Baddog Fever
3 min readJul 21, 2018

Zoin Exit Scam? Did NIX Platform Play A Role?

The NIX airdrop is really starting to look like it’s intended purpose was a Zoin exit scam. The old Zoin devs created NIX or are on the current NIX team and left the Zoin project dead in the water. Somehow they managed to convince people to buy Zoin, enticing investors by offering a 2 to 1 airdrop of NIX for every Zoin held during a predetermined snapshot. So far so good right? Well, What happened?

Immediately after the snapshot Zoin had a massive sell off. We are talking about a 95% drop in price! Could it be that since the Zoin Devs moved over to the NIX Platform there was no need to hold Zoin and sold the worthless coin leaving numerous bag holders? We may never know.

As the next few weeks went by, the NIX team not only shortened the amount of time holders could claim their NIX coins (about 1 week) but they more importantly delayed the Zoin holder claims process until they were able to get listed on on the IDAX exchange. Keep in mind the Dev team was able to begin trading BEFORE anyone who held Zoin were able to claim their NIX. That sounds a bit unethical, don’t you agree? As of today the price of NIX is down 74.60% It doesn’t take a genius to figure out that it’s “possible” the insiders dumped NIX and tanked the price before any of the Zoin holder claimants even received their NIX. Talk about double dipping!

After monitoring the Discord and Telegram channels for the past several weeks a story has unfolded that I believe needs to be brought to light. A number of people still have not, and probably will not receive their claimed NIX. I have been observing investors inquire on multiple chat platforms to be told that NIX will not be servicing any claims due to “user error”. I have witnessed the moderators of the NIX team acting aggressive, and even ridiculing investors who didn’t understand how to sign the digital claim from within crypto currency wallet. Some investors sent the incorrect NIX wallet receiving address. And even though it can be proven that these investors own the wallets that held their Zoin coins during the snapshot, the NIX team cannot be bothered any longer and have refused to assist in correcting these “human errors”, which by the way, according to the NIX team members are equal to less than 1% of total claims. So, the question I would like to ask is that if there are so few people who need help, why not help them?

There is more than meets the eye and this story should be investigated further. Check out the NIX discord and telegram chat logs. Go back a few weeks and read the history of events. The story is there.

If you have information about a possible violation of the federal securities laws then you can report the issue to the SEC using the following link: https://acadia.sec.gov/