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/biz/ - Business & Finance

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4010783 No.4010783 [Reply] [Original]

this seems too good, can somebody trash talk it and explain the problems?

>> No.4010820
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4010820

>>4010783
>can somebody trash talk it

>> No.4010824

>>4010820
fud for me baby

>> No.4010838

>>4010783
I too want to know because it really does seem too good. Hopefully it dips and my alts recover so i can exit them without losing money to buy this.

>> No.4010842

>>4010824
no invest in this coin sirs is bad

>> No.4010878

From what I know the token value is capped to 25$ because they will be selling them in their website for that price.

They can always raise the price of course or set limitations you can only circumvent by purchasing tokens on exchanges, but for now there is this hard cap.

Staff doesn't have that much experience leading billion-big companies.

Concerned about long term legality due to serving as a way to spend your cryptos without cashing them out.

Other than that, it is a quite interesting project

>> No.4010882
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4010882

>tfw bought at 2$

lets see where it goes

>> No.4010935

>>4010878
They mentioned before that they will move up the retail price if the exchange price approaches it.

I think it's pretty undervalued right now especially with the actual platform launching in a couple months or so.

>> No.4010956

>>4010935
oh im balls deep in

>> No.4010969

What does it do?

>> No.4010976

>>4010969
predatory loan coin

>> No.4010990
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4010990

>>4010878

No working product as of yet.

ICO was complete shitshow and they are still distributing manually (technically shit)

Currently trading below near or below ICO price (~$5)

Big circulating supply means selling pressure should increase past $5

>> No.4011001

>>4010969
https://www.youtube.com/watch?v=DsQXQYREZLc

>> No.4011002
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4011002

>>4010990
>offers traditional, fully collateralized loans at high interest rates
>lets you get service through a web app
>was able to raise 200m by copy pasting erc20

>> No.4011066

presale buyers got millions of them at huge discounts, 85% cheaper for the first wave then millions other at 70%, 50% and 25%.

That's the best way to kill a coin, when people can dump like crazy even if the price is down 50% and still have a good profit.
That's what happened and the price is already low, the worst is that at each pump with enough volume another presale whale will dump.

It's not even a secret.
https://bitcointalk.org/index.php?topic=2051305.0