Using the hype of ESH , another coing Grimm is being shilled. However, let me tell you not only GRIMM can't run too much due to being a POW coin, but it's also a scam.
First thing , CMC has wrong supply, it's supply is way higher.
Secondly it's a POW coin , unlike ESH or any other token where supply is fixed, 100 new Grimms are generated every 40 seconds.
Since Grimm was not in radar of many for long, few people have solo mined the whole hash power in past and amassed huge quantities.
Cost to mine GRIMM is also very cheap, and hence miners can keep generating and dumping those tokens.
for more details :- whattomine.com/coins/325-xgm-equihash-150-5
Secondly XGM is a scam and have stolen the complete code of beam
medium.com/@valdo_94579/grimm-87659756999e
medium.com/@valdo_94579/about-grimm-part-2-c280d29e75c8
Grimm also created a fake company website in past and announced a partnership with that company, just a imaginary website with random name
reddit.com/r/Mimblewimble/comments/e5vhq3/unknown_fund_that_helps_privacyfocused_teams/
It's laughable that even for DEFIS , they have stolen logo of LOKI.
Everything being promised in DEFIS is fake, that's not even possible with Mimblewimble. Exit scam is coming very soon.
In end , I will also mention POW coins are prone to various chain attacks like 51% etc and especially these small POW coins with low hashrate are not secure at all. I have been burnt by POW coins several times in past and it will guaranteed happen with XGM again due to it's weak network.
Big red candle coming up. Stay safe.
Attached: grimscam.jpg (480x235, 29.58K)
