[ANN] CREDITS - New Blockchain for financial industry [OFFICIAL THREAD]

[Smitten_Semi_Cameroon]

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!

[reffi]

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...

[larsbalzak]

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.

Unlike most other scams.

[buurraakk]

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.

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

[dogtana]

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

[theleaf]

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

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

[theleaf]

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.

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...

[theleaf]

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]

Nitin Gaur has removed Credits from his Linkedin profile.

Has Nitin left the project?

[muzkle]

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!

[amintek15]

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

[PS1987]

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]

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]

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?

[robroyman]

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

[buurraakk]

Hi .
Looking forward for more updates! Really well job, unprejudiced idea!

Ban these fakking bots

[Karl Max]

Meet the Team. Arseniy Myakotnikov | Head of community department at Credits▪️

Click here for watching: https://youtu.be/ecLUb9cl0e4

[npredtorch]

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

They said it would be around the Q4 of the year.

On the other side..
Credits website is unreachable. Is this it?

[buurraakk]

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

They said it would be around the Q4 of the year.

On the other side..
Credits website is unreachable. Is this it?

Website is online.
Monitor is offline though

[Smitten_Semi_Cameroon]

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

They said it would be around the Q4 of the year.

On the other side..
Credits website is unreachable. Is this it?

Website is online.
Monitor is offline though

Credits.com is down .... nothing on Twitter or Telegram?

I think the price is being driven down on purpose, to ICO, why is the question?