I am wavy of YUMMY
When I saw Yummy yesterday I got excited very fast, I did not check the pages with the "documentation for donations" but just got excited about the price chart earnestly.
Today I looked at the page with the "documentation for donations" for feeding the poor. And here it is:
https://www.binance.charity/binance-lunch-for-children
Basically pictures like this with a lot of text. Is that real proof that they spend the money feeding poor children? Come on!??! Seriously... I feel so stupid now. This might be a scam.
I dont like centralized exchanges, and I dont trust them that they give money to poor children. Actually its the same old problem with charities, in the old world, we never knew that they didnt just steal the money them-self and not give them to the people they say they do. Its always been a huge problem.
The only thing that really work, is if you give the money directly to a poor hungry person yourself.
I cannot prove that Yummy is a scam, but on the other hand, I do not trust that those 3% end up feeding poor children all over the world.
I will ride the Yummy wave, but probably not buying more. I like things that is proven not to be a scam, like HEX better then this. Yummy might pray on peoples willingness to feed the poor and its an ugly scam if it is so!
I did listen to conversation between the "big ceo" of Yummy and other random people in telegram today. His story was that he is very young, he didnt say a number but probably 18, 19 or 20 and that he lost his parents early. He dont believe in school (which I think the same, you can learn everything of value in the free market online), but when I heard about their plans for a market place for charities, nft marketplace and so on, it seemed scammy again to me.
I dont know, there is a chance this is a scam / scammy operation, with a young ceo that found a smart way to grep a lot of money. Also he said his first name, but I couldnt hear it clearly when he said it and his name is not disclosed on the site. could be to avoid regulations, but could also be because he is scamming.
I dont know, I dont think I will promote Yummy anymore, but just ride the price wave.
/Lasse
Always good to do due diligence before investing. Using the empty bellies of children to sell tokens, inflating the price on the backs of well intentioned investors, is a pretty wretched thing to do. Gives crypto a bad reputation. Maybe it is legit, for their sakes I hope it is.
yes, I agree, it was my first thought "how we know if they give the money to the poor people/children?", but the price chart up 10x in a day made me not dig deep... The problem here is that there is no way to know if they give the money or not... and this coin could continue the wild pump!...
Thanks for your comment.
I will probably sell my Yummy at a huge profit and sacrifice it into PULSE when that time come, right around the corner...