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/biz/ - Business & Finance

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8840483 No.8840483 [Reply] [Original]

Coinmetro is essentially extending the ICO again, probably not for the last time.

>> No.8840520

>>8840483
They should rethink the use of the word 'initial'.

>> No.8840562

>>8840483
It's capped at 0.1 ETH but I guess you already knew that. But either wa it was an unnecessary PR shitshow IMO, should have just given it to those who had already invested.

>> No.8840616

>>8840483
How do you mean? The buy in price is now significantly higher than during the ICO.

>> No.8840880

>>8840616
Isn't it still 12 cents?

>> No.8841003

>>8840483
This is such an obvious scam it is hilarious.

The ‘ico’ is just private investors dumping their purchases on suckers who think they are getting in early.

Meanwhile, no Beta and no exchange.

>> No.8841203

>>8841003
>I havent read the whitepaper: the post.

>> No.8841410

>>8841203
Extending the ico multiple times was never part of the whitepaper.

This whole thing is a scam without a product backing it.

>> No.8841518
File: 144 KB, 618x597, 1480757818205.jpg [View same] [iqdb] [saucenao] [google]
8841518

>practically extending the ico for the second time for no apparent reason
>issues with the site
>KYC still doesn't work properly
>the ceo thinks posting a video of his two girls on the official update channel is "transparency"

I don't have high hopes for this anymore but at least it prevented me from losing a big chunk of my portfolio in this bear market.

>> No.8841538

It's so more people can qualify for the airdrop by having at least one XCM in your wallet

>> No.8841546

>>8840483
The team's greedy as fuck

>> No.8841568

>coss bad! Coinmetro good!
>multiple “ico”s
>no product
>not a scam

>> No.8841730
File: 209 KB, 953x780, o.png [View same] [iqdb] [saucenao] [google]
8841730

>>8840483
>>8840520
>>8841003
>>8841518
>>8841546
>>8841568
There isn't multiple icos. The airdrop has a max buy in of 0.1ETH. Sold tokens and airdropped tokens come out the community rewards so it doesn't affect how many tokens will be burnt.

>> No.8841965
File: 47 KB, 641x574, 1514396718017.jpg [View same] [iqdb] [saucenao] [google]
8841965

>>8841730

>> No.8842152

>post voice clips to make it seem more "real" and "connected" with audience
>rake in /biz/let $$

>> No.8842347

It hasn't even launched and pajeets are already full force fudding it.

BNB and Coss niggers are scared.

>> No.8843287
File: 7 KB, 240x232, 1515547708026.jpg [View same] [iqdb] [saucenao] [google]
8843287

>>8842347
I am the original shill that started the CoinMetro craze on /biz/ to begin with and I'm really losing hope in this project. Too many questionable moves and even the ICO platform is buggy as hell.. At least I've got tons of referrals, which I will be dumping.

>> No.8843321

>>8843287
do you feel kind bad for leading the dumb down a scammy path?

>> No.8843332

>>8843321
no, cuz I was dumb enough to believe in it at the time

>> No.8843347

>>8843287
Just buy BNB before it becomes a top 5 platform coin.

>> No.8843385

>>8843347
I cashed out in January. Got lucky with holding BNB then. I'm done with crypto in general, just waiting for CM to release the platform so I can dump the last bit.

>> No.8843391

>>8843287
COINMETRO IS SCAM, I SUGGEST YOU SELL AS SOON AS YOU RECIEVE COINS SIR

>> No.8843403

>>8843391
Don't worry, I'll dump hard on you pajeet.

>> No.8843416

>>8843287
>Too many questionable moves
Enumerate them please.

>> No.8843440

>>8841730
this

>> No.8843492

>>8843416
Hes just fudding so he can scoop up more cheap coins on april 15th

They are only selling 0.1 eth worth of token and its coming from their own supply, not coins that are supposed to be burnt, all those coins will be burnt

>> No.8843576
File: 15 KB, 420x420, 1513462639400.png [View same] [iqdb] [saucenao] [google]
8843576

>>8843416
>the burger legal fiasco which was supposed to be clear before the main token sale and they kept baiting with it until the very end
>KYC module was supposed to be deployed at the start of the token sale (21 Feb). It only got released few weeks ago and is buggy as hell
>marketing was promised to ramp up during the main token sale, nothing such happened, most of the growth was during the pre-ico and flash sales
>extending the ICO
>re-opening the sale after the end of the extended ICO for the purpose of the airdrop, and pooling tokens from a pool that was supposed to be kept in reserve into the pool of tokens available for purchase at the current price level
>buggy platform all-around, couldn't fix caching issues for 4 months now
>not even a glimpse of a prototype
>still no token distribution or beta release dates
>refunds were supposed to be easy to get, now they're playing tough

>> No.8843594
File: 74 KB, 600x600, 1520028518535.jpg [View same] [iqdb] [saucenao] [google]
8843594

>>8840483
If you fell for this pajeet scam, you deserved to lose it all.

>> No.8843601

>>8843492
yes, everyone that isn't as delusional as you, is fudding and conspiring to get cheap tokens. get a grip

>> No.8843619

>>8843576
BTW, I'm not saying it's necessarily a scam, I just don't think this team can pull it off given their current track record.

>> No.8843724

>>8843576

Their marketing was supposed to target Facebook because for the pre sale $50k in marketing netted them $2M in sales. Just as they were about to do it again Facebook banned ICO advertisements

These guys got straight raped by the bear market. They didn't even liquidate their holdings from the sale so they're sitting on like 5-6M worth of crypto rather than the 11M they raised

Still bullish af

>> No.8843765

>>8843576
Yeah they had some issues but I'm going to give a chance to iron it and I won't be placing any significant judging until the end of the year.

ICO's are known to be risky, especially in this season. I knew that my money could end up vapor entirely but I'm going to hold for a while instead of speculating/dumping on the first day like a idiot.

>> No.8843941

>>8843724
This,
CM was completely rekt by this bear market. Every issue that they have had since January can be chalked up to this.
Original goal was to raise 10mil minimum, with current prices they are way below that goal. Quality and progress will suffer as a result of this. Its actually somewhat of a small miracle that they are continuing on with the project.

>> No.8843971

>>8843724
It wasn't cause facebook banned ICO adverts (their marketing via facebook wasn't via ads) but because we entered a bear market and people stopped buying icos.

>> No.8844026

>>8843941
Also kevin said they only need 2mil to carry out their plan for this year.

>> No.8844114

>>8844026
True. However there is a massive difference between what they need to eke out an existence.. (Think how painfully slow COSS has progressed) and what they need to pay for proper devs, employees etc. to truly excel in the way they laid out in the roadmap.

Sad to say but an underfunded coinmetro will end up having to cheap out on a lot of things just like what happened to coss.

>> No.8844125
File: 9 KB, 454x114, maximumkek.png [View same] [iqdb] [saucenao] [google]
8844125

>>8841730

>> No.8844244

>>8844114
They already have 50 employees, are they really understaffed? They have only liquidated 200k so far and there's a chance the market could recover in the near future.

>> No.8844254

>>8840483
>April 2019: ANNOUNCEMENT! Coinmetro team is proud to announce its 52nd Weekly Premium Deluxe Diamond Gold Ultra XL™ ICO (only for True Supporters™ ;^) ! Get 50% Lifetime discount and Platinum Coinmetro Express Credit Card™!

>anon: w-well, it looks like a scam that's been on for to long, what retard would buy this?!

>CM shills on /biz/: STFU you fucking cuck! It's a PRODUCT FROM A MEGASUCCESSFUL FX COMPANY! THE WHOLE GALAXY HEARD ABOUT FAMOUS FX PIG! DEBIT CARD! TRANSPARENCY! KYC! NORMIES WILL LOVE IT! $500000 EOY STAY POOR! SINGULARITY BY 2020! BETA EXCHANGE BY 2025! DON'T LISTEN TO FUD! WATCH THE NEW INTERVIEW WITH THE CEO ON YT!

>>8843941
>CM was completely rekt by this bear market.

Awww, how sad. :(
They probably thought that crypto will continue to raise in value to perpetuity, right? I mean, top teenage crypto analysts from youtube and /biz/ said that, so why wouldn't you listen to them? McAfee himself confirmed $500000 EOY!

How could a team who constantly boasts about their experience on financial services market predict such a thing as bear market?! It's insane! They certainly shouldn't have accumulated any reserves or draw any funds from their fx platform (like they said they will do, before ICO started). Therefore they should just extend the ICOs to perpetuity and if there are no more dumb money to collect then they can just say
>soz guyz, an unpredictable "black swan" event occured, called 'bear market"! We had no idea that crypto can lose value as well. The project is closed, ty for your $$$!

>> No.8844279
File: 34 KB, 680x470, cmicosale0.12.png [View same] [iqdb] [saucenao] [google]
8844279

2 weeks extension of price at 0.12 euros

>> No.8844323

>>8844279
It doesn't effect the tokens that are to be burned, all coins that are sold and airdropped are coming out of the spare tokens that were reserved for the bounty program.

>> No.8844358

>>8844323
it still affects circulating supply and expands the 0.12 price tier

>> No.8844406

>>8844254
You're clearly a massive douche. However you are right

>> No.8844440

>>8844358
like Kevin said, it doesn't matter if the tokens get burned if there's no demand for the ICO. If anything this Airdrop is a good thing that's suppose to bring in more customers something an exchange needs to succeed. You just want to dump your xcm as fast as you can, why even buy into this?

>> No.8844502

>>8844440
Yea I'm not one of the retards that thinks burning tokens automatically results in higher prices. The point is they are doing things that weren't part of the plan.

>> No.8844535

>>8844502
It was always part of the plan. Those tokens were allocated to be given to the community. Did you read the whitepaper?

>> No.8844580

>>8844535

He's the virgin shill that kept shilling his referral link for the past few months. Scum cunts like him don't want to wait more than 30 days to see gains

>> No.8845136

>>8844535
yes, and it wasn't part of the plan. those tokens were reserved for bounty and referral payouts.

>> No.8845186

>>8845136
>>8844535

making them available for purchase is not "giving them to the community" either

>> No.8845255

>>8840483
traincoin sir pls

>> No.8845276

>>8840483
B-b-but muh coss killer.

>> No.8845291

>>8840483
Kek, didn't people put like hundreds of thousand of euro's into this? Will probably do a 2x regardless tho

>> No.8845382

>>8845136
>reserved for bounty and referral payouts
and there was some left over, so they gave them away
>making them available for purchase is not "giving them to the community" either
Well you only have to pay 0.12EUR and you get 68 tokens for free. I wouldn't call a sale capped at 0.1ETH "available for purchase".

>> No.8845819

>>8845382
it's not capped when you can put as many 0.1 eth orders as you like

>> No.8846449

>>8843287
No you’re not faggot i am.
And I’m not worried at all. Kevin wants as many people using the exchange as possible, not just the people that contributed to the ICO. An airdrop will attract a lot of new customers that hopefully stick around and use the exchange giving us more volume and increasing the price of XCM.
This guy knows what he is doing, he’s running a business and doesn’t give a fuck about your feelings.
Be patient and have a bit of faith, we will be on the moon in no time

>> No.8846576
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8846576

>>8840483

Honestly posts like this one from low level pajeet = bullish for CoinMetro. Couldn't be kamfier with my 75k.

>> No.8846816

>>8846576
Decent stack man.
What else are you holding out of curiosity? Would be good to see if CM minds think alike

>> No.8847220

>>8846449
You wish. I started the whole thing on the 9th of Jan with a huge thread

>> No.8847286

>>8840483
*Cough* Nauticus.io *CoughCough*

>> No.8847709

>>8844358
Have you read the whitepaper? These tokens would have been used to stabilize the price anyways, thus they were essentially always supposed to be circulating

>> No.8847738

>>8847286
the pajeet version of coinmetro

>> No.8847767

>>8846576
You sound like a #vergefam

>> No.8847779
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8847779

>>8846816
Honestly check out lockbox.com - I went in huge on this one.

>> No.8847801

>>8847709
keeping them locked in reserve and using them as needed to stabilize prices is not exactly "circulating"

>> No.8847947

>>8847738
You mean the version that'll make money?

>> No.8848013

>>8847286
I decided to look into and it looks like shit. Way smaller community wise than coinmetro and the subreddit is dead as well as the telegram. That shit looks more dead on arrival than coin metro.

>> No.8848062

Tried to explain to you fags why this was a scam the first time you started shilling it.

>> No.8848111

>>8847286
Looks like they're trying to be proactive with the regulations that are coming by teaming up and gettting the blessing of the Australian Government. You got a referral link?

>> No.8849054

>>8847286
So you're the faggots that have been fudding CM? Figures.

>> No.8849078
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8849078

>>8849054

>> No.8849133

>>8849078
Please stop spamming this degenerate felon, it makes your shitcoin look that much worse

>> No.8849399

>>8849054
FUDDIng?
Not even a little lol I just support another coin and find the ICO extension annoying hardly FUD

>> No.8849427

>>8849399
Thanks for the backup bro; I keep telling these CM guys they're being wayy to supportive over this coin.
Referral:
https://nauticus.io/ref/f3ebbf04267ab19a6f91caef19c517bce6d19cf62eb3c9c6e7d36820f6551342

>> No.8850404

>>8844254

You're trying WAY too hard with this FUD

Not necessarily saying you're wrong, btw.....just that you're trying too hard

>> No.8850418

>>8850404
my 7k xcm has already doubled and they aint even launched yet. cant wait for the etcf and tam functions.

>> No.8850477

Why Kevin keeps posting his trips to Thailand fucking ladyboys and his disney trips with his family all paid with this scam money?

>> No.8850486

>>8847286
>>8849427
HARD CAP
$88,000,000 USD

TOTAL SUPPLY
2,500,000,000 NTS

kek

>> No.8850587

>>8850486
What's wrong with the market cap/ coin ratio?