Currently, an app called "Treasure NFT" is trending in Pakistan, available on the Play Store. This app claims that users can buy and sell NFTs (Non-Fungible Tokens) through it, and anyone who invests in it will never face a loss. But is it really as simple and reliable as it is being portrayed? Let's take a look at the reality.
"Treasure NFT" is an app that invites users to invest in NFTs. It promises that your investment will be secure and you will definitely make a profit. However, when we take a closer look at its methods and claims, some concerning issues come to light.
According to experts and analysts, this app seems to operate like a Ponzi scheme. A Ponzi scheme is a fraudulent method where profits are paid to older investors from the investments of new people. In other words, it does not have a sustainable or real source of income. As long as new people keep investing money, this system continues to operate. But as soon as new investments decrease or stop, the entire structure collapses and the administrators disappear with the money.
The biggest feature of NFTs is that their buying and selling records are transparently stored on the blockchain. But the shocking thing about "Treasure NFT" is that contrary to its claims, there is no record of these NFTs on the blockchain. This makes it even more suspicious because if they were real NFTs, there would definitely be digital proof of them.
If you have invested in this app, now is the time to try to withdraw your money immediately. Because as long as new people keep investing, it will continue to operate, but as soon as this chain breaks, the creators of this app will clean their hands and run away. New users are advised to stay away from such alluring but suspicious promises and not to put their hard-earned money at risk.
"Treasure NFT" may seem like a profitable opportunity at first glance, but the reality tells a different story. It is a scheme that is playing with people's money and trust. Therefore, warn your friends and relatives and share this post as much as possible so that no one else falls victim to this scam. Get out as soon as possible and secure your investment. Caution is the best path!
