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/biz/ - Business & Finance

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13551846 No.13551846 [Reply] [Original]

Just been sent this by a pal.

DYOR chaps.


Fantom Recap

1. Mainnet is not live yet.

2. Leader of Fantom literally stole millons from people invested in the project itself while colluding with Jake Choi (CMO).

3. Jake Choi is still on board (good luck!)

4. Unknown whether Joseph Jang stole funds directly from the project* or not (probably did because he had access to the Ethereum and the contract itself since he was the Chief Operating Officer - in other words, the head fucking honcho).

5. Other team members covered it up. Tried to pretend like they addressed it by only putting out a Telegram message because they didn't want to draw larger attention from people like myself that were going to dig into that and probably find out everything that I'm telling you right now.

6. Used more investor funds to pay back investors that were ripped off by their boss before their boss exit scammed them so that those investors would not destroy the project with lawsuits.

7. Lied about what they raised in the crowdfunding (I showed this pretty definitively above in this channel).

8. Even when the team members did address what was going on, they tried to minimize it by stating that Jang "attempted to borrow" funds from team members when, in fact, he did successfully borrow funds (a significant amount at that) and then never paid back ANY investors.

9. There are no financial records or information for Fantom (they could be insolvent or maybe they aren't; most likely they are).

10. All of the crypto for the project has been liquidated.

None of this is "FUD", its the God's honest truth and a lot of the major investors that were ripped off by Jang will confirm this if you ask them because they don't like the fact that they got screwed by Jang.

Also Andre Cronje, the guy credited with putting FTM back on track with coding and being the face of all the youtube interviews, has walked away.

>> No.13551866

thanks anon - i'm going all in

>> No.13551899
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13551899

>>13551846

And you're sharing all this info out of the kindness of your heart huh? Yeah /biz/ and business don't work that way. You have a motive and it isn't to protect your fellow man.

Get your larp FUD out of here.

>> No.13551919

>>13551846
where can i buy this? IDEX or Kucoin? which has more volume? going for the validator node, 3 million FTM will give me 15% staking rewards for live. comfy af.

>> No.13551924

>>13551899
Bro I know nothing about FTM but a pal sent me this and I felt like stirring some shit.
As I said at the top, DYOR.

>> No.13551925

>>13551919

Hi can you explain to me how validator nodes and staking rewards work

>> No.13551943

>>13551924
Your pal is a chap, pal.

>> No.13551961

>>13551924
>>13551943

then where is the proof of these messages besides you just typing bs on 4chan

>> No.13551970
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13551970

UPDATE: *FANTOM CODE IS BROKEN AND UNFIXABLE*. Michael Kong says the network cannot reach consistent consensus with more than 70 nodes in the system, and he doesn’t know why.https://youtu.be/QOmwxbsthWc . FANTOM IS GOING DUMP TO 0

*WARNING: The people behind Fantom are criminals*

Fantom was an ICO scam. They only had a white paper and that was a copy paste of Hashgraph's whitepaper. They lied about having 300,000 TPS (it will have only a few thousand TPS at mainnet). The gook founder doesn't know how to code, and the team were all fake. None of the original team are left. All their partnerships are fake (there is no substance behind them)

The FTM team also tried to steal money from the 100,000 people who tried to get into their fake public ICO. They sent us a scam email telling us we were accepted and to send ETH to the wrong wallet (their personal wallet)

They begged Andre Cronje to build something for them. Andre has been involved with several other scams like Cryptocurve and FUSION

Fantom recently pumped and dumped their token. They used the ETH they raised from ICO to buy back FTM tokens at the bottom after the price crashed. They then got their team and bots to shill non stop on Twitter to pump the price, and used a wash trading bot to create fake volume. They paid off crypto youtubers like chico crypto who expose scams, to stop them from exposing FTM as a scam. They sold their tokens at ATH, and stopped shilling, turned off the wash trading bot and let the price free fall so they could buy back at under 100 sats to pump and dump again (around mainnet time in Q3).

I was the anon that shilled FTM on biz. I misled and outright lied to you. Fantom is not "Ethereum, but without the scaling problems".. it's just a smart city meme shitcoin. Andre Cronje isn't "like having Vitalik as your core developer", hes just a blogger.

Andre Cronje said he is decreasing his blockchain focus. He has stopped committing code for over a month. He doesn't hold any Fantom

>> No.13551982

op, iv'e been telling these dumb fuycks on biz fantom team are criminals for months.. but sme still hold and make shill posts on here.. dumb fucking morons

>> No.13551986

Anyone contest what this retard said,
I’m still all in

>> No.13552010

>>13551982
>Fellow Pajeet, Iv been delling dees dumb focks on beez fantum team are criminal for month... I buy at 300 satoshi and sell at 140 satoshi, fantom team make me lose money, sm still hold and make post on here, fucking moron! Fellow Pajeets rise up and help me FUD the fantoms!

>> No.13552040
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13552040

>>13551846
Fuck. Someone link the pastebin! Stop this fud reeeeeee

>> No.13552058

>>13551925
You need about 3.2 Million FTM to run a Validator Node and earn 15% ROI per year. It's like dividends. If you stake $100k you get $15k ROI per year.

If you have less than 3.175 Million FTM you can still stake your tokens and you get slightly less ROI, i think you get 12% staking reward.
70% of total supply will be staked

SEE: https://medium.com/fantomfoundation/fantom-improvement-proposal-1-proof-of-stake-fip-1-17bbbe225e70


>>13551924
>>13551982
>>13551986
>>13552010
>>13551970
Nig listen, EVERYTIME you post this garbage you gonna get the BTFO pastebin link. Over 1000 anons have already read the pastebin and know you are a lying cuck who sold the absolute bottom. The latest version of the pastebin (V6) alone has over 300 views, tread lightly, you are doing more harm than good by keeping this spam campaign going.

------

MESSAGE TO ALL FANTOM CHADS:

Please help newfags and weak hands by posting the FTM BTFO pastebin manifest whenever you see the faggot posting his copypasta FUD

Just bookmark the link and post it to shut-down the fudders with their lies.

FTM FUD BTFO - Must-read:
https://pastebin.com/5aPVtpUC

For the record, i am not against valid criticism. I just hate lying faggots that make shit up, like the "Fantom was an ICO scam" pasta faggot that shits in every thread lately...


——


FTM is a top 50 coin. And fudders got btfo. Straight from Michael Kong:

"Andre signed a paid CTO contract in October 2018. Fantom has also paid for his travel expenses since July 2018. His current contract expires in May 2019. He plans to stay on. More details will be released."

"Andre is overseeing the development of Lachesis by sfxdx, offscale, Quan Nguyen, Peter badenhorst, Anton Neil and others. He is also focused on closing partnerships for use cases post-mainnet, of which many details haven’t been released publicly yet, exchanges, and publicly representing Fantom like on interviews he does."

In essence Fantom is one of his main focuses. LETS GO!

>> No.13552314

Surely the FUD spam is out of the goodness of his heart and with no alterior motives.

>> No.13552364

>>13551846
Where can I buy this coin anyway? I keep seeing it and I think it's fuckton less scamy than the rest of the shit biz shills

>> No.13552382

Ftm will not be the next eth you dumb fucks. The next erh is a meme. Eth is the next eth.

I cant fathom why you fucks pour your money into shit like this. Its just gambling. Black jack has better odds and they give you free drinks.

>> No.13552478
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13552478

>>13552382

Everything is going to moon only a few alts will exponentially moon. FTM is one of them.

>> No.13552483

>>13552364
Idex and kucoin
>>13552058
You’re doing gods work anon, keep these dirty pajeets away from our chad coin

>> No.13552504

>>13552382
Eth cannot scale

>> No.13552528

Looks like this guy tried to "research" Fantom and is the one behind all the FUD posts.

https://twitter.com/proofofresearch?lang=en

He demanded ~2 BTC from the Fantom team for his research "efforts"

When they refused to pay he started inventing FUD. He hasn't revealed anything that Andre/team hasn't said already. Funny how it's only one bitter man trying to FUD this project.

>Muh Mainnet is not live yet!

>> No.13552534

>>13552504
>he hasn’t heard about the latest progress of eth 2.0
This is why you’re dumbass will never make it. Congrats

>> No.13552598

>>13552528

Yeah I figured it was something like that. The fact the FUD is so weak is a buy signal to me just bought 100k more

>> No.13552866

>>13551846
1. > mainnet not launched
They are saying Q3 brainlet.

4 > is unknown
Arguing unknowns. The. Assuming the worst.

5> Other team members tried to cover up said unknown as alluded to in point 4.

Is it known or unknown? If so do you have telegram proof of the “cover up”?

6> expanding from point 4 unknown

Proof?

7 > shown lying in channel
Proof ? Screen shot or something?

9. > financials not known

Since when do crypto’s report financials?! Go invest in stocks if you want financial statements.

10. > all crypto liquidated.
That’s a good thing, do you think it’s bullish for them to ride eth down to $100 something from when they ico’ed?

>> No.13552879

>>13552866

BTFO.

Notice OP left the thread after his PATHETIC FUCKING FUD.

>> No.13552936

>>13552879
Also he was sent the FUD from a pal yet promoting “DYOR” op is a retarded faggot.

>> No.13553535

>>13552364
honestly read the pastebin fren. get a suicide stack of 250k FTM and just forget about for 2 years, this is the HOT of 2019 and extremely undervalued atm.
>>13552382
i liquidated 60% of my ETH after seeing vitalik in this video: https://youtu.be/j7MeJionPMA ETHEREUM LOST ALL CREDIBILITY.Its slow and won't scale in the next 3 years. Embrace change faggot. FTM fully supports ETH smart contracts, switching to FTM is a matter of minutes for Solidity devs.
>>13552866
everything's debunked in the pastebin
https://pastebin.com/5aPVtpUC

>> No.13553689

>>13551846
>Also Andre Cronje, the guy credited with putting FTM back on track with coding and being the face of all the youtube interviews, has walked away.
He hasn't, check his LinkedIn you absolute retard. He still works there.