[UBEX] What do you think about UBEX? 500% ROI during ICO???

[bycocoricos]

Hello everyone, I found that 1 UBEX was 0.01 ETH on their website but that it's actually traded by Ubex's team on Bitforex at 5 times the price.

What should we think about this?

[sedahan13]

The price was dumped and that mean this coin is only pump and dump, just like others coin that firstly listed on the market. But UBEX is better than others ICO, which others token was going down below ICO price when first tradeable. If this token has strong fundamental, the price has potential to going up again later.

[Brawnsugar]

Hello everyone, I found that 1 UBEX was 0.01 ETH on their website but that it's actually traded by Ubex's team on Bitforex at 5 times the price.

What should we think about this?

I think this was manipulated, was following it at the time and couldn't understand the disparity. I also think it was a pump by the team. We see these things all the time, definitely not healthy for the coin

[cryptocrusher]

Firstly this belongs in altcoin discussion so you should move it.

Secondly Ubex is very shady and I suspect a scam ICO. There ICO has been extended time and time again despite claims of being highly successful and nearing their goals. I suspect that the team are going to go very quiet/disappear sometime soon with a big chunk of change to spare. Even if that's not the case I'm very weary of this project and would only trust prices when they're on a real reputable exchange.

[anobtc]

Just a little trick or rather a scam. They sell tokens in the ICO and at the same time pump prices on exchanges to attract investors. Now you can see after paying the investor its price has fallen sharply.