Beware of the BitGrin scam for this reason!
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Beware of the BitGrin scam for this reason!
Among the goals Arab bitcoin site Warning against fraudulent projects and defaming their ways of working so that no investor will fall victim to them, especially since the cryptocurrency market is full of fraudulent projects that at first glance seem similar to ordinary projects.
According to a recent report published recently about the BitGrin project, which states that the project will pump 5 billion tokens instead of the 21 million tokens announced earlier.
BitGrin founder deceives investors:
The Bitgrin project was launched as a fork of Grin and the project was announced as a “private and magical cryptocurrency.”
Interestingly, the new project is set up to look like Bitcoin, as the XBG coin managed by the project is capped at 21 million XBG.
Read:Study: 50% of Latin American consumers have experience dealing with cryptocurrencies
But according to an article published on Average There is manipulation by the founder and that the maximum currency limit is not set at 21 million XBG, but exceeds that and reaches up to 5 billion XBG.
In the post, the screenshot above shows that the block reward “adjusted” for block height 524,160 (YEAR_HEIGHT) is actually 5 billion Bitgrin.
And even though block 524,160 appears as unspent at first glance, the article author says that any device running a full node with the API enabled will display the block as missing, meaning it’s “already spent”.
Hence, he concludes that Bitgrin is a scam project, and the person behind it is slowly selling cryptocurrency to victims who believe there are only 21 million tokens of this coin.
For your information, this coin XBG is listed for trading on submerged platforms such as CITEX and ViteX and is currently trading at $0.005, and it is still on the Queen Market Cap Listed as having a maximum of 21 million units.
Read:Is the SEC trying to escape the regulation of the crypto market?
In conclusion, it is better to be careful and stay away from it and go to trusted digital currencies.
Read also:
A new scam targeting XRP investors…details here
A new scam managed to steal a billion dollars in Bitcoin and cryptocurrencies
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time