Well, I was curious (or dumb) enough to try this protocol and I have successfully managed to withdraw my tokens (staked funds have 10d cooldown). However, it still seems that the project is fraudulent and they are trying to get some fat before the exit scam.
The APY is simply unsustainable, and if it is not an HYIP, this is just another platform that sells empty promises due to how the inherent mechanism works, and rather just deceives people who do not know any better.
I have decided to make a small research on this direction and asked the audit firms for confirmation. The only reply came from Peckshield briefly saying "The claim is false and we have not audited the so-called protocol yet.".
Obviously, the upcoming scam is the only reason to deliberately lie about the audit. I hope someone googles the project and finds this thread before investing in it.
Obviously, the upcoming scam is the only reason to deliberately lie about the audit. I hope someone googles the project and finds this thread before investing in it.
This is important and turns out it seems Peckshield might take this case seriously.
An outright lie by the platform should be the first thing that people need to know. First of all, an audit does not guarantee the security and legitimacy of a project/platform. With that in mind, noting they even lying about it should certainly conclude this project is very likely made to scam/deceive people.
