$CNS/$CNR

so this is a total fucking ponzi scheme, is it not?
telegram banhammer for any sort of price speculation, reasonable FUD, and constantly double down on whitepage tokenomics.
there is no such thing as free money. so what's the fucking deal? rugpull imminent? exit scam? cucks need not weigh in.

Attached: download.jpg (281x180, 14.45K)

This really just smells like Bitconnect to but on a smaller scale. At least for now.
I'm expecting a rugpull some time after the supposed Bittrex listing.

the whole thing is way too fucking shady. always go with your gut. and my gut tells me this is some fuckery.
>inb4 u just dont understand the dual token system with centralized deflationary rise token and free market-based cash token
>inb4 CNS tokens are burned reducing the supply
i understand the economics. and it's not sustainable or reasonable. who is funding this shit?

its a classic ponzi under the hood, they will rope in as many idiots as they can, once the number of people trying to withdraw breaks their profit cycle they will disappear and blame the "algorithm"
>pic related

Attached: dont fall for it.png (1391x1753, 406.88K)

based. i had a bad feeling about this shit. i think i dodged a bullet by pulling out of this just now. on my way to recouping losses because i FOMO'd in after the pump like a retard.

Agreed. I hope we're at least early enough to cash out once the pump starts again (if it even pumps to Bitconnect levels, or if it even pumps again at all).

How do you even sell CNR? If I can still pull out I'd just convert it back to CNS and exchange on ProBit. It's a scam for sure.

It should definitely pump. Lots of gullible Pajeets are latching onto it. I'm hoping to at least break even when it happens.

Why do these threads always appear at the start of India's business hours?

dude i'm not a fuckin poo. but i got DM's from like 5 of them tryna scam me as soon as i joined the Centric telegram

You have to convert it back to CNS. After a week in that shady wallet, I felt safer putting back all my CNS back to the exchange. I have a spooky feeling there's going to be an "outage" on their site soon.

convert to CNS, sell to CNS wallet on whatever exchange you used to purchase. go thru all the hoops.

Yea. Earlier today they had "Maintenance". Probably exit scamming soon.

i knew this board had some chads left. just join the telegram for lolz. the admins are cracking down on FUD hard as fuck.

imma keep adding ammo to my image as I find it, I fucking hate scammers, and ponzi's like this will only give governments more reason to interfere with the market, becuse they can scam many people quickly for big profit and get media attention when the bubble pops, its no good for anyone in crypto

they're scamming and they're not good at it too. anons getting gaslit left and right in the chat and mysteriously disappearing when the mods lose patience

It has zero use case except finding greater fools. 5x'd and got out Sunday night.

The max supply of CNR is 10b. So why does that pic say only 10m of CNS can be converted?

They don’t understand that the supply of CNS is variable and that coins are burned when you covert into CNR

initial and max supply is 1b not 10b if you have proof that says otherwise please show me
also CNR is deflationary, tokens are burned over time reducing the total max supply
at current value if 169m cns were converted to cnr it would surpass the max supply, Ive seen nothing that explains how this would be managed

Even if it is a scam, they will not dump at this price. I'll probably leave it on an exchange though. Who knows

I never trusted it, got out as soon as I made a x3
If it looks too good to be true, it probably is

Yeah I'm just waiting for the bittrex listing to happen, then I'll exit. But definitely not gonna hold in CNR

This is literally a scam. Asian TRX scam. LOOK AT THE SITE. No white team would make this.

Sell NOW if you are holding before you lose it all. Buy some FUND and stake soon.

NOBODY USES BITTREX. SELL NOW.

so many sandy toes on yt promoting cns and a whore of a ceo screams scam to me.
pumping bags rn to exit at 0.2 hopefully

motherfucking tg admins talking in circles and ignoring me when they can't provide an answer

hol up, wouldn't the total 178M CNS supply convert to just 17.8M CNR at their current 10 CNS : 1 CNR ratio, unless I'm missing something?

Their centralized swapping mechanism via website / wallet indeed gives them total control to freeze tokens and not honor swaps at will, like what we're currently seeing with airdroppers cucked of their 50 cents worth of CNS for failing kyc

yeah and that would push the CNR total supply over 1b, 990m+ is currently in circ, hows a deflationary token able to do that?

Wow I didn't know 1 billion / 10 = 10 million
Did you go to harvard?

According to their website new CNR can't be minted only burned, so the 17.8M CNR should be coming from the current circulating supply

But looking at their CNR distribution table, looks like all of it has been distributed or burned / burning, so where's the CNR coming from for the CNS->CNR swappers?

If from the wallet "foundation unlocked"? That's 64M CNR there. Else there's some shady fractional reserve shit or imaginary CNR balances being shown to the users

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How much CNS to degrade gabby?