Many of you might be wondering why this shit dumped. I'll tell you. Yesterday there was a massive legitimate FUD wave in their Telegram. Apparently the team is dumping a MASSIVE amount of tokens on exchange in order to "follow muh whitepaper and increase circulating supply so there is more liquidity for new people to join the project". They also had a poll in their Telegram for whether or not they should hold a buy back (these don't work in such a volatile market by the way, not to the investors advantage either way).
The admin is a literal moron drone repeating the same dribble the whole time.
This project literally has nothing ready nor prepared besides a mockup of what is to come. There is no pinned message in the chat (very pajeet), CEO has not yet made a statement after the wildness in Telegram.
Also the FUD campaign that was launched against their competitor, NEXT, was instigated by XBASE, this has been confirmed by Nenad.
There are no bank cards coming, there is no platform coming, the token has no utility, except reduced fees, kek, this will turn into a dumpster fire.
I think it was around 30,000,000 that they dumped.
Thomas Morales
> no communication about selling tokens > increasing over 50% of their supply screwing over investors > market selling creating a dumped chart > basically stealing investments from unknowing people > making no statement at all leaving people hopeless
This is fkn shame. How did Jow Forums get so low shilling crap like this. Glad I got my money out there
Ayden Cox
This is exactly what happened.
Elijah Harris
>>Also the FUD campaign that was launched against their competitor, NEXT, was instigated by XBASE, this has been confirmed by Nenad.
No. But i agree with anything else.
John Lopez
It's a damn shame they had to drag NEXT into this shitshow as well.
Austin Gomez
Got a screenshot of the admin admitting the FUD campaign?
Christopher Morris
Where did they increase the circulating supply 50%? Thats just straight up lies. These werent vested tokens they sold, the team was entitled to sell them..All fuckin teams sells tokens. Its likely they used the sold tokens to pay for an exchange listing. The platform is still on track for the end of the month also. Anyone selling here is gonna look pretty fuckin stupid at the end of the month
Nathan Hernandez
Eh, it was just along the lines of "we used marketing on trading competitions, Jow Forums, and reddit but real marketing starts later" put two and two together.
Jacob Ross
Sorry, but you are coping. It may not have been 50%, but it was A SIGNIFICANT AMOUNT. Just read their Telegram, it has been exploding for the last 24 hours. The platform isn't on track to be released, thats just what Nenad is telling you, but hes using a pre-written script.
Asher Bennett
It's still up more than x4 from pre-pump levels. OP missed the boat and he's trying desperately to get the price down before the next wave - which is why there is always at least one active thread FUDing XBASE at any given time recently.
Juan Morris
this makes sense. Dumping this and buying vidt + next to become a true nederchad like my mommy wanted me to be
Brandon Brown
The funniest part is on the same day XBASE was literally FUDing NEXT and scamming their customers, the NEXT CEO was in a government parliament building attending discussions on how to prevent their users being impacted by scams.
Juan Ortiz
No, I was in the telegram when this happened. The team sold from 55k to 45k. Then these fuckin idiots in the telegram over reacted and dumped the token price down to like 25k. The idiots in the telegram wrecked the price not the team. Then they all turn around and accuse the team of dumping when it was them who were dumping. Whole thing is stupid as fuck man, I've never seen a bigger bunch of retards than in that telegram. The team said that everything is still going ahead for the end of April and they have some news to release this week. Lets see whats what at the end of the month
Jacob Wright
I have no interest in XBASE. The only thing going for this exchange is the UI thats looking ok, but somewhat similar to Kucoin. The token doesn't provide a lot of utility. The exchange is centralized as hell. Just go look at their Telegram brainlet
No you idiot I'm saying they dumped the price from 55k gwei to 45k gwei, not 45 - 55k tokens. ALL teams sells tokens, these fuckin retards in the telegram are complaining about the team selling 9 million tokens out of a 1 billion supply
Charles Morris
Tokens which never moved before were taken to exchanges, you tell me man
And lol good luck holding bags which are being dumped on by the team
The blockchain doesn't even have any use for their centralized platform, think about it
Creating a token because they can, to then sell on open market
Don't be blinded sweetheart
Matthew Howard
Circulating supply is 1bn not 591m, proof is on etherscan, the 400m wallet is NOT locked, team used it to dump 100m tokens so far, 300m left. Fucking scammers.
Lucas Allen
Again. Cope. They raised what, 7,5 million during their ICO, which was less than half a year ago? Not including private investments and pre-sale. They need to sell tokens right now because....?
Ethan Brooks
Recap: -Circulating supply is wrong
-Market cap is false
-Team is dumping tokens
-Last months official communication only promoted their shit tokens.
-No news regarding the exchange after half a year.
Looks like an exit scam to me, good luck friens
Joseph Cruz
What is this fud clown fiesta itt?
They would sell tokens at some point. Is it not better if they sold now while the price is rather low?
You can always tell a coordinated fud to drive the price down.
Anthony Gray
You can always tell when you see extreme cope.
Brandon Young
All teams sell tokens retard. They have a set amount set aside to use for marketing, exchanges etc. There's nothing illegal about this. Again, the investors dumped this project NOT the team
The exchange will be live at the end of April
Andrew Powell
Anyone who trusted this fat fucking face is an idiot and deserves to be poor.
I'm not defending the team, it was irresponsible to dump the tokens here but its likely the proceeds are gonna be used to pay for either an exchange or marketing
Brandon King
>10 posts itt >Talks about coping, but himself copes as hard as he can >"I have no interest in XBASE." and then posts telegram screenshots and links to explorers
You are aware that marketing can be paid for in tokens if there is ample demand for them in the market instead of dumping them?
Pay for exchanges huh, thats interesting, arent they opening an exchange themselves, and currently trading on 1...2..3.. 6 exchanges?
Again, this is called cope.
Cameron Morris
Its only on shit exchanges at the moment who the fuck uses Cointiger? Your only purpose here is to try and get the price to dump so you can fill your 3 eth order faggot
William Harris
Damn.
Luke Kelly
Fuck that, nobody with half a brain is buying this dumpster fire after what happened.
Benjamin Miller
user with brain. What to buy?
Kevin Wilson
See, check their shit. It's all based around the shittoken. All their posts should be based around the exchange.
It's a free fast money grab. Normal procedure is Exchange -> token.
Here we have token -> every post or tweet is about a listing, the price, etc -> no news about the actual exchange.
Dump your bags i'd say.
Henry Sullivan
You're conveniently ignoring the fact that they're posting an announcement this week about the situation. Any discussion before then is speculation
I picked up some xbase purely for a quick 2x flip, but I put my actual funds into NEXT too, as well as the xbase profits. it's kind of a shame how heavy the fud affected next, but then again, i got to increase my bags 30% at literally half the price. and once that shit launches in a few days, everyone here is gonna fomo in at 2x that price so w/e
Julian Sanchez
99% of /biz are dumb sheeps and then there is that 1% like you who is smart and knows his shit inside out and does his own research
bitmax = 150million next and eterbase = 1-2 million ----- bitmax does not offer fiat ramps, no european regulatory compliance, no european banks, no STOs.
Camden Howard
Lol should've bought NEXT basies on suicidewatch
Levi Rivera
trips confirm next @ 3.33 usd by Koningsdag
Cameron Jackson
exactly. i went hard on NEXT, comfy as fuck holding my bags at prices this low.
if a shitcoin like Coss can hold a $10mil market cap, NEXT is going to be there in a fucking flash. $2.70 is my first sell target
Chase Lewis
Next dumped even harder than Xbase..and now has barely any volume
Grayson Hernandez
> "follow muh whitepaper and increase circulating supply so there is more liquidity for new people to join the project" XBASE did nothing wrong doing this then. >CEO has not yet made a statement after the wildness in Telegram. This is a problem.
Henry Sanchez
They got an announcement tomorow
Brayden Richardson
And that will be the true exit scam
Hudson Bell
I'm not ruling anything out, but at least give the man a chance to say his piece
Adrian White
was the lowest volume dump ever lol. this is just one of those chances of buying an actual decent project on the groundfloor, and everyone here is too afraid to do that so they'll wait for it to triple before getting in. I see it happen all the goddamn time. Look at all the coins on idex that pumped hard. they were sitting stagnant with low volume for weeks/months before making any movements. and next is launching in a couple weeks.
Ethan Rivera
there is no actual project/product though. So you're basically buying shittoken #12610. Like i said admin should be worrying about creating a fucking exchange, not about his ERC20 shitcoin supply
Adrian Powell
When is the next exchange launching? I actually like the sound of the project from what I know of it. Only 1 mil cap too. Would be grateful for any info, wouldnt mind lobbing a few eth at it
Christopher Gray
Hm honestly considering buying up some NEXT as it seems like the good moment. They're looking way more professional I should've known all along grr
Wyatt Wood
Afaik they will also launch their mainnet soon which has masternodes... Just checked ethscan and less than 40 addresses have 25000 next for a node, so seems like running a node is going to be extremely profitable. Think I'm going for a node actually
Today an admin posted 1st year would bring 33% returns which is massive, and based on 100 nodes. So with 50 nodes this is double. Reminds me of my other nodes where I was with the very first and plucked some nice fruit
Ethan Barnes
well lucky for you it's dirt fuckin cheap after being bumped out of the front page on idex
Asher James
I'm talking about next, not xbase. not a fan of xbase next does have a project/product. And their coin actually does serve a purpose with profit sharing
Joseph Rodriguez
Yeah happy about that since I don't homo fomo
Dominic Russell
Profit sharing? Care to elaborate?
Eli Hall
testnet is up, mainnet/full launch is this month. team has an ama in a couple days if you're looking for more info.
Jose Collins
People who hold NEXT will receive a portion of the fees collected by the exchange, after the team pays its running costs.
Luke Perez
Damn ok that sounds really nice actually. So the bigger the stake the more you get shared I guess? Kind of KuCoin style?
I think I'm convinced to fully leave XBASE and never look back at that scam and get into NEXT
Just read that their masternodes create instant and also private transactions and at this rate I should hopefully get a node filled
Leo Anderson
Yep, thats how it works. If you lock up a masternode, then they will not receive any of those profit sharing. However, the tokens received from staking your coins should be greater than if you just hold them. Imo the best selling point is the fact that they use a hybrid exchange where the trading is centralized but you are actually in possession of your keys through the blockchain they are launching.
Team bought back 4 million xbase tokens today and sent them to the main wallet. Some announcements this week also, in a couple of weeks no one will even remember this little bump
Jordan Cook
Of course they did because they sold yesterday a 55k and now can buy back at 30k. Rinse and repeat
Isaiah Baker
Lol was thinking the same thing
Ayden Brooks
25k Next, 1.3 mill XBase. Scared money don’t make money but good luck bois
Jordan Diaz
people who hold NEXT? Or people who hold nodes?
Ian Morris
Node holders mine more NEXT but everyone holding NEXT gets part of the profit sharing
Xavier Cooper
Forget this shit. It made its run. It will be slow and boring. Buy VANTA. Next moonshot with Microsoft and Oracle partnership.
Julian Allen
that might be fine for another round of the shitcoin gamble but NEXT is an actual hold
William Hernandez
Makes sense about the shares not accounting for masternodes to me
Yeah it's pretty cool how they actually use the blockchain this way
Thanks user, got a bag of NEXT going just hope the price won't fly away again before I have a node
