In a determined bid to legitimize his CMDX Ponzi scheme, proprietor Tom McMurrain has been speaking up public buying and selling on the OpenLedger change.
These negotiations appear to have gotten so far as OpenLedger permitting deposits in CMDX, however so far as I can inform no precise public buying and selling happened.
Now OpenLedger has introduced it’s pulling the plug on CMDX assist.
In a CMDX “State of the Union” video dated July eleventh, McMurrain (proper) was positively gushing about having discovered an change.
We’ve met with over thirty totally different cryptocurrency exchanges, there’s a number of junk on the market, however we narrowed it down to 5.
We’ve chosen the change we’re itemizing on. They’ve been round for 5 years.
Y’know they’re a really well-known model within the blockchain area.
Very effectively revered, and so they have been impressed by our enterprise mannequin, expertise and the tokenomics of CMDX.
And I’m actually glad to announce we can be itemizing the CMDX token on “openledger.io”.
We’ll be creating a proper consulting relationship with them as effectively, so we will conduct a 100 hour tech audit, roadmap and high-level imaginative and prescient doc, so we will see CMDX by means of the eyes of extremely skilled blockchain consultants.
I’m actually wanting ahead to going by means of that with them.
In one other “State of Union” advertising video dated July twenty first, McMurrain said;
We’re a few weeks away from having a publicly traded CoinMD CMDX token on OpenLedger DEX.
That’s the final “State of the Union” video McMurrain printed so far.
In an August eighth announcement printed on their web site, OpenLedger suggested;
In response to the audit outcomes, we arrived at a choice to terminate the assist of the CMDX gateway.
The above-mentioned gateway can be disabled in keeping with the phrases and circumstances of our itemizing settlement with official token representatives.
CMDX token deposits have been disabled instantly. Withdrawals can be disabled from August sixteenth and assist of the platform dropped on August twenty first.
OpenLedger didn’t disclose what their audit revealed. No matter it was although, it was sufficient to sever ties with CMDX and McMurrain efficient instantly.
On the time of publication McMurrain is but to answer OpenLedger dumping CMDX.
Given the pervasiveness of dodgy crypto exchanges, it’s doubtless he’ll simply transfer to get CMDX listed elsewhere.
By public buying and selling, McMurrain and CMDX buyers hope to launder nugatory CMDX tokens by means of different cryptocurrencies.
Following the collapse of OneCoin in early 2017, McMurrain launched CoinMD as his personal Ponzi factors spin off scheme.
CoinMD collapsed just a few months in the past and was rebooted as CMDX.
Though the US makes up nearly all of site visitors to CMDX’s web site (88%, Alexa), funding clever McMurrain is primarily soliciting funding in Nigeria, Vietnam and the Philippines.
McMurrain has said he hopes to have a million CMDX buyers on board by Could 2020.
Replace tenth August 2019 – Following a purported dialog between Tom McMurrain and OpenLedger’s legal professionals, the reference to an audit has been faraway from OpenLedger’s announcement.
The quote in our article above referencing the audit, is because it appeared in OpenLedger’s announcement on the time of publication.