IDCM is a scam/shit exchange. This is proof that the team is out of touch and clueless when it comes to doing anything in regards to their cryptocurrency.
Why is it a scam exchange? I had no problem with them so far.
Looks like someone doesn't like it in his own reason ))
It makes some sense
Shills talk a lot, but know nothing. IDCM is a fake/scam/shit exchange, it's obvious if you ever looked at any coins, including Universa. 90% of all volumes are faked, it's very very obvious.
And i recommend any of you to look at any market, any order book, any volume transaction. If you understand the basics of what information is presented to you on exchanges, then you will come to understand IDCM is a scammy exchange.
Btw, this isn't the first time AB paid for fake volume, when Universa got listed to another fake/scam/shit exchange Coinbene, they paid (or got) for fake volume there aswell. That was also very obvious by the significant increase in Vol overnight, then when it expired, Universa went to a natural state of around 10k usd volume. Volume doesn't suddenly drop from half a million, to 10k in 1-2 nights, it's virtually impossible. In addition, that volume lasted from September 1st to November 1st, exactly 2 months on the dot. Amazing. Therefore, that's a 98% drop in total volume over 1-2 nights, after exactly 2 months of listing! Not even scamcoins undergo this extreme transformation... fake volume. IDCM will exhibit similar behaviors, but it's obvious by just looking at the order books.
So what does that mean? AB paid/got fake vol for Universa once before on Coinbene, but this ultimately means nothing really. It does show how miserable the demand was for Universa in Q3-Q4.
It does help Universa's appearance to the novices who know little about crypto (which is about 80% of all people who trade/invest in crypto), but most of the real volumes have dropped off significantly and continue to do so; Cobinhood is a reflection of that. If Universa gets pumped again, then there will be an additional marketing aspect to it by appearing in Gain/losers on CMC, by reaching the 50k minimum threshold (ofc faked).
Thus, Universa is in a worse condition then it was prior to IDCM listing.
This should raise more red-flags though, about the manipulative efforts AB is going through to show progress, to show Universa has "real value." If he's willing to do this on the markets, then what other major efforts has he taken to fill Universa with hot air? Thus, leading into the very critical nature of all my posts.
As i've stated multiple times, Universa team is made up of amateurs, run by Alexander Borodich, who's a good businessman and talker, but, knows little about cryptocurrency as a whole. I don't necessarily blame him, because it takes many years to truly understand cryptocurrency and how to maintain a coin. He has failed time and time again, and bringing in real talent, real people in crypto from his local/russian environment to help him build this increasingly shitcoin.
edit: If you want to understand how exchanges behave, and to give even more weight to my claims, i suggest reading this excellent article by CMC, the bits about exchanges is about 75% down the page:
https://blog.coinmarketcap.com/2018/11/27/according-to-coinmarketcap-2018-edition/