Latest Chinese SCAM = Fcoin Exchange ??!!
The Fcoin Exchange (fcoin.com) is the most HATED exchange right now. It has drawn a lot of hate recently for flooding the ethereum network spam transactions and been accused of promoting wash trading. In this video, we take a detailed look at the exchange to see how much of this is true.
https://www.asiacryptotoday.com/fcoin-exchange-new-china-scam-or-marketing-genius/
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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cool video by coolest youtuber i am your one of oldest follower
thanks
Hello @boxmining
Yes Only because of this types of Scammers and Rubish exchanges we have to suffer from congestion on network and due to which we have to pay high fees.
we should be careful
Thanks I will and also I will Be Very Happy If You Support Me😊.
@boxmining, Thanks to inform about Fcoin scam.
you're welcome
hey @boxmining great stuff i am following on youtube as well you always put good stuff
could you please check my work
https://steemit.com/football/@tradingsolution/can-croatia-will-able-to-take-revenge-1998-fifa-world-cup-against-france-in-final
thanks, if I have free time will help you check soon
This whole process of volumes and rebating is not sustainable for a number of reasons. The biggest being that it will disincentivize the use of the Ethereum network for legit projects which will hurt overall demand and result in lower prices across the network. Unfortunately, this will lead to higher transaction fees and less future potential airdrops as they will have a negative perception due to this.
Is FCoin token erc20? Mate can you explain me how you can washtrade on ETH network if you have to pay fee for transactions?
yes it is
the FCoin Exchange, which launched a bit over a month ago, runs on a unique business proposition: all transaction fees are reimbursed to the users, in the form of the exchange’s native Token. 51% of the FCoin Token supply is locked up and can only be extracted through trading, in a system the white paper calls “Transaction-fee mining” or “Trans-mining.”
we should invest our money after taking advice from a financial advisor. in this case we can save ourself from scams .