Thought the USI-Tech Ponzi scheme had utterly collapsed?
Yeah, not fairly.
USI-Tech had initially deliberate to exit-scam by means of the TechCoin ICO.
Y’know, the same old stuff: Promise the shitcoin will moon, get it listed on some shady exchanges after which convert unpayable Ponzi ROI balances to TechCoin and do a runner.
Fortuitously USI-Tech’s plans have been interrupted by pesky US regulators. Nonetheless they did handle to launch TechCoin and maintain a number of buyers strung alongside.
Sadly adoption of TechCoin isn’t the place USI-Tech desires it to be simply but.
USI-Tech continues to be making an attempt to get TechCoin listed on an alternate. To additional that purpose they’ve arrange “TechCoinDeals”.
TechCoinDeals is an an e-commerce web site techcoin bagholders can buy objects with a mixture of techcoin and bitcoin.
The inner worth of techcoin (TCI) is fastened at €0.5 EUR.
“Luxurious” objects featured on the TechCoin web site at the moment embrace an iPhone X (318.5 TCI + 0.109 BTC) and MacBook Professional 15 (803.75 TCI + 0.276 BTC).
There are additionally “luxurious auctions” for Mercedes-Benz vehicles and Rolex watches.
As I write this solely a lot of classes even have any merchandise in them, and people who do usually state:
These merchandise are for show goal solely and the value shouldn’t be precise.
I.e. you’ll be able to’t truly purchase them.
Nonetheless, USI-Tech lately despatched out an e mail begging USI-Tech buyers to make use of the positioning.
We encourage each TCI holder to hitch the TechCoin Offers neighborhood and take part actively in promoting, shopping for, or bidding within the market.
This ensures the continual circulation of the provision and demand of the coin, thus, growing its worth and sustainability inside the neighborhood and the remainder of the crypto area.
In the mean time, TechCoin is focusing its sources on the TechCoin Offers.
As soon as we now have constructed a steady and strong neighborhood of TCI customers, we are going to broaden our attain to the buying and selling and alternate trade and finally launch the TechCoin Alternate.
The launch of TCI’s alternate platform can even introduce the coin to all the crypto market the place customers can commerce their cash with different digital currencies.
Along with the eventual launch of the TechCoin Alternate, TCI can even be listed in most public exchanges to present extra utility and sensible use of the coin.
The growing worth and utility of the TCI within the TechCoin Offers and the longer term alternate can even maintain the worth of the coin, on the similar time present a extra dependable safety to all present and future coin holders.
To appreciate this purpose of putting the TCI within the buying and selling market, the TechCoin Staff, along with all of the coin holders, should work collectively and construct a powerful and regular neighborhood of TCI customers.
Using TCI in TechCoin Offers will definitely enhance the coin’s worth, encourage extra customers to take part within the motion of the coin inside the market, and finally create a thriving TechCoin neighborhood, which can in the end give start to the TechCoin Alternate.
With TechCoin Alternate, customers can do extra with their cash and improve their TCI property.
The issue after all is that USI-Tech buyers didn’t spend money on TechCoin to truly spend it.
They invested in it as a result of they thought they’d have the ability to flip it at the next promote value.
Thus is the core drawback behind each MLM altcoin e-commerce market.
To summarize: Why would customers spend an altcoin once they’ve been advised it can improve in worth?
Arguably this conundrum could possibly be extrapolated to elucidate the dearth of utility throughout all the cryptocurrency area, however that’s a difficulty for an additional author to sort out.
At this level it’s fairly apparent USI-Tech aren’t allowing inner TCI buying and selling as a result of the second they do, the factitious €0.5 worth will collapse.
They’re not having a lot luck with exterior exchanges as a result of no one outdoors of some USI-Tech victims maintain the coin, that means there’s no exercise to indicate.
Exchanges aren’t going to publicly checklist an already lifeless shitcoin – which is just about all TechCoin is at this level.
That and a endless carrot to forestall what’s left of the investor-base from submitting complaints with authorities en masse.