I couldn't sleep last night! I invested in total over 400,000 dollars into this ICO and I am screwed. I lost everything. I am -97% of my initial money. I even took loans after I initially invested in the project due to the "community shills on discord". They deceived me to buy more before launching the great main net which is a total failure. They later banned me when I started to ask a few questions on discord and even called me a fool. YES! I WAS A FOOL believing these EVIL kids. I lost my mom due to the impossibility of covering her medication costs, my wife divorced, I lost my car, I am full of debts to the bank and to some of my childhood friends... The bank is calling me every week to pay... My life is ruined. I got fucked up by Nimiq. I am simply ruined and desperate due to these evil people Elion, Richy, Robin, Phillipe, Pascal, Marvin, etc... Damn ICO scam. Today is my last day... on this evil planet full of interest to scam the shit out of you for the god damn dolla'. At least nobody is with me now, so I can blow my brains out with my revolver alone... in peace and quiet... and leave this evil world for good... I will wait a couple more years to welcome in hell all these sneaky bastards who lost all my money. BE CURST!!! God will punish severely these sneaky bastards and make them suffer... They will suffer either in this life or ... in hell. Goodbye Rachel, my life, your dad always loved you and I have done everything... for a better future... One day you will understand...

I couldn't sleep last night! I invested in total over 400,000 dollars into this ICO and I am screwed. I lost everything. I am -97% of my initial money. I even took loans after I initially invested in the project due to the "community shills on discord". They deceived me to buy more before launching the great main net which is a total failure. They later banned me when I started to ask a few questions on discord and even called me a fool. YES! I WAS A FOOL believing these EVIL kids. I lost my mom due to the impossibility of covering her medication costs, my wife divorced, I lost my car, I am full of debts to the bank and to some of my childhood friends... The bank is calling me every week to pay... My life is ruined. I got fucked up by Nimiq. I am simply ruined and desperate due to these evil people Elion, Richy, Robin, Phillipe, Pascal, Marvin, etc... Damn ICO scam. Today is my last day... on this evil planet full of interest to scam the shit out of you for the god damn dolla'. At least nobody is with me now, so I can blow my brains out with my revolver alone... in peace and quiet... and leave this evil world for good... I will wait a couple more years to welcome in hell all these sneaky bastards who lost all my money. BE CURST!!! God will punish severely these sneaky bastards and make them suffer... They will suffer either in this life or ... in hell. Goodbye Rachel, my life, your dad always loved you and I have done everything... for a better future... One day you will understand

you are just an ass kisser. Most of the above are not right. You just stated right now on the telegram the following:




The project is dead and it will be dead. We are looking to hear a refunding option from Robin. It was supposed to hear today, but they didn't decide yet for the refund. We will wait for tomorrow to hear news from Robin about their decision regarding the ICO refunding. The project will be canceled and our ICO funds  will get back.

Community members are asking the same questions. Nobody wants to answer officially to these questions like the fact with villa, how much funding do they have, when bankrupcy, what happens after bankrupcy...

@coinfanatic thanks for your input. Yes, indeed the main developers are no longer interested in this dead project anymore. The Rust implementation is not even 40% completed and they didn't commit anything into the rust code for the last 2 weeks. They only created the data structure classes and nothing more. It will require at least 4 more months to work on the Rust code to do the networking part and everything else consensus. Surprisingly for them, Rust is not much faster than node.js and they also need a Argon2d C version compiled and not a rust native compilation version. Besides this, the network will be handled by Javascript / Node.js. So the rust version is a total failure as well.... just like their ICO project.

Yes, their trading volume is only 2000 dollars per day. Rest of it simply FAKE VOLUME

NIMIQ SCAM DETAILS. PLEASE READ AND FIND OUT HOW TO CLAIM YOUR ETH BACK https://bitcointalk.org/index.php?topic=5093962.0

NIMIQ SCAM DETAILS. PLEASE READ AND FIND OUT HOW TO CLAIM YOUR REFUND https://bitcointalk.org/index.php?topic=5093962.0

Being an ICO investor and holding my coins for over a year and a half I decided to do some analyzes behind the nimiq. After reading some of the other users complains and some of their findings about NIMIQ project, I decided today to spend a couple of hours to create a comprehensive list of information that indicates that NIMIQ is doing a scam operation that sounds legit to some.

1. Nimiq was not registered as a legal entity during the entire period of the Initial Token Offer (ITO). So, Nimiq Team was NOT registered during the fundraising with the Initial Coin Offering (although they were selling tokens). Moreover, during the entire ICO period, they didn't have any KYC. Only after the ICO ended, they created a foundation and hired a company to be in charge with the process of KYC to convert the NET (Nimiq Exchange Token) to NIM the coin. They have registered the foundation in a special place in Switzerland to allow them to move the funds without publishing any information about the foundation and in which ways they were incorporated. By this time, nobody except them doesn't know the board of the Nimiq Foundation. Information like who is in the foundation, who administrates the foundation, how many people are in the foundation, who is in charge, how much funds did they declare, who is paying who. Is the Costa Rican villa administrated by the Swiss Nimiq Foundation? All these questions were never answered by them. Everything is total shady about their foundation being registered in Switzerland. I repeat again that the foundation was created a half a year after the ICO was ended and the 12.8 million dollars were collected

Because the Foundation was registered after many months of the ICO period, and the KYC was started in January 2018, an ICO refunding can be done on Nimiq and SEC can commit Class actions against them individually. Basically, they ICO smart contract was developed by some individuals and the entire process was directly handled by these people: Robin Linus, Elion Chin (their investor), Philipp von Styp-Rekowsky,  Pascal Berrang, Marvin Wissfeld and Ricardo Barquero.

Moreover the domain nimiq.com was a Real Estate company owned by Elion Chin and some users on telegram posted web archive proofs about this claim. They never explained how they got the domain nimiq.com https://web.archive.org/web/20101001032656/http://www.nimiq.com:80/

2. Beside the ICO, they even pre-mined about 7.5% of the entire network into 3 addresses.

A) Foundation
B) ImpactX Charity
C) Early contributors.

3. The biggest issue I see in the project is that they declare that 2.5% of the funds were premined and they go to ImpactX Charity Foundation. Nobody and they never published what is ImpatX Charity Foundation. We don't know if the ImpactX charity exists, who decided that the funds should go to ImpactX and not to OUR KIDS FOUNDATION. Is ImpactX Charity Foundation registered? Who administrated it ? I believe the 2.5% charity foundation was just another "nice" lie to hide the fact they will keep another 2.5% of the funds to themselves that this "ImpactX Foundation" doesn't exist and it will never exist. Moreover, they never explained who the Foundation, ImpactX and Early contributors own the vesting about? Is it a single owner or is it a multi-signature wallet? Is the private key owned by whom? Robin, Richy, Elion or by who?

4. Another scam point is that they declared in their transparency report that they invested 1.1 million dollars into "real estate". They never explained this. It looks like the Foundation paid 1.1 million dollars from the ICO directly to Elion Chin  (who owned the Costa Rican villa and also had a Real Estate company called nimiq and the domain nimiq.com was owned by him). So, probably they paid Elion Chin over a million dollar for a 2 store mansion in Costa Rica. This is definitely not a wise direction, but they never explained what the 1.1 million dollar investment from the ICO money means.

5. Another major lie was back in Jully when people started to question that Robin has left the project. After some time, Richy started to create a lie that Robin was "starting to work on research about scalability". Absolutely no news and no information was given by Robin for over 6 months. Robin Linus's last medium post and last video appearance are in May 2018. For over 7 months, they continued to lie and Robin was never seen in the project. A lot of concerns started to appear last week when people decided to question Richy lie that Robin Linus was indeed working in the project. They started to say that Robin was not the founder of the project and that his involvement was not that much as Nimiq was a team project. By using this message, their community admins and Richy was trying to remove Robin from the project forever.

Last night Robin decided to write a message on telegram regarding his involvement in the project. It definitely shows that Nimiq has a internal "fight" over the leadership of the project and probably who is in charge of the project ICO money. Moreover, they also knew and acknowledged that the ICO investors lost more than 95% of the money. It looks that Robin decided after 7 months to whistleblow that the project is a total failure and they need to tell the truth to the ICO investors about their huge failure.


6. Another major problem of the team is that according to their team reports' without taking in consideration their 1.1 million dollar mansion in Costa Rica in July'18 they had about 10 million dollars. Their burning rate was only $250,000 per month in July'17.  Probably the burning rate at the moment is higher than $350,000 and they would have only 5 million USD. It means the project would have funds to survive just for another 12 months. When the project will become broke most (if not all) of the leave the project and probably the entire network will shut down and be closed. They argue it is a decentralized project. This is not true. If it would be a decentralized network it means they would not require to have a full time network guy to watch the network and maintain it. When the seed nodes were offline the nimiq.com network was also down for many hours. Transactions couldn't be processed and synchronization couldn't be done. If they run out of money, the NIM will be worthless of value 0 and the website nimiq.com will get closed. It will be closed exactly like the previous Real Estate website nimiq.com

6. Nimiq raised over 12 million dollars during the ICO period in the summer back then. During the ICO they were presenting Nimiq as a "ready to go" blockchain, but in fact, everything presented in their demo during the ICO period was totally broken. Their demo was not even a blockchain in the real sense and this is the reason why it took them another year to create a completely new blockchain from scratch. After the demo, initially, they were trying to clone cryptonite blockchain with Mini Blockchain, but after some time they discovered another paper called Non-Interactive Proofs of Proofs of work and they decided to stick with a complete model that was not developed or built by them.

7. Nimiq never published any official white paper. Their only "white paper" is a medium article that described "how cool would be a Browser based blockchain", but intentionally forgetting about describing any kind of technology advantages or breakthrough. As explained in 2. they solutions of cloning the code of cryptonite was later discovered and then switched to NIPOPOW, although the entire team didn't have any kind of clue about the direction of the project or its technology. There is fundamentally no innovation into this project. Nim is just some good story marketing convinced a bunch of people to believe it is a ground-breaking technology while simply it is isn't.

8. At the moment over 70% of the mining is centralized in a Chinese Mining Pool named SkyPool. The vulnerability of 50%+1 is real from the day of launch. Since day 1 of the Nimiq Blockchain SkyPool anytime can attack the network with 50%+1 attacks.

9. ICO Investors lost over 95% of the investment. This lose is not to fiat, but even to Bitcoin parity. Interesting is that the entire Blockchain market is worth ~2 million dollars, while the project still has 8 million dollars from the ICO funds. Why are they not interested in their ecosystem while they have 4 times more money than their entire project and community.

10. Pool miners closed their pools. Multiple pools including porkachu, Philpool, Beepool and other pools were closed due to unprofitability of this coin.

11. Most of the community is gone and they never look back. There are just barely 50 people involved in their project channel groups namely Telegram and Discord. Most of these are miners who are interesting to make some activity in their channels in order to dump the NIM coin on the market.

12.  Censorship is at its high. You get an instant ban if you post a simple question about their foundation structure or about their funding. Immediately, like in seconds an "admin" on their telegram or discord will gonna ban you and remove all your messages. They call this a fight against FUD. They accuse users to be others and ban innocent people

it is not a big failure! It is a BIG SCAM. It's a huge difference between failing to be a well orchestrated scam like their. They lost ICO investors money while they call themselves really successful. Beside this they bought a 1.1 million dollar villa, have fake trade bots, paid shillers to shit about them, ImpactX charity foundation to which they premined 2.5% doesn't exist legally and they own the funds etc.  Nimiqnnect should be the new name of this scamcoin.

fucking scamers, they ran with all our money and now stupid pricks are giving us lessons that we shouldn't invest a fucking dolla into this scam coin. Probably you would have write the same to bitconnect users too who got scammed and invested over a billion dollar into a ponzi scam. Pathetic liars and scammers

the project will die and we will lose all our money. The worst thing is that not only ICO investors will lose money, but also NIM holders (miners, investors, people who bought it online), exchanges, etc. NET (Nimiq Exchange Token) was already killed by pressing a button, this year another thing will get closed namely NIM network and all transactions will be suspended.

the project is just a simple ICO scam. They wasted 10% of the ICO money in order to buy an expensive 1.1 million villa in Costa Rica in order to make video of them surfing and eating sushi. Worst investment, even the founder who exited the project admitted the project is a total failure for the investors who lost -95%  of the original investment. The project will be deadd in just a couple of months when the ICO money will get evaporated. Probably you have read about a different project. Nimiq ICO was a total FAILURE. There is no bounty campaign and there will never be. Just stay out from the project, it is worthless and you will lose money as I did investing into this shitcoin

chill out dude. We got scammed by them. That's how the life goes. Sad how some people believe their own lies and the stories they make. We just need to work hard to make the paid liars to contradict themselves with their own lies.

I knew it. I was right! Nimiq is a dead project and finally the project founder confirmed that NIM will die. It is just a matter of time when this will gonna happen. Richy and the other team members took over the ICO money and over the project from Robin. They just burn its money to make it bankrupt and to keep they remaining funds for themselves. Robin just posted on telegram after 8 months that they still have an "internal fight" with other team mebers over the project money and direction. Pretty much the team is clueless about where it should go. Moreover, Richy and he is fellows shillers were always lying that Robin was busy doing research, while the founder of the project was just kicked out from the project Every time I asked something, Richy and other content moderators (paid shillers) they were always lying about the project current funds and that Robin was his doing "secret research". We JUST WANT THE TRUTH otherwise the project will gonna die and the ICO investors most probably will ask for a REFUND. Because they founded a legal foundation, the ICO investors can ask in court for a refund of their eth do to the fact that the project was failing and that always richy and other fellows were lying to us.


Robin:



They should better answer to the following questions in their report until Sunday

1. How much money do they still have?
2. Did they buy a 1.1 million dollar villa in Costa Rica?
3. Burning Rate per month ?
4. What is the cost of the infrastructure per month to keep the network alive?
5. When they estimate a bankruptcy?
6. Do they have trading bot for fake volumes?
7. Was Robin Linus kicked out from the project due to the fact that Richy and other members took over the project from him?
8. Is the ImpactX Foundation registered at all? Does it Exist?
9. Who manages ImpactX Foundation premined funds? Richy or who?
10. Why did they not give the ImpactX Foundat premined funds to the charity as they described in the medium white paper.
11. Who manages Nimiq Foundation premined funds ? Richy or who?
12. Why they lie to us ? Like "oh robin is doing this top-neat research stuff that we will show it to you soon"
13. Did really Robin really had done something on "his research" in the last 6 months. What are the results and when we can see them.
14. Was the project took over by Richy and his click
15. What happen when they get bankrupt. Will the network shut down after they go bankrupt ??  They just need to click the kill switch and the network will be shut down. Just like when they killed the Nimiq Exchange Token.

they never answer to these simple questions while the project is dead and will become bankrupt by end of this year....

1. How much cash do they still have ? Did they buy a 1.1 million dollar in Costa Rica YES OR NO.
2. The team PREMINED 7.5% of the entire work. PREMINED = funds that were not POW mined. They PREMINED it with a simple line of code. That is what premine means. I have never heard of ImpactX Foundation. Is there a link to their website? If not why does the team avoid to tell us the foundation details like registration number, city, address, etc... The first vesting of premined funds for charity and InpactX were already received. Why did they not send the funds to ImpactX and Charity ?? DO they keep for themselves

Regarding my argument that ROBIN LINUS has left the project either to drug abuse or to exit scam. Robin last activity was slightly before launching the project. After launching the main net he never posted anything..... he just disappeared from Planet Earth . Here is a proof, his medium activity



https://medium.com/@RobinLinus

His account did not have any kind of activity from  April 11. About 7 months ago. Did Robin Linus exit scammed the project or did he get into a drug abuse center

Exactly my friend! We want some real clarifications from the team, and just the old BS telling us how great they are. They always try avoid to tell us proofs about their statements. This is exactly how every ICO is talking forgetting any real answers to the questions i have asked about:

1) Current Burning rate  per month is higher than 300,000 dollars?
2) How much cash do they still have from the 12 million dollar ico? YES OR NO.
3) Did they bought a 1.1 million dollar villa in Costa Rica
4) What happens when the "ico internet bubble" will bust, will the network be down due to the lack of scalability and expensive network infrasture.
5) Did Robin the founder of the project exit the project due to drugs addiction or he exit scammed the project. I want an answer from him. I didn't see him for over 6 months in this project.
6) They premined 2.5% to charity. Did they send the money to charity. Which charity. Please LIST and YES OR NO.
7) They premined 2.5% to FoundationX. Did you send it to the foundation? YES OR NO.

Who administrate the charity and foundation funds. The team nimiq or WHO?

Yeah sure.. I can tell you only that your 100 bucks now is now worth 16 bucks.  I can bet on one grand that this project will get bankrupt before end of this year. Nimiq can never get widely used because it has scalability issues (worst than Bitcoin) (block size is 4 times smaller, processing functions are not native compiled in ASM ) so it will also allow less tx/s in production. Node and Rust as well is way slower than C. There is no utility, just a bunch of people who dream of lambos and moons

1. ICO price was 1 ETH for 175 NET. ICO price was $1.30USD per 100NIM, it means ICO price for 1 NIM = 0,013 USD. Now the price of NIM is 0.000806. Do the math yourself. It is 16x times smaller than the ICO price. If you had invested 100, now your investment is worth 16 dollars. What a great deal!

2. They bought a 1.1 million dollar villa in Costa Rica. Read the fucking transparency report. It shows clearly that now they have a 1.1 million dollar villa describe as an asset. I don't think they bought the villa before the ICO.



3. They spent over 5 million dollar in the first year. Probably in 2019 they will spend another 5 million dollars for the software development (RUST, design, etc...) and market study. By the end of the next year, the project will simply be bankrupt and close exactly like Beepool without any warning.

4. Their burning rate per month is higher than 250,000 usd because now it includes extra costs of traveling, more people in the team (they hired a bunch of newbies), marketing boat, etc. Probably for the moment, the burning rate per month is about $350,000.

5. Beepool and Philpool both closed this week due to lack of keeping the joke alive for too much. The project just became worthless and it is just keeping alive. Like internet bubble, there will be a day when we will read a medium post: "Unfortunately, due to the high cost of the project, we need to shutdown the nimiq network. But still the source will be available on GitHub"

6. Robin lost a lot of weight ( ~ 50kg ) and you can see this by comparing the last videos from April with the really videos. Also there is a huge change in the mindset of Robin and the way he is looking in the camera. Most of the people from the nimiq community believes that Robin lost weight due to the fact that Robin used to consume coke and eventually he became an crack addict. In Central America coke is definitely way cheaper than in other places. This is the simple reason why at the moment Robin (the main guy) is not present in  the videos and he lost a lot of weight

7. Somebody proved that the volume of NIM is totally fake. They either run a trading bot by themselves losing money or they paid an exchange to report fake volume to Coin Market Cap

Here is the finding of a user who posted the proof of the volume bot on reddit


https://www.reddit.com/r/Nimiq/comments/9wdkie/nimiq_fake_volume_trading_bot_was_detected_on/

8. Why they pay shillers at all? The team said in many times that they will never use the shitcoin shillers to shill

9. The active community is less than 30 people. Do you want me to count the active users in the last 30 days? Everybody else left the project for good. Including Robin the main guy

10. The killswitch are the seed nodes. If there wasn't any killswitch why in the world they have seed nodes and they keep them online. Moreover, a few months ago when they used to have problems with the seed nodes many of the users complied on discord that they couldn't use the safe wallet. By the way, the seed nodes cost more than $20,000 per month for the team to maintain it. Why it costs so much? Simply, the project is not salable and it will never be salable. Nimiq just transformed itself into an internet bubble that will pop this year, 2019

the blockchain explorer is not working anymore. The project looks dead

Do you know coding? Or just unix bash scripts? thanks