iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,866 Blog Posts

THIS IS THE BIGGEST BLOCKCHAIN/AI YOLO TRADE OF ALL TIME: $LFIN

Check this out. It has all of the trimmings of wanton degeneracy on an industrial scale.

Recent IPO: check
Small float: check
Shady as heck: check
AI company: check

Right after coming public, they announce the purchase of a blockchain company: check

Longfin Corp. (NASDAQ:LFIN), a leading global FinTech company, announces the acquisition of Ziddu.com, a Blockchain-empowered solutions provider that offers Microfinance Lending against Collateralized Warehouse Receipts in the form of Ziddu Coins.

Ziddu Coin is a smart contract that enables SME’s, processors, manufacturers, importers and exporters using cryptocurrencies across continents. Ziddu Coins are loosely pegged to Ethereum and Bitcoin. The importers/exporters convert offered Ziddu coins into Ethereum or Bitcoin and use the proceeds for their working capital needs. At the end of the contract, importers/exporters will realize their proceeds and pay back their funds through cryptocurrencies only. Depending upon the risk profile of the counterparty, the interest will vary from 12% to 48%.

“The advent of Blockchain technology has caught the imagination of the global financial services industry; blockchain is emerging as a technological revolution that is set to disrupt the financial services infrastructure. Cryptocurrencies such as Bitcoin and Ethereum will act as a global financing currency to avail credit against hard currencies of many emerging markets.” Says Venkat Meenavalli, Chairman of Longfin Corp.

I’m in at $11.75. Let the fucking games begin.

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41 comments

  1. badduck

    This prints 20 today

    • 0
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    • 0 Deem this to be "Fake News"
  2. badduck

    I’m gonna toss something else out there.

    $LFIN just bought a blockchain company that deals with microtransactions across the web. You know who else does that? AirToken. https://blog.icoalert.com/ico-alert-report-airtoken-d8d5ee2175f5.

    You know who’s platform AirToken trades on?

    $TEUM

    You’re welcome.

    • 3
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    • Dr. Fly

      Already know it. Ive corralled all of them into one spot. Email me flybroker at gmail.

      You’ve earned some free access

      • 2
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      • 0 Deem this to be "Fake News"
  3. sarcrilege

    The real wanton degeneracy is that everybody and their pets is now in cryptospace which is what used to be called OTC ‘penny stocks’ – and it was not the ‘pink sheet’ wranglers who made dough, it was the promoters. Some things never change.

    • 0
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  4. reversion

    Short amtd into 2018

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. dragun

    should’ve held the 2x inverse VIX .. getting f*cked running sideways with a pineapple

    • 0
    • 0
    • 0 Deem this to be "Fake News"
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