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Safcoin scam / Very little actual detail on the website / The white paper says nothing, eg: they refer to their auditor, but don't name them / They talk about the team and how great they are, but never name any team memembers
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Another local crypto scam, this time called Safcoin / 500k offered at R70 = R35m (nice work if you can get it) / After ICO 5m will flood market / No details on how I can mine / Paying referrals (always dodge) / Lots of paid copy (such as link below)https://www.iol.co.za/personal-finance/guides/how-to-become-a-cryptocurrency-investor-with-just-r70-16192747 …
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Safcoin scam / The Safcoin itself seems to just be from http://cryptocoincreator.com which anybody can use to create a coin / They refer to their auditors, but again never name them / They member of World Blockchain Association, but so can anybody and it free
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An no time line .. when do these 500k
#Safcoin start trading and how / when is the massive supply of 5m (or 22billion) going to hit the market ?!Show this thread -
when
#Safcon starts 'trading' with 500k pre sales .. lots of supply (we ignoring the other 5m or is it 222bn) coins floating out there) .. but zero demand .. a lot of people wanting to cash in their 'profits' .. iow massive over supply and price crash is the only answerShow this thread
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I'm wondering how much
@SundayTimesZA Was paid for this https://www.timeslive.co.za/sunday-times/business/2018-10-29-south-africans-have-a-chance-to-invest-in-cryptocurrency-for-the-price-of-a-takeaway-meal/ … Do they not do *any* research?!? /cc@AngeliqueArdeThanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks for the information. Good catch.
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Very fishy - not only suspicious in terms of what activity this coin will support (other than being "African" - an irrelevant point in terms of crypto), but also an indictment against IOL's credibility. Wouldn't be surprised to see Sergei M's involvement here...
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Or not, I see the old bandit is no longer with us. That didn't make the news.
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I never take them seriously,I will stick with the stock market,thanx for sharing
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Final comment Simon. I know Clive invested into Sun Exchange here https://thesunexchange.com Dunno how its doing. Fyi. Cheers. Ryan
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And.. $5 for pre-ico token. Even if they were legit, they nutz!!! Many cryptos pre-ico at well under $0.30. I also not yet seen a crypto launching with under 6m tokens. Most 50mn - 100mn - 1bn tokens.
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agreed, but the coin creator page says 222,222,222,222 created ?! https://www.cryptocoincreator.com/currency/safcoin/client/faqs.php …
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That number looks well dodge
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I saw this on
@IOL and I could only think of pipcoin, same kinda BS. I don't think our people are gonna fall for this crap again, but wait....its south Africans we are talking about here, rather wait and see.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Pretty sure there is a case to be made to hold
@IOL accountable for promoting a Ponzi.@mybroadband had a similar blunder where they promoted a Ponzi last year despite numerous warnings from the public. -
This and the other post they did on it are both adverts. They disguise their adverts as articles and publish it which is a deceptive. The coin whitepaper is a joke and looks super dodgy.pic.twitter.com/75H716F6cE
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What solution or productivity does Safcoin offer that makes it a good value offering? Also just had to google: deobfuscating, if their auditors can do that, I am impressed.
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Yip. To me.. if a crypto has no clear usecase, stay away.
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