Dubai is hosting 3rd World Blockchain Forum

UAE has announced it is holding 3rd Annual World Blockchain Forum on April 16-17 to discuss topics on blockchain, ICOs, regulation and more
06 April 2018   594

3rd annual World Blockchain Forum will be held in Dubai on April 16-17 at Madinat Jumeirah venue. The 2-day conference will tap into the innovative possibilities of blockchain and disruptive technologies, provides an introduction to ICOs and analyze the impact of cryptocurrencies on the global financial landscape. The focused event limited to only 750 attendees creates a unique environment of opportunities to network, delve deeper into new technologies and investment.

Among the sponsors there are Government of Dubai DMCC, Shopin, Binary Financial and many others. The list of speakers include Moe Levin (Founder at Keynote), Dustin Byington (President of Wanchain), Ola Oudin (CEO & Co-Founder of BitOasis) and others.

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   95

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.