<center>https://steemitimages.com/640x0/https://news.bitcoin.com/wp-content/uploads/2017/06/shutterstock_543977269.jpg</center> # KEOS DEV TEAM GET READY FOR EXIT SCAM I wanted to start off 2019 with the third instalment of our [popular series, NEW EOS GOLDRUSH EOSIO AIRDROP TOKENS](https://steemit.com/eos/@digital-assets/new-eos-goldrush-eosio-airdrop-tokens-investment-opportunities-part-1), but unfortunately I am forced to start with an exclusive SCAM accusation regarding KEOS. Who the hell are KEOS you might ask? <center> []( https://www.keos.kr/)</center> ## KEOS KEOS is a team of dapp developers from South Korea, according to their website EOS holders are members and [stakeholders of a decentralized autonomous community and KEOS role is to facilitate and grow this ecosystem.](https://www.keos.kr/governance) KEOS also claim to be the most capable BP candidates for South Korea but at the time of writing they [only have 2843076.84 votes](http://eosnetworkmonitor.io) or a miserly 0.05%. KEOS originally showed some promise because of their initial link to MEET.ONE, another more prominent BP candidate, whose working dapp (MEET.ONE) helped users to [migrate their KEOS ERC20 token to EOS](https://medium.com/@keos/meet-one-keos-token-migration-guide-254da49ccd9) mainnet. Here is a quick [run down of the KEOS token taken from the whitepaper](https://drive.google.com/file/d/1MW8g3MjKjA8APaCJSJQsa9RaXG2YkcxM/view): ## TOKEN Symbol | Name | Total Supply |Community Holding % | DEV Holding % | 52 week range --- | --- | --- | --- | --- | --- KEOS | KoreaEOS | 1,500,000,000 | 40% | 60% | 0.00004 - 0.00038 ## EXIT SCAM On 2019-01-09 KEOS made a [sudden announcement using medium](https://medium.com/@keos/keos-%ED%86%A0%ED%81%B0-publish%EC%9D%98-news-%ED%86%A0%ED%81%B0-%EB%A7%88%EC%9D%B4%EA%B7%B8%EB%A0%88%EC%9D%B4%EC%85%98-%EC%95%88%EB%82%B4-ec50a523621c) which stated the team were giving up on the KEOS project. <center> [](https://medium.com/@keos/keos-%ED%86%A0%ED%81%B0-publish%EC%9D%98-news-%ED%86%A0%ED%81%B0-%EB%A7%88%EC%9D%B4%EA%B7%B8%EB%A0%88%EC%9D%B4%EC%85%98-%EC%95%88%EB%82%B4-ec50a523621c)</center> It explained they would be focusing instead on their more profitable venture, NEWS PUBLISHING. But donβt worry, NEWS PUBLISHING will be launching an ICO soon! The proposal stated that there should be a token swap of KEOS for their new token called PUBLISH. The KEOS to PUBLISH ratio would be 10:1 and the NEWS PUBLISHING total token supply would be 10,000,000,000... This means if that if you original had 1000 KEOS, you would be given 100 PUBLISH. ## *PUBLISH* Token Under this proposal, the total KEOS airdrop tokens swapped would only account for 0.6% of total supply. Effectively destroying the voting power of the KEOS community and giving the KEOS developers a monopoly with 99% of total token supply. The proposed new token would look like this: Symbol | Name | Total Supply |Community Holding % | Dev Holding % | --- | --- | --- | --- | --- NEWS | PUBLISH | 10,000,000,000 | 0.6% | 99.4% This an ultra skewed and unfair distribution but sadly something quite common in the crypto world. ## Reaction The reaction from the KEOS community was fierce with both English and Korean Telegram channel being bombarded with replies from angry holders. For a photo drop of all that madness check here. This continued until a [member of the KEOS team and Chief Security Officer, Chris Sung](https://medium.com/@keos/officially-introducing-keos-e2911f08081f), made an appearance to try calm investors. Chris, argued and even sometimes banned users who pointed out the token swap would reduce KEOS airdrop holdings to 0.6% of max supply. He also began deleting posts while denying any deleting was occurring before finally admitting to deleting (it was all quite hilarious). <center>https://i.ibb.co/9gbKyNJ/no-speculating.png https://i.ibb.co/RYD7FkQ/deleting-posts.png</center> KEOS show total disregard for the community that they are supposedly here to help facilitate and grow. Community members are demanding a 1:1 at the very least. Six months ago KEOS promised they would have their own dapp focused on being an EOS news portal, however to date this is still just vapourware. Their actions with the token swap stinks of an exit scam in the making. They do not care about KEOS anymore and especially do not care for those pesky speculators who have been trading it on the free market for over 18 months. The funny thing is that the KEOS "community" recently voted in favour of [giving 444,683,018 KEOS (all the unmigrated KEOS tokens), approx 120,000 usd at the time, to the developers](https://medium.com/@keos/%EB%AF%B8%EC%A7%80%EA%B8%89-%ED%86%A0%ED%81%B0-%EC%82%AC%EC%9A%A9-%EA%B3%B5%EC%A7%80-announcement-of-using-un-migrated-tokens-3588b7066c5c) to create a KEOS marketing fund. The market has shown their distaste for this kind of blatant manipulation and the price has since plummeted to 0.0000400 EOS. ## My advice today is: Sell while you still can!! KEOS is currently trading on all these exchanges: https://dragonex.io/en-us/ https://newdex.io/ https://hanbitco.com/ https://dexeos.io/ Visit KEOS telegram group: https://t.me/keos_official_en https://t.me/joinchat/GJ9DERIOoOblc6AotiLv9Q Thank you for your time. And as always may the trend by your friend! **EOS TIPS: [iloveedna555](https://eospark.com/account/iloveedna555)**
author | digital-assets |
---|---|
permlink | exit-scam-alert-south-korean-eos-block-producer-keos |
category | eos |
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Hmm could be an exit scam but sounds more like poor business decision leading to them losing all there money.
author | cryptoslicex |
---|---|
permlink | re-digital-assets-exit-scam-alert-south-korean-eos-block-producer-keos-20190114t075203274z |
category | eos |
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This was my response to the author when he posted the link to this blog post on our official telegram community. To this response he said: "Ok thank you for your reply and addressing all the points. I want to forward this to the author. Do we have your permission to republish this response." However, what is interesting is that it becomes apparent from the screenshots he used, particularly the telegram screenshot, that "Klintay" is the author of this blog, yet says he wants to "forward this to the author" out of his failed attempt to redeem himself from making this lie-ridden post. Yet, he still hasn't deleted it as requested. So here is a copy of my response: @klintay (<-- the blog author's telegram ID). No hard feelings. Just here to address the lies in your steemit post (https://steemit.com/eos/@digital-assets/exit-scam-alert-south-korean-eos-block-producer-keos): 1. THE COMMUNITY REACTION WAS FIERCE - Yes, initially it was. But after the new announcement which we just made, our community members are not only very excited but many are expressing gratitude for really taking into account what they have been demanding over the last couple days. BUT, our English channel wasn't really fired up other than you Klintay. Let's not exagerrate. Also, community sentiment is never permanent. As long as a project is on, so is the ever-changing community sentiment. Trying to appease the community is definitely a virtue, but what matters truly is that the team continues to work towards growing the business into success and accomplishing a thriving ecosystem alongside the community. 2. POSTS WERE DELETED TO COVER THE TRACKS - the post shown in the screenshots you posed as evidence was deleted specifically because a new announcement was made to replace the old. Where I do business, usually when news is updated, people don't assume tracks are being covered. We didn't delete anything really, we are just doing our job to ensure that our users are not confused. 3. CHRIS BANNED (MULTIPLE) USERS - I banned you Klintay, and you were the only user I've ever banned. The reason is simple, you wouldn't stop calling us "scum". You were banned simply because you refused to follow the elementary rule set forth within the community. 4. ALLEGATIONS ON KEOS VOTING FOR THEMSELVES - It's all in your head. Where is the evidence? Did you know that when the migration does happen ultimately, that every KEOS held by the "company" (which includes the "marketing" allocation) will be gone, and not a single one of it will be migrated? You have to keep it mind, PUBLISH is not a "rebranding" or an "extension" of KEOS, but a totally separate business, much bigger in size and clarity both in terms of its vision, team and roadmap. 5. (Not a lie, but a poor advice) SELL WHILE YOU CAN - You can do that, and let your fellows do that too. But by doing so, you will only be doing the current KEOS buyers a big favor. The choice is really yours. Please be aware of how wrongly you are accusing a team of dedicated individuals that is both sincere and well-equipped to building something that is both useful and meaningful, not just for the tokenholders trying to exit, but for the industry. And please refrain from making simple arithematic comparison. Saying KEOS migration has to occur at 1:1 ratio with NEWS is akin to supposing shares of a lemonade stand in its infancy deserves equal valuation as the shares of an established supermarket. Sure, a lemonade stand can grow into something phenomenal, but if the team who is running the lemonade stand has an evidently better shot at running and growing the supermarket, which business would you get behind? The Korean community is less focused on KEOS and vastly more so on the migration or the refund proposal, and the details of each. The quiet majority may as well be in support of our long term vision. Those who have been relatively more vocal is now overtly busy trying to figure out when to sell. Price (buying) is soaring at the new update in every one of the exchanges you mentioned. It almost seems weighing the option of exiting either way with a profit by the ratio of 10:1 or 5:1 ASAP is really the only apparent issue here. Everyone has their reasons for being here. What matters is that we do what we can, without cheating or disappearing without a word. Please know that we have yet to make a single penny from KEOS, while you will certainly make some due to our accomodation. Please take a look at PUBLISHprotoco.io and see for yourself what we are trying to accomplish. Of course, PUBLISH like any business in the world is a work in progress. We are doing what we can to bring value to our valued holders by focusing on a business that we know we can maximally utilize our expertise in.
author | keos |
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permlink | re-digital-assets-exit-scam-alert-south-korean-eos-block-producer-keos-20190115t054253165z |
category | eos |
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Congratulations @digital-assets! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) : <table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@digital-assets/votes.png?201901140711</td><td>You made more than 10 upvotes. Your next target is to reach 50 upvotes.</td></tr> </table> <sub>_[Click here to view your Board](https://steemitboard.com/@digital-assets)_</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> To support your work, I also upvoted your post! > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
author | steemitboard |
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permlink | steemitboard-notify-digital-assets-20190114t115011000z |
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