Miracle Tele Is a Scam Stay Away

[fulled]

Im following this issue, because im staking my tele token there, in last 4 weeks tele team always changing rules and its always done without profer announcement, they act so fishy, i was think they will exit scam in month or two, thats why i unstack most of my token and sell it to fork delta, and today, 3 days after im selling mine, this thing happen, no more reward for staking token from bounty and airdrop, and even 2 admins on TELE group decide to quit today. I think tele token is so close to exit scam now, but i still pray Tele will not exit scam, the devidend payment was so good

[1714739756]

1714739756

[1714739756]

1714739756

[bogdan198]

I can confirm what OP is saying. I participated in their bounty campaign but I didn't sell my tokens. At first it looked like a legit project because they payed me for the tokens that I stacked. Few weeks after I got my bounty tokens and stacked them, they offered to buyback the tokens that were earned trough the bounty campaign. They set the ICO price for the buyback. I decided to sell my tokens and that turned out to be the best thing to do.

Few days after I sold my tokens, they finished the buyback campaign and started some kind of their own exchange on the website (users could buy and sell TELE tokens, but the minimum price was 0.20 €). That's when I started to feel something fishy about the project. Why would people buy tokens on the website when you could buy them on the ForkDelta for the 25% of the price on the website? I was really tempted to buy some tokens on the ForkDelta and stack them. Thank God I didn't do that because they started to block accounts of the people that bought TELE tokens on ForkDelta and tried stacking them. That way people lost their tokens because they already stacked them, and then the team blocked their accounts.

you boldly can be called a liar, you can give evidence on those akki, which bought on fork Delta and have blocked? I have tokens with fork Delta and they bring profit.

[pirashki]

update: 4 admins have left the main group

[The Sceptical Chymist]

I know the CEO personally, his linkedin account is certainly not fake.

However, since there has been a lot of FUD going on after the sudden recent announcements, he or an official representative should come up here and do better PR management I agree.

Hm.  Don't know what to think, although I'm beyond skeptical about these projects--I'm more pointed toward being cynical and headed toward pessimism.  Whether you know the CEO or not, I agree that better PR is necessary so that investors don't think they're getting scammed like this.  We all know that scams abound in the ICO space, and it's natural for people to be frightened like this.  I don't blame OP at all for starting this thread.

Im following this issue, because im staking my tele token there, in last 4 weeks tele team always changing rules and its always done without profer announcement, they act so fishy
<snip>

And this is what I'm talking about.  Nobody should be this scared that a project is going to pull an exit scam based on fishy behavior.  The project ought to reassure its investors at the very least that they're not headed towards a scam.  The language barrier here is pretty high and I must confess that I'm not familiar with the project--but either way the scam accusation seems to have some merit.  Will follow.

[examplens]

Heard rumors about the project but didn't put much thought into it. From your explanation above and from the discussion ongoing on the bounty and Scam accusation telegram groups, it does matches your accusation above. Bounty hunters and airdrop recievers are been denial the privilege to stake tokens on website and some investors claim to be affected too just because they have previously withdrawn their token from website to their personal wallet (although I can't confirm this claim).

The account (MiracleTele) associated with this project on the forum haven't been that active so I doubt they would respond to this accusation although just left a negative feedback to alert others from falling prey to the project's shady behavior.

I suppose a flag1 or 2 (more visible tag) who be appropriate for this issue (to alert others from falling prey) until the accused comes up to defend themselves the project looks untrustworthy to me.  Mind creating one OP?.

I don't think that any flag can change anything. They take the money and probably is now on exit scam.
it must have been very suspicious with 40% monthly interest.

[Vispilio]

Market price dropping 80% within a day, a community of 70,000 active enthusiasts shaken and in total panic mode,
admins leaving in protest citing sudden, haphazard decisions by the management without consulting with them,
payments pending for days.....

and then again it's the vacation month in Europe, part of the working culture is so carefree and ridiculously self-absorbed there that even legitimate business owners might not bother to deal with such dire issues until their leisure time is completed to their satisfaction ,

there is a chance that this is a case of "lost in translation" a bit, and an otherwise very committed CEO having a few too many off days recently...

[slackovic]

I can confirm what OP is saying. I participated in their bounty campaign but I didn't sell my tokens. At first it looked like a legit project because they payed me for the tokens that I stacked. Few weeks after I got my bounty tokens and stacked them, they offered to buyback the tokens that were earned trough the bounty campaign. They set the ICO price for the buyback. I decided to sell my tokens and that turned out to be the best thing to do.

Few days after I sold my tokens, they finished the buyback campaign and started some kind of their own exchange on the website (users could buy and sell TELE tokens, but the minimum price was 0.20 €). That's when I started to feel something fishy about the project. Why would people buy tokens on the website when you could buy them on the ForkDelta for the 25% of the price on the website? I was really tempted to buy some tokens on the ForkDelta and stack them. Thank God I didn't do that because they started to block accounts of the people that bought TELE tokens on ForkDelta and tried stacking them. That way people lost their tokens because they already stacked them, and then the team blocked their accounts.

you boldly can be called a liar, you can give evidence on those akki, which bought on fork Delta and have blocked? I have tokens with fork Delta and they bring profit.

Don' call me a liar because I'm just saying what the team published in this article. I will quote just one part where it's written that tokens bought anywhere else except on their web site can't be stacked:

3. We would like to remind you that tokens that have been taken out of our ecosystem cease bringing biweekly rewards. This means externally deposited tokens are no longer eligible for stacking. Please keep this in mind when making decisions on selling your TELE tokens.

Maybe you purchased tokens on the ForkDelta before they started checking. I know that people who bought tokens few months ago were able to stack them and receive profit. But if you buy tokens now and try stacking them, they will bock you.

And one more thing. They stopped all deposits and withdrawals on the website (MiracleTele CEO said that in the main Telegram group: link). People on Telegram says that they can't withdraw their money or tokens (example: https://t.me/miracletelecom/730429).

[Vispilio]

And one more thing. They stopped all deposits and withdrawals on the website (MiracleTele CEO said that in the main Telegram group: link). People on Telegram says that they can't withdraw their money or tokens (example: https://t.me/miracletelecom/730429).

As of this morning withdrawals are coming in fine, albeit with several hours delay compared to earlier transactions.

I know Andrey said something like "During this week we are stopping any out / in..." yesterday, which is likely referring to
TELE token transactions.

He or someone else from management should show up here asap to clear the air.

[skyseer]

Hello. Long time tele token holder here. I have Tele tokens which were bought from variuos places, including ICO website and DEX. Here's a couple of problems with the project right now:

1. If you ask anyone in crypto if 1btc=1btc, everyone will answer "yes". Doesn't matter when, where, at which price you bought your btc. 1btc=1btc. Well, Ceo of MiracleTele Andrew thinks differently. He made an annoucement on 12 aug that 1 Tele which was bought from team's ico wallet doesn't equal to 1 Tele which was bought from exchanges or received as bounry/airdrop. Meaning you can stack only those tokens, which you bought directly from ico wallet. But before that annoucement everything was fine, 1 tele was = 1 tele,  everyone were stacking their coins no matter where they received/bought them. And before that annoucement Ceo was asked numerous times "Can we stack tokens from exchanges?" and the answer was always "yes". Andrew made that choice as anti-dump measure, to prevent holders selling tokens and just continue to stack. His decision backfired badly. The same day price on Dex falled by 80-90%. And that's understandable. Stacking was the only underlying feature of the project which kept price at a reasonable level. If you can't stack tokens from exchanges - the only point for buying them is speculation. But you can find 1000 more alternatives for speculation. The funny thing is - before Andrew's annoucement price on exchanges was always at a resonable level. There were moments when bounty hunters dumped their tokens but price always recovered after that. Now it just stays the same. 4 times lower than ico price.

2. Endless ICO. The ico was meant to be ended in may. And the team was sending mails where they stated that the token will be listed on exchanges shortly after ico by the end of may. Well, ICO is still running and the team still haven't listed Tele token. It's trading only on Dex or on another exchange where it was listed only by exchange's initiative.

3. Andrew's last annoucement caused a lot of panick. There are near 70k people on telegram group. The last days all payouts for stacking were delayed, I personally waited 3 days for my payout, but before that it was always instant. So delays in payouts and latest annoucement really sparked a lot of questions from holders. The Ceo was it the chat and acted like a clown. He replied with some BS or smiley emojis for serious questions. In the end all admins left from telegram group.

My proposal for the MT team: please stop differentiating 1 tele token from another tele token. Just enable stacking for all tokens, no matter where they were bought. The moment you will make that decision - the same moment price will stabilise. Just as it was before your latest annoucement. And please stop ICO and list this token officially! Do not change rules and ToS a couple of times every month!!!

P.S. A couple of months ago there were a moment when there was an announcement on official miracle tele website, that this token will be listed on binance. That annoucement was there only for 10 or 20 minutes max. But people still have saved screenshots of that...

[Leonardo7]

P.S. A couple of months ago there was a moment when there was an announcement on official miracle tele website, that this token will be listed on binance. That announcement was there only for 10 or 20 minutes max. But people still have saved screenshots of that...

I didn't see this announcement, this was a big red flag. I almost sold off my token, until something pulled me back. I have suspected the project and its team. The CEO is a dishonest person. This may have just ended the Pyramid scheme. Although some persons want to take legal action against them. One of the best moderator by name Sonny left the telegram group.

[pirashki]

hope that they have good explanation to what is happening to the ETH address of the ICO sale:

https://etherscan.io/address/0x5a9e54056ea941b6a85e44d0c11b5c51028810d7

too many IN transactions, now that address is holding 13M tele tokens!

[CryptopreneurBrainboss]

just left a negative feedback to alert others from falling prey to the project's shady behavior.

I suppose a flag1 or 2 (more visible tag) who be appropriate for this issue (to alert others from falling prey) until the accused comes up to defend themselves the project looks untrustworthy to me.  Mind creating one OP?.

I don't think that any flag can change anything. They take the money and probably is now on exit scam.
it must have been very suspicious with 40% monthly interest.

You don't create flags or leave negative feedback on scam projects for them to change their minds. You do so, to prevent others from falling victim to their scam and that's the best the forum can offer since it doesn't moderate scam.  Creating the flag will make the scam accusation more visible and alert potential investors to rethink before investing. I wasn't affected some it seems appropriate for the affected parties to create one and request for our support to make it active.

[GrosWesh]

Endless ICO. The ico was meant to be ended in may. And the team was sending mails where they stated that the token will be listed on exchanges shortly after ico by the end of may. Well, ICO is still running and the team still haven't listed Tele token. It's trading only on Dex or on another exchange where it was listed only by exchange's initiative.

Nice summary. Regarding the end date of ico, before being advanced to May it was scheduled for October ... 

P.S. A couple of months ago there were a moment when there was an announcement on official miracle tele website, that this token will be listed on binance. That annoucement was there only for 10 or 20 minutes max. But people still have saved screenshots of that...

I confirm.

One of the best moderator by name Sonny left the telegram group.

Maybe i'm wrong but what tells us that these admins (including Sonny) are not in collusion with the CEO and that they would not have pretended to be very annoyed and to disagree with the measures recently taken ?

I have always found sonny very (too) confident and incisive in the way he had to respond to his interlocutors.

[Vispilio]

Maybe i'm wrong but what tells us that these admins (including Sonny) are not in collusion with the CEO and that they would not have pretended to be very annoyed and to disagree with the measures recently taken ?

I have always found sonny very (too) confident and incisive in the way he had to respond to his interlocutors.

That's a great point, and I'm glad to see some really intellectual people amongst the Miracle Tele community .

Having said that, I also had a few chats with Sonny, and he is a smart guy who was maybe way too emotionally invested in the admin job;
bantering back and forth with everyone and really exerting himself to come up with sarcastic quips, etc...

Such extra effort put into a telegram admin job might have really burnt him out, when he is doing that with 80k guys day in day out...

[bakasabo]

People say, that on the https://miracletele.com/ "team" section has disappeared 
This is such a close call for MiracleTele to get labeled as scammers.

[slackovic]

People say, that on the https://miracletele.com/ "team" section has disappeared 
This is such a close call for MiracleTele to get labeled as scammers.

I can confirm that there was a section with info about the team members. There were even LinkedIn profiles linked on that section, but it can't be found anymore. I guess they think by doing this no one will know their identities but people already know who they are.

[FLHippy]

Scam or no scam, I've received a lot more in payouts than I invested so I don't care if it goes belly up at this stage......I initially thought it was a scam but after I got my first payout I made a small deposit......after that I deposited a larger sum. That was months ago. I refuse to put anything else in until I'm in profit. I'm well in profit now so I'm just going to sit back and see what happens.......

That is how ponzi scheme works - they are paying for a short time to convince investors that they are legal and after that they exit scam.
I knew there was something suspicious about this project because they claim to be from the Czech Republic, but website was translated into Czech language by some translating software.

[Dzeronimo]

I knew there was something suspicious about this project because they claim to be from the Czech Republic, but website was translated into Czech language by some translating software.

I'm surprised that no one noticed this before.  It is very strange and suspicious but now is too late.

[slackovic]

I knew there was something suspicious about this project because they claim to be from the Czech Republic, but website was translated into Czech language by some translating software.

I'm surprised that no one noticed this before.  It is very strange and suspicious but now is too late.

Who knows? Maybe someone noticed and asked about it in the Telegram group and got banned. They were banning people for asking about exchanges... If that's true, it really looks fishy...

[skyseer]

Scam or not scam - too early to tell. But the the project is definitely having some problems right now.

It was the only ico in which I participated. The main reason was ability to buy token and withdraw payouts via wire transfer. And wire transfer always leaves legal trace. I've bought tokens via wire and the recepient was MiracleTele in Czech. If MT is a full blown scam company - I think they would never accept payments/withdrawals via bank transfer.