Topic: [SCAM] ChainX Exchange & Emjac IEO (Read 749 times)
Emjac holds a bounty campaign on this forum last year I think, I'm just glad I don't promote such project and that ChainX is a bad exchange, you can easily decide that by looking at few projects that use the exchange to raise funds ( IEO ), they all came out with bad results, it's more like another p2pb2b exchange
I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Yes, but to openly be so open about scamming your own investors is ccrazy. Chainx exchange and ICO Pantera have to go to jail!
Yes, in fact crypto will also be very good if it is regulated in regulations, because it can eradicate scammers who are already very rampant at this time, only when there are rules, how the procedure works will also be different and it will also affect the progress of crypto itself.
Crypto started out because it wanted to avoid the centralization of regulations, yet now it is being forced into what it did not want to be part of in the first place, under the guise of financial crimes...
The current financial system which is old and full of regulations can be used by fraudsters, especially Crypto, which has almost no regulation in many countries. That's why I feel like inevitably the regulation is necessary even though the crypto spirit will fade a little, but for the sake of security of all parties
It's a problem when you trade freedom for security.
The solution is to stay vigilant of all the scams out there. That's the only way to stay away from scammers.
Do you think the gov gives a damn about their citizens eat crap? Nope! They won't care about their citizens wealth.
So, no, we don't need regulations, we need to stay alert.
When reports like this are being made or released it is for the good of everyone, it is for everyone to take precautionary measures when dealing with such exchange, it is also for everyone to know that dealing with such exchange comes with great risk. This exchange is getting exposed gradually and this is the right time to start adjusting before it gets worst. Projects should always try their best to ascertain if an exchange will help them grow or not, because whether they like it or not, exchanges plays a role in the growth of every project.
Ex-clients of chainx now has created a Telegram channel to complain about how they got f**ked by the Chainx CEO @ChristheQ. According to the images in the Telegram channel, Chainx doubled the prices after signing a contract. 5 year old CEO of Chainx does not understand how business or contracts work.
https://t.me/ChainXFraud
I have also checked this exchange, surprisingly when I look at the trading pairs, most trading pairs are empty. The altcoins listed here do not seem to have any volumes, and they use bots a lot at major trading pairs. It is best to stay away from this exchange as soon as possible
Coindesk just reported on this exchange with it having "a very high probability" that everything is washed.
The CEO of Chainx said that it does look like wash trading, although he said it was "most likely coin project teams that did it". When asked by Coindesk who the hell would help him conduct wash trading to benefit his exchange
Chainx CEO said... HE DOES NOT KNOW!!!
Lol CEO of chainx doesn't wanna be blamed and it's just like 5 years old kid. There will be a lot of drama around this exchange site for sure.
CEO of Chainx not just behaves like a 5 year old kid, he also looks like one.
He also owns ICO Pantera which sounds a lot like the successful Pantera capital.
The super funny thing is... PROJECTS ARE BEING CONNED BY THIS 5 YEAR OLD KID TO MAKE IEO ON ITS EXCHANGE!
When reports like this are being made or released it is for the good of everyone, it is for everyone to take precautionary measures when dealing with such exchange, it is also for everyone to know that dealing with such exchange comes with great risk. This exchange is getting exposed gradually and this is the right time to start adjusting before it gets worst. Projects should always try their best to ascertain if an exchange will help them grow or not, because whether they like it or not, exchanges plays a role in the growth of every project.
I have also checked this exchange, surprisingly when I look at the trading pairs, most trading pairs are empty. The altcoins listed here do not seem to have any volumes, and they use bots a lot at major trading pairs. It is best to stay away from this exchange as soon as possible
Coindesk just reported on this exchange with it having "a very high probability" that everything is washed.
The CEO of Chainx said that it does look like wash trading, although he said it was "most likely coin project teams that did it". When asked by Coindesk who the hell would help him conduct wash trading to benefit his exchange
Chainx CEO said... HE DOES NOT KNOW!!!
Lol CEO of chainx doesn't wanna be blamed and it's just like 5 years old kid. There will be a lot of drama around this exchange site for sure.
ChainX platform looking reliable exchange and it’s new exchange but it’s reputation rapidly growing on the Korean community because this made transparency and highly liquidity platform. Blockburn IEO's already ended on ChainX exchange and within 5 minutes(now it’s doubt and questionable) tokens sold out.
I highly doubt there was a successful Blockburn IEO on an exchange with no one.
Another time of hearing about the bad practices carried out by this exchange and it is not good in any way, why doing such to your users, it is inhumane. Also, many exchanges do carry out washing trading but it seems this exchange think it's good to over do it thus going the path of P2PB2B and it will make them unfit for anyone sooner than later. In addition, to an extent, don't trust some of the data reported by CMC as they are always questionable rather coingecko seems to be better in some aspects.
I have also checked this exchange, surprisingly when I look at the trading pairs, most trading pairs are empty. The altcoins listed here do not seem to have any volumes, and they use bots a lot at major trading pairs. It is best to stay away from this exchange as soon as possible
Coindesk just reported on this exchange with it having "a very high probability" that everything is washed.
The CEO of Chainx said that it does look like wash trading, although he said it was "most likely coin project teams that did it". When asked by Coindesk who the hell would help him conduct wash trading to benefit his exchange
Chainx CEO said... HE DOES NOT KNOW!!!
ChainX platform looking reliable exchange and it’s new exchange but it’s reputation rapidly growing on the Korean community because this made transparency and highly liquidity platform. Blockburn IEO's already ended on ChainX exchange and within 5 minutes(now it’s doubt and questionable) tokens sold out.
I highly doubt there was a successful Blockburn IEO on an exchange with no one.
Let's go do it. Where is their bounty page?
This is the Emjac bounty page, https://bitcointalksearch.org/topic/phase-2-emjac-bounty-restarted-kyc-not-needed-ieo-in-p2pb2b-and-vsex-5186391 (phase 2)
https://bitcointalksearch.org/topic/ieo-emjac-bounty-campaign-400000-usd-worth-tokens-ieo-in-exmarkets-5165073 (phase 1)
but it is unfortunate because the bounty page has been locked and the bounty has ended, please check it.
I have also checked this exchange, surprisingly when I look at the trading pairs, most trading pairs are empty. The altcoins listed here do not seem to have any volumes, and they use bots a lot at major trading pairs. It is best to stay away from this exchange as soon as possible
Yea I think it was quoted by someone on top that Emjac has run a big bounty campaign but no one got anything. They think bounty people are providing free labor... Everyone be careful of Emjac and chainx.
Maybe we should post this on their bounty pages so that people are careful.
Yes, I agree that we have to post this on their bounty page so that all people stay away from Emjac and Chainx, because it will be very bad if the hunters continue to promote them, but in the end they get nothing.Maybe we should post this on their bounty pages so that people are careful.
Let's go do it. Where is their bounty page?
Yea I think it was quoted by someone on top that Emjac has run a big bounty campaign but no one got anything. They think bounty people are providing free labor... Everyone be careful of Emjac and chainx.
Maybe we should post this on their bounty pages so that people are careful.
Yes, I agree that we have to post this on their bounty page so that all people stay away from Emjac and Chainx, because it will be very bad if the hunters continue to promote them, but in the end they get nothing. Maybe we should post this on their bounty pages so that people are careful.
More news about ICO Pantera.
They go around telling projects they can raise MILLIONS OF DOLLARS. Sell them broken dreams.
Then when projects ask which exchange should they run the IEO, these jokers say...
CHAINX
Not Binance, not Huobi, but fking ChainX LOLOLOLOLOLOLOL.
Of course nothing gets raised in that wash trading bot exchange. Projects go home poor and broke with broken dreams. L O L
They go around telling projects they can raise MILLIONS OF DOLLARS. Sell them broken dreams.
Then when projects ask which exchange should they run the IEO, these jokers say...
CHAINX
Not Binance, not Huobi, but fking ChainX LOLOLOLOLOLOLOL.
Of course nothing gets raised in that wash trading bot exchange. Projects go home poor and broke with broken dreams. L O L
ChainX platform looking reliable exchange and it’s new exchange but it’s reputation rapidly growing on the Korean community because this made transparency and highly liquidity platform. Blockburn IEO's already ended on ChainX exchange and within 5 minutes(now it’s doubt and questionable) tokens sold out.
I highly doubt there was a successful Blockburn IEO on an exchange with no one.
A week ago I asked a friend to help investigate ChainX ideology and the exchanges volume, liquidity and all that, and clearly stated, Chainx is a new exchange now conducting series of IEO at a time just like the way P2pb2b and Probit currently doing. From what I know, Crypto exchange had to be stable and volume free before conducting Funds raising system. Imagine new sells out IEO in just 15 minutes time, this isn't possible.
So I see many features Chainx is exhibiting proving them to be scam exchange like shit exchange listed above,. For them to list EMJAC IEO meaning they scam because Emjace had be probe to scam long time ago which resulted them to start up again. We still watching where Chainx would go in the crypto market.
So I see many features Chainx is exhibiting proving them to be scam exchange like shit exchange listed above,. For them to list EMJAC IEO meaning they scam because Emjace had be probe to scam long time ago which resulted them to start up again. We still watching where Chainx would go in the crypto market.
Funny you mentioned Probit. Probit does not seem to be washing its way up to the Top of the volume rankings for free publicity. Their Telegram chat seems to be very popular actually. A lot of discussions. I can't even find Chainx Telegram
https://t.me/ProbitEnglish
Chainx telegram is just people saying Good morning? I don't understand lol.
https://t.me/ChainX_officialEng
We should stay away shit exchanges, what they do is drive token price follow their intention, dump & pump and steal our money.
Thanks for notice, I joined Emjac airdrop longtime ago, last year, didn't receive anything, now i know the reason.
It's a relief if you already know the reason for not getting anything from Emjac, because they have made manipulations since the beginning of the campaign.Thanks for notice, I joined Emjac airdrop longtime ago, last year, didn't receive anything, now i know the reason.
Yea me too. Super salty...
Somewhere above, it was written that they sued their former co-workers
Whatever they demand if the project is not clear, then they also won't get anything from their work, once or twice maybe they can get money through investors, but the third time I think they will get nothing, because once they cheat , then everyone will label them as cheats for life.Somewhere above, it was written that they sued their former co-workers
Yea I think it was quoted by someone on top that Emjac has run a big bounty campaign but no one got anything. They think bounty people are providing free labor... Everyone be careful of Emjac and chainx.
Maybe we should post this on their bounty pages so that people are careful.
I have heard of this exchange and until now I have never used it, and in recent months a lot of IEO projects that have held a bounty in this forum have listed IEO in ChainX market, and if this case is true I think investors or bounty hunters should carefully.
ChainX platform looking reliable exchange and it’s new exchange but it’s reputation rapidly growing on the Korean community because this made transparency and highly liquidity platform. Blockburn IEO's already ended on ChainX exchange and within 5 minutes(now it’s doubt and questionable) tokens sold out.
A week ago I asked a friend to help investigate ChainX ideology and the exchanges volume, liquidity and all that, and clearly stated, Chainx is a new exchange now conducting series of IEO at a time just like the way P2pb2b and Probit currently doing. From what I know, Crypto exchange had to be stable and volume free before conducting Funds raising system. Imagine new sells out IEO in just 15 minutes time, this isn't possible.
So I see many features Chainx is exhibiting proving them to be scam exchange like shit exchange listed above,. For them to list EMJAC IEO meaning they scam because Emjace had be probe to scam long time ago which resulted them to start up again. We still watching where Chainx would go in the crypto market.
So I see many features Chainx is exhibiting proving them to be scam exchange like shit exchange listed above,. For them to list EMJAC IEO meaning they scam because Emjace had be probe to scam long time ago which resulted them to start up again. We still watching where Chainx would go in the crypto market.
We should stay away shit exchanges, what they do is drive token price follow their intention, dump & pump and steal our money.
Thanks for notice, I joined Emjac airdrop longtime ago, last year, didn't receive anything, now i know the reason.
It's a relief if you already know the reason for not getting anything from Emjac, because they have made manipulations since the beginning of the campaign.Thanks for notice, I joined Emjac airdrop longtime ago, last year, didn't receive anything, now i know the reason.
Yea me too. Super salty...
Somewhere above, it was written that they sued their former co-workers
Whatever they demand if the project is not clear, then they also won't get anything from their work, once or twice maybe they can get money through investors, but the third time I think they will get nothing, because once they cheat , then everyone will label them as cheats for life. Somewhere above, it was written that they sued their former co-workers
I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Yes, but to openly be so open about scamming your own investors is ccrazy. Chainx exchange and ICO Pantera have to go to jail!
Yes, in fact crypto will also be very good if it is regulated in regulations, because it can eradicate scammers who are already very rampant at this time, only when there are rules, how the procedure works will also be different and it will also affect the progress of crypto itself.
Crypto started out because it wanted to avoid the centralization of regulations, yet now it is being forced into what it did not want to be part of in the first place, under the guise of financial crimes...
The current financial system which is old and full of regulations can be used by fraudsters, especially Crypto, which has almost no regulation in many countries. That's why I feel like inevitably the regulation is necessary even though the crypto spirit will fade a little, but for the sake of security of all parties
True...
We should stay away shit exchanges, what they do is drive token price follow their intention, dump & pump and steal our money.
Thanks for notice, I joined Emjac airdrop longtime ago, last year, didn't receive anything, now i know the reason.
Thanks for notice, I joined Emjac airdrop longtime ago, last year, didn't receive anything, now i know the reason.
Yea me too. Super salty...
Somewhere above, it was written that they sued their former co-workers
I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Yes, but to openly be so open about scamming your own investors is ccrazy. Chainx exchange and ICO Pantera have to go to jail!
Yes, in fact crypto will also be very good if it is regulated in regulations, because it can eradicate scammers who are already very rampant at this time, only when there are rules, how the procedure works will also be different and it will also affect the progress of crypto itself.
Crypto started out because it wanted to avoid the centralization of regulations, yet now it is being forced into what it did not want to be part of in the first place, under the guise of financial crimes...
The current financial system which is old and full of regulations can be used by fraudsters, especially Crypto, which has almost no regulation in many countries. That's why I feel like inevitably the regulation is necessary even though the crypto spirit will fade a little, but for the sake of security of all parties
I fully understand why you say so. But can ICO Pantera and Chainx go to jail if what they are doing now is currently not illegal but if it was fiat, it would be sooooooooo damn illegal?
Also, regulators are waking up to these scammers. BUT BEFORE THAT, the crypto community has to be very cautious of scammers and scam exchanges!
Now that prices of Bitcoin falls to $4,000+. I wonder if we will see any new scam exchanges mysteriously closing down...
When getting scam site or exchange market you can left and try to withdraw all your assets there, but if not available for withdrawing give information to the other and never use for scam exchange market to trade or invest there.
I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Yes, but to openly be so open about scamming your own investors is ccrazy. Chainx exchange and ICO Pantera have to go to jail!
Yes, in fact crypto will also be very good if it is regulated in regulations, because it can eradicate scammers who are already very rampant at this time, only when there are rules, how the procedure works will also be different and it will also affect the progress of crypto itself.
Crypto started out because it wanted to avoid the centralization of regulations, yet now it is being forced into what it did not want to be part of in the first place, under the guise of financial crimes...
The current financial system which is old and full of regulations can be used by fraudsters, especially Crypto, which has almost no regulation in many countries. That's why I feel like inevitably the regulation is necessary even though the crypto spirit will fade a little, but for the sake of security of all parties
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Yes, in fact crypto will also be very good if it is regulated in regulations, because it can eradicate scammers who are already very rampant at this time, only when there are rules, how the procedure works will also be different and it will also affect the progress of crypto itself.Crypto started out because it wanted to avoid the centralization of regulations, yet now it is being forced into what it did not want to be part of in the first place, under the guise of financial crimes...
Looks like Emjac are in trouble now after being exposed.
Not just in trouble but surely their project would lose investors. Scheme like this isnt common, even in the past there are related incident where projects are collaborating with exchanges to boost their sales. Though its clearly a fake one. Even now we cant trust most IEOs that conducted on these markets, Im sure there are shady things occuring on their process plus we cant detect it especially everything is done under the table, and inside the centralized exchange. That's why centralized markets conducting IEO still vague when it comes to transparency. Even on major one, we cant be sure of those plugged information if its real or just a fake one. ChainX must be investigated more and must be punish for this.
ChainX is one of these new exchanges which conducts IEO. Although I have never heard any scam allegations against them but I do know that Chainx exchange would not be better than the likes of P2PB2B exchange that indulges in wash trades. Traders just need to be extremely careful with the kind of exchanges they trade their coins.
IEO on ChainX is sold out but tokens don't have volume when traded, so who buys all the tokens and doesn't want to sell them anymore? Most likely ChainX manipulated everything"Sold out" as claimed by them. There is no proof that it truly is sold out. I think it is Chainx just pretending to be sold out so that they can con future projects to do IEO on them. There is no reason how a small exchange with no users can miraculously sell out all their IEO tokens.
several projects have collaborated with ChainX in raising IEO funds. Exchange ChainX suddenly skyrocketed to the surface with a large volume. I don't trust Exchange ChainX because of some history like P2PB2B which ended up manipulating the results of the IEO funds. some people have to give a negative Tag for Chainx exchange.
Has there been a problem with ChainX so that users can tag negative trust in this exchange, I know that several projects have collaborated with this exchange to raise funds but I don't know whether ChainX has been declared capable of manipulating prices against IEO or other trades.
If the p2pb2b had always been this exchange is bad.
several projects have collaborated with ChainX in raising IEO funds. Exchange ChainX suddenly skyrocketed to the surface with a large volume. I don't trust Exchange ChainX because of some history like P2PB2B which ended up manipulating the results of the IEO funds. some people have to give a negative Tag for Chainx exchange.
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Yes, in fact crypto will also be very good if it is regulated in regulations, because it can eradicate scammers who are already very rampant at this time, only when there are rules, how the procedure works will also be different and it will also affect the progress of crypto itself. 
ChainX is one of these new exchanges which conducts IEO. Although I have never heard any scam allegations against them but I do know that Chainx exchange would not be better than the likes of P2PB2B exchange that indulges in wash trades. Traders just need to be extremely careful with the kind of exchanges they trade their coins.
IEO on ChainX is sold out but tokens don't have volume when traded, so who buys all the tokens and doesn't want to sell them anymore? Most likely ChainX manipulated everything ChainX is one of these new exchanges which conducts IEO. Although I have never heard any scam allegations against them but I do know that Chainx exchange would not be better than the likes of P2PB2B exchange that indulges in wash trades. Traders just need to be extremely careful with the kind of exchanges they trade their coins.
Exactly!
ChainX is one of these new exchanges which conducts IEO. Although I have never heard any scam allegations against them but I do know that Chainx exchange would not be better than the likes of P2PB2B exchange that indulges in wash trades. Traders just need to be extremely careful with the kind of exchanges they trade their coins.
I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Yes, but to openly be so open about scamming your own investors is ccrazy. Chainx exchange and ICO Pantera have to go to jail!
I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Yes, but to openly be so open about scamming your own investors is ccrazy. Chainx exchange and ICO Pantera have to go to jail!
One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
i don't know about this ChainX exchange but i am more familiar about how CoinMarketCapitlization manipulating thier listing from fake volume and other issues.maybe better not trust those exchange listed in CMC as what i also did years Back i only uses that site to check prices of top currency as i know thy can't manipulate or faked those top 20 cryptos.Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
but all in all?CMC is a damn trash site now,their days are over from being respectable to not trusted at all.
they screw up many times and that is enough for us not to believe in their statistics(though just like i said there are some exemptions.
I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Looks like Emjac are in trouble now after being exposed.
Not just in trouble but totally will be put in jail and must go to court for trial. People should be more wary about this projects that are collaborating with exchange just to fool people. Good thing I didnt pursue joining with their campaign last year which was halt due to some problems and conflict. Anyway, their project deserve to lose credibility for doing this expose on market.
Too bad for chainx they just started and now they are busted. I assume they will lose users slowly.
Yes, these are all jailable offences but countries are slow to act on regulations. You are right, chainx is a shit exchange and would open fast, die fast. They don't even have users to lose because its a bot exchange!
Looks like another exchange VINDAX getting called out for not allowing withdrawals once you deposit your coins!
https://bitcointalksearch.org/topic/vindax-scam-5230284
Another relevant thread here.
https://bitcointalk.org/index.php?topic=5231055.100
Mentions coinsbit, chainx, p2pb2b, latoken, sistemkoin. All shitty exchanges. Return us our money!
DO NOT TRADE at Chainx. They are not going to be licensed, since Korea has just announced lisensed.
Looks like Emjac are in trouble now after being exposed.
Not just in trouble but totally will be put in jail and must go to court for trial. People should be more wary about this projects that are collaborating with exchange just to fool people. Good thing I didnt pursue joining with their campaign last year which was halt due to some problems and conflict. Anyway, their project deserve to lose credibility for doing this expose on market.
Too bad for chainx they just started and now they are busted. I assume they will lose users slowly.
Yes, these are all jailable offences but countries are slow to act on regulations. You are right, chainx is a shit exchange and would open fast, die fast. They don't even have users to lose because its a bot exchange!
Looks like another exchange VINDAX getting called out for not allowing withdrawals once you deposit your coins!
https://bitcointalksearch.org/topic/vindax-scam-5230284
Another relevant thread here.
https://bitcointalk.org/index.php?topic=5231055.100
Mentions coinsbit, chainx, p2pb2b, latoken, sistemkoin. All shitty exchanges. Return us our money!
Looks like Emjac are in trouble now after being exposed.
Not just in trouble but totally will be put in jail and must go to court for trial. People should be more wary about this projects that are collaborating with exchange just to fool people. Good thing I didnt pursue joining with their campaign last year which was halt due to some problems and conflict. Anyway, their project deserve to lose credibility for doing this expose on market.
Too bad for chainx they just started and now they are busted. I assume they will lose users slowly.
Yes, these are all jailable offences but countries are slow to act on regulations. You are right, chainx is a shit exchange and would open fast, die fast. They don't even have users to lose because its a bot exchange!
Looks like another exchange VINDAX getting called out for not allowing withdrawals once you deposit your coins!
https://bitcointalksearch.org/topic/vindax-scam-5230284
Looks like Emjac are in trouble now after being exposed.
Not just in trouble but totally will be put in jail and must go to court for trial. People should be more wary about this projects that are collaborating with exchange just to fool people. Good thing I didnt pursue joining with their campaign last year which was halt due to some problems and conflict. Anyway, their project deserve to lose credibility for doing this expose on market.
Too bad for chainx they just started and now they are busted. I assume they will lose users slowly.
Yes, these are all jailable offences but countries are slow to act on regulations. You are right, chainx is a shit exchange and would open fast, die fast. They don't even have users to lose because its a bot exchange!
Looks like Emjac are in trouble now after being exposed.
Not just in trouble but totally will be put in jail and must go to court for trial. People should be more wary about this projects that are collaborating with exchange just to fool people. Good thing I didnt pursue joining with their campaign last year which was halt due to some problems and conflict. Anyway, their project deserve to lose credibility for doing this expose on market.
Too bad for chainx they just started and now they are busted. I assume they will lose users slowly.
Woww, thanks for this heads up @OP because I was thinking of really going on into that project. It's too bad that these days all projects want to pay for exchanges to manipulate their coin on an exchange. I guess we have to be extra vigilant these days as these altcoin scams have started rising.
You are welcome. I think altcoin scams have always been high. The problem is that they find a complicit exchange that is willing to scam their users for a few dollars. In this case, ChainX is some new exchange with no new users so they can easily wash the volumes to sky high since its only machines and bots there.
What this also means is that when you conduct an IEO on ChainX, unless you scam people, you cannot succeed, since there's no one there!
Be vigilant everyone!
Woww, thanks for this heads up @OP because I was thinking of really going on into that project. It's too bad that these days all projects want to pay for exchanges to manipulate their coin on an exchange. I guess we have to be extra vigilant these days as these altcoin scams have started rising.
For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.
We should stay away from new exchanges.
Yea the issue is not every project gets to go on Binance. Also, it must be prohibitively expensive to do so. What happens then is that some smaller exchanges will fill the demand but some of them are just so untrustworthy like ChainX and ICO Pantera!!!
Emjac has started to sue 4 members of their core team after this news has been exposed. **Grabs popcorn**
Emjac seems to not even be replying this thread anymore. They are running and hiding.
This is the reason why I don't trust the new exchange platform they are manipulative I am not saying all of them are.
And also the reason why I don't trust the IEO's that came out from P2PB2B as I see it most of their project always end up dumping or low value.
And their exchange has been having negative feed backs for so long.
And also the reason why I don't trust the IEO's that came out from P2PB2B as I see it most of their project always end up dumping or low value.
And their exchange has been having negative feed backs for so long.
So true. And now we know why! From this document, you know that exchanges like ChainX and P2PB2B are colluding against its users to dump the token price against the users like the users are food for chickens.
I hope someone sues them for illegal behavior or collusion.
For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.
We should stay away from new exchanges.
Yea the issue is not every project gets to go on Binance. Also, it must be prohibitively expensive to do so. What happens then is that some smaller exchanges will fill the demand but some of them are just so untrustworthy like ChainX and ICO Pantera!!!
Emjac has started to sue 4 members of their core team after this news has been exposed. **Grabs popcorn**
This is the reason why I don't trust the new exchange platform they are manipulative I am not saying all of them are.
And also the reason why I don't trust the IEO's that came out from P2PB2B as I see it most of their project always end up dumping or low value.
And their exchange has been having negative feed backs for so long.
And also the reason why I don't trust the IEO's that came out from P2PB2B as I see it most of their project always end up dumping or low value.
And their exchange has been having negative feed backs for so long.
For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.
We should stay away from new exchanges.
STAY AWAY FROM SCAM SCAM SCAM CHAINX!!
For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.
We should stay away from new exchanges.
Yea the issue is not every project gets to go on Binance. Also, it must be prohibitively expensive to do so. What happens then is that some smaller exchanges will fill the demand but some of them are just so untrustworthy like ChainX and ICO Pantera!!!
Emjac has started to sue 4 members of their core team after this news has been exposed. **Grabs popcorn**
For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.
We should stay away from new exchanges.
Yea the issue is not every project gets to go on Binance. Also, it must be prohibitively expensive to do so. What happens then is that some smaller exchanges will fill the demand but some of them are just so untrustworthy like ChainX and ICO Pantera!!!
For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.
We should stay away from new exchanges.
Looks like Emjac are in trouble now after being exposed.
I do not know what the OP stand to gain in all these saga, because the way he is going about it, it seems it is personal to him/her.
I am always skeptical of all these exchanges that people rarely use, low liquidity having huge trading volume. even I blind man will know that this is an obvious scam. What the OP presented is not new, we have seen this over and over again played out in the space, I do pity all these retail investors because the game has already been rigged against them.
I am always skeptical of all these exchanges that people rarely use, low liquidity having huge trading volume. even I blind man will know that this is an obvious scam. What the OP presented is not new, we have seen this over and over again played out in the space, I do pity all these retail investors because the game has already been rigged against them.
I am OP, and this case is indeed personal to me!
I do not know what the OP stand to gain in all these saga, because the way he is going about it, it seems it is personal to him/her.
I am always skeptical of all these exchanges that people rarely use, low liquidity having huge trading volume. even I blind man will know that this is an obvious scam. What the OP presented is not new, we have seen this over and over again played out in the space, I do pity all these retail investors because the game has already been rigged against them.
I am always skeptical of all these exchanges that people rarely use, low liquidity having huge trading volume. even I blind man will know that this is an obvious scam. What the OP presented is not new, we have seen this over and over again played out in the space, I do pity all these retail investors because the game has already been rigged against them.
One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Exactly. CMC is not trustworthy, Coingecko trusted score is much better.
I also agree with you that p2pb2b and chainx are not to be trusted.
Take care everybody! Hodl on but be careful of scam exchanges!
Still... if CMC is considered the one source of truth for many people in the crypto space, then it has to be able to root out bad behavior from exchanges like ChainX which is just washing their way up or planning bad IEO together with ICO Pantera!
One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Exactly. CMC is not trustworthy, Coingecko trusted score is much better.
I also agree with you that p2pb2b and chainx are not to be trusted.
Take care everybody! Hodl on but be careful of scam exchanges!
If this information is true, then this is a big scandal in the world of crypto. The people behind this all deserve to be rewarded, because many people's funds are at stake. More and more fraudulent exchanges require us to be more careful in choosing IEO projects
It looks like this case has been picked up by Crypto Vigilante Network, and verified to be true.
https://t.me/cryptovigilantenetwork/70678
Everyone be careful of ChainX and ICO Pantera! Stay away from scammers like them!
It is because of this that regulation needs to exist, but with regulation the initial purpose of cryotp is gray. But for the sake of safety all things like this need to be banned the culprit must be arrested
I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
Probably just another P2PB2B exchange in the making. For those who are not familiar with this exchanges, it suddenly shoots up to the top 1 in CMC as far as exchanges is concern. So it's pretty obvious that it has caught a lot of attention and it was found out that they are doing wash and fake volume trading.
So a mid-tier exchange launching an IEO is a red flag indeed. If Emjac really wanted to get their project on the top pages, better involved themselves with solid and reputable exchanges such as Binance. And now they've been exposed already and definitely will backfire on them.
So a mid-tier exchange launching an IEO is a red flag indeed. If Emjac really wanted to get their project on the top pages, better involved themselves with solid and reputable exchanges such as Binance. And now they've been exposed already and definitely will backfire on them.
I agree 100% with your analysis, although I have to say that it is not often that projects can get on Binance launchpad.
You are also right in saying that ChainX is trying to be like p2pb2b. As shared above, they have come up with false marketing from ICO Pantera, which is a sister company to ChainX and are now being exposed. This needs more eyeballs.
If this information is true, then this is a big scandal in the world of crypto. The people behind this all deserve to be rewarded, because many people's funds are at stake. More and more fraudulent exchanges require us to be more careful in choosing IEO projects
It looks like this case has been picked up by Crypto Vigilante Network, and verified to be true.
https://t.me/cryptovigilantenetwork/70678
Everyone be careful of ChainX and ICO Pantera! Stay away from scammers like them!
It is because of this that regulation needs to exist, but with regulation the initial purpose of cryotp is gray. But for the sake of safety all things like this need to be banned the culprit must be arrested
Probably just another P2PB2B exchange in the making. For those who are not familiar with this exchanges, it suddenly shoots up to the top 1 in CMC as far as exchanges is concern. So it's pretty obvious that it has caught a lot of attention and it was found out that they are doing wash and fake volume trading.
So a mid-tier exchange launching an IEO is a red flag indeed. If Emjac really wanted to get their project on the top pages, better involved themselves with solid and reputable exchanges such as Binance. And now they've been exposed already and definitely will backfire on them.
So a mid-tier exchange launching an IEO is a red flag indeed. If Emjac really wanted to get their project on the top pages, better involved themselves with solid and reputable exchanges such as Binance. And now they've been exposed already and definitely will backfire on them.
One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Coingecko rating is the only truth left in crypto space today, unfortunately we lose trust in coinmarketcap that have been my favorite since 2017, I hope coingecko will stick to the truth no matter what Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
All of the part of the document is written in proper English while the Private Funding part is not. It has grammatical errors and "maded" is not even an English word. It's easy to see that someone has manipulated the text.
A word document is not a proof enough. Anyone can make that document and we don't know whether that is the exact agreement between the two parties.
I'm not saying that I trust them but you need to produce enough proof to prove them doing such illicit behavior.
A word document is not a proof enough. Anyone can make that document and we don't know whether that is the exact agreement between the two parties.
I'm not saying that I trust them but you need to produce enough proof to prove them doing such illicit behavior.
I agree with that, "maded"
Not an official document by all means. So we don't know exactly the authenticity of the contract. But anyway, we know that there a lot of crypto exchanges that are doing the wash trading. But if it is very obvious, avoid that exchange as the likelihood of losing your money is very high. And it is good to expose the ChainX, at least people will be aware of such possible activity and be careful in dealing with them.I disagree with the "maded" part. There are many exchanges from countries that do not operate with first language English. It is entirely plausible that these exchanges simply have really shitty contracts.
I agree with your point that chainx should be avoided at all cost. Especially all IEO that are working with them. Stranger danger!
Recently I have seen Blockburn IEO hit their hard cap within some hours in ChainX exchange! I don't get it, because ChainX is new and they are known wash trading exchange! Are they followed same scam way in Blockburn IEO? Within a few months, Chainx came in the top rank in CMC, which is absolutely fake! Emjack is here since 2019
CMC doesnt really care on major statistics cause any volume they are uploading is based on what exchange shown. On the other note, the project emjac seems to be connected with the allegation made by OP, I think chainX will be morr controversy exchange same with yobit later on. 
All of the part of the document is written in proper English while the Private Funding part is not. It has grammatical errors and "maded" is not even an English word. It's easy to see that someone has manipulated the text.
A word document is not a proof enough. Anyone can make that document and we don't know whether that is the exact agreement between the two parties.
I'm not saying that I trust them but you need to produce enough proof to prove them doing such illicit behavior.
A word document is not a proof enough. Anyone can make that document and we don't know whether that is the exact agreement between the two parties.
I'm not saying that I trust them but you need to produce enough proof to prove them doing such illicit behavior.
I agree with that, "maded"
Not an official document by all means. So we don't know exactly the authenticity of the contract. But anyway, we know that there a lot of crypto exchanges that are doing the wash trading. But if it is very obvious, avoid that exchange as the likelihood of losing your money is very high. And it is good to expose the ChainX, at least people will be aware of such possible activity and be careful in dealing with them.
It seems there are 2 Panteras. The one we are talking about is ICO Pantera. Pantera Capital is not involved in any way, unless someone can prove they are the same outfit...?
All of the part of the document is written in proper English while the Private Funding part is not. It has grammatical errors and "maded" is not even an English word. It's easy to see that someone has manipulated the text.
A word document is not a proof enough. Anyone can make that document and we don't know whether that is the exact agreement between the two parties.
I'm not saying that I trust them but you need to produce enough proof to prove them doing such illicit behavior.
A word document is not a proof enough. Anyone can make that document and we don't know whether that is the exact agreement between the two parties.
I'm not saying that I trust them but you need to produce enough proof to prove them doing such illicit behavior.
Reasonable to be doubtful. It seems there is even a telegram group set up for projects and people that were scammed by ICO Pantera and Chainx. Most of it is written in Korean but it is clear they are angry. Even doxxing the founder and his girlfriend. The angst is real.
https://t.me/panteragroup_scam
With that said, you sound like you are defending this company. The document is not written in proper English. Looks so unprofessional, like written by a child.
All of the part of the document is written in proper English while the Private Funding part is not. It has grammatical errors and "maded" is not even an English word. It's easy to see that someone has manipulated the text.
A word document is not a proof enough. Anyone can make that document and we don't know whether that is the exact agreement between the two parties.
I'm not saying that I trust them but you need to produce enough proof to prove them doing such illicit behavior.
A word document is not a proof enough. Anyone can make that document and we don't know whether that is the exact agreement between the two parties.
I'm not saying that I trust them but you need to produce enough proof to prove them doing such illicit behavior.
If this information is true, then this is a big scandal in the world of crypto. The people behind this all deserve to be rewarded, because many people's funds are at stake. More and more fraudulent exchanges require us to be more careful in choosing IEO projects
It looks like this case has been picked up by Crypto Vigilante Network, and verified to be true.
https://t.me/cryptovigilantenetwork/70678
Everyone be careful of ChainX and ICO Pantera! Stay away from scammers like them!
One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Exactly. CMC is not trustworthy, Coingecko trusted score is much better.
I also agree with you that p2pb2b and chainx are not to be trusted.
Take care everybody! Hodl on but be careful of scam exchanges!
chainex.io/ and p2pb2b really can't be trusted even a lot of projects that fail if there is IEO there is really uncomfortable to look at if this keeps up and many projects are trapped too. hm
https://chainx.kr/ if IEO is here I think it will be better because KRW pairs are always great in selling and purchasing.
What do you mean by "trapped"? Like the users participate in the IEO but lost their money and do not collect the tokens because the withdrawals are blocked?
We need to get this news out and make sure common users like us don't be play a fool again. Chainx behavior is not good for crypto community grow.
I don't trust data from coinmarketcap and other market data trackers, sometimes they are either not updated or just pure manipulation. Even while visiting exchanges, sometimes bot just fake the trade except the coin is listed in a reputable exchanges without fake volumes.
Recently I have seen Blockburn IEO hit their hard cap within some hours in ChainX exchange! I don't get it, because ChainX is new and they are known wash trading exchange! Are they followed same scam way in Blockburn IEO? Within a few months, Chainx came in the top rank in CMC, which is absolutely fake! Emjack is here since 2019, I did not see anything good in that project, now with this suspicious way they are planning to dump their IEO investors! Shame for ChainX!
If this information is true, then this is a big scandal in the world of crypto. The people behind this all deserve to be rewarded, because many people's funds are at stake. More and more fraudulent exchanges require us to be more careful in choosing IEO projects
One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Exactly. CMC is not trustworthy, Coingecko trusted score is much better.
I also agree with you that p2pb2b and chainx are not to be trusted.
Take care everybody! Hodl on but be careful of scam exchanges!
chainex.io/ and p2pb2b really can't be trusted even a lot of projects that fail if there is IEO there is really uncomfortable to look at if this keeps up and many projects are trapped too. hm
https://chainx.kr/ if IEO is here I think it will be better because KRW pairs are always great in selling and purchasing.
I also just got to know this exchange, it seems to be a new exchange from Korea. In this market we always see FUD, even Binance exchanges have a lot of FUD every day, so we don't need to care about them. As long as our money is not stolen, it is enough
It is important to remain vigilant and keep protected against scam exchanges like ChainX and p2pb2b. I will never leave my coins in such exchanges that wash volume and trick customers in ieo. Shameless!!
I also just got to know this exchange, it seems to be a new exchange from Korea. In this market we always see FUD, even Binance exchanges have a lot of FUD every day, so we don't need to care about them. As long as our money is not stolen, it is enough
I don't trust new exchanges anymore, they have to be thoroughly investigated before using or investing in them, about coinmarketcap it's very discouraging because the CMC website is always the best in the past but not anymore, it's seem coingecko wants to offer what CMC couldn't and it's fine by me
So true. I completely agree with you. Even p2pb2b which has been not so new has constantly new scandals for their IEO procedures. A lot of nonsense scams go on to be their IEO. They do not care about due diligence, they only care about quick profits.
Coingecko is really much better than CMC I feel.
I don't trust new exchanges anymore, they have to be thoroughly investigated before using or investing in them, about coinmarketcap it's very discouraging because the CMC website is always the best in the past but not anymore, it's seem coingecko wants to offer what CMC couldn't and it's fine by me
One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Exactly. CMC is not trustworthy, Coingecko trusted score is much better.
I also agree with you that p2pb2b and chainx are not to be trusted.
Take care everybody! Hodl on but be careful of scam exchanges!
One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.
1. ChainX is a wash exchange - 9th on CMC, that has climbed on recent weeks. ChainX is a new exchange and offers IEO. We expose their scam.
2. We have received an explosive leaked document of how IEO on ChainX operates. ChainX and scam marketing agency ICO Pantera are owned by Ryan Won Lee (Korean).
3. In a leaked contract between ICO Pantera/ChainX and Emjac (IEO project - https://emjac.io/ ), there is a "Private Funding scheme". Quoting the contract,
"Selling the tokens through OTC after Listing and making Chart. For example you can make the price upper 1$ then sell the tokens at a low price. (Precautions 1 : if Chart is maded in korea, then selling the tokens in other countries like china etc.)"
4. What this means is that ChainX will manipulate the chart to show the price of Emjac at a fake high price, while selling the same tokens through OTC at a much lower price.
5. Any IEO participants and purchasers of Emjac on ChainX will get dumped, since ChainX is selling the tokens much cheaper outside the exchange. OTC purchasers of Emjac will be able to deposit into ChainX to dump against ChainX IEO participants.
6. According to the contract, ChainX will earn a further commission "from 5%" onwards.
7. Hence, it is exposed in this document that ChainX does the following:
8. ChainX is literally profiting out of their users, their crony OTC connections, and their project clients. Is there a more money-grabbing exchange?
9. Share this post to your friends. Let's protect crypto community from greedy criminal organizations like ChainX.
Attached: Leaked contract between Emjac and ICO Pantera/ChainX
https://anonymousfiles.io/fBCrUpdo/
2. We have received an explosive leaked document of how IEO on ChainX operates. ChainX and scam marketing agency ICO Pantera are owned by Ryan Won Lee (Korean).
3. In a leaked contract between ICO Pantera/ChainX and Emjac (IEO project - https://emjac.io/ ), there is a "Private Funding scheme". Quoting the contract,
"Selling the tokens through OTC after Listing and making Chart. For example you can make the price upper 1$ then sell the tokens at a low price. (Precautions 1 : if Chart is maded in korea, then selling the tokens in other countries like china etc.)"
4. What this means is that ChainX will manipulate the chart to show the price of Emjac at a fake high price, while selling the same tokens through OTC at a much lower price.
5. Any IEO participants and purchasers of Emjac on ChainX will get dumped, since ChainX is selling the tokens much cheaper outside the exchange. OTC purchasers of Emjac will be able to deposit into ChainX to dump against ChainX IEO participants.
6. According to the contract, ChainX will earn a further commission "from 5%" onwards.
7. Hence, it is exposed in this document that ChainX does the following:
- a. Manipulate the price chart of coins on ChainX. All ChainX volumes and prices are fake!
- b. Screw their own IEO participants by selling cheap tokens outside the exchange
- c. Allow the OTC purchasers to dump their tokens on their own IEO participants
- d. Earn a commission on all the OTC sales they make
8. ChainX is literally profiting out of their users, their crony OTC connections, and their project clients. Is there a more money-grabbing exchange?
9. Share this post to your friends. Let's protect crypto community from greedy criminal organizations like ChainX.
Attached: Leaked contract between Emjac and ICO Pantera/ChainX
https://anonymousfiles.io/fBCrUpdo/
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