CMDX dumped from only public exchange following audit
In a desperate bid to legitimize his CMDX Ponzi scheme, owner Tom McMurrain has been talking up public trading on the OpenLedger exchange.
Those negotiations seem to have gotten as far as OpenLedger allowing deposits in CMDX, but as far as I can tell no actual public trading took place.
Now OpenLedger has announced it’s pulling the plug on CMDX support.
In a CMDX “State of the Union” video dated July 11th, McMurrain (right) was positively gushing about having found an exchange.
We’ve met with over thirty different cryptocurrency exchanges, there’s a lot of junk out there, but we narrowed it down to five.
We’ve selected the exchange we’re listing on. They’ve been around for five years.
Y’know they’re a very well-known brand in the blockchain space.
Very well respected, and they were impressed by our business model, technology and the tokenomics of CMDX.
And I’m really happy to announce we will be listing the CMDX token on “openledger.io”.
We’ll be creating a formal consulting relationship with them as well, so we can conduct a one hundred hour tech audit, roadmap and high-level vision document, so we can see CMDX through the eyes of highly experienced blockchain experts.
I’m really looking forward to going through that with them.
In another “State of Union” marketing video dated July 21st, McMurrain stated;
We are a couple of weeks away from having a publicly traded CoinMD CMDX token on OpenLedger DEX.
That is the last “State of the Union” video McMurrain published to date.
In an August 8th announcement published on their website, OpenLedger advised;
According to the audit results, we arrived at a decision to terminate the support of the CMDX gateway.
The above-mentioned gateway will be disabled according to the terms and conditions of our listing agreement with official token representatives.
CMDX token deposits have been disabled immediately. Withdrawals will be disabled from August 16th and support of the platform dropped on August 21st.
OpenLedger did not disclose what their audit revealed. Whatever it was though, it was enough to sever ties with CMDX and McMurrain effective immediately.
At the time of publication McMurrain is yet to respond to OpenLedger dumping CMDX.
Given the pervasiveness of dodgy crypto exchanges, it’s likely he’ll just move to get CMDX listed elsewhere.
Through public trading, McMurrain and CMDX investors hope to launder worthless CMDX tokens through other cryptocurrencies.
Following the collapse of OneCoin in early 2017, McMurrain launched CoinMD as his own Ponzi points spin off scheme.
CoinMD collapsed a few months ago and was rebooted as CMDX.
Although the US makes up the majority of traffic to CMDX’s website (88%, Alexa), investment wise McMurrain is primarily soliciting investment in Nigeria, Vietnam and the Philippines.
McMurrain has stated he hopes to have one million CMDX investors on board by May 2020.
Update 10th August 2019 – Following a purported conversation between Tom McMurrain and OpenLedger’s lawyers, the reference to an audit has been removed from OpenLedger’s announcement.
The quote in our article above referencing the audit, is as it appeared in OpenLedger’s announcement at the time of publication.
From Spin Central:
Tom, you’re a convicted felon with a long history of promoting (or running) blatant scams. People who do basic due diligence can’t walk away fast enough from you.
And any business you may be running at the moment.
But but but… McMurrain sounded so eager to have an audit.
And why would OpenLedger lie about it? They literally have nothing to gain.
I guess the audit extended past “muh blockchain”.
Can’t be very long until this career scammer McMurrain will be arrested.
But how stupid and lazy people must be to give him their money. Unbelievable.
Tom got CMDX listed on an exchange, birake dot com.
Birake offers a “white label” exchange service for anywhere between .49 and 5 BTC/year.
So far the token hasn’t exactly taken off, at the time of this writing CMDX is down 79% on a volume of .16 BTC:
trade.cmdxpro.com/market/BIRAKE.CMDX_BIRAKE.BTC
Birake has been notified, let’s see if they respond.
Frankly every Ponzi/pyramid-originated coin should register on some exchange where it can be publicly traded. The sooner the better.
When the inevitable fact comes out that only members will buy the coin and that there are tons of sellers with very few (if any) buyers, that is the point where the price of the coin collapses and the scam is done and dusted.
Imagine if OneCoin had hit an exchange in 2016 like promised – the price would have plummeted instantly and the current trial would be about millions instead of billions.
God bless the CEO of CMDX,Tom Macmurrain for creating CMDX bitcoin of healthcare in the world.CMDX is 100% real and transparent.we love CMDX.
Now trading on a decentralized exchange, launch a worldclass global healthcare marketplace with providers accepting CMDX for payment.
No live CMDX
Live health! Be wealthy!!
Come on now, name three independent healthcare providers accepting CMDX natively.
Go on, I’ll wait.
And after collapsing earlier this year, I see McMurrain has found a new audience in Nigeria again. Groan.
Pls i do upload a screen shot on how to access the marketplace. So many provider all over the world.
No need. Just name three independent health care providers we can look up and confirm they accept CMDX as payment natively (no conversion).
The aim of McMurrain was a nice one however this is an Avenue to reduce poverty on earth.
moreover this is how bitcion started so let’s suport the idea of McMurrain.
Bitcoin certainly wasn’t started by a scammer leaving one token Ponzi scheme to start another.
And don’t kid yourself, you’re not reducing poverty by stealing money from those who join after you. The house (McMurrain) always wins in a Ponzi scheme.
“At long last, have you left no sense of decency?”
Tom is pitching CMDX as the “Onecoin Killer”:
imgur.com/a/BxBZhbp
What the update about this cmdx is this ganue ?.
I don’t know about “ganue”, but CMDX was just a vehicle for Tom McMurrain to steal your money through.
You invested in a Ponzi scheme. Sorry for your loss.
It seems that Tom has run out of suckers.
The last post on his “New Currency University” facebook page is from May 7th of this year. I don’t know if he’s pimping CMDX through other social media platforms, as far as I can tell he’s gone radio silent.
This of course can only mean one thing, Tom McMurrain is on the lookout for a new scam to pimp or front.
McMurrain’s still running the CMDX Facebook page.