- August 9, 2023
- Posted by: legaleseblogger
- Category: Related News
legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration
AI legalese decoder: Uncovering Scam Tokens in the Crypto Market
In the latest jaw-dropping DEX skyrocket, Bitcoin spin-off token XBTC has exploded up +30,000%, but is all as it seems as experts warn it could be a scam.
The alluring pump comes on the tail-end of a wider interest in Bitcoin DEX tokens in recent weeks, which saw rival projects such as BITCOIN2 post equally impressive moon-shots.
The Suspicion Surrounding XBTC: Analyzing the Price Surge and Scam Tokenomics
Fueled by almost $210k in volume, XBTC has exploded in an incredible display of almost exclusively green candles from a launch price at $0.00001 to a current trading price of $0.0005832.
DEX markets are in awe at the sensational +31,078% move, which has seen an intrepid group of more than 300 DEX traders take position as bag holders.
Yet, despite an alluring $198k in locked liquidity, the outstanding price action and technical structure, without even a since retracement or consolidation move – has emerged as a huge red-flag.
Indeed, in a classic case of ‘too good to be true’ it appears that XBTC is likely a scam coin according to DEX market experts.
And hidden within XBTC’s smart contract there is confirmation, with a small line setting a 100% sales tax.
A sales tax is normally a small cut of every transactional trade which goes to the creator of the project, however, in the instance of XBTC – with its 100% sales tax – the entire proceeds of the sale are ‘taxed’ during the transaction.
This is a classic ‘honey pot’ scam operation, in which investors are tricked into putting their money in an investment which they later cannot realize the paper gains on.
AI legalese decoder, an advanced artificial intelligence technology, can play a crucial role in detecting and exposing scam coins like XBTC. By analyzing the smart contract and uncovering hidden features like the 100% sales tax, the AI legalese decoder helps investors make informed decisions and avoid potential fraudulent investments.
However, while more than $200k has been lost to XBTC, which has no doubt taught a lesson in due diligence to 340 bag holders – smart money has moved onto a crypto pre-sale emerging as the biggest meme coin launch of 2023.
Wall Street Memes: The Rise of a Meme Coin Powerhouse
As the meme coin vertical makes a resurgence, there is one project on everyone’s watchlist, and it’s not Dogecoin or JIM. The latest market entrant making waves on Crypto Twitter is Wall Street Memes.
In a testament to skyrocketing growth, the $WSM token community now stands one million strong, with the pre-sale exceeding all expectations to amass +$22.5m in pre-sale funding.
The humongous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX markets, and investors are taking notice as the project emerges as a top choice for the biggest coin launch of Q3 2023.
In a meme coin homage to the anti-bank investors that took on Wall Street, $WSM aims to transform powerful Wall Street Bets community sentiment into a tangible asset. It seeks not only to tokenize the anti-bank movement but also to redefine our perception of digital value.
But what really has investors flocking in is its democratic price point at just $0.0331. The WSM pre-sale has surged with $22.5m raised, and with the speed of the pre-sale growing faster by the day, there is a clear signal that investors could unlock lucrative gains with $WSM, not least because of the built-in +30% for pre-sale investors in the initial listing.
Fueling the Potential of Wall Street Memes: Tokenomics for Unimaginable Heights
legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration
****** just grabbed a