Topic: Purpose (PRPS) & DUBI (DUBI) Ethereum Token Scam (Read 371 times)
thank you for such a large amount of information, this need to be noted!
I am fairly new to the crypto topic and made a acc here because I am checking on Athene from time to time. But wouldn't it make you a lot of money if you bought to that sellout time where it was 50% off and you sold just now, where DUBI is at 100$? Meaning if you had PRPS and got DUBI for it by "locking it" and trade it against eth now you could have made a lot like in a PND. I am not supporting this btw, I have trouble understanding the whole system atm which is already not trustworthy for me.
Basically, the best thing to say is this is a scam, don't trust the idiot. There is enough evidence to show this is a pump and dump scam. Especially with them making their own exchange for their own coin, which is de listed from other exchanges!
Athene tried to justify the scam by stating that he told everyone it was a scam.
There's nothing more to say about his character.
There's nothing more to say about his character.
It seems like most people here have no idea what they are talking about and they just wanna jump on the bandwagon.
Interesting, last post 2014 now suddenly responding to this thread.
It seems like most people here have no idea what they are talking about and they just wanna jump on the bandwagon.
It seems IDEX how now de-listed both eth tokens.
News: Supposedly making their own exchange because they were de-listed. It's called DUBIEX, good luck to them and artificially pumping their own token, easier to do it on your own! I wonder if they will be using source code from github, as there is plenty of exchange code on there.
News: Supposedly making their own exchange because they were de-listed. It's called DUBIEX, good luck to them and artificially pumping their own token, easier to do it on your own! I wonder if they will be using source code from github, as there is plenty of exchange code on there.
As I see it, this is a math problem. I would like to better understand your model and try to figure out how to "solve for X", as it were.
Do your calculations take into account A) the scheduled 20% annual burn of PRPS and B) the range of contract durations being 3/6/12 months ?
It seems like the burn will implicitly increase the value of PRPS by 20% each year, and increase the amount of Eth required as input by 20% each year (assuming PRPS / yr. purchase rate remains constant)
Also I haven't enlisted any PRPS into contracts, but I will assume that different tiers have different interest rates. I know that the distribution of contract duration will be scattered across 3/6/12 months solely on the basis of user variance. This must be taken into account, but does not appear to be.
Athene has said that after either 1 or 2 years he knows he will run out of money, if the "scam" does not take off. I want to figure out all the variables here, it would be great if you could share your findings.
Do your calculations take into account A) the scheduled 20% annual burn of PRPS and B) the range of contract durations being 3/6/12 months ?
It seems like the burn will implicitly increase the value of PRPS by 20% each year, and increase the amount of Eth required as input by 20% each year (assuming PRPS / yr. purchase rate remains constant)
Also I haven't enlisted any PRPS into contracts, but I will assume that different tiers have different interest rates. I know that the distribution of contract duration will be scattered across 3/6/12 months solely on the basis of user variance. This must be taken into account, but does not appear to be.
Athene has said that after either 1 or 2 years he knows he will run out of money, if the "scam" does not take off. I want to figure out all the variables here, it would be great if you could share your findings.
Thanks for your research, but whats worse is he is selling a token on a shady exchange for fixed prices, but he owns all the currency, so he can dump and buy back as much as he wants, because all the chumps on his stream give him ether for his worthless ERC20 token.
It will be quite interesting to see what happens when this is put onto regulated exchanges, not one single one as IDEX is a shady place. A coin cannot survive being listed on one exchange.
It will be quite interesting to see what happens when this is put onto regulated exchanges, not one single one as IDEX is a shady place. A coin cannot survive being listed on one exchange.
It's a ponzi scheme, and the math fails after 12 months:
After the first 12 months there is a shortage of money to cover the buywall which increases each year due to the float of DUBI increasing each year when you lock it in. All of his "mathematical calculations" failed to take into account the increase in DUBI supply each year.
Level 901, PRPS is at $1000. Total money collected for buywall: $90 million
-------------------------------------------------------------
Total DUBI in circulation at that time: 58,800
Money needed for buywall: $59 million
Money in buywall: $90 million
Surplus: $21 million
-------------------------------------------------------------
Total DUBI in circulation after 12 months: 117,600
Money needed for buywall: $117 million
Money in buywall: $90 million
Shortage: $27 million
-------------------------------------------------------------
Total DUBI in circulation after 24 months: 176,400
Money needed for buywall: $176 million
Money in buywall: $90 million
Shortage: $86 million
-------------------------------------------------------------
Total DUBI in circulation after 36 months: 235,200
Money needed for buywall: $235 million
Money in buywall: $90 million
Shortage: $145 million
-------------------------------------------------------------
Total DUBI in circulation after 48 months: 294,000
Money needed for buywall: $294 million
Money in buywall: $90 million
Shortage: $204 million
-------------------------------------------------------------
Total DUBI in circulation after 60 months: 352,800
Money needed for buywall: $352 million
Money in buywall: $90 million
Shortage: $262 million
-------------------------------------------------------------
Its a ponzi scheme that gets further and further in the pit each year as DUBI supply increases.
After the first 12 months there is a shortage of money to cover the buywall which increases each year due to the float of DUBI increasing each year when you lock it in. All of his "mathematical calculations" failed to take into account the increase in DUBI supply each year.
Level 901, PRPS is at $1000. Total money collected for buywall: $90 million
-------------------------------------------------------------
Total DUBI in circulation at that time: 58,800
Money needed for buywall: $59 million
Money in buywall: $90 million
Surplus: $21 million
-------------------------------------------------------------
Total DUBI in circulation after 12 months: 117,600
Money needed for buywall: $117 million
Money in buywall: $90 million
Shortage: $27 million
-------------------------------------------------------------
Total DUBI in circulation after 24 months: 176,400
Money needed for buywall: $176 million
Money in buywall: $90 million
Shortage: $86 million
-------------------------------------------------------------
Total DUBI in circulation after 36 months: 235,200
Money needed for buywall: $235 million
Money in buywall: $90 million
Shortage: $145 million
-------------------------------------------------------------
Total DUBI in circulation after 48 months: 294,000
Money needed for buywall: $294 million
Money in buywall: $90 million
Shortage: $204 million
-------------------------------------------------------------
Total DUBI in circulation after 60 months: 352,800
Money needed for buywall: $352 million
Money in buywall: $90 million
Shortage: $262 million
-------------------------------------------------------------
Its a ponzi scheme that gets further and further in the pit each year as DUBI supply increases.
Alright so quite a popular streamer on twitch called Athene has been scamming people with a new currency he has created called Purpose & Dubi
The price is currently being artificially inflated on a exchange called IDEX, where he sets a current buy wall & sell well for his coin, inflating the price by 1% every few hours to days (depending how much he sells of it). Currently he owns 99.6% of the currency and dumps it on the exchange he has had his token listed on for fixed prices, hyping up to everyone who watches his stream. “this coin can never fall, it’s a pump & pump coin that will only go up! It can only go up! I am going to make you rich, invest now etc etc etc.”
Now I have been watching this coin for a while, and when somebody owns the entire amount, and sets inflated buy prices. You have to wonder to yourself, something fishy is going on here, especially when he wants you to buy the coin, and then lock it (HODL) so you can get 1 DUBI in exchange. Now when you lock it (in a manual smart contract) the PRPS is oddly enough sent back to his own wallet. And thus the cycle of pumping it continues, with the rule you cannot have your prps back for 12 months. Now if you watch some of the lengthy videos down below you will see he is constantly (for up to 9 hours insane!!!) repeating to you why this coin is good, and how he is going to make you super rich, while also blurting out its a scam now and then for "entertainment purposes" also getting quite irritated when somebody calls him out on stream, now if this coin had nothing fishy about it, you would calmly ignore such comments, or prove why its not, he engages with the people accusing him and begins to go on a rant against them, it feels like he has something to hide and defend.
Now this shady exchange is pretty new, pretty small and I feel like he is doing a deal with them (dont take my word for it, its a hunch), and getting pretty wealthy on eth as of how much of his token he sells for eth there. While in reality his coin has absolutely no value, its not listed anywhere else! Only on this odd exchange where he repeatedly pumps up the price every time it falls back, I am still trying to wrap my head around it, how he owns the entire wealth of PRPS but yet banks out from ether because people he begs to, buy it up. No way would this currency make you "millions" as he states. It’s making him millions (of eth) but not the buyer of his pre-mined coin.
But in all honesty, I have shown you some of my proof that's down below. I would like you to give me your views on the whole thing, show proof or legitimacy of the coin. I think this coin should not be allowed to be shilled out on Twitch.tv which have yet to make a comment on his channel when he goes on a shilling spree for up to 9 hours, of why this coin is going to make YOU rich. Of course, if we have evidence to back up the legitimacy of this coin this topic will be removed.
Reddit complaint thread:
https://www.reddit.com/r/LivestreamFail/comments/7r57fh/why_is_athene_allowed_to_promote_and_run_his/
Another Reddit complaint thread.
https://www.reddit.com/r/LivestreamFail/comments/7sujf1/athene_full_exposed_as_scam_artist_promoting_a/
Proof down below.
Coin/Token Athenes (token owners) holdings.
https://etherscan.io/token/0x7641b2Ca9DDD58adDf6e3381c1F994Aac5f1A32f#balances
https://etherscan.io/token/0xd4cffeef10f60eca581b5e1146b5aca4194a4c3b#balances
Insane videos of Athene and Reese:
https://clips.twitch.tv/HeartlessAlluringGazelleTriHard
https://clips.twitch.tv/RelievedAssiduousTildeSuperVinlin
https://clips.twitch.tv/GleamingSpoopyCheeseGivePLZ (I don't think I have ever heard a charity worker say he doesn't care about kids dying though this clip was clipped in a nasty way by somebody, may have vendetta)
https://clips.twitch.tv/UglyGentleSpindlePogChamp
In this part of the video, somebody undercuts his sell wall, which gets him pretty angry as his coin drops by -90.0% in value.
After a little while you will see him zoom into his graph, to make it look like the coins increasing in value, while also desperately setting more sell wall prices for hundreds, if not thousands of his tokens for a set price.
https://www.twitch.tv/videos/219539135?t=03h17m26s
Some long video casts of where he try's to brainwash the audience to invest eth into his currency that's completely under his control:
https://www.twitch.tv/videos/220931552
https://www.twitch.tv/videos/220557412
https://www.twitch.tv/videos/220202166
Strange promotional video of why it makes you "very" rich
https://www.youtube.com/watch?v=wwleqKixhUg
Really wacky website for the coin PRPS & DUBI
https://www.prps.io/
The odd exchange in question thats allowing this shilling scam ( idex.market )
Edit: It seems Idex has de listed both tokens, I would be interested to see the reasons for de listing, as I cant imagine its from a reddit post.
Edit: Supposedly making their own exchange because they were de-listed. It's called DUBIEX, good luck to them and artificially pumping their own token, easier to do it on your own! I wonder if they will be using source code from github, as there is plenty of exchange code on there.
The price is currently being artificially inflated on a exchange called IDEX, where he sets a current buy wall & sell well for his coin, inflating the price by 1% every few hours to days (depending how much he sells of it). Currently he owns 99.6% of the currency and dumps it on the exchange he has had his token listed on for fixed prices, hyping up to everyone who watches his stream. “this coin can never fall, it’s a pump & pump coin that will only go up! It can only go up! I am going to make you rich, invest now etc etc etc.”
Now I have been watching this coin for a while, and when somebody owns the entire amount, and sets inflated buy prices. You have to wonder to yourself, something fishy is going on here, especially when he wants you to buy the coin, and then lock it (HODL) so you can get 1 DUBI in exchange. Now when you lock it (in a manual smart contract) the PRPS is oddly enough sent back to his own wallet. And thus the cycle of pumping it continues, with the rule you cannot have your prps back for 12 months. Now if you watch some of the lengthy videos down below you will see he is constantly (for up to 9 hours insane!!!) repeating to you why this coin is good, and how he is going to make you super rich, while also blurting out its a scam now and then for "entertainment purposes" also getting quite irritated when somebody calls him out on stream, now if this coin had nothing fishy about it, you would calmly ignore such comments, or prove why its not, he engages with the people accusing him and begins to go on a rant against them, it feels like he has something to hide and defend.
Now this shady exchange is pretty new, pretty small and I feel like he is doing a deal with them (dont take my word for it, its a hunch), and getting pretty wealthy on eth as of how much of his token he sells for eth there. While in reality his coin has absolutely no value, its not listed anywhere else! Only on this odd exchange where he repeatedly pumps up the price every time it falls back, I am still trying to wrap my head around it, how he owns the entire wealth of PRPS but yet banks out from ether because people he begs to, buy it up. No way would this currency make you "millions" as he states. It’s making him millions (of eth) but not the buyer of his pre-mined coin.
But in all honesty, I have shown you some of my proof that's down below. I would like you to give me your views on the whole thing, show proof or legitimacy of the coin. I think this coin should not be allowed to be shilled out on Twitch.tv which have yet to make a comment on his channel when he goes on a shilling spree for up to 9 hours, of why this coin is going to make YOU rich. Of course, if we have evidence to back up the legitimacy of this coin this topic will be removed.
Reddit complaint thread:
https://www.reddit.com/r/LivestreamFail/comments/7r57fh/why_is_athene_allowed_to_promote_and_run_his/
Another Reddit complaint thread.
https://www.reddit.com/r/LivestreamFail/comments/7sujf1/athene_full_exposed_as_scam_artist_promoting_a/
Proof down below.
Coin/Token Athenes (token owners) holdings.
https://etherscan.io/token/0x7641b2Ca9DDD58adDf6e3381c1F994Aac5f1A32f#balances
https://etherscan.io/token/0xd4cffeef10f60eca581b5e1146b5aca4194a4c3b#balances
Insane videos of Athene and Reese:
https://clips.twitch.tv/HeartlessAlluringGazelleTriHard
https://clips.twitch.tv/RelievedAssiduousTildeSuperVinlin
https://clips.twitch.tv/GleamingSpoopyCheeseGivePLZ (I don't think I have ever heard a charity worker say he doesn't care about kids dying though this clip was clipped in a nasty way by somebody, may have vendetta)
https://clips.twitch.tv/UglyGentleSpindlePogChamp
In this part of the video, somebody undercuts his sell wall, which gets him pretty angry as his coin drops by -90.0% in value.
After a little while you will see him zoom into his graph, to make it look like the coins increasing in value, while also desperately setting more sell wall prices for hundreds, if not thousands of his tokens for a set price.
https://www.twitch.tv/videos/219539135?t=03h17m26s
Some long video casts of where he try's to brainwash the audience to invest eth into his currency that's completely under his control:
https://www.twitch.tv/videos/220931552
https://www.twitch.tv/videos/220557412
https://www.twitch.tv/videos/220202166
Strange promotional video of why it makes you "very" rich
https://www.youtube.com/watch?v=wwleqKixhUg
Really wacky website for the coin PRPS & DUBI
https://www.prps.io/
The odd exchange in question thats allowing this shilling scam ( idex.market )
Edit: It seems Idex has de listed both tokens, I would be interested to see the reasons for de listing, as I cant imagine its from a reddit post.
Edit: Supposedly making their own exchange because they were de-listed. It's called DUBIEX, good luck to them and artificially pumping their own token, easier to do it on your own! I wonder if they will be using source code from github, as there is plenty of exchange code on there.
Jump to: