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One day i was bored enough that i spent far too many hours doing some minimal research into a investment vehicle that was the newest craze at the other site. At first glance it seemed like a typical high quality investment opportunity that i've come to expect from that site. The run-of-the-mill MLM project with zero utility and built in Dev abuse constant. The MLM side works with the standard psychological manipulation angle and the nominal 16% tax guarantees that it's absolutely predatory. I guess the biggest reason to spend any time looking into things was that somehow otherwise reasonable people didn't see what was obvious. What the OP was offering was complete utter shit when it provided exactly what he was advertising. No additional scam/fraud was required.
Now since we can't discuss about this on the other site i would like use this thread to dump stuff i picked up, thought about and wouldn't mind any additional information/help.
Cliff¨s below of some general thoughts where the players are/where they come from.
I'm reasonably sure that the large majority of the training group has no idea they are doing something shady/criminal. It's just the type of environment where predators find their way. Mostly thinking the about the It's always sunny episode about a child pageant.
They appear to be very open about their actions and maintain an easily trackable online presence.
The public head of the group, John whatever, seems like a typical true believer/recent convert. He obv has background in MLM or somewhat legal network marketing. He was peddling some healing crystals in 2019 or something like that. He has made his peace with that side of predatory behavior.
The simple reason why i think they think they're not doing anything harmful is the fact that they are publicly speaking about blatant market manipulation as developers/marketers of a project.
The Miqochi guy on the other hand has limited his online presence in the last few days and obv tries to avoid any personal details from the get go. That's what a scammer would do. Also fairly sure he is BS:ing about his level of "expertise".
The product they felt was worth investing in is childishly bad. It's even bad for a scam. Depending how things play out ETH network likely makes the most out of the project off raw fees. And that might be why they intend to launch another coin.
Almost 2 months after launch they either have added some basic functionality to etherscan or it's just how amazing ether network is. Now you can actually find the coin in search. The creator and contract are properly named. It now correctly shows holders account balances. It's still missing all the burn information and doesn't show fee distribution in analysis function.
The burn wallet is now properly shown as the second biggest holder of the coin. It's at 4,052b now. Currently it only grows about 1-2 million a day. I think in the first 5 days it pretty much collected most of it's 1b+ growth. Such as when one of the early accounts was wash trading the price of the coin in the 0,02ETH per 1b TRTH region. He first bought 10 1b coin batches and then was able to resell 9 of those. Zero effort was spent hiding what he was doing. Their tax and gas fees burned the last billion.
I found test network account where the original dev was testing the launch and different burn events. I think shortly after that he scrapped the 3% burn idea. Even with the current burn mechanics it's impossible to pump the coin to 1 cent and have 50b coins left.
Anyways currently i'm mostly interested in the history of the Miqochi guy. What other groups is he involved in. At what point was he connected to the previous project that he "reluctantly" had the group involved with. What wallets is he controlling. How and when is he planning to fuck over the training group with an exit event. I generally assume he is already profiting off the group. I just don't have any specifics.
And the last paragraph is what i need help with. Also a look at the smart contract would be helpful.
Ze contract...
https://etherscan.io/address/0xc57BE...7B179319B3cc9B
...and the previous investment opportunity the group was involved with...
https://tronscan.org/#/token20/TPrDk...QXGcdL/holders
...does have some utility one day maybe, but is somehow even more predatory that TRTH. I believe they were in the presale where they got tokens for 10cents a piece, but they are partly locked for 2 years. Briefly visited 14$ and then swooped to 3$ region. Was briefly pumped in sync with TRTH in the last week or so.
Now since we can't discuss about this on the other site i would like use this thread to dump stuff i picked up, thought about and wouldn't mind any additional information/help.
Cliff¨s below of some general thoughts where the players are/where they come from.
I'm reasonably sure that the large majority of the training group has no idea they are doing something shady/criminal. It's just the type of environment where predators find their way. Mostly thinking the about the It's always sunny episode about a child pageant.
They appear to be very open about their actions and maintain an easily trackable online presence.
The public head of the group, John whatever, seems like a typical true believer/recent convert. He obv has background in MLM or somewhat legal network marketing. He was peddling some healing crystals in 2019 or something like that. He has made his peace with that side of predatory behavior.
The simple reason why i think they think they're not doing anything harmful is the fact that they are publicly speaking about blatant market manipulation as developers/marketers of a project.
The Miqochi guy on the other hand has limited his online presence in the last few days and obv tries to avoid any personal details from the get go. That's what a scammer would do. Also fairly sure he is BS:ing about his level of "expertise".
The product they felt was worth investing in is childishly bad. It's even bad for a scam. Depending how things play out ETH network likely makes the most out of the project off raw fees. And that might be why they intend to launch another coin.
Almost 2 months after launch they either have added some basic functionality to etherscan or it's just how amazing ether network is. Now you can actually find the coin in search. The creator and contract are properly named. It now correctly shows holders account balances. It's still missing all the burn information and doesn't show fee distribution in analysis function.
The burn wallet is now properly shown as the second biggest holder of the coin. It's at 4,052b now. Currently it only grows about 1-2 million a day. I think in the first 5 days it pretty much collected most of it's 1b+ growth. Such as when one of the early accounts was wash trading the price of the coin in the 0,02ETH per 1b TRTH region. He first bought 10 1b coin batches and then was able to resell 9 of those. Zero effort was spent hiding what he was doing. Their tax and gas fees burned the last billion.
I found test network account where the original dev was testing the launch and different burn events. I think shortly after that he scrapped the 3% burn idea. Even with the current burn mechanics it's impossible to pump the coin to 1 cent and have 50b coins left.
Anyways currently i'm mostly interested in the history of the Miqochi guy. What other groups is he involved in. At what point was he connected to the previous project that he "reluctantly" had the group involved with. What wallets is he controlling. How and when is he planning to fuck over the training group with an exit event. I generally assume he is already profiting off the group. I just don't have any specifics.
And the last paragraph is what i need help with. Also a look at the smart contract would be helpful.
Ze contract...
https://etherscan.io/address/0xc57BE...7B179319B3cc9B
...and the previous investment opportunity the group was involved with...
https://tronscan.org/#/token20/TPrDk...QXGcdL/holders
...does have some utility one day maybe, but is somehow even more predatory that TRTH. I believe they were in the presale where they got tokens for 10cents a piece, but they are partly locked for 2 years. Briefly visited 14$ and then swooped to 3$ region. Was briefly pumped in sync with TRTH in the last week or so.
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