Thank you for saying this. They created 100 billion coins from thin air and distribute them at their discretion. They currently own 62% of the coins and plan to hold 50% for awhile. It says it right in their website. This is the exact opposite of everything cryptocurrency is about. We need to continue informing people.
You are viewing a single comment's thread from:
Straight Gangsta!
So Gangsta that no one even complains.
That's shocking! So it isn't even mined? Frickin banksters!
That's correct. No mining, no staking, no set plan of distribution. Just boom 100 billion coins now exist and are being distributed to their friends however they like. Then they sell those coins to "normal" people.
Nope you can't mine it but most new crypto users don't even know what mining is, or the importance of decentralisation. It's outrageous to even compare it to crypto-currencies. It's more like a fiat currency but without any checks or balances. If you thought the federal reserve was bad...
We created 100 billion worthless coins from thin air, just as anyone can. Then over a hundred people spent more than five years creating their value.