Bitcoin Forum

First, I hope I am posting in the right section! This is a token investigation and it's more of a speculation of what is going to happen.

EO (https://eo.trade/) is supposed to have a $22 million airdrop (https://cointelegraph.com/press-releases/22-million-eo-coin-airdrop-holders-to-receive-44-862-535-eo-coins). Speaking with the team, I heard that you will receive around 8% of the tokens you have but...


DON'T RUSH! Here is what I found:

The Smart Contract (https://etherscan.io/address/0xd366908c2f249537f905bdae5a77272a9fbda127) address currently has 33k EO Coins left.

On the other hand, there are some 'fishy' accounts with more than 15% of the whole supply :O

This account (https://etherscan.io/token/0xd366908c2f249537f905bdae5a77272a9fbda127?a=0x9ef7637e9b07508f8a88ded6395d918a83cb5cfe) has 199,784,416.16 EO  (Yes, 199 millions or nearly 20% of the entire supply)

This account (https://etherscan.io/token/0xd366908c2f249537f905bdae5a77272a9fbda127?a=0x6a065f496a93cad6cc08e58c1fbeb39af467a72e) has even more, 235,482,686 EO (235 millions or, 23.5% of the total supply!).

You will see hundreds of transactions between these two big accounts, sending 1k-5k tokens to each other, most likely funded by the organisation to increase the volume and supply/demand. That's market manipulation at its finest, trying to increase the volume and get you to invest with them. If you already did, I wish you I'm wrong. If you didn't, I wouldn't take this risk.

The only reason why nobody should invest in EO is not only that, but 30% referral program sounds stupid. Nobody can offer that much unless they are willing to scam their customers. I wouldn't invest in a company who scams their customers

Thanks brother. I will slightly disagree on what you said and give EO what is theirs. Other organisations like Binance can offer up to 40% commission. Again, this is done through a strategic scheme which allows them to do that, with their BNB. If EO can do that, then it's fine but, I doubt it after all these suspicious transactions

I have invested in their project in ICOstage and now I'm getting really confused, cause i don't know what to think, it's a big company with already existing products so? I think we need to wait till february to see if the exchange gonna work fine. Maybe those 2adresses are unsold coins for burn? But why anyone makes transactions on it ??? Hope they explain something soon.

only a good news i got is all unsold token will burned on february.
more, i dont know,
i cant judge its a scam strategy
with a huge reff reward,
its not a big problem , i guess
since presale phase on another ico have a high bonus,
so, its totaly same for me.
also coin telegraph have a good reputation,
i think they will think back about their reputation to create a news about scam project.

It's a scam, A big referral means these scammers just wanna sell their tokens with big ambition to get money from others. I guess both of accounts have created by the developers to fool others. That was a scam project and everyone should not put their attention to that scam.

The whole EOS coin is becoming fishy and i really doubt is a good time to enter that market now I think it will be better to stick with your ETH is more safer than just blinding investing on eos give the coin time and lets see what comes out on it devs