Cloud Mining Platform Eobot started offering ZEC(ZCash) Cloud Mining three days ago. What a surprise for anyone who visited their internal crypto coins exchange platform to see a price of 250 USD for 1 ZEC recently while 1 ZEC is sold at around 2000 USD on Poloniex.
This price for one ZEC is valid this Monday this week and hasn’t changed since despite a huge upwards move in price for 1 ZEC yesterday on Poloniex and other exchanges.
And yes people who moved funds to the Eobot cryptocurrency exchange could buy Zcash for 250 USD with a 5% commission for the trade. But then came the surprise.
The withdrawal of ZCash is not working yet. Eobot today stated again that it will be available soon but do not give a time and a reason for the delay. They send people to their public audit site
Between XMR and FCT coin ZEC is listed with 68 ZEC in User Balances but 0 for all the other categories.
Further explanation is not given.
Is it a marketing trick to get people to the eobot exchange?
Is it a way to get liquidity first before providing their services for ZCash?
Will they use the funds to buy ZEC once it reaches below 250 USD value on the various exchanges like Poloniex and then open up the withdrawal while making a nice profit?
Or will traders be rewarded for taking the risk once the withdrawal works and the price for ZEC is still much higher on the other exchanges?
We will see.
Looks pretty shady to me. In my experience, if an opportunity looks too good to be true, there's usually something wrong. I wouldn't touch this with a 10 foot pole. But if anyone does try it, I'd be interested in hearing how it goes.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yep
Yep
Me too
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've only just begun on eobot perfectly content to increase my speed on the GHS4 since I don't have any mining equipment. with so much to learn, and really no funds to play with, I'm just happy to observe.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I saw it the other day, and I was thinking it's too good to be true.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very interesting....I'm new to the cryptocurrency thing....would definitely be cool to know how this turns out....thanks for the post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It was a trick by eobot. They only allowed withdrawal when the price of ZCash was below 250 USD. This shows their true business pratice. Would you trust them with your cloud mining?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit