Petition to restore TFX tokens to minimum USDT value with immediate effect
Response by TriumphFX management 18 Jan 2023
Take this as a lesson.
Don’t get involved in any Ponzi scheme, it will hurt the society as a whole.
Any Ponzi scheme diverts funds from many people to few scammers. They probably move those funds overseas already. Pity those old people who lost their funeral money or wanting to leave some legacies to their descendants.
Scams will continue as long as victims continue to support.
Get Rid Of TFX
The decision to convert to TFX is a clear example of greed and lack of respect to all investors. Especially that no consultation or approval from investors was sought, or at least not from those that I have spoken with. There are clearly only 2 options here:
1) Abolish TFX and go back to USDT to restore the 1:1 realtionship with USD.
2) Make TFX a 1:1 relationship with USD in a similar way that USDT do by having the capital available to back the valuation.
Triumph should put their money where their mouth is instead of playing foolish games with investors money and livlilhoods before its to late and we all (i.e. investors) go down. I am sure Triumph will come our unscathed as they have no skin in the game.
Re: Get Rid Of TFX
#28: Destroying a good thing - Get Rid Of TFX
I'm sorry to say, but do you really really think they give a hoot about whatever investors' money they have a firm grasp on or yours or anyone's livelihood? Personally, I don't even think the Exchange is real, and has been built by them to allow for manipulation of the price. Think about it. Have you ever seen an exchange that's built on loose sand the way this one is?
TFXI has clarified two things
Their response has clarified the following two things-
One: TFXI has no intention to disappear or vanish. They will continue to exist so that they can continuously earn big money out of investors hard-working money.
Two: TFXI has no intention to make any changes, let alone improve the BS coin settlements.
They clearly stated saying that "TFXI management will NOT do anything, you losers!"
I have made a desicion what to do based on their response.
Buy TFX
In all honesty, I'm quite surprised that anyone is buying new TFX to be honest. I'd stay away from it with a ten foot pole. What is this coin backed on? It's not backed by any technology or anything fundamental. So really, who's buying this shit?
Re:
It looks like investors fate are sealed. The response from TFX management clearly shows that they cannot do anything to even raise the value to 0.8. All they did was offering lame excuses and meaningless assurances which means nothing to us! The writing is already on the wall!
Re: scam
scammers normally start off by giving out goodies. They they spread their net by roping more into the net. Once all the catch are in that where it gets interesting. I smell a rat.
Re: Re:
#33: Writing on the Wall - Re:
It has been on the wall from the moment they decided to experiment and move towards this "new" future. Anyone who is still in this thing or thinks that they can get their money back is seriously delusional. Good luck!
Re: Ponzi / Money Game burst?
#24: Ponzi investor - Ponzi / Money Game burst?
It is not bursting. I m still hopeful, so have I invested a lot, havent started withdraw back capital yet.
I think they need to get some extra help n increase the daily buy back amount.
Re:
FYI, NOBODY has ever received their full buyback amount (or at least i don't know anyone who has). I only know of one person who was successful at selling 1000TFX, but they only bought 80TFX of the 1000TFX. The rest of the 920 was transferred back into his account. What logic is this, I do not know.
Since the start til now my problem still not solved. I has been putting support tickets to tell the support team during the glitch the system has eat up my canceled buy order and not refunded the USDT back to the account. A simple verification and action can't be done. But they are quick to reply this.. You tell me.. What future?
Re:
This is what happens when an investment company pays two high school students peanuts to code a crypto exchange in-house with capabilities for price manipulation. I mean, seriously, do you know ANY other exchange that is as poorly developed as this? Why don't you just spend some time to look at some of the transactions there.. You'll see a lot of transactions selling 1.00TFX.. I mean, really? Do the math here, guys! Who would want to sell 1.00TFX???? It just doesn't add up!! Are you people seriously so blind?
Re:
Don't fool yourself, my friend. If they gave you time to assess, over 90% will withdraw and run. Ponzi schemes don't give "investors" time to do this because they don't have the funds to pay everyone out. The biggest joke is that people still believe the exchange TEX is compliant and genuine.
Re:
Obviously this is possible, since they very obviously developed the exchange in-house and have full control over the code and functionality. But if you were them, why would you want to? The answer is simple. Because they can't pay everyone out at $0.80. This is a ticking time bomb. Get out at $0.27 while you can.
What kind of explanation?
Well done to all fund managers who generated good profit!
But Triumph FX created a system that drained most of the profit. Down it goes into the drain.
Integrity is far more valuable than success in making money. If people are losing confidence in the integrity of Triumph FX, then TFX has started to make losses.