⚠️Reason for failure: The project fell victim to Telegram Listing Scam
📖 Complete Story
Hello everyone, I am V. Founder of Stithulf ERC/ $SULFERC ⓢ
The project had aim to provide efficient loan services for businesses as well as individuals using an equity system of $SULFERC tokens 🏦
2 May ‘23: We launched our Crypto Project by adding the tokens (SULFERC-WBNB Pair) to the liquidity pool on PancakeSwap.
📝 After launch, I submitted the project on various listings. Such as submission for Coin Voting websites, DEX, and CEXs, etc.
One of them was a Kucoin Exchange. Shortly after filling out the form, I got a Telegram message from Chester Han. If I am interested in listing the token on Kucoin Exchange. He offered a Free Listing on Kucoin.
I verified the group by Anti Phishing Code I sent while submitting on Original listing form. and, It was the same 🔍
The individual ‘Chester Han’ sent the exact anti-phishing code, I sent on the official Kucoin Listing form
This made me trust the group and move along with the Listing Procedure.
They later also, sent me a document to fill out.
I read it and didn’t find anything suspicious in the document. I sent them the documents and, with the documents I made a transaction of 50 million $SULFERC tokens.
After the Transaction was completed, Everyone on this (scam group) Kucoin Telegram Group suggested that I should pay them $5000 in order to get the project listed as an IEO.
I told them, I don’t have enough funds. Their rejection for me asking for my $SULFERC tokens back was the time, I realized that I got scammed 😔
On 8th May, I saw this on my Bsc Scan Holders and got convinced that their scam can wipe out the entire market cap of the Stithulf ERC project.
Even if I add all of my tokens (50 million $SULFERC) to the Circulating supply. The scammer’s wallet alone can sell all 50 million tokens.
Oversighting the control of this scammer on the project, I decided to abandon the project and move out. But When I saw 34 Holders and $81 in the liquidity pool, I decided to fight for them ✊
As this is all happening because of my decision to trust a scammer, My investors trusted me with everything they can. I feel this responsibility and, I will try my best to save there $81.
(It wasn’t financial advice but,) I have told all of the investors through Telegram and Twitter to not invest in our project until we get our equity fixed.
👍 I will update everyone daily on what we are going to do in the upcoming days to save our project.
Hope you have a wonderful day,
V