ELASTOS FOUNDER RONG CHEN DROPPED THE BOMB IN AMA ! FINALLY ADMITS ELA IS A SHIT COIN !

"Anyone hoping that elastos will make you rich , that's definitely not true , you should give up on that dream today. If we didn't say it clearly before , i'll say today unofficially you should give up on that hope "

" I understand your frustration with investment, but i'll say it one more time , Elastos foundation will disappear soon like satoshi nakamoto, so don't keep high hopes in elastos "

Elastos founder Rong Chen finally came clean and admitted to community in clear terms that Elastos is and always was a shitcoin. It will not make its investors rich .Elastos token is merely a tool to fund the dream of Rong Chen to build the smart web 3.0 . ELA is an ever depreciating asset that peaked to $90 based purely on speculation and hype and now it's on a downward spiral to $0 based and facts and figures.

Rong Chen once again implored the community members to "contribute" as the Elastos Foundation is running shot of funds. The initially raised 6000 BTC and equivalent amount in NEO is mostly used up in 2 years of marketing and management fees and without further "contribution" from the community members Elastos Foundation will have to disappear sooner than anticipated .

Elastos is indisputably the biggest scam crypto community has ever witnessed , Its even bigger than bitconnect scam. The initial seed funding was close to $100 million [6000BTC + NEO] and the founders Rong Chen & Feng Han funnelled the BTC raised from investors into their own pockets through various personal expenditures that in turn gets charged to Elastos foundation which is cleverly kept as a private company and hence unaccountable to community.