What really struck me about Bitcoin and the world of crypto assets was that for the first time, you basically have access for people who otherwise wouldn’t interact with financial markets.
Yes, a whole new class of victims for the financial market predators to feast on   |
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No, it's not acceptable because "everyone does it" and it's not the traders: it's a deliberate fraud by the exchanges, as the report makes clear Listing Fees are Big Business
Based on information we’ve received from many tokens in the space, the average project spent over $50,000 this year in listing fees from exchanges on our Advisory List. This adds up to an estimated $100,000,000 stolen in 2018 from the crypto ecosystem.. and with over 50 exchanges wash trading over 95% of their volumes, this is a 500K a year scheme, with some exchanges making over one million dollars this year just from collecting these fees.
We advise any token project to contact us regarding any exchange requesting large listing fees, especially those on our Advisory List. Many of these exchanges exist solely to collect these fees while their bots run their exchanges. |
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 "Try to keep up. Somebody just evoked 'tern' three times on BitcoinTalk." |
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Sorry for your loss, but don't you do any due diligence before sending your coins in search of impossible returns?
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But wait.... straight after telling everyone the truth bad news, NELUNS decide they have found a quality, well established platform on which to list...TODAY!!! The World leading Bitc3!!!! To da moon comrades non-Russians!!!! Bitc3?  Bitc3? Not much to tell about a three week old "exchange" really, let's see: Registered as SINGAPORE FORTUNE VICTORY PTE.LTD (no trace) No social network profile (followers: 48 FB, 74 Twitter) An in house "mining" cash back token setup called "Genesis". No, not that one, this one.A Scam Accusation for fake team profiles hereA deleted BCT [ANN] thread (archived)Oh, and it's volumeless obviously.  A match made in Heaven, a token no-one wants listed on an "exchange" no-one uses. Be prepared for some silliness. 
And we're off, the first NLS trade is at $3.492!!!! Wait for the headline: "NELUNS MARKET CAP $608,835,371! To da Moon!"   |
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Well now, there's a surprise.... Our esteemed partners and investors!
We want to speak to you about the situation we all have to face at the current moment. The developers of Neluns are testing the Neluns Exchange and because of some technical and legal issues we have to delay the launch. The degree of completeness of the Neluns Exchange is 88%. At the present moment we’re considering some other jurisdictions to legalize the Neluns Exchange. One thing we can tell surely, we won’t choose the USA jurisdiction to prevent the problems for users and the platform and make it operate steadily. Approximate date of the launch of Neluns Exchange is March 31, 2019.
The second question that should be mentioned is when NLS token will be listed on the Exchanges. This is very important for us. You all know about the problems that had appeared around EtherDelta Exchange. Most of the Exchanges we tried to list denied or requested more than 1 million dollars listing fee. And they couldn’t even guarantee that NLS token won’t be delisted from their Exchange. We want to explain to you that token listing is just one part of big trading process which includes marketing, airdrops, advertising, exchanging from fiat and many other things which will cost more than $500K per month in addition to listing fee. We think this price is too high to pay to outside service providers. But we continue searching for partners among smaller exchanges which could ensure long-term stable trading of NLS token.
Therefore, listing of NLS token is expected on February on the condition that we will make a partnership with some Exchanges.
But of course after launch of Neluns Exchange we will list NLS token first and foremost.
We also work on getting bank license. It will take from 6 to 14 months.
The Neluns Team apologizes and beg you to understand the current situation.
Thank you! Our dear bounty hunters!
We know that you’re waiting for the token distribution. But because of the current situation and problems with listing and launching the Neluns Exchange we have to reschedule the distribution to March 31, 2019.
We are very sorry!
Please, be understanding and patient.
Thank you very much! Investards (rip) are not impressed. Ahahahahahah. Ok, now you have 3.5 months to to come up with a new excuse. Nothing new, just crypto.
And these guys tell us that they have collected more than 120 million in ICO, and they cant to provide listing on ex.
OK:
Zilliqa, 20 mil ICO - Huobi,
Wanchain - 40 mil and Binance.
Neluns - 120 mil and "Sorry guys, we cant pay for listing". Ahahahah.
Next - problems with jurisdiction, which appeared immediately after ICO. Have you thought about this before? New laws in the field of regulation did not appear during this time.
And you say you collected 120 million? Shame on you. However, they are getting to realize that there is absolutely nothing they can do about it, their money is gone, their bounty efforts go unpaid. NELUNS know this too, so "Lee White" isn't even bothering to ban and delete the dissenters. Maybe when hard woman "Leslie Haynes" looks in there will be some more quality Customer Relations  |
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An interesting read about actual exchange volumes. I haven't fully checked out the Blockchain Transparency Institute, but superficially they appear to be legit: with over 50 exchanges wash trading over 95% of their volumes Many of these exchanges exist solely to collect these [listing] fees while their bots run their exchanges.  Based on this data over 80% of the CMC top 25 BTC pairs volume is wash traded. https://www.blockchaintransparency.org/ |
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Based on information we’ve received from many tokens in the space, the average project spent over $50,000 this year in listing fees from exchanges on our Advisory List. This adds up to an estimated $100,000,000 stolen in 2018 from the crypto ecosystem.. and with over 50 exchanges wash trading over 95% of their volumes, this is a 500K a year scheme, with some exchanges making over one million dollars this year just from collecting these fees.
We advise any token project to contact us regarding any exchange requesting large listing fees, especially those on our Advisory List.
Many of these exchanges exist solely to collect these fees while their bots run their exchanges.
We also have data on fair listing fee costs for exchanges which are not using wash trading bots. We’ve had reports on fees ranging from 2BTC up to 75BTC. Read more: https://www.blockchaintransparency.org/ |
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I am not surprised by the additional 10% I have seen some sites[2] do that but I have not yet understood the economic feasibility of it? "Some projects are real and serve this service." [2] https://hiribi.comExcoin now pay 20% extra via Paypal for BTC, that's ~$800 a coin. I can think of no rationale other than money laundering/stolen Paypal funds. No-one pays a premium for no reason. Re: Hiribi, they appear to be in exit mode. Their $1 UK Limited company has been struck off. Not that I trust Trustpilot reviews, but Paypal seem to have wised up to what's going on Accounts limited for 180 days and no one reply email Paypal closes accounts and returns payments made by hiribi and block the fund 180 days. This seems to be the inevitable fate of serial Paypal abuse. |
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I have a feeling you'll be getting more of these notices.
Like 1431 more, maybe? Sadly most of those are bounty reports, which for some inexplicable reason are not against the rules. Go figure. But in between those reports there's some brilliant prose like this: A good project. Joined the bounty!
He/she/it is much more voluble on Twitter Hello, my friends, I’m sure that this project is very interesting, Very interesting project. Sadly most of those are bounty reports, which for some inexplicable reason are not against the rules. Go figure.
Figure it I can not. |
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My feeling is that we will leave as scheduled and on the terms agreed so far, that the backstop will be fudged.
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if you do 100 th
13 usd a day that is 390 a month for 7 s-9's and a one time fee of 49 usd
so the first month is 439 for 100 th
Alloscomp says 100TH will get you $467 at current difficulty, so that's $77 income net of maintenance against an initial cost of $49, $28 profit, 58% ROI. That's a very attractive return to throw a couple of grand at in current conditions. My initial point was not to shill for cloud mining but to ask where the hashrate would come from if they attracted, say, a couple of million dollars investment. At $0.49 Th, $2m would account for over 4m TH.
Just saw the conclusion you added there Phil this means one thing to me bitmain is betting on a massive short here.
so they get a sure 439 in btc and cash it out right away because they are thinking in 1 month coins = under 3000
Yes, that makes sense. Also, of course, it would make sense if their short bet was based on something they were about to do anyway, like dumping BTC for liquidity reasons. Maybe it won't be such a quiet Christmas and New year after all. |
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Total disclaimer here: I am not, and never have been, a clouding fan or advocate. But Rough price with no tax is about 175 a month for the 50 TH package. That's including the 5 dollars daily for maintenance.
Are we looking at the same thing, or am I being stupid? They are charging $0.49/TH/month. 50TH costs $24.50 for a month, at current price/difficulty mines $233.69 per month minus $195 maintenance ($0.13/T/Day*30*50), gives $38.69 back, = $14.19 profit = 58% roi. IF my sums are right, then the next question must be: why are a huge company essentially borrowing money at Payday Loan rates? |
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Whether it "reeks of desperation" or not, those are pretty attractive 30 day ROI's they are offering.
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Shit exchange lists shit coin.
Exciting.
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Unverified, anonymous, unregulated, offering 100X margin trading in some cases, exchanges sprouting like mushrooms in the dank, dark corners of offshore havens and basements all over the world.
What could possible go wrong?
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Just list them in date order of the original post, not by popularity or most recent addition. Bumping becomes irrelevant.
This might encourage creating new threads so more work for mods trying to weed out duplicates. A lot less work in the long run as it removes a huge incentive to spam. The mod just moves any duplicates to the original thread or trashes them. |
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"Announcements" are traditionally a piece of news about a time sensitive event; a notice appearing in a newspaper or public place and announcing something such as a birth, death, or marriage. Just list them in date order of the original post, not by popularity or most recent addition. Bumping becomes irrelevant. Anyone seriously interested in a particular scheme can watch it or find it thru search. |
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