The main content of this article comes from Defi small miners and does not represent my opinion:

Shocking news: the first HSK to comply with the regulations is actually a makeshift team

Previously, Ni Da revealed that Qi Ye would immediately unlock#HSKtoken rewards after leaving his job, which is expected to bring a one million US dollar market crash.

But tonight I received a tip from a Gate employee that Qiye actually has at least 7 million HSKs in his hands and is ready to dump them at any time.

The small stool is ready, and we start eating melons~

1. A huge amount of unlocking beyond the opening circulation

Before HSK was listed, Gate received some huge HSK transfers from hashkey. It is normal to reach this point. It is also a normal recharge behavior to deposit coins before the opening.

But after the withdrawal was opened, someone actually wanted to withdraw 7 million HSK. This is outrageous for a new coin with only 11% of the circulation at the opening and most of it in a locked state. This amount of money can break the market.

Of course, Gate’s risk control will be used to withdraw the currency from this card.

So far, it's just a little bit outrageous. What comes next is extremely outrageous.

The person who applied to withdraw the money actually took out an internal email of hashkey, which included the name of a senior executive who had just resigned and other senior executives.

The person who withdrew the money was obviously very anxious, and then provided a chat record with a certain number of people agreeing, and a contract for investing in game space with HSK. (We still don’t know who game space is, and we can’t find any relevant information, and the hashkey has never been disclosed).

This involves two serious problems.

First of all, the 1% additional circulation is obviously not found in the white paper. It is a compliant exchange and the white paper is fake.

Are you surprised? Are you unexpected?

Then, when will such a huge amount of HSK, 10 million HSK, HSK that is not recorded, be smashed?

Although my gate has no wealth effect, you can't play me like a fool. Is the gate's new currency circulation broken?

Let me accompany you to the news???

2. Whose coins will be sold and when will they be sold?

So the gate naturally began to question whose coins they belonged to and why they were being withdrawn so quickly and violently.

The gate began to inquire about the hashkey, but the person concerned did not respond. Then a senior executive left the company quickly.

This token, which accounts for 1% of the fully circulating tokens, has a total value of 10 million HSK. What does this roughly mean?

11% of the total circulation (if the white paper is true), hashkey's exchange has opened 4 launch pools, each with 10 million, a total of 40 million. The coins given to market makers are 2 points, 20 million HSK, and the remaining 50 million are divided among the 5 exchanges.

Even if gate is the main disk, giving him 30 million HSK, this 10 million accounts for 33%, which is enough for him to completely smash the market to a position that satisfies him when he wants to.

The above algorithm is purely an estimate. I don’t think a stupid exchange is worth my serious data checking and calculation.

By the way, I have to complain that the depth of HSK is very poor. Any 100,000 HSKs can break through the disk.

3. No business, but the price of the currency soared

Hashkey's two exchanges are ranked 52nd and 65th on CMC respectively, with a daily trading volume of 8 million and 7 million respectively. Together, their trading volumes are still not as large as those of the larger coin pairs on Gate.

The public chain business, which has been promoted for half a year, has not yet been launched on the main network and has no ecosystem to speak of.

HSK, he, actually, keeps rising!

Is this reasonable?

Is this what compliance can achieve?

Of course, this makes sense if you think about the Platon story.

If you have lost money, please join me in calling someone an idiot!


4. The first amateur team in the cryptocurrency circle

Gate’s colleagues don’t really care about HSK. After all, they can list several such small coins a day.

His complaints mainly focused on the outrageous nature of the company Hashkey.

In name, it is the most compliant company in the cryptocurrency industry. In terms of contract procedures and legal documents, we carefully consider every word and sentence, and do not simplify anything that is troublesome. We must write every possible risk into the contract.

But the so-called compliance and legal affairs, and the understanding of the business, are as poor as a rookie. They always waste time on irrelevant things. Some people don’t even know what EVM is.

I heard that hashkey recruits people with high education, but they don't understand the business.

The process is very cautious and everything seems to be in compliance with regulations, but when it comes to the critical moment, neither people nor money can be controlled.

10 million HSK that are not included in the white paper can flow out.

It is said to be the most compliant company in the cryptocurrency circle, but in fact it is the first makeshift team in the cryptocurrency circle.

If you still have HSK, or if you still have HSK, all I can say is, run!

Rather than believing that HSK can increase, you might as well believe that Brother Sun can give you some coconut chicken.

Now, with every point increase in HSK, I feel that the 10 million is one point closer to falling.

Or us$BNB Conscience~

Off topic

In fact, many old people in the cryptocurrency circle are familiar with "Seven Master". His most famous operation before was to use the banner of charging HT when he was in Huobi, deceiving users that there were six major benefits for HT this month. However, it ended badly, and he used fake news to deceive a large number of leeks (including me 😭) to buy at high prices, and since then he has won the title of "Charging Seven".