I own this currency on Binance Alpha and I was buying and selling it, and now I am holding it and the fees haven't reached 5.
Make sure to do your research well.
حوت المضاربة العملاق
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Bearish
$Jager Important Note: I've noticed that the promotion and dissemination of this currency has been very extensive in recent days. After researching and examining it, I decided to write this post as a warning and alert only (I'm not telling you to sell what you own or not to buy). However, you should read this post and consider its entire content before making any decision.
The burn rate for the currency is 5% per transaction. This means that when you buy for $100, you will receive $95 worth of coins. So, at the time of purchase, your investment has lost 5% and you need a rise of approximately 6.5% to return to your starting point, which in this example is $100.
Let's assume this happens and you decide to sell when you reach your capital again (I don't know how long, but that's not important at the moment). You will conduct a sale of your coins (i.e., you will conduct another transaction). This means that you will pay 5% of the coins you received again upon completing the sale, which means you will lose another $5!!!!! The final investment result, despite a currency price increase of approximately 6.5% of your entry price, is a 5% loss.
I reiterate, this is not a call to sell or abandon the project. I am simply clarifying the information I have obtained through in-depth research to warn that perhaps at least one person will benefit from this information... #حوت_المضاربة_العملاق
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