Asia Digi Coin (ADCN) an MLM based Ponzy coin

Asia Digicoin(1).png

Asiadigicoin is popularly known as ADCN coins, Asiadigicoin is a crypto currency currently getting traded in the below exchanges such as
C-Cex, YOBIT.net, COINEXCHANGE.io.
My observations about power hashing and Asia Digi coin ( In April'2017)

It seemed like a well-planned MLM based Ponzy digital coin where Key people from power hashing in collaboration with Asia International played a game plan of increasing the price of the coin through power hashing’s MLM schemes where one member brings the other and becomes the paid member of the system. Power hashing as the name suggests basically told all members that they have crores of mined coin where as they never showed any proof of the mining set-up. Now the interesting thing is if they have so much mined coins what would be the value of the coins if people won’t buy? That is why this MLM plan was brought in.

ADCN started in Feb’2016 and the price peaked up to 31 K satoshi in July’2016, it did well in the month of September 2016 (as the promotions took place in a big way) through the MLM plans. From NOV’2016 till date (April’2016) its performance is dismal. Why? Because from Feb’2016 till September’2016 they were good in gathering number of paid members and from Nov’2016 they started to dump the coins for their own profit.

If they said these coins were used by merchants so the future is very bright, nothing but a marketing gimmick.

People who were associated as members were again told to activate booster and contribute money so that they can buy coins and the price of coins will rise. Now members won’t get remaining mined coins as per the terms and conditions set against each package members bought because power hashing wants money from each members ( they call it booster money ).

These are the people (Key people of power hashing) who are dumping the coins in order to profit while repeatedly telling others not to sell so that they can sell and make profit.!