is ChainX a scam??

[hhhyyy7]

I don't mean the exchange, more so the polkadot parachain project. Unless these the exchange and the project are linked?

The return to investment is what attracted me to it initially, but I have been reading that the exchange is a scam. But, haven't heard about if the polkadot parachain project is legit

As it seems the exchange is korean but the polkadot parachain project is chinese

Thanks for your help

[VDraci]

ChainX exchange is just like another version of p2pb2b exchange, full of fake volumes and watch trade, I haven't seen a successful IEO from ChainX that retains good value or volume, they always dump too fast, here is another proof to back my point

https://bitcointalk.org/index.php?topic=5227425.0

[Retainly_Collie]

ChainX exchange is just like another version of p2pb2b exchange, full of fake volumes and watch trade, I haven't seen a successful IEO from ChainX that retains good value or volume, they always dump too fast, here is another proof to back my point

https://bitcointalk.org/index.php?topic=5227425.0

Absolutely agree with you, this is just a version like P2PB2P. I have never seen any successful IEO on this exchange, there are a few IEO sold out in a short time, but after being listed, its price drops many times compared to IEO's price. Be careful when participating in this exchange

[DDante]

The exchange is bad, even Probit and coinsbit beats this ChainX, customer service is very low and fake volumes are on the exchange, stay away, it's Definitely like idax and p2pb2b exchange

[Greatchu]

I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity

[bluebit25]

I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity

I am aware of this exchange since they implemented IEO blockburn. IEO was sold in a few minutes and completely successful. But I was very surprised when after listing this project, the price of it was quickly reduced by 20 times and there was no investor trading it. I later realized that most trading pairs were empty and had no volume. Stay away from this bullshit exchange

[Ken_terrance]

I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity

I am aware of this exchange since they implemented IEO blockburn. IEO was sold in a few minutes and completely successful. But I was very surprised when after listing this project, the price of it was quickly reduced by 20 times and there was no investor trading it. I later realized that most trading pairs were empty and had no volume. Stay away from this bullshit exchange

Yes the exchange is full of bot trading and watch trades, no good volume and lack of liquidity, its a shame that new projects team don't do research on exchanges before listing on them, this type of exchange kills new projects easily

[Kotone]

There are series of IEO held there and lot of complained that they have been manipulating the result of their listed project. So for me, an obvious exchange like this would not progress, its like they are similar with other worthless platform such as latoken, vindax and p2pb2b exchange which proven to cheat or manipulating on their exchange.

The exchange is bad, even Probit and coinsbit beats this ChainX, customer service is very low and fake volumes are on the exchange, stay away, it's Definitely like idex and p2pb2b exchange

Why you included Idex? That is a legit exchange and worth than these markets you mentioned.

[Byakuga]

ChainX is another shit exchange like vindax, latoken, exmarket, p2pb2b, and others that lacks good reputation to protect, any scam projects can list on these exchanges at cheap costs, the exchange team only care about money making and manipulations

[torrantz]

I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity

I am aware of this exchange since they implemented IEO blockburn. IEO was sold in a few minutes and completely successful. But I was very surprised when after listing this project, the price of it was quickly reduced by 20 times and there was no investor trading it. I later realized that most trading pairs were empty and had no volume. Stay away from this bullshit exchange

It caused by the real amount that has already raised by Blackburn was fake and that's why the team was selling the unsold tokens on the chains. I have seen the ico that was doing it on p2pb2b too.

That's a horrible thing and chainx is a scam.

[Zazzu]

I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity

I am aware of this exchange since they implemented IEO blockburn. IEO was sold in a few minutes and completely successful. But I was very surprised when after listing this project, the price of it was quickly reduced by 20 times and there was no investor trading it. I later realized that most trading pairs were empty and had no volume. Stay away from this bullshit exchange

It caused by the real amount that has already raised by Blackburn was fake and that's why the team was selling the unsold tokens on the chains. I have seen the ico that was doing it on p2pb2b too.

That's a horrible thing and chainx is a scam.

Obviously, this is a scam exchange and if anyone joins their IEO then I believe they will lose all that money. Don't join any IEO at this exchange, go to other larger exchanges to be safer

[Samayuki]

Safe yourself the time and use Google to search to find reviews on ChainX, I haven't seen anyone who talk good about this exchange, it's a bad exchange IMO, stay away, using such exchange for trading is risky, it will be easier for this exchange to exit scam

[asyakashi]

Safe yourself the time and use Google to search to find reviews on ChainX, I haven't seen anyone who talk good about this exchange, it's a bad exchange IMO, stay away, using such exchange for trading is risky, it will be easier for this exchange to exit scam

This is not the only case of fraud from new exchange promos, even exchanges involving governments such as BCNEX.
I got a big fraud from their project. you should be more careful with their platforms. it is not easy to establish crypto exchanges.

[CryptoYar]

Honestly, I didn't know this exchange is a scam. Till today I used to think that this is also a good exchange, But today I'm surprised to see all your comments on this thread, Everyone is saying that this is a scam, however, thank you, guys.

Some other friends like me may also consider this exchange good, It would be very good if someone got scammed by this exchange, then he should start the topic here

[minairia3]

You can hardly find a new exchange not to be scam. There are lots of new exchanges that become scam like idax, yobit and even this chain. Ive joined emjac campaign but did not received any payment. This project held their IEO on chainX and guess what they have a good result, but unfortunately we are not get paid due to fact about their issues. I know there is something fishy about this market cause its just new. I dont know even if their volume is legit at all or just manipulated.

[altscaner]

too many bad reviews on this exchange so I think if someone says scam exchange I think it's not wrong, even though it is regretted because this exchange originated from South Korea even though exchange projects from other South Korea are not many that are scam and actually good but Chainx just the opposite.

[btc_angela]

ChainX exchange is just like another version of p2pb2b exchange, full of fake volumes and watch trade, I haven't seen a successful IEO from ChainX that retains good value or volume, they always dump too fast, here is another proof to back my point

https://bitcointalk.org/index.php?topic=5227425.0

You mean wash trading? yeah, its possible, there's a lot of exchanges today that are practicing that so I wouldn't be surprised if ChainX is also doing that behind all traders. So no surprises here, and OP has a point so I'm in his shoes, do did a good job researching it, and the conclusion is that don't put your money, as the chance of losing them are very high, just a friendly advice.

[JeotQ]

ChainX is just another small exchange from inexperienced team trying to survive, the exchange failed because of the team, they aren't very well experienced, exchange isn't easy to run, without pro team the exchange will surely lack behind big time

[Furious 7]

ChainX has indeed been talked about a lot before because of their shady exchanges, although many IEOs are running, but it's easy to be priceless, well, here we know enough that we have to do research or ask their reputation here.
I have never used ChainX exchange.

[L A R A]

ChainX is a scam exchange, it usually cooperates with projects that will hold IEO there to fool investors, making it appear as if tokens were sold out in a short time, even though nothing was actually sold.