is this a scam? any truth to some of the FUD?
Is this a scam? any truth to some of the FUD?
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search fantom scam on warosu
Fantom at the peak of the ico got massive amount of funds. 40m. There was clearly a team member or two being Korean that was money grabbing and not to be trusted. So yeah there is some past mess. BUT Andre Cronje starting advising and really the project is fucking brilliant now. It's got more academic research than Cardano ever had and has the best scalable and fast solution in crypto. Whatever happened in the past cannot argue against the tech. Also they DO have the UAE as client as well hopefully the Central Bank of South Africa. Tech wise it's better than Hashgraph. Finality under a second. It's what wth 2.0 would love to be now.
at this point i dont think it even matters if they have big clients or not. the tokenomics are solid and the DeFi stack will have tons of usage if it works on release.
thanks I will stay away from it for now. there are some red flags here for sure
>literal incel doesn't know how to read
No. Im saying it had some messy social issues early on. This has no bearing on the tech you fucking reddit newflag.
>is this a scam?
could be a little more al dente
>tokenomics are solid
>DeFi stack will have tons of usage
how many TPS can this do?
20k on Xar, opera can theoretically do an infinite amount, or some absurdly high number over 1M+, because the tech scales the more nodes you add.
but right now it is crippled by the EVM, so they are developing another one in sydney, Australia.
So much to say about Fantom. Anecdotally its Hashgraph but scalable, fast, decentralised, cheaper and open source. The main developer is Andre Cronje who is the guy we all have been reading on Cryptobriefing when we want solid code reviews we can trust.
aside from the tech probably being the best consensus in crypto right now there are a couple of major reasons this is a long term hold and will rise a lot in the coming weeks.
There is staking model to bootstrap the chain, this will almost definitely mean 50% or more is locked up for 6 months. So far 20% is but the main wallet with one click staking will be out on the 7th Jan so most people will stake including me.
But the real killer is already they have South African banks about to deploy stable coins on the platform. The project is called XAR network and is working with Cosmos. Can you imagine the media this will get when they announce what the community already now that Fantom is going to be the first project to have SARB central bank backing stablecoin. The market cap is only 20m and is going to do far more than Ripple could due to its tech abilities. Also every Dapps that is going to be released by Fantom uses a new chain and MUST use Fantom to secure the network. Specs are impressive, finality under 1 second, TPS will be optimised to 30k and I believe its about that for XAR network, ETH apps can be deployed on the consensus cheaper and faster and more scalable than what ETH 2.0 promises even if they achieve it. There is nothing not to like about this project and its still under the radar to some extent. It was listed for free by Binance last year.
This.
Believe it or not, I don't care. You deserve to stay poor if you've fallen for this extended fud campaign and still haven't haven't got a fat bag of FTM.
user you should write a new post instead of copy pasting an old one from a couple of months ago, it's not the best look.
But apart from that all the facts still stand, the project is as solid as ever. The only difference is it's now at a sub 10 million MC because of the market crash in march, but it's already starting to break out again and will make a huge comeback in the coming months.
Crypto analyst and investor Nik Patel believes that Fantom will be mentioned in 2020,
uzmancoin.com
Weiss Ratings' cryptocurrency rating architect Juan Villaverde phantom technology is better than bitcoin technology think. I recommend you to read the details of the news.
kriptokoin.com
This spelling and my sharing about Phantom is not investment advice. My goal is to provide information about the Phantom. It is at the top of the projects that I am closely following and interested in. It is a project that I hope for the future on behalf of myself. I hope that the article I prepared for informing the friends who follow the Altcoins has benefited the Fantom coin.
>There was clearly a team member or two being Korean
Are you kidding, Fantom moron? WHOLE Chink dev team exit scammed. WHOLE Chink management team exited from Fantom Foundation over to a Korean legal Fantom entity to avoid the coming class action lawsuit.
>BUT Andre Cronje starting advising and really the project is fucking brilliant now
The idea from you paid Fantom spamming scammers, aka 38 "paid marketing dep." hustlers with NO devs, that suddenly the openly Fantom scammers hired a clean guy that wanted to work with scammers is insane. Scammer Andy has no real-life experience, he has never finished a project in his whole life: He has NO experience as a coder. He has de facto left the project and already crashed the little project he worked on:
medium.com
Worse, scammer Andy demanded private codes from projects when he was a self-proclaimed "code-reviewer" or the would give projects a shit review. After a while, scammer Andy suddenly started to work for their competitor, Fantom. How is that for a slimy and dishonest behavior?
>It's got more academic research than Cardano
Insane lie. Nothing published in any peer-reviewed paper.
>has the best scalable and fast solution in crypto
>Finality under a second. It's what wth 2.0 would love to be now.
Absurd lie. Scammer Andy was lying about 300 000 tps, dag, and smart contracts for months. What he gave was a crashed trainwreck of a forked Ethereum Virtual Machine with 18 tps that can not scale at all. Despite Fantom boiz lying through their teeth about more tps with more nodes, you can clearly see from their own tests that this is utter bullshit, pic. Fantom will NEVER give any stress test with documentation, as they know their tech is utter shit.
>Also they DO have the UAE
Scammer Fantom has only fake deals with some of the most corrupt regimes in the world. Dubai, Afghanistan, South-Africa. You can clearly see it's a scam that despite their mainnet being operative for months, there has been ZERO attempt from these "partners" to use the shit.
>the Central Bank of South Africa
Absolutely insane scammer lie. If they were even thinking about it, it would have been an enormous paper trail. There is nothing. Worse, the very idea that central banks will use some private entity, and not develop their own, is absurd. Central banks are by their nature centralized, the very opposite of crypto
You forgot your lie about Fantom having a partnership with Oracle and that Oracle is contacting scammer Andy daily for him to help them out with tech problems. What a joke. Reality is that the scammers only have a tech rep agreement with Oracle. Enough that they won't be thrown in jail for fraud for that fake claim, when rambling on about "partnership" with Oracle.
>the tokenomics are solid
What kind of morons "invest" in a chink scam coin where founders and friends have 60% (!!) of total, global supply? You have to be insane to do that. Ethereum foundation had 1% and Vitalik sold his ETH at $7. Chink scammers will dump on you into oblivion.
Distribution. The 3.175 billion FTM will be distributed as follows:
40% token sale
30% market development
15% advisors and contributors
15% FANTOM team and founders
>DeFi stack will have tons of usage
No one is using that shit. It's a scam
>you fucking reddit newflag.
Back to plebbit, Fantom scammer. You have to go back. Pic related.
ho no no no no no
GUYS THE RETARD IS BACK EVERYBODY POINT AND LAUGH HAHAAHAHAHAHAHAHAHHAHA
>20k on Xar, opera can theoretically do an infinite amount, or some absurdly high number over 1M+, because the tech scales the more nodes you add.
Total lie. Never documented their insane claims, lied through their teeth about Visa in their own public documentation. Pic. Real TPS for Visa is 65 000 TPS
usa.visa.com
Xar has not tweeted since December. A total dead scam project. Didn't you idiots tell me that Xar has NOTHING to do with Fantom? That Xar being a total lying scam had nothing to do with scammer Andy and dodgy Fantom? So you Fantom scammer boiz are lying about a lie?
Xar are proven scammers and liars. Have not tweeted since December last year. You are a scammer and a con artist. Fuck off from biz.
Stay clear, the better Korean projects (ICX, TERRA and FLETA) are a much better option right now!
>uzmancoin.com
Turkish blog making claims in Turkish. When was this written and why don't you have an English source for a claim made by an English speaker?
>Weiss Ratings' cryptocurrency rating architect Juan Villaverde phantom technology is better than bitcoin technology think
They gave that rating based on Fantom's scam claim of 300 000 tps, dag with smart contracts. They have not changed their rating after it was known that all you idiots have is a crashed Ethereum Virtual Machine fork with 18 tps.
Your shit scam is lying openly about having devs, pic.
HAHAHAHHAHAHAHAHAHAHHHAHAHAHAHHA
*breathes in*
HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHAHAHAHAHAHAHHAHAHAHHA
Fantom's staking model is a clear Ponzi scheme. Over one billion FTM will be dumped on the market in June, crashing the price.
>PROVIDE PROOF!!!
>provides proof
>I DON'T LIKE THAT PROOF, PROVIDE DIFFERENT PROOF! LOOK AT THIS STUFF HERE SEE? THIS OLD STUFF FROM A DIFFERENT TEAM?
>GUYS SEE MY FUD I MADE UP???? LOOK HERE'S A COMMENT I MADE ON TWITTER MAKING FUN OF THEM SEE????? PLEASE GIVE ME ATTENTION THEY AREN'T GIVING ME ENOUGH DAG TO PAY MY BILLS!!
>he literally posts the twitter screenshots seconds before my post.
You can't make this shit up. Holy shit there really is no bigger NPC than denny the fantom schizo. God I can't wait for you to rope when it goes to the moon after CBDC's launch.
Fantom got totally rekt in this thread
Anyone "investing" in Fantom deserves to lose his money. This is an OBVIOUS scam and Ponzi scheme. Fantom chink team exit scammed a long time ago. Scammer Andy replaced them with Russian temp devs so the scammers would still have some kind of "product" and "development" to dump on low IQ investors. Fantom promised a 300K dag with smart contracts. Everyone with tech insight knew that was impossible due to the rubbish tech solutions in the white paper.
Here:
warosu.org
warosu.org
So when Fantom scammers delivered their utter garbage product, a fork of Ethereum Virtual Machine with some dag like garbage on top of it, even the most deluded Fantom bagholders would normally have seen something was wrong and start to dump. What the Fantom scammer team did to prolong the scam was to introduce a classic Ponzi scheme with absurd ROI that is unsustainable.
warosu.org
But they don't care about that, as it all is designed to attract short term money so they can dump for a couple of months and then complete the exit scam. There is no working product, the "partnerships" are either paid for, mostly in corrupt third world countries or just fabrications. Bitconnect also faked a partnership with Visa, paid for partnership, and positive editorials. Fantom is doing the same thing. Their tech is utter shit and there will be no magical "packaging" of transactions, insane claim, so Fantom suddenly and magically can get high TPS. This is the sad reality:
warosu.org
Michael Chen did a similar scam earlier on, as a warning for everyone to see. This Fantom scam is just as obvious as Bitconnect was. Here:
warosu.org
More about why Fantom is a scam here:
warosu.org
Fuck off, scammer.
SCHIZO QUICK!!! YOU NEED TO LINK THE OLD THREADS WHERE YOU POST MORE EVIDENCE THAT GETS REFUTED!!! QUICKLY NOW SOME PEOPLE DON'T REALIZE YOU'RE A RETARD YET!
>Here let me post a link to this thread where I got completely destroyed in all my arguments, and had to run away to my DAG thread, where I continued to get desecrated.
>BUT I WON THAT HEE HEE! MY AD HOMINEM WAS TOO STRONG FOR THOSE FTM SCAMMERS!!!
>SCHIZO QUICK!!! YOU NEED TO LINK THE OLD THREADS WHERE YOU POST MORE EVIDENCE THAT GETS REFUTED!!! QUICKLY NOW SOME PEOPLE DON'T REALIZE YOU'RE A RETARD YET!
>Here let me post a link to this thread where I got completely destroyed in all my arguments, and had to run away to my DAG thread, where I continued to get desecrated.
>BUT I WON THAT HEE HEE! MY AD HOMINEM WAS TOO STRONG FOR THOSE FTM SCAMMERS!!!