/biz/ - Business & Finance

[Anonymous No.13224851]

Many of you might be wondering why this shit dumped.
I'll tell you.
Yesterday there was a massive legitimate FUD wave in their Telegram.
Apparently the team is dumping a MASSIVE amount of tokens on exchange in order to "follow muh whitepaper and increase circulating supply so there is more liquidity for new people to join the project". They also had a poll in their Telegram for whether or not they should hold a buy back (these don't work in such a volatile market by the way, not to the investors advantage either way).

The admin is a literal moron drone repeating the same dribble the whole time.

This project literally has nothing ready nor prepared besides a mockup of what is to come. There is no pinned message in the chat (very pajeet), CEO has not yet made a statement after the wildness in Telegram.

Also the FUD campaign that was launched against their competitor, NEXT, was instigated by XBASE, this has been confirmed by Nenad.

There are no bank cards coming, there is no platform coming, the token has no utility, except reduced fees, kek, this will turn into a dumpster fire.

[Anonymous No.13224881]

I think it was around 30,000,000 that they dumped.

[Anonymous No.13224903]

> no communication about selling tokens
> increasing over 50% of their supply screwing over investors
> market selling creating a dumped chart
> basically stealing investments from unknowing people
> making no statement at all leaving people hopeless

This is fkn shame. How did /biz/ get so low shilling crap like this. Glad I got my money out there

[Anonymous No.13224929]

>>13224903
This is exactly what happened.

[Anonymous No.13224978]

>>13224851
>>Also the FUD campaign that was launched against their competitor, NEXT, was instigated by XBASE, this has been confirmed by Nenad.

No. But i agree with anything else.

[Anonymous No.13225000]

>>13224903
It's a damn shame they had to drag NEXT into this shitshow as well.

[Anonymous No.13225009]

>>13224851
Got a screenshot of the admin admitting the FUD campaign?

[Anonymous No.13225028]

>>13224903

Where did they increase the circulating supply 50%? Thats just straight up lies. These werent vested tokens they sold, the team was entitled to sell them..All fuckin teams sells tokens. Its likely they used the sold tokens to pay for an exchange listing. The platform is still on track for the end of the month also. Anyone selling here is gonna look pretty fuckin stupid at the end of the month

[Anonymous No.13225040]

>>13225009
Eh, it was just along the lines of "we used marketing on trading competitions, 4chan, and reddit but real marketing starts later" put two and two together.

[Anonymous No.13225055]

>>13225028
Sorry, but you are coping. It may not have been 50%, but it was A SIGNIFICANT AMOUNT. Just read their Telegram, it has been exploding for the last 24 hours. The platform isn't on track to be released, thats just what Nenad is telling you, but hes using a pre-written script.

[Anonymous No.13225065]

>>13225028
It's still up more than x4 from pre-pump levels. OP missed the boat and he's trying desperately to get the price down before the next wave - which is why there is always at least one active thread FUDing XBASE at any given time recently.

[Anonymous No.13225077]

>>13225040
this makes sense. Dumping this and buying vidt + next to become a true nederchad like my mommy wanted me to be

[Anonymous No.13225087]

The funniest part is on the same day XBASE was literally FUDing NEXT and scamming their customers, the NEXT CEO was in a government parliament building attending discussions on how to prevent their users being impacted by scams.

[Anonymous No.13225096]

>>13225055

No, I was in the telegram when this happened. The team sold from 55k to 45k. Then these fuckin idiots in the telegram over reacted and dumped the token price down to like 25k. The idiots in the telegram wrecked the price not the team. Then they all turn around and accuse the team of dumping when it was them who were dumping. Whole thing is stupid as fuck man, I've never seen a bigger bunch of retards than in that telegram. The team said that everything is still going ahead for the end of April and they have some news to release this week. Lets see whats what at the end of the month

[Anonymous No.13225104]

>>13225065
I have no interest in XBASE.
The only thing going for this exchange is the UI thats looking ok, but somewhat similar to Kucoin. The token doesn't provide a lot of utility. The exchange is centralized as hell. Just go look at their Telegram brainlet

[Anonymous No.13225121]

>>13225096
https://etherscan.io/token/0x49a1cbb5d28cdedd55b7daa627f658fbd8cf1d23?a=0x455166b76b64b7028d052696fc859ae4b2714d61 55k? Clean your eyes normie. You think their chat wold have turned into a shitfest over 45-55k?

[Anonymous No.13225146]

>>13225040
Alright, thanks, I’m glad I chose to go with NEXT instead of XBASE when buying, all of this is such a shame

[Anonymous No.13225152]

Unreal.

[Anonymous No.13225182]

>>13225121

No you idiot I'm saying they dumped the price from 55k gwei to 45k gwei, not 45 - 55k tokens. ALL teams sells tokens, these fuckin retards in the telegram are complaining about the team selling 9 million tokens out of a 1 billion supply

[Anonymous No.13225194]

>>13225028

Tokens which never moved before were taken to exchanges, you tell me man

And lol good luck holding bags which are being dumped on by the team

The blockchain doesn't even have any use for their centralized platform, think about it

Creating a token because they can, to then sell on open market

Don't be blinded sweetheart

[Anonymous No.13225199]

Circulating supply is 1bn not 591m, proof is on etherscan, the 400m wallet is NOT locked, team used it to dump 100m tokens so far, 300m left.
Fucking scammers.

[Anonymous No.13225204]

>>13225182
Again. Cope. They raised what, 7,5 million during their ICO, which was less than half a year ago? Not including private investments and pre-sale. They need to sell tokens right now because....?

[Anonymous No.13225241]

Recap:
-Circulating supply is wrong

-Market cap is false

-Team is dumping tokens

-Last months official communication only promoted their shit tokens.

-No news regarding the exchange after half a year.

Looks like an exit scam to me, good luck friens

[Anonymous No.13225249]

What is this fud clown fiesta itt?

They would sell tokens at some point. Is it not better if they sold now while the price is rather low?

[Anonymous No.13225283]

>>13225249
You can always tell when the devs come to biz to defend their scam

[Anonymous No.13225315]

>>13225249

[Anonymous No.13225342]

>>13225283
You can always tell a coordinated fud to drive the price down.

[Anonymous No.13225354]

>>13225342
You can always tell when you see extreme cope.

[Anonymous No.13225381]

>>13225204

All teams sell tokens retard. They have a set amount set aside to use for marketing, exchanges etc. There's nothing illegal about this. Again, the investors dumped this project NOT the team

>>13225241

The exchange will be live at the end of April

[Anonymous No.13225386]

>>13225241
Anyone who trusted this fat fucking face is an idiot and deserves to be poor.

[Anonymous No.13225402]

>>13225342
kek

[Anonymous No.13225411]

I'm not defending the team, it was irresponsible to dump the tokens here but its likely the proceeds are gonna be used to pay for either an exchange or marketing

[Anonymous No.13225413]

>>13225315
>>13225354
>10 posts itt
>Talks about coping, but himself copes as hard as he can
>"I have no interest in XBASE." and then posts telegram screenshots and links to explorers

Get a life, fag

[Anonymous No.13225430]

>>13225381
You are aware that marketing can be paid for in tokens if there is ample demand for them in the market instead of dumping them?

Pay for exchanges huh, thats interesting, arent they opening an exchange themselves, and currently trading on 1...2..3.. 6 exchanges?

Again, this is called cope.

[Anonymous No.13225520]

>>13225430

Its only on shit exchanges at the moment who the fuck uses Cointiger?
Your only purpose here is to try and get the price to dump so you can fill your 3 eth order faggot

[Anonymous No.13225541]

Damn.

[Anonymous No.13225552]

>>13225520
Fuck that, nobody with half a brain is buying this dumpster fire after what happened.

[Anonymous No.13225586]

>>13225552
Anon with brain. What to buy?

[Anonymous No.13225620]

>>13224851
See, check their shit. It's all based around the shittoken. All their posts should be based around the exchange.

It's a free fast money grab. Normal procedure is Exchange -> token.

Here we have token -> every post or tweet is about a listing, the price, etc -> no news about the actual exchange.

Dump your bags i'd say.

[Anonymous No.13225626]

You're conveniently ignoring the fact that they're posting an announcement this week about the situation. Any discussion before then is speculation

[Anonymous No.13225637]

>>13225620
>Please fill my buy order, I'm getting FOMO

[Anonymous No.13225663]

>>13225626
kys

[Anonymous No.13225670]

>>13225626
Yeah i’m sure they will have something great to say, lol.

[Anonymous No.13225678]

>>13225637
kek no, thanks for the money though

[Anonymous No.13225717]

HOLY FUCK OP selling my 100k stack now thank you for bringing this to light

[Anonymous No.13225973]

>>13225620

They have a demo of the exchange out, the full exchange will be out end of the month. This has never not been the case

[Anonymous No.13225987]

>>13225973
>demo exchange
>bitcoin price is 6000$+
could honestly just be a fucking movie in loop

[Anonymous No.13226013]

>>13225987

Hahaha this guy really posting a screenshot where he made like 2 eth. Congrats faggot

[Anonymous No.13226025]

>>13226013
SEETHING i made 4

[Anonymous No.13226206]

>>13225678
it could be a scam, but the chart has done exactly what I thought it would do. not any indications of scam from chart pov, imo

[Anonymous No.13226229]

>>13225146
I picked up some xbase purely for a quick 2x flip, but I put my actual funds into NEXT too, as well as the xbase profits.
it's kind of a shame how heavy the fud affected next, but then again, i got to increase my bags 30% at literally half the price. and once that shit launches in a few days, everyone here is gonna fomo in at 2x that price so w/e

[Anonymous No.13226300]

>>13226229

99% of /biz are dumb sheeps
and then there is that 1% like you who is smart and knows his shit inside out and does his own research

bitmax = 150million
next and eterbase = 1-2 million
----- bitmax does not offer fiat ramps, no european regulatory compliance, no european banks, no STOs.

[Anonymous No.13226333]

Lol should've bought NEXT
basies on suicidewatch

[Anonymous No.13226355]

>>13226333
trips confirm next @ 3.33 usd by Koningsdag

[Anonymous No.13226407]

>>13226300
exactly. i went hard on NEXT, comfy as fuck holding my bags at prices this low.

if a shitcoin like Coss can hold a $10mil market cap, NEXT is going to be there in a fucking flash. $2.70 is my first sell target

[Anonymous No.13226488]

>>13226333

Next dumped even harder than Xbase..and now has barely any volume

[Anonymous No.13226534]

>>13224851
> "follow muh whitepaper and increase circulating supply so there is more liquidity for new people to join the project"
XBASE did nothing wrong doing this then. >CEO has not yet made a statement after the wildness in Telegram.
This is a problem.

[Anonymous No.13226563]

>>13226534

They got an announcement tomorow

[Anonymous No.13226573]

>>13226563
And that will be the true exit scam

[Anonymous No.13226598]

>>13226573

I'm not ruling anything out, but at least give the man a chance to say his piece

[Anonymous No.13226618]

>>13226488
was the lowest volume dump ever lol. this is just one of those chances of buying an actual decent project on the groundfloor, and everyone here is too afraid to do that so they'll wait for it to triple before getting in. I see it happen all the goddamn time.
Look at all the coins on idex that pumped hard. they were sitting stagnant with low volume for weeks/months before making any movements. and next is launching in a couple weeks.

[Anonymous No.13226642]

>>13226618
there is no actual project/product though. So you're basically buying shittoken #12610. Like i said admin should be worrying about creating a fucking exchange, not about his ERC20 shitcoin supply

[Anonymous No.13226700]

>>13226618

When is the next exchange launching? I actually like the sound of the project from what I know of it. Only 1 mil cap too. Would be grateful for any info, wouldnt mind lobbing a few eth at it

[Anonymous No.13226711]

>>13225000

Hm honestly considering buying up some NEXT as it seems like the good moment. They're looking way more professional I should've known all along grr

[Anonymous No.13226846]

>>13226700

Afaik they will also launch their mainnet soon which has masternodes... Just checked ethscan and less than 40 addresses have 25000 next for a node, so seems like running a node is going to be extremely profitable. Think I'm going for a node actually

Today an admin posted 1st year would bring 33% returns which is massive, and based on 100 nodes. So with 50 nodes this is double. Reminds me of my other nodes where I was with the very first and plucked some nice fruit

[Anonymous No.13226876]

>>13226711
well lucky for you it's dirt fuckin cheap after being bumped out of the front page on idex

[Anonymous No.13226885]

>>13226642
I'm talking about next, not xbase. not a fan of xbase
next does have a project/product. And their coin actually does serve a purpose with profit sharing

[Anonymous No.13226889]

>>13226876

Yeah happy about that since I don't homo fomo

[Anonymous No.13226898]

>>13226885

Profit sharing? Care to elaborate?

[Anonymous No.13226902]

>>13226700
testnet is up, mainnet/full launch is this month. team has an ama in a couple days if you're looking for more info.

[Anonymous No.13227272]

>>13226898
People who hold NEXT will receive a portion of the fees collected by the exchange, after the team pays its running costs.

[Anonymous No.13227467]

>>13227272

Damn ok that sounds really nice actually. So the bigger the stake the more you get shared I guess? Kind of KuCoin style?

I think I'm convinced to fully leave XBASE and never look back at that scam and get into NEXT

Just read that their masternodes create instant and also private transactions and at this rate I should hopefully get a node filled

[Anonymous No.13227772]

>>13227467
Yep, thats how it works. If you lock up a masternode, then they will not receive any of those profit sharing. However, the tokens received from staking your coins should be greater than if you just hold them. Imo the best selling point is the fact that they use a hybrid exchange where the trading is centralized but you are actually in possession of your keys through the blockchain they are launching.

[Anonymous No.13227784]

>>13227467
this is a thing too

[Anonymous No.13227920]

Team bought back 4 million xbase tokens today and sent them to the main wallet. Some announcements this week also, in a couple of weeks no one will even remember this little bump

[Anonymous No.13227953]

>>13227920
Of course they did because they sold yesterday a 55k and now can buy back at 30k. Rinse and repeat

[Anonymous No.13228085]

>>13226013
Lol was thinking the same thing

[Anonymous No.13228099]

>>13226618
25k Next, 1.3 mill XBase. Scared money don’t make money but good luck bois

[Anonymous No.13228131]

>>13227272
people who hold NEXT? Or people who hold nodes?

[Anonymous No.13228145]

>>13228131
Node holders mine more NEXT but everyone holding NEXT gets part of the profit sharing

[Anonymous No.13228149]

Forget this shit. It made its run. It will be slow and boring. Buy VANTA. Next moonshot with Microsoft and Oracle partnership.

[Anonymous No.13228152]

>>13228149
that might be fine for another round of the shitcoin gamble but NEXT is an actual hold

[Anonymous No.13228164]

>>13227772

Makes sense about the shares not accounting for masternodes to me

Yeah it's pretty cool how they actually use the blockchain this way

Thanks anon, got a bag of NEXT going just hope the price won't fly away again before I have a node

[Anonymous No.13228201]

>>13228149

Haha 8 billion circulating supply?? Kek