I apologize. Thanks for setting me straight. I have moved the topic.

Scam coin. Don't invest in this project.

Since they have deleted my comment from their post (Shock) and banned me, along with many others, from their discord I feel it is necessary to post a topic here to deter other people from being stupid enough to invest in this project. I still have over 10K LNO coins, so this may not be smart for my investment but I don't want other people to throw their money away.

The team behind this project doesn't develop anything, they outsource everything to other people and this coin has done nothing but drop in price. It's quite frankly - a joke. There have been nothing but problems from it's inception. From wallets/chain broken for months to exploits. The chain has been "exploited" not once but TWICE and they can't fix it. One of their goals is to open an exchange,  they are going to open an exchange!? They can barely fix problems with something "THEY" created and they want to a god damn exchange!? Delusional.

As i mentioned, their chain has been exploited TWICE. When I say exploited, I have strong suspicion the LNO team of "developers" have exploited their own chain to dump their own coins. Their wallet and chain was completely broken for months and they had to pay a developer (BarryStyles) to fix it and withheld payment from him.

Funny how the address in question has suddenly stopped after I complained about this issue?

They ban detractors from their discord, delete comments from their post on BitcoinTalk because they can't refute these claims. Sounds like a great project right? Genuine concerns from their community and instead of effectively addressing them, lets just ban people who bring it up.

Search this address on their explorer or MNO. It has a 3000% win ratio and has gotten 25000 coins in the last month, that's double the ENTIRE volume that was on CoinExchange.

LSvHCDH5cDLztS1FW95LoA8jXM1pMH59bX



I was banned from their discord for bringing this issue to the attention of the community... For spreading FUD. FUD!? Are you serious, your chain has been exploited for over a month (Not once but TWICE) and you call that FUD. I call that a team of incompetent "developers" who have no idea what they are doing... Well, they probably know exactly what they are doing.

I definitely will not be using them ever again.

I have used Kraken just fine for months, the exchange rate from my bank to Kraken normally results in a small loss which is what I was trying to avoid with CoinCorner as they accept UK bank transfers. I could have saved around a couple of bucks but I ended up losing more than 10% when you account for all the fees and their over-inflated price.

Thanks for your replies anyway, it is much appreciated.

When purchasing BTC they don't show their current market price anywhere, they just have a calculator that shows you how much you will receive in BTC from the amount in your account. To be perfectly honest, I would have been quite naive regardless and pressed buy. I should have really checked the current price of BTC but I did not expect them to charge such an insanely highl rate over the best price.

Admittedly, I should have cross checked the price of BTC before initiating my purchase. I have been using Kraken for months so I have become accustomed to buying BTC at the best current market rate and just assumed this would be the same. I mean, even Coinbase gives you a MUCH better rate than this place and that is saying something.

Obviously the amount of BTC i would receive was clearly stated but nowhere on their website to do they state what THEIR current price of BTC will be, or that it is much higher than anywhere else until after you have bought your BTC. I have crossed checked with multiple different sources and the price of BTC at the time of purchase was £6000/6200. So their "margin" is close to 10+% over the price and that is before they add another 3% and £1 for GBP bank transfers.

I would assume their business model is built on keeping this information well and truly under wraps. Hopefully someone comes across this post in the future and avoids them. I have contacted support to complain but I don't have high hopes for anything more than "you should have checked the price before buying"

The funny thing is, they send me regular emails every week stating the price of BTC but nowhere in these emails do they state that their price will be majorly over-inflated compared to what you are seeing in the email that they have just sent you!!

You live and learn I guess, back to Kraken.

Hello,

Sorry if this is the wrong place for this.

So I made a purchase of Bitcoin on Coincorner earlier today, thought I would give them a shot as I normally use Kraken but have been getting burned with exchange rates recently as they only accept EUR SEPA payments. Not losing a whole lot but it is still a pain and I'm losing around 2/3% because of it.

Anyway, as mentioned thought I would give Coincorner a shot as they accept GBP bank transfers for £1 each which is nothing special. Bought £309 and received around 0.045 BTC. I thought this was strange because I should have received close to 0.05 BTC. Went to my history and checked, I made this purchase at 16:11 and they had the price of BTC priced at £6781!?!? Went a checked multiple sources and they have inflated the price over £700!?



Maybe I'm making a misake here but WTF?