A silent scam "Binance Launchpad".

[The Cryptovator]

Although I am not good article writer but I want to share my felling with community. We all know about Binance Launchpad, today they have successfully sold out Fetch.AI . Can you imagine token sell complete within 10 second? Same thing happened on BTT token. I am not blaming any projects. Because I believe this is a Binance politics.

I am suspecting they are holding token themselves. Very few tokens are distributing among the users. But they announced successful sell and there is 2758 contributors. I don't like to believe that this holders hold all the token. Binance will pump the token after list by manipulation and general trader will start buy. Then Binance will start sell their holding token to raise money from user. Lot of trader will loss on it, but its true few whale will get profit as well. That's why I called it silent scammer. I know we can't do anything about it, but we should avoid this kind of pump dump situation. What is your thoughts ?   

[suzanne5223]

I dont know if the claim about the mentioned project was truth but the form of scamming method mentioned was not something new in the crypto currency world because XRP done it either and this why is better for every investors to study the genuinely level of community support of a project before investing into it.

Since this issue is raised the community will definitely keep their eye open.

[Bitum]

it was 22 sec, not 10, but that does not change, it was still lightning fast. I do not think it's scam, binance has just found a very good source where they can make the easy money because with classic ICOs' more or less is over