Hive Engine Tokens: A Closer Look at SUB F Token
SUB F Token is sold on Hive Engine for 2 HIVE Each, and has a buy back possibility of 0.2 HIVE Each.
I bought a token when I first heard about the project to bookmark it
It sat in my Hive-Engine account quietly, until this past week, when I looked closer at the token and immediately sold my share.
What is SUB F Token
This token is designed to pool moneys together so that a payment can be made to JPB Liberty so that JPB Liberty can represent a group. The group is to bring a Class Action Lawsuit against Twitter, Facebook, and Google for crypto related damages.
After browsing articles I was left with the following questions:
Where is the "easy to understand" version of: The Class Member Agreement. This agreement is a 25 page document filled with law jargon.
When and where is the lawsuit taking place?
How often is money being withdrawn from Hive Engine? Where is the money going, and how much is it in fiat?
Why I sold My Share
I am in the cryptosphere to get rid of government surveillance. Using crypto to get into the Court Systems seems counter intuitive for my goals.
I believe that one day, the world will wake up to what facebook has robbed from us and a large scale class action lawsuit will be brought against them. I don't want to inadvertently cut myself out of any possible future action against them.
The coin was difficult to understand in terms of payouts, and length one should hold for. The amount of income I invest does not quantify the amount of time it would have taken me to learn the intricacies of the coin.
Why doesn't your website work? Are you monitoring the project?
I still comment SUBF token and like the idea of using HIVE-Engine as a means to pull funds together
Giving each other small loans to help reach common good is a great trait for a blockchain to have behind them.
Do you hold Sub F Token? Visit them on Hive Engine and let me hear your opinion
Posted Using LeoFinance
I looked at this a month or two ago (?) when a comment was posted on a @spinvest post. Like you, I like the idea of mutual funds - pooling money together - to get things done that would be tough otherwise. However, while there seemed the potential for a substantial payout if the case won, there was no information about what would happen if the case lost. For me, this is a high risk token. I might put something in it, if I had had a windfall elsewhere, but I wouldn't invest anything I had had to work for!
The best case scenario is the token sell a whole bunch they pay for a few articles in some mainstream news press about the law suit Zucker gets a whiff of it and gives them a million or two to drop it as he doesnt want the bad press.
Thats best case scenario im sure you dont want me to go into the worse case scenario lmao 😜