FOIN HUGE SCAM COUNTDOWN TO COLLAPSE ( FINANCIAL.ORG)

TOP 10 REASONS FOINS BY FINANCIAL.ORG IS A MASSIVE SCAM

NUMBERS DON’T LIE, PEOPLE DO

Witness the ultimate magic trick – The disappearance of Millions of Investors Dollars

1. FOIN PRICE IS RIDICULOUSLY UNREALISTIC

FOIN was listed in 2 exchanges (Crypto-bridge.org and stex.com) on August 2018, and out of nowhere it beat other long running and stable coins like Litecoin, Ethereum, DASH, Monero, Zcash and decided to hover around USD 1000 and stay that way ever since

How can a completely unknown coin with no market visibility and public acceptance gain such high price and become a runner up to bitcoin?

The total amount of FOINS in circulation is 90,586,968.8161 (90.58 Million foins), taken from the company’s own website.

That means the total market-cap for FOINS is this ridiculous number 93,938,685,816 multiplied with USD 1037 (price of foins) which is a staggering USD 93.938 BILLION USD !

 

2. FOIN HAS OVERTAKEN BITCOIN EVEN BEFORE LAUNCHING!

PEOPLE WHO ARE OUT OF TOUCH WITH REALITY AND/OR

POOR AT MATH BELIEVE THAT FOIN HAS ALREADY BEATEN BITCOIN’S

MARKET CAP EVEN BEFORE BEING LAUNCHED

HOW IS FOINS BIGGER THAN BITCOIN??FOR THIS NUMBER TO MAKE SENSE, EVERYBODY WHO OWNS BITCOIN, XRP, ETHEREUM, EOS, BITCOIN CASH, LITECOIN, TETHER, TRON, AND THE TOP 10 CRYPTOS WOULD NEED TO SELL OFF THEIR ALL COINS TO BUY FOIN INSTEAD.DO YOU THINK THE ENTIRE CRYPTO MARKET IS GOING TO DO THAT? IN WHICH UNIVERSE IS THAT POSSIBLE? ARE YOU THAT DELUSIONAL?? WHAT IF I TOLD YOU THE MOON WAS MADE OUT OF MARSHMALLOWS, WILL YOU BELIEVE THAT THAT TOO??

3. THE TWO EXCHANGERS LISTING FOINS ARE KNOWN TO LIST SCAM COINS FOR PROFIT

“CryptoBridge and STEX are for-profit companies providing market-maker or robot trading services”

These exchangers charge a listing fee of 3-7 btc and also offer market-maker trading bot services for new coin scammers to list their coins.

Everyday 20-25 FOINS is being sold and bought by Robots in these 2 exchangers to give the illusion of real trading, but they are just run by scheduled Robots. ROBOT GENERATED TRADING (same volume, not changing daily)

PROOF STEX PROVIDE BOT TRADING :

Ask yourself why would anyone buy or sell foins the exact same amount everyday for the past 6 months. The quantity is not growing or reducing but maintained the same. That’s the reason why FOINS cannot go into more famous exchanger because there will be real traders there that can crash the price, that’s why they are sticking to these two small exchangers.

4. FOIN TRADING VOLUME IS SO LOW ITS BECOME A JOKE

The volume of trades for FOINS is only USD 224K in the total market. That means out of the 90 million FOIN that has been created, only 224 foins (per FOIN IS 1000 usd) is circulating in the markets? Is this a joke? This is an extremely puny amount for a company that boasts to have 300,000 Members worldwide.

This means a single investor with 200 foins can total disrupt and crash the market price just because the trading volume is so low.

Compare it with bitcoin :

5. IF EVERYONE’S WALLET IS MIGRATED, FOIN WILL ONLY BE WORTH LESS THAN 3 CENT!

1.    Only With 224k USD daily trading volume (200 foins) in external market compared to 5 Billion usd for bitcoin

2.    99.99975% of FOINS still being held hostage by FO internal wallet.

3.    imagine what would happen when all the foins are “migrated” to external wallet and finally hitting the open market???

4.    The answer is simple, everyone would be very happy to sell their foins in the market based on external price (i.e. USD 1,000 or USD 1,500) at that point in time. BUT!!!! What everyone forgot to question is, WHO IS GOING TO BUY THE FOINS?

5.    With very little to no one is likely going to buy the foins knowing that the market is overflowed with supply.

6.    Desperation will quickly follow and the foin holders will start to reduce to selling to price to a lower amount, contenting themselves of the money they out the get out of the sale.

7.    One seller after another will follow suit, and you will see the foins dwindling down the exchanger order book very quickly until eventually the coin is dumped. Such instances has happen in many ICO’s and schemes as most of the tokens issued by the respective companies / management do not carry any value proposition. In the crypto-world, it’s called “dump”.

8.    One may argue that foins holders will be “HODLING” (i.e. hold for long term price appreciation) to support the market price. However, contrary to your believe, there are going to be very little of those hodlers as most of them who owns foins now are having it because their investments in USD or other

9.    REAL cryptocurrencies were forcefully converted to foins without due notice by the FO management, not once but TWICE (once during FOIA and another during FIA programmes).

10.                       So putting yourself in these victims’ shoes, what do you think these people will DO? Simple, EXIT at the earliest available opportunity and we are back to square one, DUMP.

Nevertheless, giving foins the benefit of doubt, we have taken foins up against bitcoin in a “like-for-like” trading situations and these how the results fare:-

	BITCOIN	FOIN
Supposed Price	$ 3400	$ 1037
Supply	17.5 Million	90.5 million
24H Volume USD	5,088,246,871	224,206
24H Volume Coin	1469760 BTC	216.2 FOINS
Normalized Price :	$ 3400	$ 0.029

As usual, with the lack of information from FO, we have used the bitcoin’s comparative data to derive the TRUE value of FOINS:

FORMULA TO FIND ACTUAL MARKET VALUE OF FOIN BY FACTORING CIRCULATING SUPPLY AND MARKET CAP:

ACTUAL NORMALIZED VALUE OF FOINS = $ 0.029 

I.E. WORTHLESS

* Since we don’t know the market-cap of a scam coin, we use the 24hr volume instead

1.    ANYONE WITH A REASONABLE MATHEMATICAL SENSE WOULD BE ABLE TO DERIVE THE ABOVE. SO FOR THOSE OF YOU WHO ARE STILL THINKING FOINS IS GOING TO THE MOON, ALL THE BEST TO YOU!!!

2.    ECONOMICS 101 – Demand and Supply. Always remember, in trade, for a price of an item to be sustainable consistently, whether high or low, there must a balance in the supply and demand of the item.

3.    Lack of balance will result in the price being over-valued or under-valued. Hence, when the correction happens, a lot of people will be hurt in the process. As such, for crypto, when such correction happens (i.e. price drop), the value proposition and intrinsic value of the coin would help sustain the hit and eventually gear itself for the next bull run.

4.    You can witness this by the bitcoin bull and bear cycles. By now, you should already be aware of the lack of substance in foins. So, you can only imagine the impact of the correction due to over-supply.

6. FOIN IS JUST VIRTUAL WITH NO LEGAL EXISTENCE

The company behind FOINS is not a legally registered entity and the websites only show faceless generic names of their so called management team with no credentials. This means they can completely cease operations and stop payments, and not have to be answerable to any authority

The company doesn’t exists and they have since closed down whatever offices they had in UK, UAE, AND HONG KONG, All to prepare for the great final escape. However these are the 3 front men of financial.org / foin

Pierre Bron

ARNAUD GEORGES

BRANDON SECARY

7. PISS POOR QUALITY WHITEPAPER THAT COSTS USD 200-300 TO WRITE

FOINS whitepaper is a measly 20 page document talking about the glossary terms, legal disclaimer, history and background of bitcoin, and the difference between Proof-of-Work (Mining) and Proof-of-Stake (Buy and Hold), All these information is readily available on Wikipedia and there was no need to stuff them in the white paper.

FOIN WHITEPAPER NEVER TALKS ABOUT:

1.    ROADMAP FOR THE FOIN PROJECT
2.    HOW MANAGEMENT IS GOIN TO SUSTAIN THE PRICE AT $1000 OR EVEN $2000
3.    WHAT IS THE LINK BETWEEN “DE FACTO” CURRENCY OF FOIN AND WALLSTREET??
4.    WHO ARE THE EARLY ADOPTERS WHO ARE BUYING FOINS
5.    HOW MUCH OF MEMBERS INVESTMENT WAS SIPHONED AND CONVERTED INTO FOINS
6.    WHICH BIG EXCHANGER THEY WILL BE LISTING IN

8. FOINS.GLOBAL / FINANCIAL.ORG WEBSITE HASN’T BEEN UPDATED SINCE JUNE 2018

This is when FOIN held their last big gala event, in Malaysia and Singapore. Ever since the management has been silent in promoting new events.

The last time financial.org conducted a big scale event it was in the middle of 2018. This was shortly before the time they dropped the bombshell and converted everyone’s dollar money into worthless FOINS which only worth few cents.

Subsequent events were done in much smaller scale with little to no publicity.[YT4] 

9. MANAGEMENT BOASTS 300,000 FOINS USERS, BUT LESS THAN 3000 MEMBERS ON TELEGRAM, AND MORE THAN HALF ARE NON MEMBERS :

10.                         FOIN PRESIDENT, MR ARNAUD GEORGES WAS DIRECTOR OF VGMC.

The president of Financial.org was also the front man for another scam company that shut down in 2014, called Virgin Gold Mining Corporation. In a similar way, all investors money was converted to worthless stocks which later suffered a massive plunge, and hundreds of millions of investors funds we lost in the similar way.

In concluding this post, I wish to stress upon the fact that this post WAS NOT written out of personal vendetta against the company nor the management (this is how likely how the management would brush off negatives news as in the past). This post is from a concerned netizen who has had enough with these scammers scamming people around the globe over and over again through many platforms and spoiling the livelihood of common man. Now with the easy of internet to disseminate information, please make this go viral and educate the common people who are blinded by the company and loyal leaders of the Company.

Everyone needs to step up and questions their leaders and the Company to ensure justice is served.

Lastly, please take this seriously and ensure your next investments are made after proper, sound research. In the era of internet, everything and anything can be forged, including identities. Similarly, information is abundant online for us to find them and read.

BE A SAVVY INVESTOR AND NOT LET THESE BLOODSUCKERS SUCK THE SOUL OUT OF US.

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