Anyone promoting this is promoting a SCAM!

Come on 250 000 USDT? Why are you even doing this? You are not going to see one penny.

Well some people have been kyc:ing these whales out. That's not the matter of belief. It's weird how public they are about it. But there's no way for us knowing if they are insiders of FTX or not, who knows. But ton of lawsuits are coming at these people. Somehow they tought they would be untouchable and now they have to run for their lifes.

irfan_pak10, can you modify the announcement that this is a confirmed scam? Devs have disappeared long time ago.

First of all, i am not bothered to go in to FRX token. (That's a scam as well for mainly same reasons as Saratonga).

I looked at Saratoga and from the fist look i thought everything looked just unprofessional, but there are some real red flags.

Here are some facts from Saratoga:

They claim they are paying profits from real NFT backed lands, that require "no tax or local evil bureaucracy". This is just absurd. This is not some decentralized bitcoin libertarian dream, they are claiming to build something that's highly centralized with an actual land and agriculture.
I asked if they had KYC and where they are aquiring the land and no, there's no kyc (at the moment), and primarily Turkish.

KYC is required for something like this in Turkey because AML laws, not to mention that these would be contracts, and those contracts can't be in in form of permissionless tokens as they would need to be reversable.

So either they are incompetent and don't know anything about legal framework for any of this, or trust that their investors are ignorant, because greedy idiots is a pretty good target group for scamming.

This will most likely going to be a slow rug as they can pretend for a long time that their land wouldn't give profits yet, blame war, blame bureaucracy, weather, pandemic or anything like that and slowly fade away until no one is interested.


*Update: They said that "no KYC for owning the token, for direct land ownership later KYC will be carried out"

First of all, now it's "land ownership?" This makes even less sense, contract happens when you buy the token when that token is obviously security. Or the token is completely useless. Which it is tbh.

No, it has apy of 382,945% according to their homepage, and (that's a comma not a dot).

Also it's strongly looking like they will be either scamming bounty hunters or bounty hunters will kill the project. (They promised to deliver $50k worth of tokens and their LP is somewhere in $13k.

Last twitter activity was from 14 days ago, mods in the telegram are clueless and there has been no sight of any admin. This will die in a month or so.

Sure, but that wouldn't happen because of inflation so it's not related to this. It would happen because it token itself doesn't have good fundamentals. With high enough inflation on the other had (which i was talking about) the token price is guaranteed to drop.

I don't think you understand what the word scam means. Sure, there are various different projects in nft that fail either because of incompetence, or because they are scams. But that doesn't make erc721 or ERC-1155 scams. They are just protocols that can be used as any other good tool, for making scams or making a difference.

It's like asking that is web2 a scam. Sure, there has been many scams in web2.0 but it's a tool just like web3.0

Aside from them having no use cases...

* Price of one token will automatically decrease when there's a flood of free tokens getting into markets and scarcity of the token decreases.

* Even if you look at it from the point where your bag wouldn't necessarily lose value as in whole, as it too is increasing with the circulating supply there's one thing you forget, and that's traders. Traders use altcoin or fiat money pairs to do technical analysis, and it obviously will look bad when the trader sets the targets. That would mean that charters would need to use marketcap graph to find a bullish TA and probably no one would even bother to do that as very few do it now.

* Rebasing as a solution is worst possible as it eats away the whole idea of having high interest from staking in the first place.

So why the hell do they keep coming back on the markets?

Shouldn't profits against trading him be good enough indicator on that? But yeah i agree, empirical data would be nice. In fact some sort of model that's tracking all the influencers and their trackrecods out there would be very cool.

Ok, few things:

In the homepage math doesn't make any sense to me. You are saying that Fixed staking APY is 382,945%.



Where that number is coming from? With 382,945% annual percent interest, $1000 is $3829450 and that's not even having counting in the compound interest you have, and with that we would probably have such a big number i would have to google the amount of zeroes to have a name for it.

Also please don't use USD in big bold letters in this when you don't clearly mean $ but the token, is very misleading and most likely highly illegal.

They didn't raise any money, that's why. So they decided to shut everything down. Bounty group stopped working before that because they were not getting paid. It would been mainly a meme token anyway so no big loss there.

Their latest telegram update was from last year where they said that they canceled their ico.

You linked to bounty thread so are you looking for your bounty or did you buy from their ico? Either way it looks like you are not getting anything. I am sorry for your loss.

Since monero is mainly build to escape regulations, it most likely will be removed sooner or later from cex:es, or users need to provide data on where they got their moneros. I am not really sure if that's even possible. If projects like Dusk get finished ever, people will probably follow them as they are private but regulation friendly.

Just to remind you that shiba was already up before Elon. I personally think this sort of thing could fly again, but not with a name like Satoshi Nakamoto. It's too serious and not catchyor memeable at all to get any fomo attention.

What do you mean "even though"? Imho it's BECAUSE it exist there it might be. Also because devs have pretty much stroke a gold mine with their apes in the first place. ApeCoins doesn't even need to be anything special, just the brand behind it sells eventually. I thought that apecoin was overpriced when it came to markets but who knows what road the developement takes it


Why would he talk about Ape NFTs in this post?

Suprior in what way? Eth has less marketcap and smaller liquidity than bitcoin so it moves more easily up or down just because of that. Also it's still considered to be dangerous tech wise as the code is way more delicate then in bitcoin.

Before 2023? I don't think so. We are in the bottom of the bear market imho and it takes some time to climb from here. Eventually we do and i am not saying now wouldn't be good time to invest because it probably is. We would just have to wait more and price could technically drop a bit. But i whole heartedly believe that eventually we are going way over ath again.

Sounds like you answered your own question. If you want stability, invest less volatile coins. That on the other hand brings less profits as well if you don't know when to enter or when to exit. Also there's time frame. You should invest in terms of years, and not to panic for first real bear.

Honestly, speaking from having experience of trading cryptos since 2014, price dropping has ton of reasons other then pure scam. You can spot scams usually from lack of transparency and blaming anyone but people themselves. Some times obviously community reacts by selling it to the ground but if you can't see any good reason for it to be scam, it could be either the fact people are slowly accumulating, no one wants to shill a project that they don't have pockets full. Or the fact is that thay project isn't needed, which is the major reason. Normal people just don't see that because they can't read the code or compare it to competition.

Ok, i on the other hand think that manual issuing and trading with synthetics isn't anything new or revolutionary and the fact so many had to stop it. When on the other hand Dusk is planning it for actual stocks and securities with privacy on layer 1. But you do you. Good luck.