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/biz/ - Business & Finance


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File: 3 KB, 225x225, 2D53E06E-091B-45F0-9190-47E6EF6155AA.png [View same] [iqdb] [saucenao] [google]
29774330 No.29774330 [Reply] [Original]

Here’s a little story about a platform named Polkastarter or Polkascammer that is performing some of the biggest pump and dumps the crypto space has ever seen.

It has already provided multiple delegitimate projects MILLIONS of dollars just because normies FOMO into the launch. I’ll explain the whole process below. As a matter of fact, i think these people could care less about what happens after launch.

Each time one of these projects is listed on their “IDO”, the day of launch, you see upwards of 40 million dollars of volume. As you see their recent project, was sold at presale first 0.10 cents, reaching an ATH of $3 in 24 hours, dumping -64% consequently. Providing literal free money to the project. It’s genius for them, and scammy for the community.

The projects host a private sale where all these “big funds” which you can find out very easily who they are get together and decide to invest into the project and decide to instantly dump into the highly liquid launch date.

>> No.29774586

>>29774330
Most of the projects arent even building on Polkadot but are just gonna copy paste their code onto Ethereum Virtual machine parachains like MoonBeam and Plasm.

>> No.29774752
File: 2.54 MB, 1170x2532, 2191ADC8-3F78-4317-9191-FB3107E93195.png [View same] [iqdb] [saucenao] [google]
29774752

The projects do an “announcement” on twitter which is then flooded with bots to fool the twitter algorithm to think it’s gaining real hype, when it’s actually not. Very obvious market manipulation. Wherever these pajeets/europoors are, they are definitely breaking securities laws unless their shithole doesn’t give a fuck

pic related for BLANK, the next VC pump and dump, a clear indication of fooling the twitter algorithm to think this scam has any real hype besides the seed/presale investors interest

>> No.29775223
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The community who so desperately begs to whitelist can only contribute $300 or so, the usual maximum, if they do get whitelisted.

There is so transparency in the process of choosing the projects or white listers.

BEWARE OF ANY POLKASTARTER PROJEC, they are almost 100% just VC money grabs.

These VCs are very prominent in the space and are just looking to dump their bags, pic related shows how much the VCs made in ROI with their investments.

Keep in mind the community didn’t see a return of that magnitude in the pic. Those returns were all given to VCs and pre sale investors

1- IDO
2- Have liquidity management firm set your price immediately before the public gets in
3- guaranteed 20x for VCs
4- retarded normies get dumped on
5- profit

>> No.29775427

Solution: Dxsale with Dxlaunch with a time lock.

>> No.29775698

>>29775427
shhhh...
/biz/ seemingly prefer getting rugpulled by pajeets. Let them learn the hard way.

>> No.29775762

>>29775427
Whatever it is, Polkastarter should be hanged for their crimes against the naive crypto community, specifically the Polkadot

>> No.29775904

bump