I was quite excited to see a credit score mechanism being worked on that can be used in the DeFi ecosystem. Of all the items you list this point is the most interesting. However reading the Telescore API section of the lightpaper I am wondering if you are measuring the correct attributes to determine someone's credit worthiness to re-pay a loan? You list the following attributes:
1. How many transactions in wallet? 2. What’s the wallet balance? 3. Time holding coins 4. Telefy protocol usage (Extra score!) 5. NFT transactions 6. Amount owned and repaid 7. Credit History Length 8. Any Collateralized Liquidation History 9. Cross Chain wallet transaction validation
These things can give you a score, but is it a score that can be applied to determine if the holder will pay back a loan? I am skeptical that about the principle of calculating a credit score in this case. The best way to secure a loan would be to lock up collateral in a contract that will automatically go the lender in the case of default. This plays closer to point 8 in the list. However locking something into a contract as collateral is independent of a credit score. I think most items on the list are irrelevant to determine if someone will pay back a loan. Some people for example store coins/tokens in new addresses because some consider that best practice. These people might be the lowest risk to pay back a loan yet they will be penalized?
I also note you have swaps functionality going, can you point us to your audits for your contract?
I think they're following AAVE's step, back when they were still ETHLend. Not sure what's changed or this factors and services still works after the rebranding --I didn't follow AAVE much, just had a brief interest on LEND-- but they used to assume that the owner of the account would value their credibility tied to the account on a significant degree that they'll get reluctant to get default, as once they get default, their credit score on the account will be damaged. This method matched their points from 6 to 8, where the history of their borrowing activity is put into factor and helps determining their credit score.
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Thank for info, I will update
My questions are simple enough and should have been on your list of consideration when you initially developing the basis of the project. Your given answer implies you haven't think it that far or you deliberately held the info. With your ICO currently ongoing, people would need these info for consideration
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Hi, as you could posted here and should have already been aware of my inviation to defend yourself in the scam accusation, yet ignored to do so, I don't have any other option but to tag you with red trust. I would revert if you could give a plausible defense against the accusation.
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Hi, better be asking than regretting the miscommunication, I am a bit uncertain with the boards that's counted as eligible posts for signature campaign. The rules state that you'll only count posts that's made on bitcoin discussion and altcoin dicussion, was this a small miscommunication of generalization or you do only consider posts on the two boards? I think I better shows what I mean by image. Does the counted posts are the ones I mark in blue box and the other boards that's marked with red and cross --with exception to bounty sub-board and the local board and its sub-board as it is already clearly explained-- aren't considered as eligible posts?
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I think adding more context would be handy here, like: Given you have so many thread that you promote, both ann or bounty, it is justified to ask on which project does he supposed to make his collab with you? Based on the timestamp on your TX proof --February 18, 17.34 (05.34 p.m. for those who can't read 24 setting)-- and the date you made this post --February 19, 15.14 (03.14 p.m.), forum time-- there weren't 24 hours passed between the confirmed transacion and the report. I am not an influencer myself, but I think 24-48H is a quite acceptable timeframe for someone to create a content. So maybe the case here is not he breached contract and scamming you, it's more that you ask hm too soon. I saw that he made a post promoting an NFT, vandalized-bored-ape or something, was it the content you ask? Another thing that I wanted to know is the reason why you hire an "influencer" who only have 14 posts and almost none of them are crypto-related? Where on earth did you even stumbled upon this influencer?
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Hi, so glad that you announced here. As this campaign is ending and I really enjoyed working with you, I wanted to enroll to the other campaign you also managed. In regards to this, I was just about to ask, should I submit a new proof of authentication on that thread or could we just like... "Hi, can I move to your next campaign?" and we'll be automatically enrolled? And can we start enrolling today or should we wait for the final week --of this USDT-based campaign-- to be finalized and distributed before enrolling? P.s.: I assume the bbcode and the avatar of both campaign are the same?
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[...] Simba Exchange the new P2P service Exchange for Crypto
did you even check if the P2P is working you know what is P2P its totally in-between people to people where the seller and the other person is buyer only you both will do the transaction Simba exchange is a only platform so there is no chance any one will get scam
[...]
As this wasn't clarified yet and it bear some degree of possibility that the statement would bring a false confidence in newbies who stumbled upon this thread looking for reference of your exchange and thinking, "hey, they're right. It's P2P, the transaction happens between me and another person. The exchange won't be able to stole my money.", well, I'll mark in red to caught reader's attention: User would still need to deposit their funds into the exchange's wallet. And from that point forward, from where they send the balance from their private wallet to the exchange's, they're actually will not be in control of their funds anymore. The exchange could just cease to exist one day with all of the users funds. In other words, money grab. In other words, scam.
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I am actually impressed by the idea. Had to admit, the first time I read your thread title and opening post, my first thought was, "great, another metaverse this metaverse that project." but reading your whitepaper gave me quite an impression that if this project worked diligently and with full effort, it'll be big.
I'm especially impressed with the idea where users can build their own space to present their CV, their employment history, projects, etc. I can imagine this would be extremely useful for designers, architects, and people who works with models and mockups as the virtual space gives them opportunity to show their piece of works in "real form". But... another thing occured to my mind, how will this beneficial for people who works on the field that's more desk oriented, like accountants, or administrators, or purchasing staffs. How do you image they'll utilize your feature to present themselves, given their works are... leaning toward a two-dimensional form, as in they didn't build a tangible goods
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I think we need a little bit more context here. I peeked around their ann thread, the two of them, granted I didn't spent time reading each and every posts on the 100+ page combined. But from what I gathered, they've been around since 2016, their ICO price waa 0.36, jumping to 20 is rather an achievement, IMO, and if today's price is 0.06, that is not necessarily translates as a rug-pull. Hence, more context and proofs. On the other hand, as I read your screenshots, do I understand correctly that your situation was they're having a swap and you got banned with your outstanding balance annuled due to badmouthing about them? Yes, it increased in price to $20, but that was thanks to the market and another very important issue: all the holders who stored the tokens for long on Bitshare were unable to transfer the Bitshare network Cvcoin to the network. ERC 20 . This conversion is buggy since 2019 due to Openledger's demise and these bastards delayed till the end of 2021 after this shit coin reverted back to 0.05 usd new for new token conversion. That's why this token listed on 2 exchanges Huobi and HiBTC but only Huobi increased to 20$ while HiBTC price is still only about 0.1$. And most users store Cvcoin in BTS network because it is the original token and most of the people can't convert to ERC20 to sell at that time, except for the guys in the development team who already hold a big bag of tokens in ERC20 format And of course, with a big bag of Cvcoin Erc20, these guys are not stupid to not sell all their shit coins at peak prices and blame all the Chinese investors for selling because Huobi blocked users from China. Then re-issue a new ERC20 token to continue raising capital, a perfect move to both have money and not sound like a scam And after swapping to the new ERC 20 token, it increased the supply to 60 million and with all the holders now able to sell, you think it has a chance to rise again? I was furious spamming his 100 sub reddit channel because he banned me from telegram group and slandered me as a scammer after I criticized his work attitude and weak leadership which made me angry. all the old investors can't make any profit after a long time and the project doesn't have any significant progress, this is very normal. You are investors, you put money to invest in their project and you don't have the right to supervise and criticize for poor performance, this is a joke. It is because of this that many scam projects hide in the shade of shitcoin to get money from investors. And just like you said, just because of some spam on reddit these guys didn't convert and confiscate all the coins I bought legally and spread on telegram that I am a scammer in blacklist. What a joke I think we are once again need some further details --I think I can actually dig the info myself if I spare some time, but I am not in the mood of diving into hundreds of thousands of convo. Does this increment in total supply --I marked them in blue-- also followed by the same swap ratio, i.e. 1 of the old token will be swapped to X times of the new ones? If it is, then their action is quite justified as it not uncommon for a project to swap token and change their total supply and compensate the old holders by giving the exact same swap ratio. As for the banning, I forgot to write this on my previous post, is there a ToS specifying the "FUD spreading" like they claimed? Although I personally think such ToS --if exist-- is riddiculous and completely non sense, but if you've agreed to it, then the case here was you've violated an agreement which is punishable like the action they took. I am referring to this part of convo
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Will your team be doxxed? I find it quite ironic --or maybe quite fitting-- that a project which propose a trustless service would ask their customers to really put trust in the team as they're just names with no other means to prove their credentials. Combine that with the bumping accounts, I'll say the trust is next to nay
Nope. Ofcourse we wanted to build the trust thats why we are here. I get your point on the credibility we will share the profile links/github page of our team.You can also join telegram and discuss with us directly if you have any questions or contact us at info@telefy.finance for any more questions! Nope as in "no we will not completely reveal the team" or "no, we have no intention to hide"? Because if we use the team details on your website as an example, we actually learned nothing about you. The name are common names that google search won't give a specific result, let alone check the background and credentials
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Will your team be doxxed? I find it quite ironic --or maybe quite fitting-- that a project which propose a trustless service would ask their customers to really put trust in the team as they're just names with no other means to prove their credentials. Combine that with the bumping accounts, I'll say the trust is next to nay
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[...]
Max Supply: Limitless
[...]
We still working on mobile mining. This working with mobile devices. You can try.
I'll ask the questions that should always be asked on tokens with unlimited total supply: how do you plan to grow or at least stabilize your price if there's unlimited supply of them? Second, you have a mobile mining, but mining info on your website is about the old school graphic card nvidia etc. Were this feature not released yet? Third, your ICO progress shows that you've reached softcap, is this a graphic error or were you actually managed to get way past softcap?
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You have unlimited total supply? How do you plan to get any price growth without inflation or scarcity? The project is also extremely lacking of information like team or roadmap or whitepaper and other technicalities. Can you please provide these?
Hi @holydarkness, Very precise questions... #1 Initial Supply of XXE is very small: - Just 25,000,000 #2 The current value ratio between the Initial Supply of tokens and the price in BNB is extremmely attractive. #3 Burn events will take place when needed #4 As for the lack of information, yes, unfortunately because we had to start very fast. Information will be provided in full within 5-7 days. #1 I am failed to see how a small initial supply is relevant to this. It didn't change the fact of unlimited total supply. Please elaborate more on how this "fact" helps drive inflation #2 keyword here is "current", with your characteristics, it is very possible --a very likely scenario, actually-- that price will go downhill due to the lack of strategy to maintain price. Please don't tell me that your answer is the classic "we'll let the market decide, we can't control market" #3 again, irrelevant to the fact of total supply. You can burn 99.9999999999% of your current supply and minted 300% of what's burned the next day #4 I don't think there's anything I can do but wait for this info to be released. Meanwhile, you can clear the three issues above.
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You have unlimited total supply? How do you plan to get any price growth without inflation or scarcity? The project is also extremely lacking of information like team or roadmap or whitepaper and other technicalities. Can you please provide these?
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All of your links are dead. Website inaccessible, whijtepaper can't be downloaded, i even tried to learn more of you through telegram and you only have handful of members with no chat or announcement or anything
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Hello,
It looks like your Bounty Campaign ended at 9th February.
Bounty thread is closed, so let me ask you here for a specific bounty rewards distribution date.
Hmm... How sure are we that they'll answer here? They've going silent for weeks now, posting on their bounty thread and managed to went online three days ago, but ignored all the questions and discussion here. I would really appreciate if they can be as active on this forum as they're on their telegram channel
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[...]
The problem here is every single person on their Twitter page as an influencer are all fake
[Link removed]
Most of the accounts are abandoned with almost no followers and no original pictures available, here are a few proofs
[...]
Maybe you need to deepen the search? I think it's the case of a very poor community manager or, like Rikafip said, an incompetent team who doesn't properly tag the official handler/username. I've tried to get more information on them from the earlier time when they first launched an ann thread, but their BM --and most likely this forum's CM too-- apened doesn't bother to reply my questions. About the fake influencer accusation, though, I do some digging out of curiosity from their Instagram side, took random posts announcing their cooperation, and some of the results are as follows: [ As can be seen, they posted story about the project as a paid promote, with exception of Mr. Ebigie whose story already past 24 hours so it's unwatchable anymore. Not that I'm vouching them, I didn't have enough evidence to judge whether they're scam or a legit project, but my quick investigation so far brought us to their parent company, Technicorum, which is registered in Singapore, and announced their partnership on a pressThe CEO himself also list both companies on his social media, indicating that influencio didn't just borrow his name without his knowledge.
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Your roadmap planned the whitepaper to be published on February --granted, there's still a half momth left on February-- were they delayed? I hope there's a detailed section about the team behind this project, I can't learn much about your team other than theyre 6+ people.
As for the paasive income from renting bed, hotels, etc, what'll happen if players decided they don't want to waste money on lodges, so their avatar would just stand in the lobby of a casino, call it a night, and logged out of the metaverse?
Yes there been some delay and we will maybe shift the roadmap of about 15 days, and of course you will know all our team, we were planning to go doxed right after Metaverse Beta together with he audit, is also when we will really want everyone to trust and see us. Nice question about the passive income, we planning that the player who goes and play in the casino area would be needed to rent a bed and to visit each N of game this would be resitting every 2 days for the players who want to chill and don't play much but all the play to earn customers will be more than happy to pay part of the profit for the hotel room That'll create a new dilemma, is it not? You sell plot of land for people to buy, they'll build hotel and BnB etc., it'll take time to build --I assume everything will be on a real-time as in the reality world?-- while demands are already made.
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