Would you trust a controlled ICO? XIAN COIN in particular...

[alani123]

Didn't Philistines have a president who himself encouraged citizens to go out and murder addicts in cold blood?

Did I even mentioned anything political and social issues about the country? What's Philistines btw lol. I haven't even stated anything related to such matters...

Well, yeah... It's kind of an oddity how a government that's so authoritarian on illegal transactions lets such wrong doings fly with crypto crypto and related pyramid schemes. Makes you wonder how corrupt officials might be. Potentially they're even directly benefiting directly with bribes from such schemes for such matters to fly under the government's radar. 

[boyptc]

This will burn a lot of investors money.

Investors who are hopeful with that coin doesn't have any particular knowledge about cryptocurrencies. ICOs are not viable anymore if they don't know it and with those points of having no whitepaper or so.

If the investors insist that they'll make money on it as what it says in the description with a 300%+ increase, that's a crazy promise.

The huge purchase is just for a show to attract more lack of knowledge investors.

[Yogee]

........
There are still good ICOs out there that only had less clients and investors due to the past accidents that changed the image of bounties and ICO projects.

ICOs that are considered good today are those backed by big personalities and big exchanges. It's not just about the utility anymore.

Not to promote the Founder, but that criminal already "were trying" to change his life and was helping a lot of those whom in need... but usually trolls on the social media with his wealth lol (it's somewhat funny tho if you're a Filipino )

Meh. Launching a meme token to fool the gullible people and enrich himself just means he hasn't changed at all. 

.....His website looks bluffing but why there people buying his coin, they should be notified that it's a pure scam and will only benefit the owner.

What if the founder himself or his co-conpirator is just manipulating the "token sale"?

[boyptc]

I think this problem is most likely common to the third world country where people automatically believe such information what other tells them because they don't know or they are too lazy to do their own research. This is somehow common to MLM investment scam where people invest since they were deceive by showing some sports car or full cash in hand. The people should report that to the authorities in order to put some action into it before someone has to suffer the loss.

It is a problem everywhere.

This pandemic has hit hard and made people desperately want to earn money. And with by means of everything, they'll get in even if they don't understand as long as they hear that they can earn money from it without any explanations.

They just want to hear it, "hey you'll make x1000 after several months or xx years on this if you invest now."

[abel1337]

I am an active follower of the CEO of this coin and I idolize the scam schemes he exposed on his vlogs but as an educated cryptocurrency user I don't really recommend giving my trust and support in this. It's obvious on what is his intension about launching this coin, Having no whitepaper at least is one sign of a scam attempt. It's just ironic because he is exposing scams all over the Philippines but now he's doing a scam scheme. I've seen too much shilling on his page, People who invested and asking others to invest too, Just a disappointing thing to see.

[Ucy]

The centralization is enough for me to avoid participating. 

So, he controls the "virtual central bank"? Meaning he alone (and maybe few others) make the decision and can do whenever he/they want with the central bank?

Well, I don't think this even qualify as a true cryptocurrency. It breaks lot of the basic standards of a true crypto.

[Shasha80]

Even though Xian coin can provide large profits, if the purpose of making an ICO project is only for illegal activities, of course I will not
support ICO projects such as Xian coin. Because I am looking for profit, I don't want to go through illegal channels, surely many will wonder
why Xian coin can increase the value. Even though there is no whitepaper or legal documentation. In the crypto world, it can happen if there is
a lot of demand for Xian coin. Due to the increase in crypto prices based on supply and demand, I suggest looking for sustenance in the right way.
Don't get profit through Xian coin, because if you invest in Xian coin you are indirectly supporting illegal activities.

[boyptc]

The centralization is enough for me to avoid participating. 

So, he controls the "virtual central bank"? Meaning he alone (and maybe few others) make the decision and can do whenever he/they want with the central bank?

Well, I don't think this even qualify as a true cryptocurrency. It breaks lot of the basic standards of a true crypto.

He did.

And by all means, people are blindly following him and are too eager and excited with the claims that the coin will be worth blah blah blah in the future.

Scams like this make a lot of people look to crypto as a bad place to invest.

[Nellayar]

Once a scammer, will always be a scammer.

Only fool people will enter in his investment as we know that he is well-known scammer. If there is a credibility that I see to him, that is when he exposed other scam investment such as Kapa. However, it would never remove my doubt that he only run this coin for the sake of himself. I don`t know why there are still people willing to invest to a scammer. They really thinking that this man has concerns after all.

[goinmerry]

The team and their minions are hyping the coin at all PH forums, small or not, and social media groups. That alone is enough reason for me not to support the coin.

And the truth is, no way I will support any ICO/IEO that was started by a Filipino even the owner, devs and the team itself don't have a bad track history. Sad truth but most of PH organized project like this is more of hype.

Maybe my "kababayan" will goes mad at my statement but wake up please. There's no such thing that a project will know that their expected value in the future will be huge. XIAN COIN minions are confident they will surpass bitcoin's dominance.

[Latviand]

- Would you still trust a convicted criminal running an obvious fake project?

Obviously not, it is hard to repeat the same mistakes again and trust issues really matters right now.

I don't care about the sales talk that he did just to make other people understand cryptocurrency. Many people are really interested when it comes to an easy money, but they should understand that cryptocurrency is not like that. This project will probably benefit him, and not the people who invested to it. It really takes a lot of time for this new coin to gain a lot of reputation and it takes more than 5 to 10 years to see its full potential.

I'm pretty sure that the Philippines SEC will give a warning if not going to kill this project before it takes off. The Philippines is very welcome with regards to bitcoin and the rest of the crypto market, they have their own exchange coins.ph. So pretty much the government will or have this scammers on their radar and could be one day put down for good.

In Philippines, I will just stay in using bitcoin because of the reputation it has in the market instead of risking another investment with a coin that comes from a convicted criminal who scammed a lot of people before.

[Akiko]

The team and their minions are hyping the coin at all PH forums, small or not, and social media groups. That alone is enough reason for me not to support the coin.

And the truth is, no way I will support any ICO/IEO that was started by a Filipino even the owner, devs and the team itself don't have a bad track history. Sad truth but most of PH organized project like this is more of hype.

Maybe my "kababayan" will goes mad at my statement but wake up please. There's no such thing that a project will know that their expected value in the future will be huge. XIAN COIN minions are confident they will surpass bitcoin's dominance.

This is just a ordinary tokens so there is no way this one  can surpass bitcoins maybe in their dreams . They are confident because they are doing scam before, so even this one they created turn to be scam they already know what to do we need to understand that justice in ph is not serve for every one so even how many times he do it you are free as long as you have the money.

[cryptoaddictchie]

The team and their minions are hyping the coin at all PH forums, small or not, and social media groups. That alone is enough reason for me not to support the coin.

I have a relative that are not really aware of cryptocurrency. To my shock he did pm me about xnc or xian coin. He is working in Dubai and told me that there are some of his co worker interested/and already invested. It seems social media power is boundless. But I told him, the precautions and explained to him anything that could pursuade him to be aware of the consequence. Well, Im not in the position to stop him but only to inform and educate him right? Still his judgement based on my inputs.

And the truth is, no way I will support any ICO/IEO that was started by a Filipino even the owner, devs and the team itself don't have a bad track history. Sad truth but most of PH organized project like this is more of hype.

Cant blame you though with the past history of Philippines ICO/IEO projects held by our own countrymen. But be proud that there is one legit from Philippines that Im sure its legit and gonna work fine and be succesful more in the future. Swipe project that are partnered with Binance is a Filipino product made by our own countrymen. This project is really high valuation so for me, its one of the succesful project ever contributed by the Philippines.

Xnc coin can be hyped but Im sure loopholes will slowly come out and eventually turn this project down.

[traderethereum]

The team and their minions are hyping the coin at all PH forums, small or not, and social media groups. That alone is enough reason for me not to support the coin.

And the truth is, no way I will support any ICO/IEO that was started by a Filipino even the owner, devs and the team itself don't have a bad track history. Sad truth but most of PH organized project like this is more of hype.

Maybe my "kababayan" will goes mad at my statement but wake up please. There's no such thing that a project will know that their expected value in the future will be huge. XIAN COIN minions are confident they will surpass bitcoin's dominance.

This is just a ordinary tokens so there is no way this one  can surpass bitcoins maybe in their dreams . They are confident because they are doing scam before, so even this one they created turn to be scam they already know what to do we need to understand that justice in ph is not serve for every one so even how many times he do it you are free as long as you have the money.

It will be very difficult to surpass bitcoin, even for surpass the other tokens.
But that token can surpass the other tokens if the team can works until the project reach their goals one by one.
We hope that people who invest in that tokens knows what they did, and they need to prepare themselves if somehow, the project fails to reach their target in the future.
We don't know how the team can increase the price, but we can let them do what they need to do.
Meanwhile, we can leave the token as it, and it is better to search for the other potential coins/tokens.

[boyptc]

Once a scammer, will always be a scammer.

Only fool people will enter in his investment as we know that he is well-known scammer.

Too bad that these people who will invest into this coin are going to find themselves crying once this owner starts to run away with their money.

There are still a bunch of gullible people that believes with every such word an owner says. They have to understand what crypto really is.

[Yaunfitda]

(...)

I'm pretty sure that the Philippines SEC will give a warning if not going to kill this project before it takes off. (....)

SEC Philippines will have hard time to take this down again, especially it is under cryptocurrency. All SEC Philippines can do will make advisories just like what happened in Forsage.
For sure this will be the start of another level of ponzi schemes in Philippines, using cryptocurrencies. It's just sad for people from Philippines that don't have much knowledge and just want an easy money.

If. that is the case then at least this is good way to start with, instead of waiting for the last minute of making advisories until it's too late. I'm not familiar with Forsage, but when the current boom of crypto again, there will be lots of scammers taking advantage of unsuspecting victims and it's high time that Philippine SEC will get their hands dirty and start giving advisories to Filipinos not to fall for this scams.

[rodskee]

Once a scammer, will always be a scammer.

Only fool people will enter in his investment as we know that he is well-known scammer.

Too bad that these people who will invest into this coin are going to find themselves crying once this owner starts to run away with their money.

There are still a bunch of gullible people that believes with every such word an owner says. They have to understand what crypto really is.

There are still people who believes that there's an easy access to earned a lot, people who keep trying to
engage and participate blindly they only after with quick benefits.
We will not be surprise anymore about those crying investor after the coin collapse and the owner / team
are no where to find.
For now the only help is to keep alerting them that the project can do harmed and there's a big potential
in losing there money instead of gaining from it.

[Eternad]

Once a scammer, will always be a scammer.

Only fool people will enter in his investment as we know that he is well-known scammer.

Too bad that these people who will invest into this coin are going to find themselves crying once this owner starts to run away with their money.

There are still a bunch of gullible people that believes with every such word an owner says. They have to understand what crypto really is.

The target of the founder is those who didn't know anything about crypto. He is known scammer yet too good in getting people's attention as if favoring in him. He's totally good in scamming and using bitcoin as marketing. Hopefully this sale will stop, we're all waiting for the sec to release a notification to let the people know it's a scam it's too hard to explain in Facebook that it was scam as if they are really willing to get scam since they dont6study whats it all about, a easy scam plan from the founder.

[rexxarofmoknathal]

The Crypto Open Market makes a price bigger, and so the re-sellers of a certain coin as well, depending on many factors such as the volume etc. But then not releasing such ICO on the crypto market, how would it even increase it's price??

It is exactly as you say it is. This ICO is obviously not an ICO there is not public involved, in fact the only people involved are those who are on it from the beginning. There's no real reason for the token price to increase since as you say it there's no listing on any exchange so the only way an increase in token price comes about is from artificial inflation and manipulation.

The standards of an ICO don't change, and that's no matter what token or which continent you are releasing the token. Investors won't get into it without a whitepaper or any sort of document to show how the idea will make them money.

[tbterryboy]

It really makes no sense that you would buy a specific coin that you could exchange for a fiat currency of limited numbers.

I mean if you have bitcoin be sure that you could exchange that to fiat anytime you want, any fiat at any country you want, bitcoin is a wanted thing in every nation and when you offer like 5% discount you can sell it all over the world without any trouble. Hell I went to vacation to a whole another country and I had no money left (well not the fiat of that nation, I still had money in my own nations fiat) so I sold some bitcoin there and got their own money, it was incredibly simple, they showed me a QR code and I showed my phone that and paid them and they gave me cash right there, I think they got it 3% cheaper so I was out only 3% which is a lot if you want to constantly do it but nothing in that scenario.