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Litecoin [LTC] Foundation “deserves 0 respect”, Tone Vays on a butcher mission

Priyamvada Singh



Litecoin [LTC] Foundation "deserves 0 respect", Tone Vays on a butcher mission
Source: Pixabay

A recent partnership between the Litecoin Foundation and TokenPay has triggered a huge debate on Twitter. On 14th July, Tone Vays, a crypto-influencer and Bitcoin advocate, tweeted a series of accusations involving the two partners.

In his first tweet, Tone dropped three ‘disclaimers’ before starting off with the critical analysis of Litecoin and TokenPay. These disclaimers contained bold context to his following tweets, such as, “The main purpose of this tweet storm to piss off every #Litecoin believer for the what I hope is the final time,” and “Token Pay is a scam”.

Tone Vays, in his second Twitter post, put together a diagram explaining all the ways that TokenPay is lying to the community. An analysis of TokenPay’s website content was carried out by the influencer.

According to Tone Vays:

  • “Introducing the world’s most secure coin” is a blatant lie.
  • CryptoRekt, the Chief Operating Officer of TokenPay is an ‘anonymous Verge shill’. [CryptoRekt is the author of Vergecurrency Blackpaper]
  • The fact claiming CryptoRekt being involved into the cryptocurrency ecosystem since 2009 is ‘100% bullshit’.
  • Verge currency-related content on TokenPay’s website is ‘Verge Garbage’.
Tone Vays' tweet image | Source: Twitter

Tweet by Tone Vays | Source: Twitter

On the next blow, when Tone directed his criticism at Litecoin’s Charlie Lee, several Twitter comments opposed it. Tone Vays put Charlie Lee’s credibility through deep analysis mixed with opinions.

This tweet implied the following:

  • The non-disclosure agreement [NDA] between Litecoin and TokenPay was reported in the month of April. It also sarcastically pointed out that decentralized entities should not be involved with NDA.
  • TokenPay is a ‘scam token by default’, as it has a CEO and it does not qualify as a decentralized platform.
  • Charlie Lee lost respect when he shared his opinion on the partnership between Verge and Pornhub which took place in April 2018. The Litecoin director said that Pornhub should accept more cryptocurrencies, not just Verge. Instead of making cryptocurrency payments available by buying partnerships, there should be another way forward in the adoption of cryptocurrencies. To this, Tone Vays countered by saying that the ‘right answer’ is, “Pornhub Brass are IDIOTS for accepting an insecure garbage crypto. Even Monero or Litecoin would have been a better choice but still pretty dumb choices.”
  • An image analysis carried several other accusations regarding the ‘Verge Scam’ and CEO of TokenPay’s involvement in it.
Tone Vays' recent tweet | Source: Twitter

Tone Vays’ tweet | Source: Twitter

Another tweet by Vays targeted the CEO of TokenPay, Derek Capo. According to this tweet:

  • TokenPay is centralized with a CEO that has no experience in the cryptocurrency space.
  • He issued an unlicensed security that is ‘totally useless’.
  • TokenPay does not make use of ‘actual’ blockchain.
  • The history of Capo’s work experience is questionable as his work timeline overlaps each other in several places with no sign of co-relation.
Tone Vays' tweet image | Source: Twitter

Tweet by Tone Vays | Source: Twitter

Post these claims, a number of other tweets were launched berating TokenPay and Litecoin alike, discussing Litecoin’s pump and dump in prices, ICO scams, and more.

In his end tweet, Tone Vays wrote:

“…all you outright fools working with this @tokenpay like any members of the #Litecoin Foundation not only deserve 0 [zero] respect but might actually end up being Criminally Liable.”

Following is a tweet by TokenPay to counter the accusations made by Tone Vays:

“Truthfully we have never heard of this @ToneVays up until a couple days ago. Funny comment though from a professional ICO shiller. Most of his followers are fake. While he spends his time on the blockchain show corcuit (traveling carnival), we are out there advancing our project.”

This tweet was strongly opposed by crypto-community, scoffing TokenPay’s ignorance regarding Tone Vays influence in the cryptocurrency space.

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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.


Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla



Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.

The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.

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