Satowallet Shares (SATOS)

wilfred 22

rated:

wilfred posted on March 05, 2020 18:05:36

I used to have some Satos and lost money when they pulled off an exit scam. Until then, everything was going fine.

I learned a lot of lessons from their exit. I trusted them more than I should have.

Don't keep funds on unpopular crypto exchanges. The ones with the most users have them for a reason.

cryptomole 2782

rated:

cryptomole posted on February 25, 2020 16:11:08

In the original Satowallet Investment Paper, Satowallet Shares were described as a capped blockchain asset of Satowallet (strictly limited to 10,000,000 SATOS) which would give its holders several benefits, profit sharing being one that appealed to me the most:
SATOS holders would be receiving 40% monthly dividends from Satowallet exchange fees in proportion to their SATOS stored on the platform. Click here to see more... 20% of trading fees would go to referrals, while the remaining 40% would go to Satowallet Company.

I used to have some SATOS in my custodial wallet up until the point the company behind the project allegedly pulled off an exit scam. You can learn more about the case on TNW, IBT, Finance Magnates or CryptoVest. Just type "Satowallet scam" to your preferred search engine.
Since SW was a custodial wallet and I didn't have access to my private keys, I lost my SATOS and several other cryptocurrencies on top of that (luckily, relatively small amounts).