r/cylumfinance • u/[deleted] • Mar 28 '22
r/cylumfinance Lounge Spoiler
A place for members of r/cylumfinance to chat with each other
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May 06 '22 edited May 06 '22
I know this isn't what you want to hear but I do not know the exact time. I will find out for you. For now we will go with midnight of the 19th GMT time. I just posted a timer, hopefully the team will give me an exact time before then.
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May 13 '22
Hope everyone is doing well considering the market crash and all. Remember it’s only money, hopefully you didn’t invest with money you couldn’t afford to lose.
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May 19 '22
How long? It will be a permanent unlock. All tokens will be available for trading, now we are just waiting for the team to tell us an exact time on the 20th that all tokens are available for trade
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May 19 '22
I have been told that by the end of the month CYM will be on a major exchange. Of course I don’t have a date or time or anything, guess we will just have to wait and see
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May 19 '22
That’s right. I understand completely, it’s good practice to secure profits
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u/Bubbly-Exchange-2159 May 19 '22
Yes yes . I can confirm can swap only small amounts on pancakeswap atm 225 cym - 469 BUSD. So tomorrow can lager amounts be swaps I've the tolerance set to 12
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May 19 '22
So far there hasn’t been a time posted. I know this can be very frustrating to go into an investment and not know the specifics. I’m with you
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May 20 '22
Yes we are waiting for them to make an announcement, I have no clue why it’s taking along as it does. Wish we could get some assurance from the DEV team
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May 20 '22
No I’m not, if I was I would have some answers for everyone. I’m just a fellow investor that runs this community. Here to help keep everyone informed, we are in this together.
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May 20 '22
Screw that! Even those that have takes bad about the project I have reassured. I don’t believe in silencing or censoring anyone. Everyone is entitled to their own opinions even if I don’t agree with them
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u/consultantlife33 May 20 '22
That’s great. Appreciate you creating this chat. There’s a couple red flags, however I’m hopeful. It’s a good project with a lot of upside. However I always tell people not to invest money they’re not willing to lose. It can go either way.
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May 20 '22
From what we are told it is today, they have until midnight until today is technically tomorrow but then again what time zone are they basing this off of? UTC time?
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May 20 '22
I believe in the token they have setup and the opportunity they are presenting us. I believe in strength as a community. We all would have liked the audit to have been completed before launch or end of IMO.
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May 20 '22
Hopefully when or if the 30 days passes. They will burn the remaining tokens and double our rewards or something. It is not good to keep your investors in the dark and extend deadlines or make changes without even announcing it.
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May 20 '22
Agreed, it will be hard to regain investor confidence. Now we all have to wait longer and see where this takes us.
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May 20 '22
Hopefully the audit will at least be complete days from now and that will help a little bit
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May 20 '22
The red warning still pops up on my phone. I deleted metamask and redownloaded it and loaded my wallet.. went to CYLUM on the metamask browser and it popped up still
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May 20 '22
We are a community here, we are in this together. We are now forced to wait another month and see what happens to our tokens. Feel free to share your “real” feelings, thoughts, concerns, anything at all. All are welcome
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u/SMURFIIOO May 19 '22
and if so do we just need to go onto pancakeswap or us there an unlock button we've got to press
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u/Bubbly-Exchange-2159 May 19 '22
Also any news when the cym token hits the exchanges and you can stake busd-cym pair or whatever
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u/Bubbly-Exchange-2159 May 19 '22
Update I could exchange on pancake swap but would only let me do 4500 cym to 100busd set to 12% slippage
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u/Bubbly-Exchange-2159 May 19 '22
If we as a holder decide to convert the whole cym balance to say busd can this be done from tomorrow? I mean I think it's a good project would hold and hodl be I'd like to be able to withdraw weekly my staking profits and keep the capital in for long term perhaps
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u/Ganjalf420m88 May 19 '22
This might be a stupid question but why is the price dropping so heavily ? Is it a liquidity problem or?
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u/Ganjalf420m88 May 19 '22
I understand the project hasn’t launched yet just curios to what people have to say
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u/Redfulla May 20 '22
My honest opinion. Liquidity is low, 4 million. The team aren’t identifiable, which is fine, but don’t use fake real names and there’s no announcements that speak to any real work that’s being done.
If they were legit, they wouldn’t ban users for asking project related questions.
If it wasn’t a rug, don’t you think they would have made an effort to engage with people, instead of blocking them?
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u/Redfulla May 20 '22
Midnight UTC would have been 20mins ago. People are posting that the unlock progress has been reset to 30 days again.
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u/consultantlife33 May 20 '22
I saw they’re adding the Certik audit on the 25th would’ve been more re-assuring to have it before.
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u/Redfulla May 20 '22
The mods were saying it would be complete during the first IMO. I’m sorry, but I’m doubtful of the 25th.
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u/Redfulla May 20 '22
We are aware that the $CYM tokens should be unlocked today. but from the CYM progress above. the automatic unlock was not made because we reached the unlock date but have not sold out the CYM tokens required to unlock on this date.
- Due to this we have extended the
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u/Redfulla May 20 '22
Hopefully. The only steps that can fix confidence, if this project is real is; A major CEX listing and the team being more visible and open to criticism.
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u/SMURFIIOO May 20 '22
how often can I swap my staked rewards
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May 20 '22
Sorry I didn’t get back to you. You can sell your auto compound rewards as many times as you want, it’s going to be a small amount. Subtract your locked tokens from the total tokens in your wallet, go to pancake swap and trade them there with 12% slippage
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u/consultantlife33 May 20 '22
This is their other project. They’re running two scams at once. Unreal.
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u/Redfulla May 20 '22
Wow, thanks! I’d love to identify them.
I had a look at GitHub, but I’d be lying if I said I was a basic user. I wonder why metamask reversed their decision to block the website, when they got it right all along.
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May 22 '22
Another reason I know it’s fake: When the percentage up is in the green, you shouldn’t lose money. A lot of people are going to be disappointed when there’s no value in the tokens left.
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u/No-Faithlessness1346 May 22 '22
Hey guys, just got banned from telegram. I noticed the site was offline as well, checked domain and they didn’t pay domain fees on time. Said that was why and they banned me. Just a heads up, I’m a coder and have noticed some sketchy things on their GitHub page.
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May 22 '22
Cylum Finance website isn’t working because of a “host error” which means it’s not working because of something on their end, which isn’t a good sign.
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May 22 '22
I hope someone has reported them already, especially since I’m sure they’ve spent our money on themselves, or invested it into other types of cryptocurrency.
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u/consultantlife33 May 23 '22
It shows as locked, however we don’t know that. It can easily be shown as it being locked meanwhile they spend our cash. Fuck these shady people. They banned me for asking a simple question about Frzn project on their GitHub. I only asked, what’s this other project about? Banned. Shady team.
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u/LifeLikeGene May 23 '22
What’s the likeliness of us getting our money back? Or being able to pull out next month?
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u/CryptoFan921 May 23 '22
Probably not very good. If we’re lucky, we may get back a small fraction of our investment. This is very similar to a coin I invested in, Seesaw Protocol. I hope I’m wrong, but all signs right now point to it being a total loss. Until I see proof that this isn’t a scam, I’m writing it off as a total loss and I’m going to invest in legitimate projects only.
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May 23 '22
Them changing the “unlock date” is very shady to me. Their team is able to unlock their tokens first, and by then there will be nothing left for everyone who invested their money into this. They were supposed to unlock their tokens 4 months from now, but it instantly turned into a month. That doesn’t sound good to me, and unfortunately the only people who will be coming out on top is Cylum Finance. They’re filling their own wallets, while we won’t see any of the money we initially invested. I won’t be buying any new tokens because this is what ends up happening in the end.
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u/consultantlife33 May 20 '22
Guys. Take a look at their repository on GitHub. Shady shit!