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CENTUS tokens – seignorage earnings or digital dummy?

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CENTUS
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Could CENTUS fall due to the constant increase in new supply of CENTUS to its owners through seigniorage? We believe that the distribution of CENTUS among existing CENTUS holders is the fundamental basis for the stability of the entire system. More

As soon as all kinds of swindlers do not disguise their financial pyramids! They come up with exotic names for them, and draw muddy schemes of earnings, and even register companies in order to look respectable. But all is in vain. A scam is also a scam in Africa. Such as, seigniorage tokens Stable Cent (CENTUS)… What is it? Investment project? No, banal HYIP

E-mail addresses of the project

Attention! scammers very often change the addresses of their scams. Therefore, the name, site address or email may be different! If you did not find the address you need in the list, but the scam is very similar to the one described, please Contact us or write about it in the comments!

Information about the project

I’ll start with the payment unit. In their project, crooks use Cent token on the Stellar blockchain, which is tightly tied to the US cent. The token works independently of Stellar and is generated using smart contracts.

According to legend, the holders CENTUS Stable Cent receive dividends (seigniorage) from purchases CENTUS new members.

Scam legend

How much profit are we promised? The seigniorage rate is floating and determined by the CENTUS community. Payments are made twice a week. The average return on reviews is between 7% and 29% per month. I repeat: this is profitability. Not profit.

Affiliate program: 5% from the amount of the contribution of attracted investors + 20% from their income. It is not necessary to have a personal contribution.

The project also has Debit Coin (DBC)… Tokens DBC are not tied to anything, their value depends on the seigniorage policy and the exchange rate in relation to CENTUS. Basically, the price is drawn out of thin air.

If the demand for CENTUS grows and the smart contract creates new coins, DBC holders also receive newly created CENTUS in proportion to their ownership, but only if all tokens BILLEX redeemed and the CENTUS holders received them too. The higher the capitalization of CENTUS, the higher the seigniorage for DBC owners.

Digital candy wrappers

What BILLEX? This is another project that is part of the scam ecosystem. The site says that BILLEX is a blockchain bill of exchangereplacing traditional paper bills. BILLEX can be used for instant transactions between users and generate daily income during the period of ownership. Smells like a digital analogue of a bill of exchange MMM.

To work with a project CENTUS you need to register on the site and indicate your activated Stellar address in your profile. If you buy CENTUS on the Stellar DEX exchange, you do not need to verify your identity. However, in order to purchase coins through a Centus exchanger using a credit card, you must go through an identity verification process.

Where can CENTUS coins be used? Only within the ecosystem developed by these crooks. Outside the platform, no one needs tokens.

Sharaga works on behalf of a real company CLOUD INVEST Ltdregistered in the UK. The registration number is as follows: 11561352… The company is run by two Russians – Egorov Alexander and Mironov Alexey. According to the UK Companies House, businessmen do not live in Russia, but in the United States and Spain, respectively.

Cloudy registration

If you think that the presence of a company registration in England guarantees the honesty of the project, I hasten to disappoint you. Eric Gafarov’s notorious company, which allegedly earned money on sports betting, was also registered in England. Now the would-be businessman has been put on the wanted list by Interpol. He is accused of fraud in the amount of 100 million rubles.

You can read about the Gafarov Foundation’s fraud scheme here:

Project contacts

The address: 20-22 Wenlock Road, London, United Kingdom, N1 7GU

Telegram: https://t.me/stablecent_chat

  • https://www.facebook.com/StableCent/
  • https://twitter.com/StableCent
  • https://stablecent.medium.com
  • https://www.youtube.com/c/CentusOne

Site data:

  • Domain centus.one was registered on June 18, 2019
  • Owner name is hidden by privacy settings

Exposing the project

You need to start by explaining the terms.

What seigniorage? This is the income received from the issue (issue) of money. In the financial world, this type of earnings exists, but profit is possible only if this same money is needed for something else, and not just for inflating a soap bubble. Such as CENTUS.

Usually states or central banks make money on seigneur. For example, the US Federal Reserve System. How does this happen? Suppose the States issued a $ 100 banknote, but in reality they spent 10 cents on its production. That is, $ 99 90 cents is profit.

But dollars, no matter how anyone treats them, is real money. The green Franklin note can be exchanged for food in the store, bought a pair of boots, or spent on entertainment. What can be done with a token CENTUS? Nothing. Only store it in your wallet, or sell it on the same exchange where it was purchased earlier.

CENTUS Creators Artificially Inflate Demand For Their Digital Coins… Investors’ profit, as it is written on their website, is calculated from the contributions of new participants. In reality, the token itself is not needed by anyone, like an MMM bill at one time.

Yes, according to reviews on the Internet, the project is still paying. But sooner or later it will burst, like any other financial pyramid. This soap bubble will not inflate forever.

Finally, let’s read the rules of the scam. The scammers have published a couple of interesting agreements. I will not quote the disclaimer. With him, and so everything is clear. And here Terms of participation in the project worth quoting. The doc is funny.

Filkin's certificate

So:

… The amount of any investment is determined by the cryptocurrency rate – this is not real moneyThe presented contracts are subject to change at any time, including the date, amount and other conditions… Using our service provides users with the opportunity to receive fascinating experience with cryptocurrencies. We do not teach anyone, but we can post various information, which can be both correct and not quite right (we take it from the Internet). You agree that the information (including any materials) on this site is for informational and educational (experimental) purposes only and is not related to the provision or provision of investment advice / services. We are not responsible for your cryptocurrency and site functionality. By using this service, you acknowledge that you understand any risk associated with it …

Or here:

You agree that we have the right, at our sole discretion, to terminate or suspend your access to the site and its services and we do not accept any liability, express or implied, to you or any other parties.

That is, they want to exchange our real money for their digital candy wrappers, and do not give guarantees of earnings. In addition, the project can be closed at any time. How cute.

Potential losses on the project

Total: calculation of possible losses on the project any amount.

Conclusion about the project

Tokens CENTUS – another digital pacifier… Invest real money in this HYIP– the project is risky. For at any moment this financial pyramid can burst.

Take care of yourself and your savings with Baxov.Net

Review rating 3.8 (8)

Author

Photo by user irina.zizitop

Terentyeva Irina Naumovna

(
irina.zizitop
)

Hello everyone, my name is Irina, I am part of a small team of the Baxov.Net project. I have been in the project since the end of 2018 and during this time I met and analyzed a huge number of not honest projects. I am happy to help and protect people from scammers on the Internet.


12/11/2020 – 10:32

13 people

General opinion: Fiduciary

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Ваш консультант на рынке валют, ценных бумаг , сырьевых рынках. Активно помогаем начинающим и продвинутым игрокам ориентироваться в торговле.
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