As you all have noticed, there was a pump and dump of FLiK this week and I was wondering the reasons for it myself. Is this coin a fake, is it just a get rich scam for those that were ready to dump? Well, I don't feel that way and didn't feel that way from the beginning. Does it mean this project will be successful, one can never know.
BUT
Here is what I found out on twitter yesterday. Apparently, there was a dupe telegram for FLiK that was not managed or related to the FLiK org/team/company and instead was run by whales or people interested in just a pump n dump. So, Ryan Felton (CEO of FLiK), who has been very responsive on Twitter, mentioned the official FLiK Telegram is "200kFlikHolders" or "something to that effect". He said someone added him to the other Telegram chat and then quickly reformed the group. You can find him on Twitter @theryanfelton
Anyways, I also saw they are "95%" locked in with Binance also looking to settle some things with Bittrex.
This coin burn is in 2 days and I don't believe it will have the effect many people are looking for, but I would imagine the price to go somewhat or the coin to be more valuable.
Long-term, I believe in this project and the potential of it because with all these platforms like YouTube that have made it almost impossible to make a living from it, even though you contribute and add content, views, etc... basically run the site - there is no better person than TI to be behind a project like this that understands the artist or creative's struggle and the entertainment industry as a whole.
I can't predict the outcome of this coin, the only thing I can say is that I am HODL and I did not sell because I feel this project is worth so much more than that. After they released their roadmap it seems they will have their platform within the 1st quarter of 2018.
Anyways, to all those that believe in this project and want to see it grow well - Ride on!
Hi Yurinbee thanks for the update, and the telegraph group coordinating the pump and dump, thats damn frustrating! But as you have discussed, cannot agree more Yuurinbee, this is one to HODL!
Thankyou for your research and insight and touching base with Ryan Felton to confim his position, gives us all reassurance to HOLD to the max