It's like 600k market cap friens. Buy it now before the rest of America wakes up. 2x from here and were still only back to ath. 5x will be only a 3m cap.
dextools.io
Foresight just announced on Probit- buy the dip now
Jordan Edwards
Other urls found in this thread:
youtu.be
youtube.com
coinmarketcap.com
bitg.org
github.com
crex24.com
mercatox.com
mercatox.com
probit.com
probit.com
app.stex.com
twitter.com
Xavier Mitchell
Found this gem yesterday and have high hopes for it. No pajeets in their TG either so I'm feeling the big hype is yet to come.
Wyatt Cruz
Early days but looks like it could be an absolute winner
Only need to look at Nexus to get an idea for how big insurance tokens could become and exit scams (Foresight) cause more damage than smart contract hacks (Nexus).
Not saying FORS will do >400x to gain parity with NXM, but you never know. Worth a bag for sure!
Parker Cook
I also bought some more. Expect they partner with hacken.io soon also. And $OM ceo was talking about it
Aaron Nguyen
I fail to see why people would rely on an insurance in the cryptosphere. Aren't insurances scams or relying on you to continually pay to cover for your potential and expected retardation? All you need is to use brain.exe in crypto and you can avoid every single scam.
I don't know. The fact that it relies on yet another DAO doesn't ring well with me either.
Jayden Williams
Remember they said more news coming this week also. If anyone has heard what it may be, please share
Ian Flores
Normalfags love their insurance would help ease them into low mcap uniscam coins
Nicholas Bell
If you trust your judgment 100% then insurance isn't for you. But scammers are getting more and more elaborate. Almost any coin could undertake a soft or hard exit at any point.
Besides, if you want to maximize your moonshot profits and roll the dice on a few shitcoins, you might as well pay $20 or whatever to cover your ass and get your investment back if they do scam
Colton White
Yeah, I was thinking of normalfags if crypto were to be massively adopted - a seducing prospect, but I can't really see it happening in the next 2 years. More like in the next 5 years.
Here's my next issue I have with such a project if it were to take off, and actually deliver on their promises to help crypto investors recover from their losses. Where will the funds come from?
Who will be able to tell that a given investment was a scam? Imagine someone who bought a low mcap shitcoin, thinking it couldn't dump because it's early, liq locked, moon soon, etc.
Let's say that instead of being rugpulled by a minting function or any other trick of the sort, the scammer collectively dump with a lot of wallets to make it seem look natural. Who will take the time to investigate user's claims of being scammed? Where will the funds used to reimburse him come from? Who will agree to reimburse him?
Brayden Stewart
Actually, I'll go and read the litepaper. It's rare that I ask questions before taking a look at things, but the idea looks really promising in the long term even if I don't really believe that in a decentralized market such a thing as insurance would prosper.
Grayson Reyes
Good call plus CEO has answered these questions a million times in the tg. He's an active, dare i say, foresight thinker
Brody Jones
P2P insurance is already well on the rise, this is just a crypto extension. From what i can gather they'll be planning to cover all sorts of exit scams not just your classic rugpull, eg soft and hard scams alike. Roll of the dice perhaps, but if they can pull it off, holy shit
Daniel Gutierrez
Yeah ceo is the bomb. Their AMA with satoshiclub cemented them as a long term hold for me, it was awesome. When transcript goes up soon on satoshiclub anyway you hasn’t seen it definitely should.
Oh and about next week’s ann, ceo said it was staking pool details with Ferrum
Nolan White
FAQ on the website which kind of answers this
Xavier Reed
I hope that these jokes aren't common in your Trannygram channel.
Also, thanks to the litepaper I'm now aware that they're also planning to be used as a sort of certificate, a little similar to how LID protocol operates with presales.
One part however didn't feel right with me, which is :
>Tokenizing insurance contracts as NFTs, allowing cryptocurrency traders to speculate on whether or not a project will exit scam or irreversibly fail in a particular timeframe.
I don't know why, but this somehow doesn't feel right. I'd understand the pleasure in hoping for a new tortanic as a degenerate Zig Forumsirgin, but for a token aiming to prevent or at least help reduce risk exposure to scam this could TECHNICALLY motivate people into creating projects to be gambled on their legitimacy. I know it's just a future usecase they're willing to explore, but this didn't feel right. It's possible that I'm a schizo imagining the worst case scenario though.
Alexander Lopez
Project seems like it'll have a good usecase for some people but I mainly like it because the TG seems very civilized. Reminds me of PRQ. 0 pajeets or low IQ people spamming about moons.
Blake Young
After reading the litepaper, reading the articles, checking that the top wallet and it's tokens were effectively locked... I can say that for once, this is as legit as it gets.
Thanks for the replies anons, grabbed a small bag of 5000 FORS.
Anthony Campbell
What's the cap of what you can claim as insurance? I assume they wouldn't back up gamblers buying 50 ETH of a low mcap uniswap gem?
What happens if a project that looked legit gets certified by FORS but then exit scams 5 months later for example? Who will be held accountable?
Henry Richardson
Thanks user. Liq locked for 1yr and vouched for by Dextools. If you've been around crytpo, and spend time in tg chats, you can usually sniff out the scams. They pass every smell test. Pajeet free. I'm hodling. Easy 100x on this in a bull run.
Nolan Reyes
Here, from CEO:
DrFinch | Foresight:
Investors need to know that there will be coins which manage to get approved for cover, and then exit scam. This is a fact of the cryptocurrency game and with scams getting more and more elaborate. It’s not a failure of Foresight if this happens. We are not saying “if a coin gets covered, there is no chance they will exit scam”. If our pre-vetting process was completely perfect, people wouldn’t even bother taking out insurance! Think of it like home and contents insurance - chances are a burglary won’t happen, but they sometimes do. But our aim is to make sure we’re not having to pay out more funds than we are taking in.
We also need to ensure that we protect our own downside. So for projects which we will cover but are at higher risk, we put a cap on the insurance cover we agree to provide, eg $10,000.
Our token has only been live a couple of weeks but the Foresight model has taken months to develop and we are continually fine-tuning it. We’ve had ongoing advice from insurance consultants and lawyers. We’ve set ourselves up to do this right and make a product that protects users/investors as well as protecting the Foresight system. I’m very happy in our progress so far and excited for where we are aiming to be.
Mason Clark
>buying after presalers who managed to enter at 0.02
Sorry, hard pass.
Also, I can very well imagine this project to be manipulated and actually certifying scams, just like what LID did with MYX a month ago. Pathetic
Ryan Edwards
twitter post summary from first post on August 31
>retweet from "unchained ninja"
>retweet from "cryptolovette"
>again retweet from "unchained ninja"
>retweet from "el revoltoso"
>Liquidity lock for 12 month
wow much lok, so legit
>again retweet from "el revoltoso"
>again retweet from "el revoltoso"
>2 EVENTS !!!! an AMA and uniswap listing
what a disruptor
>retweet from "zendetta picks"
>uniswap listing
wow
>retweet from "CKA_Network"
>retweet from "kukulukia"
>retweet from Dext
>Sponsored by Dext
like providing a token address and saying this is a partnership with etherscan and vitalik buterin
>again retweet from "el revoltoso" retweeting previous dext retweet
>again retweet from "unchained ninja"
>again retweet from "el revoltoso"
>retweet previous retweeted post by "kukulukia"
>retweet post by "lid protocol"
(that's absolutely unrelated to foresight)
>retweet from "crypto guerrillas"
>again retweet from dext
>again retweet from "el revoltoso"
>again retweet from "el revoltoso"
you can't make that up
>retweet from "zendetta picks"
>wow listed on uniswap, wow lock liquidity, 300 holders
revolutionary!
>again retweet from "el revoltoso"
>COINGECKO PARTNERSHIP !!!!!!!!!!!!
>again retweet from "el revoltoso"
>again retweet from "el revoltoso"
>COINMARKETCAP LISTING PARTERSHIP WOOW!!
>BLOCKFOLIO PARTNERSHIP! UNDER ONE WEEK !
groundbraking
>CRYPTO INVESTORS PROTECION ALLIANCE GUYYYYSSSS
(that we created kek)
>again retweet from "CKA_network"
>again retweet from "el revoltoso"
>again retweet from "el revoltoso"
>again retweet from "unchained ninja"
>again retweet from "CKA_network"
>again retweet from "unchained ninja"
and so on
Wyatt Brooks
I have seen shady projects and scam with airs of grandeur but I believe FORS takes the cake lmao.
>implying they'll be able to cover and gather enough funds to take care of hundreds or even thousands of pajeets after they get rugpulled by whatever buzzword trendy copypaste new token
>implying holders will waste their time contributing to the platform when most investors are just buying hoping for a profit then leave
This piece of shit will never takeoff. People who are stupid enough to get scammed don't deserve and don't need things like an insurance. We need retards to be filtered out
Jacob Smith
Next Cryptocurrency to EXPLODE 2020
youtu.be
youtube.com
coinmarketcap.com
BitGreen Whitepaper: bitg.org
github.com
crex24.com
mercatox.com
mercatox.com
probit.com
probit.com
app.stex.com
NO KYC on Probit for up to $10k daily Withdrawals.
David Barnes
Okay, enjoy fomoing in later.
Grayson Kelly
After the entire thread has been civil discussion you get 3 rude FUD posts in a row. Seems legit and organic.
Wyatt Campbell
You again with the free marketing. Thanks user.
I think I know which pnd gem caller you work for and are paid to fud. Whatever helps you sleep at night on your pajeety orange sheets.
Jordan Richardson
cope
Christopher Watson
>anonymous team/fake names
>no working product besides vaporware and a litepaper
>price already did a x3 since presale
>faulty tokenomics that doesn't reward the holders
>expecting your average crypto investor to know if a given project is a scam or not
Unless they manage to convince every solidity autist or DYOR schizos to buy their token, people participating in the DAO will mostly be pajeets and retards who don't know what they're talking about.
People like to criticize centralization but for such a thing as an insurance project this is a must. FORS is definitely shady and will fail.
Parker Brooks
Um, well yeah, that's kind of the reason for the entire project. If something does rug, insuree would be covered. If you take the time to dyor, you'd see Finch has answered similar questions on the daily. Not every risky coin will be insurable.
Hudson Morales
Thanks for the heads up bro. Not selling though.
Jackson Hernandez
As seen in nearly every crypto startup. Working products don't magically appear, or fund themselves. They take time, and development.
Team will be going public