Now some facts guys about this token read carefully.. Have u ever wonder how will they distribute 21 millions of tokens in 2 years? With the amount of 25000 tokens per week, it's over 760 weeks!!! C'mon it's over 14 years. So I started to wonder whats going on? There must be an explanation. I did some research I'm fluent in coding so I went to GitHub and started to look for anything suspicious. First I went to was folder 'test' and in a file named 'MintableToken.js' , I found some interesting stuff. First, we see here is the initialization of variables in the filed contract. That's line 6. Let's analyze what we have here:
let initialSupply =
79000000;
let firstIterationMaxSupply =
350000;
let totalSupplyLimit =
100000000;
let token;
OK, what we have here. The most interesting thing is variable called:
firstIterationMaxSupply . It equals the first amount of tokens given away to traders of IQ Option platform. That's legit, let's move forward to line 74-94 in the same file. Procedures declared here are determining supply for each week, 106 times. So 106 weeks are about 2 years (actually 2 weeks more then told).
So I translated this procedure to C++ to check weekly distribution to giveaway this 21m of tokens. It's below everyone interested can rewrite code and just check it.
Here u can find a link to their GitHub:
https://github.com/OpenTradingNetworkFoundation/otn-token/blob/master/test/MintableToken.js .
K lets now move to the real shocking news.
OTN TOKEN DISTRIBUTION ADDRESS TO TRADERS:
https://etherscan.io/token/0x881ef48211982d01e2cb7092c915e647cd40d85c?a=0x1d907757ab41c19895bcdce9dfacd6bfd5f26ae2The address below is used as distribution in eth network and its sending to address above a predetermined amount of tokens. Each week it gets the number of tokens you can calculate from my small program. They are blocking tokens to pump price or I would call it hold it at some level to slowly sell them, not much just stable amounts to not dump price too fast.
CHECK IT THERE:https://etherscan.io/token/0x881ef48211982d01e2cb7092c915e647cd40d85c?a=0x0000000000000000000000000000000000000000To prove that it's true I have a screenshot of OTN response on facebook.
As they say, they will release tokens when to launch their platform. You know what it means? Millions of tokens will be instantly available and the price will be dumped again.
Next curious thing is fact that we know absolutely nothing about their team. Really 550 pros and devs? More than in many games of AAA size? Let us be honest they cant afford so many developers and in case of the program fails only Cpt.Dimitri will get burned and stay on a board till his ship will sink.
I'm sorry if any pieces of information are not clear. English is not my native language and I tried my best.
I would like to point, It's not posted to hate OTN and their project. It's posted to save people money before it's too late. Thanks for lecture and save your money before it's too late! GL
@OpenTN
OTN, what do you have to say about this ? From ~318 000 token to 25 000 it's a HUGE difference.
PS: Another problem is people pay commission using tokens, so more tokens will return to you....
