"Dust Devil in the Cryptocurrency Market:" Light Oasis "Carpet and Falling"
The cryptocurrency market has seen a significant part of the high profile fraud and Ponzi schemes over the years, but due to one recent phenomenon, investors interviewed their reasonableness - "registrations of unreliability". These Shenanigans, also known as toksen Burning Events, include a group of individuals or companies trying to deceive investors by interrupting funds from already bankrupt projects.
A great example of this phenomenon can be seen in the infamous project "Oasis of Light". 2017 Started with a shiny new logo and marketing material, Luminin Oasis promised to its chips for almost unlimited return on investment through a complex algorithmic trading system. However, behind the scenes, project administrators allegedly used funds to finance their generous lifestyle, including buying large land in the Bahamas.
When investors began to question the legitimacy of the project, the Luminin Oasis leadership said they had "burned" all the footwear, effectively destroying the project. However, the truth was far from it - the company's CEO and other best executives actually used funds to invest in real estate transactions around the world.
As a result, investors lost the value of about $ 1 billion, causing an oasis of light to become one of the largest tokens in the history of burning events. This incident was a pronounced reminder to the cryptocurrency community, equally with complex marketing material and convincing promises, the truth can be hidden on the facade of legality.
The Tasken Burns phenomenon is not new, but has become more common in recent years, especially among smaller projects. This type of scammers are based on psychological manipulation of investors, using tactics such as fake community involvement, returns of non -rising investment and reasonable marketing to lure people to invest.
One noticeable example of the successful Token Burning event was the Pump and Dump scheme that includes the Binance Coin project. 2021 Binance, one of the largest cryptocurrency Biržai in the world, has announced that it will burn $ 200 million. However, instead of using this access key for legitimate purposes, the investor group managed to create a huge pump and comb scheme, artificial increase BNB price and then sell at peak time.
These events emphasize the need for alertness of cryptocurrency investors. It is important to do your research, check the legitimacy of the projects before investing and be careful about any promises that seem too good (or bad) to be true. As they say, it is said, "Don't take and discard" - and always be careful about groups or individuals trying to manipulate the personal benefit market.
In conclusion, while Augpulls is becoming more common in the cryptocurrency space, it is necessary to remain alert before investing and check any statements. By doing so, you can avoid one of these fraud victims and ensure that your hard -working money remains safe in the volatile world of cryptocurrency.