>No one has heard of it
>Active and loyal community on discord
>First token to give out legit payouts every month
>Mining starts in only a month
>Literally the start of dividend cryptos
Anons this is like the first dividend stock of the crypto world, this is gonna be huge, join me and hodl till $20 EOY
bitway.net
Other urls found in this thread:
uniswap.info
twitter.com
Promise this is it.
“Dividends” don’t count for shit if they’re just minting tokens/diluting current supply to pay dividends
The dividends are paid out in Ethereum to whichever addresses hold Bitway tokens
This isnt a scam like icerockmining, the payouts are made in an actually useful cryptocurrency instead of minting more tokens to pay out dividends
Literally a ponzi
And where does the money from these "dividends" come from
LMAO
the logo alone say 'stay away' !!!
HEY HEY HEY
WASSU WASSU WASSUP
From every new person that buys in, until that supply of idiots collapses and it falls apart like a pyramid like structure you could say
Bitway uses the funding from the ieo for mining and pays out the profits to the token holders
This.
How can people still fall for these pyramid schemes?
its not a pyramid scheme u retards, the payouts comes from the mining profits
How does that work?
The miners mine this new coin, and a portion of what they mine is taken from them, used to buy another coin, and distribute that among everyone that holds it?
What's the yield on this?
If the rate of mining is constant, but the number of tokens in the market increases (as you'd expect). The amount distributed to each token holder will decrease.
Sounds like a pretty shit deal when compared with dividend paying stocks. Where the number of stocks is fixed, but the company is making more profit (thus increasing the dividends).
What no, you cant mine bitway, its a erc20 token, you just hold bitway in your ethereum wallet and get monthly payouts from the mining farm that Bitway has built, they built the farm using the original investment they got for selling the tokens, and now the tokens are circulating around, since the mining is gonna start soon im thinking the hype causes a pump
What's stopping them from going "Thanks from the money! Oh dividens? Yeah we only mined enough to stay afloat this month, sorry", while simultaneously pocketing that money? It's not like their income statements are audited.
Its a registered company in Norway, you can sue them if they dont use the funds for mining
well YOU cant, but anyone who invested in the original funding rounds can
They're not a publicly traded company, so they don't have to disclose their finances publicly.
Also, you're not a shareholder, you only hold this token, right?
In that case, that's a really nice loophole, because they don't have to disclose them with you either.
Im not a share holder but the token is still a security, so i still have legal protection
fuck off user
>mining profits
user, i......
>dividends
you mean minted-out-of-thin-air-shitcoin supply inflation
or...ponzi scheme
What is this security exactly? What legal protections does it offer?
A bond guarantees that, in case if liquidation, you get priority to recover your money.
A share entitles you to see the company's financial statements.
What does this tolken do? What's the legal status on it? What legal protection would you be entitled to?
Since crypto is so unregulated, I'm going to assume that it gives you none.
If they were serious about being transparent and distributing dividends, why are they not issuing shares?
I'm willing to bet it's because those actually give you protection, whereas they can claim in court that this tolken is meaningless, since there is no legal status on it.
Sage goes in all fields. Also OP is big fag!
no... its dividends in ethereum, and they come from mining, not from other investors
im on Zig Forums do i look like a lawyer to you
No, you're either an idiot for not doing your due diligence, or a scammer.
But that's not something I didn't know already. I just posted so that other Anons didn't get dragger into yet another crypto scam.
is that what it says on the site?
Holy shit it sounds like a ponzi lvl cult