This is the story of the coin Electroneum:
1st - Promise a mobile minable coin that will produce around 30 USD a week for the user.
2nd - Do an ICO, keeping al the coins in "escrow". Get 40 million USD in funding from many many believers.
3rd - Set a delivery date just a few days after and ICO. Put a counter on your page.
4th - Fork Monero´s code, wallet, client, node and say it now yours (rebrand).
5th - Use the existing code for Monero pools.
6th - On the final day in which the wallet has to be finally delivered, say that you cannot make it public because of a possible security problem.
7th - Keep all the purchased coins of the ICO participants while miners can trade theirs on Cryptopia.
And then... maybe deliver a wallet, long after the good selling opportunity has passed and then let the ICO contributors get their coins. DUMPING in 3,2,1...
Enjoy
Topic: ELECTRONEUM ... how to use someone elses code, add hype and get 40 M USD (Read 157 times)
December 11, 2017, 06:14:43 PM
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