Hello everyone! Today I want to share with you my thoughts on a thing that caught up my eye recently.
This thing is a presumably irresponsible behavior (or even scammy) of Credits - a blockchain platform, which concluded the ICO and started trading at the beginning of March.
There are several red flags about this platform already. If you are not familiar with them I recommend you to watch this amazing video by Ivan on Tech - one of the most competent crypto-youtubers in my opinion (the link to the video is at the end of the post).
In short, it says that the Credits' team is technical amateurs.
So, what can I add to this?
Some days ago I was browsing a local Russian jobs website and found this interesting post about ICO trader-analytic vacancy
It is all in Russian, I know, but if you translate it, you will know that Credits is looking for a person, who will trade and invest "mid-long term" for them.
Nothing bad you will say? In my opinion, it is not the right behavior, when you are a non-financial project, which aims to deliver a platform with stunning millions of transactions per second! (which also has not yet been able to prove its technical competence).
And with what money, I wonder? You may say that their founders have their own tokens and need just the right person to consult them about the right time for selling them. However, according to their presentation "Founders token will be frozen for a year". So, again, with what money? I don't have an answer for this other than "with yours, dear early contributors, with yours".
I have contacted their admins on Telegram and asked for clarification. 24 hours have passed but still haven't got a promised "response from the team". Some people in the chat said that Credits needs a person for market making, which was stated in their Whitepaper, however, for me, it is not convincing still.
This is what I think about the situation. My personal opinion. I urge you to do your own research and to come to your own opinions.
If you can educate me on how exactly they will utilize a trader/ICO analitic in their next-big-blockchain project, I will be happy to hear you out.
P.S. I'm a bit sick and very busy these days, so the Dogecoin fundamental analysis is coming the next week! Stay tuned :P
My Twitter: https://twitter.com/IvKrll
Medium: https://medium.com/@kirillivanovich
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Links:
Ivan on Tech about Credits
The vacancy: https://hh.ru/vacancy/24848610?query=ico%20%D0%B0%D0%BD%D0%B0%D0%BB%D0%B8%D1%82%D0%B8%D0%BA