Rug pull victims: $Eros x $Argon as a case study

SmartBCH came around just a few months back, it’s too early to judge or give a full review about it. However, if the current trend continues it might become a thing no one wants to be reckoned with. If you haven’t fallen victim to one then you are so lucky. When $MCASH pulled the rug I laughed at the victims and said they aren’t careful enough. $LEAP , $c4q also happened and I escaped them all. $Everup decided to show me I’m not that lucky as I think I am. It became $Everdown. The red flags were there but I ignored them and committed just a little amount.

A common trend now is for these tokens to reach out to readcash users and noisecash users to help with the marketing and promotion of their tokens. After $EROS and $ARGON’S rug pulls I started thinking of how I fell into their trap. I spent hours writing for them and also planning with Rome on how to promote the token. I could have fallen with them because no one would believe it when I say I’m not part of the team. The question that came to me was “why me?

I'm sure everyone will agree with me that only $BEACHSWAP beats $ARGON in the execution of the scam they did. $ARGON earned everyone's trust with $EROS, they made everyone fall for their detour, earned people's trust and then pull the rug when they least expected it. Everything they did was planned and intentionally. It was a script well written and executed.

I decided to go back to the genesis and I saw the message that made me message Rome Konald ( If that's truly his name). We were asked to fill a form for the airdrop which I did perfectly. I’m sure I was among the top ten to do that. I also instructed a friend on how to fill the form and he did the same. I was shocked to see my name on the list of those who didn’t fill the form the way we should and my friend's wasn't. @fantagira was also on the list, @Mhy28 and few others.

Full details here

1. Selection of prey:

This is their first tactic. They check out the Twitter account of members that fill the form and see if they are people they can make use of. Or look for big personalities on their group. One deadly thing about these scammers is that they don’t leave anyone out of their scheme. In fact, they scam those in the marketing team the most without pity.

 I’m sure they didn’t see anything interesting on my Twitter page. What's there to see?. Except if my normal football bants interest them.lol. Maybe the link to my readcash account which was on my bio and my constant post or avatar which shows the #Club1BCH logo was one of the things they saw. Also, they must have seen that I'm a novice, this makes me a perfect prey.

 2. They pitch the idea of joining the marketing team to you:

They will mention that they need someone to help them with publicizing on readcash and you will get excited. Who wouldn’t want to be recognized with a token?. They add you to a group or as was my case- ask you to create a group. They also watch out for the loudmouths on the group. Someone that answers all questions asked on the group and add him to the group. I can remember how a particular guy I know keeps on charging people to buy $EROS, saying it will someday be equivalent to 1 BCH. Such people are their targets.

 3. They feed your ego:

They ask for suggestions on how to promote the token though they have one planned already. They do this to make you feel important and part o the team. You give your suggestions and they drop theirs. With enthusiasm, we all rally around to hype them on the group.

 4. They reward you for your effort but don’t be deceived:

As with the case of Argon, they asked for members addresses and send something to them. This makes one trust them the more and believe there is more to gain by working for them. However, these scammers are heartless and ruthless. They don’t mind stealing from you even though you’re helping them with promotion. They might advise you to provide liquidity of a certain amount alongside the token given to you.  $EROS gave those of us on the marketing team 1.5 $EROS., and asked us to add to liquidity with $50. the $50 wasn’t given to us. We are to drop it ourselves, which I did.

5.They criticize other projects and talk about the other rug pulls:

To make you feel at home and give the project your all, they state their displeasure about recent rug pulls and even talk about how naive people are to fall for such cheap stunts. Imagine being advised on how to avoid scammers by scammers. This made us believe in them.

 As I said two days ago, I published an article for them but unpublished it 10 minutes later. I realize it was a scam with the help of some club members and I deleted the marketing group, blocked the admins and also warned others.

 In conclusion, these scammers are still around and they are looking for who to use and whose image to tarnish. It’s better one remain as a spectator in their groups than to get involved with them. They are so good, they will win your trust. I fell for them too. Their biggest targets now are readcash writers. They will offer you a deal to help them write and pull crowd to their project. Beware! Even if you put a disclaimer at the end people will still try to blame you went they pull the rug. Except you've earned a good reputation before, getting out of it might be hard.

Thanks for Reading! 🟣💚🟣