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Project Seed Scam

Publish date: Nov 8, 2021
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Project Seed Scam

Honestly, I am tired of posting scams that were made by GameFi and Redkite, but this is outrageous.

Why?

Presale price is $0.025 per Shill token

However, on PancakeSwap launch time, the owner decided to add $75,000 BUSD and only 6,819 tokens into the liquidity. As a result, the listing rate is $75,000 / 6,819 = ~$11 BUSD per Shill token. In comparison to the rate of presalers, the listing rate is so much worse.

$75,000 / 6,819 = ~$11 BUSD per Shill token
The chart shows the initial price of about $11 per token

Based on the calculation, the presalers immediately receive a 440x bump ($11 / $0.025) = 440x – which meant that the presalers were able to profit on launch immediately and could dump on anyone that tried to buy the tokens at launch. On top of that, there is no vesting schedule for the presalers, so the project naturally dumped to the ground by everyone.

Learnings

Ask yourself this question – “Would I buy at launch if I knew listing rate is 440 times worse than the presalers?”

Disclaimer: Not financial advice. Do your own research.