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Author Topic: Binance should stop Launchpad service and pump dump  (Read 307 times)
michellee
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March 02, 2019, 06:22:46 AM
 #21

Anyway, Binance operator should be prepared for an US intervention, the SEC will not let a scammy exchange run and make money on securities fraud.

I don't think that will be a problem for Binance since they become widely and many traders join with them. I am sure that Binance will take care of that, so traders don't have any problem while they trade. I think Binance cannot stop the pump & dump drama as they don't have full control of the market and they could only stop the pair for a while to make the pair get calm. I think Binance soon will become larger than now if they can maintain their services and they can give better than the other exchanges.

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Obiwankenodium
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March 02, 2019, 08:46:04 AM
 #22

Anyway, Binance operator should be prepared for an US intervention, the SEC will not let a scammy exchange run and make money on securities fraud.
binance only problem will be they cant offer their services to US citizens, like bitmex. Dont think they will care a lot as us citizens that want fo use binance after a US ban will just use a VPN.

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March 04, 2019, 07:16:32 PM
 #23

You are actually making a good point, but we are actually the wrong person to channels this complain too, it is better to look for the ceo of binance on social media website like linkedin and tell him your observation and why you think the move isn't a good one and how he can project himself from making this kind of move anymore.

Though I believe they have made all their consideration and analysis before even accepting to least the token.

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malikusama
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March 04, 2019, 08:46:18 PM
 #24

As well we everyone know about Binance Launchpad service. They launce ICO on their platform and list on their exchange also. Although they do not give guaranty that they will list Launchpad token but we can see they did it few days back.

Why I think they should stop this service ? There is reason.  Actually not much people's were buy their previous Launchpad token BTT. Most likely they bought themselves and hard pump after listed on exchange. Even I didn't invest on it but this pump effect on others coin. All coin volumes reduce and divert to BTT token. So automatically others token price dropped suddenly because Binance is a most important exchange now due to huge volume. That the reason other traders became on loss. I can say this pump and Launchpad is harmful for small traders like us.

Binance should stop this in order to keep quality trading. Otherwise may be people's will move their fund on other exchange like I have already have moved few fund on others exchange.

So what you think about it ?

It is obvious, not a new thing i guess, If you are in altcoins trading you should be aware of these pump dumps.
I don't know much about Binance Launchpad but i didn't find anything wrong in it, launching new projects with good vision is not a bad idea.
If you are small trader you should train yourself to move your coins instantly according to the situation and scenario.
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March 04, 2019, 08:57:37 PM
 #25

Say it to Arturo from BitMex. There was a huge pump of tron. +50% in a 15 min. Millions of contracts was eliminated including mine.
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March 04, 2019, 09:42:25 PM
 #26

Dont think they will care a lot as us citizens that want fo use binance after a US ban will just use a VPN.

Bitmex doesn't (yet) force you to verify yourself like regular/spot exchanges do. If for whatever reason you trigger Binance's security system and they want your documents, you're pretty much ruined it for yourself. Providing them your US documents will point out that you violated their terms, and who knows what the consequences of that are.

In other words, you should care. Binance is busy trying to market itself as a trustworthy brand where they slowly but surely try to comply with the jurisdictions they operate in.
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March 04, 2019, 10:19:15 PM
 #27

It has portrayed itself to be the leading cryptocurrency exchange. Also it is the one that has got the got the best in the market with the increased circulation compared to many other exchanges available in the market. Launchpad service is a kind of public sale and the same is done with familiar firms, and there are people who make good money out of the same as the token is being listed to Binance shortly.

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March 04, 2019, 11:20:01 PM
 #28

As well we everyone know about Binance Launchpad service. They launce ICO on their platform and list on their exchange also. Although they do not give guaranty that they will list Launchpad token but we can see they did it few days back.

Why I think they should stop this service ? There is reason.  Actually not much people's were buy their previous Launchpad token BTT. Most likely they bought themselves and hard pump after listed on exchange. Even I didn't invest on it but this pump effect on others coin. All coin volumes reduce and divert to BTT token. So automatically others token price dropped suddenly because Binance is a most important exchange now due to huge volume. That the reason other traders became on loss. I can say this pump and Launchpad is harmful for small traders like us.

Binance should stop this in order to keep quality trading. Otherwise may be people's will move their fund on other exchange like I have already have moved few fund on others exchange.

So what you think about it ?

Do you have any proof what you claim?
That the BTT haven't sold out much during the ICO and Binance bought most of the BTT and later on pumped for their own benefit?

What we think will be based on proof and if your claim is true then yes I think traders of Binance should give a deep thought of trading there anymore.

If Binance can manipulate one token than they can manipulate any token any time.
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March 07, 2019, 07:33:10 PM
 #29

You are absolutely right, mate! Even I did not expect this pump dump scheme things from the top exchange like Binance. They are manipulating the crypto market openly in front of everyone and most of the people are supporting it. But why? I did not have any intention to buy tokens from the Binance launchpad, but within 15-20 minutes, BTT all token was sold out! So, everybody knows now, it was bought from the Binance ownself and then they started manipulating! What is this exactly? We should stop supporting these bad tasks. I stopped trading in Binance and I hope many aware people will do the same.

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