The new year has just begun and already there is the first scandal to IOTA. A few days ago, a 71-page Market Research the company FS Insight was published to IOTA. In the market report, the market is expected for the year 2036 capitalization for IOTA of 700 billion USD. This would have an IOTA rate of about 250 USD for the episode. The report is not very positive for IOTA, but was apparently paid by Dominik Schiener, Co-Founder of IOTA,. Are we looking at here, just the facts.
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IOTA has paid for Market Research
Just a few days ago, we published a IOTA prognosis of the company’s FS Insight with us. In the Market Research, the company focused mainly on the future of IoT market (Internet of things), the benefits of IOTA and the potential chances of success of the Foundation. Some assumptions were made, and far into the future looked. As a result, IOTA was classified with a market capitalization of 700 billion USD. This would have a price target of $ 250 to the subsequent and stems from the fact that IOTA has a great chance to set a Standard in the IoT area.
Although the Market Research of FS Insight was quite positive in terms of IOTA, but no-one would have expected that it was a paid report. Almost all of the News Outlets worldwide have reported objectively about it, without any indication that the report was paid for by IOTA. Only a few days after the publication of the small print was analyzed in the Market Research in more detail. Let’s look at the Original snippet that was discovered by Twitter user Hasu well as the first.
Fund entered the “independent research boutique” English experience a bullish 71-page report on IOTA. Fineprint: commissioned by IOTA. @Fund entered pic.twitter.com/WuNv28EKi9
— Hasu (@hasufl) January 18, 2020
In the yellow highlighted section is written:
Dominik Schiener is both Co-Chairman of the Executive Board of the IOTA Foundation, as well as Co-Founder of the IOTA Foundation. Dominik Schiener has given this particular research project in order/paid and has permission to disseminate.
Donors Dominik Schiener was something covered
We hold so, in short: Dominik Schiener has given this Market Research, in order and paid for it. The may like at this point, any interpretation of such as he, but a bitter aftertaste remains certainly. In addition, you can not place on the Market Research of the “prestigious” company’s a lot of value. This is the end, nothing else, as if you are indirectly advertising of IOTA.
It is interesting to note is also that the company has to hide trying to the outside is probably the money behind the Market Research. On the page a short version can be found, where not only Dominik Schiener and IOTA not a word to be mentioned, but even that there were no known conflicts of interest in the preparation of the report.
FS Insight knows of no material conflicts of interest, and has no reason to have knowledge of it.
This means that all those who had Premium access to the entire document, but only through the official website of FS Insight on the short report were access, did not get any information about the donor. The borders on market manipulation, because FS Insight is popular with investors looking for promising Investments. Thus is created a certain image, what is the lens and not the reality must correspond. This, in turn, leads investors to invest in the temptation in the project IOTA.
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IOTA is currently in a good light
Many Altcoin projects have one thing in common. You need to use the money of the investors or their own Coins to the investors, to dump, to make for the own Coin enough advertising. Many Altcoin investors are of the opinion, regardless of IOTA, that it is only the lack of Marketing until the world will see the advantage in this revolutionary Coin finally. But in the end, it is, in most cases, only sound and smoke, and above all enriched the Creator of the Coins.
In addition, the bad IOTA course speaks well for that too slowly by the Foundation in advertising need to be invested. But please, not in this Form. This leads exactly to the opposite, and the confidence in the project to decrease.
Regardless of what, you should of the technology from IOTA and the Coin to keep and what are the chances you like this award, I think we here all agree that this circumstance throws no good light on the IOTA Foundation and Dominik Schiener. We are curious about is whether IOTA to comment on it and keep you posted.
What do you say that IOTA and Dominik have paid Schiener for the Market Research?
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