I read a post from the dev a few days ago.
The problem today was Revo went up too fast with very little buy support because everyone was panic buying. I didn't expect such a buying frenzy. Then some impatient "genius" decided to dump and there wasn't any buy support to catch all those coins because everyone bought from the sell wall. However, this is a good floor for Revo because the next floor would be around 1000. 435 is cheap even for this coin.
I had to come back in the thread.
walhala was supposed to be the dev and he hasn't logged in since July 26th. I'm sure he sold all his PoS blocks while everyone else had mining restrictions. Rvccoin isn't a dev, he was supposedly hired to manage the community.
If what you are claiming is true, then the community needs to rally together and take over the coin. Voot community did it and Voot is now stable. This coin is very cheap and I am assuming most of the dumping is over. There is better distribution now. It would be a shame not to continue to develop it.
Well IE, please explain to the community and all your followers what you did here......
1. You didn't do enough research and advised your followers to buy a dead coin. Fact is that all early investors where complaining about dev for several days already. You should have known if you did any research.
2. You set up a plan with the dev to remain silence and come back later with updates. What gave you the chance to buy very cheap.
Is it 1 or 2?
No matter what you choose, you made a lot of bag holders under your blind followers.
And about that dump: I guess it was you or the dev