ZBC Could Get Delisted from Crypto.comThe team of moderators, or marketing team was revealed as having improperly misappropriated bounty funds in the sums of 20,000 USDT, 1000 usdt and 2000 usdt, and this is after having already cancelled a 100,000 usdt bounty. How scandalous is scandalous.... thats $123,000 of unpaid rewards.
How bad is it? The 40 wallets alleged to have held the 3 necessarys NFT's to claim the reward never held the necessary OATs (onchain achievement tokens). The team wrongly deceived the community, enriched themselves. We've seen Galxe pull services from Zebec in response to this. Other service providers are revoking access, and to be honest there's a high probability that this may even cost them their access to the visa credit card program.
It looks really bad when 3000 people qualified to share the reward, but some how only 40 ineligible wallets were posted as being eligible by the team. Its gotten messy to the point where now the founder is being asked to address the issue his moderators and marketing team have caused. Where things went so horribly wrong, none of us know these particulars. However, it's clear the project could trend much lower than 0.0006 if delisted from the few exchanges they're on.
Is this why it's been impossible to sell a node.... absolutely
Hopefully the founder addresses the issue, as this could easily become a leading issue in crypto if users start asking for the token to be delisted. This isn't fud, this is accurate account based on the excel spreadsheets organized by the community. As someone who staked for their node, i'm concerned about the project. I sincerely hope come november that i'm able to unlock my vested tokens. I hope the founder corrects the many issues raised by the community.
I anticipate more departures, and terminations to ensue as things roil
Zbcshort
ZBC-USD:📉 to retest 0.00804 & 0.00677As circled, Nov. 10th to the 13th we saw our first warning sign of a harsh drop. And for the most part we got a lucky bounce we really didn't deserve. Notably rising from 0.01066 to 0.01971 (Nov.14th to Dec. 11th), nearly a 30 day build up that demand just couldn't sustain. Realistically you can't sustain price action when active marketing campaigns are for 300% APY or 7 day 50% APY's..... look at everyone who offered even 20%.... where are the;
Voyage = bankrupt
Celsius = bankrupt
FTX = bankrupt
3 Arrows Capital = bankrupt
**** I am not intimating that ZEBEC will endure the same fate, I am just pointing to an obvious warning sign. A high APY is a massive red flag.
That kind of APY leads to intense sell-offs, people will either keep their original bag, and sell the excess.... or there forced to sell b/c of the rapid depreciation. Sometimes the safest way to protect capital is to cut losses where possible.
Dec. 13th to Dec.22nd as highlighted was a great scalping zone if you got out alive. We see retracement from the top to 0.01616 & 0.01689 during that threshold. It was simply a series of lower highs, nothing broke head over shoulders. Thus turning a support region that mirrored a falling knife into a long drawn out katana.
So like me, your wondering where do we go from here.... We are likely to retest 0.00804 and after that we are also likely to retest 0.00677 after the support region fails to hold. At present serious investors who would yeet a lump sum of capital into ZBC just wont. When you see them put an end too these high APY's and staking programs, that's when you'll see a much better return. Also, they stalled on the release of the visa card...... so i wont call that flag, but i'm monitoring this development. They're in the visa fast track program so it remains to be seen what happens next.
The ZEBEC army thing is still not something i'd consider marketable, a myriad of loosely assembled individuals is not an army. LOL real soldiers don't have "engagement quota's. Rebrand the ensemble as a "Day1 Team", have 7 teams & assign them a day of the week... gate your community to bonafide holders... there's ways to channel the crowd, and drive engagement... I think the project is very ambitious in solving "worldly issues", but the focus should be serving the American market. They have regulatory clearance in 43 states.... they could benefit a great deal from only issuing rewards in ZBC instead of USDT.... this way they avoid pissing off regulators. I would encourage them to be pro-active in there compliance. No more issuing USDT as a reward.
# of nodes sold thus far is 1/30th of supply, and the ZEPOCH NFT's aren't tradeable/re-saleable until all 30,000 are sold.
Anytime you see high APY's gtfo and protect your bags... b/c the sell pressure post lock-up is usually twice as bad.
Update: they are taking the necessary steps to rehabilitate the brands image. They have started paying out rewards, & because of this i will introduce them to an integration opportunity w/ another project. I do adore the project, and if ever i seem critical, understand that it comes from a place of good intention. I hope to see "payment streaming" thrive globally as i very much so believe in the concept and the founder.
Disclaimer: I do own me a bag, and am soul bound to the project w/ a 1yr vestment lockup.... as a zepoch node operator i will valdate the network.
