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Author Topic: The Change LTD - Questionable Service & Signature Campaign  (Read 587 times)
ChiBitCTy
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August 16, 2024, 05:31:03 AM
 #21

Poor grammar/punctuation by the site and manager is a bad look for starters. This is typically the first and easiest tell tale sign of a bs project.  The team is listed as a single “prominent forum member” and their username is listed. No actual names given ..Oh boy now I feel warm and fuzzy about them lol. They state instant transactions, but then state it can take 2-15mns to take place. The also state the exchange rate can change from what’s quoted due to market volatility.. and there was no reason to read more or point out the other ridiculous statements. This is without question a shady af project..no way it’s not a scam. 

Thanks for pointing it out OP! 

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August 17, 2024, 12:11:05 AM
 #22

They state instant transactions, but then state it can take 2-15mns to take place.
If we are waiting for the first confirmation transaction to start the exchange process, what is your opinion, how long does it take? Less than two minutes for both transactions?

The also state the exchange rate can change from what’s quoted due to market volatility.. and there was no reason to read more or point out the other ridiculous statements. This is without question a shady af project..no way it’s not a scam. 

Honestly, this is quite a real thing, that the exchange rate changes during the transaction process and it's out of their control. That argument is not really a basis for claiming that "no way it's not a scam" for someone.


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ChiBitCTy
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August 17, 2024, 01:29:37 AM
 #23

They state instant transactions, but then state it can take 2-15mns to take place.
If we are waiting for the first confirmation transaction to start the exchange process, what is your opinion, how long does it take? Less than two minutes for both transactions?

The also state the exchange rate can change from what’s quoted due to market volatility.. and there was no reason to read more or point out the other ridiculous statements. This is without question a shady af project..no way it’s not a scam.  

Honestly, this is quite a real thing, that the exchange rate changes during the transaction process and it's out of their control. That argument is not really a basis for claiming that "no way it's not a scam" for someone.



You testing me with your first question? lol. A confirmation is entirely dependent on what coin is being transacted, the fee you set, the blockchain “flow”, etc. Do you concur with my opinion ? Lol

They way I read it, which is extremely vague and poorly written really ( and I read it kinda quickly and even if I misread that, it doesn't change a thing)..when doing an exchange you might pay $-x for btc-x. During a confirmation period the $x value tied to a coin almost 100% will be different as coins have a 24/7/365 open buy/sell market. Now depends if im buying at market, or setting a buy limit purchase, of course... I’ve never seen an exchange not be pre-set when buying to a buy limit order (or a coin swap for that matter as this wouldn’t even apply then as there’s no sales other than the exchanges cut, since it’s a swap). So I agree to pay $200 for .1 btc ..that’s what occurs. I am going to get the .1, though its $ value might be $180 or $220 when received..of course.  I read it as you might pay $200 for .1btc but get .098 (again could have read wrong, doesn’t matter, this project is absolutely not legitimate).

Tech stupid but as a FA and someone who’s been around for a decade.. I know the basics. I also know how to spot scams, I do a lot of scam busting for work and in the crypto space . It’s easy to spot scams when you know what to look for. This is obvious as all hell.

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August 17, 2024, 06:21:44 AM
 #24

You testing me with your first question? lol. A confirmation is entirely dependent on what coin is being transacted, the fee you set, the blockchain “flow”, etc. Do you concur with my opinion ? Lol

They way I read it, which is extremely vague and poorly written really ( and I read it kinda quickly and even if I misread that, it doesn't change a thing)..when doing an exchange you might pay $-x for btc-x. During a confirmation period the $x value tied to a coin almost 100% will be different as coins have a 24/7/365 open buy/sell market. Now depends if im buying at market, or setting a buy limit purchase, of course... I’ve never seen an exchange not be pre-set when buying to a buy limit order (or a coin swap for that matter as this wouldn’t even apply then as there’s no sales other than the exchanges cut, since it’s a swap). So I agree to pay $200 for .1 btc ..that’s what occurs. I am going to get the .1, though its $ value might be $180 or $220 when received..of course.  I read it as you might pay $200 for .1btc but get .098 (again could have read wrong, doesn’t matter, this project is absolutely not legitimate).

Tech stupid but as a FA and someone who’s been around for a decade.. I know the basics. I also know how to spot scams, I do a lot of scam busting for work and in the crypto space . It’s easy to spot scams when you know what to look for. This is obvious as all hell.

Practically every instant exchange follows this practice of paying you at a different rate than what was quoted if the price changes in the time it takes to receive confirmation. I checked on three popular exchangers, eXch, FixedFloat and Sideshift, and all of them default to a variable rate. If you want a fixed rate, these exchanges offer this option at a higher fee.

The Change LTD should also offer an option to exchange at a fixed rate. I don’t expect them to have every feature available from day 1, but if they want more customers, it would be great if they added the option to have a fixed rate because sometimes we need to make a payment for an exact amount of a certain altcoin.

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ChiBitCTy
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August 17, 2024, 06:49:47 AM
 #25

You testing me with your first question? lol. A confirmation is entirely dependent on what coin is being transacted, the fee you set, the blockchain “flow”, etc. Do you concur with my opinion ? Lol

They way I read it, which is extremely vague and poorly written really ( and I read it kinda quickly and even if I misread that, it doesn't change a thing)..when doing an exchange you might pay $-x for btc-x. During a confirmation period the $x value tied to a coin almost 100% will be different as coins have a 24/7/365 open buy/sell market. Now depends if im buying at market, or setting a buy limit purchase, of course... I’ve never seen an exchange not be pre-set when buying to a buy limit order (or a coin swap for that matter as this wouldn’t even apply then as there’s no sales other than the exchanges cut, since it’s a swap). So I agree to pay $200 for .1 btc ..that’s what occurs. I am going to get the .1, though its $ value might be $180 or $220 when received..of course.  I read it as you might pay $200 for .1btc but get .098 (again could have read wrong, doesn’t matter, this project is absolutely not legitimate).

Tech stupid but as a FA and someone who’s been around for a decade.. I know the basics. I also know how to spot scams, I do a lot of scam busting for work and in the crypto space . It’s easy to spot scams when you know what to look for. This is obvious as all hell.

Practically every instant exchange follows this practice of paying you at a different rate than what was quoted if the price changes in the time it takes to receive confirmation. I checked on three popular exchangers, eXch, FixedFloat and Sideshift, and all of them default to a variable rate. If you want a fixed rate, these exchanges offer this option at a higher fee.

The Change LTD should also offer an option to exchange at a fixed rate. I don’t expect them to have every feature available from day 1, but if they want more customers, it would be great if they added the option to have a fixed rate because sometimes we need to make a payment for an exact amount of a certain altcoin.

It’s been so long since I’ve used most exchanges, and I’ve used most , all the big ones, and I guess I’m just misremembering what they pre-set for trade types in the default option.  I always trade w limits.  So my bad , I’m wrong and I think I miss -understood reading so quickly too.

Regardless, project is shady af.  Riddled w red flags.  I wouldn’t wear their sig for any amount.

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August 17, 2024, 09:00:07 AM
 #26

Regardless, project is shady af.  Riddled w red flags.  I wouldn’t wear their sig for any amount.
I think you need to give an exact reason of why you think it's shady? What are the red flags? If you can not give seasonable reasons then you are not helping yourself in the statement you are giving against a new business who are helping the forum economic system.

I checked on three popular exchangers, eXch, FixedFloat and Sideshift, and all of them default to a variable rate. If you want a fixed rate, these exchanges offer this option at a higher fee.
I used all three exchanges, I like their their floating rate. With Sideshift sometimes I even sent my coins after several hours.

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August 17, 2024, 10:58:54 PM
Merited by AB de Royse777 (1)
 #27

The first thought that comes to mind is why the campaign manager did not make a post here. It seems he avoided posting here and that in itself speaks volumes.

Feel free to share your thoughts.

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