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Topic: Be careful of 1337 coin (pump n dump or worse) - page 2. (Read 2341 times)

sr. member
Activity: 532
Merit: 253
Execuse me, but this is shitcoin! Why bother to consider them seriously?


Yes that true! but maybe he just build awareness of this kind of shitcoin in order other people avoid to being scam, anyway thanks for this info and your research its really appreciated.
newbie
Activity: 12
Merit: 0
Execuse me, but this is shitcoin! Why bother to consider them seriously?
newbie
Activity: 51
Merit: 0
There are lots of such coins that has created without any special aim and only for making the developers rich. There is no future for these coins. The coin you mentioned is one of hundreds of shit coins.

Exactly and 1 person controls 70% of supply and has buy walls across several exchanges. This is a heavily manipulated coin and possibly a scam; 1 person can literally turn off the entire project. Having a person with almost zero programming experience control a team of "1-2 people max". It used to be once before this.

Execuse me, but this is shitcoin! Why bother to consider them seriously?


Because people keep buying them. Even though you know it's a shitcoin, others don't.
member
Activity: 66
Merit: 10
Yes this is totally the Pump and Dump coin! When i first noticed 1337 it felt like scam coin to me because of no purpose to the coin, it's a lot worst then Doge coin, but at the end of the day some people are making money with it and some people loses money that's just how the Market is Smiley
full member
Activity: 224
Merit: 100
i note that since the last bitcoin pump before hard fork, most of altcoins are subject of pump and dump.

be careful and don't be greed when you see a coin pumping!
full member
Activity: 658
Merit: 108
There are lots of such coins that has created without any special aim and only for making the developers rich. There is no future for these coins. The coin you mentioned is one of hundreds of shit coins.
newbie
Activity: 51
Merit: 0
feel free to verify anything I have stated; I have provided definite proof and a lot of it
full member
Activity: 1064
Merit: 102
Its a total shit coin once bought it
newbie
Activity: 51
Merit: 0
Hello all,

I have decided to start researching all coins that look suspicious, scam, pump n dumps, or a REALLY bad investments. I will hopefully be posting about 1 coin per month duo to heavy research with analysis on why you should never ever buy it. My first coin will be 1337 coin also called "leet". Some of you may know this information, so this post will be directed to others, so they do not fall into the same trap.
First, lets analyze the simple stuff:

1. One person that goes by the nickname (Lady Whale) owns almost 70% of the supply, hidden in several wallets including cryptopia's wallet. This is extremely bad duo to 51%+ attack as well as being able to cause artificial price rises or market manipulation. Some images show that Ladywhale admit she can manipulate the market and that alone is huge.
https://gyazo.com/2b0a9758ff340457eb4f0c5d8f93cf86

2. The supply is 38 Billion coins with a current APR of 20% (down from 1337%). Yes, previously the APR was 1337%, meaning a few people got rich and control almost all the supply.

3. The coin had been taken over TWICE! First by Velvet78, next by Xenonflux.


https://bitcointalksearch.org/topic/ann-1337-mandatory-update-4178-apr-pos-only-1319833
https://bitcointalksearch.org/topic/ann-elite-mandatory-update-1337-apr-pos-only-2249640

4. The previous lead developer (Velvet78) hasn't produced anything major and was first on "vacation" for two months, then "busy programming", and finally "has a family emergency". If you check Velvet78's profile on here, he used to talk dutch and suddenly he learned turkish out of the blue and doesn't know what 1337 is. Did he lose his memory too? Xenonflux and Ladywhale (person with most coins) have been coming up with ridiculous excuses for months. Now finally, Ladywhale says Velvet78 is not the original developer and is still "recovering"

Even KingofDew (previously a crypto youtube is worried and hasn't been in contact with velvet)

https://gyazo.com/80a3e9a23824eb2c9d9c0531f557015e
https://gyazo.com/d03210a99d03c5da304c918eec35066a
https://gyazo.com/f331ed2d10f1126237c37a510444f2dc
https://gyazo.com/20a299dcd243928846c1c65333a821f2
https://gyazo.com/be4dcd3d49d8f9a3f91cdd1488e77786


5. Yobit owns millions of millions of coins and is staking them, causing more sell pressure. Nobody is even buying and Yobit is just selling their stake for free money.

https://gyazo.com/01d3a3661a7dae8ea1a891c0a422fdbc


6.1337 has been here for more than a year and have released nothing that "big".

https://gyazo.com/bafc4c9ffc8346ed2a77088a18e74bec

7. Ladywhale is very shady admits she is the largest buy support on all exchanges.

https://gyazo.com/7b9c0bba7342127fa6b8d1c03cdeddd4
https://gyazo.com/85617d8cd53575065a166f0d5a80d171

8. Graph is a typical pump n dump graph:

https://gyazo.com/c431d7deee2f57c0cbb7bec588feabe9

9. Ladywhale owns the slack, website, and almost everything and not the 1337 foundation or team. She is also very aggressive (since she owns a high %) and has banned people (user by the name secdava) for reporting a vulnerability or anything that has the potential to hurt her investment. Not sure who owns the vulnerability, but the user that stated there was one got instantly banned.

https://gyazo.com/988942887c407784defb77e2a6b89f2a
https://gyazo.com/d9a924f76aedefd6d953358416f0853c

10. There was a website contest and this is the new website.

https://gyazo.com/7dc251d1172854c02d2dadab9e818ce4


Seems some of 1337 team members told people from discord to reply here to help protect their image, so some posts will call this FUD even with proof.
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