Bitstamp exchange launches Ethereum

Bitstamp exchange has announced the launch of Ethereum 
10 August 2017   2137

One of the biggest cryptocurrency exchanges, Bitstamp, has announced some changes in the trade commissions structure and their plans to launch of Ethereum. 

Now the value of the trade commission on the Bitstamp exchange will depend on the monthly trading volume of the user. Thus, if it does not exceed $20 thousand, then the commission will be 0.25%, if it is up to $100 thousand - 0.24%, etc. 

Bitstamp exchange commissions scale Bitstamp exchange commissions scale

As for the support for Ethereum, the cryptocurrency is to be added to the listing on August 17th, and trading will be available in USD, EUR and BTC pairs. On top of that, there will be reduced trade commissions for Ethereum until the end of the year:

Bistamp exchange trade commissions for Ethereum Bistamp exchange trade commissions for Ethereum

Thus, for example, Ethereum trading will be carried out without any commissions before October 1st, then with a 75% discount, then 50%, etc.

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   97

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.