The reaction of ‘Shark’ Binh and the development team when the price of Antex fell

The Antex coin sell-off has caused mixed opinions in the crypto investment community in Vietnam.

According to Coinmarketcap, the value of the Antex project token (code ANTEX) is up on the morning of November 30th. please 0.0009 USD, almost three times as high 0.002529 USD on 11/21 At 6 p.m. that same day, Antex was up 0.001 USD, no trace of a return to the old summit.

Another parameter that worries many investors is liquidity. From above 17th Million dollars When it first hit the market, the total 24-hour trading value of this token continued to decrease and is now only around 2-3 Million dollars.

In many groups discussing coin gambling, users turned against Antex with acts like pumping virtual prices and maintaining liquidity so buyers could not sell at high prices. However, the Antex development team and consultants believe that short-term price increases and decreases, as well as low liquidity, are normal and do not cause them too much concern.

Investors protested over low liquidity for fear of “swinging up”

Antex’s project development team and Mr. Nguyen Hoa Binh have been suspected by many investors and accused of having withdrawn most of Antex’s liquidity after only a few hours of being listed on the stock exchange. Specifically, the liquidity of the ANTEX token rose after the listing, according to Poocoin. return 85,900 USD.

After the peak at the opening of the sale, the price of the ANTEX token has fallen almost three times. Photo: Coinmarketcap.

According to the approval of HL users, the project was only blocked by initial tests on BscScan 100,000 won USD into the liquidity pool of the ANTEX-Coins. Until November 21st the liquidity pool was blocked by the development team 700,000 won USD.

Mr TL, the investor who posted on Facebook in the cryptocurrency investment group, said that this “discharge” of the coin damaged the project’s image. “The history of trading on the exchange shows that the development team and early investors took profits every day Million dollars“, Said Mr. TL. Other investors have also published similar posts about the “Dumping Coins” development team.

Mr NDBut, the investor who pre-purchased the project’s digital currency, said he did not receive the number of tokens promised by the project. If the ANTEX token is listed on the stock exchanges, this investor cannot take any profits.

On Poocoin, users can view the project’s liquidity pool information. According to some investors, this number has been increasing rapidly lately, they think this is a sign that the developer is pumping more tokens to discharge. Photo: Poocoin.

At the same time, Hung said that the project team’s support was quite superficial. When the Antex-Coin was listed on the stock exchange, this investor was excluded from the chat function in the community group. When asked by the support team, Mr. Hung was removed from this group. An investor named DT also have the same assessment Mr. Hung.

“The support team on this project is unprofessional,” commented Mr. T.

“We are not yet interested in token prices”

As described on the website, Antex is a decentralized financial ecosystem. The project focuses on financial payment gateways and building stablecoin VNDT.

Antex’s blockchain ecosystem became known in mid-November when it was mentioned on his personal page by Mr. Nguyen Hoa Binh (CEO of NextTech Group). Mr. Binh himself works as a consultant, NextTech is an investor in WePay (the company that develops solutions for Antex and VNDT).

Answer us, Mr. Henry Tran, CEO of WePay believes that Antex is a long-term, fundamental project, so the development team doesn’t care about the token price in the initial stages.

“Antex is fundamental to the world of decentralized finance, so we initially focused on product development rather than paying too much attention to price on the floor,” said Henry Tran.

When asked about the sharp drop in liquidity, Henry said this was caused by three factors: Early round investors who took profits, did not have a large amount of tokens in general due to the initial distribution mechanism and the impact of the market in general.

“After the date of initial listing, most investors take profits from the investment principle in private and pre-sale rounds, which is also a common tradition with most crypto projects,” said Henry. He also said that many investors are still holding the token with expectations of long-term growth.

According to the original design of the token distribution, 16% of the total supply of 100 billion ANTEX tokens will be used for the distribution and operation of the project. Therefore, about 2% of the total supply from investors has been tied to the system in order to receive interest rates.

Mr. Nguyen Hoa Binh and 2 other executives from NextTech are listed as project consultants. Photo: Antex.

When asked about the criticism of the project, Mr. Nguyen Hoa Binh said that these are people who deliberately slander the project with negative intentions. Contrary to the reactions to cryptocurrency groups, Mr. Binh confirmed that the majority of users in the Antex and VNDT wallet communities still support the project.

“The vast majority of users in the community rave about the convenience features of these platforms. Many early round investors have now made 10 to 20 times profits, ”Mr. Binh told Zing.

Mr Binh also shared the same opinion that he didn’t care much about the price movement of the ANTEX token, as he believed that the project’s vision was to provide long-term DeFi services.

“Investors who are afraid, concerned, or in the mood to surf for quick profits should not buy Antex,” said Mr. Binh.

Tuan Anh – An Khang

ZING