Hi everyone coming from eQuid, welcome to GalacticTalk!
eQuid is a cryptocurrency issued on the stellar network and GalacticTalk is a forum about the stellar network. You are welcome to ask any questions here related to both technologies. I have added an eQuid tag, so please add it to all discussions about eQuid. Or you can ask directly in the eQuid thread.
I have deleted a few discussions that are just one sentences and don't contribute any value or that are just blocks of text copied from the official eQuid website. We at GalacticTalk value quality content before all. If you decide to write something please read first the stellar community guidelines, because all of us are following the same rules. If you would like to share a piece of text from another website don't copy it. Instead create a link and write about why you think it's interesting to share it. Also use markdown to format your posts so that content is easily accessible to anyone.
My opinion about eQuid
I just finished reading the official website and the white paper and most of the content that I found is vague and doesn't tell you much. The white paper also uses the term Case Study for describing a hypothetical story and doesn't leave the reader with a lot of confidence.
A big part of eQuid's description is being earned into existence. However, 10 million eQuid already exist and I couldn't find a description about how this was earned into existence. It looks more like the founders of eQuid arbitrarily decided that their work is worth 100.000 USD and is good for humanity.
Most surprisingly, the MLM distribution program is clearly a pyramid scheme. Instead of following the idea of distributing eQuid to people that contribute to healthcare, education and planet care it's distributed in a weird way with referrals, completely defeating the main mission goals.
Just a word of warning. Stellar allows anyone to create and distribute their own cryptocurrency super easily and because of that, I would be really careful before investing into any of this currencies. Try to read as much as you can and inform yourself about everything. Lately I've seen a lot of a become quick rich attitude in the cryptocurrency world. The prices keep raising and more investors are attracted, but this can easily backfire. Never invest money that you can't afford to loose.
