Zama has not released an official Token, and the existing Tokens on Pancake are scams.
The suspicious Token is believed to have a full market capitalization (FDV) of up to 60 million USD, posing a risk of total loss for investors if not cautious.
MAIN CONTENT
Zama does not have an official Token on the market yet.
The Tokens on Pancake are currently scams with an FDV of up to 60 million USD.
Has Zama released an official Token yet?
According to direct confirmation from the founder of Zama, no official Tokens have been issued.
Rand, the founder of Zama, confirmed on Twitter on 6/7 that no official ZAMA Tokens exist on the market. This means that any Tokens currently being sold or traded are not recognized. This is crucial information for investors to avoid confusion and financial loss.
Why are Tokens on Pancake considered scams?
The ZAMA Token on Pancake has been identified as a scam with a full market capitalization of up to 60 million USD, causing serious losses for investors.
A full market capitalization (FDV) of 60 million USD but without an official Token means that this Token has no real value, only being a counterfeit Token intended for fraud. This figure has been widely circulated, putting many holders at risk of losing everything. The cryptocurrency market is inherently risky, requiring investors to thoroughly verify before participating.
The ZAMA Token on Pancake is not a product released by us and is a scam posing a significant risk of capital loss for investors.
— Rand, Founder of Zama, 6/7/2024, Twitter
How can investors avoid being scammed by counterfeit Tokens?
Investors must check official information from the project and avoid buying Tokens from unclear sources.
Verifying the project, following official media channels, and consulting experts are ways to minimize risk. Additionally, be cautious of Tokens with high FDV but lacking clear supporting products or information. Investing based on expertise will effectively protect assets.
Fully verifying the origin of the Token and the project is the first and most important step to protect your cryptocurrency portfolio.
— Nguyễn Trần Bình, Cryptocurrency Financial Expert, 2024
What should be done when a suspicious Token is discovered?
When suspecting a Token is not authentic, investors should stop trading and notify the cryptocurrency community.
Prompt responses to the community help mitigate widespread damage while updating warnings from the project and exchanges. Actively securing wallets and closely monitoring market fluctuations helps protect assets from potential risks.
How can counterfeit ZAMA Tokens affect the community?
Counterfeit Tokens undermine investor trust and cause significant financial losses for the community.
When scam Tokens appear, investors may become confused and lose trust in the project and the cryptocurrency market in general. This makes it difficult for many projects to raise funds and expand development. The reality of counterfeit Tokens is a challenge that needs to be addressed by raising awareness and legal measures in the industry.
Compare the differences between Official Tokens and Counterfeit Tokens
Criteria Official Token Counterfeit Token Publication Information Clearly announced by the project, has a whitepaper and official channels Not published or ambiguous information, unofficial Market Capitalization Value Appropriate for the project's scale, transparent data Unusual high FDV, no accompanying products or services Risk Manageable risk High risk of total capital loss due to scams, pump & dump Certification & Evaluation Audited, has a positive community and expert reviews No reputable reviews, flagged or blacklisted
Frequently Asked Questions
Is the ZAMA Token safe to invest in? There is no official Token yet, and the Token on Pancake is a scam, so it is not safe. It is advisable to wait for an official announcement from the project. How to identify a scam Token based on FDV? An FDV that is too large compared to the project's scale, lacking transparency, or having no real product is often a sign of a scam. What to do if you suspect a Token is counterfeit? Stop trading, notify the community, and search for official information from the project. Where is official information about the ZAMA Token published? Official information will be posted on the project’s media channels by the founder. How to protect assets when investing in cryptocurrencies? Always verify the project, use cold wallets, monitor alerts, and consult financial experts.
Source: https://tintucbitcoin.com/zama-token-chua-ra-mat-scam-pancake/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
