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Tiktoker creates a scam cryptocurrency as a joke and now its market cap is $2 miliion

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Shivangi Mujumdar Follow

INDIA

May, 06 2021

May, 06 2021

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According to the scamily.io, the report specified on 4th May’21 that a TikToker who made his private crypto token as a joke has been amazed to find that his coin has become an overnight victory.

 

Andre Lewis aka Dre, who drives by the TikiTok grip of Dresuschrist, told vice’s Motherboard that he had shaped the Simple Cool Automatic Money token (SCAM) to “poke fun” at the fast-growing world of shitcoins.

 

Know-how about the SCAM-

 

Even though in multiple videos, Dre has recurrent the detail that he made the token “as a joke,” he specified that “people I don’t know have put solid cheese” into the token.

 

This has spawned a Discord channel with over 900 members and a website, complete with community-made video tutorials about how to study the scam token.

 

Dre has over 7,800 TikTok groups, and the scam token has developed his new favourite subject, though he seems to have originally posted mostly about gaming.

 

The scam token’s source story has several threads running to complete it. What was a personal learning experiment almost promptly was terrified into the public arena?

 

Additional Information:

 

Certainly, critics are keen on the ecological footprint of cryptocurrencies like Bitcoin that use proof-of-work mining, which consumes a ton of power. It also flues profit into fossil fuel companies that have combined Bitcoin mining services as a method. It is to make waste gas useful rather than burn it off. Ethereum, the blockchain that masses most NFTs, has the same trick.

 

Conclusion:

 

In the end, the SCAM will type some more people some more currency as part of the general abstract bubble. Perhaps it will deliver some informative tools or reviewing tools to deliver usefulness within the crypto world.


Yet, this is all taking place in a bubble that is roasting the entire world stuck inside?except the bubble bursts first. And, in this situation, perhaps SCAM is the advantage we deserve.


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Shivangi Mujumdar

CBW - External Analyst

INDIA

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