Oyster Pearl just scammed us

[William.H]

Please read the clarification posted here: 
https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

We posted back on February 2, 2018. The following medium article that outlines the spending of the rest of the supply the team has.
https://medium.com/oysterprotocol/oyster-pearl-team-update-4-f2cc22eca1a7 

The claims of dumping 700,000 are nothing but people jumping to conclusion without waiting for an answer.

[Packers1985]

The funny part is most of them who are reacting hard has a BITCOINTALK forum ranking as full member...
If this was some jr.member or newbie that's some what understandable.

[yura_878]

This is really bullshit. This is a good blow to the reputation of the project, I think that after such actions, this project will not succeed

[Packers1985]

This is really bullshit. This is a good blow to the reputation of the project, I think that after such actions, this project will not succeed

LOL man ....What made you say that
You only follow some crazy fudder with baseless accusations.

[creativenl]

Stop spreading false information.
Read this explanation from the team

https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

[Packers1985]

Stop spreading false information.
Read this explanation from the team

https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

Come on bro, most of these guys here are already on an agenda. So even if you show real proofs they are not ready to listen.

[creativenl]

Please read the clarification posted here: 
https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

We posted back on February 2, 2018. The following medium article that outlines the spending of the rest of the supply the team has.
https://medium.com/oysterprotocol/oyster-pearl-team-update-4-f2cc22eca1a7 

The claims of dumping 700,000 are nothing but people jumping to conclusion without waiting for an answer.

[freestyle07]

So they dumped and then made the announcement about issue with Kucoin?  OMFG

Also the reddit post doesn't prove much aside from the fact they had to sell 1/5 of their fund this quarter for expenses.  That's the real takeaway.  One hell of a burn rate.  Even if the project is not a scam its burning assets way to fast.  Very risky.

Also the management compensation part is classic.  Most likely going to the anonymous project leader.  I guess he gets his Lambo.

[William.H]

Please read the clarification posted here:
https://www.reddit.com/r/Oyster/comments/895bm2/clarification_on_snapshot_movement_and_dev_funds/

We posted back on February 2, 2018. The following medium article that outlines the spending of the rest of the supply the team has.
https://medium.com/oysterprotocol/oyster-pearl-team-update-4-f2cc22eca1a7

The claims of dumping 700,000 are nothing but people jumping to conclusion without waiting for an answer.

[Packers1985]

So they dumped and then made the announcement about issue with Kucoin?  OMFG

Also the reddit post doesn't prove much aside from the fact they had to sell 1/5 of their fund this quarter for expenses.  That's the real takeaway.  One hell of a burn rate.  Even if the project is not a scam its burning assets way to fast.  Very risky.

Also the management compensation part is classic.  Most likely going to the anonymous project leader.  I guess he gets his Lambo.

Just show single proof before making such accusations.

[runningfast]

Looks odd when a group keeps spamming the exact same message.  The guys running the project seem a bit desperate.  

I guess they were just practicing moving funds around.

https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7

Appears we are seeing the death throws of a failing project.  Just a few more suckers needed.

[Olivia_Nielsin]

I am already in this project invested in January

Have not you still lost faith in this project?

[runningfast]

Idiots. Why did you decide that the developers made the fall of the course? More than 1 million coins were purchased a week before the growth . This could be done by any investor, because he was already in the big plus. Stupid hamsters.

Here is just some screenshots

https://i103.fastpic.ru/big/2018/0403/c0/112af84831e406d4a5602bb01db666c0.jpg

Wow Oyster is a classy bunch!  

Chickens, Hamsters and now idiots. 

[Packers1985]

Idiots. Why did you decide that the developers made the fall of the course? More than 1 million coins were purchased a week before the growth . This could be done by any investor, because he was already in the big plus. Stupid hamsters.

Here is just some screenshots

https://i103.fastpic.ru/big/2018/0403/c0/112af84831e406d4a5602bb01db666c0.jpg

Wow Oyster is a classy bunch!  

Chickens, Hamsters and now idiots. 

Obvsly some idiots deserves that...

[mckayday]

So here are the facts

1) This quarter they burned 6.7 million out of 30 million.
2) The management incentive compensation being planned out before product release
3) Bruno Block the project leader is anonymous
4) 700,000 moved from the dev wallet to be sold.  We don't know when but it was sent to Kucoin for a reason -  https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7
5) Bruno Block the project lead calls everyone "fanatical chickens"
6) For the last few weeks the admins told Telegram participators that Kucoin was 99.99% even though it appears as though there were communication issues.  
7) Pearls were sold by the team during that period for expenses while maintaining the airdrop support by kucoin was 99.99% when it indeed was not (insider trading)

Wow seems like a great project.  I'm going all in!!!

There may be a bunch of Bitconnect investors who love this deal.  

[Apex Investments]

I've been on the receiving end of an exit scam so I understand what you are going through. 

I think the main thing is to avoid anonymous teams.  There isn't a good reason to have an anonymous team since it greatly increases the risk of an exit scam or other shady behavior.

Basically, the team is trying to say that they know they are breaking the law and want to avoid getting caught.  I've made this mistake once and won't make it again. 

[tamango]

I don't trust any project that have no indicated dev and whole main team..... it can prevents things like this....

[boss1dg]

Oyster Pearl dev team just dumped 700k PRL and then informed everyone about a delay in the airdrop.  They are also attempting to deny they did it however the blockchain doesn't lie.  Beware guys. 

Holy shit. Do you have a source for this? I received some of their tokens during the airdrop.

I dumped around 50% of it some weeks ago. Any proof available?

oh god here too ,

you are replying same thing again and again in each thread ..

do you take decision like this everytime ?

there is telegram / twitter / emails / reddit / medium for updates  you can get answer to any FUD from these channels ..

[boss1dg]

I don't trust any project that have no indicated dev and whole main team..... it can prevents things like this....

so what is this ??

https://oysterprotocol.com/#core-team

team photo is there with linkedin profile and if you still not believe it then just do google the image .

[mckayday]

I don't trust any project that have no indicated dev and whole main team..... it can prevents things like this....

so what is this ??

https://oysterprotocol.com/#core-team

team photo is there with linkedin profile and if you still not believe it then just do google the image .

The lead of the project is a blue circle.  What is he a baseball mascot?

The facts still remain.


So here are the facts

1) This quarter they burned 6.7 million out of 30 million.
2) The management incentive compensation being planned out before product release
3) Bruno Block the project leader is anonymous
4) 700,000 moved from the dev wallet to be sold.  We don't know when but it was sent to Kucoin for a reason -  https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7
5) Bruno Block the project lead calls everyone "fanatical chickens"
6) For the last few weeks the admins told Telegram participators that Kucoin was 99.99% even though it appears as though there were communication issues. 
7) Pearls were sold by the team during that period for expenses while maintaining the airdrop support by kucoin was 99.99% when it indeed was not (insider trading)