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i do agree with tk808, better buy your gold in a known entity. most of these gold backed projects are scammers. lets hope this will not end up like maya scam 223
AFAIK, Jinbi one of the ICO projects that utilize Gold too, even though their tokens have been listed on the CMC but until now they have not paid the hunter. we just pay attention to what will happen to this project, whether it will end up scam or not.. to be honest, I hope this project runs smoothly and not a scam.
I'm aware of the Jinbi scam act and I'm also surprised why the didn't pay their bounty participants but this project is quite different for they send payment monthly to their bounty participants. Don't you think paying for someone else mistake is an act of injustice without genuine proof?
scam project and manipulated thread (by puppets).
Thought puppets no longer have power to manipulation threads based on the new
bumping system. About the recent bump, it was me just testing the new system (this is my very first thread I have bumped as I decided to test my bump strength today). As for the other accusations, are you just basing your judgement on the outcome of other projects or you have other reason to think so?.
No doubt we have seen other projects fail or end up scamming their Investors but just as the user above me stated the project wasn't crowdfunded and I have used their exchange which is quite satisfactory. so is there something you're seeing and we aren't?
This thread was made prior to the new rule, and yes this entire thread is littered with fake/shill accounts by the team themselves. If a thread has no users interacting with it, it does not yield to a "good public vision" therefore, puppets didn't and will not go away with the new rule, due to the effects of "having a community."
We both know how things are done on this forum and every claim without genuine proof is still void. Besides, the above user has already told you it was him testing the new bump system.
Every aspect of this project yields itself to be a scam, from every written piece of content to how it's marketed and structured. I personally will not spend my time going point-by-point into every red-flag this project throws, despite the previous shill explaining what it means
A scam in crypto does not necessarily have to have an ICO, IEO or have an initial backing. Scam coins exists in all shapes, forms and aspects, ERC-20 tokens by the factor of having any value or worth, can lead into a scam project.
Documents, notarized docs can be forged, faked and manipulated if you have the proper contacts and resources available. By this thread even being on Bitcointalk also lends itself to target the average investor and user here, which is a coincidence when dealing with any significant amount of gold, which would be more attractive outside of the conventional crypto grounds.
I led you and others into a bit of information here, the rest will be uncovered with time and with some diligent efforts. Coinciding with every premise this project is founded on, I'll restate 9.99~/10 "commodity backed project" have been scams. The sheer odds, combined with the above statements provided lead to a conclusion, that, this is a scam.
Yes, scam project exists in varieties of shapes but don't you think judging another project with the act of another is wrong? I don't understand what you mean by 9.99~/10 but the price the token are sold on exchange site proves the project to be back by gold.
If you want to buy gold, go buy gold on Forex or some commodity broker. If you're trying to own gold, through a shady fucking scheme, on Bitcointalk, through an ERC-20 token, you're better off playing a slot machine or burning your money for heating your home.
Blockchain/crypto are broad industries which were implemented as an alternative investment, money etc and a lot of new innovative project are creates every day. Mind you, not all ERC-20 token scam and this project has a limited total supply token that matches the gold store in bullion vault.
This guy is probably running the show fyi or directly involved:
https://bitcointalk.org/index.php?action=trust;u=360915, who's merited this thread and was the only merit he's ever sent in his life. Merits don't come out of nowhere or from "generous souls," who are not directly involved in the system of awarding or distributing merit to people on active basis.
I don't know if this was because the user was accused of loan defaulted but the guy gave the campaign manager account merit when on was working for them (for a month) and there's nothing bad in giving merit to ANN thread of the project ones work for. However, he's longer working for the project anymore but the reason why he still keeps their signatures is something I don't know cause participants with negative trust are not allowed.
FYI: If you didn't bump this thread to top position in ANNs, you would of gone unnoticed.
That's for sure since thread bump system is
no longer ordered by last post on these boards. Instead, each topic has a bump score which is calculated based on recent "bump events"