Topic: [ANN][MASTERNODE][POS] BIRAKE.COM - White Label Cryptocurrency Exchange - page 8. (Read 865061 times)

Hello,

In about 18h (after block 100000 see http://explorer.birake.com/) the collateral will be 20000.
You have to follow the steps from https://discord.gg/23kBFhs with the new amount (20000).
If you hold multiple MNs Coin Control will speed up the process (first send all the collaterals to all the addresses, then just update the MN config file with the output of "masternode outputs" from console).

Thank you,
Birake Team

I just don't know how to trust new masternode projects anymore. Is just a flawed idea which is so easy to manipulate and scam.

Hey guys i am gonna tell you the truth about this coin.

I bought my masternode 2018-09-24 shortly after they increased the MN collateral. For BTC worth 3123$ on cryptobridge. And I bought a lower price then that was showing on MNO, I did not just bought up sell orders, I put in buy orders close the top and it took me en entire day to have the coins for my node and I thought I did make a OK deal.

Since then the masternode value has dropped to $774 (masternodes.online shows this right now)

I kind of saw this coming and I have only myself to blame for yet falling for another dump and dump masternode crap coin. There where 70% unlocked coins early on and the coin made a significant drop after I bought my node.

I went on their discord and called them on their BS and they of course banned me. I speculated why this might happen and its like I knew it beforehand. A few days later the coins price did a HUGE drop and is continuing to fall. They blamed the exchange and the bots there and came up with BS like the price is going up when they have their thing ready and all kinds of excuses.

So why was initial price so high and why the market is getting FLOODED with cheap coins? I tell you why. Because the devs did create this coins out of tin air and they maybe did sell coins to early investor for WAY less then they send sold them on the exchange. Why would anyone dump this coin ad this crazy low prices if they would have payed the price I payed? They can not blame bots for this, its their absolutely unethical and crappy actions how they started this coin. I speculated that they had some kinds of deal going on with people, that they ran their nodes long time b4 actually announcing it. The premine percentage of a coin does not matter much if the devs just create a bnunch of coins with their early nodes without letting anyone else it or selling coins very cheap and let those early investors then flood the market.

Some guy was asking if he should invest on the discord (stupid to ask there because of course people there say yes). But not me, I told him he should wait a week and see what happens to the price and like I feared I was SO RIGHT, the coin did a huge drop the following days. But of course they did not want me to tell people the truth so they banned me. They want noobs to buy up their cheap coins the create out of nothing. They are making a killing on this coin I can promise you that. Look at the volume. I bet with you the most nodes are by the teal itself and their buddies whom they sold a huge amount of coins for a few apples or something like that. You just don't flood the market like that if your not got the nodes for next to nothing.

I not even generated 10000 coins since then, if I would QUADRUPLE my coins since I bought the node I would still have LOST money, THAT is the crazy truth about this coin. I knew their 100$ a day was bullshit (They advertised it on their site like this because MNO shows this fake crap stats to lure noobs in) from very early on because I have some exp with MN coin but silly me went in early in hope for the to be even somewhat like that.

I have 4 sell orders on CB all lower then the price I bought coin for but nobody was buying because the coin continued to fall and now I hate myself for not just selling every single day to whatever someone would buy then to at least not lose it all even faster.

I fear every day that I will not make it back to zero, again I would need more then 4x the coins and sill would lost money.

On top of that let me say that someone on discord pointed out that they FB and Twitter followers are all fake. Look at this thread how many noob accounts praise this coins and the language they use, its all fakes, bought shills and bots! Its a pump and dump coin from extremely unethical devs who probably know exactly what they are doing, they flood the market with their coins they generate from nothing every day. They lure noobs and silly people like me in to buy up their coin. I do not see this coins price ever getting even close to what is was.

And their MN Tier system is also extremely bad, you actually have to manually update your collateral every months or so to even be able to generate coins, this is how they hold investors hostage. You can not even sell all the coins you make. There are other coins that have a system where the collateral stays the same and ONLY for NEW investors gets increased. And this many coins for one MN also sucks. When a single coins price dictates the MN value and even a small change will exponentially translate to the MN price, soon 20000 coins a MN. Tiny change in the coins price will change the value of nodes by a lot. What is the benefit form this? Its just leads to a very volatile coin and bots benefit from that. What not just have a MN with 1000 coins?

I am really hoping for a wonder right now because I lost more then $2000 on this coin so far, if the price continues to fall and the RIO will also go down every day as new nodes come online I have to fear never ever making it back. So there you have it, the actual truth from a real person. And no its not FUD, they will claim so, its just the truth.