 |
April 25, 2018, 03:33:45 PM |
|
Where do I start?
After investing in Oyster, right after the ICO - I believed I found a winner. On paper, the idea is great, and at the time the team were very active and helpful in answering all the questions I had. However, later on, the relationship between myself and the team broke down after many disagreements. I was still an ardent supporter of the Oyster project.
Since then, two things have happened that have made me realise this project is quite obviously a scam - insider trading, over promising and under delivering.
Not long ago, the Oyster team were caught selling off 700k PRL just before announcing the delay of the airdrop they had planned. People were angry, and I defended the team - you can check my post history. I gave them the benefit of the doubt, and was fighting fud because this was a project I believed in.
Fast forward to today. So as the market was recovering, for some reason, Oyster was not. at face value I thought nothing of it - just the irrational market and that the Oyster mainnet that was supposed to be released at the end of April, would make people start buying and thus increasing the price of Oyster.
This did not happen. Today the Oyster team have announced a delay to the mainnet, now scheduling it for May 29th - all the while, they have been promising people in the telegram the mainnet will be released by the end of the month.
Now given the past, i can't help to think that the reason why Oyster was not increasing in price whilst the whole market was, was because the team were selling off - knowing that the delay would cause a drop in price.
As the anonymous CEO bruno would say "we are not bitconnect" - well you're increasingly becoming like them.
P.S. as an original investor and PRL whale - stay away from this project. Don't take my word for it, do your own research and you will see.
Good luck, Jullz
|
