so many contradicting statements in the video. say they stop accepting new investors but opening for china investors. than to the world. at the same time saying people are interested in joining after people start seeing their video. In one of q2 slides it claims that 90% of tfx coins is attached to FM and the other 10% in tradable. it also states NEW investor. how can la?? they claim to stop taking in new investor. the other funny part about this 90% vs 10% is that how can with just 10% of the tradable coins drives the value from 1 TFX to 0.3 TFX or even from 0.3 to planet mars? its also mind boggling that TFX coins is at 10bil coins in etherscan but only 10% is tradable. its truly a mystery.
q1 you decide on your own whether its a scam or not. hamsters waiting for pallets dont believe it is.
q2 speaks about what is the change about. the chart show its more complex because previously its investor invest in USD - trade in USD - profit in USD and withdrawal in USD. New model is investor use cash to buy USDT - buy TFX - TFX than converts to USD for trade - profit in USD - than convert to TFX - investor sell TFX - TFXI pays in USDT - investor withdraw from USDT. Why the hell create a complex system when there is a straight forward easy system in place already.
q3 in the session talks about TFXI being regulated for managed funds. Coins is a different product entirely and FSA seychelles does not regulate virtual asset. can check the new notice FSA seychelles has issued on this.
q4 talks about why create Tex and the claim is because liquidity provider can only allow withdrawals of 10 million a day. Therefore creating Tex does not solve any problem because whatever they do, only 10 million withdrawal is allowed a day; coins or no coins. funny thing is, liquidity providers while majority are banks dont operate like the normal deposit and withdrawal mode for retail banking. its a trading account that does not have any limits. This goes back to Q2, whatever you change, there is still a limit of 10 million. another funny thing is that the forex market trade is a USD 7.5 trillion a day market. USD 10 billion is peanuts for liquidity providers.
q5. tried to explain that current banking system cant handle 10 billion. again, the forex liquidity providers are handling USD 7.5 trillion trades a day and its not like people are withdrawing 10 billion every day from TFXI.
q6. the claim is that TFXI has informed investors in november 2022. The withdrawal problems has started long before that leaving many investors not being able to withdraw before the change took place.
q7. just la say TFXI does not want to pay investors. no money. They want new money from new investors to pay the old investors that wants to cash out. spin here and there no point. contradicting as well because only 10% of the coins is tradable.
q8. if the value is 1 investors does not want to buy? what nonsense is this? investor are trading coins or fund management? if the value is stable at 1to1, its just like depositing and withdrawing USD while getting 7% returns. who dont want to buy if like that? than talk potential for coin value beyond 1. hello, first you say people dont want to buy at 1. now you say got potential to grow beyond 1. spin to the moon and back to earth these people.
q9. what non-sense is this? create TFX because there is limitation in banking and also USDT. UDST has a total supply of around 60 billion but on a daily basis the trade volume is around 30 billion. this data can easily be check on google.
q10. you will make a lost if you detach and sell at market but you will profit if sell at 1 and to the moon. in q8 this guy says people dont want to buy at 1 already. want to spin till mars is it?
q11. who is profiting? the claim is new buyers. very misleading. you deposit money previously at TFXI in cash USD 1.00. TFXI keeps the money in the bank and gives you 1 coin that does not tie to any value. Than you sell at 0.3 and lose 0.7. TFXI gets another 0.3 from new hamster. so TFXI total now is USD 1.3. still blind?
q12. why cant withdraw? hello people asking why cannot withdraw 1to1 la. deposit 1 usd, traded using usd and get return of usd 1.07. but when want to withdraw can only get usd 0.32 at TFX value of 0.3. so blame bank, liquidity provider, USDT. in coclusion, if want to withdraw its either play daily jackpot of sell at a lost while TFXI gets more money in their bank.
q13. blaming investors for cashing out. its their money la. you go to bank and say you want to withdraw your money and they say sorry, you put in rm1 but since you are withdrawing, we only give you 30 cents. its your fault because you are taking out your money. what nonsense is this.
q14. burn coins. no value la. can burn and mint as much as they please. whenever they burn do you see the price going up? why not talk about those that they have minted as well which brings back to the only 10% is tradable.
q15. business is not sustainable because business has grown, profit has grown and withdrawals has grown. Hoi..what non-sense is this? have anyone seen any business that has grown and making profit but become not sustainable? what kind of pallets are these people on? person who expose the scam is full of crap but TFXI which coverts investors money to coins without their consent, cant pay the investor withdrawal, make hamsters wait for 1to1 pallet everyday, does not reply to support tickets is hero. please share with us what you folks have been smoking.
q16. what they have done is brilliant?? take investors money, keep inside tfxi bank and give no value coins to investor and change investors to become traders with hopes that it will become a full fledge coins with value above 1 which they claim people dont want to buy while trying to get new investor to invest when they claim they have stopped accepting new investors. anyone understands that? than talk about online banking. online banking dont covert your transfer from 1 to 0.3 la.
the rest of the q&a is a load of spin between planet earth and other planets in the solar system.