The first point that seems very curious is that it is a website created specifically to deny what Kuailian argues. Fact that by itself it should make all alarms go off, no matter how well the article appears to be. Even so, we are going to detail the arguments point by point.
Complaints and accusations views Tulipan and cointelegraph kuailian scam
Let's start with the summary:
The Tulip Research summary is: FALSE
1- According to the website, Kuailian offers 66% to 190% more than the current profitability of a master node. Let's see the profitability of the MNs that are reported in your report that we can see through masternodes.online (ANNUAL ROI):
- DASH: 6.30%
- Zcoin: 12.20%
- StakeNet: 16.71%
- DiviProject Diamond: 32.42%
- DiviProject Platinum: 37.20%
- Pivx: 8.96%
- SafeCapital: 241.18%
- CryptoVerification: 226.44%
- TradePlus: 176.07%
- Syscoin: 9.16%
- AxelSystem: 74.59%
- Sinovate SINMid: 102.58%
- Centex T1: 296.62%
- Centex T2: 290.54%
- Malwarechain: 327.14%
- Good: 271.06%
- Zenon: 490.82%
So, we can see that there really are several Master Nodes that offer much higher returns than what the more stable Master nodes like Dash or Zcoin that they use in their example offer.
- It is explained and demonstrated that the list of SI Master Nodes can be real.
- Incoming money on the platform ends in an exchange, which given the volume it moves, must be registered with a top-level KYC, so its owners are 100% identified. Even if the traceability is lost, you can always go to that exchange to indicate the ownership of that account and to be able to claim if necessary.
- The records are only available through referral links for the simple fact of decentralizing the power of the company in terms of users on the network. If it is a decentralized model, there is no point in centralizing the maximum number of users over the company. In addition, the fact that it is managed in this way is to allow new users to have the necessary support through existing members, which facilitates a much stronger (better knowledge) and international expansion.
Machine Learning:
Tulip Research's claim that it is a kuailian scam is: FALSE
Information from Tulip Research: “Among the 100 cryptocurrencies with the largest market capitalization, there are only four projects implementing the technology of masternodos. Kuailian has received approximately $ 9,000,000 as of today, based on his public and corroborable transactions. With this capital, there are only two sufficiently liquid currencies to operate, Dash and Zcoin ”.
Let's see if what is stated in the point "there are only 2 coins liquid enough to operate" is true. Before entering this point, we want to emphasize that not all existing Exchanges are listed, neither on coinmarketcap.com, nor on coinpaprika.com nor on masternodes.online or masternodes.Pro, among others. You can find information regarding this statement in the coinmarketcap FAQ section (https://coinmarketcap.com/en/faq/) and the methodology they use to include new companies (Exchanges / cryptocurrencies) (https: // coinmarketcap. com / en / methodology / # listings-criteria). This is because not all of them request to be listed, so there is a lot of volume that is not listed, especially in the Asian market. Still, let's see the liquidity that does appear listed on masternodes.
Image: masternodes.online . Date 21/05/2020 12.28 hours (CEST)
As we can see, there are 21 crypto assets listed in masternodes.online in the attached image above, the most liquid ones.
It should be clarified that there are tokens that although they are listed independently, all of them are a single token (marked in blue in the previous image). Let's see their market cap:
- Horizen: $ 51,530,416
- Divi: $ 27,734,286
- Nuls: $ 23,116,602
- AXEL: $ 11,026,658
Thus, the total market cap of the main 14 assets that work with POS technology is:
TOKEN MARKET CAP Dash (DASH) 718,536,709.00 USD Energy (NRG) 68,011,508.00 USD Tiered masternode Horizen Securenode (ZEN-42) 51,530,416.00 USD Zcoin (XZC) 43,128,727.00 USD Life (VITA) USD 31,322,956.00 Tiered masternode Divi Project (DIVI-DIAMOND) 27,734,286.00 USD Tiered masternode Nuls (NULS-CONSENSUS) USD 23,116,602.00 PIVX (PIVX) 17,628,536.00 USD SysCoin (SYS) USD 15,113,297.00 Loki (LOKI) 14,646,906.00 USD Tieredmasternode AXEL(AXEL-SYSTEM) 11,026,658.00 USD SmartCash (SMART) USD 8,143,510.00 Police (POLICE) USD 7,458,821.00 Zenon (ZNN) $ 6,740,663.00 TOTAL USD 1,044,139,595.00
As we can see, the statement by Tulip Research accusing the kuailian of a scam in which it is exposed "there are only two coins liquid enough to operate" we already see that it is completely FALSE .
There is a volume of over $ 1 billion in just the first 14 tokens listed, so if we consider the overall volume, it is much higher. Taking into account that Kuailian currently operates about 50 million dollars in the pool, this represents only 5% of the total market, if we only considered these 14 tokens, so, it is less than that 5% considering the global of all the Master Nodes market.
Information from Tulip Research: "If the profitability of the masternodes does not change overnight, why should someone be interested in using automated software and machine learning to choose which masternodes are more profitable?"
The answer to this point is very simple.
- Firstly, to have an automatism that, in the event of operational risk or liquidity risk, automatically sells the tokens of the Master Nodes that it considers risky to avoid the loss of the collateral. Automating this process allows you to have peace of mind when there is a market shock in order to maintain the capital of Kuailian users.
- Secondly, to be able to jump (changing from one MN to another) between different Master Nodes or technologies, to take advantage of the fact that, with the premise of having liquidity, higher returns can be offered, mounting those Master Nodes that are more profitable since in turn, they have enough liquidity to be able to sell their tokens and exchange them for BTC / ETH.
So, again, the malicious premise with which the article about the little usefulness of Machine Learning starts is clear that it is totally out of reality.
Lack of liquidity of kuailian:
Tulip Research's claim that it is a kuailian scam is: FALSE
Based on the information in the previous point, we have already observed that in the market there is much more liquidity than what they expose, even so, we are going to look a little more closely at the current situation of the pool.
Information from Tulip Research: “We are going to explain and demonstrate why the masters that Kuailian claims to own, with the exception of Dash and Zcoin, do not have enough liquidity. On the second page of the document are detailed the masternodos that the company has been implementing in recent weeks. ” .
Before exposing this point, we want to remember that not all Exchanges are listed as we have previously reported and, in addition, the report they presented is not from today, for
what may be modifications, even so, we are going to give data in which we will see that kuailian SI can have in operation the 21 Master Nodes of TradePlus (TDPS) and the 61 Master nodes of MalwareChain (MALW).
TradePlus (TDPS):
As we cannot currently consider liquidity in relation to what they exposed at the time, since today's report does not coincide with the one made in its day, we are going to focus especially on the statement: “Seeing that the orderbooks have not Undergoing significant changes over the past few months, we can conclude that Kuailian's claim to have 21 TradePlus (TDPS) master operating two is completely false. ” .
If we look at the information that masternodes.online exposes in relation to what was previously exposed, we see the following:
At the time they made the report, they indicated that Kuailian had 25 nodes. If we see the number of active nodes (in red), we see that there are 264. We can assume that Kuailian had at the time approximately 25 out of 264, which was 9.5% of the total market. Completely assumable.
In addition, if we consider the Master Nodes cap, it corresponds to $ 12,680,189 dollars, if Kuailian has 25 in ownership, at a value of $ 48,031, it corresponds to a volume of $ 1,200,775, which corresponds to the same% on the total market, 9.5%.
MalwareChain (MALW)
As in TDPS, we cannot currently consider liquidity in relation to what they stated at the time since today's report does not coincide with the one made in its day, we will therefore look at the statement: “Seeing that the Orderbooks have not undergone any significant changes in the past few months, we can conclude that Kuailian's claim to have 61 MalwareChain (MALW) masters running is completely false. ”
If we look at the information that masternodes.online exposes in relation to what was previously exposed, we see the following:
At the time they made the report, they indicated that Kuailian had 61 nodes. If we see the number of active nodes (in red), we see that there are 125. We can assume that Kuailian had at the time approximately 61 out of 125, which represented 48% of the total market.
In addition, if we consider the Master Nodos cap, it corresponds to $ 209,498 dollars, if Kuailian had 61 in ownership, at a value of $ 1,675, it corresponds to a volume of $ 102,234, which corresponds to the same% of the total market, 48%.
Remember that these data are a comparison of data from a time ago, in relation to current reports, and that, therefore, they are not 100% accurate, we cannot consider that they are accurate and that possibly the volumes, number of nodes, etc. ., may have been modified.
That is why we are going to analyze the reality of the current pool, to see if there really is liquidity and / or if it is possible that Kuailian has in operation the number of Master Nodes that they expose to have, especially in relation to the phrase that they expose : "The same happens with the other masternodos of the list, with the exception of Dash and Zcoin" .
Pool updated on 05/19/2020
CURRENT POOL CONFIGURATION TABLE:
In this table we can see additional data to those that have been extracted in the previous table and where we can see the MN that Kuailian has mounted, its relationship with the global market (data extracted from masternodes.online), in addition to the data as The daily ROI offered by this Pool configuration, 0.17%, which is equivalent to a projection of 5.1% this month.
These are the Master Nodes active in the Pool. Since there are no doubts about the liquidity of Dash and Zcoin, we are going to analyze the liquidity of the other platforms in relation to the ROI offered by each crypto asset. Data extracted from masternodes.online and coinmarketcap.com. We remember that there are Exchanges that are not listed, so the volumes are higher, even so, we will give data through Exchanges listed exclusively.
To this conclusion about sufficient liquidity we can include Energi, since as we can see it is listed in several Exchanges and there are several that move very important amounts of this currency, so they can assume the Kuailian liquidity as we can see in the following table.
Energi markets:
SAFE CAPITAL:
Daily liquidity drawn by Kuailian in Tokens: 362
Daily liquidity drawn by Kuailian in usd: $ 234.46
Number of Master Nodes in Kuailian: 55
Master Total nodes in the market: 295
Market share percentage: 18.81%
Volume moved the past 24 hours:
Table: Data extracted from coinmarketcap.
Markets:
Table: Data extracted from coinmarketcap.
Let's look at some Order Book to see if the Exchanges are capable of assuming Kuailian's liquidity:
SOUTHXCHANGE:
We observe a movement volume of 2134.27 SCAP in the last 24 hours, this means that Kuailian's supply corresponds to 17% of the global market. Assumable.
Let's see a second example: FINEXBOX
As we observe again, there are purchase orders with very high volumes, capable of assuming the liquidity that Kuailian extracts.
Conclusion : SAFECAPITAL has sufficient liquidity in the market.
TRADE PLUS
Daily liquidity drawn by Kuailian in Tokens: 489
Daily liquidity drawn by Kuailian in usd: $ 8051.93
Number of Master Nodes in Kuailian: 34
Master Total nodes in the market: 264
Participation percentage in relation to the market: 12.89%
Volume moved the past 24 hours:
Table: Data extracted from coinmarketcap.
Markets:
Table: Data extracted from coinmarketcap.
Let's see some Order Book to see if the Exchanges are capable of assuming Kuailian's liquidity:
CREX24:
We observe a volume of during the last 24 hours of 4.40 BTC, at a price of approximately $ 9000, it supposes to have moved $ 36,000 in TDPS (about 2187 TDPS). This means that Kuailian's supply corresponds to 22% of the global movement in this market.
As we can see, there are sufficiently high volumes capable of assuming the liquidity that Kuailian extracts.
Conclusion : TRADEPLUS has sufficient liquidity in the market.
Goods
Daily liquidity drawn by Kuailian in Tokens: 654
Daily liquidity drawn by Kuailian in usd: $ 28545.89
Number of Master Nodes in Kuailian: 89
Master Total nodes in the market: 168
Market share percentage: 52.99%
Volume moved the past 24 hours:
Table: Data extracted from coinmarketcap.
Markets:
Table: Data extracted from coinmarketcap.
Let's see some Order Book to see if the Exchanges are capable of assuming Kuailian's liquidity:
FINEBOX:
We see a current purchase volume of 5.86 BTC, at a price of approximately $ 9000, representing a volume of $ 52,740 (about 1207 Bonorum). This assumes that Kuailian's offer covers approximately 50% of the movement of this market, although it is true that it is a large percentage, the market can take on this offer.
Let's see a second example: P2PB2B
Again, the volume moved by this exchange far exceeds the volume that Kuailian liquidates daily, so we see that, again, it is possible to liquidate Kuailian's returns.
Considering that there are other markets where what is generated can be sold, we observe that the offer created by Kuailian can be covered, although it is true that only Kuailian's offer corresponds to 50% of the global market offer corresponding to the listed Exchanges.
Conclusion : BONORUM has sufficient liquidity in the market, although Kuailian has a very high percentage of this technology.
ZENON:
Daily liquidity drawn by Kuailian in Tokens: 803
Daily liquidity drawn by Kuailian in usd: $ 1204.76
Number of Master Nodes in Kuailian: 12
Master Total nodes in the market: 58
Participation percentage in relation to the market: 20.74%
Volume moved the past 24 hours:
Table: Data extracted from coinmarketcap.
Markets:
Table: Data extracted from coinmarketcap.
Let's see some Order Book to see if the Exchanges are capable of assuming the liquidity of Kuailian: BILAXY:
The volume that moved during the last 24 hours corresponds to 89588.8 ZNN. Considering that Kuailian generated 803 ZNN, this corresponds to less than 1% of what the market has moved, therefore, the volume that Kuailian generates can be easily liquidated.
Conclusion : ZENON has sufficient liquidity in the market.
Following Kuailian's money:
Tulip Research's claim that it is a kuailian scam is: FALSE
According to Tulip Research, “Kuailian has most of his wallet addresses listed so that users can follow the movements of the ethers through a block browser. However, there are two wallets that are not listed and are the most relevant. We will refer to them as "Hidden Wallets . " And we have attached this flow chart.
It seems really surprising that 2 wallets are called Hidden Wallets that are perfectly identified. As the rest have already given them as "good", let's see what those 2 "Hidden Wallets" are.
According to them, these wallets are:
– Hidden Wallet: 0x1b85a7a5d7a61a429cf24ce048a32c0e1bb51cc1
– Hidden Wallet (2): 0x4e2D2d20af5Ab16AaBF5Db0F290b9116E7ed0607
“This wallet has not been used recently to send ethers, but it still receives payments through the smart contract. Its current balance is 480 ETH ”.
It is at least curious that 2 wallets that are present in the official flow diagram are called hidden, as we will see in the following image. Of hidden they have little, the first of them corresponds to the one identified as KBANK POOL WALLET (blue box) and the second of them corresponds to LEADER BONUS WALLET (red box).
Thus, not only are they NOT hidden, but the company itself offers them publicly… For those who wonder why the “hidden Wallet 2” has a balance it is simple, it is distributed quarterly automatically between the ranges “president” upwards, since it is a leadership bonus that corresponds to 2.5% of what is generated daily.
To facilitate the task, we leave you the direct link to etherscan.io so that you can analyze them, if you find them clear (because of what is hidden…).
1- https://etherscan.io/address/0x1b85a7a5d7a61a429cf24ce048a32c0e1bb51cc1
2- https://etherscan.io/address/0x4e2D2d20af5Ab16AaBF5Db0F290b9116E7ed0607
However, their statements do not stop here, as they expose "The money that enters the platform disappears in Kraken to later appear through Binance, thus simulating non-existent benefits since they are paying the members with their own money . "
We want to make 2 clarifications in this regard:
- They go to an exchange since Ether must be sold to buy Bitcoin, which has parity with 100% of the tokens on the market. It is a necessary step to be able to buy the tokens that are needed to mount according to which Master Nodes. All right.
- The fact that the money ends in an exchange, and moving the volume that moves the account in question daily (in this case of Kraken), suggests that there must be a company that has passed the highest level of verification (KYC, Know your client). This has to give us security since our Ether ends up in the hands of a registered and identified account, and therefore, in case of any problem, we always know who we should claim.
It is very simple to say that "payments are simulated" without having knowledge of the internal part, but further than reality, until now we have shown that the whole process is correct and verifiable and that the Tulipresearch article is completely false and malicious .
Registration through Prifinance:
Tulip Research's claim is: INCOMPLETE and MISCELLANEOUS
The company currently has 2 registrations, 1 for the Kuailian App OU and Crosschange International OU, plus a third registry that is closing for Kuailian Travel OU.
In the next month new offices will be opened in Estonia, in which the people who manage the 3 companies that make up the ecosystem will be working. Even if you registered in Estonia through Prifinance, this does not mean that they break any law and that they are not registered correctly, as they seem to be implying at that point. Again, they try to belittle any partner / associate / company that works with Kuailian for the sole purpose of harming the company.
Warning: Orients Capital & Blue Empire:
Tulip Research's claim is: BAD
Although it is true that both companies were warned to the public by CNMV, the structure resulting from the union of both, Kuailian, operates in a 100% legalized and regulated manner, and, therefore, the past of its parent companies has nothing to do with today.
We add that, although this warning was issued at the time, in no case either of the two companies was declared fraudulent or had any legal problems.
Smart Contract:
Tulip Research's statement is: CORRECT BUT INCOMPLETE
They explain: “Looking at the smart contract we see that it contains only 16 lines of code. Its function is to redistribute the ETH of three wallets, to the rest of users and to another wallet known as «Excedent». In case there is no ETH available on the incoming wallets, the smart contract will not be able to send the funds to the outgoing wallets.
So if Kuailian stops withdrawing the money from his BINANCE accounts and stops sending it to the Profit Wallet, users will not receive their corresponding benefits. ”
It is that simple, it is a dispersion Smart Contract, it is in charge of dispersing the capital that enters the Exchanges, after selling the tokens for BTC and in turn that BTC for Ether, as can be seen in the different wallets.
In addition, it is in charge of dispersing payments when someone registers, and when someone buys “Kuais” licenses to redirect Ether to both the upline wallets (fast bonus) and the wallet transaction through which the Ether to the Pool.
Registration by referral:
Tulip Research's claim is: BAD
It is a multi-level marketing, referral marketing or MLM system. Widely accepted business model internationally and which seeks to reward users instead of paying third companies for promoting the company.
All of this is managed through the Smart Contract, so Kuailian does not have access to the funds generated by this plan since they are distributed automatically.
So, as we see, this point does not have any problems, even if they want to see it.
Enterprise Ethereum Alliance:
Tulip Research's claim is: FALSE
In the attempt to discredit any company related to Kuailian, many are discrediting the EEA, something that seems incredible considering the level of the companies that are part of it, and more, considering that to be part of it you must contribute to the Ethereum ecosystem (Kuailian does this through its Smart Contract) and comply with local laws and regulations. Explaining that "any project can be joined without passing any kind of control" not only demonstrates a brazenness out of the ordinary, but it is also completely false.
To clarify this point, any company can pay the annual membership and join the business alliance, but not appear in the member area. This entitles you to receive information and attend some activities. However, to be listed in the members area, the EEA reviews the project to see if it is related to Ethereum technology. This is not a comprehensive audit, but a proof that Kuailian is real and has real technology that adds value to the Ethereum ecosystem.
There are many who defame the EEA and say that anyone can access without doing "practically nothing", but for now none is part of the EEA. We will continue to wait to see when someone enters the association, is officially listed and shows that "anyone" can access, so far, nothing more needs to be said.
CONCLUSION is Kuailian Scam ?:
From what we have seen, all the points that they expose in the document about kuailian scam are wrong or directly false and exposed in a completely malicious way, as we have demonstrated with evidence, point by point.
In addition, it is interesting that just at the moment that a smear campaign towards Kuailian has started, a website like tulipresearch.com appears in which they only talk about Kuailian to try to do harm. Not only this, but different YouTube channels and even renowned magazines such as cointelegraph have used the article to try to defame, without even wanting to have analyzed or confirmed the veracity of what it exposes, if not they have given it as good directly … A fact that, on the other hand, is completely lacking in journalistic rigor and objectivity.
It is curious that they are slandered through different means, that at the same time these types of websites appear that tell the truth that they think and, most worryingly, that no one has asked who is behind that article.
Who wrote it and why is it hidden behind the anonymity of the internet? Interesting right?.
Taken from: https://bitcoinscriptomonedasytrading.com/kuailian-estafa-desmontando-al-tulipan/
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