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If you visit the Ubex website, you will see that their token is already trading for 0.017$ at the moment of writing this post.



On the website the token sale is still open and the tokens are being sold for 0.003$, almost 5X, something does not add up, right?



It appears that anyone who is buying tokens at this stage is locked until the end of September or until the hard cap is reached, which means you don’t get the tokens the moment you send your contribution.



If you are looking to find this information on their homepage or on their dashboard where you can find the addresses to make contributions, you won’t find anything there.



The main question, is how come Ubex tokens are already trading when the tokens are actually locked? After checking in their channel, their official answer was:



“ We used it to pay partners, and some tokens appeared on the exchange. They were only paid using our own reserve fund”



When asked about misleading retail investors when presenting a lower ICO price than market price the answer was as follows:



“There’s no misleading. We only paid a few partners, others will be paid after the end of the tokensale too. The smart contract only allows the community allotted tokens to be distributed after the end of the tokensale, while reserve fund is different”



from me this project is flagged, you can read the full overview here:



https://www.cointelligence.com/content/ubex-token-sale/

+2 Agree +2

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