[SCAM] Tweebaa

[deadley]

Every scam have expiry day. Look like Tweebaa had today.

Check how chart is looking now.

http://prntscr.com/ubryfz

That is indeed ugly. Down 93%:

https://coinmarketcap.com/currencies/tweebaa/

Has a trading volume of $187 MILLION!

Who knows how much of that is real volume but the exchange hosting its one trading pair (BitMart) made a fortune because of this scam. At 0.25%, their starting trading fees are pretty hefty, too. Let's say the majority of trading was done at a fee of only 0.1% on both sides of a trade, that is

(187,000,000 x 0.001) x 2 = $374,000 in trading fees in the last 24 hours alone.

So the exchange easily made a million dollars allowing this garbage to be traded over the last week.

https://www.bitmart.com/trade/en?symbol=TWEE_USDT

Their next most popular trading pair, BTC/USDT, has a trading volume of $34.5 million.

Simply disgusting.

I don't think exchange getting all fee according to volume, in mostly cases exchanges involved in wash trading to show huge volume to attract new user, where actual volume even not 1%. And they hire trading BOT to do trade in between of spread where no real trade happening just showing on volume.

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[logfiles]

Has a trading volume of $187 MILLION!

Who knows how much of that is real volume but the exchange hosting its one trading pair (BitMart) made a fortune because of this scam. At 0.25%, their starting trading fees are pretty hefty, too. Let's say the majority of trading was done at a fee of only 0.1% on both sides of a trade, that is

(187,000,000 x 0.001) x 2 = $374,000 in trading fees in the last 24 hours alone.

Isn't the percentage of the fee charged from the shitcoin and not USDT. If it is then the manipulator won't care since it's a shitcoin anyway

Based on the trend. Its seems only few manipulator(probably dev or team) controls it. My friend were able to profit with this prior to this huge dump.

Yeah, the manipulator probably holds a majority of the coins and some USDT. So what they are doing is basically keep buying the tokens at increasingly higher prices with no sell order to dump the price until some newbies fall for the trap and also buy the tokens due to FOMO and then at one point, they will just dump the price. Scammer gets the USDT, newbies remain with the worthless shitcoins.

Im starting to think why Bitmart allowing this kind of project on their market. Seems odd to see an abnormal market for this. Only if other traders hanging out here they could see some feedback but not. What's on their mind are all pure profits.

It's a shit exchange that might also be operated by scammers. it needs to be investigated.

I am adding a newbie flag to @winter1001, the stupid scam promoter.


Please support the flag: https://bitcointalk.org/index.php?action=trust;flag=2304

[aioc]

Every scam have expiry day. Look like Tweebaa had today.

Check how chart is looking now.




http://prntscr.com/ubryfz

You said it right and their expiry date is when the developers and it's bag holders already made a profit and it looks like they already did so it's game over for them I still see a lot of buzz about this project in social medias trying to pump a coin that will soon be over.

[deadley]

Every scam have expiry day. Look like Tweebaa had today.

Check how chart is looking now.




http://prntscr.com/ubryfz

You said it right and their expiry date is when the developers and it's bag holders already made a profit and it looks like they already did so it's game over for them I still see a lot of buzz about this project in social medias trying to pump a coin that will soon be over.

Didn't you listen phrase 'Dead cat bounce' so it is like that, it will pump little before bury fully.

[nutildah]

I don't think exchange getting all fee according to volume, in mostly cases exchanges involved in wash trading to show huge volume to attract new user, where actual volume even not 1%. And they hire trading BOT to do trade in between of spread where no real trade happening just showing on volume.

Bots pay trading fees. If the exchange is running the bots, then you are right in that no trading fees are collected.

Isn't the percentage of the fee charged from the shitcoin and not USDT. If it is then the manipulator won't care since it's a shitcoin anyway

This is a good question. I'm pretty sure that on the Buy side fees are paid in shitcoin and on the Sell side fees are paid in USDT. In any case the volume for this coin is now down to $9 million in the last 24 hours, so the party is effectively over.

[FatFork]

I am adding a newbie flag to @winter1001, the stupid scam promoter.


Please support the flag: https://bitcointalk.org/index.php?action=trust;flag=2304

At the first sign of possible fraud, any honest manager should distance himself and stop further promotion of the project.

Flag supported.

By the way, this is one serious dump that I haven't seen in a long time. I feel sorry for everyone who got hooked and invested in this scam.

[Bitcoinsummoner]

As we know "Morning shows the days". Same has/is happened/happening for this project (Tweebaa). It started its scam technique by creating plagiarized whitepaper, and goes it climb by creating fake trade volume with fake price.

I saw it trading history from $5 to $59, thats an amazingly gained.

Now it is 3.52$