Topic: [ANN] The FREE Coin, the first cryptocurrency for global cryptocurrency usage - page 11. (Read 27343 times)

It absolutely is price manipulation. The chart for your token is one of the most bizarre things I've ever seen. Its just an extreme pump that was followed by a drastic dump. Your token has no innate value or utility, nor have you laid out any plans to achieve this. You're an anonymous token creator which anybody can be and do.

Peddle your garbage elsewhere.

No this is NOT price manipulation. As project team we are not even active on exchanges today.

It is easy to accuse people : I am sure you will feel yourself a very important person sitting behind his PC and spreading wrong accusations about project teams ...

This is a good suggestion, we will apply it.

We had a similar message pinned in our telegram some time ago, was replaced afterwards with other messages,

But we will add it again

It would be great if they put this message anchored in the Telegram group. Are not you worried that there are investors who buy at a price 350 times higher?

Do not you think that it would be a gesture of fair transparency, to warn the whole inexperienced community, in the terms that you have just expressed?

Or is it better to leave it that way and that those inexperienced investors who arrive daily to the Telegram group who do not even know what Metamask or Myetherwallet is, fall as fools?

I truly believe that you are a serious and well-intentioned person, please do not let people who trust your project, investing their money, realize after they have bought it well above the normal price.

I think Hotbit is working well, it has a similar price and it does not do the weird movements that Token.Store does.

My congratulations, but tell the inexperienced community that there are pairs well above this normal price.

Your community and the community in general will thank you.

I've been in crypto for a lot longer than you have and no, this is not normal. Its well-calculated price manipulation.


You said this already and I already told you you CAN'T "release" more coins because its a token and the supply is fixed. You are, however, sitting on a pile of 6 trillion tokens that you can easily crush the market with if indeed there is any upward price momentum from here on out (but I suspect there won't be any).

- Anonymous dev
- No business goals, no plans, no reason to purchase token other than promised magical profits
- 10 TRILLION supply

By the time I wake up tomorrow this will have sunk back down below 300 in the rankings.

However I will be paying attention to it to remind people that this is a scam if need be.

The prices are indeed still changing a lot : from day to day, from exchange to exchange

This is normal for a young coin (April 2018) that brought a lot of coins to the market in only 8 months time

In 2019 no new FREE coins will be released, so we expect to see that prices between different markets harmonize

Investors should always check prices on different markets to find the best deal, CMC is indeed only an average price that is calculated and that can hide important differences.

I have highlighted the FREE / BTC pair of MERCATOX because during the weeks that I have been observing, the other pairs made a volume almost 0.

Effectively today there are another 2 pairs in BiteBTC with a price of 0.00004 $.

It should be noted that 1 week ago, the difference was x1000

Another irregularity that I have observed in these weeks, is that CMC eliminates, almost half the time, the price of Token.Store, which is always the lowest, and often the highest volume.

This causes the price to be higher than the real one again.

The actual price, right now, is approx. 0.9 Gwei, both in Token.store and Hotbit. The others are artificial prices or people paying more than the bill.

In 1 Gwei there is an invisible selling wall, very difficult to pass. Probably, the people who bought in April-May and who already sold in 0.4 Gwei and 0.6 Gwei in large quantities, have another objective in 1 Gwei, so the Dev need to increase the community a lot to be able to abserve those huge sales positions .

^^

What's interesting is if you look at the markets where price is 350x higher than the others their total transaction volume is a whopping $153. This is the cheesiest token I've seen in the CMC top 100* in at least 3 years.

*Edit: now down to #194, and falling

I have been observing the prices of FREE in Coinmarketcap for a few weeks and I must say that investors must be very careful with the values ​​that we see in CMC and that they do not base their investment decisions exclusively on CMC, because in many cases it is a mirage.

In the concrete example of FREE, which I have been following for a few weeks, I have observed that for FREE to be in the top100 of CMC it is as simple as making a volume of 200-300 $ in the FREE / BTC pair of MERCATOX.

Such an insignificant amount can cause a token to scale to the top100 or even top50 of CMC.

And why should we be careful?

Well because those trades are not logical, not to say that they are the same dev who do those operations, but of course, I do not have proof, but I can not believe that someone will buy FREE in MERCATOX, when they can buy it 350 times cheaper in Token.Store or recently in HOTBIT.

The dev should do something about it, of course if CMC puts them in the top50 thanks to these "defects" and the investors do not say anything, because they remain silent.

I believe that if it is a truly serious project, they should do something so that the FREE / BTC pair does not govern the price of FREE, considering that nobody will buy at that price.

I accompany current image of CMC with FREE in position 225. Yesterday, when FREE was in the top 100, the FREE / BTC volume in MERCATOX was higher. Look at that value that alone makes hundreds of positions in CMC go up or down.

The reason is in the calculation form of CMC, which makes a weighted price. Then a SMALL volume in FREE / BTC of MERCATOX can influence DECISIONLY in the total capitalization of the token, since its price is much higher than the other pairs.

Using a weighted price is logical when there is not much difference in price, however, in cases like this, in which there are pairs with very different prices, the result of the weighting is UNREAL.

I'm assuming this is you. Founder and Operations Head. How is this _not_ anonymous?



People don't use LinkedIn to create anonymous profiles like this, they use it to establish business credibility, something that you are pretty far from doing.


It's far worse than that. I know your token is a scam (its not a coin, its a token that took 3 minutes to create in an Ethereum contract), so its my duty to warn the community of such. Pretty much everything you've said is a lie and you won't answer basic questions like _what_ would make your token increase in value?

thank you, we believe, success
 

we are not anonymous : to every exchange we give our ID and the data about our company : FREE Crypto Limited

on our website you see our 2 contactpersons with link to their linkedin

what coin holders write on our telegram channels is not under our control. We certainly do not apply pump and dump techniques

You do not believe that our coin will rise ? Fine, choose another coin to invest in.

We are not going to try to convince you, everyone is free to choose his own crypto projects.

This is what we believe in, and we are making a success story out of it

You just admitted you're still sitting on 60% of your coins! That's 6 trillion you can dump at any moment! You can't "bring new coins into circulation" because that's not how Ethereum tokens work -- I thought you would have at least known that tidbit.

You never answered my question. _Why_ would the price of your coin increase? You don't have legitimate market orders -- your price just fluctuates back and forth between 1 satoshi and 0.00000001 ETH.

Your coin's actual volume is dismal -- look at it compared to its neighbors in the CMC ranking. Nobody is actually buying your coin (excuse me, token).



On top of that one of your most chatty Telegram members admitted the whole thing was a giant Pump N Dump scheme:



You can try to suggest that we should go away but really you're the one who should probably go away.

Oh, one last thing: why are you choosing to remain anonymous?

we are not "brand new" : trading since April 2nd 2018. And it is not the first time we enter the top-100 of CMC ...

I feel a lot of frustration, no problem if you do not like our coin - there are coins enough to choose your favorite ...

We are happy that there are a lot of persons that believe in our coin,

Those who are early investors already made a benefit of 10000 %.

In 2019 no new FREE coins we be brought in circulation, we are sure we will still see a strong price increase.

Mercatox is scammy exchange with fake volumes and order book. Don't trade there.

If anybody has traded there successfully for the longer period of time then please share your opinion about Mercatox because as for now I haven't found any person which is happy after using Mercatox multiple times. Finally, there is a problem always sooner or later especially with higher stakes accounts but nobody is safe few bucks scams are normal too.

T stay in the topic I will add that Free coin is a great example of how wild and unregulated crypto market is. A brand new coin with no volume jumps into the first 100 on CMC like that. Now I know why BTC SV is higher as LTC. You can manipulate everythng.

I don't think mercatox is legit either what if they faking the volume by increasing it slowly. So the token created out of thin air and put a sell wall of 700 BTC on merca. Its getting ridiculous.

Agreed with you . 2500$ in volume and top 50 on coinmarketap. I mean even myself with my wage I can buy and sell a coin with a volume of 2500 $ and grow it to top 50. This is just ridiculous . It will blowup like balloon as soon as the pump stops .
New buyers , be ready to see your holdings down by 99%


Shame to Mercatox and any other exchange to keep a coin like that active . I hope soon the regulations will come to hammer them as they deserve.

I think coinmarketcap also corrupted. This is absolute scam.

But what incentive do people have to purchase this coin? All your website and whitepaper talk about is how its going to increase in value and that's why people should buy it. But why would this happen?

The entire token seems to be based on the art of tricking people into buying it in terms of BTC, whose smallest possible denomination is far greater than Ethereum's. But you have massive sell walls on both pairings so there's no way anybody is going to profit from this besides selling their tokens on a new exchange before you get the chance to.

You make a mistake in your assumptions : only 40 % of the tokens are in circulation. And Coinmarketcap knows that : look at what they write about circulating supply of FREE coin = 3,795 Trillion.
So the value they calculate is for the circulating 3.795 Trillion (the remaining supply is not included in the calculation of Coinmarketcap)
Believe me, CMC does a thorough investigation of a coin before they list you ...

If we wanted to manipulate : we could easily move another 1 Trillion from our cold storage to another wallet, and increase our coinmarketcap with 25 % ... But we are not playing this kind of games.


PS : look at Etherscan, they calculate the marketcap for the COMPLETE supply of 10 Trillion on about 190 million dollar : https://etherscan.io/token/0x2f141ce366a2462f02cea3d12cf93e4dca49e4fd