ShareNode Suspends Withdrawals of NSG Amidst Claims of Nasgo’s Lack of Value or Interest
ShareNode is taking a totally different route and it seems to have hit a dead end. The company recently announced that it would be suspending Nasgo(NSG) withdrawals until Q3 of 2019. Nasgo, a decentralized blockchain which connects publishers and developers to global clients is affiliated to ShareNode. However, ShareNode which utilizes Multilevel marketing systems has left its users with almost worthless pieces of NSG, the currency of the Nasgo blockchain.
ShareNode which runs a marketing and advertising system has different affiliates who are rewarded with NSG, SNP (Sharenode tokens) or Bitcoin. Since ShareNode runs an MLM system, users have to invest and wait for others to invest before they can get their own cash or profits back. That means to get an ROI in BTC, users had to purchase NSG.
Although Nasgo has tried severally to revive its token, including sponsoring the February 2019 Super Bowl. The company also launched ShareNode, its sidechain which got people interested in the token (NSG) in the first place. The company also launched apps Amico and Vapr which will further promote the usability of its token. However, Nasgo failed in all its attempt.
ShareNode recently had to send emails to its affiliates telling them that wallet withdrawals of NSG withdrawals to Q3 2019. The announcement which was made on the 3rd of May was made to avoid “one-sided sell-offs”. The public and internal values of NSG and SNP will most likely dump to $0. ShareNode is most likely trying to manipulate its users to avoid a massive sell-off. As it is, ShareNode holds entire control over the SNP which is a token built on a Ponzi system.
As it is, ShareNode has announced ahead of its launch that it is experiencing a use case. It claims that Damosaun Casino utilizes it for its online casino usage. Despite the issues facing it, ShareNode claims it is ‘coming along fast and furious‘. the company also announced that it had made several changes to its compensation plan. It would seem that all these changes are a move toward loosening the affiliate bonds ShareNode shares with NSG and moving it towards SNP.