John McAfee’s Team Out to Expose KuCoin Exchange vs Apollo Currency Rigged Voting System
In July 2018, Singapore-based crypto exchange KuCoin had announced a Telegram competition that allows cryptocurrency communities to vote for their favorite coins to be listed on the exchange for free.
Later, a clear winner was announced, Apollo Currency, but the promised prize was not given. KuCoin later posted a new set of results, claiming that the 3rd place winner was actually the winner. That token then received the listing on KuCoin rather than the clear winner: Apollo Currency.
The contest was held from 12th to 15th July and 50 different tokens had competed. Apollo was ahead of the pack with 37,510 votes, SilentNotary came in second with 21,041 votes, whereas LockTrip came in 3rd with 13723 votes.
Many users and famous personalities in the crypto ecosystem have come out to denounce this act by KuCoin. Jimmy Watson, the CEO of Team McAfee also weighed in on the issue.
“We allow this behavior, while legitimate proven applications wander the desert. Frustrated voices fall on deaf ears and high audit scores are met with blind eyes. In the case of KuCoin, Apollo Currency won fair and square! They were voted first place out of fifty tokens! The difference between first and third in this competition was thousands of votes! KuCoin boldly stated the winner was guaranteed to be listed with $30,000 dollars in marketing.”
He went ahead to call KuCoin’s foundational method of voting to reach the majority decision a magical act.” In sharp attack, he said, “The puppet master danced fifty tokens for the crowd but chose his favorite one before the act.”
Although it appears that LockTrip is a legit token with no history of foul play, Apollo currency had been the clear winner. Watson goes on to call this act of “premeditated hoax of deceiving another human with something so sacred as voting” an embodiment of a predator seeking out the innocent without remorse.