Hi, I was interested in buying in for shares but after I started looking at a few things I became a little wary. I'm just relaying my observations and not attempting to bash the coin in any matter. If for some reason there are reasonable explanations for what I'm seeing then I may go ahead and invest.
First off, I noticed some strange code that was added then subsequently removed from the wallet. This code mentioned something about a FoundationIPO address, which is bTStnuXqS3in7JkB83ZZ9F8RdwjSSfsAdH
This code can be found at the follow commit on github:
https://github.com/Banx-Capital/Banx/commit/e376dc734808744d0cf1748f33066f9378817d1eIt looks suspicious but I don't know, like I said, there may be some reasonable explanation for that.
Before I found out there was a block explorer already created, I had first tried to create my own block explorer. I had a terrible time doing this as some RPC commands would cause the wallet to crash. An example of a command would be the "getblockhash" function. If you try it, open your wallet and click debug, then click on console, simply type "getblockhash 1". This seemed to only happen if the wallet had been previously opened and closed at least once. Otherwise the function would work if I had deleted the entire chain and opened the wallet "for the first time".
So, there is a block explorer. The address is block.banxcapital.com. However, it doesn't seem to be available all the time, some server issues or something.
When I was able to go through the block explorer I found some interesting blocks full of large transactions. From what I'm being told, it's not possible to receive some coins and send those same coins out within the same block (different transactions). So it looks extremely suspicious when I see over 10 million coins being transacted within a single block. There's only supposed to be 6 million coins correct? The blocks in question are 157, 171, 172, and 173.
Thank you for your time, and again, if any of this can be explained you will have another investor at your doorstep.
Address: bTStnuXqS3in7JkB83ZZ9F8RdwjSSfsAdH is for the IPO, mining has finished in any case.
Block 157 has the IPO original amount of coins and this is presented in the blockchain as 5,400,000 then change of 5,399,000 as it was moved to a different wallet.
Block 171,172 and 173 are simply those coins being divided into different parts for different functions within the business.
