Beware Of Scam Project In SmartBCH

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Avatar for Eybyoung
2 years ago

SmartBCH is undoubtedly a perfect EVM compatible and is able to compete with Ethereum chain in building Decentralized Finance (DeFi) the technology behind it is almost flawless but different developers coming to SmartBCH has different interest. It is understandable that SmartBCH is still young and is susceptible to rugpullers, but we should always be vigilant in investing our money. Mostly devs in SmartBCH does not after growth and development but only wants to fill their bags from stealing.

Some has very promising projects in the beginning but later they'll give up on the project and just runaway with whatever BCH they had on their bags after launching or slow rug after whales are done playing with their tokens.

Promising GameFi - ended up into rugpull

There are two recent rugpull that happens in SmartBCH and is a promising GameFi project that runs after launching their token or after minting NFT.

With the hype that Axie Infinity and Pegaxy created in cryptoverse many developers are into making NFT's and making it as character to the gaming feature of their projects.

BCHTowns

BCH Towns is an exciting project when it was newly introduced by many, I was even interested about it because it's like building your town.. I was thinking like COC that you build your town and battle but it wasn't the same.

The funny thing about this project when it's about to launch that made me not to invest is that when @Fexonice1 conducted his light research about the project.. the developer said that they won't discuss any further development about the game to avoid being copied by others. Like what? We are in a decentralized world and that a real project should show clear roadmap just to make sure the investors will never doubt them, it's already a red flag.

Another one is that before the launch of $Town token there is a fake token already trading, and the guy behind the project said “The warning is there” coz he left some warning before he was away in Telegram, that's second red flag.

Last is the guy didn't give the CA (contract address) right away.. he gave it late in Telegram but the token is already tradable, which is very cunning. Leaving small investors bought at peak because it is already trading as he gave the CA late.

With all those things, I really believe the project is no good at all but only plans on looting investors.

Image source cannot be found anymore because they already deleted all their social media accounts.

Pixs- RPG

Another one is this Pixs-RPG, I remember I even retweeted their short video clips in Tweeter when they shared it. I was awed that finally an exciting game will come to SmartBCH. I've also seen that it was retweeted to some BCH enthusiast such as Hayden Otto, so I was confident that the game will be exciting and develop further as it caught the attention of some BCH enthusiast.

This is some of their NFT's heroes looks likes that will battle in the game. If you happen to read Pantera article (don't blame him for writing about the project, it's not his fault that the project isn't reliable) about this game, it is really exciting. Who would have thought that it will end up as rug pull right?

Aside from the heroes there are also Island NFT's, owners of Island NFT'S can profit on taxes and resources harvested. It is really exciting features right?

Then I've read Fexonice1 chat in telegram again that it was rugged last night on our time zone and deleted all their social medias including the site.

I won't go in further details about the project anymore because they're already rugged anyway.

This is why other investors demands proper doxxing (DOX) of projects to avoid investing in scam project. Proper doxxing will show some background of the developer and the team behind the project just like Pegaxy and Axie Infinity where you can see there are real people behind it, where you can talk or see them talking not just merely chatting on Telegram as anon.

Images source cannot be found anymore.


This is also one of the reasons why I'm losing interest in investing in Play to earn games and even on any SmartBCH projects because mostly of the projects is not for long term they are all just great in the beginning with so much promises, it's painful our hard earned money.

Although I didn't minted NFT and buy tokens of both project, it saddened me that they became rugpull because I was thinking a good projects is now building on SmartBCH which is not.

So please, beware of scams.. don't over invest and don't invest on uncertain projects.

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Date Published: April 20, 2022

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Avatar for Eybyoung
2 years ago

Comments

Mao nang wala ko nagkainteres musulod anang smartbch. Murag ang pangalan dapat nila ilisan na ug "SmartScam" hahahah.

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2 years ago

No! Don't say that. SmartBCH is the sidechain of Bitcoin Cash..the problems are some devs coming into SmartBCH that has bad intentions not the SmartBCH itself.

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2 years ago

Number of scam project coming in the market i also face almost 5 to six scam project

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2 years ago

Yeah it happens on different chain as well not just in SmartBCH.

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2 years ago

Fortunately, I don't know about these kinds of projects and that's why I am not investing in such kinds of projects. Btw, still thanks for the reminder.

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2 years ago

Omg May mga rugpulls padin pala ate Eyb doon? Huhu di na ako ganon ka active sa SBCH e. Hinahayaan ko nalang doon yung mga tokens ko since di pa naman sila nataas 🥲

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2 years ago

Oo yung mga promising projects hanggang promise lang talaga haha

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2 years ago

Thank you for this reminder even I am not into gaming or I am not that knowledgeable about it.

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2 years ago

The community of SmartBCH is now almost full of scam projects only few are rare projects and things should be done quickly to avoid such because SmartBCH is still at her young age.

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2 years ago

I talked about doxxing of project owners in one of the major smartBCH telegram group last night, most of them said doxxing doesn't solve anything, a project that will rug will still rug. However, I believe doxxing can have an effect when properly done.

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2 years ago

Yeah but at least it way formal and you know we have some people to curse on unlike anons hahaha

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2 years ago

Mukang maganda pa Naman Sana Yung bch town no tapos rug pull pala.

$ 0.00
User's avatar Yen
2 years ago

Kaya nga eh, pati yang Pixs-RPG eh ayos din sana.

$ 0.00
2 years ago

Pass na din muna ako sa mga p2e and some othe token. Pili nalang pag iinvestan ko ganon. Hirap na mag tiwala ee tsk

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2 years ago

Kaya nga nabutas na ang trust charot 😂

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2 years ago

Bwahaha at nagbunga for sure. Charowtttt ahahahaha

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2 years ago

So Fexonice research saved you from investing in BCH Town, and now Pixs-RPG is also proved scam. Investors should need to be really careful.

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2 years ago

Yeah hehe thanks to his research..

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2 years ago

Luckily I never vet scammed by any of BCH project because I always invest when the coin was already at its hype and everyone take advantage from it but I am the one who loose money in investing low potential projects

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2 years ago

The cryptolife is amazing! :))

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2 years ago

Haha yeah 😂

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2 years ago

Same..ayoko muna mag invest sa p2e.. I remember Pantera said Pix is one of the promising projects here along with Pandaland . Indeed it is if basing on its whitepaper.. These devs are truly expert and probably just one of the scammers before.. Just coming back to scam more as already know the strategy..

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2 years ago

Kaya nga eh pabalik balik lang ata mga yan since mga anon naman sila di natin alam tsk

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2 years ago

Hindi talaga ang nag iinvite ate para hindi ako sigurado or hindi ko nababasa dito about sa project nayon kasi ang purpose para malaman yung feedback.

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2 years ago

Hindi naman pag iinvite yung pagsusulat about projects it's a way of sharing awareness to others.

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2 years ago

I invested on the game BCHtown, their CA is not SmartBCH but there's one on Telegram, there's also a swap on mistswap, I was hyped to buy their token when there's a post on noise.cash about it, hopefully I invest a little amount and bought a few TOWN tokens then stake it on such massive APR, I think the APR reached 17k percent with token value of 0.20 dollars which is quite impressive but they just deleted their entire social media pages specially on Telegram. A great lesson I learned is to know the game first if it's legit or not.

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2 years ago

Oh, so ano yung CA Nila? Hmm kaya nga lessons learned na lang talaga wag basta basta mag invest.

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2 years ago

Good that you have pointed it out. Scams in the cryptocurrency domain are on the rise.

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2 years ago

Yeah scams are still rising whatever chain it is in Crypto

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2 years ago