Does it really matter if they did or didn’t create it? Like you said they own the project now which is not much different. At least the outcome is the same as how I described it.
They own the project, they own the majority of the supply, they control the prices and yet it is still failing because it is a shitcoin which has only one purpose; scam people out of their bitcoins.
Had they used dogecoin instead, it would have been a very different story but that’s the thing. They can’t afford to use a real cryto currency like doge. > bankruptcy
My problem with the token isn’t so much that it has lost so much value or that it is a shitcoin. I knew it was a shitcoin from the start and I had very low expectations. I only invested in it because of the premium benefits.
The main selling point for the premium program was the Wheel of Fortune, which is essentially a second faucet with better rewards than the normal one. The problem is that the rates for winning larger prizes were quietly nerfed and the prize amounts were also decreased, not just a decrease due to Bitcoin price volatility but an additional decrease on top of this.
When I inquired about the logic behind making prizes worse and worse, TheQuin gave a typical snarky reply basically saying I should be thankful to be getting free money. It is not actually free, however, since it requires an upfront investment. I’m sure the changes were made to keep the premium membership program sustainable, but the way they went about doing it, making changes that drastically changed our original expectations without notifying users, felt like they were pulling the rug from underneath investors.
