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RE: You want to buy some HIVE but you can't afford it? How about some free HIVE then? A...GBYTE story...

in LeoFinance4 years ago (edited)

Yeah that definitely was a really bad strategy, and don't forget about the referral system the contest had, if you sent like 500 bytes or so to someone else's wallet, which was the required amuont to send to the bot, they would be your referral and you got 50% of what they were getting as reward. So there was a lot of money being airdropped.

I remember I made almost $500 from referrals, and there were some people making thousands! And of course in no time there were bots scaning the byteball network looking for 500bytes transactions, so they would resend 500 bytes to the receiving address in order to become the referrers and get the reward (another flaw in the referral system, the last person to send the 500 became the referrer).

I checked some of this bots accounts and one of them made like $10k or something like that. Crazy times indeed! and really dumb strategy from the gbyte team.

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Lol really? Didn't know any of these details. Oh my...