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June 03, 2017, 02:48:19 AM |
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I have no idea why these guys would try to sabotage eac with nonsense like this, but they are entitled to an opinion. None of the article is factual.
The third top scam coin identified by Lazar is EarthCoin. Although a quick search on coinmarketcap.com reveals a market cap of $935,638 and an available supply of 9,346,468,332 EAC, Lazar does not seem convinced that the coin is genuine. "This coin also has its superblocks, whose coins were vastly pre-mined and even instamined, suggesting that some or all of a coin’s initial supply is generated automatically by the developer at, or prior to, the public launch, rather than being generated over time through a form of mining. Such tricks are usually applied in a pump and dump set-up schemes."
^ Totally wrong, 2% premined, the rest has been organic, can't dump anything the market has all the coins and we sit in a tiny % now.
Nawaf Abdullah, CEO of a Ghana-based Bitcoin exchange eBitcoinics, tells Cointelegraph about his reluctance towards accepting EarthCoin.
Abdullah says:
“It is just one of those pump and dump coins which probably would have its HYIPs and all, right after getting the recognition it needs, they just dump it and it's back to the nothing, that’s what it is.” With no good website, neither any robust information to tell what the coin really is or intends to achieve and a current volume, Nawaf says that all visible factors justify the coin as an element that can be dumped at any given moment.
^ Wrong again, rather big website, lot's of intel online about it, these guys seem to have an agenda. If the coin is so dead then why even mention it? The Asian markets got ahold of it and brought life to it again, nothing scammy about it.
“Seriously if you ask me I have no vivid info what to even tell you rather than what it is really and that's a big scam a coin it is. Not every cryptocoin is worth the try and EarthCoin is a stay away from type,” he concludes.
^ And if you ask me, there's layers of motive but I care not to go sleuthing.
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