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Topic: How some hosting platforms are dumping on your investment. - page 10. (Read 1505 times)

jr. member
Activity: 406
Merit: 1
Hate manipulators!  Only Trittium and Midas

Trittium&midas seems like a good platform, i will try that, thanks
it seems like the best thing for new coins, is not to list on cht, cause of the fees, and sell tactics

that's right, their ways of working absolutely negatively affect the development of coins and projects in general.
member
Activity: 510
Merit: 31
CryptoDude
Hate manipulators!  Only Trittium and Midas

Trittium&midas seems like a good platform, i will try that, thanks
it seems like the best thing for new coins, is not to list on cht, cause of the fees, and sell tactics
member
Activity: 574
Merit: 10
Yes, indeed, this is not the platform on which we can confidently trade our investments.
newbie
Activity: 17
Merit: 0
Hate manipulators!  Only Trittium and Midas
member
Activity: 510
Merit: 31
CryptoDude
Its not good for a new coin/project as i wrote.
hero member
Activity: 1764
Merit: 570
Twitter\X @AlexKosa1
You already dumped

Nope
I just did

F$cking dumpers, hate them...
member
Activity: 510
Merit: 31
CryptoDude
Ouch this does not sounds so good for new coins/projects, i am thinking of the continual sell pressure
lets see how this evolves


sr. member
Activity: 1120
Merit: 263
Sovryn - 300-500% APY on USDT Deposit
Masternode investors are here to achieve one goal – to make a return on an investment. Whether you give focus to short term or long term gains, one consistent always remains across all investors. You want to make money!

Investing in cryptocurrency can have great risk but also great reward, and what drives us all is the euphoria of researching and investing in an encouraging project/coin before others and maximising short or long term returns. The 2018 crypto bear market has hit the vast majority of investors hard and it has become ever more difficult for an investor to return a profit, or a project to offer a smooth launch of their coin.

Investing in masternodes through shared platforms has grown in popularity during 2018 with the number of platforms continuing to grow during 2019. All shared platform have responsibility to their investors and to the projects/coins listed to it. Without trust from the community, a platform ceases to exist.

For platforms that hold a great amount of influence in the space, it is vital to operate ethically to build and gain this trust from current and future investors. For the top shared platforms, this is the number one consideration to provide real value to projects listed to our services and the wider investment community. Sustainable growth of masternode projects is the only way that investors can gain a return on their investment, and is the only way shared services can continue to grow in the future – without projects choosing to operate masternode technologies, shared platforms do not remain relevant in the cryptospace. Therefore in collaboration with investment communities, shared services have to provide infrastructure to enable growth of projects and the masternode space in general.

As an investor, you will be aware of services like Midas, trttNodes and Gentartium. Collectively, they are working towards growth of the masternode space, and to offer a strong infrastructure providing support to assist in the appreciation of communities’ investments. Unfortunately, these ambitions are not shared across all popular platforms. For the future development and growth of the masternode space, and in order to give protections to the investment community, it is vital this is reported to educate the masternode investment community.

CryptoHashTank. Here to help investo-.....
In April 2018, CryptoHashTank (CHT) launched their shared investments platform, and offer a mix of instant and ‘auto’ nodes on their platform. Specialising in offering a coin extremely early after launch, they offer investors the opportunity to invest early in a coin on a shared basis when the rewards are at their highest. CHT do very well at listing a high number of coins – whether an agreement is made with the project, or not - and this draws increased investors to their platform.

When they can make an agreement with a project, they achieve this by offering listing terms to a project that does not appear to have any cost. CHT take collateral of a node, and reimburse this collateral after a short period (often 1-3 days if rewards are high enough) thus providing no lowering of the projects premine through a listing with CHT, yet allowing CHT to continuing offering an instant node via their platform utilising the rewards earned. When an agreement cannot be made with a project, CHT list the coin anyway without the permission of the project as ‘Auto’ without an Instant Share.

It is apparent that CHT practices behind the scenes are secretive, unethical, and highly damaging to a projects longevity, the coins chances of success and ultimately, their investment communities’ portfolio.

Listing a project in presale to CHT would help, wouldn't it?
During February 2019, Klimatas listed through the Midas Incubator Programme. They successfully completed their own presale and KTS launched to Midex.

One week before KTS listed to the Midas Incubator programme, they also gained a listing with CHT, providing the CHT team with collateral for a node on the understanding this would be reimbursed a few days later, thus appearing to have no cost to Klimatas. CHT opened their Instant node, and started to receive investments of KTS from their community.

Investment platforms who list a project very early after launch during presale (if one is being offered by the project) - such as how CHT usually operate - have the ability to accumulate a high number of coins not dispersed to investors shares due to the coin being in high reward phase. With no outlet to sustainably and gradually sell these until it lands on exchange, the coins are held and continue to return coins themselves through compounding interest. Should this be the case, it is vital that utmost responsibility is provided by the shared investment service for the good of the project, the coins long term prospects, and their investment community who have chosen to use that service.

Between 25th January, and the launch to Midex on 22nd February, through rewards not dispersed to their investment community and service fees that CHT charge in the coin, CHT accumulated over 4,000 KTS that was deemed their own funds. At the price of KTS presale, this has value of 4BTC (approximately US$15,000). Rather than handle the sale of these coins sustainably and ethically, CHT choose to dump the high number of coins they hold as a coin lands on exchange. When a coin launches to exchange, liquidity and support is at its lowest, and therefore the vulnerability of the coin’s price at its greatest.

The practices of CHT came to light after @Mike [CHT Dev] posted directly to an open Discord channel that his deposit of KTS had not arrived to Midex shortly after the launch to exchange.



At the exact time of the deposit arriving to Midex, KTS had rebounded and was offering early resistance at 0.00040000BTC/KTS. Following the arrival of KTS to their trading account, they systematically proceeded in continually dumping KTS without consideration of the price of the coin, nor the responsibility they hold to investors. During the first three hours of trading, the account registered to CHT dumped over 2,100 KTS providing the greatest sell pressure on exchange to push the price to all-time-low of 0.00001350BTC/KTS. Within 7 days, they dumped over 4,200 KTS to continually keep the price of KTS suppressed.

At the same time, Mike [CHT Dev] shows apparent concern for coins price, posting throughout Discord promising support to a coin. This screenshot comes two weeks after the launch of KTS to Midex after crashing the price and continually providing sell pressure.



The launch of Midex, the exchange operated by Midas, has shed light on the operating practices of CHT. Just as they have treated KTS, they have also replicated this pattern with OTS - who also launched to Midex. Over a period of three days, CHT proceeded in dumping over 8,500 OTS on Midex. These figures are growing daily!

How does CryptoHashTank treat mature coins?
Unlike all major shared service platform in 2019, CHT have chosen not to create their own utility coin, but charge service fees to use their service at a percentage of rewards in the coin. Coins earned via service fees are sold directly on exchange, and continuing to use this method of fee charges suppresses a coins price and therefore an investor’s portfolio. All other major shared services actively encourage service fees be paid in their local coin/currency.

CHT also offer a variable service fee percentage allowing CHT to charge up to 90% of an investors rewards. Once a coin doesn’t provide enough reward output, CHT begin increasing fees to raise their earning potential, thus increasing the dumping pressure to further lower value of the coin.

Below, we provide examples from a number of coins being offered on CHT and the fee structures in place:





Based on the fees being charged, and the number of nodes in operation:

1.02 ABET nodes will be sent to exchange per month to sell.
1.6 MARC nodes will be sent to exchange per month to sell.
4 UPC nodes will be sent to exchange per month to sell.
5.38 PRX nodes will be sent to exchange per month to sell.
8.67 ISF nodes will be sent to exchange per month to sell.


This continual sell pressure will push the price of a coin down, and devalue the investments held on behalf of their own community.

Once the node is not producing high enough payouts, CHT introduce the variable commission structure. A masternode may not pay out enough rewards if; i) the coin offers a low ROI, or ii) the price of the coin has been depressed by continual selling. Below, we provide some examples of these coins:




The above coins all have large communities and are well known in the masternode space. Importantly, none of the above five projects gave CHT permission to list their coin, and all are listed as ‘auto’ meaning there is no instant share provided by the project.

Can CryptoHashTank be trusted?
The findings have been stark and clear: By sending your investments and increasing the influence of CHT provides a direct negative price suppression on the coins value, and devalues the investments for not only those who choose to invest on CHT, but the entire investment community.



Acting on greed, CHT use their influential position to ensure earnings are consistent for themselves without consideration of the projects, their community, and even those not using CHT. A listing to CHT in a coins infancy whilst rewards are at their highest can provides an immediate dumping after landing on exchange, as well as a strong negative effect for the long term progress of the project. Resulting from the immediate suppression on the price of coins like KTS and immediate devaluing of their communities’ investments, the continual selling pressure provided by CHT allows them to increase service fees to apply the final nail in the coffin for the coin allowing CHT to suck the final life out of the project. Once at this stage, the consequences are irreversible leaving their own investment community and others to face subsequent losses.

This article can be concluded and summarised with a couple of damning screenshots through communications with Mike [CHT Dev], and displays the willingness to not only destroy a project, but also their communities investments.

The example used is IFX. Through continual dumping through the listing of IFX, CHT has majorly contributed to the decline in price of IFX resulting in them taking a 'variable fee' of 50%+ of all rewards generated from his community.





CryptoHashTank's work here is done! Who will be their next victim?

Seeing this price action, the community would be in their right mind to assume a selling of premine and team exit. No! It is just CryptoHashTank at work!

Choosing the service and platform you send your investments to must be considered carefully. DYOR does not only apply to coins, but to the platforms you choose to send your coins to. Not doing so may have a strong influence not only in the success of your investments, but the success of the projects themselves!
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