I believe this might be the Binance's new bitcoin - maybe a 1000$ per token

doomloop

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Quote from: johsmith27 on May 04, 2023, 11:52:01 PM

What you guys think? Thanks for reading this long post.

We think that none of your details, information, and promises in this long post have successfully convinced us to invest in this project of yours, and we think that it's all rubbish that every single meme coin and shit coin creator utters to lure people into buying the token so that it gets some hype and so that they can eventually earn some money by selling the tokens to the investors but it isn't that easy.

I know that you think that since Bitcoin has a low supply, it has managed to gain great value and if your token has a low supply, it might have the same fate, but it is not just the supply that matters, your token doesn't serve any purpose, it's useless and people don't buy and store useless tokens.

tvplus006

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Quote from: Mpamaegbu on February 12, 2024, 04:18:25 PM

Quote from: tvplus006 on February 12, 2024, 03:16:27 PM

...hoping that their coin will be bought by mistake. And that's exactly what the OP is trying to do.

Exactly! That's their game plan. This is why I will never add any token I'm buying on Pancakeswap and its ilks without using the token's CA (Contract Address). At least, I know that no project can use the CA of another. It's a shameful practice that people will deliberately hatch plans to scam others. Such is condemnable. Newbies should take note. We're going to see more of such as we progress into the bull rally proper.

A year later, after the creation of this topic, it becomes obvious that the Satozhi coin is a shit coin, for this it is enough to look at the current chart, where we will see that the price of the coin has decreased from $4.32 to today's price of $0.026 since its launch. And remember how the OP promised that this coin would reach a price of $1000.

Quote from: johsmith27 on May 04, 2023, 11:52:01 PM

...With the consistency of burnings and the bull-marketing coming. this token might reach 100$ up to 1000$ due to low supply(just imagine having a 500.000 supply or 250.000 in the future). it is definitely not a shitcoin...

Mpamaegbu

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Quote from: tvplus006 on February 12, 2024, 03:16:27 PM

Quote from: Mpamaegbu on February 12, 2024, 02:52:17 PM

~snipped~

...hoping that their coin will be bought by mistake. And that's exactly what the OP is trying to do.

Exactly! That's their game plan. This is why I will never add any token I'm buying on Pancakeswap and its ilks without using the token's CA (Contract Address). At least, I know that no project can use the CA of another. It's a shameful practice that people will deliberately hatch plans to scam others. Such is condemnable. Newbies should take note. We're going to see more of such as we progress into the bull rally proper.

tvplus006

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Quote from: Mpamaegbu on February 12, 2024, 02:52:17 PM

I don't know if it's just me being paranoia or careful, I tend to have instant disgust for any project that picks the name of a popular project for whatever they think is their reason. Such an action, for me, smacks of deceit. ..

So this is a scam. When someone uses an existing name that already has a certain reputation in the market, they seek to mislead their potential customers, hoping that their coin will be bought by mistake. And that's exactly what the OP is trying to do.

Mpamaegbu

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Quote from: tvplus006 on May 09, 2023, 08:41:08 AM

Since you named your coin after Satoshi Nakamoto, why did you make a mistake in writing the ticker? In which language will the name Satoshi have the spelling Satozhi? It's like you just want to get a hype by exploiting the image of Satoshi Nakamoto.

I don't know if it's just me being paranoia or careful, I tend to have instant disgust for any project that picks the name of a popular project for whatever they think is their reason. Such an action, for me, smacks of deceit. Once I smell a lie in any project, my antenna shoots out in protection of my emotional involvement in that project. OP using Satoshi and Binance to gain attraction for their project is going to be more of a backlash than patronage.

irsykes

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Maybe you think it's good, I don't necessarily just look at the media, I'm not sure about this project, sorry. I suggest you be careful in investing. burning 50% tokens seems extraordinary but looking from 2021 until now the project has not seen any significant signs. like your target is 1000$, the current price is 0.02$

ivankoh

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Quote from: tvplus006 on May 09, 2023, 08:41:08 AM

Quote from: johsmith27 on May 04, 2023, 11:52:01 PM

Satozhi (SATOZ) is a token that lives on the Binance Smart Chain and implements the world's first full Proof-of-Burn (PoB) protocol. It was launched in March 2021 and named after the founder of Bitcoin, Satoshi Nakamoto. ..

Since you named your coin after Satoshi Nakamoto, why did you make a mistake in writing the ticker? In which language will the name Satoshi have the spelling Satozhi? It's like you just want to get a hype by exploiting the image of Satoshi Nakamoto.

It seems right as you said, I will also appreciate and more when it is expressed in a different name, or if for the purpose of respect and gratitude, it must have an exact word with a certain name. This coin seems to stimulate visual fomo and media promotion mainly and that is a condescending way compared to gratitude or respect for Satoshi.

lepbagong

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Quote from: kentrolla on January 10, 2024, 02:33:46 PM

I know this is an marketing of the project but it's been a while since we have stopped buying the point about burning of tokens and we have seen this strategy by scammers lately hence it's better we stay away from tokens. This is just a campaign to create some sort of urgency and create FOMO which will fail for sure.

Since the OP made this post on May 5, 2023, no significant movement has been seen since a year has passed, if indeed there has been arson.What the OP said is that it has been marketed as he said, but if we check, it is only on PancakeSwap and Probit.But is it true, as you say, my friend, that this is a scammer's strategy? because there should be changes that occur if it is done correctly, or indeed, no one is interested in placing their funds there and is currently creating FOMO so that there can be changes!!!We will wait for further news from the OP regarding what was informed and whether there is any impact.

batang_bitcoin

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Okay if you say so.
The launching period of it doesn't even look good and the developers have totally pulled out their profits and that's usual on the meme coins like this. Naming after Bitcoin, after satoshi and what else? Going to use Binance as your backer to attract investors, that's not so new strategy.

kentrolla

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I know this is an marketing of the project but it's been a while since we have stopped buying the point about burning of tokens and we have seen this strategy by scammers lately hence it's better we stay away from tokens. This is just a campaign to create some sort of urgency and create FOMO which will fail for sure.

peter0425

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How is the coin today mate? raching 1000 dollars a coin? so this will be much expensive in binance coin then since there have been burning happens?
in the past those project that burns their coin shoes good movement in the future but nowadays scammers also uses this strategy to show people about their fake activities and ending to scam people even before they noticed this .

Reatim

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Quote from: JeffBrad12 on January 09, 2024, 07:13:50 PM

the thing with this kind of coin is that, they deliberately generate many supply just to market it to have mechanism of burn and then to reduce the total supply afterward, its kinda silly honestly even more so to say that its gonna be binance's new bitcoin I doubt so quite literally there are tons and tons of shitcoin created in binance trying to do the same thing, here's the thing even if it has proof of burn protocol or whatever it is to reduce the total supply but its kinda useless if the utility isn't there in the first place, the utility and demand seemes to be created artificially with this coin with no rea innovation to bring just some random gimmick.
even more so with the proof of burn, the devs just trying to make people burn their token for them so to give artificial sense of scarcity meanwhile im sure its not gonna benefit the user, overall a shitcoin that doesn't deserve investment.

Indeed and that is the reason I lessen my expectation in binance as they are allowing shitcoins and evens cam projects enters their exchange as long as they can pay for what is necessary , projects like this is a complete example of dishonesty and trying only to fool their investors believing they are burning more and more but the supply is truly high. and before the investors decide to sell out for gains? then they will gone and live the victims crying.
and we can also assess to how they are advertising their projects in much cheaper way instead of following what is necessary expenses and time.

JeffBrad12

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the thing with this kind of coin is that, they deliberately generate many supply just to market it to have mechanism of burn and then to reduce the total supply afterward, its kinda silly honestly even more so to say that its gonna be binance's new bitcoin I doubt so quite literally there are tons and tons of shitcoin created in binance trying to do the same thing, here's the thing even if it has proof of burn protocol or whatever it is to reduce the total supply but its kinda useless if the utility isn't there in the first place, the utility and demand seemes to be created artificially with this coin with no rea innovation to bring just some random gimmick.
even more so with the proof of burn, the devs just trying to make people burn their token for them so to give artificial sense of scarcity meanwhile im sure its not gonna benefit the user, overall a shitcoin that doesn't deserve investment.

kotajikikox

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so what are you having now OP? is there by any chance that you decided to invest in this project because as i checked your post history? never that you support this thread since creation , you did not even answer any of the question meaning you just clearly shill this project in a chance to gain anything or maybe you are being paid by the team if you are not part of it.

You have a Good project name as it is stand for the Creator of bitcoin name though there is a single letter change .

Woodie

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Nice project name but this being an altcoin won't really pull users as this isn't really unique !
And what have these guys done different that isn't already on the market??

And that 10 minute reward, is that the block time because if it is then thats a low blow for a project built on one of the fastest blockchains when compared to others such as Bitcoin that even experience a clogged network in those 10 minutes Tongue

And why the huge totally supply..does this mean periodic burns will be in the pipeline to keep its price positive..

tvplus006

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Quote from: johsmith27 on May 04, 2023, 11:52:01 PM

Satozhi (SATOZ) is a token that lives on the Binance Smart Chain and implements the world's first full Proof-of-Burn (PoB) protocol. It was launched in March 2021 and named after the founder of Bitcoin, Satoshi Nakamoto. ..

Since you named your coin after Satoshi Nakamoto, why did you make a mistake in writing the ticker? In which language will the name Satoshi have the spelling Satozhi? It's like you just want to get a hype by exploiting the image of Satoshi Nakamoto.

Tytanowy Janusz

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Quote from: johsmith27 on May 08, 2023, 10:03:38 AM

this coin is the first proof of burn concept created. due to low supply and originality binance could be interested somehow and list it.

everything has risks. it's all about betting. manage your money wisely. thanks

Binance won't list a 2 YO project that is slowly dying. They list projects that generates high volume, no matter how shitty this project is just like they listed PEPE few days ago. SATOZ daily volume is below 1000$.

They also list projects of which they are business angels or those who pay dearly. Not a proof of stake token build on proof of stake chain with fake proof of burn mechanism to cheat investors with 200k marketcap.

johsmith27

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the project is still under development. satozhi loyal investors are expectating the releasement of its own native blockchain.

this coin is the first proof of burn concept created. due to low supply and originality binance could be interested somehow and list it.

everything has risks. it's all about betting. manage your money wisely. thanks

coin-investor

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Quote from: johsmith27 on May 04, 2023, 11:52:01 PM

I have made my bets on this project. I've been studying thousands of projects in the binance smart chain world and this one was the most profissional and serious project that can suceeed. and still, we're kind of lucky to be early at this price.

What you guys think? Thanks for reading this long post.

And I thought this token is already listed and supported by the Binance exchange because you've used the word Binance until I found out it's not listed on Binance and just using a Binance chain to hype this token, you are good at shilling a token you really need to hype this token because it is down 99% percent from his all-time high two years ago and there's a possibility that this token will go down the drain.
I don't see usage-only features and we have so many of them in the market and the market is saturated with similar features.

darewaller

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Quote from: Silberman on May 05, 2023, 08:24:16 PM

This is clearly the weakness of all of those coins that try to make their project seem more desirable by burning a great deal of their supply, the truth is that if a coin does not really have a use case which it solves by an innovative use of technology then that coin is useless, no matter how intensively their supporters argue against this fact, and for what I can see about this coin the only way it could achieve anywhere near the success the OP wants is if a bunch of speculators invested in it just because, something that I doubt.

They do that because they know that many people believe that burning coins can make the value of the coin pump. This is the investors weakness and this is the advantage of the team.

Quote from: Tytanowy Janusz on May 05, 2023, 02:00:03 AM

Who cares? what is the problem of creating a token, generating 1 billion units out of thin air, putting 1 million into circulation, and burning remaining 999 million worth 0$? That's how we got a project that has 99.9% of the tokens burned ... only it's no different than a project that just has 1 million tokens and nothing has been burned.

For sure there are lots of people who will care. Either they are anti about these types of coins or they are an investor it. For those who are anti, they think coins like this are a problem to the crypto space because they are mostly just money grabs. This is clearly a meme coin judging by its name because they don't have an originality. It is better that most of the supply got burned because you said they are only useless, so what is the purpose of them existing?

Topic: I believe this might be the Binance's new bitcoin - maybe a 1000$ per token (Read 326 times)