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Tribal Finance has probably scammed us via Coinlist

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by COINS NEWS 82 Views

In March 2022, the TRIBL ICO was on Coinlist, which I also took part in. I have registered for ICO several times before, often I was on the waiting list at number 500,000 upwards. Unfortunately for me (in retrospect), I was able to invest in TRIBL, which I did.

Since then there have been a few newsletters from the TRIBL team in 2022, but nothing major has happened. From March 2023, the tokens should have been released within 6 months for option 1 and within 12 months for option 2 (see here: https://coinlistwiki.com/tokens/tribal).

Instead, in March 2023, the unlock schedule was postponed to April 9, 2024 and we were put off with airdrops: https://tribalcrypto.medium.com/exclusive-locked-airdrop-for-tribl-coinlist-participants-a83780625877 I didn't even receive an email about it at the time, but found out from Coinlist support, who I contacted because I didn't receive the tokens after this period.

On April 6, 2024, Tribal posted this tweet and disabled replies:

https://x.com/tribal_crypto/status/1776398628153967026

Dear Friends of the Tribal Ecosystem,

In light of the necessity for regulatory compliance, the token release scheduled for April 9, 2024 will not occur at that time and might not occur at all.

To the extent that there are further developments relating to the token program, any such updates will be provided on or around April 30, 2024.

The team has delivered nothing, delayed everything and may never deliver us anything while the token price has steadily dropped.

ROI

ATH ROI of option 1 would be 3.71x (currently 1.32x)

ATH ROI of option 2 would be 5.1x (currently 1.82x)

We will most likely see 0x.

submitted by /u/_simple_man
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