Re:Escaping the Dark Forest
by vvpan on Friday September 25, 2020 @03:57AM
(#24587620)
Nobody got scammed. It's pretty much like an IPO. The project distributed tokens, not dollars. Coinbase and a few other exchanges listed them and trading started with the tokens fetching a certain price. I sold some on Coinbase, got money - that's it. The token is a "governance token" and I, personally, don't see much value in it but I do not follow this too closely. In theory the token gives the holder a future say in the direction of the projects and maybe a cut of the profits.
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Re:Escaping the Dark Forest
by strogonoff on Friday September 25, 2020 @11:59PM
(#24596306)
> Nobody got scammed.
Not directly, but to a hypothetical criminal with millions of USD in illegally obtained currency investing into tokens, hyping said tokens (including, of course, giveaways) and then selling tokens on a peak could look quite compelling. I presume typically laundering loses money, but in this case it could even be possible to make a profit.