$Jager Important Note: I noticed that the promotion and distribution of this currency has been very significant over the past few days.
After researching and scrutinizing it, I decided to write this post as a warning and alert only (I am not telling you to sell what you own or not to buy) but you should read this post and think about all its contents before making any decision.
The burn rate on the currency is 5% for each transaction, meaning that when you buy for $100, you will receive coins worth $95.
So at the moment of purchase, you have lost 5% of your investment and you need an increase of about 6.5% to return to the 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 it will take, but that's currently not important). You will conduct a sale of your coins (which means you will perform another transaction) and 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 result of the investment, despite an increase in the price of the currency of approximately 6.5% from your entry price, is a loss of 5%.
And I repeat again, this is not an invitation to sell or distance yourself from the project; I am just clarifying what I have gathered from information due to deep research to warn that perhaps there is at least one person who will benefit from this message.....