BlockSafu - legit or scam? | Bitcointalksearch.org

lixer

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Quote from: kentrolla on December 24, 2023, 06:21:52 AM

I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

I've never heard about this auditor nor have I heard about this project. The market is highly saturated and there are a lot of projects that might be presented very well and promoted actively but might not be worth the investments because they can all just be for luring investors. That's why I believe that a person should avoid making investments in coins or tokens that they are not sure of, and if you can't do much research about them, you should leave them alone.

One should look for coins and tokens on the top lists of every exchange platform and invest in them because when you invest in top cryptocurrencies, you will have more guarantee that your investment will be safe and you will also get good returns based on the growth percentage of that particular coin or token.

ampere

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Quote from: kentrolla on December 24, 2023, 06:21:52 AM

I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

I have no information about coinrexx or the project; but i am very knowledgeable about BLOCKSAFU Audit firm. Its a reputable audit company inn the defi space
If you buy presales on pinksale, you would find out that they are verified personnels.

So what to do? you need to confirm truly that the audit is done by the genuine BlockSafu audit firm and not the fake one.
@BLOCKSAFU is their telegram handle; goodluck on your research

batang_bitcoin

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Quote from: Belarge on December 25, 2023, 04:44:21 PM

Quote from: batang_bitcoin on December 24, 2023, 02:42:43 PM

I've got a quick peek on their service and I think for most projects, the services they offer for an audit is too cheap. Maybe that's why this project you've mentioned managed to get into an audit through them because they are affordable so, that's not surprising that many projects are going to do such audits for them to give their investors that confidence that they're audited at least but with that company, I haven't heard them about or maybe soon who knows if they'll be one of the known names, we don't know.

There's only evidence proven by these projects, they tend to offer favorable terms and conditions for its users but most of them do later change and upgrade their sites to become more complex. We don't know how the space operates and never to become too sure of the projects that's on our radar, we just have to sit back and watch these projects grow to become either a formidable project or pure scam. Who can easily predicts scam and legits projects among these numerous projects in the market? These projects are not properly managed or check into because there's a whole lot that's happening and disturbing the whole process.

We may not know how actually the space operates in terms of these and these projects know that this could add some more credit to them and valuable overview for them when some potential investors look at what they're offering. But then, these audits can be done with the reputable ones and have more experience in the scene. I am not belittling whoever they're hiring to do their audits but investors nowadays are also looking the background of these companies they hire that are doing it for them.

kentrolla

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Quote from: john1010 on December 26, 2023, 12:44:53 AM

Quote from: kentrolla on December 24, 2023, 06:21:52 AM

I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

BlockSafu is supposed to be an auditing firm that verifies the security and quality of smart contracts and blockchain projects. However, I could not find any evidence of their credentials, expertise, or reputation. Their Twitter account has only 16 followers and their last tweet was on December 23, 2022. Their website is also very basic and does not list any of their clients, projects, or reports. They claim to have a token called BSAFU, but it has no trading volume, no liquidity, and no market cap.

Based on these facts, I would be very cautious about investing in or trusting BlockSafu. It seem to be either very new and inexperienced or very shady and deceptive. I would recommend doing more research and looking for more reputable and transparent projects and auditors in the crypto space. Hope this helps.

I had the same feeling because I couldn't find much details about it's teams or reputations or even a single testimonials from any good projects which brings back my attention to project coinRexx I just saw it under bounty & bounty signature campaigns as follows:

Bounty Signature Campaign- https://bitcointalksearch.org/topic/finishedsignature-campaign-rexx-coin-escrowed-2-weeks-5478452
Bounty Campaign- https://bitcointalksearch.org/topic/bounty-rexx-coin-funds-escrowed-twitter-campaign-5478057

All this started when I came across this project and there I figured out BlockSafu which looks shady. I think I should take a pause this time and try reaching out to BlockSafu team for some details in regards to them to see if they can justify their nature of business and how they operate.

kotajikikox

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Quote from: kentrolla on December 24, 2023, 06:21:52 AM

I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

If you are not comfortable to what is the project all about and what this can bring to you then just leave it mate , that is how I manage to deal with project that brings to my attention.
but it is perfect that you seek answers from forum members specially those bounty hunters that mostly dealing with questionable project such this .

john1010

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Quote from: kentrolla on December 24, 2023, 06:21:52 AM

I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

BlockSafu is supposed to be an auditing firm that verifies the security and quality of smart contracts and blockchain projects. However, I could not find any evidence of their credentials, expertise, or reputation. Their Twitter account has only 16 followers and their last tweet was on December 23, 2022. Their website is also very basic and does not list any of their clients, projects, or reports. They claim to have a token called BSAFU, but it has no trading volume, no liquidity, and no market cap.

Based on these facts, I would be very cautious about investing in or trusting BlockSafu. It seem to be either very new and inexperienced or very shady and deceptive. I would recommend doing more research and looking for more reputable and transparent projects and auditors in the crypto space. Hope this helps.

Belarge

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Quote from: batang_bitcoin on December 24, 2023, 02:42:43 PM

I've got a quick peek on their service and I think for most projects, the services they offer for an audit is too cheap. Maybe that's why this project you've mentioned managed to get into an audit through them because they are affordable so, that's not surprising that many projects are going to do such audits for them to give their investors that confidence that they're audited at least but with that company, I haven't heard them about or maybe soon who knows if they'll be one of the known names, we don't know.

There's only evidence proven by these projects, they tend to offer favorable terms and conditions for its users but most of them do later change and upgrade their sites to become more complex. We don't know how the space operates and never to become too sure of the projects that's on our radar, we just have to sit back and watch these projects grow to become either a formidable project or pure scam. Who can easily predicts scam and legits projects among these numerous projects in the market? These projects are not properly managed or check into because there's a whole lot that's happening and disturbing the whole process.

Kelward

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Quote from: Mate2237 on December 24, 2023, 11:50:48 AM

Quote from: kentrolla on December 24, 2023, 06:21:52 AM

I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

Op if you are not sure of the coin then you have to leave it because you might regret later. I also just made some research on the Blocksafu and the coin is still far from reality. The price of the coin right now is $0.00005004. Therefore if you are investing in it, put it in your mind that you are to wait for a very long period of time. Op there is nothing like coinRexx and all what I saw was Rexx Coin and coinexx which are the two projects I found out from coinmarketcap and coincarp. Or probably you did a mistake for the spelling of the project.

The research so far from members on this are all proving that the project might not be legit, therefore the trust rating is very low, so I advice OP to either ignores it or still carry out further research which I think that quite enough have been done on that. Furthermore it'll be a mistake to put his money in it at this stage because a lot of uncertainties still sorounds the genuiness of the project. It's always a big gamble when someone wants to increase their earnings by investing in new and unknown projects, the best thing is what the OP is doing now, carry out a thorough research before deciding on whether to go ahead or not.

batang_bitcoin

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I've got a quick peek on their service and I think for most projects, the services they offer for an audit is too cheap. Maybe that's why this project you've mentioned managed to get into an audit through them because they are affordable so, that's not surprising that many projects are going to do such audits for them to give their investors that confidence that they're audited at least but with that company, I haven't heard them about or maybe soon who knows if they'll be one of the known names, we don't know.

Mate2237

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Quote from: kentrolla on December 24, 2023, 06:21:52 AM

I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

Op if you are not sure of the coin then you have to leave it because you might regret later. I also just made some research on the Blocksafu and the coin is still far from reality. The price of the coin right now is $0.00005004. Therefore if you are investing in it, put it in your mind that you are to wait for a very long period of time. Op there is nothing like coinRexx and all what I saw was Rexx Coin and coinexx which are the two projects I found out from coinmarketcap and coincarp. Or probably you did a mistake for the spelling of the project.

tjtonmoy

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Everything is a scam until proven to be legit. If you are not sure about it being legit or not and there are no good ways to verify their own claim, then you should consider it to be a scam. It has to be verified by the users and not by some audit farm.
Coin rex or whatever project it is, if you don't have enough confidence to invest in it, then avoid it completely. I don't get rug pulled.
Taking risk gives you better profit but don't take risks when the price is too high to pay. There are other opportunities available out there. Try taking advantage of those opportunities and wait until this project gets verified by more people.

btc78

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Quote from: Bureau on December 24, 2023, 08:52:51 AM

You would need to be more specific here as you have not submitted the link to coinRexx and neither did you submit about BlockSafu. Why would anyone here try to search those projects on your behalf as we are not getting paid for them? Try adding the links to both of them in your OP if you want to get information about them. If you cannot then you will get an assumption based reply, unless you do it the right way you will always come up with questions to which you will never find an answer.

The users of this forum can always research on their own however when we are dealing with very specific and lesser known projects, it might be harder for us to gather information about what you are trying to make a discussion about it would be helpful if you already put the link of where you got information about this coin in your thread because i tried to research about it and I barely got any results i’m not even sure if it’s the right ones

Taskford

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Quote from: kentrolla on December 24, 2023, 06:21:52 AM

I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

I also don't know about that coin but what we can consider to do is to leave that token alone since we are not so sure regarding on their reputation since no people can vouch yet if they tested out this platforms. If we are not totally aware about what they are doing then best is to seek information that has been posted on internet for sure they can learn a lot from those guys.

Also if the concern by other people is true and they hide their identity to general public then you should start to get worried or have a doubt since this could give them a lot of money due if we are so lazy to check some important detail about them.

If we are really not familiar with BlockSafu then I guess they should settle up and find other things needed since investing scams is so totally since they coul lost a lot of money here.

Bureau

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You would need to be more specific here as you have not submitted the link to coinRexx and neither did you submit about BlockSafu. Why would anyone here try to search those projects on your behalf as we are not getting paid for them? Try adding the links to both of them in your OP if you want to get information about them. If you cannot then you will get an assumption based reply, unless you do it the right way you will always come up with questions to which you will never find an answer.

o48o

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Quote from: kentrolla on December 24, 2023, 06:21:52 AM

I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

Quick look, and it might not be a scam, but it's shady in many ways. And i wouldn't take their automated audit as an any kind of confirmation of legitimacy. It's more of a tool, i am guessing it's part of services for justifying their own token.

None of their own team want to reveal themselves. Yet they are they are performing kyc services. And their "whitepaper" leaves out a lot. For example it doesn't even mention any ToS or gpdr measures about the kyc, so am certain they don't wouldn't how kyc procedure goes from the side of financial services.

Web page has only disclaimer, which if they think is enough, makes me think that they don't know what they are doing. I am wondering if this is a side operation of pink sheet as they are partnered with it. As any sensible company would stay away from something as ambiguous like this.

kentrolla

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I have seen some bonus and offers for pre sales of a project named coinRexx and i did some research and couldn't find anything unique about this project but it was marketed as audited by BlockSafu which made me but suspicious as I haven't heard much about BlockSafu and then when I researched about BlockSafu I didn't get satisfactory outcome hence just wanted to check if you have any idea about BlockSafu because it looks like a shady auditing firm to me, I may be wrong hence checking with you all.

Topic: BlockSafu - legit or scam? (Read 131 times)