Topic: The greed of SMART developers has no limits (Read 161 times)

An interesting coin that is not represented on this forum.

But after a close examination, some unflattering circumstances have been clarified that call into question the advisability of long-term investments in this coin.
Not only that the developers take 80% of the coined coins for the development needs of the community (we read their needs), so they also select the promised profit from honest investors, charging themselves additional interest on these huge amounts of coins.

Below I post my post on the local official forum, which has remained unanswered.


"I welcome all members of the SMART community!

I have long thought about what really can unite so different people in one team.
And I came to the conclusion that the unifying factor could be - JUSTICE.

JUSTICE in everything - from the transparent distribution of coins mined to the transparent and FAIR use of them.

Probably all of us, the owners of different number of coins that are being saved under the SMARTREVARDS program, are concerned with the issue of their preservation and augmentation, and also worries about the decrease in the attractiveness of investments in SMARTREVARDS due to the SMARTREVARDS effective monthly rate decrease and the low market value of the coin on the exchanges.

The reason for this is too many coins that take part in the accrual of SMARTREVARDS.
And most of these coins do not belong to ordinary miners and are not even bought on the stock exchange, but belong, in particular, to people from the SmartHive Support team who have their coins received when distributing the share of mining for SmartHive (which is 80% !!! coins) are also deposited under the SMARTREVARDS program, while receiving very large sums.

Everyone can see this by looking at these transactions:

https://explorer.smartcash.cc/tx/97a08c419f9c773c022026a7c90fbe70d648df5eae408735d771356aad66da659

from the wallet SmartHive Support money is transferred to another wallet - SbrrfmSVfPEihRiLTeXDVqwKHw9XHJ8T5H,
which is now TOP-6 by the number of SMART.
This wallet only in October received payment on SMARTREVARDS at a rate of more than three million SMART!

https://explorer.smartcash.cc/tx/9290115c30e926ae1ee0bcd9f707669bbe035087a05a6aab75d23a742311016e6

And this is not the only case when the huge funds of SmartHive (80%) additionally benefit in the form of SMARTREVARDS, thus depriving them of the opportunity to gain significant benefit from other members of the SMART community. I think many wallets from the TOP-100 do the same.

Ask yourself - do you consider this fact FAIR?
FAIRLY, getting 80% of the total amount of coins, also claim the pathetic bits of SMARTREVARDS, taking them away from ordinary investors?

I believe that if a strong-willed decision is made and money is transferred from these wallets today, thereby eliminating their participation in the SMARTREVARDS program, then the effective rate of SMARTREVARDS for the month of November may be more than 100%, and probably much more!"