YOVI looks like an interesting coin, its in a rise only market - meaning you can only sell for more than the greatest sell order so far. Seems like an interesting concept, I guess there will be interest in the coin for as long as people want to buy it, but as soon as people stop buying nobody will be able to sell, volume seems pretty stable - the coin seems similar to a Ponzi scheme. I've bought a couple as a little gamble to see if it pays off.
Sounds like a scam. Where can I find coin specification and source code?
The specification is here -
https://bitcointalk.org/index.php?topic=1108063.0 not sure if the source is available - I think the coin is only tradable on Yobit as its their own coin which is probably why they force the raise only. I'm only putting in a few sig campaign earnings just to see if anything comes of it =)
So, it's a closed source coin which traded only on one small exchange, isn't it?
It seems so, there are reports that it is also on cryptopia but cant be transferred back to yobit. Doesn't look like I'm going to lose my investment as there are still a lot of buys - should take about 20% back after a few weeks at current rate. Dont think I'll invest any more though.