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Author Topic: [ANN] CREDITS - New Blockchain for financial industry [OFFICIAL THREAD]  (Read 21614 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (24 posts by 4 users deleted.)
buurraakk
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July 22, 2018, 12:36:10 AM
 #621

Anything interesting happening with this coin?  I was planning to invest during the ICO but opted out due to some sketchy things with the staff, but have they been delivering on their promises? How did the main launch go?  Was the code released?

Nope. Nope. And nope.
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drippx
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July 22, 2018, 04:20:24 AM
 #622

We have to wait patiently for an official explanation.
dogtana
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July 22, 2018, 10:06:28 AM
 #623

We have to wait patiently for an official explanation.

No we don't have to wait patiently. They should do the explaining promptly.
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July 22, 2018, 10:29:37 AM
 #624

Credits.com at GameNode in Moscow







buurraakk
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July 22, 2018, 11:30:42 AM
 #625


Lol
Just sitting there at the audience doing nothing does not constitute ‘participating” and does not mean you have to tweet you are in the audience :’).

What a joke this token is.

No wonder it dumped 5% again.
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July 22, 2018, 07:42:36 PM
 #626

Many thanks to our community for joining Q&A session on YouTube! Follow the link to watch it, if you missed:
https://youtu.be/Bmo6_FqNENM

Excellent production .... at last!

That's my phonetic angelic name that you're using
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July 22, 2018, 07:49:10 PM
 #627

Unfortunately, without any word on current TPS speeds this project is becoming useless, the promising 1 million tps seems like a scam promise, even that 400k tps was probably fake.  Now they claim that mainnet is available for close investors and testnet is out, but no word on tps, there seems to be only 40-50 tps which is a far cry from the promising speeds...  All they had to do is achieve 20k - 30k tps to compete with Visa and Mastercard, why even claim such ridiculous speeds if you can't even do 100tps....

I am afraid I have to pull out my investment from CS, this project is doomed to fail and price will crash to $0,03 cents if no news about tps speeds coming.  This is a lost cause, soon they will run out of ico funds and will start firing their big staff (which is too huge, 150 developers? really??, not even Ethereum has so many devs!).  

This project was just way overhyped, and now losing steam and will vanish without a trace...
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July 22, 2018, 08:09:11 PM
 #628

Unfortunately, without any word on current TPS speeds this project is becoming useless, the promising 1 million tps seems like a scam promise, even that 400k tps was probably fake.  Now they claim that mainnet is available for close investors and testnet is out, but no word on tps, there seems to be only 40-50 tps which is a far cry from the promising speeds...  All they had to do is achieve 20k - 30k tps to compete with Visa and Mastercard, why even claim such ridiculous speeds if you can't even do 100tps....

I am afraid I have to pull out my investment from CS, this project is doomed to fail and price will crash to $0,03 cents if no news about tps speeds coming.  This is a lost cause, soon they will run out of ico funds and will start firing their big staff (which is too huge, 150 developers? really??, not even Ethereum has so many devs!).  

This project was just way overhyped, and now losing steam and will vanish without a trace...

Good thing is their identities are known. Smiley

Unlike most other scams.
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July 22, 2018, 08:45:57 PM
 #629

Unfortunately, without any word on current TPS speeds this project is becoming useless, the promising 1 million tps seems like a scam promise, even that 400k tps was probably fake.  Now they claim that mainnet is available for close investors and testnet is out, but no word on tps, there seems to be only 40-50 tps which is a far cry from the promising speeds...  All they had to do is achieve 20k - 30k tps to compete with Visa and Mastercard, why even claim such ridiculous speeds if you can't even do 100tps....

I am afraid I have to pull out my investment from CS, this project is doomed to fail and price will crash to $0,03 cents if no news about tps speeds coming.  This is a lost cause, soon they will run out of ico funds and will start firing their big staff (which is too huge, 150 developers? really??, not even Ethereum has so many devs!).  

This project was just way overhyped, and now losing steam and will vanish without a trace...

Good thing is their identities are known. Smiley

Unlike most other scams.

Thats the only reason it hasnr crashed to $0 yet.
Because t is linked to Nitin Gaur and Arjan eikelenboom.

Otherwise it would have vanished already.

But i’m guessing those two will soon silently break all links woth credits
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July 23, 2018, 06:51:55 AM
 #630

They should let us know about TPS ASAP! I want to give them a fair chance but they must cooperate with us. So come on devs!

Meanwhile what alternative is there with very high TPS? And don't say Lightning network because that is a joke that won't work Grin
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July 23, 2018, 07:05:50 AM
 #631

They should let us know about TPS ASAP! I want to give them a fair chance but they must cooperate with us. So come on devs!

Meanwhile what alternative is there with very high TPS? And don't say Lightning network because that is a joke that won't work Grin

You can follow the team on their website and blogs, medium, twitter, etc...they are working on delivering fast tps and have partnerships with enterprises

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July 23, 2018, 07:07:18 AM
 #632

Unfortunately, without any word on current TPS speeds this project is becoming useless, the promising 1 million tps seems like a scam promise, even that 400k tps was probably fake.  Now they claim that mainnet is available for close investors and testnet is out, but no word on tps, there seems to be only 40-50 tps which is a far cry from the promising speeds...  All they had to do is achieve 20k - 30k tps to compete with Visa and Mastercard, why even claim such ridiculous speeds if you can't even do 100tps....

I am afraid I have to pull out my investment from CS, this project is doomed to fail and price will crash to $0,03 cents if no news about tps speeds coming.  This is a lost cause, soon they will run out of ico funds and will start firing their big staff (which is too huge, 150 developers? really??, not even Ethereum has so many devs!).  

This project was just way overhyped, and now losing steam and will vanish without a trace...

Good thing is their identities are known. Smiley

Unlike most other scams.

No project success overnight, many successful companies we see today takes years, Credits is a new blockchain with a high tps, still lots of work, development,etc...

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July 23, 2018, 07:08:38 AM
 #633

Credits.com at GameNode in Moscow









Great picture and great presentation, great to see Credits at Gamenode in Moscow and promoting the project, bring community together and supporting Credits project!

buurraakk
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July 23, 2018, 07:36:33 AM
 #634

Nitin Gaur has removed Credits from his Linkedin profile.

Has Nitin left the project?
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July 23, 2018, 07:48:43 AM
 #635

CREDITS is an automated Blockchain system that will make the project stand out from other Blockchin technologies. This is a project that is suitable for a variety of industries and needs. Continuing to improve and perfect the technology will enhance the value of the project!

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July 23, 2018, 07:57:40 AM
 #636

despite all the stuff and no info about TPS (I also think it's stinky to say mainnet is up but only for private companies..) 
despite it sound like a scam I couldn't not to risk and buy some more at todays price
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July 23, 2018, 09:55:33 AM
 #637

despite all the stuff and no info about TPS (I also think it's stinky to say mainnet is up but only for private companies..) 
despite it sound like a scam I couldn't not to risk and buy some more at todays price
It will go down further more imo.
No visible progress for us, attending conferences is not enough for people to invest in.
Also, youtuber Suppoman shilled it, which is a huge red flag (if you look which projects he shilled in the past and where they are today, you will know what I mean)
buurraakk
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July 23, 2018, 10:17:28 AM
 #638

I have been monitoring the behaviour of the largest Credits holders for the past week (i've missed a few days so dont pay attention to the date).

This is my initial result:
http://i64.tinypic.com/2mmd4q0.png


As you can see, the top 11-250 have increased their # tokens held from 42.5m to 45.0m in a few days time.

However, top 10 has decreased by nearly the same amount.
This decrease is the result of 1 giant account that has seen outflow, which I found out to be KuCoins wallet.

So, apparently, the tokens have been sold on KuCoin, and promptly moved off KuCoin.
This does imply, I think, that long-term hodl'ers (off-exchange wallets) have bought the tokens at decreasingly lower prices from short term speculators (people who keep their tokens on the exchange).

So long-term there does seem to be some insider trading at the moment with large whales preparing for a massive price gain in the future.

The top250 whales did invest circa $1m in credits by buying the tokens from small retail investors and then moved the tokens to their own wallets for long-term holding.

This doea give some reassurance, but it almost seems as if the cs  team and whales are conspiring to buy the tokens as cheaply as possible.
buurraakk
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July 23, 2018, 11:31:33 AM
 #639

Wauw did I cause this dump? XD

AmaZing the token has dropped 75% in value since may, but the team still refuses to buy a decent exchange listing.

Makes you wonder what they did with the ICO funds?
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July 23, 2018, 12:51:08 PM
 #640

So mainnet has launched. Now what? How do we get the coins for tokens? Are there any airdrops or active projects?
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