Bitcoin Forum

Who really knows, equid coin is a scam???


https://equid.co

I have seen it in many forums
It is a new currency so far not launched
We will know after 17 days

I have some doubts about this coin and I'm watching this project so how far it can go ?

It's more than likely a scam. It features a MLM on their main website and most of us on here already know that MLM's don't last long -they aren't Amway so this coin is going to be a money vacuum.

probably

it's free at this moment

If it features MLM scheme then most likely this coin wont last long and easily die or become scam in the end.If it still free as of now then its not bad to get those coins since they are just for free as long you are not  pulling out money from your pocket.We cant still say its a scam coin hence its not been yet released.We would see that on a matter of weeks so watch out if you do have trust on this coin.

Hi All
eQuid is not a scam but you can't really take my word for that can you?  There are so many scams that it definitely is smart to be cautious.  eQuid is also not like most blockchain coins.  We don't use mining to create the token.  Yikes!  eQuid sits on top of the Stellar platform and is earned into existence rather than mined.  The mlm offer provides a way for people to earn eQuid by spreading the word.  In some parts of the world people love this mlm stuff.  For the first time I am finally signing up users and getting some traction.  eQuid is a coin token that represents the value of the network we are building.  There will be additional coins in the network that will accomplish specific tasks but there is too much to tell for this short reply.  Check it out at the site if you like.   equid.co.  Some of the people in the mlm are only in it to try and make a quick buck but many of us are in it for the long haul.  Hopefully the price won't tank when we launch.  If you have any questions feel free to contact us at    contact@equid.co

All I know this is 100% premine and centralized coin so it's not a crypto currency at all or just an mlm coin that falls into a scamcoin,you have no control of your coins because you will not own it's private key the devs has a huge chunks ready to dump when they have an exchange to dump easy analysis for equid the new scam coin.

All I know this is 100% premine and centralized coin so it's not a crypto currency at all or just an mlm coin that falls into a scamcoin,you have no control of your coins because you will not own it's private key the devs has a huge chunks ready to dump when they have an exchange to dump easy analysis for equid the new scam coin.

It is not  100% premined.  There is no mining at all just like Ripple and Stellar.  You do have control of your secret key and full control of your account.  You can keep your balance in an eQuid.co wallet or any wallet that supports multiple stellar assets.  Regardless of the wallet you choose the balance is always on the Stellar blockchain so if you go to stellar.org and put your secret key in the account viewer you can see your balance.  The whole point of eQuid is to test a money system theory.  Mined coins are like gold.  US dollars and fiat currencies are lent into existence through debt.  eQuid is earned into existence.  The value is created through labor before the token is created.  The developers don't hold that much coin including myself and we have no intention of dumping.  Some overseas investors who made it possible  to get to this point and the mlm earners who have created a user base are likely going to try to pump and dump when we list.  After that it should be a matter of steady growth.  I do get a little negative push back on this blog and a few other channels but for the most part I am growing an enthusiastic following all over the globe.  The enthusiasts tend to email me at contact@equid.co instead of posting in places like this.  Feel free to drop me a line if you have any questions.   

Given that the project is hanging on the HYIP monitor, then obviously neither good from the project is expected.

if it smells like a duck, walks like a duck, it is a duck.

good words and it's a shitcoin . you are right when you have a bad comment for this project . I'm bored with this coin like this.

Yes it is indeed a duck especially if you eat a lot of it,a true crypto currency should have no mlm on referring of any kind on it,you can do an airdrop but not promoting it by using referral link where you have an upline and you have a downline .

today is a last day,ico ended :)

I dont think its a scam. People think premine coins are scam but Premine is necessary for us to work on projects, bounties, social campaigns, things dont happen for free

I visited eQuid website and skimmed through a bit. I found this info, about system they will use to promote this coin:

What Account Reps Do
Account Rep First Steps

-Sign up as a rep in the directory
-Sign us to the Facebook group
-Sign up at Slack
-Sign up at Skype
-Connect with the google docs
-Start your social media and email campaign
-Start going to meetups with the presentation
-Start getting it out there however you can.
-Send in a list of new sign ups weekly with the pledge amounts
-Send in a list of pledge increases
-Send the total pledge amount of all your accounts
-Reach out to employees and vendors of the businesses you sign up
-Organize promotions with local businesses
-Sell your eQuid to local users who want to take advantage of the promotions
-If you like the idea of this but aren’t ready to commit yet please sign up to receive the email newsletter so you can watch our progress.

I would disregard every coin which is building awareness of the project in this way. Bitcoin didn't have any Account Reps...

but equid coin only same the billion coin
without anything dekstop wallet, only register in website and all coin have dev, without pow and without POS
only same MLM or if coin same with the billion coin, not crypto curency

but stellar goes that same way in the past :-\

I don't trust coins that are closed source it can only means you don't have control in your coins and if they don't have a desktop coin where you own your private key and wallet.dat,then this coin is useless and the dev of the coin can confiscate your coin anytime.

Base on what I read about it, it is an MLM scheme which is most often in this kind of system is more on hype style to their investors. And one of their way of earnings always was referral program, and has membership/registration fee. It can be an scam, :)

Yes, it is like centralization of coin even more dangerous than fiat money, all of the coins be controled by developers,
i am doubt about this coin will be successful because it can be manipulated by developers and other people who has big money, but it is just opinions i hope there are developers of coin on here and can make clarification about it.

No one would be interested if it were like that

I think this is a good coin
good luck for dev!

today ico is ended and my balance is zerro :'(

any news ???

me too

Is it really scam?

Once in a while when I mention eQuid someone sends me to this thread.  I hate coming hear it is always a bit disheartening.  People make bold statements with very little knowledge.  eQuid is a token issued on the stellar platform.  It is earned into existence rather than mined into existence with the propose of reducing poverty and pollution.  Our debt based money systems promote poverty and pollution.  Is it a big project and an uphill battle?  Yes it is.  Do I appreciate people making unfounded incorrect comments that make the job even harder  No I don't.  But I have certainly come to expect it at this forum.   :)