Why so much stupid FUD?...Always the scared weak hands that have so much crap to talk about...Ever see a scared bumbling idiot trying to talk?...Its pathetic....The only reason the price is going down is because of weak hands here....No other reason....The announcement hasn't even been made yet....You have no clue who the partnership is with....Price will sky rocket on the 17th....and weak hands who sold will be crying...
The way this has gone about is very unethical. You don't tease an announcement. This was done just to pump the price before the big dump on the 17th. If this was a stock held company in almost any country the devs would be in jail already.
So there is no announcement on the 17th you say???....What do you mean you dont tease an announcement?....Stocks have regulations...crypto doesnt....This teasing is nothing new in crypto and does NOT indicate a scam....More times than not FUD is FAKE...its ridiculous and really only speculation....Every top coin seems to have loads of it....
Just something in generally, you can read it if you want:
Normally a partnership is not related to payments. When payments have to be made normally, at least in the real world enterprises, you are either a sponsor or a client, but not a partner.
It is not all about FUD by the way. It's more than normal that holders, investors, even miners, are concerned on whats going on and that they ask for maximum transparancy and within that, ask questions to things that without proper explaination do not look right or strange or uncommon.
And NO, not every top coin is doing it like that. A real hard working dev team on a given top coin releases their partnerships AFTER a given contract is done, immediatly. There might be some expections of course, but i can not remember even one right now with such a teasing and hype, feel free to correct me here.
The whole crypto community by now has so often felt to scams that, absolutly normaly, many people have their guards on. This is nothing bad at all. A honest working Team with ease can answer every question profesionally an wave away any concerns (or FUD as you name it) away.
The problems here are a bit deeper here, just the last thing as an example:
- Funds, exactly 18.6 XVG have been moved from the Crowdfun Wallet. People watch it closely and immediatly ask why? On one side i guess maybe to find a track to the myterious partner, on the other hand to see what happens with it. People all over on all channels ask the Verge team whats going on with these funds. Now the problem:
- Verge team on all channels declare its for the Ledger Nano integration. Normally the story and concern should an end here, BUT the Ledger Nano CEO declines officially that they have whatever dealings or projects with XVG.
- Not even talking about the price for a Ledger Nano integration as its basic is free and only custom software has to be paid. And the paid version is in the range of max. 150k USD, but 1.8M USD funds have been moved.
- There wouldn't be any problem if 150k had been moved for Ledger Nano, if Ledger Nano did know about it and such integration had been planned with Ledger Nano. It would had been even a good sign for the project that way, but no, none of the mention was the case, hence concerns IF these funds are used exactly for that. These are real concerns that have to be adressed, not just FUD.
One other thing that made a lot of people concern yesterday is this (copy over from reddit)
The original crowdfunding tweet said that the donations will be used to initiate a massive marketing campaign.
The video on the donation page says that if the deal doesnt go through the donations will be used to fund other initiatives, which are listed above, with the first one being Nano Ledger integration.
So since now the word is that donations will be used for Nano integration, does this mean there is no partnership?
- Again a valid concern as the XVG video states: No deal ==> Nano integration which yesterday was mentioned on all channels by the Verge Team. Of course one shouldn't exclude the other, but than this has to be adressed upfront correctly by the Verge team.
There is a huge list of little red flags if you look into it. Does it mean its a scam? No, but there are some really bad signs and flags that have to be adressed and its normally that someone is concerned. If there will be a big deal, perfect, whole Crypto community (not only Verge) will profit from it. If there is none or scam, the whole crypto community will suffer, one of the reasons non XVG holders are concerned as well.
My personal prediction? Let's say with all these warning signals this scenario posted on reddit is close to what i think:
I don't know of any contract or margin offer for Verge. But you can do a pyramid/hyip/ponzi and sell the invested XVG. When it crashes, re-buy it and return just what was invested. Make up some excuse for why there is no profit.
P.S.: The so called "hacked" ~35M XVG would perfectly fit into this scenario, as many claim it was an inside job.....
The True? 2 days away ..... like the US tax deathline, both on 17th April
The whole story in 1 comment.
Good value here my friend.
Thank you for presenting the facts as it is so everyone should be aware of.
