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r/CryptoCurrencySee Post

Ethereum Foundation goes after Algorand, gets wrecked by Algorand's tech ninja

r/CryptoCurrencySee Post

[longread] The Kadena ecosystem is rotten to the core

r/CryptoMoonShotsSee Post

CryptoPositive (CPTX) - A Project Aiming to Bring Positivity to the Blockchain User Experience | PRESALE Is LIVE on Reflex's Legion Launchpad | Don't miss !

r/CryptoCurrencySee Post

Play 2 Earn Games Next Generation – How you can earn money 🤑 while having fun 🤩

r/CryptoMarketsSee Post

Reminder that 3 Days left until the official AMA in r/CryptoCurrency with the CTO & CPO of Fetch.ai

r/CryptoCurrencySee Post

Reminder that 3 Days left until the official AMA in r/CryptoCurrency with the CTO & CPO of Fetch.ai

r/CryptoCurrencySee Post

Reminder that 3 Days left until the official AMA in r/CryptoCurrency with the CTO & CPO of Fetch.ai

r/CryptoCurrencySee Post

My first 10x in crypto but in reverse

r/CryptoCurrencySee Post

YouTube announces plans to integrate NFT’s

r/CryptoMoonShotsSee Post

🔥 PLASTIKS 🔥 NFTS & recovery data | Low MC | Transparent team | Certik Audit | NFT marketplace launched February 1st!

r/CryptoMarketsSee Post

MONNFTS ANNOUNCEMENT ABOUT AN IDO (Initial DEX Offering MON Token)

r/CryptoCurrencySee Post

Excited to announce that we will be doing an official AMA with our CTO and CPO on r/CryptoCurrency!💬 March 9th 🚀

r/CryptoCurrencySee Post

10 Predictions Regarding Crypto Market For 2022 From Coinbase CPO

r/CryptoCurrenciesSee Post

10 Predictions Regarding Crypto Market For 2022 From Coinbase CPO

r/CryptoMarketsSee Post

Radix releases Scrypto programming language based on Rust (Roadmap Milestone!)

r/CryptoCurrencySee Post

ANTEX Token Will Be Huge. Check It Out Guys

r/CryptoCurrencySee Post

Coinbase Cloud aims to become Crypto's AWS, says CPO

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Bitcoin hits $100k! Whole coiners can afford a CPO Lexus!

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tldr; Coinbase CEO Brian Armstrong, Co-founder Fred Ehrsam, COO Emilie Choi, and CPO Surojit Chatterjee have sold over $1.2 billion worth of shares since February. CEO Armstrong and his living trust sold shares for $292 million, while COO Choi exercised options at a cost of $9.7 million and sold for $226 million. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#CPO#DYOR

"Key Takeaways Four Coinbase executives sold off approximately $1.2 billion of shares in a series of sales beginning this February. Those executives include co-founder Fred Ehrsam, CEO Brian Armstrong, COO Emilie Choi, and CPO Surojit Chatterjee. Coinbase's stock fell in value this month, seemingly due to lost profits in a weakening cryptocurrency market."

Mentions:#CPO

I bought (not leased) a one year old CPO Mercedes. That saved me $12,000 off a new one and it came w four years of warranty remaining. This is the way smart people drive Mercedes.

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Post is by: XRPMoonshot and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/ufhyth/longread_the_kadena_ecosystem_is_rotten_to_the/ This is a copy/paste from the original article located at [https://ruudy.medium.com/the-kadena-ecosystem-is-rotten-to-the-core-cd355b635976](https://ruudy.medium.com/the-kadena-ecosystem-is-rotten-to-the-core-cd355b635976) \- I implore you to read the Medium version if at all possible, as version below will the the same article but without links, images and formatting. Because images are missing, some context might be missing. # Abstract (this means TLDR) Last week, Kaddex, the biggest DEX on Kadena was caught on-chain double dipping their own public sale and diluting investor share while allocating a bigger share of their token to themselves. Kaddex admitted guilt and promised to burn the ill-gotten tokens. CFO Daniele de Vecchis symbolically stepped down from his CFO position. In reality nothing changed, it's business as usual for Daniele de Vecchis and the rest of the Kaddex team. Questions remain unanswered, anyone from the community demanding to know more is silenced and banned. Lack of transparency surrounding these actions combined with suspicious involvement in Kaddex from one of the official Kadena team members, Francesco Melpignano, makes Kadena unattractive for DeFi investors and builders. # About the author I'd like to introduce myself to give you some context as why I am writing this piece. I was a novice investor in 2017 and held small amounts of cryptocurrencies. After the 2018 crash I became disillusioned with crypto, until in 2020 I rediscovered Coinmetro. I accidentally invested in their ICO in 2017/2018. After seeing a couple of AMA video's from their CEO, Kevin Murcko, my faith in crypto was restored. This man refuses to list shitcoins and dogcoins on his exchange, he's all about ethics and regulations. For some weird reason he's one of the few people in crypto who doesn't want to enrich himself, but instead provide value to his clients and move crypto forward in a more positive direction. If something hasn't been listed on Coinmetro, I don't even consider buying it, and that's how I met and fell in love with Kadena. # What is Kadena? Kadena is a Proof of Work (PoW) Layer 1 (L1), which truly solved the trilemma. Kadena can scale out infinitely while staying decentralised and secure. Unlimited chains can be added, adding throughput while keeping gas fees on Kadena low forever. The tech behind Kadena is great, but unfortunately this article isn't written to shill Kadena. DeFi on Kadena is still in it's infancy, and it's on it's way to make a false start. # What's the issue? The problems on the Kadena chain revolve around Kaddex. Kaddex is aiming to be the biggest DEX, often officially sponsored and tweeted about by the official Kadena Twitter account. Not a lot on Kadena is being built yet. Kadena delivers blueprints for various DeFi structures and it's up to the community or companies to use those blueprints to start a project or dapp. The current deployed version of Kaddex is based upon KadenaSwap, the blueprint from Kadena for a DEX. Recently an article published by yours truly uncovered that the team behind Kaddex used investor funds from their private sale to buy massive amounts of their token $KDX in the public sale. Through the usage of 100's of proxy accounts, likely using fake KYC's at Tokensoft, they allocated an additional 1.15% of the total supply to themselves. In a string of statements from the CFO, digital profile Mandrake, currently operated by Daniele de Vecchis, the CFO admits that Kaddex was the buyer and that he will resign his CFO position. His exact statements will be shown further below. I'm tired of hearing that 1.15% of the total supply is insignificant, if you do think so, you can stop reading. However, I do invite you to donate 1.15% of your net wealth to my KDA address, \[redacted to abide by rules\], if you truly believe 1.15% is nothing to worry about. Before we deep dive in the inception of Kaddex, there's one more person I want to introduce: Francesco Melpignano. Francesco Melpignano is currently the CEO of Kadena ECO, an organisation tasked with incentivising building on Kadena. Recently they announced a $100M fund: \[link redacted to abide by rules\] At the time when Kaddex started and was announced, Francesco Melpignano served as head of Business Development for Kadena. # Kaddex - a deep dive We'll discuss all the events surrounding Kaddex in chronological order, starting at the inception. Kaddex started out as an anonymous project. The first person to know about and to announce Kaddex was Francesco Melpignano. Melpignano claimed "an independent team approached us". Shortly after the announcement of Kaddex, a private sale followed, in June 2021. In the private sale Kaddex raised 3,242,085 KDA from anonymous investors. The private sale itself was dubious in nature because there was no KYC or any AML compliance. Some time after the private sale concluded, an article (from another author) appeared, it was alleged that Francesco Melpignano was behind Kaddex, which would make Kadena and Kaddex run by the same people, while the community was told a separate entity would build Kaddex. The article discussed two major points: (1) the private sale may not have been legal and compliant and (2) Francesco Melpignano is involved in both Kadena and Kaddex. Whether or not the private sale was legal or not is no concern for now. Key takeaways from the article as why Francesco Melpignano was alleged to be involved in Kaddex: * One developer from Kaddex was doxxed: Guglielmo Sportelli, Application Developer at Redwing Labs. * The website kaddex DOT com was found on a dedicated server belonging to Redwing Labs. * Redwing Labs operates under the names of Redwing Labs, Redwing Technologies and RWL S.R.L. * Francesco Melpignano was found to be the owner of the Redwing entities. * When Francesco Melpignano was asked to comment on the situation, Melpignano responded by starting a cleanup; he deleted his LinkedIn (now restored without Redwing present). Guglielmo Sportelli had to remove Redwing Labs from his LinkedIn (see below) and the website kaddex DOT com was moved out of the Redwing Labs dedicated server to another hosting provider. None of the issues raised in this article were ever addressed and always disregarded as "FUD". Bringing up "Redwing Labs" and "Redwing Technologies" resulted in a ban from any Kadena and Kaddex related channel. # Coming out of anonymity A month after the article was published, the Kaddex team decided to step out of anonymity. Picking apart their introduction statements show that several people mention that they have been with Kaddex since the start, most notably the CFO, Daniele De Vecchis and many of the other Italian-sounding names, namely, Adrian Cardoso, Giuseppe Pace, Guglielmo Sportelli and Felice Angelini. Another important note is the introduction statement of Nicolas Ramsrud, Ramsrud states that he has been "recently brought on" as CEO and CPO. Who did Ramsrud replace so quickly before the team could be doxxed? Or perhaps that person is not replaced and Kaddex still has more undoxxed team members? # "Founding" members backgrounds Let's dive into the background of these "founding" members. First off, the originally doxxed team member, Guglielmo Sportelli. It was found out that Sportelli was working for Redwing Labs after the private sale. Currently Sportelli only lists Kaddex as employement. Why is it so important that nobody knows Sportelli was involved in Redwing Labs? Second up we have another developer, Antonio Semeraro, Antonio was not yet mentioned because we don't know if Antonio Semeraro worked for Kaddex since the inception of Kaddex or not. Antonio Semeraro announced in his introduction statement that he has experience working for Redwing Labs. Project Manager Adrian Cardoso still states on his LinkedIn that he works for Redwing Labs. I can commend Adrian for not trying to erase history, but not for not speaking out against Kaddex' financial misconduct. Next up is Giuseppe Pace. Giuseppe used to work for Redwing Labs as Chief Technology Officer (CTO) but has since scrubbed his LinkedIn profile and replaced his function at Redwing Labs with Self Emplyoed\[sic\]. Scraping site Rocket Reach scraped LinkedIn and still has a archived record of Giuseppe Pace working at Redwing Labs: \[link redacted to abide by rules\]. I was unable to link the other members, Felice Angelini and Daniele de Vecchis back to Redwing Labs. At this point we do know that at least 4 of the "founding" Kaddex members are or were Redwing Labs employees. 2 out of those 4, 3 out of 5 if we include Francesco Melpignano found it necessary to try and erase the link to the past they had with Redwing Labs. We also know that Redwing Labs is owned by Francesco Melpignano. Kaddex is likely a Redwing Labs project, which makes Francesco Melpignano the owner of Kaddex. Francesco Melpignano is also the CEO of Kadena ECO, the grant program which has $100M to spend on Kadena incentives. It's very dubious that Kadena would put the same person who owns the biggest DEX, Kaddex, and the biggest wallet, X-Wallet, in charge of the ECO grant programme. # Financial trouble? The double dip We arrive at the 18th of April, when I disclosed that Kaddex used private sale investor funds to buy their own public sale. Read the full article here. Kaddex allotted themselves 1.15% of the total supply, valued at the time of the sale at $1,840,000 US dollars. To do so, Kaddex used hundreds of proxy accounts because the maximum limit was set at 100k $KDX. The Kaddex team allegedly tried to use bot votes to game the DAO (Discord) and raise the limit, but the community prevented that from happening. Fairly quickly after the article Mandrake issued his first response. There would be an extensive reply, the "FUD" would be dealt

r/CryptoMoonShotsSee Comment

Hi all, I'm seeing questions asking what is unique here. CPTX the token is owned as a project by CryptoPositive LLC. A percentage of the reflections gained through trades of the CPTX token is set aside and donated to CryptoPositive Organisation (CPO) CPO is its own individual 501(c)3 not-for-profit organisation. The funds donated through the trading of the CPTX token or through its utilities, will be used to deliver assistance globally to people in need.

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r/CryptoMoonShotsSee Comment

Hi all, I'm seeing questions asking what is unique here. CPTX the token is owned as a project by CryptoPositive LLC. A percentage of the reflections gained through trades of the CPTX token is set aside and donated to CryptoPositive Organisation (CPO) CPO is its own individual 501(c)3 not-for-profit organisation. The funds donated through the trading of the CPTX token or through its utilities, will be used to deliver assistance globally to people in need.

Mentions:#CPO
r/CryptoMoonShotsSee Comment

Hi all, I'm seeing questions asking what is unique here. CPTX the token is owned as a project by CryptoPositive LLC. A percentage of the reflections gained through trades of the CPTX token is set aside and donated to CryptoPositive Organisation (CPO) CPO is its own individual 501(c)3 not-for-profit organisation. The funds donated through the trading of the CPTX token or through its utilities, will be used to deliver assistance globally to people in need.

Mentions:#CPO
r/CryptoCurrencySee Comment

How to make billions $ in meme coins: 1. Buy at CPO 2. Hold until it reaches ATH 3. Sell 4. Profit 5. Repeat Not sure why people can't grasp this simple rule. Step 2 is the only tricky part. /s

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r/CryptoCurrencySee Comment

***'CPO'***

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r/CryptoCurrencySee Comment

Because they sell too fast to even get an offer in through an agent. 1) inspection companies suck and have no real standards. This gets fixed and we have a CPO type program for homes. 2) millennials and later generations don’t even like to talk to someone to order a pizza. Point. Click. Mine.

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r/CryptoCurrencySee Comment

YouTube chief product officer (CPO) Neal Mohan has also talked about the “incredible potential” that NFT’s have for allowing creators to “make money in ways not previously possible”. Read as: the potential to make even more money for youtube

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r/CryptoCurrencySee Comment

CPO

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r/BitcoinSee Comment

tldr; Robinhood, an American financial services company known for its popular trading app, has recently launched Crypto Wallets. Investors showed deep interest in the new product in an interview at Bloomberg Technology, said Aparna Chennapragada, CPO at Robinhood. Robinhood has added features like crypto giveaways and Q&As on its platform. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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r/CryptoCurrencySee Comment

tldr; Robinhood CPO Aparna Chennapragada said the company has two million users on its waiting list for cryptocurrency wallets. She added that the company is making sure that the quality of its products meets the aspirations of the consumers through continuous collaboration with the community and their own customers. She also said that token listings would be addressed at the appropriate time. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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r/BitcoinSee Comment

He literally has a vested interest in bitcoin succeeding and will shill to no end. Take what he says with a grain of salt and just be glad he has a secondary role as CPO, Chief Pump Officer. Just keep stacking business as usual.

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r/CryptoMarketsSee Comment

It's a tool built for CPO's (Commodity Pool Operators) and Signal Providers. You can make your own signals!

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r/CryptoCurrencySee Comment

DCA in , yes. Coin price out (CPO)? Use price points to scrape profits. That way you’re not diluting your profits with conventional DCA out method.

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r/CryptoCurrencySee Comment

If Toyota sees a use for this then there is a chance that many companies and possibly governments will use it as well. If it works it could be a major option for data privacy, a huge and growing market. I would be rooting for but bearish if it was an undoxxed team but these guys have the rolodex to get it adopted by big companies and looked at seriously by the whole industry that are desperately looking for solutions. Our office deals with this issue all the time and my mention to our CPO.

Mentions:#CPO