FET & BINANCE Best of Scam ???

[rjp55]

IEO doesn't mean a guaranteed profit. 61 btc is a huge amount to risk in just one token.

Price drop doesn't mean scam. It can happen in any project.

[FlamingFingers]

I was not lucky to buy FET IEO during the sale on Binance launchpad,  I bought during exchange listing and I'm so disappointed I bought it after it was listed on the exchange  because it keeps dumping almost every day and night,  I'm a little bit glad I sold around 8k Satoshi after buying at 12k sat now it's around 2k sat

[freedomgo]

I was a member of binance telegram group, I remember his project people love to hype it.
However, I cannot say if this project is clearly a scam because only OP made this accusation with a question mark though.. but the statement is saying it's a scam. The volume is still there actually, trading at over $7million dollars as of this writing so I guess it's just that price dump, besides investing does not guarantee profit.

[GenjiNakamura]

I was a member of binance telegram group, I remember his project people love to hype it.
However, I cannot say if this project is clearly a scam because only OP made this accusation with a question mark though.. but the statement is saying it's a scam. The volume is still there actually, trading at over $7million dollars as of this writing so I guess it's just that price dump, besides investing does not guarantee profit.

Go to their group and see, no one is told, investors only need to ask about prices immediately deleted or permanently banned. THEY ARE NOT RESPECTING INVESTORS .. nobody is talking in their group. I agree their prices can't tell them scam but their behavior is like a robber dog
https://serving.photos.photobox.com/916376329ac5f1f5b731b8eb81f121eb66881187760d2be637adc4ce6038e3ad782da753.jpg

[Olatunjex]

Binance is not a saint when it comes to harbouring scam project, i could remember vividly Centra scam, binance is after the money and not the credibility of the project they are listing, even binance so called dex and centralized exchange which they want to use to get more fund from those who can't afford to pay for it's centralized exchange.

[makerst]

I think that lately a lot of people are already thinking about the fact that cryptocurrency as a whole is a big scam. Therefore, to talk today about the scam of such big players as a whole is already a very big assault. Although I also can not say that it is not.

[hummer113]

What are you talking about? We in cryptocurrency market, we have no one promises a return on investment, all investments, we do so at their own risk, hoping to make a profit.

[okala]

This is why it’s not good to follow hype in investing into any project. This has been proving over times that Hyip really dosent work out week for people who plan to hold for a while. It just turned them to holders. This is not a scam case , I would say you trusted the project tooo much to deliver and they didn’t do as expected.

I just checked the fetch price on coinmarket cap and it price is very low, but that does not make them scam you may have been tossed into investing in the project by hype but that should not be a guarantee to have turn over of your investment. The market can move which ever ways, what is the link between binance and fetch that binance is mentioned in your post title?

[InGODweTrast3]

I think profitable flow of new customers and at the same time they do not insure the risks and do not give any guarantees! Great scheme!

[kenelmark]

What are you talking about? We in cryptocurrency market, we have no one promises a return on investment, all investments, we do so at their own risk, hoping to make a profit.

In investment, there is no agreement that all the funds that we have given will be returned, because that must be very careful in making investments either on large exchanges or on ongoing projects.

[nightl]

the basic concept is that no one just needs that tokens and so on in all IEO.
Who transfers money to them is investors, hoping to resell more expensive. And who will buy them when he enters the market and immediately falls?
BTW I sympathize with you, this is a very large amount.
 

[chocopapaya]

Well, it can go both ways really.

You can say that investing in anything is risky, and if you lose money it is your fault for taking that risk.
Or you can say that somebody willfully tricked you into getting your money and ran off with it.

The truth is somewhere is the middle I think.
First off, you should expect to lose if you do any ico or ieo.
The numbers don't lie.
91% of startups go out of business within the first two years.

On the hand, there is a lot of evidence that FET is not to be trusted.
I don't think they are intentionally trying to steal your money.
It just sounds like they are grossly incompetent.
Whether cheating or incompetent, the end result will be the same.

[fast2fix]

op tweet it out to cz, you might get answers..

I think that lately a lot of people are already thinking about the fact that cryptocurrency as a whole is a big scam. Therefore, to talk today about the scam of such big players as a whole is already a very big assault. Although I also can not say that it is not.

a lot of people think that yes, it's because of these ieos, icos etc.. it has to change. world never be free of scammers, it is us who has to be vigilant. in crypto not everything is scam, some people are really working hard in projects they believe in. give it 10 more years and everything will sort out.

[Pamadar]

the basic concept is that no one just needs that tokens and so on in all IEO.
Who transfers money to them is investors, hoping to resell more expensive. And who will buy them when he enters the market and immediately falls?
BTW I sympathize with you, this is a very large amount.
 

That's how important to investigate and not to relied only with the current trends, that amount of investment you've take from a project that you really don't know well really bring stress and a lots of regrets, you can't easily comes up and accused the team behind as mostly early holders dumped everything after seeing decent profits.

[timmmers]

When I am reading it now, I am so thankful that I didn´t buy because I was too late, and many of us just waited in the queue and did not have the opportunity to purchase FET tokens during IEO sales.

But I do not understand why didnt you sell your FET coins after first listing, the price bumped to 2-3x. 

[zgrdyg]

People just think, because it is on binance it will pump.

But that doesn't always work like that. Next time, do your research better. A very expensive lesson to learn.

[Whosdaddy]

My friends and I invested more than 61btc in Fet.
I have sufficient evidence to prove this investment (I bought nearly 19btc FET).
But you see, the price keeps going down and cannot recover. We can blame the market, but the market is recovering well, we can blame the manipulation of the price but the action of the FET team is not acceptable.
- My friends and their families were very worried about their investment, they went to FET's tele group and asked Dev team and Marketing team about price, strategy but they received bad treatment, Their group forbids to talk about prices (like fascists) - anyone of my friend talked about the price they would give immediately, when the rest did not talk about the price they asked about the project, if asked too much Immediately will be banned.
My friends were very sad, they were sad because of the loss and sadness about the treatment of FETCH team - they are also investors, they need respect. FETCH may be the greatest project in the world but does not mean that it is allowed to disregard investors.

I encouraged my friends to wait for the fetch team and wait for their testnet program. But the wait and hope to get back in frustration .. their testnet is complete and not many people know, the market does not react to their event.


My friends continue to join the group and ask the team dev why they do such weak marketing, and they delete my friend immediately.
I do not believe in a project trusted by Binance and CZ that could act like that, I had a discussion with them about the project (not talking about the price) - I was a mentor to many startup so I asked very carefully what their project did. and when they didn't answer, they deleted me. Luckily, I recorded my talk video. You will see the project developers who do not understand the project, they only answer aggregate, according to what they write not what they do. They don't even have a plan for marketing and their work. (video I sent below).
After I was deleted, a lot of members were in my box, and we had a group of people who lost a lot and didn't dare say anything in FECTH's group. If you don't believe you can try their group and talk, just CLONE accounts to talk and PR (Seeding) for the project.
So what do they call the money from Private sales and IEO? Or Ieo is just a garbage dump so CZ and Binance help Scam teams to discharge shit?

VIDEO : https://www.youtube.com/watch?v=jZwzSRc26ag

All reviews please watch the video, thanks.

Wow, my heart skipped after I read your full article, at first I wanted to ignore it when I saw Binance because I am a diehard fan of Binance, but I had to keep sentiment aside to read it, and I am glad I did, this is an eye opener article, and I am sorry about what you and your friend has passed through, thank you for not keeping it to yourself for other to fall into same trap.

I have always trusted Binance with my life and I never believe that they could get themselves involve in such a messy scandal and I do hope that they come out openly to deny this or apologize, otherwise, things like this more could damage that reputation that has been speaking for them.

[ausbit]

Why did you invest so much into this project? But i know, it is too late now. Every new IEO and ICO are great risks for investors.
And currently, only Bitcoin is worth to invest as altcoins are losing value compare to BTC and USDT.
It is better to immediately trade your tokens if you participate in an IEO or ICO. Very very few projects are worth to keep. And they usually don't return at the price they started to be traded. But there is some exceptions and i hope your project is one of them. Good luck with your investment.

Well we can’t really out any blame on the OP, if you look at his explanation very well, you will realize that he knows what he is doing and he did his research very well, and for him to be able to contact the project team later on, you will know he won’t just invest in anyhow project, but is unfortunate that despite his research, he still got scammed.

You know majority of us are so carried way with the trust we have for Binance that we would believe anything of project they bring out through their IEO, I think it is no longer enough to rely on them, we just have to continue to do our own research ourselves.

[creeps]

IEO doesn't mean a guaranteed profit. 61 btc is a huge amount to risk in just one token.

Price drop doesn't mean scam. It can happen in any project.

A big drop can also be a sign of a manipulations which is more possible on IEO.
OP took too much risk, if you invest it on other coins like ETH for sure you are earning money now. Binance can't help you on this one because they just host the FET token and they regulate it as much, but if the price goes deeper then the problem is within the developer or something shit is happening on that project.

[guoyu78]

You should not call Binance a scam yet, cause just that they showed trusts for them doesn’t mean that they are part of whatever is going on there. Whatever that team does, they should be blamed. You should start up an accusation against them and even report to Binance since they are part of the team that trusts them, so they can look into the matter and know if there is a way they can help. By the time a lot of people starts to accuse them they will start feeling it hot and do something about it. If there’s a chance to get your money out, just do it and convince other investors to also start doing the same thing.