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Author Topic: Are yobit IEO/ICOs and Airdrops scam or a worthwhile trading opportunity?  (Read 14047 times)

harryh

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Many cry scam when it comes to Yobit.  Admittedly, their tokens have no real world value but there is the possibility that this exchange can provide unique investment/trading opportunities.
Their exchange token Yo is currently trading at 0.14 btc, with a low last June of 0.002btc and then high in August of 0.18btc.
The current yobit IEO started at 0.00000001btc, immediately up x10, then dropped back to 5 sats for a few days, before climbing to x30, with a peak later at 0.00000048btc and all this with 10% daily investment box (12% with Yo stake)
They have also started airdrops, the first was very profitable for traders, especially for those holding YO, starting at 0.001 - 0.005 btc and with investment box availability. There was a catch with this however- although the airdrop was for 100 tokens(or more depending on your Yo stake), 99% of these were locked in the investment box, with only the 1% available for immediate trade and then afterwards, only your daily % provided that stipulated conditions were met. Still that 1 coin netted some a handsome $70 when trade started( USD pair actually shot to $500 for a couple of lucky sellers )
For their second airdrop, Yobit are now offering 700 Yodollars to those who join their telegram, at first this could be claimed from joining their telegram bot, then other conditions were imposed- joining their other telegram, joining their forum and posting a positive comment and then later another restriction was placed on referrals "We have launched anti-bot algorithm. Poor quality referrals will not be counted."
from a telegram user -
New friends (behavior is being analyzed): 0
Paid friends: 2
Declined friends: 13
And so far there is not really any information from yobit regarding the token itself, so most likely will not be ERC20 and will have unlimited supply. Probably will have an investment box and always the possibility that it will be like the previous airdrop with tokens locked and conditions that need to be met to earn daily %.
Is this just another yobit scam or a worthwhile trading opportunity? It is free and i guess there is always the possibilty to make a few bucks.
« Last Edit: January 01, 2020, 05:07:06 AM by harryh »

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endlasuresh

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I referred a friend and they decllined it looks like it is not a worth at all. Let we see on January 28 for trading yo tokenand how many will get moneyin their hands.
In Bitcointalk also we see a lot of negative poinst and scam accusations on Yobit exchange.

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:)

coinzzzpro

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You can't put YODA tokens on the stock exchange now? I know there are no trades, but I just want on my yobit.net  balance.

harryh

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Re: Are yobit IEO/ICOs and Airdrops scam or a worthwhile trading opportunity?
« Reply #3 on: February 09, 2020, 11:06:52 PM »

seems that for those willing to jump through all the hoops, and in particular for those that were able to procure a large number of referrals, the airdrop was quite a success

new yobit IEO/ICO in 60 hours, this is definitely something you do not want to miss, but trade smart!

harryh

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Re: Are yobit IEO/ICOs and Airdrops scam or a worthwhile trading opportunity?
« Reply #4 on: February 11, 2020, 11:49:31 AM »
starts in 27 hours

ICO coins: 419,000,000
ICO price: 0.00000100 (100 sat)
ICO amount: 419 BTC

ICO rules:

- 100% Buy wall (ico price)
- Buy limit: 4 btc
- InvestBox: 7% / daily (special bonuses for Yo Holders)

nicwenzel

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I have tried several times to start trading on this exchange, but in fact, I have suffered losses, since there are very few active traders on the exchange.

SauvasET

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I have tried several times to start trading on this exchange, but in fact, I have suffered losses, since there are very few active traders on the exchange.
Have you tried connecting trading bots? Have you considered this variation?

nicwenzel

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I have tried several times to start trading on this exchange, but in fact, I have suffered losses, since there are very few active traders on the exchange.
Have you tried connecting trading bots? Have you considered this variation?
I thought about it, but I do not have enough technical skills, because it is not easy to set up a trading bot correctly. :-\

SauvasET

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I have tried several times to start trading on this exchange, but in fact, I have suffered losses, since there are very few active traders on the exchange.
Have you tried connecting trading bots? Have you considered this variation?
I thought about it, but I do not have enough technical skills, because it is not easy to set up a trading bot correctly. :-\
I think you can find a lot of information about this here.https://tradingbot.info/exchanges-for-automated-trades/#Yobit 

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This is good, i have been looking for something like this. Thanks BTW
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sugarchrisp

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Re: Are yobit IEO/ICOs and Airdrops scam or a worthwhile trading opportunity?
« Reply #10 on: February 15, 2021, 10:53:02 PM »
It is not necessary to engage in trading on such coins,here the price is simply formed for fun by the founders of the exchange!Airdrops are quite good, if you understand the features of the exchange and its casino character, you can earn on it, without heavy effort!You need to have experience in the markets to consciously go into such speculation on Yobit!
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msz900

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Most of the Yobit Coins, IEO/ICO are scam and they launched it just for the dummy pump so new users can invest in it and then they dumped the price. You can check the history of recent Yobit released coins and you will find out that they are all dumped now.
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