Am sorry for my following harsh words but allow me to share my first warm impressions after reading opening post.
Here we go again with the old scheme of the tokenized gold scams .
It's not really that harsh because its the truth when I'm just starting out 4 or 5 years there is a lot of gold based token that turns out to be Ponzi scheme
For the ones eventually still not familiar with them here's broadly how they work : a tokenized gold scam typically involves a fraudulent investment scheme that promises high returns on investments in gold that has been "tokenized" or digitized. The scammers may use a variety of tactics to convince victims to invest in their scheme, such as using slick marketing materials or making exaggerated claims about the potential returns.
Once victims have invested in the scheme, the scammers may use a variety of tactics to delay or prevent them from accessing their funds, such as claiming that there are technical difficulties with the platform or that the investment needs to mature before it can be cashed out.
In many cases, the scammers do not actually invest the funds in gold, but instead use them to pay off earlier investors or for their own personal gain.
Basically yet another dress for the good old Ponzi scam.
You sum it all up I invested in one I forgot the name they used gold as collateral to make their projects look good in the eyes of investors, they even used all kinds of hype like a bounty campaign if you notice here there are many newbies and junior members here who shill and hype this type of project but for old members, they know that this is another Ponzi scheme in the making, so investors should be aware of this scheme.
I have a feeling that these are bunch of paid shills to hype this project, its so easy to tell.
