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Let me tell you about this project and their telegram group. Ive been invested in this project and believed in it since the beginning. But over recent weeks ive become suspicious and decided I wanted answers. So I sent this on the telegram group.
Nick:
I've been in this for a while but over the last two weeks some things have been bugging me.
1) Monero and Musicoin have made announcements about artists getting involved. Everytime someone brings it up with voise its avoided. Have any artists been approached? Are there any plans?
2) No mention of a coin burn on the white paper or road map but then you just decide a few weeks ago to burn 50m on xmas eve. Then you barely publicise it. Several people on here asked if it could get tweeted about so we could help you as a community push it out with retweets, but it was ignored. No public news on the burn at all today. Thats why despite the fact you're burning 50m coins today, the price is down. Down ffs. Literally every coin went up today and the coin thats burning 50m is down. WTF.
3) You say that this is an Italian company, but everyone and everything associated with it appears to be in India. Why is that?
4) can you prove you have a partnership with Forbes ? Because I don't see any evidence.
5)You tried to get listed on binance but lost. Stating that binance were difficult to deal with and were unhelpful. Why then are polls still surfacing asking if we should try and get listed with them again? If they are a poor company with bad communication, why bother trying again? Just try someone else. Or is it just to make it look like you are doing something?
6)You say you will be the first decentralised music platform, but other compeditors are leaving you standing. Your appeal of giving 100 % of the profit sales to the artist is already being done by Musicoin.Who are already on bittrex and are racing ahead of you. Vib are also well ahead of you with the web app.
Somebody said earlier, youll "give them competition".
What like when Microsoft released the zume to compete against the Ipod ? How did work out for them?
You keep telling people hodl and long term. How long ? Because musicoin and VIB are not waiting around for you to give them competition. They probably don't even consider you competition anymore.
I honestly think this coin burn was one last attempt to keep the coin alive and or for the Devs to cash out.
If this coin is still around this time next year ill come back and apologise, but I honestly don't think I'll have to.
The admins completely ignored my questions and this morning came online and started slagging everyone off for being impatient.
One of the admins then said " I can prove the messages we had with binance. I saved them".
So someone said ok, show me. I want to see.
The admin dissappeared and still hasn't replied.
Ive seen on twitter and on telegram group that the project is based In Italy. Yet twice today one of the admins has said the project is in spain ?
Everyone keeps saying that the devs arent answering as its xmas and they are with their families. So why schedule a token burn for xmas eve?
Someone answered up this morning and said the marketing isn't finished yet. So why burn tokens when you haven't marketed yet ?
And finally , when they were still called VSM they claimed they already had an artist signed. Who? And whats happening with that? Because it hasn't been mentioned again since the name changed.
People can argue me or stick up for them and that's fine, but my mind has already been made up.
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