As NXT rises to #3 Market Cap - Is it a shell game?


#1

The Simple guide to how Crypto < to > Crypto IPO deceptions work:

The guide uses NXT as an example and good to keep in mind, that the author has his own coin ‘Quark’

Goal and objectives of the deception:

Cryptocurrency IPO’s deception designed to achieve two primary goals:

1. Manipulate price and create a perception of value.

2. Manipulate Market Cap and create a perception of wealth accrued.

I will explain how both are achieved…

Let’s hope this doesn’t all blow up before SAFE get’s a foothold…a good enough reason to promote the heck out of SAFEnetwork rather than hyping the coin.


#2

Yeah the Nxt Distribution is extremely concentrated, however the actual NXT network and client is worthy of that position when you compare it to everything else.


#3

Yes, from what I’ve seen, though NXT got of to a concentrated crowd funding start, it has been a truly decentralized motion from there, with significant innovation and advancement by diverse actors–likely because it started from a good technical foundation. Market cap is probably well deserved.


#4

Good to know, might dig a little deeper on NXT