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Author Topic: Are we cheated by some good altcoins?  (Read 619 times)
jajorforce (OP)
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August 31, 2020, 11:13:27 PM
 #1

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
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August 31, 2020, 11:46:29 PM
Last edit: September 01, 2020, 12:07:16 PM by Hypnosis00
 #2

It has always been a trick. In fact, some issues have come that trading volume can be fake, the same thing that ranks can be fake as well. I'm not sure how reliable it is that is why I consider less on the ranking system but instead to look at how potential it was.
It was our responsibility and we are not risking our money just to lose but to expect profit after. But if we are not good at choosing coin for investment and we just rely upon on the rank, we're certainly giving a way to lose.
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August 31, 2020, 11:58:25 PM
 #3

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

Probably it was a speculations that came up to my mind, but in reality we we're affected by whales. They're dumping huge amounts that's why most good and stable altcoins went so dip from previous years and I consider it as not recovering even though we seen some attempt to increase.


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September 01, 2020, 12:16:01 AM
 #4

1:10 , INS:XNS swap was planned to dilute the price by the team. Team raised 45millions USD and certainly their swap made the investors angry. Devs are practicing deceptive theory, there. Smells fishy. And unexpected from the team. Overall analysis will prevent potential investors to dump money into it
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September 01, 2020, 12:41:23 AM
 #5

"good" altcoin? It's difficult to find a "good" altcoin.
Some altcoins may be good, but there are some part that is not good, every altcoins got different uses and how they work.
Speaking or INSOLAR, I got also some of these before, but I sold them immediately when they are still on trend on Binance Exchange before, and I believe this altcoin is already dead.

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September 01, 2020, 02:00:35 AM
 #6

1:10 , INS:XNS swap was planned to dilute the price by the team. Team raised 45millions USD and certainly their swap made the investors angry. Devs are practicing deceptive theory, there. Smells fishy. And unexpected from the team. Overall analysis will prevent potential investors to dump money into it
It looks like they were slowly robbing their investors and that's why it was getting delisted from the exchange sites. that's very shady

Dude, 3 years of vesting is not something that can be accepted by all of investors. I have seen so many investors were feeling stressed caused by that.

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September 01, 2020, 03:45:28 AM
 #7

i just thought that they did some trick to keep investors holding their coins. However, it would be odd to lock it for 3 years. I've heard this project was successful in 2017 or 2018 if I'm not mistaken, and then changed names. Well, if they do the things you mention, I think this project is starting to lose its faith. however, this you can ask directly on their official telegram, regarding the clarity of their program and development.

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CryptopreneurBrainboss
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September 01, 2020, 03:56:57 AM
 #8

Buddy that altcoin isn't no good altcoins. What you or your friend is holding is just another piece of shit and you better get rid of it before you regret even more. I understand if he'll be thinking of holding since probably he (your friend) probably is already in lost but sometimes it's ok to take some losses instead of losing everything.

When project founders begin to interfere with the price of their project openly (making it very obvious to the community) they just know something is wrong. Why  I said openly is because in one way or another each project has their price been manipulate indirectly either with rumours, token burning etc

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September 01, 2020, 11:38:52 AM
 #9

Why don't you sue them or something? It's obviously a fucked up projects run by scammers (or shady team). 3 years of lock-up is just madness when they don't offer anything else.
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September 01, 2020, 11:52:00 AM
 #10

That's a scam dude. I have been watching all of the stories and all of the swapped coins in the exchange sites were also getting vested for 3 years later.

I think that your friend got small coins caused by no more than 0.5% from the your total token will be released for the first year


I hope you can watch this https://t.me/insolar/515273

You can see how much percentage will be released in every year.

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September 01, 2020, 11:52:40 AM
 #11

Why don't you sue them or something? It's obviously a fucked up projects run by scammers (or shady team). 3 years of lock-up is just madness when they don't offer anything else.

look at their price chart. in continuous downward motion. dont think they are going to return to their price level 5 months ago. lets see if they can get those companies that will integrate their coin as part of their payment system as it will be announced this 3rd quarter of this year.


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September 01, 2020, 12:00:34 PM
 #12

There are so many coins coming out right know it is hard to keep track, and potentially they are all good that serve a certain point. It is just that some of them fail after a couple of years.   
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September 01, 2020, 12:14:36 PM
 #13

There are so many coins coming out right know it is hard to keep track, and potentially they are all good that serve a certain point. It is just that some of them fail after a couple of years.   
It can also fail in the next week or even just a day.
Not all coins that it looks promising, legit project, have a supportive developer could always be the same as from the start. It soon they'll change and their partnership may change as well. It all just Bitcoin and Ethereum are worth reliable for a long-term investment, not those projects that just coming by because it soon they will vanish.

I don't think it was a cheat but it just happened that the market competiton keeps stronger and those weak projects will never win but instead seeing them die.
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September 01, 2020, 12:20:48 PM
 #14

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

Wow nice seeing this coin recovered from almost dying,from the ATH of 10$ down to 0.13$ but now upon checking this one goes again to 0.61$ because i use to have this currency but sold it right away when i got mine.
and yeah suddenly weeks after the currency fells continuously and comes to almost dying one.
And i Think this project reached the HardCap before if i am not mistaken that's why i'm so disappointed seeing in the lowest price.
There are so many coins coming out right know it is hard to keep track, and potentially they are all good that serve a certain point. It is just that some of them fail after a couple of years.   
Expect the fails if the project really don't tended to stay for long and just for fast making money things that is  trending in altcoins now.
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September 01, 2020, 12:39:00 PM
 #15

It will just do more damage to all the investor and holder. 3 years locked when their trend is downward that's just a big NO  Roll Eyes and I'm sure people with right mind will be angry at them though I doubt they will care about people's opinion.
Considering that even in 1 month a price of a coin could change significantly 3 years is simply insane.In my opinion you're being cheated but that's just my opinion. I think you should find anyway to get back your money otherwise you are just waiting 3 years for nothing basically waste both your money and time into something that probably just gonna makes you disappointed.

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September 01, 2020, 01:11:24 PM
 #16

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
Top rank in the market cap doesn't mean it is a good coin, don't get fooled by the numbers, just choose the best out of it.And most of the tokens are just scam and you literally lost your investment capital when those tokens are getting delisted.Learn from your mistakes and better to find complete decentralized projects in future.
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September 01, 2020, 01:20:09 PM
 #17

I think they start suffered a setback so as to force investors them to continue to adhere to a such a manner , but to remove from the exchange own listed who you told you i do not know for certain its me not invest there think evil thoughts with his
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September 01, 2020, 06:32:05 PM
 #18

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

if you are investors I don't find any reasons why they need to lock your coins since its your money and you are the one invested . Maybe they want to manipulate the price of that currency if they don't want to distribute the real supply of the tokens to token holders. if no one will sell the currency then they can adjust the price base on what they want and they can easily manipulate it and that's not good for those investors that locked funds and besided 3 years is too long to know what will be the market value of that tokens after.

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September 01, 2020, 07:35:27 PM
 #19

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

Not all top coins are good coins. Lots of top coins have already left the market with investors' money. I was once cheated by a top 50 coin, which I still remember how frustrated I was at the time. They scammed all investors and they left the market with investors' money. And whatever happened to you, it was really a dirty game played by the dev. I would say that in the coming days, you must be careful not to fall prey to such scams. Increase your ability to do research, move forward in such a way that you can find fake projects.

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September 01, 2020, 07:43:39 PM
 #20

I think such coins are scam coins, if the developer is really serious about developing the project there is no other reason than to list their coins on many exchanges Especially on top exchanges, not locking coins for too long let alone years because this can be abused by them. There are many cases of projects like this. Watch Out.
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