Some of you will call this FUD and question my motives, but I ask you to read this post and remember that I only posted in remme sub because I was restricted on telegram channel for asking simple questions, I posted in remme sub precisely so that remme can delete my post after they give proper reply and finally, before posting this I waited for Friday announcement to see if they actually were working on partnerships or if it was all hype so they can dump tokens.
For the rest of you who stumble on this post in your research of REMME as investment, I suggest you read all the red flags I mention and make your own conclusion.
To start, I present founder and co-founder of REMME:
- This is Alex`s ( REMME CEO and founder), have a look at his “expertise”:
https://imgur.com/y8CdDtK This was published on official medium, but edited later after people started questioning it. So basically, remme CEO / founder, developing a blockchain revolution in passwords believes he can “hack” the password he forgot, with a keylogger?! Person on telegram chat screenshot is Kate Pospelova, Co-Founder of REMME. Alex jumped in later to explain that he actually hacked the password with “brute force”. In conclusion, either founder or co-founder has no clue on what keylogging is.
- I made a post on reddit and it was deleted. In that post, I claim “advisers” (or team or whoever got those 100 million on start) from remme are dumping tokens on the market (more about it in next point).
These are the images Alex gave as proof of his investigation / conclusion and community on telegram believed him:
https://imgur.com/RsSKgvyhttps://imgur.com/njhGgIeIt would seem, entire REMME community took this as a proof of Alex`s investigation, it would also seem not one of them tried to click on these images to see they are blurred? You cannot read them. So basically, REMME CEO says, we are working on it, showed blurred images of some TXs they are following and said “nothing to see here”. Community went along with it.
- Since March 3rd, they had this announcement of annoucement for “next week”:
https://imgur.com/Brc2nY9On March 30th, they gave names of “partners” (
https://medium.com/remme/some-fascinating-stats-on-applications-for-the-remme-2018-pilot-program-80f9d2b55ccc), 3 companies we knew about in 2017, 1 company from January 2018 and “triggmine” from March 20th (Alex from REMME is on advisory board of this company). Other than these 5 companies, now they claim:
https://imgur.com/2McqajNGonna gues they need another “hype” to dump more tokens. To sum it up, they announced the announcement of BIG announcement on March 3rd, waited until March 30th, gave old information (largely from 2017), but sneaked in that they are in talks with 2 large companies (to be announced!).
- Remme is listed only on “fast to list” exchanges, Tidex and IDEX (not even mentioning ED). Why list only on those exchanges? On this I will speculate and say, someone wanted to dump a lot of tokens fast (hence the hype at start), without investing too much money or wasting time.
- Now for the previous claim that team (advisers as they say) dumped their 100 million tokens right after listing on exchanges: wallets with tokens worth 10s and 100s of ETH, waited for listing on exchange to sell those tokens in half price or less, wallets with tokens issued outside of community token distribution dates combining multiple wallets into one and transfering them straight to IDEX / Tidex (follow it up on etherscan), wallets with millions of tokens dumping them from day 1 etc. Asked REMME to give us wallet addresses of “advisers” that got these 100 million tokens on start, they refused and still refuse to share that information!
- One fact remains, after I raised “advisers dump tokens” issue and made a post on reddit (15th of March), price has been stable in ETH. Before the post, it was in downward spiral! I have little doubt that community questioning this together with posts about this, has had an effect on them to stop the dump temporarily.
- If you ask them about masternodes and economy. All you will hear is Q3 and with price this much down there will be numerous people who qualify for masternodes, but the thing is, just a little before Q3, 850 million tokens will be unlocked in total! Here are the numbers:
500 million tokens sold in ICO
100 million unlocked and given to “advisers” (btw, check their advisers and see if all of them are worth 4.5 million USD they already received not to mention another 100 million more they will receive)
100 million reserve fund (they already spent 296k from this fund, was 250 some 2 weeks a go. Basically, 1 month after ICO, they are already spending reserve funds). It is small amount but surprised they need reserve funds after 20 million USD raised in ICO.
100 million for “advisers” will be unlocked in 6 months with 3 months cliff.
200 million for team locked for 2 years with.... you guessed it... 6 months cliff.
So a summary would be, 700 million already unlocked, at LEAST another 150 million will be unlocked by August. That is just a little bit before Q3.
- Telegram channel has almost 20k members, but there is little to no talk. Been in channels with 5 times less members that look more alive than remme with 20k. Are these even real numbers?
As we are entering April, their own team/ “advisers” dumped tokens on people as much as they could, there is no talk about exchanges (saving money they say), nothing on partners (unless you count “Best of Ukraine” there which I personally dont), and a person who will lead this “password revolution” is “hacking” himself with a “keylogger”.
This is a summary of where remme was, what happened to the price and what you have to hope for in future. I am pretty sure this is a well thought out scam and I hope everyone who reads this, researches these red flags about this project and at the very least, they dont dump the rest of their tokens on you and make more millions.
