I recently started altcoin hunting and came across $ALAI, the Alai Network token. The platform promises "A New Era of Passive Income with AI Ecosystem"
However, a look at its whitepaper shows it is a document of common trading and investment definitions.
Whitepaper Link: https://alainetwork.com/whitepaper.pdf
Its token sales page, Alai Network claims you could get X100 in 30 seconds as an ALAI investor. They further promised non-stop dividend paid in USDT. This one got me curious. Where would all that USDT come from? They claim it's from AI trading.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2024%2F07%2F21%2F4k8xq.png&t=665&c=WCBme81w62Q99Q)
And this sounds like what a HYIP would claim:
They claim $ALAI is a deflationary token with a 21 million supply, obviously imitating Bitcoin for effect.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2024%2F07%2F21%2F4kbPj.png&t=665&c=RcCCOzDmW4Ospw)
Reference Link: https://alainetwork.com/
Amount Scammed: ---
Payment Method: Crypto
Proof of payment:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2024%2F07%2F22%2F4keYZ.png&t=665&c=n4bEZ8ax1k9IZw)
Additional Notes: I strongly believe that Alai Network is potentially an exit scam. Its claims are just too unrealistic, and the high ROI and referral reward are something Ponzi is known for.