There is still risk here.
Jens or the developer can show just numbers on the website about our earnings and he could actually sell the actual coins in the market, behind the scenes.
So we all think that we are getting paid really well and once the dev has sold all the coins in the market, the site vanishes.
I am not saying this will happen to ADZ.
How will you prevent such a thing from happening?
wow good question here transparency mate, we need assurance that it is not the numbers that we see but how can be assured is there any possible ways that after getting the vip the coin will go directly to our wallet or some sort of assurance that it will not be touch? I know jenss will explain this and maybe sir coinstatic needed also to add this from the promotional thread that he created. waiting for the answer jenss.
Just from my opinion the things upon which you can count up upon:
One thing is that they already have millions of coins with them and they wouldn't sell them at such low price when they can sell them in big dollars after completing their project successfully. That incentive(of selling millions around $10 would be enough for them).
Another thing is that they had mentioned somewhere in adzcoindesk that they would make a marketplace like ebay and their own largest adzcoin mine(would they do so much if they wanted to make cheap hit and run scam). And also if their site becomes successfull like facebook and google then what??
So, there seems little reason for them to make a cheap hit and run scam rather than making a big incentive fortune in future
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
You are missing the point.
They dont have to run today - can run anytime if there is no transparency - may be when it is at $1 or $10
All our coins are with them all the time and what we see is just numbers on the web page.
To shinep and arseaboyMe and adz4life replied to you on the market thread but I'll post it here too just to shed some light and others can see it too and give you hope of what the dev of this project is all about.
Here's my post:
To build trust with a person, 1st get to know them.
Get involved with the community. Meet the dev, talk to him.
Get to know him
I did this all in the past obviously and I have known Jens longer than a year actually. And many within the community know him for a different period of times
And any of us can vouch for him, he's stuck by all the way. Even when this coin was at its highest and lowest.
This coin actually reached to 10 cents to $1 at a point but that was all due to PnD. Every coin has a PnD it's uncontrollable
But Jens stuck by even through that. Not just dumping and leaving everybody behind. This project which I can assure you is here to stay for good. I can vouch for that and MANY others too. We know the dev, unlike a lot of coins out there. He isn't even anonymous. He's open about everything
About the risk part, well even investing in properties, gold, stocks, trading in general are all risks.
Don't get the risk part mixed up with scamming and running away.
There's obviously risk in crypto as well including ADZ. But that risk can be lowered to a degree that you are comfortable with where you are spending your money. You know the person behind the project isn't anonymous and is as much involved as the whole community.
Don't believe it?
Check the FB group and see for yourself how much he has been involved in the community and how much work Jens and even some other devs have been puting into it
Now what about Bitcoin? Who controls that currency? Who is it ran by?
If a person wanted to scam, the 1st thing he/she would do is make sure he/she remains anonymous to the public. Never reveal his/her ID to the public.
Never share any details of their whereabouts
Owner of this coin is open with his real name, even has an official FB account. Involved as much as the community and wants to see this project succeed
He even has actual developers working in the Philippines, in Cebu City that you can happily meet anytime you like. And you can meet Jens too if you wanted to, I'm sure he'd be happy to discuss this project with you there
From all of the above, I think I already know the risk/reward ratio here.
The only risk is, just the value not going as high as expected. But even that Jens has explained very well and outlined it by explaining the supply and demand economics that the value will actually have to rise and he even backs his claim up with real maths.
So in the end it's upto you obviously. There's no forcing anybody to join. Want to get involved with the community and even know the dev behind this project then why not join the fb group at least and get to know for sure and even have any question answered directly by the dev and/or the community who are already as excited as much as the dev
https://www.facebook.com/groups/261644694200608/