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

[Smitten_Semi_Cameroon]

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

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

This guy has the personality of a pet rock.

[larsbalzak]

Sebastian787 was right, he warned us all. Better stay away from this scamproject.

[buurraakk]

Sebastian said they would run with the money.
They havent done that, and it’s still seems to be “running”.

But yeah they might close the doors soon, saying the community turned on us boohoo we dont want to work anymore boohoo thanks for tr money boohooo.

And they are gone.

[Scooby903]

Do you have any changelog what has been done since the first testnet release? where can i find it?

[PS1987]

Fake bot accounts appearing. Another bad sign.
I am in loss now but thinking about selling, don´t have a good feeling about this anymore.

[dogtana]

Fake bot accounts appearing. Another bad sign.
I am in loss now but thinking about selling, don´t have a good feeling about this anymore.

But what if we are wrong and you can only buy it back for a higher price then?

[Smitten_Semi_Cameroon]

Sebastian said they would run with the money.
They havent done that, and it’s still seems to be “running”.

But yeah they might close the doors soon, saying the community turned on us boohoo we dont want to work anymore boohoo thanks for tr money boohooo.

And they are gone.

As I recall, most of the money is tied up in escrow, so there's not exactly a pathway for that sort of exit.  

However, the lack of communication on Twitter or Telegram, as to why their website is down is interesting. I think this is potentially a deliberate attempt to shake out the weak hands, but this is just a theory, based on the way they eliminate any critics, or perceived critics on their Telegram channel. What better way of eliminating your critics than to simply scare them into selling?

As crazy as this sounds, I would argue that now is the time to buy, actually.

[larsbalzak]

Sebastian said they would run with the money.
They havent done that, and it’s still seems to be “running”.

But yeah they might close the doors soon, saying the community turned on us boohoo we dont want to work anymore boohoo thanks for tr money boohooo.

And they are gone.

As I recall, most of the money is tied up in escrow, so there's not exactly a pathway for that sort of exit.  

However, the lack of communication on Twitter or Telegram, as to why their website is down is interesting. I think this is a potentially a deliberate attempt to shake out the weak hands, but this is just a theory, based on the way they eliminate any critics, or perceived critics on their Telegram channel. What better way of eliminating your critics than to simply scare them into selling?

As crazy as this sounds, I would argue that now is the time to buy, actually.

This is stupid, you should never scare your customers away.

[MiBambino]

Fake bot accounts appearing. Another bad sign.
I am in loss now but thinking about selling, don´t have a good feeling about this anymore.

But what if we are wrong and you can only buy it back for a higher price then?

fake bots appear on every thread these days. I wouldn't sell anything right now unless you need to, the market is on the edge of recovery IMO so it will take this project with it once its going back up

[reffi]

Very strange indeed, website down all day and no word 
Maybe they got hacked and are panicking now or something?! wtf...

[Smitten_Semi_Cameroon]

As I recall, most of the money is tied up in escrow, so there's not exactly a pathway for that sort of exit.  

However, the lack of communication on Twitter or Telegram, as to why their website is down is interesting. I think this is a potentially a deliberate attempt to shake out the weak hands, but this is just a theory, based on the way they eliminate any critics, or perceived critics on their Telegram channel. What better way of eliminating your critics than to simply scare them into selling?

As crazy as this sounds, I would argue that now is the time to buy, actually.

This is stupid, you should never scare your customers away.

I think it’s about as stupid as banning someone from their telegram channel, simply for suggesting that the team attend Comic Con in San Diego, as part of their marketing plan.

Some idiot in Russia probably read the word “Con” and thought I was suggesting some form of fraud.

If you sell, because you think they’re idiots, I think you would be right.

[buurraakk]

Take their telegram channel with a grain of salt. It’s an utter mess and chaos.

Same for their twitter feed. Bullshit all over.

Only thing keeping me interested in this projecf is the involvement of the IBM director (he has credits on his linkedin page) and the audits kf 2 respectable auditors that are supposedly ongoing.

But wont save this project from crashing to ICO prices though

So i’ll aim to buy 10k at c $.10 somewhere in the next frw weeks.

I sold my stash at $.32 so I have some leeway before needing to buy back.

[Smitten_Semi_Cameroon]

Take their telegram channel with a grain of salt. It’s an utter mess and chaos.

Same for their twitter feed. Bullshit all over.

Only thing keeping me interested in this projecf is the involvement of the IBM director (he has credits on his linkedin page) and the audits kf 2 respectable auditors that are supposedly ongoing.

But wont save this project from crashing to ICO prices though

So i’ll aim to buy 10k at c $.10 somewhere in the next frw weeks.

I sold my stash at $.32 so I have some leeway before needing to buy back.

I sold about 2/3 of my holdings of Credits at $.53, But I really think there will be a pretty good pop at $.18 which was the ICO price. I don’t think it’s going to the pre-ICO level, because I suspect the market is going to turn around this fall and later in the year, at large. If bitcoin gets back above $10,000, I think all boats will float Higher, and the protocols, especially.

Most of the money supporting the entire crypto market, is related to the gambling phenomena in Asia. If you’ll notice, Coinbene been has suddenly accelerated to the top of the volume list, for Credits, and there is a reason for that. Those are primarily Asian buyers, as opposed to the western buyers which you find on KuCoin.

[buurraakk]

Coinbene is 99% fake volume lol.

[googal]

check out the MASSIVE buy volumes 23rd on coinbene, but why?
website still down

[Smitten_Semi_Cameroon]

I jumped on the Telegram channel, and the official word is that they are updating their DNS servers.

I watched half of their new, live press conference on YouTube, and while it's an improvement, it's still looks like a team who is banking on something besides a fan base. You can take that as a negative, or as a positive.

I have read that the whole point of having an ICO, is because you don't have to answer to your investors in any meaningful way, and this would see to be what we are seeing now.

[Arrrvin]

The website is up and running.

So we were probably informed correctly about the DNS servers.

However they could have informed their community in advance to avoid panic.

[-Kaizer-]

What makes credits outstanding compared to the competitors? Where is the mainnet? They said they were launching it a month ago

[Menon-Mike]

I am review in concept on your plan, It is really nice.
Excellence logo, a rather interesting idea, advisable idea!

[Arrrvin]

What makes credits outstanding compared to the competitors? Where is the mainnet? They said they were launching it a month ago

Let me summarize that for you:

Volume
More than 1 mln tx per sec

Speed
0.01 sec for operation

Low price
Less 0,001 of USD

Advanced smart contracts

Mainnet is near completion. The beta version is up and running. Give it a try at https://credits.com/en/Home/index and buy some CS at the exchanges now it is still cheap. After a year you might see it featured at the Coinmarketcap top 10 with an expensive price.