The currency #USDT * shows several strong warning signs indicating that it is a *high-risk project and may be fraudulent*:
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⚠️ Warnings from independent sources:
- The website "IsThisCoinAScam" classified the project as "weak" with critical alerts, including:
- *No official whitepaper*.
- *No disclosure of the team’s identity*.
- *Small market size* (around 90 thousand dollars) with no actual trading or stable liquidity [1].
- One technical analyst (Cointimes.ai) noted:
- *Unverified smart contract*.
- *Warnings of potential fraudulent code* in the smart contract.
- Absence of any actual traders or activity on the network [2].
- Information from CoinMarketCap confirms:
- The total number of coins is 10 million, but *there are currently no coins traded* on the platform.
- *Zero trading in the past 24 hours* [3].
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❌ Red Flags:
1. *Untrustworthy smart contract* = concern about the possibility of a liquidity pull (“rug pull”).
2. *Lack of team transparency*, no whitepaper or proper website.
3. *Liquidity and trading = zero* → considered a feature for fraud.
4. *High-urgency alerts* from cryptocurrency analysis tools.
5. *High tax code* (example: ~25% purchase tax!) = an indicator of design to entice and trap investors [4].
---#DAOBaseAIBinanceTGE #MyTradingStyle $BTC #FOMCMeeting #PowellRemarks $BTC
🧭 Summary:
- The project has *overstepped the basic controls* for sound investment.
- It involves a significant risk *therefore* one should:
- *Avoid investing in it*.