Its a good finding on the overall view happened and useful report to the company to rectified the problem and react but will not satisfied foin holder especially for AX investors previously. They feel very upset and feel to be a victim after the company officialy bought over by Fopay.
All AX investor should be protected fairly by company as all their investment has gone after take over. Most of the AX investors were from retired people who believed they can enjoy their investment at AX with low monthly dividen because AX is a crypto exchanger. The risk is very low compare to any cryptocoin in market. Force replacement and pay extra fee to obtain FOIN within short time of period is totally unfair to all of them. The company know the consequences after released the coin into open market but what action the company take to prevent it. All action should be in place as fopay management team including CEO are well known the crypto market trend and already be in this market more than 10 years.
Yes, agreed with your finding and action to be taken, I'm stress again the report is goods for the company. How about the foin holder, most of them are from financial.org and AX. Its very small percentage of foin holder is coming from outsider.
I still doubt regarding the time release and market crash in the report. Once Foin release to open market exactly at 5pm in Malaysia, the price started drop. But we still STRUGGLE to tranfer Foin to hotbit, p2pb2b or AX exchanger. All the foin currently in Fopay wallet. Within 90 mins, it crash to usd3 and move up until usd30. The 1st sucessful transact into exchanger was update in our local group is after 2hrs. Meaning, when we enter the market, the price already at usd15. The question is WHO INVOLVED IN 1ST HOUR TRADE AND START PLACE ORDER WITH USD30? You also can check and verified this statement in both official telegram and your support team responded that they will informed TECHNICAL DEPT to solved overhelming issue. It happened almost 2 hrs.
All the finding, reason and next action given is only to potreat that company is not involved and it purely due to open market situation. Indirectly blaming foin investor attitute. Nothing can change now but actually company can do better. For short term solution, please do initiative to exchange foin with bitcoin with price of usd250/foin (30 foin for each investor). Its look crazy but it can settledown unsatisfaction among foin trader and company. Company promise to keep minimum of USD1K on whatever reason after launching on 3/1/2020. For long term solution, as your plan in the report.
Hope, management team & ceo will respond with suggestion above.
Type of issue
Submitted via the Previews bot
Reported
Jan 10, 2020
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All AX investor should be protected fairly by company as all their investment has gone after take over. Most of the AX investors were from retired people who believed they can enjoy their investment at AX with low monthly dividen because AX is a crypto exchanger. The risk is very low compare to any cryptocoin in market. Force replacement and pay extra fee to obtain FOIN within short time of period is totally unfair to all of them. The company know the consequences after released the coin into open market but what action the company take to prevent it. All action should be in place as fopay management team including CEO are well known the crypto market trend and already be in this market more than 10 years.
Yes, agreed with your finding and action to be taken, I'm stress again the report is goods for the company. How about the foin holder, most of them are from financial.org and AX. Its very small percentage of foin holder is coming from outsider.
I still doubt regarding the time release and market crash in the report. Once Foin release to open market exactly at 5pm in Malaysia, the price started drop. But we still STRUGGLE to tranfer Foin to hotbit, p2pb2b or AX exchanger. All the foin currently in Fopay wallet. Within 90 mins, it crash to usd3 and move up until usd30. The 1st sucessful transact into exchanger was update in our local group is after 2hrs. Meaning, when we enter the market, the price already at usd15. The question is WHO INVOLVED IN 1ST HOUR TRADE AND START PLACE ORDER WITH USD30? You also can check and verified this statement in both official telegram and your support team responded that they will informed TECHNICAL DEPT to solved overhelming issue. It happened almost 2 hrs.
All the finding, reason and next action given is only to potreat that company is not involved and it purely due to open market situation. Indirectly blaming foin investor attitute. Nothing can change now but actually company can do better.
For short term solution, please do initiative to exchange foin with bitcoin with price of usd250/foin (30 foin for each investor). Its look crazy but it can settledown unsatisfaction among foin trader and company. Company promise to keep minimum of USD1K on whatever reason after launching on 3/1/2020.
For long term solution, as your plan in the report.
Hope, management team & ceo will respond with suggestion above.