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/biz/ - Business & Finance


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18796923 No.18796923 [Reply] [Original]

They want to mint another 200 million new tokens... what a fucking scam

https://forum.kleros.io/t/cooperative-kleros-pnk-minting-proposal/375

>> No.18796930

>>18796923
lol so glad i sold this piece of shit.

>> No.18796939

>>18796923
Yes rajeesh, you've posted that already.
We get it, you hate Kleros but that won't stop Kleros from taking over the world!! Kleros $10 EOY!

>> No.18796943
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18796943

>>18796923
made enough off this to get a new ipad

>> No.18796960
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18796960

HAHAHAHAHAHAHAHAHAHA IMAGINE DUMPING YOUR LINK FOR THIS

>> No.18796964

Just momentary set back

>> No.18796970

>>18796964
>just shit in my mouth clement

>> No.18796972

>>18796923
Imagine selling for 200 million when link team holds 600 billion

>> No.18796973
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18796973

>>18796964
>Just momentary set back

>> No.18796991

Decentralised JUSTice

>> No.18797009

These 200m tokens will count towards the 1b total supply. So what is the issue?
Anyone who did their own research should know that only 500m have been minted so far, eventually, the remaining 500m tokens were going to be minted.

>> No.18797019

>>18797009
yes sirs all is well in village please purchase the kleros

>> No.18797024

>>18797009
wow that's terrible i didnt know they planned on minting a billion of these lmao. staying far away

>> No.18797025

>>18796970
>>18796973
Nothing changed with the team and they have reason for issuing more

>> No.18797101

>>18797025
>Nothing changed
>We JUST minted another 200m tokens because we want some more money

Justice my ass

>> No.18797122

>>18797009
>>18797025
Okay I may like Kleros but come on. Their argument is "We want to provide more liquidity" without explaining why liquidity provision on platforms like Uniswap cannot be yielded to the token holders.

>> No.18797147

>>18797101
The total supply wasn't all circulating yet. I thought there would be another token sale and maybe there will be
Anyway it's a proposal can't holders vote against it?
>>18797122
Fug

>> No.18797189

Here is a summary of the teams arguments
>We need to provide more liquidity ourselves!
>We need to pay contractors in PNK not in the ETH we raised!
>We need more to pay devs! Can't pay them with the ETH we raised!
>We need to pay bug bounties in PNK! Can't pay them with our ETH!
To me it seems like they fully expect ETH to perform very well over the next year and they want to hoard their funds to take profit down the road.
>>18797147
Yes, there was going to be another token sale.

>> No.18797205

>>18796939
lol, yes rajeesh is the one trying to fud kleros. that's a funny joke.

>> No.18797236

>>18797189
of course. they know ETH 2.0 is going to cause the price to spike and want to hoard it like the french jews they are.

anyone buying into this scam deserves to lose their money. kleros court is a fucking joke of a business model anyway that no fortune 500 company will ever utilize.

>> No.18797254
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18797254

>>18796923
guess i've been scammed... there's always a first time for everything

>> No.18797296

The pajeets betrayed us all. we were all supposed to be in this together

>> No.18797327

What about the tokens they already .intrd in January. What they did with the money ready? Crypto is full jokes.

>> No.18797365

literally just traded all my kleros for RPL on uniswap. fuck these french douchebags just trying to get more ETH to sell when it moons later this year.

>> No.18797407

hahahahha fuck that is funny. RIP kleros.

>> No.18797507

I'm financially ruined FUUUUUUUUUU

>> No.18797512

>>18796923
At least they are
1) Open about this
2) It is still a proposal

Shit projects would have just minted the tokens in silence. Hopefully this is a wakeup call for the team that they need to get PNK listed on higher tier exchanges ASAP so the token becomes more liquid and there won't be any need for any minting angrying investors..

>> No.18797526

>>18797512
if they were open about it they would explain how they spent the money from minting 200 million coins less than 6 months ago and why they require a second minting so quickly. seems to me they're just trying to get more ETH before ethereum 2.0 launches.

>> No.18797534

>>18797526
Literally this.

>> No.18797621

This was known since 2018. They're not "minting" new coins, they're unlocking them from the locked pool for liquidity and growing the project...

The actual state of retards.

>> No.18797662
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18797662

>>18796923
Thanks mate, I’m out. Was a Short try

>> No.18797689

>>18797621
So you don’t think this will have an effect?

>> No.18797695

Wow, this is quite shocking.
The revelation that Kleros are voting on sticking to their token allocation plan listed in their whitepaper is highly concerning, implying that Kleros itself may potentially be an illegal scam.
This news has generated fear, uncertainty and doubt in my Kleros (ticker: PNK) investment.
Therefore I will now sell all my PNK tokens at the market price. Thank you again for looking out for us.

>> No.18797707

>>18797695
Based hodler.

>> No.18797715

>>18797695
>>18797621
COPE

>> No.18797754

>>18797526
This is true, they need an update on this:
https://blog.kleros.io/kleros-transparency-report/

They are constantly releasing new stuff so this akward shit with the token minting seems so unnecessary https://blog.kleros.io/kleros-development-update-april-2020/

>> No.18797772

>>18797695
I read the white paper multiple times and never saw them mention this. What section are you seeing this at?

>> No.18797787
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18797787

swapping 50k to ETH atm on uniswap, it's taking a long ass time as well

What are you guys FOMOing into now? Was thinking of hodling some ETH and sending 200bucks to get some suter and dunno what else.

fuck these commie scums, Im keeping 20k as insurance in case this shit moons again

>> No.18797805

>>18796923
SIR FUDDER YOU NEED TO STOP THIS AT ONCE THIS ONLY BRING PRICE DOWN

BLOODY BASTARD CAN NOT GET AWAY WITH SUCH BEHAVIOR

>> No.18797857

>>18797787
im just gonna hodl the eth for now, i think it should do well in the near future, ill be keeping my eye out for any dips in other coins though. suter does look interesting.

>> No.18797875

>>18797787
its dropping like a stone :S

>> No.18797900

OP here based, just rebought my bag for way cheaper. thanks for selling me your pinkies retards

>> No.18797936

>>18797900
It’s going lower though soon?

>> No.18797970

>>18797900
enjoy 4000 gwei

>> No.18797975

0.003 - 0.006 Soon. wait till Americans and rest of the world wakes up.

>> No.18797979

another /biz/ scam token bites the dust

>> No.18797986
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18797986

>>18797936
>>18797970
>>18797975
It's going on binance fools, buy now before you lose your asses

>> No.18798007

guys we need more money to kindly do needful so we make more coin ok?

>> No.18798020

>>18797986
>posts a comment proving nothing

k

>> No.18798058

>>18797695
Kek and based
Kleros always honors their word

>> No.18798066

>>18796923
sounds decentralized and not like a security

>> No.18798076
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18798076

>NOOOOO YOU CANT JUST STICK TO THE ALLOCATION PLAN FROM YOUR ROAD MAP THIS ISNT FAIR

>> No.18798099

>>18798058
>>18798066
>>18798076
discord shills in full damage control

i hope you get fucked by kikes

>> No.18798147

>>18797772
he's lying. there's nothing on their website about "token allocation"

>> No.18798172
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18798172

>>18798147
>>18797772
Retards

https://blog.kleros.io/content/images/2019/12/graph-tokens-distribution.png

>> No.18798184

>>18798172
still doesn't mean this isn't a desperation move 5 months after just minting 200 million.

what are they going to do in a year when they need more cash? oh we just decided to change the total supply, sorry. we're going to mint 500 million more. not like you can do anything about it.

sell your PNK now and buy back at .01 if you actually believe in the project. don't get caught holding worthless bags.

>> No.18798188

>>18798172
lol at "total expected" too. not a firm cap by any means.

>> No.18798189

>>18798184
They need it for liquidity for an exchange listing. This is overall a good thing for the project

>> No.18798194

>>18798184
They can't mint without majority vote.
They are not out of funding, just PNK.

>> No.18798197

>>18798188
If they go over 1b you're fud has merit. For now they are just continuing with the pre established allocation plan that was set out from the beginning

>> No.18798198

>>18798184
Bruh, they can't even mint() without a majority PNK vote. Besides it would destroy their own, locked PNK allocations

>> No.18798204

If you're not selling you're a dummy.

>> No.18798226

>>18797695
>>18798076
link the whitepaper/road map where it states this is part of some "allocation plan", because I just read through it twice and don't see a damn thing

>> No.18798278

They just minted more tokens two months ago. You mean they already used up those funds. Tell me why these guys won't end up exceeding 1B total supply in next 3 6 months?

>> No.18798283

>>18796923
Unironically sold my stack of 30k

>> No.18798310

Just 30K that's nothing.

>> No.18798331

>>18798189
I hope that this is true. Sitting on 150k. Godspeed clement.

>> No.18798354

>>18798331
This. Everyone is mad but if we hear news of a big exchange listing in the near this literally won’t matter. The binance moon lambo boys will pump it

>> No.18798360

>>18798226
here>>18798172

>> No.18798404

Ah yes, Kleros, I got raped pretty hard on this one! Easily one of my greatest losses of the year. What can I say, but it was an EPIC hold! Can't wait to see how low my investment will go!

Sing along /biz/

~ Assholes high, into the sky ~
~ When PNK comes a knockin, my pants be a droppin' ~
~ Down it goes, all the money down the drain~
~ PNK Raping your asshole, loving all the pain~

Happy buttfucking fellow PNK holders!

>> No.18798438

>>18798331
How does 0,15$ sound?

>> No.18798443
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18798443

>>18798404

>> No.18798482

>>18797805
We already sold my fren, price is irrelevant for us now, gl with your bags

>> No.18798488

>>18797857
Suter is great, so are the high staking rewards

>> No.18798497

>>18798354
Than i will swap my 30 eth into pnk again and only miss the fisrt 10%

>> No.18798499

>/biz/: please don't listen to pajeet shills, this is a scam, it already happened before like 45345 times
>don't listen
>fall for the shill hype
>get pajeeted
You only have yourself to blame

>> No.18798558

>>18798438
Sounds like nightmare fuel anon.

>> No.18798678

>>18797986
Cringe

>> No.18798684

You stupid fucks, look what happened during second sale round with 150M tokens: mcap went from 3M to 13M. This shit is going to Binance. Get rekt weak hands.

>> No.18798685

where are you now shills? Is yoir telegram scam working well?

>> No.18798733

>>18798684
This.

>> No.18798736

>>18797695
kekd hard on this. Don't even know why

>> No.18798741

>>18797900
lol, way to buy before people in the US even wake up and dump their bags

>> No.18798745

>>18797986
way to prove you're a discord shill loser

>> No.18798755

>>18798684
honestly if you're not selling and buying back at half the price even if you're deluded enough to believe this you're retarded

>> No.18798798

>>18798684
I have no doubt it will moon again, but there's no reason not to sell now and buy back at lower price. It's obviously going to continue dropping.

>> No.18798821
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18798821

>>18796923
Better follow this!

>> No.18798841

>>18798821
I know that, FLETA right?

The koreans are doing it best

>> No.18799009

>>18798821
What is it

>> No.18799024

Just sold 80% of my stack for eth. When is the bottom, guise?

>> No.18799041

>>18799024
Wait for the 'muricans to wake up, we will see how much it'll dump by then.

>> No.18799243

>>18799009
An absolute shit coin. Don't even bother lmao.

>> No.18799296

>>18797900
Also fucking kek at this you really got people to sell their bags to you at a discount. Good long game play and entertainment. Imagine selling your pinkies at this market cap top fucking kek at the state of biz desu

>> No.18799357

>>18799296
Why not wait for US fags to wake up and dump? And after that buy

>> No.18799410

>>18799357
Let's not pretend like it's not already entirely priced in and the jig is up. Only smart money and OPs insider squad bought that engineered dip. I only wish I had my dedicated Uniswap computer online at the time.

>> No.18799465

I am financially ruined.

>> No.18799808

>mary jane delivery never came - might have been seized
>phone fell in the toilet while it was flushing and is now fucked
>PNK dips super hard and the boys want to mint more tokens
This is the shittiest day possible

>> No.18799844
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18799844

>>18797025
bagholder bingo up in this bitch

>> No.18799875

>>18798204
yeah just when I should have sold when btc dumped in march and then 2 weeks afterwards when it was testing 7.2k and the countless other times biz has fucked up. BIZ IS NEVER RIGHTa period.

>> No.18800238
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18800238

Idk, blog post seems reasonable to an extent. But I think they need to use the new tokens for larger exchanges, not air drops and other things. I personally would rather see 100 mil, not 200 mil for that reason. And I don't see any reason dev bonuses can't be paid in pnk, employee stock plans are a way to encourage employees to work harder to create value and the company doesn't have to burn cash to pay them a higher wage because wagies are drones. I don't agree with much else though, we need to be moving onto bigger exchanges and partnerships.

>> No.18800648

Remember when binance was one of the a low tier shit exchange, and people are saying its not safe. Let that sink in.

>> No.18800671

>>18799410
Its continuing to dump now

>> No.18800691

>>18800671
Lies. It’s pretty much stabilized around .017

>> No.18800713

never buy crypto with "real use cases" they're all scams.

>> No.18801289

Going back up lol

>> No.18801306
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18801306

Up up and away

>> No.18801402

>>18796943
that's what life is all about *sip*

>> No.18801908

>>18796923
PNK chad here, this is retarded. Not gonna sell, but holy shit I’m not buying anymore.

>> No.18802056
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18802056

Wow, so nobody did his own research before buying, believing that the team just "printed" kleros out of thin air and not planning to unlock tokens, the supply of pnk is fix and nothing is ever going to change that, I just bought more, gains are made with such opportunities and not buying after it pumps like most of you will, kleros will moon.

>praise KEK

>> No.18802112
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18802112

>get paid to make a website for someone
>he doesn't like it
>he pays 0.5 ETH to take me to """Kleros Court"""
>decide to humor the little faggot
>jury decides against me, says I need to refund what he paid me
>"no"
What are they going to do, arrest me?

>> No.18802399

>>18802112
Lmao you know nothing about oracles

>> No.18802486

>>18796923
Fuck. Reading this and how the devs respond to everyone like fucking teenager being scolded is pathetic. I was a Kleros shill but fuck this im selling

>> No.18802866

>>18802486
Unbelievable. That founder guy is being a total dick, the other employee was actually reasonable, but no big boss man had to come back in and swing his dick around.
>I've been in crypto since 2013 thanks for your concern
What a twat

>> No.18802890

>>18802866
Fucking frogs.

>> No.18803812

>>18796923
god damn wtf is this shit. I'm still up a decent 2x but wish I sold at .03 and bought UBT or something, or more Link. What are these idiots thinking trying to create more tokens? Did thy really think their shit through this badly?

NEVER TRUST FUCKING FRENCHIES

>> No.18803937

>>18802866
Everything he said is true, what's wrong with you?

>> No.18804371

>>18802112
The payment for the website would be held in escrow. Upon final decision, the contract delivers the funds to the appropriate party. Imagine being this fucking retarded

>> No.18804473

>>18803937
It's not about whether or not it's true, it's about how he approched the whole situation and handled any community objections. He showed A LOT of immaturity and whenever the heads of crypto projects act like that it's a big fucking red flag to me

>> No.18804504

>>18803937
Thanks for holding my bags.

>> No.18804855

>>18797205
You are hired Indian fudder ,,,

>> No.18804959

>>18802866
Source for this? Screenshots?

>> No.18805004

>>18804959
link in op is the thread

>> No.18805383
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18805383

>>18804473
Did I miss the part where he was disrespectful in any way shape or form?

>>18804504
I bought around 150k during January token sale so I'm up almost 100%. I'm comfy as hell and I'm not planing to sell like a weak handed moron.

>> No.18805769

>BUY KLEROS SIR ALL BHANCHOD WHO ARE NOT BUYING THIS WILL BE STAYING POOR! YOU MUST BUY NOW BEFORE MOON MISSION !

>uhhhmm actually it says right here in the right paper if you read all 300 pages that they will be "minting" more coins so ackshaullay all you guys are paid fudders who ddidnt DYOR .. accumulate the dip sirs

huh wow that's weird seems like someone was being dishonest here maybe if you knew that they were going to "mint" hundreds of millions of more tokens you would have told people to wait until that happens before they buy? Why the urgency to buy so soon??? Huhhh fuuckkk that's so weird man fuck wow huh

>> No.18805791

>>18796923
So how much will another 200 million tokens inflate the price? And what happens when they need even more?

>> No.18805955

scam. expect weeks of dumping from here. kleros pnk

>> No.18806039
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18806039

>>18805791
Bout 20%. This is part of their road map since 2017- so it’s not like they’re just minting more at a whim. They want to get listed on a major exchange.

>> No.18806097

>>18802866

He said that because someone asked him, did you even try to read?

>> No.18806145

this price is being held up team. faith has gone. be first to dump not last

>> No.18806245

>>18806097
No one asked him retard

>> No.18806291

>>18805383
I bought the sale in January as well, but it less than six months and they want to mint more tokens. I missed a few chances to 3x my bag but I won't be holding it as they dump 20% more into early investors. I'll keep an on the project but my guess is that it's going down below the Jan sale price.

>> No.18806363
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18806363

I just want to say thank you for the free pinkies and for the free tether that I just bought

You are wonderfull, all of you, thank you for your bags!

>> No.18806653

>>18806291
>They want to mint more tokens

Perhaps this will bring the project ahead, perhaps not.

I hope you make the right call anon. Godspeed.

>> No.18807567

>>18806653
Thanks brother. I really hope this project doesn't collapse because it actually sounded good.

>> No.18807649

I feel like ive been chinked. What a bunch of fucking kikes.

>> No.18808979

Gonna dump more,tomorrow is weekend.