My dropil journey

A little summary of my journey on the dropil boat or how did i see through them...

I got in dropil in february at the pre ico stages.

Passive income sounded good (DEX bot). They were showing their faces, they looked young but motivated. I thought i had found the to become successful new legit project !

I from the start couldn’t get my head around on how they would pay the returns to their customers. They would have to buy drops on exchanges to keep things afloat but from an economical point of view, this didn’t make sense.
Returning in their token and injecting constantly more drops into the system would crush its value...

I therefore addressed those sustainability issues to the whole team back in March. They answered me in such an arrogant manner.
They told me they thought it all through and that the project is sustainable.

The weeks went by and I could not see an increase either in the volume nor in the token holders (never happened until today).
The promised exchanges took longer than planned.
But hey! DEX was performing and the token was quite stable.
Nothing to worry about.
Eventually they did their first evaluation and decided to lock our investment... In USD @ 0.005$/drop !
It was a nice gesture since the actual price was lower but then I knew something was wrong.
How could they ever lock a USD value when DEX is only working with cryptos experiencing a blood bath. You could argue that they exit all their trades in tether or fiat. Probably...

Then the vault went empty and they did their first buyback at a LOWER price than market price.
We had been consistently experiencing very small volumes on all the exchanges.
But, suddenly in 2 hours, they somehow managed to buy 3,2 millions USD worth (bought in BTC) of drops.
This just didn't add up!
Most investors had their investment locked at 0,005$ and only fools would have sold @ 0,004$.

The second buyback was another joke.

Basically an insult to our intelligence.

Of course I could see they were really struggling with the sustainability of the project and were finding tricks to solve that issue.

This just isn't something you think about half way through when you are playing with 60 million dollars worth of ETH or BTC (ICO).

This is showing great amateurish behaviour.

But I couldn't leave it here and really wanted to know where those 2.3Billion drops came from. I mean we are talking 7-8% of the total supply.

Then a couple of investors (friends) got banned from the channel for asking too many questions and Jeremy (CEO) justified the ban in a very unprofessional way.

They were simply asking why so many addresses exist in the Blockchain since ICO and of which funds never ever moved or got into DEX. We are talking tons of addresses.

Then came the epiphany lol !
I suddenly realised that the only way for them to do those presumable buybacks would be to own those drops.
They had them all from the start and were just allocated to many different addresses.

The conclusion to this is that they doctored the ICO in order to fake project adoption and get going with the project.
They never got 60m $ worth of Btc,eth...

After all, they weren’t amateurs but rather fraudsters and scammers.

The buybacks were just a case of shifting their own drops from multiple private addresses (never invested in DEX, which investors would do that??) to the vault.

The last change of evaluation was the icing on the cake.
From one day to another they reduced our investment in DEX by 75% and so, in the name of sustainibility.
How convenient!
I then knew for a fact that I entrusted my money to reckless
Kids with very little knowledge of basic economic or respect towards their investors.

I sold all my 5M drops 3 days ago. Still made a bit... Not much...

Anybody who dared asking legitimate in depth questions got banned.

This alone is a red flag.

Dropil manages to stain the blockchain and achieves the exact opposite of what their white paper states, a bright future for crypto!