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Chinese crypto billionaire slams NEO, Tron (TRX), EOS and others

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NEO Tron EOS

The cryptocurrency world has woken up today with a bitter taste in the mouth after audio was leaked with some of the strongest declarations about crypto that someone has ever done. The attestation comes from Li Xiaolai, a very reputed figure in the Asian cryptosphere for participating in projects such as the promotion of Qtum, and the creation of Bitfund.online, a bitcoin faucet website that also integrates a game and provides free Bitcoins every 3 minutes.

Xiaolai it is also known for being a crypto investor himself. As per the estimates, he has a net worth of 3.5 billion US dollars, which categorize him as one of the wealthiest persons in the crypto world.

Concerning the declarations, Xiaolai has already raised his voice confirming the integrity of the leaked audio. Nevertheless, when it comes to the content itself, the investor has not said anything yet, a fact that has made a large part of the community, especially from China, feeling confused and concerned.

Tron and Binance a fraud, NEO is worthless and Qtum just garbage

Xiaolai leaked anti-crypto video is in the Chinese language, but if you translate that into English, the asseverations on the audio can are as follows:

  • All of the successful ICO campaigns are basically constructed with the creation of a pool of followers and an aggressive publicity exposition.
  • The primary factor to launch a crypto is to have followers, so if anyone desires to have a crypto on the market, the first thing they need to do is to become a celebrity.
  • Most of the popular tokens and exchanges are just scams.
  • NEO is a worthless project.
  • The two major scammers in the cryptosphere are without a doubt the CEOs of Binance and Tron (TRX). The success behind Binance relies mostly on the absence of other exchanges after the banning activity in September 2017, and Justin Sun (Tron CEO) only creates a hype on his social media by manipulating its followers.
  • Litecoin is a stupid coin that actually doesn’t differentiate that much from Bitcoin, there’s nothing different on the token and that’s something, Charlie Lee, CEO of the token is aware of.
  • Qtum is a valueless coin, after working in the promotion of the token for six months I can assure that the token is nothing but a scam.
  • During a bearish run, it’s impossible to gain money, the best thing to do is to create a hype and build a group of followers, once the market starts to go up you can use your followers to make a profit.

After the declarations of the crypto millionaire, many investors of the community are actually concerned. Even when some of the comments seem to be just hateful and mean, it makes sense that the market is built on foundations of speculation and manipulation, and that is precisely what we can see happening with tokens such as Tron (TRX) or EOS.

Many of the investors actually put their money on a coin without actually understanding why do they do it, so this, in fact, could be a good milestone to put ourselves together and understand better the market before placing our bets on a coin.

Of course, different experts have their very own perceptions even if they are in the same industry, what exactly is the situation in this case. Also, till now we only have leaked audio, Li Xiaolai has not attested that those are his final thoughts about Tron, EOS, Neo, and others. We are going keep a close eye on this story as it develops and will keep updating the information here. Stay tuned.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Maxpixel.net

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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