Scam (SCAM) scheme through which you are cheated!
Today I would like to talk about fraud. Today, when there is a war in Ukraine and the global economy is in stagnation, often, in order not to eat their savings, many people resort to investing in various high-yield programs, which are 98% fraud schemes. Scammers; were, are and will be. And their schemes are similar to each other. You just need to look closely at them and be able to distinguish the lie from the truth.
Today, cryptocurrency came into our lives, and a global crypto-market was formed. Many people know that the crypto-market brings high profits, but few understand what the crypto-industry is all about. This is successfully exploited by scammers, which have appeared in the crypto market in great numbers. But the working schemes of scammers, in their essence, remained the same, only undergone a light, cosmetic make-up.
Today I want to tell you about a fraudulent scheme through fake tokens at Pancakeswap exchange. We and many other authors have written about it many times, but my audience is growing, but scammers are still trying to cheat, so I decided to write again, and explain their scheme, so you won't fall victim to them.
The scheme scammers (scammers) is very simple and differs little from the MMM, Finiko and other pyramid and fraud schemes.
They create a channel, fill it with news or analysis and buy a lot of advertising. The scammers publish the news that Binance or any other exchange will release a new token or index, which will allow everyone to earn 1000x profit! Of course, the scammers write that this "miracle token" will be traded on the Pancakeswap exchange.
Why there, at Pancakeswap? Because on that exchange anyone can pour in a token. That's what scammers use. They create a token without being able to sell it later.
So if you see that there is a news about token with "enormous potential" and it will be traded on Pancakeswap in some information or social channel that you are subscribed to, then most likely they are trying to scam you.
The main thing to remember is that crypto tokens (cryptocurrency, coin), is not a commodity, it is a tool to attract investment for projects, or a unit of account in some ecosystem (crypto-platform), for which you can buy some goods and services.
In order not to be deceived, carefully study the project, its feasibility study (White Paper). If you are offered to buy a settlement token (utility token), study how you will be able to realize this token, what kinds and goods you will be able to pay with it. What dividends will be paid on the tokens offered to you. If the token is already listed on crypto exchanges, analyze its price dynamics. If you find it difficult to understand the valuation of a particular cryptocurrency on your own, don't hesitate to contact specialized experts. The main thing to remember is that if you buy tokens (cryptocurrency), you must clearly understand for yourself where and how you will be able to sell it in the future.
Do not let yourself be fooled! Peace and prosperity to you!