands on a worthless shit you know about?

>> No.28943839

>>28943682
make him prove he lost anything in the first place bro

>> No.28943910
File: 1.13 MB, 300x336, ec5.gif [View same] [iqdb] [saucenao] [google]
28943910

> yo this guy is fucking crazy
> okay, crazy person, here's so money
well, i got what i paid for

>> No.28944012

>>28943682
Im on phone now, check my posts on this thread, but may you be blessed for the thought

>> No.28944083
File: 191 KB, 719x720, 1583460268241.jpg [View same] [iqdb] [saucenao] [google]
28944083

You guys laughed at me for my 1% stop loss, only lost $100
Who's laughing now?

>> No.28944141

>>28944083

You're still retarded, anon

>> No.28944191

>>28944083
based

>> No.28944259

>>28944083
Asuka is STINK!

>> No.28944303

>>28942643
who knows how much AGF will be worth

>> No.28944572

>>28944303
>>28942643
Who knows how much XNS will be worth at the time you could exchange for AGF

They could set the ratio at 100:1 just like they did before and it would still be completely worthless unless you got 100000000000000 XNS

>> No.28944633

>>28944083
lmfao boomer

>> No.28944716

>>28942643
AGF swap you only get dollar value of your tokens so you may as well cash out now and rebuy if you think you're not going to get scammed again

>> No.28944890

>>28944083
Honestly, based. I should have done it too

>> No.28945073

kek wtf

>> No.28945357
File: 220 KB, 1280x720, BFC31FF6-89AB-4843-AB8F-B628D2AF55F6.jpg [View same] [iqdb] [saucenao] [google]
28945357

>> No.28945383

Put my last 75 dollars in this project. No more food till this Friday lol.

>> No.28945447

>>28943580
Everyone post this in insolar TG youll get instabanned in 1 sec

>> No.28945457

>>28944083
>1% stop loss and lost $100
So you invested 10k in this schizo shit?

>> No.28945840
File: 642 KB, 666x677, 8de06f98c3f46d1c3122644c2fae54b3.png [View same] [iqdb] [saucenao] [google]
28945840

honestly probably the greatest rugpull ive ever seen
really hope somebody is documenting, archiving, screencapping all of this in its full glory

>> No.28945955
File: 23 KB, 653x566, 1612394619108.png [View same] [iqdb] [saucenao] [google]
28945955

I put 1k$ in this, kek. Financially assblasted

>> No.28946037

>>28945457
Yes, but I only risked $100 (actually lost $442 because of how fast it dropped, but shhh)

>> No.28946040
File: 395 KB, 1077x1320, 6F563745-0E84-453D-8727-58DA94CB55F5.jpg [View same] [iqdb] [saucenao] [google]
28946040

>>28938346
>white

>> No.28946143

So this...is the power of crypo investment.

>> No.28946144

>>28939720
what does this mean for Rubic O_O

>> No.28946239

>>28918768
Does anyone else hate any single one of those faces?
i dont know why

>> No.28946650
File: 389 KB, 1061x1075, Screenshot_20210211-102025_Gallery.jpg [View same] [iqdb] [saucenao] [google]
28946650

LMAO
Just woke up, thought I would eventually get fucked, but didn't think it would be so quick. I only put $200 in but damn. Ah at least the sun's out today

>> No.28946805

so is the time to buy in now?

>> No.28947079

I put 400 eurobucks in, went to bed with dreams of what I would do with my 400,000. Now I`m just extremely happy I got back 70ish. It's like a Xmas present, here's 70 you didn`t expect anon. Pride goeth before a fall, and I cannot describe how clever I thought I was for finding this and "investing".

>> No.28947375

I hope you retards didnt fucking buy, insolar its closing.
https://twitter.com/insolario?lang=es

>> No.28947400
File: 60 KB, 791x345, sdfg.jpg [View same] [iqdb] [saucenao] [google]
28947400

Legendary thread. Thanks /biz/

>> No.28947628

Hah. Hahahahah. Hahahahahahaha
I did it. I managed to donate to a rug

>> No.28948081
File: 1.10 MB, 300x150, close.gif [View same] [iqdb] [saucenao] [google]
28948081

Jesus Christ I was only gonna put in a few hundred but my funds didn't come through on KuCoin in time.

>mfw

>> No.28948456

>>28945447
Link?

>> No.28948538

Lost some money but had a good time and met some great friends along the way, and that's what it's really all about.

>> No.28948714

I never invested in this thank fuck.
Just gut intuition on this, but were these threads pumped by Insolar team themselves so they could rug pull on us?

>> No.28948768
File: 1.81 MB, 1200x1505, 1612971562520.png [View same] [iqdb] [saucenao] [google]
28948768

someone screencap all this

I'd like to at least have lost 150usd to a good meme

>> No.28948806

>>28945447
>Everyone post this in insolar TG youll get instabanned in 1 sec

Can confirm, 5 seconds it took to be banned after posting that.

>> No.28949197

>>28948806
Post link pls

>> No.28949547

>>28917874
>TL;DR -- $2.5mil mk cap XNS MAY BE RADICALLY UNDERVALUED

oopsi

>> No.28950031

>>28945840
This is the best rugpull I have ever seen. I simply cannot fathom that the team knew about/coordinated it like this, it's simply too good. It is, essentially, an inexplicable act from God, like flooding a small village and killing everyone in it. We have been sacrificed to the void.

>> No.28950290

lol okay how much did everyone lose?

that should teach you to be a little more careful with shill threads

>> No.28950512

>>28950290
Lost about 1k. No regrets. I knew it was a gamble and only put in what I was willing to part with. I had hope, but no expectations.

>> No.28950987

>wake up this morning
>did I really gamble $350 like that? Time to check on my XNS

God fucking damn I’m a retard. Got $50 back I guess. Some fucking Slavic scumbag is going to be buying a BMW with my money. I also learned I hate KuCoin’s mobile UI

>> No.28951103

>>28950290
I really unironically hope that everyone followed the schizoanon's advice and put in like 2k at max, but I'm sure some poor fucking autist saw XNS as his trip to the moon and didn't

>> No.28951119
File: 319 KB, 1080x1920, Screenshot_2021-02-17-14-55-01-829_com.android.chrome.jpg [View same] [iqdb] [saucenao] [google]
28951119

>>28949197
>Post link pls

Pic related

>> No.28951190
File: 7 KB, 256x256, bsytjfmlhl9ikozicqbo.jpg [View same] [iqdb] [saucenao] [google]
28951190

Fedchenkov here. I shilled and you lost. Pied piper boys. That's how we roll over at Goldman Sachs.

>> No.28952583

>>28950290
2k

>> No.28952823

>>28950290
200€ lmao
the way it all happened was entertaining though so I'm not even mad. I can make this back easily

>> No.28952825

Should I buy the dip?

>> No.28952890

>>28952825
yes sirs

>> No.28953369
File: 70 KB, 1024x903, kek.jpg [View same] [iqdb] [saucenao] [google]
28953369

Kek, put in $100 in case it somehow moons one day, who cares?