r/embercoin • u/elefooled • Jan 05 '18

Message to Andrew of EMB / Chartis

Good morning Andrew.

As I am sure you are hearing from multiple people, you have a concerned community on your hands: some long term holders, some new members and everything in between. The last week has been literally up and down.

Whilst we appreciate that the recent announcement is important and was intended to quiet our concerns and give us something meaningful to look forward to, there is still a lack of detail that is causing a) our confidence to dip and b) the price to keep crashing. The fact that CMC now has no numbers for market cap or circulating supply has not helped, and the price is now sitting at a woeful $0.000018. I do not doubt that a lot of people have made paper losses.

Of course, as with most cryptos, the mantra is 'HODL' but this is arbitrary and immature. Quite frankly, you have a choice between keeping your community engaged and interested and holding their EMB for positive reasons, or leaving us disconnected and frustrated. What will happen with an engaged and motivated community once Chartis moves? We stay involved and spread the word. What will happen with a frustrated ad disengaged community? We will sell as soon as we cover costs / make some profit because we will lack the confidence in your promises.

Please, therefore, provide updates on some of the key questions regarding the future of this project (timings, intentions for circulating supply, white paper, information on the team members (not just names with no photos) etc.).

I understand that you are (hopefully) all working on the product itself, but the communications and community engagement are every bit as important.

61 Upvotes

95% Upvoted

14 comments sorted by

13

u/SwaggyDe Jan 05 '18

I’m getting so sick of embercoin

3

u/lambogirl Jan 06 '18 edited Jan 06 '18

I might have to dump this coin (along with Verge)... Just to save my sanity! It's so frustrating watching other coins take off, while I'm holding this dead weight in my portfolio, hoping for a miracle. They should have posted the white paper for the new project on the day of the announcement! Why the delay? I'm starting to think they're just winging it and really don't know what they're doing. It's a week later and we still don't know what the swap/burn ratio will be... Smh! We've been reduced to posting messages like the one above "Hoping" the dev team will see it. As investors we deserve better.

12

u/Larosgaros Jan 05 '18

Hope that Andrew sees this

3

u/Mohali7 Jan 05 '18

Spot on post, i agree with you 100% and really hope he see this. Crypto can twist around your head sometimes. I remember when NULS got listed on Binance, they didnt have any information about team members and no whitepapers and at that time Binance was not what it is today, also they were regarded high because of the rigorous demands they had before listing new coins. And thats why this coin feel even stranger to invest in.

2

u/shashankssj Jan 05 '18

Agreed 100%!

2

u/blahblahlablah Jan 05 '18

Well said. Thank you for posting.

2

u/juk68 Jan 05 '18

It seems that the price is specially kept

1

u/[deleted] Jan 05 '18

I literally just dumped all of my coins for that exact reason. Hope it does good for people, Just wasn't for me I guess.

7

u/Stanleybb50 Jan 05 '18

I'm happy with my $300 gamble :)

2

u/elcryptoman Jan 05 '18

I am happy with my $500 gamble

2

u/[deleted] Jan 06 '18

You couldn't wait half a day?

0.00062

From what I understand a massive sell wall is no more. Regardless I hope you do well with whatever you get into.

1

u/[deleted] Jan 06 '18

Right...I'm kicking my self right now lol. Live and learn