A year ago someone raised the question about suspicious ETHOS (BQX) token activity. Ethos token holders were complaining about being banned from the official Ethos. io Telegram groups for asking simple questions. Holders were concerned that Shingo Lavine ( CEO of Ethos. io ) is funding the project by releasing ETHOS tokens. According to Shingo's announcements "he wasn't releasing and selling ETHOS tokens to pay the mothly bills and such accusations were not true at all". Looks like a deeper research is showing something different from Lavine's words.
The current chart shows how the market reacted to all ETHOS token "dumps" during the period September 2017 - January 2019 (or since ETHOS was listed on Binance).
This chart is based on data taken from Etherscan and applied very accurate here.
The results are clear enough:
1. Shingo Lavine (Ethos. io CEO and official main wallet key holder) is releasing ETHOS tokens every month.
2. Huge amounts of ETHOS tokens are being sent to Binance.
3. Tokens sent and sold on Binance are causing price crashes and constant price suppression.
CONCERNS:
1. Ethos. io team are trying to hide the truth from their followers and future investors by banning people from the official Ethos Telegram groups for asking the "right questions".
2. Shingo Lavine is funding the project by inflating the circulating ETHOS token supply.
3. Binance being used as the main place for ETHOS token dumps.
4. Team insider trading alerts.
CONCLUSION:
This project turned from "VERY PROMISING" to "VERY SHADY". Be careful if you want to buy and trade ETHOS tokens!
The current chart shows how the market reacted to all ETHOS token "dumps" during the period September 2017 - January 2019 (or since ETHOS was listed on Binance).
This chart is based on data taken from Etherscan and applied very accurate here.
The results are clear enough:
1. Shingo Lavine (Ethos. io CEO and official main wallet key holder) is releasing ETHOS tokens every month.
2. Huge amounts of ETHOS tokens are being sent to Binance.
3. Tokens sent and sold on Binance are causing price crashes and constant price suppression.
CONCERNS:
1. Ethos. io team are trying to hide the truth from their followers and future investors by banning people from the official Ethos Telegram groups for asking the "right questions".
2. Shingo Lavine is funding the project by inflating the circulating ETHOS token supply.
3. Binance being used as the main place for ETHOS token dumps.
4. Team insider trading alerts.
CONCLUSION:
This project turned from "VERY PROMISING" to "VERY SHADY". Be careful if you want to buy and trade ETHOS tokens!