/biz/ - Business & Finance

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>Mercury Protocol ICO's an ERC20 token called GMT
>BACKED BY MARK CUBAN, TECH MOGUL AND THE BILLIONAIRE OWNER OF THE DALLAS MAVERICKS, BRO
>Investors flood in on Etherdelta etc
>6 months pass
>Millions in GMT sold
>Developers suddenly request all exchanges delist GMT, annihilating all liquidity
https://github.com/forkdelta/tokenbase/issues/906

>Development stops soon after
>Coin dies


And now he's on the internet being sanctimonious about FTX
You gotta love it

>>13385036
So the creators can get paid, of course. Just need some useful idiots to pump it.

>Tfw Mark Cuban shilled an erc20 pump and dump
>Description: Dear ForkDelta, please delist Mercury Protocol's GMT utility token. Trading of GMT is not allowed by the original terms of sale. Thank you, Ryan Ozonian.
See it here on forkdelta's Git
https://github.com/forkdelta/tokenbase/issues/906

They allowed the token to be traded all this time.
GMT twitter 6 months ago: "We can't comment on anything exchange-related"
Now they suddenly are able to plainly state "Trading of GMT is not allowed by the original terms of sale"

Ozonian on secondary buyers' tokens evaporating:
>I think you should direct your anger towards the sellers and exchanges, not at me. At any time we could have been contacted by interested secondary market buyers to provide our original terms of sale (see my second comment above for the terms), and would have notified those potential buyers that we do not support secondary markets.
So the Mercury team violated their own terms of sale, dumped their bags on exchanges, and now it's your fault for buying it.