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Bytecoin [BCN] team finally steps up to clarify the unexplained and unresolved woes

Sthuthie Murthy

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Bytecoin [BCN] team steps up finally to clarify the unexplained and unresolved woes
Source: Pixabay

Almost a week full of drama with repeated pumps and dumps associated with the much-speculated coin, Bytecoin [BCN]. This began with the currency springing up to the 15th rank in the market last week with a price surge of 166%, following the Binance listing. This overload could not be handled by most of the major platforms including Binance along with HitBTC and Poloniex. CoinMarketCap was also in the list to display an error with Bytecoin details.

The team has now come up to finally answer all the queries that have been circulating around the crypto space.

They tweeted:

“Just wanted to let everybody know that the #Bytecoin Team will be hosting an #AMA in our subreddit (https://www.reddit.com/r/BytecoinBCN/ ) on Wed May 16th (17:30-19:00GMT+1) The AMA will be focused on the #Binance listing and the recent technical issues. Please stay tuned for more information!”

The silence of the team and unexplained moves one after the other regarding BCN had left the users with a conclusion that this is another scam coin. This unexpected action of theirs led to lots of money loss involving a vast majority of BCN traders, leaving them in dismay and frustration.

Aleksei, a BCN holder complained:

“I lost my savings of $ 2,800. because of your problems now I have a problem. I do not have more money. give me back my money?!!!”

Giancarlo butron, a Twitterati says:

“Please let us know when will be. Up to this day there is been almost one week and @cz_binance or @Bytecoin_BCN have not solve my issue after several attempts to get contact. I appreciate all the help guys but one week is long enough.”

Bytecoin [BCN] has moved up to the 17th position with its current value at $0.011. The functionalities on exchanges or CoinMarketCap have not yet been revived completely but are still working on it while Binance claims to have fixed all the issues with normal trading activities returned.

Source: CoinMarketCap

Source: CoinMarketCap

Hossein, a crypto enthusiast says:

“Why http://bytecoin.money  doesn’t have an api for deposit and withdrawal? I think developers need to fastly and more powerful developer tools.”



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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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