The Crypto Influencer Tone Vays  attacks tokenpay
The Crypto Influencer Tone Vays  attacks tokenpay

The Crypto Influencer Tone Vays attacks tokenpay

By Fabio Lugano - 17 Jul 2018

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The well-known crypto influencer attacks the token and Litecoin and  receives a straight response

The air becomes hot around the well-known crypto influencer, Tone Vays, who has spared no effort in criticizing TokenPay, especially after the agreement concluded with Litecoin.

Tokenpay and Litecoin concluded an agreement in April for the purchase of a bank stake and the opening of a common debit card.

This acquisition took place not more than a week ago with the acquisition of a minority but significant stake in Weg Bank.

All of these evolutions have outraged Tone Vays, who has set out his ideas in a rather clear and polemical way:

  • “Warning 1: The purpose of this tweetstorm can distract any person who trusts Litecoin permanently. Warning 2: The only bad currency that is not a scam is the one on which you have not yet done some research. Warning 3: Tokenpay is a Scam.
  • Tokenpay is only a by-product of Verge, sharing some key figures who have had different and contrasting experiences in the past;
  • Tokenpay is a centralised company;
  • It’s not clear how Charlie Lee of LTC made an agreement with this company;
  • Tokenpay’s ICO is very opaque, and in the end, it’s just a Pump and Dump, a speculative scheme to collect money.

A series of very heavy accusations, spread among an audience of 150,000 followers, could only have a direct response from the team of Tokenpay who responded through a video of CEO Derek Capo.

The CEO said he was very proud of his past experiences, of speaking Spanish and Chinese, and of having been able to work in several sectors and therefore to bring his experiences to TPAY.

In addition, he defended all the moves made so far, including also the creation of Tokenpay Swiss, which will act as a regulated exchange that will allow collecting tokens that will also be used by the banking system with an ETF system.

All this was done with ICO money which was a necessary step because neither Verge nor Litecoin had been able to carry out such an operation.

Capo also denied rumours that his company wanted to become a sponsor of the McLaren of Formula 1, stating that in fact an example of his had been misunderstood.

In general, in a marketing system based on social media, there is the issue of the credibility of influencers in which the power to create and destroy comes to influence the operations, even legitimate, of companies in the sector. But in this case it is not yet clear who the reason is, probably, as always, lies in the middle.

Fabio Lugano

Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.

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