I don't understand why moving of dev funds which was already unlocked as stated in the roadmap/whitepaper is already considered exit scam. Does it really matter where they sent it? Those unlocked tokens are meant to be sold from the beginning to further fund the project.
The funds from their hardcap that they collected are now slowly vanishing
Those funds are meant to be used. Did you expect it to stay there forever?
Why sell cs for $, when you have more than enough $ to cover ooerational expenses for multiple years.
At least thats what the team claims.
So why sell these operationals tokens at ATL, and miss out on x1000 after everything is up and running?
Or more importantly, why do it in such a shady way without an announcement to the public?
As always, credits is creating its own fud.
Or why would a dev want to be paid in cs, only to send it minutes after on kucoin to convert it to $ (or whatever other currency)
Doesnt make any sense at all.
Even more so, a dev selling precious cs tokens at atl, when “big” things are about to happen makes even less sense.
I think they overextended themselves with the ibm scam, where they overpaid for a fake partnership and some marketing tweets (which for some reason stopped dead after 31-03, after one qaurter of constant tweets).
Now they are stuck with a 6 year way too expensive contract and the pump after the fake ibm partnership never happened so now they have no more money left.
They sold over 1,5 million tokens btw in the oast month.
It’s not just these 2 txs.
Furthermore i believe another team wallet op 24m has already been drained in the pst year.
If i remember correctly (not sure about the #of tokens it had)
Also, remember that the the FAILED to deliver on their promise of 1mtps.
It is currently not achievable on their distributed network.
The network and system specifications required are so high, that it will not be decentralised because most people dont have access to 1gbit connections and TBs of SSD storage.
Only way the network functions at high speeds is through centralised IBM servers.
If you add any slower nodes the speed drops to eth like speeds.
Do you guys now understand why the team has been delaying speed tests and mainnet launch?
