Review on 999 by gregori cordova
another shameless scam that was unsuccessful in trying to scam users
In recent years, multiple projects have come onto the market, but only a small percentage of them manage to captivate and gain the trust of users. There are projects that are simply abandoned in the Ico phase, others that launch unsuccessful airdrops and there are also some that use false data to make their project more accepted and the project below was one of them.
999 coin is an altcoin based on Ethereum's ERC20 technology that came onto the market with the promise of revolutionizing exchanges and making them more democratic for users, where there will be exclusive benefits, absence of fees, multiple payment options, pay bills, purchases online linking to paypal, visa and mastercard on its platform etc. But it is not necessary to be an expert to realize that the project was a potential scam, since it was enough to look at their website, which had many spelling errors and very poor English, they did not have a White paper with technical data of the project , used fake news to promote their currency, and there was no record of their creators. In fact, the name of the coin is due to the fact that they claimed that in 999 days its value would be $ 999! , something totally impossible to know when a cryptocurrency hits the market.
This project was even very controversial, as they used typical pump and discharge techniques In which it went from having a price, of around $ 2.14 on January 26 and The next day, the coin rose to $ 6.52, and then in a few hours it will go down again to its previous price. This blatant scheme was fortunately unsuccessful as there was only $ 9500 daily trading volume at that time. Weeks later there was a lot of controversy, as the daily trading volume was around $ 25, but the market capitalization was $ 519 million, something totally nonsensical and made coinmarketcap the subject of criticism by allowing these coins to fully illiquid are listed on the platform
Pros
- nothig positive to consider here
Cons
- They did classic pump and dump techniques to inflate the price of the coin in a single day and thus attract investors.
- their website was a total sham, and very unprofessional.
- It was not known who the creators of the project were
- Their social networks had very few followers
- Their daily trading volume did not match the large number of millions in market capitalization they claimed to have
- They did not offer anything new to the industry
