Bitcoin Forum

Oyster Pearl dev team just dumped 700k PRL and then informed everyone about a delay in the airdrop.  They are also attempting to deny they did it however the blockchain doesn't lie.  Beware guys. 

Yup.  Insider trading at it's best.  They dumped 300-700k on to the market.  The released the news.  Total BS 

Thanks. That was a company I was actually looking at. Good luck.

WoW, I was going to get some of these tokens sometime ago. Thanks for this info. Unfortunately these kind of practices are not very uncommon in crypto but it sucks to be on the receiving end. Lesson to self- only invest what you are ready to loose and not to ever put all the eggs in the same basket.

here you are fraud. although at first they were a serious company. It is necessary that the moderators blocked them.  >:(

I am already in this project :( invested in January :( :(

The project creater and lead is anonymous.  I guess we know why now. 

To add insult to injury Bruno Block (the annon project lead) was on telegram last night telling us how he just got finished talking with kucoin.  In the next 12 hr period he dumped then announced the bad news.  So he 100% knew before the dump.  The Telegram mods are in there trying to deny it but you can follow the dev wallet transactions.  So its fairly bad that they are denying this happened.  

Here is the proof

https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7

Almost every anonymous dev do this to their project. I dont know why they do that, i mean they can make a good profit if they just running the bussines like they used to be.

edit: but total supply is 98m anyway 700k is nothing

There is a lot of scam on the ICO market now. You need to be ready for the scam 30-50% new ICO.

What happens when you dump the 700k  then tell the negative news?  The problem isn't so much the 700k.  Its the insider trading.  The damage to the project is now done. 

It was a project for which I had really high hopes. I've been following them since the very beginning of October and, surprisingly, this is the turn of the team. Well, this once again confirms that the main criterion for choosing a project is the team, because you decide with which team you move on.

i think just make happen with down price, but i think oyster pearl going back with stable price after reach high price in few month ago
it support by bitcoin price down so make PRL price difficult to up

Even worse is Pearl announced Kucoin was going to support the airdrop (Kucoin has not announced it yet) of Shell which raised the price.  They then dumped into that buying.  So shady.  

This is very strange !

I believed in the project from the beginning because I thought the idea that website visitors contribute a small portion of their CPU power to enable users' files to be stored on a decentralized and anonymous ledger, is something very innovative. The fact that is based on IOTA Tangle make it even more special and with huge potential.

Better wait maybe clarifications from the developers and wait for the airdrop scheduled on 13th April.

That sucks, but I never really trusted those guys.
Scammers are gonna scam.

This is always a risk with these new projects and icos, it may not be scam but it is a fact that the team and owners that hold their portion of tokens can dump them anytime sooner or later effecting the price badly.

Is this FUD or real? Cause if it's real, that's sad. I myself was considering investing in this but just never pulled the trigger.

Ugh.  I believed in this project so much.

I will never trust a project where the leader remains under cover.  I'm realizing now why he remains behind a mask.  These projects (aside from bitcoin) never work out where the main leader hides his identity.  I feel silly now for falling for this one.  

The scary thing is he took 6 million out of the dev wallet.  So there is going to be huge pressure on this thing for a good long while. 

Yeah
Why people invest in anonymous projects?

This is a very bad news, because I think that this is a good and honest project, and they turn out to be dishonest. Shitteam

Wow Oyster Pearl just made a statement and answered nothing.

They have been telling us for the last weeks the airdrop is being supported 99.9% and now the project lead says they been negotiating for 6 weeks and having issues communicating with Kucoin.

Then the project lead called us a bunch of chickens in telegram.  LOL

Low class scam project.

https://t.me/oysterprotocol/287453
https://t.me/oysterprotocol/287587
https://t.me/oysterprotocol/287622

I was also in the telegram and couldn't believe what I was reading.

First they dodged every real question.
Then called us names.
They provided not 1 shred of evidence about any of this.

When they droop the rest of the 700k watch out below.  That's not even considering the other 5+ million they withdrew.  Appears as if operations are running a bit expensive.

this is FUD guys"!!!!! >:( >:( >:(

Yup they just moved dev funds to Kucoin for fun.  LOL

https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7

Don't fall for it guys.  They are dumping on the buyers. 

They have a core group of about 20 fan boys that will try to sell you anything.  Go read the telegram from 4PM on and see if they gave any real answers for yourself.  Take note on all the dodged questions (provided they didn't censor them)

Stop the fud.
Not true at all.
The team explained everything so don’t spread lies.

Your just jealous you didn't get in early to a good performing project

Huge sell walls happening on Kucoin.  I guess the explanation with didn't pan out.

Very surprising they were telling everyone the airdrop was 99.99% when they were still in negotiations.  Looks like the memo the team put out skipped that part.

I don't doubt trading on insider news took place.   Lying scum.  Sorry to all the investors who got caught in the lie.  

They needed 6 million for expenses for this quarter.  OMFG  That looks bad considering they only had 30 Million in the Dev wallet.  Money is burning out of control. 

I have checked out the chart in Kucoin of PRL and do really see some serious dip on the price seeing those red candles but I don't know if those tokens are the part of 700k or just those conventional traders did dump their PRL because of this FUD? This isn't a shitty project and I can really able to say such thing.If devs tend to dump their token holdings then price would majorly affected.As of now I don't see an abnormal price decrease.Its just minimal.

Only about 13 BTC till 0 (kucoin prl/btc).  There is no one buying and those sell walls are huge.  That must be the dev teams attempt to dump.

This is a very unfortunate situation and brings a bad reputation to the cryptocurrency world.  Projects can make so much more money the legit way if they had good intentions on developing the project instead of scamming the community this way.  This is another reason not to invest in anonymous team projects.

Never trust an anonymous project.  There is a reason he is hiding himself.  It's so you and the law don't go after him once the scam is obvious to all.  It seem there may still be a few blind followers protecting the cause.

Oyster is based in the United States.  May be a good idea to contact the SEC if anyone lost a lot of money.  You know they are chomping at the bit to to be in the middle of crypto.  This one seems so bad that maybe they would step in.  May not save you but will help out others from falling for such tactics.  

They are completely caught in the lie. 

Be careful with these coins under top 30. I remember with prl were problem on their bounty distribution.

FUD !!!!
DON’T BELIEVE THESE GUYS
THIS IS A COPY FROM REDDIT.

https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

Dear Oyster Community,
Given the events of today and in the sake of transparency, we wanted to address the community around a few controversial items and make sure everyone was aware of where things stand.

SHL Airdrop – This delay was quite unfortunate. We received word that we were moving forward with April 13th this morning and posted the news within our Medium post shortly thereafter. We originally reached out to KuCoin in mid-February around collaborating on this event and unfortunately things dragged out much further than we would have like. After hearing back from the KuCoin team this morning, April 6th posed a threat to KuCoin’s ability to participate in the airdrop and noted that April 13th would provide enough time for the team to be comfortably prepared for this event. We realize there is some disagreement within our community on making this decision but we view KuCoin as a strong business partner and believe this is the best path for SHL’s long-term success. With KuCoin supporting the airdrop, we believe that our odds of eventually trading on the platform have improved exponentially. Without their support, we would have limited options in the way of exchanges to provide our investors liquidity, which is particularly critical to establishing value for an airdropped token. We wish we would have been able to accomplish this all by April 6th but we had to make the decision to push back the snapshot date in the best long-term interest of the project.

Wallet Movement – As announced earlier today, we moved 6.7M from the main wallet to one of our holding wallets. These funds cover a wide variety of items, including (but not limited to):

• Long-Term Incentive Comp for Management

• Operations (salaries, services, marketing, PR, software, etc.)

• Other One-Time Items (listing fees, project-related fees, etc.)

As we have committed to quarterly movements (originally, at the behest of the community to provide better clarity around changes to our main developer wallet), we tend to over-estimate our funding need and envision that we will not need to move or sell that amount in order to raise any necessary funds. Given the volatility within this space, we would prefer to be conservative there than potentially underestimate a funding need due to near-term selling pressure.

Unlike traditional ICO’s, the Oyster team is not sitting on a treasure trove of funding that provides cash runway for years to come. We need to continuously raise funding in order to keep everything in motion and unfortunately that means we need to occasionally sell PRL into the market. As a business (and as the only individual selling PRL in the company’s name), we go out of our way to ensure any sales we do ultimately make have no significant market impact and never “bully” the market. We realize the timing of the wallet movement with the airdrop delay announcement was a poor look optically but this has been publicly stated since mid-February. Any allegations of impropriety leading up to the SHL announcement are without merit.

Regardless, we apologize for a tumultuous series of events and any near-term volatility that may have occurred as a result. We are supremely confident in the near and long-term vision of the project and hope all within our community feel the same way.
Thanks,
Bill (CFO)

This really sucks. I didn't even participate in the first airdrop for PRL itself, those lucky people, and now this.

As if the bear market isn't bad enough. Let's hope for the best though.

Holy smokes they dumped 6.7 million tokens out of 30 million this quarter.  This project is very sick.  They wont be around much longer as those funds are gonna dry up quick.

Good thing they are compensating the management though.  Even though they are making a complete mess of things. 

Meanwhile investors get spanked.

From Reddit

Wallet Movement – As announced earlier today, we moved 6.7M from the main wallet to one of our holding wallets. These funds cover a wide variety of items, including (but not limited to):

• Long-Term Incentive Comp for Management

Stop spreading false information.
Read this explanation from the team

https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

Literally all of these posts seem like coordinated FUD.

I made an account here just to say that almost everything here has been debunked many times.

The 6.7M token part especially...they take out a specific amount every quarter. This has been talked about before many times, it's nothing new. And you have to be stupid to think that they would dump 700K on the market just like that when it's over the Kucoin volume. That would wipe out the order book.

As Bruno would say, you're all frantic chickens.

Holy shit. Do you have a source for this? I received some of their tokens during the airdrop.

I dumped around 50% of it some weeks ago. Any proof available?

Lol some stupid fudder wants to spread some stupid news and the so called crypto gurus are here with suggestions like dont invest in so and so..

Seriously come on guys read about the issues with KUCOIN support first(literally how many projects were complaining about their support) and more over the team did release an article in early feb saying that they would release some tokens from dev wallet on quarterly basis and yesterday was the day 1 in the new quarter.

Please read the clarification posted here: 
https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

We posted back on February 2, 2018. The following medium article that outlines the spending of the rest of the supply the team has.
https://medium.com/oysterprotocol/oyster-pearl-team-update-4-f2cc22eca1a7 

The claims of dumping 700,000 are nothing but people jumping to conclusion without waiting for an answer.

The funny part is most of them who are reacting hard has a BITCOINTALK forum ranking as full member...
If this was some jr.member or newbie that's some what understandable.

This is really bullshit. This is a good blow to the reputation of the project, I think that after such actions, this project will not succeed

LOL man ....What made you say that
You only follow some crazy fudder with baseless accusations.

Stop spreading false information.
Read this explanation from the team

https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

Come on bro, most of these guys here are already on an agenda. So even if you show real proofs they are not ready to listen.

So they dumped and then made the announcement about issue with Kucoin?  OMFG

Also the reddit post doesn't prove much aside from the fact they had to sell 1/5 of their fund this quarter for expenses.  That's the real takeaway.  One hell of a burn rate.  Even if the project is not a scam its burning assets way to fast.  Very risky.

Also the management compensation part is classic.  Most likely going to the anonymous project leader.  I guess he gets his Lambo.

Please read the clarification posted here:
https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

We posted back on February 2, 2018. The following medium article that outlines the spending of the rest of the supply the team has.
https://medium.com/oysterprotocol/oyster-pearl-team-update-4-f2cc22eca1a7

The claims of dumping 700,000 are nothing but people jumping to conclusion without waiting for an answer.

Just show single proof before making such accusations.

Looks odd when a group keeps spamming the exact same message.  The guys running the project seem a bit desperate.  

I guess they were just practicing moving funds around.

https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7

Appears we are seeing the death throws of a failing project.  Just a few more suckers needed.

Have not you still lost faith in this project?

Wow Oyster is a classy bunch!  

Chickens, Hamsters and now idiots. 

Obvsly some idiots deserves that...

So here are the facts

1) This quarter they burned 6.7 million out of 30 million.
2) The management incentive compensation being planned out before product release
3) Bruno Block the project leader is anonymous
4) 700,000 moved from the dev wallet to be sold.  We don't know when but it was sent to Kucoin for a reason -  https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7
5) Bruno Block the project lead calls everyone "fanatical chickens"
6) For the last few weeks the admins told Telegram participators that Kucoin was 99.99% even though it appears as though there were communication issues.  
7) Pearls were sold by the team during that period for expenses while maintaining the airdrop support by kucoin was 99.99% when it indeed was not (insider trading)

Wow seems like a great project.  I'm going all in!!!

There may be a bunch of Bitconnect investors who love this deal.  

I've been on the receiving end of an exit scam so I understand what you are going through. 

I think the main thing is to avoid anonymous teams.  There isn't a good reason to have an anonymous team since it greatly increases the risk of an exit scam or other shady behavior.

Basically, the team is trying to say that they know they are breaking the law and want to avoid getting caught.  I've made this mistake once and won't make it again. 

I don't trust any project that have no indicated dev and whole main team..... it can prevents things like this....

oh god here too ,

you are replying same thing again and again in each thread ..

do you take decision like this everytime ?

there is telegram / twitter / emails / reddit / medium for updates  you can get answer to any FUD from these channels ..

so what is this ??

https://oysterprotocol.com/#core-team

team photo is there with linkedin profile and if you still not believe it then just do google the image .

The lead of the project is a blue circle.  What is he a baseball mascot?

The facts still remain.


So here are the facts

1) This quarter they burned 6.7 million out of 30 million.
2) The management incentive compensation being planned out before product release
3) Bruno Block the project leader is anonymous
4) 700,000 moved from the dev wallet to be sold.  We don't know when but it was sent to Kucoin for a reason -  https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7
5) Bruno Block the project lead calls everyone "fanatical chickens"
6) For the last few weeks the admins told Telegram participators that Kucoin was 99.99% even though it appears as though there were communication issues. 
7) Pearls were sold by the team during that period for expenses while maintaining the airdrop support by kucoin was 99.99% when it indeed was not (insider trading)

if you were ever in telegram group you must know reason of it ..

and rest of entire team pics given there , if you have guts then prove them fake , i will also join you to call them scam project .


and regarding you 7 points , reddit post clarified it and also admins clarified it further in telegram group .

Your bolding skills are amazing.

Any serious investor that sees a big blue circle in place of the projects leads head will know the score right away.  In addition to all the other facts I have stated that have gone unanswered. 

You sir are a fan boy to the 10th degree and are going to cause people to loose vast amounts of cash when he runs off.

did not want to reply all these 7 points , bcoz it only waste time but still replying bcoz if i dont reply then you will think me too like your type of noobs who dont know anything -

1) burned or sold ??
they burned coins so that is not called scam ..
also they sold coins and bruno and CFO already clarified it ..

2) now it is just imagination and if you talks about salary then every project pays salary to its employees .

3) agree on this point , but rest of entire team photos are published on their website with linkedin profile ,, so why those genuine people will join a scam project , and if it is scam then they have met bruno already . so they know who he is bruno ..
one more thin - satoshi nakamoto is also anonymous and he have 1m btc .. if he dump 1m btc then not just btc but entire crypto market will be burnt . so i should call crypto a scam bcoz we dont know who is satoshi .. only his close friends know who is satoshi .

4) reddit post clarified it and it was also discussed in telegram group .

5) i did not see if he called so ,, and dont know why and to whom he called it ,, without knowing entire conversation we cant reach on conclusion .

6) that is kucoin fault , bcoz team already discussed it in february , but kucoin asked more time for it ..
you should be thankful that aleast you are getting an airdrop coin which is supported by kucoin (kucoin listing chance get high)

7) everyone know that PRL team sell team tokens in batches to cover expenses .. why ?
bcoz ico was not that successful , still they did not loose hope and tried to run this project by selling tokens on exchanges without affecting price .
its price was dirt cheap in november and from that month it is going up ..

however all time high price was 25k saotshi dollar in december but with bear market it also crashed like other projects , from 25k satoshi to 11k satoshi .. only 50% down from ath price .


regarding exit scam or run away - then we have team pics of their CFO , CTO , director of operations , developer , etc etc .. all these posts are big posts ..
and those people have a linkedin profile ,, i check it and found no red flag in profile ..

but still i may be missed it so asking you to prove that all those management pics are fake or imposers then i will dump my tokens right now .

is it true?? I can't believe the dev could do that. last december the project was mooning. the dev even did everything to skyrocket the project. How sad to thhear that good project such as Oyster pearl could turn out to be a scam in the long run. How are investors supposed to behave now in every ICO??

I'm a Pearl holder and very scared of what this 700k dump is going to do when there is little volume on the exchanges for this coin.  

Also not a huge fan of the lead developer being faceless. 

just read the reddit post . dont believe anything or everything posted on internet .

always do your own research ..

Seriously come on buddy take some time and read the post on reddit and still not satisfied you can always check with the team on telegram. Please dont fall for this bs fudster posts.

The thread title scared me as I'm invested in oyster pearl. Just read thru the medium article and the snapshot was delayed only 1 week back to support the Kucoin drop. And they reveal the time of the snapshot is 12 pm EST. When I first heard about the project, I was worried because Bruno is anonymous but he has meet the deadlines and has a working product. They hired more people to the team who are not anonymous and did a token burn. So why does Bruno remain anonymous? I remember reading somewhere he didn't trust the government and didn't want his identity out there if the project ever exploded on a global scale.  

1.  They sold coins while telling us the Kucoin airdrop support was 99.99% even though they were having massive communication issues with Kucoin.  This is called insider trading if they sold even 1 PRL while telling us things were 99.99% good to go when they clearly were not.

2.  Giving incentives to mgmt before a product even comes out.  They admitted this themselves.  Not sure how you argue this point.

3.  Bruno Block is pictured as a blue circle on the website.  He is the leader of this project.  He is anonymous.  I never made a claim about the rest of the team.  

4.  Once again your arguing a point I never made.  I simply stated that the 700k coins were moved.  

5.  Links were posted on this thread of him calling people names.  Not sure how I can help you if you do not read the post and see the evidence

6.  Its Pearls fault for promising something that was not true.  it was not 99.99% a sure thing.  This is Oyster Pearls fault.  Kucoin never made those promises.

7.  They sold while lying (99.99% of support when it was not true) to the investors.  Insider trading

sensible post , yes bruno is anonymous that created doubt in my mind too , but from december they hired more team members and published pics too .
so as long as those people are with PRL and support it we need not to fear .

bcoz they must know who is bruno , otherwise no one join a project without meeting CEO ..

2.)To my knowledge no one ever mentioned about paying incentives to the team. If you meant salary then yes , everyone is supposed to be paid.
Coming to your promises blah blah blah...These are well known issues(like kucoin support not communicating well or breaking promises etc etc) with kucoin support which is all over the reddit and bitcointalk and you cant blame the team for that.
5.) Yes he called the names to the ppl who are fudding around without proper proofs.

rest of points are already answered and in telegram group they told it months back that they need to sell tokens for expenses ..
regarding incentive to management i don't know how is this wrong . so if it is wrong i cant argue on it ..

6. did you check medium post of a CEO of an 'Verify' ICO  ?  he also said same thing that kucoin delayed their listing even after paying 5 btc . and too much messup ..
thing is kucoin is now changing policy bcoz of less less popularity (volume is down) .. so they are busy with other things ..

running a project is no that easy dude .. calling a project scam is much easier than knowing hard work behind any project ..

ps - i am still open for the same challenge that prove pics of other members of PRL team are fake . if not fake then they all know who is bruno .. so how they can do exit scam ??


bcoz i am also holding PRL and if you really can find something suspicious then it will be beneficial for me too ..but i do not want sell my PRL just bcoz of any FUD ..

anyway i am finished and done with my posts , covered all the points ..
anyone treating it a scam or gem , their own loss or profit ..

personally i will hold it as long as this project is genuine and team does hard work .. bye . all the best .

Leave it mate, he is on an agenda. But i only hope the other members in this thread to be more active in terms of researching the facts than drawing some conclusions based on some random post on this forum.

2. Direct quote from Reddit -  "Long-Term Incentive Comp for Management"

5)  The board can decide who he said it to.  Seems it was to all of us.
https://t.me/oysterprotocol/287622

2.)  That will be paid in this quarter and ofcourse it'll be after the mainet launch and the team deserves it. No where it was mentioned that the team will be paid before the product launch.
5.) He's addressing to all the ppl that are asking the same question and drawing the conclusions. Note:-There are others too in the group who waited for the reply than drawing the conclusions.

Once again I will let the people decide.  It seems very apparent to me what was said.

Thanks to the author and everyone who cares about the lies of some projects that, due to the active community, are trying to create a value for the token, which is immediately sold when arranging a price collapse. Often the developers merge their coins. Although they must do this last,imho

Invest on how much you can afford to loss to avoid loss more than our power of money so when you face this loss in scam project so you will not be really stressful.
Avoid to invest only one token if you want to be safer. But invest in one token sometime give us more chance to get very much profit so now its your choice.

You mean they were telling people the airdrop was 99% for the last few weeks and then today the project lead said whats below?  All while selling coin for "compensation" at a higher priced based off the false news.  Good lord that is really bad.  

https://t.me/oysterprotocol/287453
https://t.me/oysterprotocol/287587

I pray he didn't get to sell the 6.7 million yet at those inflated prices.

Thanks to everyone in the Bitcointalk community for looking out and exposing these scams.  With links!!   Its great to know we are keeping an eye out for each other and doing our best to expose these scams. 

Not sure why the CEO is shown as a blue ball & I will keep a close eye on this project. Sometimes people spread FUD so they can create panic and get tokens for low price...

For the time being, I will be waiting for the market to recover before adding this coin to my portfolio.

I still remember when the token was 2 cents but I didn't buy any because the team only consisted of 3 people back then, the ico didn't do well and Bruno Block was anonymous. Oyster jumped from 2 cents on 12/11 to ath of $4.80 on 01/07/2018. Less than 1 month. With $10k, you could have bought 500,000 pearls and became a millionaire in under 1 month.

I still believe in the project. They rebranded, released a testnet, hired Chris Gardner as new CMO, etc. If they wanted to take the money and run, they could have done it in December/Jan. But they didn't and it's April.

And what if Bruno Block is Satoshi Nakamoto?

Zcoin Monero and Onion is anonymous project too

I was suspicious of them from the start.

Every now and then there is a coin that gets shilled hard here in the altcoin forum.  Bitconnect, verge, bitcoin fuji, and oyster pearl about three four months ago.
I am always suspicious when a no name, no use, shitcoin suddenly gets pumped and pushed hard.
Many jumped onto these forums proclaiming it to be better than iota and a hidden gem and all that.

I tested it out and wasn't really impressed.  Nano (previously raiblocks) just blows any "3rd generation" coin out of the water and it has market awareness.

And now this.  This is the magic of blockchain tecnology, it is all algorythms and mathematics, it doesn't lie.
So if you see that large amount being dumped on you, then that is exactly what happened.
They can deny or change the narrative as much as they want, but it doesn't change the facts.
that's why it is important to looks at things like a projects github or just explore their blockchain.
If it's hard to make sense of the tech side, just screenshot it and ask about it on reddit or here, there is always a techie that can interpret it for you.

Good luck to all of those heavily invested in oyster pearl.
You are going to need it.

The current obvious oyster is inconsistent with their statement.
although this project is great at the beginning if like this they remain shady and no clarification of what happened they will disappoint the person who supports his project.

This is a great comment. 

I am guilty of falling for the pump and hype.  I'm very disappointing in myself for falling for it especially since the project lead is unknown.

I visit the telegram occasionally and they straight lied to the investors with the 99.99% shilling from the admin team.  Come to find out when they get caught with their hands in the cookie jar all of a sudden they had issues with Kucoin for the last 6 weeks.  They will say anything to get one more dump on unsuspecting investors.  The links are here to prove they lied.

The telegram is an echo chamber filled with about 15 fan boys (may be the dev team with multiple accounts) acting as if this is all legit and nothing was done wrong.  I'm glad we have BCT as they cannot censor the information here. 

What? This is so embarrassing. That's why I still don't trust 100% of ICOs that have an anonymous DEV or team.
Let's make this cases for a lesson learned. Crypto is a very wild world. Always take a precaution every time.

Looks like they will censor things now.

https://t.me/oysterprotocol/289089

The only reason he tried to stay anonymous is because of the anonymity(lol someone in the above are comparing a privacy coin to the privacy storage.)

Half of these guys have no knowledge what this coin is about and dont even read the otherside of the story and pass judgements.
There is already a reddit post in which they gave all the clarifications, but the funny thing is even reputed members(who has a ranking more than jr.member) making such comments without any proper research.

Anyhow for now we are enjoying with the official announcement by kucoin.

You should have half expected this. I avoid any project where the people behind it want to remain anonymous. It is just to easy for them to scam without any reprecussions.

If insiders are dumping the token, it doesn't exactly make the token look appealing to investors. If insiders truly believe in a project, they not only won't sell their tokens, but will instead buy or acquire more.

I got banned from the telegram for criticising how the lead is talking to the community. He said "frantic chicken" and told some people to"apologize publicly". Also they deleted all of my comments and all of the replies to my comments so noone can see that I was just respectfully and calmly stating my opinion... Pretty sad since I really believe in the project. I'm just gonna take profits here and sell everything I have. Sad

Bye i am glad you are selling. i will buy your pearls with a smile on my face.
Please don't cry in a corner when it starts to moon.

I also hold the opinion that the project is serious. It is evident that the guys are working on development. This is one of the most successful of my investments, so I prefer not to trust rumors, especially since for every word of these rumors, there is a sane response from the team.

This is the first airdrop announcement for a coin from Kucoin where the price does not skyrocket.  The damn dev team is dumping into the buying.  This thing is going to dump with no pump by the end of things. 

Oyster Pearl clearly was bullshitting us by telling us the airdrop was 99.99% when in fact it was not as proven by the telegram evidence provided.  Hell they even had a bot telling us it was all but done. 

https://t.me/oysterprotocol/287453
https://t.me/oysterprotocol/287587

Then they say oh yeah we moved the 700k to Kucoin but we didn't sell.  WTF?  ::)  these guys just move coins to Kucoin for the hell of it?  I don't think so.  Well if they didn't dump we know why the price is stuck after the announcement.  It's because they are dumping.  Its either that or the community is dumping.  If they have not dumped you know the 700k is going to get dumped on you eventually along with the other 6+ million pearls they moved from the dev wallet. 

Also if they lied about this can anything be trusted by this project? 

Now it turns out they are going to censor the Telegram channel so that may not be the best place for news anymore as any legit conversations appear to be censored now by the undercover leaders own admission.

What a mess.

I saw you (or someone with a handle close to your BTC name) were in there getting hassled for asking legit questions.  Those boys don't allow anything that is not cheer leading and hyping Pearl.  Pretty bad when the project lead hires a firm to take care of marketing and spouts off the most bizarre things in a rampage of emotions (kinda reminds me of the EBTC guy - check that chart out).  I wouldn't expect the leader of a serious project to call his investors names, allow admins and his telegram bot to spread false information as they dump Pearls on the market and now being proud of his censoring of the channel.

If you don't believe it go in to telegram and ask the hard questions and demand real proof.  They will first attempt to bs you and if you become persistent you are banned. 

No project can live being run like this even if it had good intentions.  Let alone this calamity.

Yeah kind of a bummer since I had quite a big amount of my portfolio in PRL. I even gave the team credit for at least trying to solve the situation and not just ignoring the community, but when I critizised the lead just in the slightest he banned me and deleted all of my comments.

Sure, buddy. They might moon, it's a decent project, I'm not denying that. But how the lead talks to the community and handles
things is just unnaccetable so I'm just taking my current profits. :)

I held over 100k and dumped all as soon as I saw Bruno say he had having trouble with communication for over 6 weeks with Kucoin.  All the while the admins were saying we were 99% a sure thing on Kucoin.  They were straight lying to us.  If they sold during that period (which they have admitted to) it's insider trading and illegal.  I'm writing to the SEC this week and see what I can have done as they are incorporated in Delaware.  

Then when the admins act like they are not going to sell the 700k even though it was moved to Kucoin you know the fix is in.

I also notice they are scrubbing posts in the telegram channel as well trying to get rid of all the 99% talk.  

This is like watching a professional tennis match of back and forth. I'm not sure who to believe, but I guess this is what this forum is designed for when something like this happens.

I think this medium post just released by Oyster sums up how much of a scam it is.  

https://medium.com/oysterprotocol/changes-to-community-operation-e8081837e44a

Could you imagine if a large corporation put out something like this.


"After fully reviewing the situation, it has become clear that a single person created multiple personas to create dissent and confusion within the community to lower the price of PRL and buy in at a discount. Since there were many personas, it is possible such a person used bots or other people to aide them in lowering the price. Either that or they somehow spend their entire day creating new accounts."

What kind of bot automatically writes content?

Is there any proof these individuals bought?  Even a s*it coin like EBTC had a bigger pump than Pearl had on a Kucoin airdrop announcement so this huge coordinated attack to gain cheap Pearl caused zero upswing in price.


The real reasons the price tanked is because:

A) Oyster Pearl lied about being 99% certain Kucoin would support the airdrop when Bruno himself wrote the following:

         https://t.me/oysterprotocol/287453
         https://t.me/oysterprotocol/287587

B)  You removed 1/5 of your dev funds in 1 quarter

C)  You are censoring anyone who calls you out.  Your censoring because you can't answer the hard questions.

D)  You moved 700k to Kucoin and then acted like you were not going to sell it.

         https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7


The price lowered because your lying to people and anyone with an ounce of intelligence (and not protecting their position) can see right through it.  The links are right here for all to see.

Most of these concerns were nothing but FUD man. The only decent concern i see here is that the lead developer is anonymous and he is very open about it in the community, so whoever is interested are going invest in it.

Coming to the topic of harsh language towards some of the members , you guys should've seen what kind of atmosphere was created by these fudsters simply repeating the same question over and over again without even letting the team answer. I am sorry that one of the genuine holders was banned in the process because the team had faced a similar situation in the past because of some fudster.

  There was a guy called JULLZ in telegram group that created fud last time and tried to msg the group members privately to form a mafia and dictate the market. He is the same guy that came with a different telegram handle Jon and started it again.

The 99% talk is still there please go and search again. COmeon ppl there are bunch of complain posts about kucoin promising something and not fulfilling it, this is the same Complaint i have seen in some other crypto communities.

Anyhow it's up to you guys whether to trust it or not but just do some research before drawing any conclusions.

Tons of accusations.  Zero Proof.  Funny as hell John Snow got famous.  For anyone who missed it he is the guy that put this link in the Telegram chat (https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7)  As you can imagine it caused Bruno to freak out and it appears Mr. Snow is still in Bruno's head. 

https://medium.com/oysterprotocol/changes-to-community-operation-e8081837e44a

Desperation is a stinky cologne


Can't wait for Bruno's next outburst.  This is getting fun.  I was going to leave it be but Bruno wigging out is just to funny.  Balls of steel hiding behind his computer pretending to be a big blue circle.

Go ahead and invest boys.  The water is nice and warm.

Also remember if they didn't dump the 700k its still in Kucoin so if you get dumped on it wasn't because you were not told.  You can trust em.  They won't sell.  They promise. 

If the 99% talk is there my bad it appeared to be gone.  I still do not see it but its a good opportunity for everyone to see they were saying all but done when it really wasn't (if its really still there).  They were also selling at the same time. 

Here is more trading information being given to the telegram community before anyone else could receive it.

https://t.me/oysterprotocol/288151

You could maybe try to get in the Telegram chat wait for them to release info just to that group and then profit.  This just feels scammy at this point.

Nice try but I'm not selling mine for cheap BTC.

A lot of people already dumped and I also dumped today because it is too risky for me... I also think that Oyter pearl will see some heavy dumps after the Snapshot for oyster shell is done.. Just saved my profits here!

This embarrassment to prl team if this was not true. However if this is true then prl team have the full responsibility to fix this issue to maintain their founded good name on its beginning in crypto. I look forward as member of this forum for their good to fix it as soon as possible to continue on crypto with strong development of relationship toward the inner team and the supporters. I hope that they will not be destroy for they are actually one of the potential coin in my mind. Goof luck to everyone

The amazing thing is the guy that got blamed in the Medium article was one of Oyster Pearls  biggest supporters.  I think his exposing the 700k being sent to Kucoin is what got Oyster Pearl and Bruno so mad.  I guess they need to sell them Pearls desperately they took the first person they could find.  The main issue was Bruno got caught and is now looking for a scapegoat.  

https://t.me/oysterprotocol/290543

Here is the medium article where Bruno blames him and makes accusations with 0 proof.
https://medium.com/oysterprotocol/changes-to-community-operation-e8081837e44a

This is so unfair, i thought that they were going to burn some tokens, but instead of this they dump 700k tokens to the already big supply, and now the price is only 0.86$ per token.

I'd like to thank everyone for putting their two cents in about this project.  I've been following it for sometime, and was considering buying, especially before the airdrop.  However, I'm not so sure about that any longer.  The concept and idea behind the project is still very interesting and seems worth investing in, but the actual company/group putting it together has me turned off now.  

I get you don't want FUD spread about your product, that's self explanatory.  However, to censor what people are saying, even the "idiots" or "chickens", is a disservice.  It's like a slap in my face, because now the PRL team is telling me that I must too stupid to be able to pick the FUD from the real information.  Smart individuals can read and see the FUD, you don't have to censor it so we don't see it.  

You want to stay anonymous, that's cool, I guess I can understand it.  But, really, let the adults read for themselves and decipher what's FUD and what's not on their own.  By censoring anything at all, and saying that you will only keep posts on your social platforms that conform to what you want them to say, seems shady to me to say the least, even if you are simply just trying to "swat the fly away from the food".  I'm a big girl, I'll swat the flies away from my food myself thanks.

People come on to the forums to discuss and share information, both good and bad. Thanks for all the info here about oyster pearl. This is why you have to do your own research before getting into a coin.

What is that exactly you are trying to show....Seriously that is question here?
If i am not wrong someone asked a question about official kucoin announcement regarding  the airdrop and the support, For that the admin replied to that and how is that a trading information... That is what all the communities do and moreover the never said which time , I am sorry you might be new to the crypto world and the telegram communities just go and check any tlelgram group and see the questions and answers regarding any announcement.

Dude what a joke man they already burned 10 mill of dev possesions in march you can go check it in the blockchain.
The team did mention in a medium post in early feb that every quarter they will be releasing some percentage of their dev wallet tokens for operations. So yesterday was the first of new quarter.

Come on buddy i hope you do you research about the previous events and posts and then post your concern.

They are literally calling every person that does not support them an identity of this John Snow guy.  Problem is there is no proof of any of these accusations.  The only proof is the original guy who got blamed for this coordinated attack giving praise to the project and supporting it.  

Everyone should go to the telegram and ask hard questions before investing.  See how it goes.  

Exactly, you should clarify your concerns before investing rather than just following this shilling or fudding posts on bitcointalk or reddit etc etc.

Is there official information about what is confirmed by the fact of their fraud? Describe the situation in more detail. Thank you.

These were the two recent posts from the team
https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/
https://medium.com/oysterprotocol/changes-to-community-operation-e8081837e44a

THis is where you'll find all the information in the medium post .

https://medium.com/oysterprotocol/latest

Also check about issues with the kucoin some other coins faced
https://medium.com/verifyas/our-kucoin-listing-nightmare-and-why-its-the-last-place-you-should-list-3af019e4e7f6

There was nothing than plain accusations. The team released a medium post in early feb that they would move the dev funds every quarter and slowly release that into the total circulation and april first was the start of the new quarter and they moved the funds.
The hell broke loose

The hell did not break loose because of the 700k (out of a 6.7 million they put in circulation) that moved to Kucoin.  The hell broke loose because they had been telling us everything was fine with Kucoin when it obviously was not.  Furthermore they were selling Pearls on the open market while telling the individuals in telegram Kucoin was 99% a done deal when it was not.  This is illegal in a normal investing arena.

Also check about issues with the kucoin some other coins faced
https://medium.com/verifyas/our-kucoin-listing-nightmare-and-why-its-the-last-place-you-should-list-3af019e4e7f6

Kucoin sucking is all well and good but it does not negate the dev/admin telling people that the airdrop was all good, while selling, when it was not. 

The team did mention that they thought it's in place because of their earlier discussions with the kucoin support.
Anyhow it's up to you mate.

My request to most of you guys. Just dont draw conclusions based on few random posts, if you have issues or concerns discuss with the team and/OR do some research. Dont invest if you are not satisfied it's as simple as that.

Some random guy on the internet calls scam and the price drops lmao.

Unfortunately this is very true in this crypto world. This can happen to any coin, so its our duty as an investor to do some research on what's right and what's not than drawing conclusions based on few random posts.

I just dumped my Oyster.  Bruno Block appears to be inept especially in the PR department.

This article he put out shows he is not ready to lead anything.  What a disaster.  He would have been better off not saying anything.  He provided 0 proof.  Just accusations.  How would he know the trades that others completed?  Does he have insider information form Kucoin about our accounts?   He is grasping at straws trying to blame anyone but himself.

https://medium.com/oysterprotocol/changes-to-community-operation-e8081837e44a

I mean really?  What investor is going to drop serious money on a project with nonsense like this coming out.  He needs to let the PR firm handle things.  This guy must be inexperienced or completely out of control to respond like this with investors money at stake.  I can see Bill Gates now putting out a press release because someone spread fud on a yahoo board.  Big boys ignore it.  Or prove the allegations are false with concrete evidence.  

He has yet to respond to the 700k and how much has been sold thus far.  Why not start there?  How about emails with date time stamps to prove he was not selling while he knew communications were going bad with Kucoin.

blablabla you won't get me to sell my pearls, loser!  >:(

Thanks for the detailed post, a lot of useful information. There will always be supporters and opponents of the project. Bruno flatterers himself when he says that they are deliberately inducing trouble to buy a token cheaper.What's good in oyster?

Agreed there are always supporters and opponents for any coin. But why all of a sudden these opponents rose from the dead ,when the team already said that they would move the coins quarterly and slowly sell.

First all of this ico hardly made 200 ETHS so the dev had to sell 5 million tokens at 6-9 cents price range to fund the initial two months. In the early feb the team published a detailed post on how they would sell the coins quarterly for operations etc etc and genuine holders are aware of it. It is just the day traders who heard this airdrop came to the picture just to flip got burned because they didnt knew that what this quarter is going to bring them.
 
So now they started this conspiracy theory. Anyhow goodluck boys karma is a b***h it never leaves a wrong doer

Packers1985 that's your 21st message in this thread.  Do you work for Oyster Pearl?

Remember Karma.  If people have been listening to you in the last 24 hrs they took a bath while Bitcoin is rising.  

Looks like you been shilling for a while. 
https://bitcointalk.org/index.php?topic=2871053.0

I'm worried about what happens when BTC retests 6k and the airdrop hype is over. Esp now that 64 GB peg has been confirmed for launch.  That was the lowest possible peg they said they would go.  Anyone buying now is taking a big risk short term.  Look at EBTC to see what happens after an airdrop on Kucoin. 

They're already people in the telegram chat asking about the block height and trying to figure out how soon they can dump.

I may pick up some pearl in the 5k satoshi range where it was right at the airdrop announcement. 

Feels like they rushed out the Kucoin announcement and blew their load.   

Haha if someone tries to educate the ppl against FUDDERS they'll get labelled some so and so...
And coming to shilling that is not shilling mr. Sharing the information to the holders who are not always up to date with the latest news. BTW who cares whether someone is listening or not all i am doing is just educating few ppl from some fudders who make non sense claims.

Before I dispel all the FUD, this person is impersonating me, or it's a massive coincidence. My name is Jullz, as most of you will know from the Oyster Community.

Where to start? Do I dispel the FUD first or prove you aren't me? Think I'll dispel the FUD first.

The first false claim you made was "Oyster Pearl dev team just dumped 700k PRL and then informed everyone about a delay in the airdrop". This is simply untrue.

Yes, 700k PRL was moved from the Oyster main wallet to Kucoin as shown here -https://etherscan.io/tx/0xea4f19d47b040d8d1f760bac77857971e4dc9fe5f4f696cf2a8e11c788c64413

If you follow the trail, the 700k came from the main Oyster wallet, through a few other Dev wallets and finally to Kucoin. However, to claim that they have sold all 700k already is a lie. The volume on Kucoin simply isn't enough for the team to dump 700k in one go, look at the buy orders. It's impossible.

In addition to this, we was all aware and told a few months in advance that the team were planning to move funds on a quarterly basis to support the development of the project, pay exchanges and pay the developers. This obviously involves selling PRL in order to do this - this isn't a charity, operations and labour cost money. The timing was unfortunate, but the team only found out that Kucoin wanted to move the airdrop to the 17th a few hours after & the team told us immediately and as you can see, there were always plans to sell on April 1st/2nd. Here is the medium article from the CFO explaining this. https://medium.com/oysterprotocol/oyster-pearl-team-update-4-f2cc22eca1a7

One last thing to remember is this, The ICO was simply heavily underfunded and only raised $75k. Nothing compared to many ICO's which have raised millions and are less than half the project of Oyster. So it's obvious that the selling of PRL is needed in order to fund the project. Oyster is honestly one of the most transparent projects in Crypto, amazing professional team. I'm not just saying this, as most of you know I've clashed a lot with Bruno the CEO, yet I still see the massive potential of the project.

The second false claim you made was that "they are also attempting to deny it, however the blockchain doesn't lie" This was also not the case, just a misunderstanding.

Bill, who is apart of the Oyster team was one of the first on the scene and genuinely didn't know what was going on. He didn't lie, he obviously just didn't get memo as of that moment and if you've been apart of the community for a while, you would know that Bill is one of the most liked and charismatic members of the Oyster Team.


Now, I was thinking it was going to be hard to prove you were not me but in fact, just looking at your post history, turns out it could be a coincidence. Your name is "Jules Johnson", you have links to a twitter and telegram account. You've been posting on Bitcointalk for like a year, but as some of you may know in the Oyster community - Jullz wasn't the first name I had, it was simply "crypto". You haven't claimed to be me to be fair, so yeah, although everyone thinks you are lmao.

TL;DR stop with the bullshit fud.

I will be creating a thread shortly, dispelling the fud and then talking about some positives of Oyster and why current price doesn't matter and how it's easily one of the best investments in crypto at the moment.


Jullz

P.S. I have never used Bitcointalk, this is my first post.

I dont know you are JULLZ or someone else. Dont show the facts buddy u'll be labelled as some so and so.
Here few of the day traders were mad becoz they didnt read the medium post about the team funds and got screwed that is why this bitterness.

Bad news for ICO. We have to organize and create some blacklist of owner.

Sorry for repeating but these Oyster boys are creating strawmen.

The hell did not break loose because of the 700k (out of a 6.7 million they put in circulation) that moved to Kucoin.  The hell broke loose because they had been telling us everything was fine with Kucoin when it obviously was not.  Furthermore they were selling Pearls on the open market while telling the individuals in telegram Kucoin was 99% a done deal when it was not.  This is illegal in a normal investing arena.

Really? Is this all true? Oyster Pearl is one of the coins I look up to. was even planning to trade my coins for it.
Anyway, thanks a lot for the heads up you guys.
This is a great help.

1985Packers 23rd post in this thread.  Go for 50 man.  Your shilling your heart out while ignoring all the facts.  Bitcointalk is too smart for your tricks.  They can see your a 1 man crew in here attempting to trick investors to gobble up some of that 6 million tokens.  With only you in here and Bruno pretending to be Julez who is going to buy all those coins?  Look out below.  

Just read the project leads medium post.  Sound like something you want to invest in? 
https://medium.com/oysterprotocol/changes-to-community-operation-e8081837e44a

well, they did a good job in convincing me to run away from this one.  good or not, good lord who wants to read/see/hear about all of this drama, especially when you're investing hard earned cash into it.  no thanks.  I'll just wait this one out and watch.  Guess we'll see in a few months if this is FUD or fact.

Guys, huge discovery on diegodog, runningfast, simp47-people spreading fud on oyster pearl

Look at their post history:
Diegodog
https://bitcointalk.org/index.php?action=profile;u=1024354;sa=showPosts (https://bitcointalk.org/index.php?action=profile;u=1024354;sa=showPosts)

runningfast
https://bitcointalk.org/index.php?action=profile;u=1250023;sa=showPosts (https://bitcointalk.org/index.php?action=profile;u=1250023;sa=showPosts)

simp47
https://bitcointalk.org/index.php?action=profile;u=1069766;sa=showPosts (https://bitcointalk.org/index.php?action=profile;u=1069766;sa=showPosts)

What do they have in common? They all joined the same bounty campaigns run by Sylon and no other bounty campaigns. And they joined the same airdrop!

Why would they only join Sylon twitter campaigns? His twitter campaigns don't require reports. Basically the same user created multiple accounts and twitter handles to get more stakes. So the three above are the same people.

*mic drop*

There's other users who follow this pattern too. What do you guys think?

Oh it makes another FUD again.
I'm not totally believed that the other said it won't not help if I believed that. Hold and wait on what will be happen that is only that i choose.

I posted this in the other thread as well.  My bot it tired and asked to take a break so i am reposting.  Sorry for the humor on the bot.  I'm being accused of being a super bot that can make personal and customized responses on the fly.  These guys must really need to unload their positions. 


Wow I'm part of a conspiracy.  Cool.

I think any real reader here will realize there are absolutely no answers to the points being made.

--

Pearl sold tokens knowing they did not have Kucoin 99.99% locked down while telling us they did.  Links in the other post.

There was a large dump that took place.  As seen on Kucoin.

Bruno censored the group and made false accusation with no proof in the medium article and made a fool of himself and his project.

Price started dropping as soon as Bruno made his foolish Medium article.

Investors scared of the news attempting what they can to prop price up so they can dump on forum members (along with the 700k + 6 million coins Oyster will eventually dump on them)

--

Those are the facts.  Anyone can go out to Kucoin and see the HUGE sell walls out there.  Anyone can go to medium and read the doozie by Bruno and judge for themselves.  They can also go to the other post and see all the links to the telegram chats for evidence and make up their own mind.

After looking closely.

I am almost 100% sure the fud posts and responses are bots.

Notice how there is always a double space somewhere in their response like this   you see?

Also look at their post history.

Someone wants to get Oyster bad.

I'm done replying to these Bots.

I   guess if   your   dumb enough   that   there is an intelligent   bot   capable of responding to   posts in a forum   your a prime candidate   to get into   Oyster right before   the airdrop   dump happens.  Sorry I couldn't help myself

Don't you just love how they are incapable of answering the questions.

I'm surprised Jullez  didn't come back with "But we knew since February they were taking funds out"  argument that totally skirts the issue.  Hopefully he is done embarrassing himself.   I may have to take back that he is Bruno.  I think even Bruno is more educated on what is and is not possible with bot technology.   

All talk about dumps of pearl are now being censored on the telegram channel.

Guys please research tokens that have airdrops such as these and see what happens as the airdrop approaches.  Once good example is EBTC.  It just recently happened and was almost an identical circumstance.  Some people may not even know what hit them.  The first part of the dump happens prior to the airdrop (traders).  The next drop happens after the airdrop as everyone rushes out as its common knowledge the dump is coming.  If you only go to the telegram chat you would think this thing would be heading towards 5 dollars any minute now.  PRL didn't even pump on the announcement so the potential for a bad loss is present.

Below is a chart for EBTC.  They airdropped the Eproxy token 1:1 to all holders of EBTC.
https://www.kucoin.com/#/trade.pro/EBTC-BTC

Be careful out there.  Make your own decisions. 

It's very unbelievable that Oyster Pearl will do a think like that but I think we should be patient to hear from the Admin if they might have a different view about the whole issue. I personally don't support scam projects.

Is it actually confirmed by the admin or the developer? maybe you just misunderstood, dont spread words that may affect an altcoin in the future. put some reference on your post so we could have a basement to judge if its true or not.

Guys! Don't be idiots and fall for this kind of FUD. If you would have spent a few minutes of your time and look at the project, you would clearly notice that the team is very professional and communicative. Don't be so stupid and believe everything people post but do your own research!

I'll give you hint - do you really think a scam project would

1. burn 10 Millions of coins, like Oyster did: https://medium.com/oysterprotocol/oyster-pearl-team-update-4-f2cc22eca1a7
2. has delivered a working product, like Oyster did: https://medium.com/oysterprotocol/testnet-b-released-22f11b0eaa28

There is so much evidence out there what proves how awesome the project is. You just need to go out there and pick it up. But a lot of people are just too lazy and just believe the FUD spreading group. If you are one of the FUD believers .. here comes another little advice for your life: Don't believe everything you read or hear. Not here, not in the news, nowhere. Be critical and do your own research. Stop being a fool.

Turbidity project ..... I would not want Oyster Pearl to be another well done scam .... Guys pay attention, do not invest all your money in a single project ....

because they're all is too stupid... its simple man, if project is not clear, and you still investing on the project, isn't investing... its called gambling....

Noise created a lot on the subject. As a result, I still did not understand whose truth. There was one project OTHO.So there the developers announced the listing for the Kucoin, and they themselves poured out their coins on the delta to the joyful hamsters.

The censoring going on in the telegram channel is truly shocking.  Go in there and ask questions.  You will be amazed.  North Koreans have more freedom of speech than this.

Pump talk if fully allowed though.  

I'm beginning to think they asked for the delay so they could dump further going into the airdrop.  Once people wised up to the game they couldn't unload at the higher prices pre-airdrop.

I am the biggest supporter of Oyster Pearl since last year but today I should dump my PRL and divert it into other more promising altcoins.
They're dumping loads of PRLs that made it dropped badly so investors and traders were indeed affected and thinking they are making an exit scam and totally leave Oyster into the thin air.
Their community managers aren't that friendly and will ban you if they don't like your inquiries and suggestions.

Members of their channel will think twice before hitting the comment because if the community managers don't like your words then you'll be banned and they won't require any explanations.
Trading discussions is prohibited but recently they created Oyster trading but they had to ban hundreds of members before realizing that their new channel is more important that their main channel.
Their community managers aren't that professionals and censoring the discussions is not the ideal community group of a crypto.

There's a higher chance that the lead developer (Bruno) will leave the project because when he launch the main net in the next few days, that's the reason why PRL will somehow pump then that's his good timing to sell his coins and leave the community for good.
That's because He is anonymous and even the dev team behind doesn't know him until today.
That's ridiculous investments and I rather invest into some good promising ICOs and new altcoins than supporting a crypto project who's the lead dev is unknown and anonymous.
Stupid project, really.

I, too, had been supporting PRL eversInce. However, I still believe that this project will push through and will soon attain success after the release of the mainnet. I am a member of the their telegram and I haven't notice any change in behavior of the relegram moderator or the team. In fact, the team still interact with its members from time to time which makes the claim that they are a scam, highly unbelievable. I will still hold.

The price has dropped sharply, people are losing confidence in the project. Such developers activities contributed to this.
I am losing money and I do not know who to thank for it .... anonymous clown Bruno.

Blame those who sell the news.

So this is is a scam 100 percent?

What happened to EBTC last year, scammers got into play and then after a few months a new coin was developed the new EBTC, but the old EBTC is still active and people are still on it and trading with it. Someone here said that it is only 700,000 that we are dealing with here and that is a low amount compared to the total number of coins. I think this will continue despite the setback.

People come on to the forums to discuss and share information, both good and bad. Thanks for all the info here about oyster pearl. This is why you have to do your own research before getting into a coin.

 I think you are right in your advice, it's today I am hearing about Oyster Pearl scamming people. This is absolutely wrong for Oyster team because so many people trusted them. I would also support what my friend has advice about carrying a due diligent search before engaging in any project ICO.

Indeed, its not legit idea about oyster pearl and since last year it brought us profitable gains after this coins pumped up $4 in history. That's right many people trusted PRL coin, and its proven by history it reached to that profitable value. The developer of this project did a great job and to give a sort of advice those holders of Oyster pearl (PRL) must still hold their coins before bull run will happen.

A couple of days ago the founder sold 1.2m prl (which is more than 1% of total supply) because "he owed someone a favor"

Proof?

I'm also suspicious about the team selling some of their PRL.

Binance community voting in progress
https://www.binance.com/vote.html?lang=en
VOTE NOW !!

Top 20 exchange is a fact.
Listing will be realised the coming weeks i heard.
https://medium.com/oysterprotocol/oyster-development-update-exchange-info-and-more-e52c53e697e0

Bad news for ICO. We have to organize and create some blacklist of owner.

it is verry normal for any coins to pumped and dumped so i guess there is no need to panic. no one gets scammed here , you can only tell that they are scammed if their coin has been pulled out from all of the exchanges online but if that didnt happen then those claims that oyster pearl is a scam  are just only a hoax.

ive been hearing lots of good feedbacks before regarding on this coin , therfor i strongly believe that oyster pear is also a good coin with lots of potential to become succesful in the near future.

What are you talking about?

https://etherscan.io/address/0x4ab39e40b6c6fbe30f0ee52b8a131b0214ca5809#tokentxns

This is his wallet. Also you can see that he has transferred 1m PRL and 1m SHL yesterday. Such a shitshow...

Because the people is too stupid.

This is why I do not invest in projects which the creators are choosing to remain anonymous, before it worked out well when everyone still had a lot of trust in the coins and they knew that the coins were legit but now with so many scam coins in the market there is no way to tell how the coins are going to end up doing in the long run and being anonymous just gives them an easy way out

I agree, people should be proud of their creation or project so why become anonymous? Gather some money from the people who trusts you(i dont know why) and run away with it is the summary of icos in 2018 i think.