Amit Bhardwaj, founder of GainBitcoin, who investors discredit as the mastermind of the Ponzi-like marketing scheme, is presenting the termination of contracts as a reboot of the company’s operations, according to messages and FAQs being put out by early investors in the scheme. Since we wrote our previous story on the impending implosion in the GainBitcoin empire, the value of MCAP – Bhardwaj’s wonder crypto token that was issued in April promising investors fantastic returns mimicking cryptocurrencies such as Bitcoin – has nosedived.
With the latest move, the second such pivot in a span of three months, which some investors feel is an eyewash to cover up,unpaid dues to them, all existing contracts with GainBitcoin will be terminated after investors are paid the remaining amounts in one shot as MCAP tokens over one week. This new plan, according to GainBitcoin, will raise the value of MCAP token, which according to the company, has been facing the brunt of profit-taking by some greedy investors.
Dr Deepak, who called himself a first-level investor from Pune, detailed in a message to investors he and his downlinks have brought on board GainBitcoin the crux of the problem as he saw it: “GB is constantly distributing huge payouts regularly to all its customers and also trying simultaneously, through its leaders, to educate all common investors to hold the MCAP payouts. A message shared by another early GainBitcoin entrant suggested investors average their buying price of MCAPs.
GainBitcoin is also in the process of partnering with ICOs to provide which investors can buy into using their MCAP tokens, according to a message from Team GainBitcoin, the account from which the company officially communicates. According to the investor, who does not want his name taken over worries that he will be locked out by GainBitcoin managers, there was a small rush to buy MCAP tokens when Ethereum mining contracts were announced in September, as you needed MCAP to buy these mining plans, but the investors who bought MCAPs then are in a big loss now.
https://factordaily.com/gainbitcoin-mcap-token-value-crashes/
