Seeing a lot of conflicted people on here and social media platforms so decided I’d give this a post.
First off with this coin I think that it was super unprofessional and they definitely did not give enough notice on the hard fork. It confused a lot of people and I think them having two contracts lost momentum for things. Having been a holder before the fork I can 100% say all the coins bought before the fork were airdropped and 100% converted. I hold in coinbase wallet and used uniswap. There was definitely a reason for the hard fork and that can be researched on your own time.
That said, people calling it a scam. Almost every crypto can be seen as a scam and although many say they have use value rarely any do. Shit some of the coins getting pumped are just value based. Let’s be real, most cryptos are an investment for people to make money on much like the stock market. Personally, I think the idea of trying to merge a meme coin with some utility use value is actually pretty innovative and exciting for the crypto world, like what eMax is trying to accomplish.
Their last AMA was interesting and had some good points. I’ll put a rough summary below. They have enough marketing and credibility to take some of my money. If it goes off awesome, if not we will live another day. Just put what you can afford, FOMO is real and you have to be disciplined when investing. Yes this coin is an investment just like anything else, do your research and come up with a plan of how you will buy and when you will sell.
Side note, it always makes me laugh that people post stuff like this is a rug pull, scam, etc and act like they really care about people losing money. Like are you pro actively seeking out options signals discord’s letting people know that they will probably lose money on these? Are you seeking out scammers that contact by phone / email and take money from old people? I’m still failing to see the point on those types of posts.
Latest AMA summary
Major take always that I got from the devs talking
1) After hard fork- Coin is now a culture coin(not a meme coin) Tmt(floyd mayweathers company) now endorsed emax for all their stores and companies that Floyd own ie his jewelry stores.
2) pushing to turn this coin into a utility coin meaning you can buy anything with this coin using an emax debit card. But right now they are using this coin as an event coin meaning you can use this coin to buy tickets to concerts, raves, ufc fights, etc. but it has to be approved by the event to be able to utilize it.(work in progress)
3) devs said it’s realistic for emax to hit a penny because of the market cap being reached in just two days. The reality of the coin becoming next Bitcoin is real. Emax is the fastest growing crypto in history.
4) emax is now going to be put on major coin markets in the coming weeks. IE binance
5) next week emax will be announced at Bitcoin expo
6) reasons for the 80% dip was because a lot of people became millionaires. Making space for new upcoming millionaires. (On a good note people that held made a lot of coins from just holding)
7) up coming week going to blast emax off with the fight and Bitcoin expo
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