$GSTOCK I’ll present a noteworthy piece of research to you; this is not good news at all for index-linked or “gifted” tokens. Things didn’t end very well... the same cycle continues.
Let’s list these robberies by dates: the chronological order of a two-way liquidity-drain mechanism—by moving an inflated illusion from the on-chain/crypto side into the traditional stock market (or vice versa)—and the concrete cases by date are as follows.
1. December 2017 - Long Island Iced Tea Corp \rightarrow Long Blockchain Corp, a company about to go under jumps by 280%.
2. January 2018 - Kodak \rightarrow KodakCoin & KODAKOne
3. April 2021 - BIT Mining (Former Name: 500.com)
4. July 2022 - Helbiz Inc. \rightarrow WheelCoin (MicroMobility.com)
There is no real stock in any custody institution, and the exchange company is not aware of the incident (or at most, the shell management is aware). The moment the liquidity pool is drained, the token on-chain is reset to zero, while at the exchange the stocks that were pumped with the news are sold to force a double bottom.
Now, okay—surely all these are the counterparts of these Stocks. But then, how will we be sure of the companies’ financial situation? So if I had to say it plainly: any project evaluation not subject to independent audit organizations using real, above-board data is something beyond reality. The incidents set up in City States of tax havens are nothing more than fraudulent operations transferred from there to here, as far as I can see.
$FLORK has only one real value here: every project that promises to deliver something indexed to $BTC is supported. It’s the only publicly traded company whose existence cannot be destroyed... If the FLORK team were to distribute that ecosystem tax to holders as dividends in BTC and include a portion in the liquidity pool, I think it would become a more reliable investment. By the way, that tax should also come down already—it’s very high. If you can buy and profit with BTC, why should we prefer you? The question is actually simple: even if it carries a cultural aspect, FLORK still addresses all our concerns economically...
#BinanceSquareFamily
Let’s list these robberies by dates: the chronological order of a two-way liquidity-drain mechanism—by moving an inflated illusion from the on-chain/crypto side into the traditional stock market (or vice versa)—and the concrete cases by date are as follows.
1. December 2017 - Long Island Iced Tea Corp \rightarrow Long Blockchain Corp, a company about to go under jumps by 280%.
2. January 2018 - Kodak \rightarrow KodakCoin & KODAKOne
3. April 2021 - BIT Mining (Former Name: 500.com)
4. July 2022 - Helbiz Inc. \rightarrow WheelCoin (MicroMobility.com)
There is no real stock in any custody institution, and the exchange company is not aware of the incident (or at most, the shell management is aware). The moment the liquidity pool is drained, the token on-chain is reset to zero, while at the exchange the stocks that were pumped with the news are sold to force a double bottom.
Now, okay—surely all these are the counterparts of these Stocks. But then, how will we be sure of the companies’ financial situation? So if I had to say it plainly: any project evaluation not subject to independent audit organizations using real, above-board data is something beyond reality. The incidents set up in City States of tax havens are nothing more than fraudulent operations transferred from there to here, as far as I can see.
$FLORK has only one real value here: every project that promises to deliver something indexed to $BTC is supported. It’s the only publicly traded company whose existence cannot be destroyed... If the FLORK team were to distribute that ecosystem tax to holders as dividends in BTC and include a portion in the liquidity pool, I think it would become a more reliable investment. By the way, that tax should also come down already—it’s very high. If you can buy and profit with BTC, why should we prefer you? The question is actually simple: even if it carries a cultural aspect, FLORK still addresses all our concerns economically...
#BinanceSquareFamily