MNE seems to be the most clever scam coin ever built.
First, the free stuff. Not even mining is necessary because with every ETH block built, there is MNE created.
Second, you gain trust by actually fulfilling your promises like the token creation service. i mean, its great and all, but there is no other stuff down the road.
In the meantime, you easily sell off your stash because you got it for free too. Much of it. Probably several hundred genesis addresses. Of course the pump is extremely helpful there.
Third, you generate more shills with a new coin which is directly linked to the first coin. Apparently, people will eat this shit up because the trust is already there. Does not matter that there was no info what this new coin actually does. The hype was real.
Great time to sell off again.
Forth, the new coin will be sold via ICO. Shillzzz. Since the stack is still not empty, there is a method to drop some more shitcoins on others. You can swap your useless MNE for a new coin which will too be mined free of charge.
Fifth, major selloff once the new coin is listed on the first exchange. Guess who will be able to sell off these coins? Since the ART generation will take ages, you need a massive stash of ART genesis addresses. Who will have those?? You can answer that for yourself.
i must say. Kudos to the allegedly swiss-based scammers
Your summarize is done pretty well if you see what happened
so far, just because this is obvious
now.
But then you're still 2 steps behind the dev.
You have to think a bit further. If so, both MNE & ARTE would end in a total fail because trust is lost.
ARTE is directly linked to MNE though most of the investment came via MNE.
If the dev wants to give value to ARTE, he has to give value to MNE beforehand.
How to do so?
The dev could have cashed out a lot of BTC the last months.
Maybe 5 times enough to pump MNE to above $20 while the ICO runs.
Combined with an update on MNE, many of the initial MNE holders would jump back into MNE, knowing the fact that that's the way the dev does it. And he delivered again this way.
The real FOMO starts.
But now they have already sent their initial MNE stack to ARTE ICO, so they would have to buy the remaining MNEs, knowing the other facts that are obvious now.
The circulating MNE supply will be halved very soon, so MNE will be twice as volatile.
Awareness has been spread through many crypto channels, so a lot of additional investors could finally jump in.
What's the better: Run an ICO and collect 500.000 x $2, so $1 million in total or run the ICO collecting 500.000 x $20, so $10 million.
And again, this is seen from today.
By end of ICO, we'll probably talk about 800.000 burned MNE in my guess and also a lot ETH will be spent then.
Dev won't keep his mouth shut for the next 28 days while the ICO flatlines.
I totally agree with you guys that you could have done this much better
if you go the traditional ICO way.
But the dev ain't no traditional guy, so think twice before you'll come to a conclusion.
Do you really think he'd dig out his own grave by showing you all his immense swap into ART at the artemine genesis explorer in live time ?
If it's him then it's just because he wants you to think exactly this way.
Just keep one of the most important crypto attitude in mind: If all are bearish be bullish!
