did you know FOIN coin?

[alisonwonder]

recently i just read news on cointelegraph about this coin https://cointelegraph.com/news/foin-token-scheme-locks-up-investors-money-and-pumps-price
then i try to check on coinmarketcap but the price of this coins right now is more than Top 10 CMC except bitcoin

so did you know about this coin? and what is your opinion about that?

[Bharathi13]

I have a habit of checking trends section in which we can see biggest gainers and lossers on coinmarketcap. From that section of coinmarketcap I observed foin price was pumping gradually and I did some Google search about foin and found so many article warning about scam and their involvement with finacial.org 3.5 months ago, You can check this article https://www.google.com/amp/s/coingape.com/an-ico-scam-conducted-by-formula-one-sponsorer/
Foin have ANN on bitcointalk forum which have very very less information about the project which you can check here https://bitcointalk.org/index.php?topic=4414872.0.

[livingfree]

What coin is that? it looks a ponzi to me if they are locking up the funds of their investors. Volume is high as per CMC and the price per foin is $4,133. This is huge if you will actually calculate its total supply of 91 million.

You'll already have a thought that there must be something wrong.

[ashmodeus]

well . never heard before , and i am quite suprised, because with nowdays price , FOIN can beat bitcoin from top 1. of course if circulating supply around 50-70 millions coins.
and what I regret is the market of that coins is P2BP.
well, i will try research this project,why price so high and etc.

[tenakha]

I found thread started in the first month of this year: https://bitcointalk.org/index.php?topic=5094674.0 A few people have made accusations without evidence, but even if it is not, there is a possibility. Also, another forum member made some claims: https://bitcointalk.org/index.php?topic=4414872.msg53482613#msg53482613

[makishart]

recently i just read news on cointelegraph about this coin https://cointelegraph.com/news/foin-token-scheme-locks-up-investors-money-and-pumps-price
then i try to check on coinmarketcap but the price of this coins right now is more than Top 10 CMC except bitcoin

so did you know about this coin? and what is your opinion about that?

All of the coins were distributed to the market totally controlled by the developer and the developer itself was pumping the token to make the price worth a lot. but it will be traded on the crap exchange site like p2pb2b forever.
This is not something new to see the team manipulating the price of token with the hopes it can bring a lot of money instantly.
Use all of the money that has already raised from investors to manipulating the market and never let investors to take their money. that's fucking scammer
it's the same as shitconnect

[Getmon]

recently i just read news on cointelegraph about this coin https://cointelegraph.com/news/foin-token-scheme-locks-up-investors-money-and-pumps-price
then i try to check on coinmarketcap but the price of this coins right now is more than Top 10 CMC except bitcoin

so did you know about this coin? and what is your opinion about that?

I have only encountered this coin with your post. It seems the coin is a shady coin with a shady project and developers. Coinmarketcap is even issuing this warning about this coin.

We have received reports that Foin is affiliated with Financial.org, an organization that is on the watchlists of a number of regulators. Please perform your own due diligence.

There is no market cap. There is no circulating supply. This is a risky coin in other words.

[bitcoindusts]

As I read the article, it seems the FOIN price is totally manipulated.  There is actually no real trading volume and the price pump was duly created by the coin owner alone creating an illusionary market making people and investors think that the FOIN value had increased.  The mere fact that they locked investors fund/coin is an evidence enough to say that the current price is bullshit.

[ajiz138]

I also just found out about this coin Foin. after I check at coinmarketcap, it turns out that this coin foin is listed on P2PB2B and Hotbit exchanges.

Exchange p2pb2b is an exchange that has been indicated as a scam and a lot of manipulation. Even information about coin foin is already in the coin market that: "We have received reports that Foin is affiliated with Financial.org, an organization that is on the watch list of a number of regulators. Please perform your own due diligence"

[LouVandetta]

Never heard of FOIN before. Based on coinmaketcap the token price and volume is already on 24 Million only on P2PB2B. Like seriously?
I believed that exchange has received tons of bad reviews and red flags all around them. It'd be best to avoid such token. Stay away from shady project such as this, even on cmc website already given us a warning there.

[Dickiy]

maybe you already know the difference between tokens and coins, which I read in your source FOIN TOKEN not FOINCOIN this would be good if FOIN tokens have their own blockchain so they will become FOINCOIN and those listed on coinmarketcap don't all have good quality even some are deceptive then later on remove from CMC

[luckyflop]

I have never heard of this coin before, and I have been looking for it at coinmarketcap. It seems that they have marked this project as a bad project and are affiliated with Financial.org. This is a bad organization that is monitored by many agencies, it is best not to invest and be interested in this project, if you don't want to lose your money

[imstillthebest]

you mean its price pumped up more that on what the top 10 coins on cmc have  ? what the heck that is so amazing but strange at the same time ,  it smells so shady to me . and what do you mean by locking investors money ? you mean they lock the coin so that it cant be sellable  ?  that would be the cause of its sudden pump but we dont know if that is only thier plan to prevent dumping and what if they arent really shady at all  ? this would be nice to investors and to the ones that got this coin  .

[iamaruf]

Never heard FION coin before your post.Fion coin price is 0.51btc right now but there ranking 2014.if it is good and potential coin then why ranking is high.In 2017 saw many coins which price was so high and finally they Couldn't survive. Let's see what happened with FION & Have less Faith on it.           

[Furious 7]

There is a friend of mine complaining about this FOIN coin. My friend has invested around $ 15,000 but their funds cannot be withdrawn and locked until now, in fact they continue to postpone withdrawals or deposits to the Hotbit exchange and P2pb2b my friend complains about this FOIN because the funds are not can be pulled at all.

So in my opinion this is just a ponzi scheme with the lure of huge profits, and the high prices they deliberately manipulate so that many are interested.

[alisonwonder]

maybe you already know the difference between tokens and coins, which I read in your source FOIN TOKEN not FOINCOIN this would be good if FOIN tokens have their own blockchain so they will become FOINCOIN and those listed on coinmarketcap don't all have good quality even some are deceptive then later on remove from CMC

yeah i write the title wrong it should be FOIN TOKEN but what do you think about that?
because right now their price is very expensive and right now it's higher than the ETH which is the number 2 coin based on CMC

[watergold]

It seems strange in this FOIN coin can not make deposits and withdrawals on the listed exchange? then who is trading it is possible bot?

Prices are expensive and continue to rise in view of Coinmarketcap fixed but there is no one investor who can make a withdrawal.

[DaMut]

“We have stopped operation,” says a notice on Financial.org’s site which went up in early September.
is not this old news? https://www.reuters.com/article/us-britain-financial-org/unregulated-firm-financial-org-closes-investors-say-accounts-frozen-idUSKCN1VR23E

[Xxmodded]

What coin is that? it looks a ponzi to me if they are locking up the funds of their investors. Volume is high as per CMC and the price per foin is $4,133. This is huge if you will actually calculate its total supply of 91 million.

You'll already have a thought that there must be something wrong.

Maybe looks ponzi because I never hear with this coin and not get information with bigger exchange market for listing this coin on their exchange, how ever if become potential coin and profitable maybe many exchange market will announce for listing this coin. Just my opinion and what do you to do next time depend with you but always keep away from investing with hype coin investment.

[piebeyb]

I see this Foin has a high trading volume in p2pb2b, I don't know what type of altcoin is, I haven't read more about this Foin, but this altcoin is quite expensive, I happen to want to know about this coin so coincidentally discussed in this thread, I know p2pb2b is a market that is famous for its volume bots, so I see the price of Foin prices continue to be pushed up, while I don't see what's interesting on Twitter they worry they are some kind of ponzi scheme site, if YES you should stay away from this altcoin