The whole deal with QKC circulating supply and Binance listing has me turned off on Binance. I'm no stranger to the underbelly of the decentralization, but this is classic greed at play - the kind of greed that topples empires. When regulators finally step in, this will be remembered as that moment it all changed
By the way, I also do not understand the position of the exchange Binance, they really did not know that such a pump would be? If you do not know that somehow strange turns out. After all, it seems before listing on Binance you need to go through serious verification and just like that you can not conduct a listing on Binance. If the Binance really knew it would be a pump, it turns out they, too, were involved and supporting such pump. It's bad for such a serious exchange. But now, they may make a profit, but in the future will cease to perceive Binance seriously.
The problem with QKC goes like this:
They did a tiny ICO holding most of the supply themselves.
They payed exchanges stupid money to get listed instantly, it's rumoured they payed Binance over 5 million dollars
They are releasing something like 3% of the huge supply each month, by December if the price can hold over 20 cents they've made over 500 million dollars
Why the fuck does such a small team need that type of money? does this look like a balance of a job and improving blockchain or 2 guys trying to get wealthy quick?
I took advantage of the hype but going forward I won't hold a cent of this coin, even if they deliver the fact they think their work is worth that much and the fact they took such an obvious approach sums it up for me, 30 million raised in an ICO is once in a lifetime for most people, it's link winning the lotto, I hope it crashes to 1 cent so they learn a lesson.
And yes Binance should know better, this is very clear bs even if it's not a scam, Binance make a lot more money than 5 million in a year and they've just sold out to this garbage.
I am not saying this is a scam, just very unethical and it's lost the volume required to support price increases with these monthly 3% dumps, I wouldn't invest long term on this.
