Topic: is ChainX a scam?? (Read 533 times)
Never used this exchange, it's too new for me. When I went to this exchange and tested it most of the transactions were bots and had no real users. Be careful when you want to buy altcoins here because it will make you a lot of losses
ChainX is on the list of many scam projects in crypto space, on par with p2pb2b, exmarket, latoken, vindax and few other small exchanges, these exchanges must be avoided by all means, do not trade on such exchanges, they aren't safe
I used to trade here, there is no problem with this exchange. But this exchange has no liquidity and the trading of altcoin pairs are all bots. That's why I left this exchange to go to bigger exchanges
ChainX is on the list of many scam projects in crypto space, on par with p2pb2b, exmarket, latoken, vindax and few other small exchanges, these exchanges must be avoided by all means, do not trade on such exchanges, they aren't safe
ChainX exchange has wash trading and fake volume, it also has bad reputations and bad reviews from the exchange users, I think this exchange has something to do with the famous scam exchange called p2pb2b exchange
I heard nothing but bad reviews about ChainX, I've never used for once so I can't say anything than judge using reviews from other users, few new projects use chainX for IEO and it went really bad, it's not a good exchange
I would just avoid them, just in case, and not check their reliability. There are many alternatives.
Yes, and one good way to avoid such exchanges is not to use them at any time, because our time is too valuable to be spent on exchanges like ChainX, especially since there has been some speculation and evidence of strange things happening to exchange it. 
I don't mean the exchange, more so the polkadot parachain project. Unless these the exchange and the project are linked?
The return to investment is what attracted me to it initially, but I have been reading that the exchange is a scam. But, haven't heard about if the polkadot parachain project is legit
As it seems the exchange is korean but the polkadot parachain project is chinese
Thanks for your help
The return to investment is what attracted me to it initially, but I have been reading that the exchange is a scam. But, haven't heard about if the polkadot parachain project is legit
As it seems the exchange is korean but the polkadot parachain project is chinese
Thanks for your help
I haven't heard any scam accusations of ChainX. But my problem with the exchange is that no IEO goes to ChainX and comes out successful. Check out all the IEOs listed on ChainX and search for which amongst them is successful today.
I haven't heard any scam accusations of ChainX.
Indeed there is no thread in the scam accusation, but there are many threads in Altcoin Discusion for example: https://bitcointalksearch.org/topic/scam-chainx-exchange-emjac-ieo-5227425Quote
But my problem with the exchange is that no IEO goes to ChainX and comes out successful. Check out all the IEOs listed on ChainX and search for which amongst them is successful today.
This is not a problem, because there really won't be a successful project from a scam exchange
Chain is one of the cryptocurrency exchange that I repel. The exchange is full of trading bots and fake volumes. Several IEO conducted on the exchange wasn't successful, I wasn't surprised when I saw the title of the thread, I only wanted to know if they've exited as expected.
I'm not very familiar with chainX exchange but the answers are very clear if you can do research using Google to find reviews, as a matter of fact I don't see good reviews about this chainX exchange and that means it's a ba exchange
ChainX has fake volume, I often see IEO projects there but nothing has been successful, Exchange like ChainX is the same as P2PB2B and Latoken has fake volume. so it will be better avoid such kind of exchange
Sure, we should stay away from this exchange. I got to know this exchange in early 2020, after the project I joined IEO there. But soon I saw them using fake volumes to attract investors, and then the price dropped hundreds of times because there was no liquidity. 
ChainX has fake volume, I often see IEO projects there but nothing has been successful, Exchange like ChainX is the same as P2PB2B and Latoken has fake volume. so it will be better avoid such kind of exchange
100% indeed scam exchange, I found this in telegram https://t.me/ChainXFraud, where ChainX team blackmailed the client and changed listing price agreement and also I saw trustcore in Coingecko & Coinmarketcap was very bad and only had one pair who had good trust so it's good never to use this shit exchange.
ChainX has bad reviews that's certain and the exchange has limited users too, may be it's because of the bad reputation the exchange had? I can't say but don't judge any project that lands on small exchanges, some team won't know the service the exchange would render until later on, ChainX might just be a plus exchange for certain token or project
I don't mean the exchange, more so the polkadot parachain project. Unless these the exchange and the project are linked?
The return to investment is what attracted me to it initially, but I have been reading that the exchange is a scam. But, haven't heard about if the polkadot parachain project is legit
As it seems the exchange is korean but the polkadot parachain project is chinese
Thanks for your help
As for chainX the exchange have worse volume but that polkadot project is doing fine, maybe the team chooses chainX without knowing about their fake volume? That's unknown but presently polkadot is been listed on OKEX and GATE and that's a real game changer The return to investment is what attracted me to it initially, but I have been reading that the exchange is a scam. But, haven't heard about if the polkadot parachain project is legit
As it seems the exchange is korean but the polkadot parachain project is chinese
Thanks for your help
Ask about this exchange anywhere in the crypto space and it will be likened to exchanges like P2PB2B, and I think any exchange compared to P2PB2B is a bad exchange and no doubting it. From my own little encounter with the exchange which made me stopped for good is fake volume and manipulations just like P2PB2B, and that is really bad for an exchange which aims to keep growing. Another is, just like its counterpart, IEOs always ends in a bad way, with the price dumping badly; so i figured out that instead of wasting time with such an exchange it's better I focus on those ready to contribute positively to the crypto space.
They are not a scam exchange, people are still using it and can still withdraw money normally. But this exchange is not suitable for you to join IEO because most of the IEOs there have failed and do not have any successful projects and helped investors to get profits when investing.
I was wondering if you could answer this:
- Chainx.org vs chainx.kr are they different websites? different projects?
- One seems to be a korean project another chinese?
- ChainX.org is a project collaborating with polkadot, and not an exchange, they have a dex in app
- Chainx.kr doesnt have PCX (polkadot parachain X) listed which is ChainX.org's currency
So are these the same project? that was my main question
Not the same project at all,
Lots of newbies fudding PCX cause they think it is chainx.kr shitty exchange
just spend some time on chainx.org website and read the white paper. It connects other blockchains and assets to Polkadot chain.
For me, its an impressive project, main net is live and PCX is a steal right now at $1.80, I am staking it for daily interest of 0.125%, compounding the interest by re-staking the daily interest every 24 hours. After 1 year the compounded interest will be in exess of 60% of the initial stake.
It has 82.5% of 5.9M Current supply being staked. Total supply is 21M
PCX still has a MC under $12M
cheers,
Kev
They are not a scam exchange, people are still using it and can still withdraw money normally. But this exchange is not suitable for you to join IEO because most of the IEOs there have failed and do not have any successful projects and helped investors to get profits when investing.
I was wondering if you could answer this:
- Chainx.org vs chainx.kr are they different websites? different projects?
- One seems to be a korean project another chinese?
- ChainX.org is a project collaborating with polkadot, and not an exchange, they have a dex in app
- Chainx.kr doesnt have PCX (polkadot parachain X) listed which is ChainX.org's currency
So are these the same project? that was my main question
can anyone answer my question tho lol
No one will give you specific advice or recommendations on this matter. No one will want to take responsibility for possible problems that will subsequently come to you after acting on ChainX. Nevertheless, it is nevertheless necessary to take into account some facts that can characterize the exchange. ChainX is a centralized Korean exchange, which means it must be governed by certain laws of a particular state. In addition, the volume of trade indicated on coinmarketcap is 21 million dollars. After Binance is responsible for Coinmarketcap, I want to believe in the veracity of the indicators indicated on this resource.That's not what im asking. im asking if chainx.kr is the same as chainx.org, see below:
I was wondering if anyone could answer this:
- Chainx.org vs chainx.kr are they different websites? different projects?
- One seems to be a korean project another chinese?
- ChainX.org is a project collaborating with polkadot, and not an exchange, they have a dex in app
- Chainx.kr doesnt have PCX (polkadot parachain X) listed which is ChainX.org's currency
So are these the same project? that was my main question
Not a scam but a very bad exchange, they are manipulating every damn new coins on their exchange, fake volumes, watch trading and not trading are too many on the exchange, it's worse than p2pb2b exchange
Those indicators have been fulfilling all of the requirements for the chains to be considered as a scam exchange site. The reliable exchange site will never try to manipulate the volume, ban the withdrawal feature of some users, and doing so many shady things. can anyone answer my question tho lol
No one will give you specific advice or recommendations on this matter. No one will want to take responsibility for possible problems that will subsequently come to you after acting on ChainX. Nevertheless, it is nevertheless necessary to take into account some facts that can characterize the exchange. ChainX is a centralized Korean exchange, which means it must be governed by certain laws of a particular state. In addition, the volume of trade indicated on coinmarketcap is 21 million dollars. After Binance is responsible for Coinmarketcap, I want to believe in the veracity of the indicators indicated on this resource.
can anyone answer my question tho lol
I have never used this exchange, but I have heard a lot of FUD come from this exchange. The IEO continually fails and its price drops hundreds of times after being listed, and most altcoins there have no liquidity. So you shouldn't join IEO there because it's too risky
Not a scam but a very bad exchange, they are manipulating every damn new coins on their exchange, fake volumes, watch trading and not trading are too many on the exchange, it's worse than p2pb2b exchange
Those indicators have been fulfilling all of the requirements for the chains to be considered as a scam exchange site. The reliable exchange site will never try to manipulate the volume, ban the withdrawal feature of some users, and doing so many shady things. 
ChainX is a scam exchange, it usually cooperates with projects that will hold IEO there to fool investors, making it appear as if tokens were sold out in a short time, even though nothing was actually sold.
Using your logic, if a counterfeit money are used to pay for the goods in shop, and later that shop gives these counterfeit money banknote (without knowing they are fake) as a change from bigger banknote, then this shop is also violating the law ?
Fake projects use exchanges as ChainX or p2pb2b because it is easy to get listed there or run IEO. They are probably not scam, but use easiest way to earn (by listing everything) and they dont care much about reputation. After all, exchange users make a decision to buy scam token or coin. No one forces them to do it or participate in scam IEO.
I don't know if ChainX is a scam and I haven't come across any claim saying ChainX scam people, the only flaws about this exchange is bad team, all they know is price manipulation, all IEO projects that used ChainX performed worse
I haven't heard about coin lost or stolen fund on chainX exchange but the exchange is not good for new projects because it lacks real trading volume and liquidity, the exchange also use wash trading too
There are series of IEO held there and lot of complained that they have been manipulating the result of their listed project. So for me, an obvious exchange like this would not progress, its like they are similar with other worthless platform such as latoken, vindax and p2pb2b exchange which proven to cheat or manipulating on their exchange.
The exchange is bad, even Probit and coinsbit beats this ChainX, customer service is very low and fake volumes are on the exchange, stay away, it's Definitely like idex and p2pb2b exchange
Why you included Idex? That is a legit exchange and worth than these markets you mentioned. Just saw everyones comments
I was wondering if anyone could answer this:
- Chainx.org vs chainx.kr are they different websites? different projects?
- One seems to be a korean project another chinese?
- ChainX.org is a project collaborating with polkadot, and not an exchange, they have a dex in app
- Chainx.kr doesnt have PCX (polkadot parachain X) listed which is ChainX.org's currency
So are these the same project? that was my main question
I think the mods may need to move this thread to the Scam Accusations section, since we’re discussing about ChainX being a possible scam in the eyes of the OP and the others.
I don’t know if they’re going to end up like BCNEX (which had recently exit scammed), but there are new exchanges that keeps on popping up and deceiving lots of traders due to wash trading, fake volume, etc.
Just my opinion.
BCNEX is one of the most bullshit exchanges I've ever known. They became a scam after completing the ICO and did not do anything for this market. Strong measures are needed to punish such scammers in this market. And I believe they will soon return to this market with another project, be careful I don’t know if they’re going to end up like BCNEX (which had recently exit scammed), but there are new exchanges that keeps on popping up and deceiving lots of traders due to wash trading, fake volume, etc.
Just my opinion.
ChainX is a scam exchange, it usually cooperates with projects that will hold IEO there to fool investors, making it appear as if tokens were sold out in a short time, even though nothing was actually sold.
That's right, all their IEO information is fake. They issued an announcement that the IEO was completed in a short time, but in fact no one invested and participated in the project. Be careful with this exchange because it is worse than P2PB2P and Latoken
Dont trust new exchange with good return to investment they are using new names because we all knows that old version of those scam exchanges are scam like exmarket, p2pb2b.
Therefore, you may notice that you collected a lot of profits, but once you try to withdraw those profits, problems will start to appear, such as the need to verify the identity, the account has been frozen because you violated one of the rules and other methods of fraud.
Therefore, you may notice that you collected a lot of profits, but once you try to withdraw those profits, problems will start to appear, such as the need to verify the identity, the account has been frozen because you violated one of the rules and other methods of fraud.
Here's the situation.
Any absolutely shit exchange running an IEO will only be able to run the absolute worst quality IEOs — including those that will almost certainly fail and/or are an outright scam.
If the exchange can't even build up its own reputation and user-base with whitehat means, why would it be able to do so for a third-party project?
I would personally stay well away from any IEO launched on a basically dead exchange, irrespective of the claims it makes. Remember, extraordinary claims require extraordinary evidence, accept nothing less.
Any absolutely shit exchange running an IEO will only be able to run the absolute worst quality IEOs — including those that will almost certainly fail and/or are an outright scam.
If the exchange can't even build up its own reputation and user-base with whitehat means, why would it be able to do so for a third-party project?
I would personally stay well away from any IEO launched on a basically dead exchange, irrespective of the claims it makes. Remember, extraordinary claims require extraordinary evidence, accept nothing less.
I think the mods may need to move this thread to the Scam Accusations section, since we’re discussing about ChainX being a possible scam in the eyes of the OP and the others.
I don’t know if they’re going to end up like BCNEX (which had recently exit scammed), but there are new exchanges that keeps on popping up and deceiving lots of traders due to wash trading, fake volume, etc.
Just my opinion.
I don’t know if they’re going to end up like BCNEX (which had recently exit scammed), but there are new exchanges that keeps on popping up and deceiving lots of traders due to wash trading, fake volume, etc.
Just my opinion.
It's very easy to know which exchange is good or bad just by looking for users reviews online, once they are full of bad reviews you don't need to be told, chainX exchange has too many bad reviews, that's all the answer you need
I don't mean the exchange, more so the polkadot parachain project. Unless these the exchange and the project are linked?
The return to investment is what attracted me to it initially, but I have been reading that the exchange is a scam. But, haven't heard about if the polkadot parachain project is legit
As it seems the exchange is korean but the polkadot parachain project is chinese
Thanks for your help
The return to investment is what attracted me to it initially, but I have been reading that the exchange is a scam. But, haven't heard about if the polkadot parachain project is legit
As it seems the exchange is korean but the polkadot parachain project is chinese
Thanks for your help
It's good that whenever we hear bad reports or bad news about most exchanges, we make enquiries to be sure our funds are safe. The truth is, whenever an exchange is being tagged as scam or bad, most of the times it ends up being true, because there is no way an exchange will take good care of their users and they will go the length of tagging them scam. An exchange like Binance, can never be tagged scam because all evidence shows the exchange is growing with good customer service. However, in the case of this ChainX exchange, there have been bad reviews about them and now they are being placed on the same scale with P2PB2B which is a bad thing for them. My only advice would be, trade carefully on the exchange or stay away if possible.
Not a scam but a very bad exchange, they are manipulating every damn new coins on their exchange, fake volumes, watch trading and not trading are too many on the exchange, it's worse than p2pb2b exchange
ChainX is a scam exchange, it usually cooperates with projects that will hold IEO there to fool investors, making it appear as if tokens were sold out in a short time, even though nothing was actually sold.
ChainX has fake volume, I often see IEO projects there but nothing has been successful, Exchange like ChainX is the same as P2PB2B and Latoken has fake volume
ChainX has indeed been talked about a lot before because of their shady exchanges, although many IEOs are running, but it's easy to be priceless, well, here we know enough that we have to do research or ask their reputation here.
I have never used ChainX exchange.
I have never used ChainX exchange.
ChainX is just another small exchange from inexperienced team trying to survive, the exchange failed because of the team, they aren't very well experienced, exchange isn't easy to run, without pro team the exchange will surely lack behind big time
ChainX exchange is just like another version of p2pb2b exchange, full of fake volumes and watch trade, I haven't seen a successful IEO from ChainX that retains good value or volume, they always dump too fast, here is another proof to back my point
https://bitcointalksearch.org/topic/scam-chainx-exchange-emjac-ieo-5227425
https://bitcointalksearch.org/topic/scam-chainx-exchange-emjac-ieo-5227425
You mean wash trading? yeah, its possible, there's a lot of exchanges today that are practicing that so I wouldn't be surprised if ChainX is also doing that behind all traders. So no surprises here, and OP has a point so I'm in his shoes, do did a good job researching it, and the conclusion is that don't put your money, as the chance of losing them are very high, just a friendly advice.
too many bad reviews on this exchange so I think if someone says scam exchange I think it's not wrong, even though it is regretted because this exchange originated from South Korea even though exchange projects from other South Korea are not many that are scam and actually good but Chainx just the opposite.
You can hardly find a new exchange not to be scam. There are lots of new exchanges that become scam like idax, yobit and even this chain. Ive joined emjac campaign but did not received any payment. This project held their IEO on chainX and guess what they have a good result, but unfortunately we are not get paid due to fact about their issues. I know there is something fishy about this market cause its just new. I dont know even if their volume is legit at all or just manipulated.
Honestly, I didn't know this exchange is a scam. Till today I used to think that this is also a good exchange, But today I'm surprised to see all your comments on this thread, Everyone is saying that this is a scam, however, thank you, guys.
Some other friends like me may also consider this exchange good, It would be very good if someone got scammed by this exchange, then he should start the topic here
Some other friends like me may also consider this exchange good, It would be very good if someone got scammed by this exchange, then he should start the topic here
Safe yourself the time and use Google to search to find reviews on ChainX, I haven't seen anyone who talk good about this exchange, it's a bad exchange IMO, stay away, using such exchange for trading is risky, it will be easier for this exchange to exit scam
This is not the only case of fraud from new exchange promos, even exchanges involving governments such as BCNEX.I got a big fraud from their project. you should be more careful with their platforms. it is not easy to establish crypto exchanges.
Safe yourself the time and use Google to search to find reviews on ChainX, I haven't seen anyone who talk good about this exchange, it's a bad exchange IMO, stay away, using such exchange for trading is risky, it will be easier for this exchange to exit scam
I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity
I am aware of this exchange since they implemented IEO blockburn. IEO was sold in a few minutes and completely successful. But I was very surprised when after listing this project, the price of it was quickly reduced by 20 times and there was no investor trading it. I later realized that most trading pairs were empty and had no volume. Stay away from this bullshit exchangeThat's a horrible thing and chainx is a scam.
I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity
I am aware of this exchange since they implemented IEO blockburn. IEO was sold in a few minutes and completely successful. But I was very surprised when after listing this project, the price of it was quickly reduced by 20 times and there was no investor trading it. I later realized that most trading pairs were empty and had no volume. Stay away from this bullshit exchangeThat's a horrible thing and chainx is a scam.
ChainX is another shit exchange like vindax, latoken, exmarket, p2pb2b, and others that lacks good reputation to protect, any scam projects can list on these exchanges at cheap costs, the exchange team only care about money making and manipulations
There are series of IEO held there and lot of complained that they have been manipulating the result of their listed project. So for me, an obvious exchange like this would not progress, its like they are similar with other worthless platform such as latoken, vindax and p2pb2b exchange which proven to cheat or manipulating on their exchange.
The exchange is bad, even Probit and coinsbit beats this ChainX, customer service is very low and fake volumes are on the exchange, stay away, it's Definitely like idex and p2pb2b exchange
Why you included Idex? That is a legit exchange and worth than these markets you mentioned. I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity
I am aware of this exchange since they implemented IEO blockburn. IEO was sold in a few minutes and completely successful. But I was very surprised when after listing this project, the price of it was quickly reduced by 20 times and there was no investor trading it. I later realized that most trading pairs were empty and had no volume. Stay away from this bullshit exchange
I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity
I am aware of this exchange since they implemented IEO blockburn. IEO was sold in a few minutes and completely successful. But I was very surprised when after listing this project, the price of it was quickly reduced by 20 times and there was no investor trading it. I later realized that most trading pairs were empty and had no volume. Stay away from this bullshit exchange
I remember chainX exchange but I though they stop working already, in 2019 many new projects used the exchange to raise fund through IEO and they came out with very bad results, few of the projects are now worthless, the exchange lacks good trading volume and liquidity
The exchange is bad, even Probit and coinsbit beats this ChainX, customer service is very low and fake volumes are on the exchange, stay away, it's Definitely like idax and p2pb2b exchange
ChainX exchange is just like another version of p2pb2b exchange, full of fake volumes and watch trade, I haven't seen a successful IEO from ChainX that retains good value or volume, they always dump too fast, here is another proof to back my point
https://bitcointalksearch.org/topic/scam-chainx-exchange-emjac-ieo-5227425
Absolutely agree with you, this is just a version like P2PB2P. I have never seen any successful IEO on this exchange, there are a few IEO sold out in a short time, but after being listed, its price drops many times compared to IEO's price. Be careful when participating in this exchange https://bitcointalksearch.org/topic/scam-chainx-exchange-emjac-ieo-5227425
ChainX exchange is just like another version of p2pb2b exchange, full of fake volumes and watch trade, I haven't seen a successful IEO from ChainX that retains good value or volume, they always dump too fast, here is another proof to back my point
https://bitcointalksearch.org/topic/scam-chainx-exchange-emjac-ieo-5227425
https://bitcointalksearch.org/topic/scam-chainx-exchange-emjac-ieo-5227425
I don't mean the exchange, more so the polkadot parachain project. Unless these the exchange and the project are linked?
The return to investment is what attracted me to it initially, but I have been reading that the exchange is a scam. But, haven't heard about if the polkadot parachain project is legit
As it seems the exchange is korean but the polkadot parachain project is chinese
Thanks for your help
The return to investment is what attracted me to it initially, but I have been reading that the exchange is a scam. But, haven't heard about if the polkadot parachain project is legit
As it seems the exchange is korean but the polkadot parachain project is chinese
Thanks for your help
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