Crypto market is full of opportunities but still you should be aware of the scams that live in between these opportunities. Today i will share a project that might result out to be a scam in future and to prove that i will share some points related to that project.
The name of the coin is TLC Trillioner coin that is currently trading at $22.54 and it's total supply is 1000000000 but about the circulation supply there is simply no information as you can see in the chart shared below.
Now just multiply 22.54 dollars with 1000000000 and see what will be the market cap for this coin if we consider this price with 100% circulation supply. Boom that will be 22+ billion dollars right and for those who do not know it let me tell it to you that reaching that market cap that too in bear run is no joke.
But let us assume that the coin will perform extraordinarily and this becomes true. Let us look at it's chart for ls 30 days.
People will simply think that the all time low is around 14 dollars but the truth is that there was a private sale that offered this coin for as low as $1 to it's early adopters. SO that means they are already in 22X profit and that is really nice right ?
Let me share what the founder of this coin preach and proclaim to achieve by 2030. Are you ready for the shocker ? He says that this coin will leave bitcoin behind itself by the end of 2030 and please that is a big joke to me.
Let us look at the data for bitcoin below :
See the market cap, total supply, max supply, and, circulation supply and then decide for yourself that if there statement is even logical or not.
They are not talking about leaving market cap of BTC behind, they are talking about leaving behind the price of btc so that means they mean to say that 1 tlc will be worth 1+ btc and that is why it is nothing but a joke.
Also if anyone has enough time to go and see their tokenomics they will realise why this project is nothing but a scam. They are running a multi level marketing in the name of blockchain technology and they have shared about collaborating with big awards that are held in Dubai.
Anyways, the coin is traded on Mexc global but the team of this coin don't want you to buy it from MEXC but rather from a local wallet being created by them where you will have to lock your coins for 6-120 months in order to earn extra coins.
Keep yourself safe from these types of project. I am sad that there are people who are already trapped in it and they have dreamed of earning lakhs and crores from it. Do i still have to keep more points against this coin ? i think No.
They should come out of this dilemma and understand what reality really is, What do you think about this coin ? Share your opinion in the comments below.
In the end i will say that i am no one to ask people to buy or not buy something, I have just shared my opinion based on my small research. Do your own research and then go ahead and do whatever you want to do with this coin.
Thank You and happy trading everyone.