I would like answers on that

[Gab20]

If you have a cryptocurrency, but you cannot sell it, because this cryptocurrency blocked deposits on all listed exchanges ( detail the withdrawals are enabled )

the reason for the deposit block is a request from the cryptocurrency project team itself, for "investor safety" reasons. but the blockchain has not been stopped and the transfer from wallet to wallet is normally working!

this is cause for suspicion of the right project?
I'm here asking, because I don't want to see meaningless answers from the project team, they don't know how to answer that question.




if anyone here is curious to know what project it is, it is NRG

I do not think there is no one among the admin on their telegram group that will not be able to give you the right answer.
You could have chatted them instead of assuming that they do not know. NRG right from time has not ben locked. Well, that is my own opinion. Also, try to check across all exchanges if that is the case with all. If one exchnage does not allow despite, due to some technical problems, another should allow.

[crustycrab666]

I also have a similar experience with other projects in 2018. The token is locked, the goal is that the dev team can build the market first. As long as the dev team gives a clear announcement I don't think that is a problem. Just ask when the freeze will end. However, don't expect too much, especially if the dev team isn't open and unresponsive.

[rdewilde]

If you have a cryptocurrency, but you cannot sell it, because this cryptocurrency blocked deposits on all listed exchanges ( detail the withdrawals are enabled )

the reason for the deposit block is a request from the cryptocurrency project team itself, for "investor safety" reasons. but the blockchain has not been stopped and the transfer from wallet to wallet is normally working!

this is cause for suspicion of the right project?
I'm here asking, because I don't want to see meaningless answers from the project team, they don't know how to answer that question.




if anyone here is curious to know what project it is, it is NRG

Most of the times, deposit block on a particular project means a platform upgrade is going on or there is security challenges and If I understand clearly I think the team have every right to direct the exchange on what to do and on what they want since it is for the project's good. I don't know much about this project, but if you have seen recent developments then it could mean an upgrade is going on or better still construct your questions and ask the team, I believe they will answer.

[E:]

I've seen it happen, usually after some update, but not for long...
if the team continues its development and you can see daily in all aspects of the project
is still no reason to worry.

[bgaf]

If you have a cryptocurrency, but you cannot sell it, because this cryptocurrency blocked deposits on all listed exchanges ( detail the withdrawals are enabled )

the reason for the deposit block is a request from the cryptocurrency project team itself, for "investor safety" reasons. but the blockchain has not been stopped and the transfer from wallet to wallet is normally working!

this is cause for suspicion of the right project?
I'm here asking, because I don't want to see meaningless answers from the project team, they don't know how to answer that question.

if anyone here is curious to know what project it is, it is NRG

The termed probably known as locked or special case where developers choose to restrict movement of tokens or coins. Usually it is done by investors who purchased on early bird cases anf has provisions to let their buyers agree on the terms of vesting period.

Also there are times that they have giveaway through airdrop and bounty and decides to locked the tokens for a certain period. Purpose is not to dump of course. On the other case, since its not an erc20 token maybe exchange have some trouble with their blockchain? I know NRG, maybe there is some error just ask the devs about it.

[totoy4741]

This is very similar to Bizpaye Token, Developers have blocked the withdrawal in a certain exchange and Blocked the deposit in other exchange which make it suspecious. Their reason for doing is for bounty hunter make the price dump that might be the same case with the token you are token about, or maybe the developers are cooking something up to get all the tokens listed in all exchanges they listed it in then run away and scam.

[E:]

observing the situation more deeply, even on the very topic of NRG announcement, probably NRG investors are in trouble.
Suspicions for a scam exit is great.

[gundala]

This is very similar to Bizpaye Token, Developers have blocked the withdrawal in a certain exchange and Blocked the deposit in other exchange which make it suspecious. Their reason for doing is for bounty hunter make the price dump that might be the same case with the token you are token about, or maybe the developers are cooking something up to get all the tokens listed in all exchanges they listed it in then run away and scam.

My friend also experienced something similar when joining CINDX. The development team reasoned that it was to make it easier for the team to control prices in order to provide benefits to investors. Sometime after the tokens were distributed, there were indeed those who sold them on the fork delta, at very cheap prices. While the development of the project is still ongoing. So the decision was taken by the dev team, I don't know, is it really the right reason or just an excuse to escape, because until now there has been no further development of information.

[erep]

I have seen a similar case in the MiracleTele project, this token is freely traded on a decentralized exchange but not on the main exchange because it prohibits deposits, scammer projects have easily increased rates because actually none of them can trade on the main exchange.

[blandin33]

They also explained the closing of deposits. Their network is not yet stable enough and there are breaks in the chain. But they are working hard on it.

Regarding deposits, here is one potential issue that could occur due to a chain split. Say you sent some NRG to the exchange and you were both off chain. The exchange accepts the deposit and you trade for a different coin/token then withdraw. After that, you both realize that your transaction wasn’t valid. Since you have already withdrawn the new coin/token, the exchange cannot undo this and because the original transaction was off chain, they don’t get the NRG you sent (you may be good about it and resend but not everyone would). Now the exchange is out those funds with no way to recover them. Multiply this by however many people do their deposits at this time and it could be a massive problem. Setting an arbitrary time for confirmations is not really a solution to this because how do you determine how long it will take for the exchange to realize they are off chain?
With withdrawing, everything is in the exchanges system so if you are both off chain, the exchange still has this information saved and can process the transaction again once they are back on chain.

[Lantind]

I have seen a similar case in the MiracleTele project, this token is freely traded on a decentralized exchange but not on the main exchange because it prohibits deposits, scammer projects have easily increased rates because actually none of them can trade on the main exchange.

Yes, and there are also many who benefit through the Miracle Tele project when the project is being carried out and after the bounty period is over, it's just that those who hold tokens are victims of scam from the Miracle Tele project, it is very unfortunate.

[Selicio]

They also explained the closing of deposits. Their network is not yet stable enough and there are breaks in the chain. But they are working hard on it.

Regarding deposits, here is one potential issue that could occur due to a chain split. Say you sent some NRG to the exchange and you were both off chain. The exchange accepts the deposit and you trade for a different coin/token then withdraw. After that, you both realize that your transaction wasn’t valid. Since you have already withdrawn the new coin/token, the exchange cannot undo this and because the original transaction was off chain, they don’t get the NRG you sent (you may be good about it and resend but not everyone would). Now the exchange is out those funds with no way to recover them. Multiply this by however many people do their deposits at this time and it could be a massive problem. Setting an arbitrary time for confirmations is not really a solution to this because how do you determine how long it will take for the exchange to realize they are off chain?
With withdrawing, everything is in the exchanges system so if you are both off chain, the exchange still has this information saved and can process the transaction again once they are back on chain.

In such cases you halt trading.

Not close deposits for retail and keep them open for the team.

+ Tommy has an EBI key that controls any wallet he wants. That's probably why Exchanges won't open deposits, they could have their coins frozen by Tommy at any time and don't want to risk that.

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

[blandin33]

They also explained the closing of deposits. Their network is not yet stable enough and there are breaks in the chain. But they are working hard on it.

Regarding deposits, here is one potential issue that could occur due to a chain split. Say you sent some NRG to the exchange and you were both off chain. The exchange accepts the deposit and you trade for a different coin/token then withdraw. After that, you both realize that your transaction wasn’t valid. Since you have already withdrawn the new coin/token, the exchange cannot undo this and because the original transaction was off chain, they don’t get the NRG you sent (you may be good about it and resend but not everyone would). Now the exchange is out those funds with no way to recover them. Multiply this by however many people do their deposits at this time and it could be a massive problem. Setting an arbitrary time for confirmations is not really a solution to this because how do you determine how long it will take for the exchange to realize they are off chain?
With withdrawing, everything is in the exchanges system so if you are both off chain, the exchange still has this information saved and can process the transaction again once they are back on chain.

In such cases you halt trading.

Not close deposits for retail and keep them open for the team.

+ Tommy has an EBI key that controls any wallet he wants. That's probably why Exchanges won't open deposits, they could have their coins frozen by Tommy at any time and don't want to risk that.

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

You are contradicting yourself. You say that exchanges do not want to open deposits, because they are afraid that Tommy can freeze their wallets. And at the same time, you claim that they accept deposits from the ENERGI team, which can freeze their wallets.

[Shallow]

The team are in the best position to answer the question and that is it. But normally, the only reason why a project's deposit will be blocked, suspended or under maintenance on an exchange is when the team gives an order for it to be so, at the same time, the team can't order for block or suspension of deposit if they are not carrying out a major upgrade and/or development. But I think if the situation lingers, then it looks wrong and makes the team wanting, we can't rule out that fact because most team are trickish and won't hesitate to fill their pockets at any given opportunity.

[cepot9]

Usually stop withdrawing, depositing and trading activities when experiencing problems with the project, but this case is not clear why. Are all those who hold their tokens or coins not investors? or maybe they have just distributed a very large number of airdrop campaigns and don't want a dump

[cryptoknightt]

if like that continue to complain until your funds can immediately be withdrawn and do not use the platform provided by the project again.
it is better to look for a safer one, even though the project promises a large monthly dividend, it should be avoided if you cannot directly access your balance.

[Selicio]

They also explained the closing of deposits. Their network is not yet stable enough and there are breaks in the chain. But they are working hard on it.

Regarding deposits, here is one potential issue that could occur due to a chain split. Say you sent some NRG to the exchange and you were both off chain. The exchange accepts the deposit and you trade for a different coin/token then withdraw. After that, you both realize that your transaction wasn’t valid. Since you have already withdrawn the new coin/token, the exchange cannot undo this and because the original transaction was off chain, they don’t get the NRG you sent (you may be good about it and resend but not everyone would). Now the exchange is out those funds with no way to recover them. Multiply this by however many people do their deposits at this time and it could be a massive problem. Setting an arbitrary time for confirmations is not really a solution to this because how do you determine how long it will take for the exchange to realize they are off chain?
With withdrawing, everything is in the exchanges system so if you are both off chain, the exchange still has this information saved and can process the transaction again once they are back on chain.

In such cases you halt trading.

Not close deposits for retail and keep them open for the team.

+ Tommy has an EBI key that controls any wallet he wants. That's probably why Exchanges won't open deposits, they could have their coins frozen by Tommy at any time and don't want to risk that.

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

You are contradicting yourself. You say that exchanges do not want to open deposits, because they are afraid that Tommy can freeze their wallets. And at the same time, you claim that they accept deposits from the ENERGI team, which can freeze their wallets.

They were depositing under the pretex of market making as they fix the chain issue. (proof was posted by their ex lead dev  https://bitcointalk.org/index.php?topic=4912743.msg54244182#msg54244182_

Now that exchanges realize that the chain in centralized in the hand of one person they are never going to probably open deposits. This just a logical observation.

Tommy froze the ex dev's funds BTW using that key. And some other address aswell

[bttmember]

Personally i will take this behavior from the team as suspicious as i have previously seen some projects that have taken strange steps like these and later on they have declared themselves bankrupt or exit scammed.

[ameliana]

I will sell it and will not hold it for a long time, such a reason does not make sense I mean if it's true that you bought the token you should be able to control it.
or you should at least read the agreement first.

the problem is the OP is not buying coins or maybe getting them from the Bounty campaign or maybe from the airdrops campaign. in this case I will not say much, maybe for more detail about the aims and objectives of the project they can be interrogated directly with the project team itself.

[Odebowa]

From my point of view the team does not want investor to feel like it's dumping project which might have adverse effect on the price which they will inturn gain nothing. So they heard to play their card very well for the betterment or success of the projects.
Though only the manager and the team can have accurate answer. Every other will be assumption