https://safcoin.co.za/

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Well-Known Member
Joined
Jan 13, 2018
Messages
232
#81
Interestingly, according to http://safcoinblockexplorer.com as of today virtually the entire supply of SAFCoin is stored in only 9 wallets, all of which are almost certainly controlled by FHM (the company that runs SAFCoin). These are:

Wallet Balance Comment
SjcThru2o2qX8X1BDXK6nicpVaHuQHkQCz (2 140) Account coins were premined to

SUcwhzxcr19fcbt6A67aYBigozVFyqfTBj (500 000) Presumably the "purchased" coins
SMuXU82zqy2GEeiLyNxLhyxTHZxXh9MZbE (4 500 000) The FHM "reserve"
SYZZnirRqM3prcfDsbd26f6Gs5yrNhiGV6 (80 080) Mining block rewards
SUfVoVQeMKyuBpcGqmAmZnDEBEBLuySQkF (83 610) Mining block rewards
SgWPUKSJeDNvZSh8w2LPjbNnMWEzxsCgWz (39 100) Mining block rewards
STJb25MLjAWg5sU2z1KNSFo3P54iSeWDWx (17 950) Mining block rewards
SUn8nYGRE5Zdkz4mNBeyTqkg31PWEauCDy (99 880) Mining block rewards
SdRmEKxaM2cPvXFMxPAVGXVQcp3VXzpTom (32 270) Mining block rewards

Total 5 352 891
Coin supply 5 362 860
Coins unaccounted for 9 969

The first three wallets are definitely controlled by FHM, as this is where the premined coins were initially received and then transferred to. It is highly likely that the six mining accounts are also controlled by FHM, given the number of coins they have mined. It's interesting that the 500,000 SAFCoins that were available on the ICO are all still sitting in an FHM account, rather than having been distributed to individual customer accounts.
Its like the "419" from Nigeria, Do not trust anything coming from Africa!
 

AndyR

New Member
Joined
Nov 21, 2013
Messages
5
#82
The title of their web pages is a bit odd...

<title>Buy Bitcoin or Africa’s very own cryptocurrency: SAFCOIN - using your desktop, Android or iOS device. It’s safe and easy!</title>

So are you buying Bitcoin or Safcoin....?
Their exchange allows you to trade between Bitcoin, SAFCoin and Fiat.
 

John Tempus

Expert Member
Joined
Aug 8, 2017
Messages
1,391
#84
Ah ok I see the angle. It does look like someone put work into the site, I created an account to look around more.
No one put any work into the exchange. It is a free opensource exchange code they downloaded and made a few adjustments like custom naming. Takes no genius to do any of this, could not have cost them more than R500 to get the final exchange product out.

Have a look at RubyKube Crypto exchange platform.

Now back to the exchange itself, 99.99% of the trading on there is wash trading. Don't waste your time or money on this scam.

Just look at how badly they fked up accounting for decimals, current BS trading price is - R88.009228481829290175939297097 per SAFcoin.

HAHAHA
 

neoprema

Expert Member
Joined
Jan 12, 2016
Messages
1,867
#85
No one put any work into the exchange. It is a free opensource exchange code they downloaded and made a few adjustments like custom naming. Takes no genius to do any of this, could not have cost them more than R500 to get the final exchange product out.

Have a look at RubyKube Crypto exchange platform.

Now back to the exchange itself, 99.99% of the trading on there is wash trading. Don't waste your time or money on this scam.

Just look at how badly they fked up accounting for decimals, current BS trading price is - R88.009228481829290175939297097 per SAFcoin.

HAHAHA
Well, thats a Burn :)
 
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