Hey there crypto lovers, there are so many new crytpocurrencies coming out all the time and we all love to get free coins or find ways to get them. I will even work for crypto instead of fiat. My blogging programme is one of daily writing and posting for which I am happy to receive cryptocurrency for my writing. There are of course several platforms, like Steemit and others. Well, today I just found a new one called Kryptonia and its Superior coin SUP. But is this coin legit or is it another scam of the cryptoverse?
The website is interesting and linked to Steemit so you can check it out if you like. It’s great to learn new things all the time and online crypto-based social media sites are a fascinating pastime, and a way to get your message out and to earn crypto as you go along. Why simply post on Wordpress or even worse – Facebook and their affiliate Instagram – when you can use better more permanent uncensorable, blockchain-based platforms, while at the same time earning some coin?
Superior coin is a way to do tasks like posting your blog and other social media activities and then get Superior coin from it all day long. In the times we live in where the mainstream fiat currencies are taking strain and the global situation may be shifting, crytpocurrency is the new liberated way to go. Superior coin is supposedly private, secure and scalable, a Monero fork by the looks of it. It’s untraceable, based on ring signatures that hide the sending address, for those who no longer want to use a bank account. The problem is that there is loads of concern about it being a scam, so don’t invest in it. I will go into that later.
Now look at Venezuela for example, where the fiat currency has crashed. People there are taking to crypto to survive and thrive. They are using Dash, Bitcoin of course, and now also Krytonia with its Superior coin. You will see it on CoinMarketCap where SUP is listed at rank number 2100. It’s a community coin which will grow as more people get on board they say, but this Twitter account is calling them out as having been hijacked and so totally untrustworthy. It seems the project was stolen from the owners by some disgruntled employee along with $15 million in crypto. What a typical story in altcoinland.
Currently worth $0.000113, it is rather humble in value, with only $526 in 24 hour volume and total premined supply of 385 720 236 SUP. At its height is was worth $0.028 during the altcoin season of February 2018, and although low in price now, it has recently climbed in value since its low in February 2019. It’s actually up 2.9% today, even though the Satoshi value is 1 Sat. You can’t get much cheaper than that, so this is some Superior Sh1tcoin if I may say so. I would be careful here. Some users of the Steemit platform seem to still like Kryptonia, the site that uses SUP or Superior coin, so there may be more to the story or not everyone is aware of the hijack of the coin by @SykesJokes (Colin Sykes) allegedly. He even has a Steemit account and posts regularly about Kryptonia, but curiously the cheetahbot marked him as on the watchlist, so something is not right here.
This is not investment advice and I wouldn’t recommend parting with any money for SUP, but if you can earn it by social media tasks like blogging etc, then maybe you can accumulate it as you go along. Seriously dodgy, but the so is Doge coin and look how far they have come. Any crypto project in my eyes is worthy of some interest – sometimes from a distance – but the endeavour is to be respected, as long as it’s not an outright scam. We will have to investigate this one still further, but for now it could be interesting...
K Blog on Kryptonia is a great alternative to the old tarnished social media sites like Facebook that has been found to harvest our data to sell to commercial companies so that they can advertise in a targeted way to us. We are the product there, and the powers that be may well have access to our private data. Also we get nothing for posting our content there. We should own our own content – blogs, pictures etc, so why should we give our valuable media away for free so that the Zucks can get rich off our work? Rather find out more about the numerous blog sites that run on their personal blockchains where your content is given the reward it deserves, in cryptocurrency.
Having been around since 2013 and still worth only 1Satoshi, I wouldn’t spend too much time on this SUP coin, but I personally am in the exploratory mode today, for social media-related cryptocurrencies, so this one came across my radar. It’s available to trade on SouthXchange, an Argentinian exchange established in 2015 with 288 trading pairs, which won the award of “best crypto exchange in South America” in 2019, for what it’s worth. You can trade your SUP against BTC.
Coingecko , a good alternative to CoinMarketCap, lists SUP as being up 700% in the last 24 hours, whatever that means. Perhaps its the 10x in volume overnight to a whopping $532 worth of global daily trading volume, from a tenth of that yesterday. Someone is going in big on SUP today it seems. Maybe it’s the scammers who stole the entire project from the owners. This guy on Steemit is apparently one of the fellows accused by the the original owner, Michael Todd, of stealing his Superior coin business and millions of dollars.
This is indeed an interesting project, full of controversy, and yet still listed on CMC and Coingecko, and still listed on the Argentine exchange, so I wonder who is regulating this? Oh wait, the cryptoshere is still quite unregulated. Unless I really investigate, I would never know this minor detail of the hijack of the SUP and might think it was legit. So buyer beware, and blogger beware. Don’t blindly trust any cryptocurrency or promoter thereof just because its crypto. Do your own research at all times.
If you have any further info on this shady looking project then let us know in the comments below. We can’t have people getting scammed in crypto, it gives the place a bad name. Here is a doc that gives much more detail if you’re holding SUP or interested in it, where the founder says
“If you are considering having anything to do with Superior Coin or a site called Kryptonia which was made to launder our money please take a minute to read this. My wife and I are subjected to daily harassment and slander from the gang of people listed here all being paid off daily with our stolen $15 million USD.”
Not a pretty picture.
