On January twenty first Hyperverse introduced a partnership with Genaro Community.
Who’s Genaro Community?
Some blockchain bro information firm no one’s heard of.
As per an accompanying press-release;
By way of this cooperation, each events will work collectively to determine metaverse WEB3.0. Within the building of metaverse, decentralized blockchain cloud storage is an integral a part of it.
Genaro Community will present HyperVerse with decentralized encrypted storage service, and furnish customers with environment friendly and protected storage of large information.
I figured this may be on account of Hyperverse being unable to make use of common cloud suppliers as a result of, y’know… the entire Ponzi factor.
Anyway I didn’t report on it as a result of it appeared largely a logistical announcement with little relevance.
Seems the precise purpose behind the partnership is way more sinister.
As per a communication despatched out to buyers within the final 24 hours, Hyperverse suggested;
Expensive customers,
As Hyperverse and Genaro Community has reached the strategic partnership to collectively construct our metaverse.
GNX tokens have gone on-line within the Hyperverse and can be found to change utilizing HU tokens for all members of the neighborhood.
Hyperverse’s Genaro Community partnership is simply an excuse to launch one more exit-scam shitcoin.
GNX token appears set to be a punishment coin, dumped on Hyperverse buyers who don’t recruit or reinvest.
The event of Hyperverse requires all customers to collectively take part and carry out their respective duties.
Customers who haven’t pushed the event of the Hyperverse market nonetheless present underlying help for the Hyperverse ecosystem.
Because of this, customers who solely make underlying storage contributions for Hyperverse ecology can solely change GNX.
And if being pressured to just accept cost in a brand new shitcoin restricted to Hyperverse Ponzi bagholders determined to money out wasn’t dangerous sufficient, it will get worse…
Genaro Community must replace and improve its community.
The withdrawal service of GNX is quickly unavailable and is anticipated to be restored in mid-February.
There you have got it. Precisely what this Genaro Community partnership is all about.
The GNX token is the fifth shitcoin hooked up to the Hyperverse Ponzi scheme. It follows HyperCash, HU, MOF and HNT.
If you happen to’re questioning why Genaro Community has hitched its wagon to a Ponzi scheme, right here’s why:
After doing the shitcoin pump again in 2019, GNX dumped to between 1 to 2 cents.
As Hyperverse inches nearer to whole collapse, different current withdrawal restrictions embody bitcoin bonus swimming pools and locking accounts.
Hyperverse’s bitcoin bonus swimming pools had been launched just a few weeks in the past. They successfully permit Hyperverse to slash ROI withdrawal legal responsibility, by paying buyers a fraction of HVT’s public buying and selling worth.
With respect to locking accounts, Hyperverse is suspending any investor account it deems is “irregular”.
Expensive Person,
Threat notification of the account.
Your account asset consists of abnormality! HyperVerse has stopped your cost of bonus earnings and restricted quickly the switch and withdrawal, with a threat of quantity theft there could also be.
Please end the id authentication as quickly as potential to renew your regular capital transaction and assure fund safety.
This stops each withdrawals and day by day monopoly cash ROI accrual within the backoffice.
Hyperverse house owners Ryan Xu and Sam Lee fled to Dubai final 12 months. They’re on the run from liquidators in Australia and haven’t been seen in months.
