Binance crypto exchange helps indirectly in "Pump & Dump" schemes ? Here is the proof
I have always been very careful when it comes to some suspicious offers online leave alone the Crypto space but today what I saw was very shocking.
Why would an exchange promote a cryptocurrency to gain volumes ? There should be some possible link between them else why would someone particularly ask someone to trade in one crypto by showing the greed of big cars and phones. Even if Binance is doing it for their commission earned on trades still this is a scam as they should generalize the trading but not targeting it towards just one coin. This may push the prices up in a very unfair way causing loses to small and new investors. I lost my respect towards Binance.
I will post the link of Binance where you can read the complete competition list :-
Yes. This is crazy competition. if you have BNB, you will only pay 0.05% commission. I am not sure if the prize is actually distributed or not.
You can try 2nd competition. it is a sure win TRX if you trade high enough... :)
Yes, It looks like a scandal. No one even knows if they actually distribute the gifts or not and even if they are giving then for sure this is a scam. How can an exchange ask someone to raise the volumes in return for gifts ? It is more like bribing. Please resteem and spread the awareness to everyone. Thank you!!