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Xamito
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December 05, 2017, 09:31:11 AM |
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What the fak is going on ?
Isn't it obvious ? Man, just think here. Who own that much token ? Who could afford that kind of dump ? We got two options: A - The dev is dumping B - A whale is playing with the price I go for option A; Why ? Because today the platform should launch but, if you know there is no platform., then you know that people will dump and the price will crash... So you anticipate that and you dump your token to get the maximum profit out of your "project" Or he could have just not said anything about the site and continued to sell at 50k sats all week... your logic man, makes no sense. So my friend, what about that: https://twitter.com/credencecoin/status/937974740244762624https://twitter.com/credencecoin/status/937975069887774721We did not even have to wait 24h. |
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MystiCrypt
Newbie
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Activity: 17
Merit: 0
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December 05, 2017, 09:31:22 AM |
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yeah. but 100% exit scam. I don't know man....a lot of my money at stake here. But objectively I'm afraid it does look like it. I can only hope it's not!!!!!!!!! |
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commenkiz
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December 05, 2017, 09:32:36 AM |
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yeah. but 100% exit scam. I don't know man....a lot of my money at stake here. But objectively I'm afraid it does look like it. I can only hope it's not!!!!!!!!! all you can do is sell now. tbh .. it's a perfectly stage exit scam. |
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eumarmahal
Member
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Activity: 66
Merit: 10
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December 05, 2017, 09:33:11 AM |
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dev where are you?
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jr_007
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December 05, 2017, 09:35:40 AM |
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If dev wanted to sell his coins he could do when it was 5$ . Why now ?
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Xamito
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December 05, 2017, 09:37:48 AM |
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dev where are you?
Too busy dumping man |
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commenkiz
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December 05, 2017, 09:38:20 AM |
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If dev wanted to sell his coins he could do when it was 5$ . Why now ?
well, people saw they are quietly moving their coins. they announced platform launched in 12 hours , after 1 hour they moved 4mil coins. < it obvious |
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eumarmahal
Member
Offline
Activity: 66
Merit: 10
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December 05, 2017, 09:38:30 AM |
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dev said dont buy any creadence on exchange, so this is not a scam
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Xamito
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December 05, 2017, 09:38:36 AM |
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Come on Dev, half an hour without a dump. You are loosing it or you already dumped it all ?
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Xamito
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December 05, 2017, 09:39:38 AM |
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dev said dont buy any creadence on exchange, so this is not a scam
And you believe him ? Are you new to this ? |
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jr_007
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December 05, 2017, 10:04:51 AM |
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Any update from dev ? Dump seems over , back to 25K sat .
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ZEROtoken
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December 05, 2017, 10:08:02 AM |
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Some update from dev would be really nice
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otouzani
Newbie
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Activity: 38
Merit: 0
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December 05, 2017, 10:12:24 AM |
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I am not happy about this. They totally screwed up. I take it as a failed theft attempt! I am gonna sell and running away from this coin.
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jr_007
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December 05, 2017, 10:16:32 AM |
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hm...dump is not over yet . Dev, some updates pls.
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9to5crypto
Newbie
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Activity: 21
Merit: 0
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December 05, 2017, 10:17:51 AM |
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I am not happy about this. They totally screwed up. I take it as a failed theft attempt! I am gonna sell and running away from this coin.
If you check the block explorer only 1 in top 50 has moved any coins and it was only a small amount. |
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sini180
Newbie
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Activity: 5
Merit: 0
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December 05, 2017, 10:18:31 AM |
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hm...dump is not over yet . Dev, some updates pls.
Don't think there will be any more updates. |
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cryptojai
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December 05, 2017, 10:22:56 AM |
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Ohh god..whats happening ..Did i miss anything
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castello90
Newbie
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Activity: 20
Merit: 0
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December 05, 2017, 10:25:02 AM |
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Sadly, it looks like a perfect exit scam.
They keep us kind of updated, but nothing will happen from now on.
Who is saying that the website is coming online? I have the impression that they just copy-pasted the hextracoin design and added their own symbols and features to it.
We have been fooled from the beginning on.
No website will be launched. Credence is dead. :-(
The only thing I do not understand is why they made so much effort to create their own blockchain...
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ZEROtoken
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December 05, 2017, 10:33:11 AM |
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This is going to 0, exit scam
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credencecoin (OP)
Member
Offline
Activity: 84
Merit: 10
www.credencecoin.co
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December 05, 2017, 10:36:02 AM |
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Dev Message
1. What has happened is one of the devs who has control of part of the pre-mine has either been hacked or is selling.
2. We are unable to contact but have left several messages.
3. The site is completed and was due to release early in the next few hours we have put a hold on that given what has taken place.
4. This is NOT a planned exit or scam, we stood to make a whole lot more money by running the site and having the coin grow naturally it was trading strongly at $4 before this happened and probably would have hit $8-10 when we went live, so if we are doing a planned exit scam it is the most pathetic one in history. Nor would we be bothering to try and explain what has happened.
5. Our only hope is 2 of 2 things. 1. The Dev has been hacked and we can recover the majority of coins or 2. We can contact him and have him send the remainder of the pre-mine and personal and still run the site without a massive amount of unaccounted for CRDNC on the market. Should either of these things happen we would be in good shape but I do not hold out much hope at this stage.
6. Want to apologize to all investors and believers in this project, this was NEVER MEANT TO HAPPEN and after spending weeks and weeks getting the site ready to have this happen is so wrong it is unfathomable.
7. Can only offer sincere apologies and understand your anger and frustration and if there is anyway we can salvage the remaining majority of coins we will get the project running.
So in summary, the following could potentially happen -
A. The Dev with coins was hacked and if that is the case, we will recover all remaining coins and secure them in a public wallet or just burn them.
B. We can still operate the site but with the knowledge that there are around 2.2M of coins not accounted for.
C. Wait to hear what happened if the other Dev replies and what the status is of the coins.
It makes zero sense to just dump some pre-mine just before site launch and potential price gains so like you, are at a total loss as to why and how this has happened, once again apologies and if there is anything positive news wise you will be the first to know. This is not and was never intended to be an exit scam, if it was it is the worst performed one in history. Some of us had family and friends and even workmates invested in this project, not to mention the honest general public and words cannot describe the humiliation and embarrassment and regret felt right now.
If there is anything to update that is positive will do so ASAP.
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