Topic: IS DENT A SCAM? THE TEAM IS SELLING THEIR OWN BAGS AND DUMPING THE PRICE - page 7. (Read 2293 times)

On one hand, this is very troubling behavior. On the other hand, DENT is unique in it has a massively popular working product. Its mobile data marketplace has millions of users already. Anyone with more experience following the project care to share their opinion?

@jeffthebaker. If they have a massively popular product, that has millions of users in their marketplace, then why are they moving all their tokens to Binance? Is it for safe storage? Hehehe very doubtful.

and also in their wallet they have 11000 ethereum to cover expenses but they sold 6000 millions of dents... it's a shame

if the lock up period of the tokens have reached, the team will do what they think is best for the community and the project, if what is stated on the whitepaper is been followed then i think their is no issue with that but if not, then i think they have a case to answer to the community, also i think this is the wrong time for the team to sell their tokens massively, considering the bear market, they should have considered the community interest and sold the one that won't make the market price to dump.

https://etherscan.io/address/0xb674cac98f179f2caf34d5cd37cf0a7f46690984#tokentxns

This is Dent main account. As you can see, they are moving large amounts of dent for 83 days. If you follow transactions through the network, you can see that they end up in several major exchanges such as Kucoin or Binance.

Only 4 days ago, almost 270 million dent were send to Kucoin by the team.

Following other transactions we see that they distribute the token in small accounts and several of those transactions end up in Binance as I will show in the example, where they are dumped into the market:




I have calculated that they have moved about 6000 million dent, at current price about 20 million dollars, at the price of weeks ago it could be double or more.

I have tried to contact the team looking for an explanation to this but there is no answer on their part. So I feel obliged to do this public to try to clarify it.

The hack of Coinrail was 5.8 million dollars in dent, much less than what they have moved in these operations. They have NOT made any announcement about an increase in the supply or sale of non-circulating supplies, and the sale of coins to market, dumping the price for months, for me, it constitutes a scam or a very clear red flag. I hope that the team will soon pronounce themselves on this or find an explanation for it.

The suppression of the price by the team itself must be made public.  I think investors should know why is this happening and in case they sold the tokens to help the project's growth, know how they are spending this money.

There is nothing wrong with team members selling their coins because they have right to do whatever they like with their coins.

Team members sometimes need to sell some of their holdings because running a company does mean people working there also want to get paid. In order to get paid fiat, devs have to sell for fiat.

There is nothing wrong with team members selling their coins because they have right to do whatever they like with their coins.