Did you know that MetaUFO is an evolution of the MetaKings, which is also an evolution of MetaWars? Cryptocurrency scams are evolving, but the strategy remains the same. Some change the website colors and names and move to a different domain name. After all, there are multiple free domain providers. One such cryptocurrency scam is the MetaUFO.
When you go to all the three sites and observe keenly, you will notice that the sites are similar. MetaKings is a site created exactly like MetaUFO. The same is true for MetaWars. If you observe the three sites, you will notice a few differences. MetaKings and MetaUFO, for example, have the same graphics and token airdrop methods. The only difference is the color and name of the token.
Notice the sites use no official domains. They use the free discardable domains, .gg, .io and .ai. If you go online and search in popular domain sites like GoDaddy or Namespace, you'll notice they give out certain domain names for free. So the scammers incur no cost at all.
What's worse is that the tokens are even listed on major cryptocurrency coin platforms. They have a large following on crypto social media platforms like Twitter, Telegram, and Discord. The sites look legitimate, and it is almost difficult to single them out as scams. Scammers craft their skills and even have a large following.
I fail to understand that there are YouTube influencers who direct viewers on how to withdraw MetaUFO coins. It is shocking because many do not even complete the tutorials, and even if you direct message (dm) them on Telegram, they either fail to reply or block you. So I do not understand these influencers—anything for likes, I suppose.
Detecting Crypto Scams
As a beginner in cryptocurrency or airdrop hunting, it is difficult to determine legitimate projects because some are on popular Cryptocurrency platforms. Here are a few tips on how to:
1. No end date.
2. No limit to the number of airdropped participants.
3. Holder statistics. One Wallet address holds the largest number of coins, like MetaKings.
4. No actual use case.
5. Asks for you to send them your airdrop coins for another airdrop.
Some scams are legitimate and even clone the Binance Official site and add an extra page showing their tokens. It's easy for a web developer to show you this process. It is how hackers create phishing sites.
One such site is the Binance Earn Token. The coin is not listed anywhere by Binance and has no official announcement. After completing the steps, then you realize it was a rug pull. Worse is that you get to swap tokens. You are lucky if you use a new wallet.
Caution with Airdrops
Go through the coin Tokenomics well.
Examine if one large account holds most tokens. The account might pump and dump like MetaKings leaving you with useless tokens.
Check official announcements of top sites like Binance.
Use legitimate airdrop checkers like @Laser_Desk
Use a different wallet. I have seen friends lose up to $50,000 US Dollars in phishing scams. Always use a different wallet when phishing for airdrops.
Follow Airdrops Official and Coinmarket cap for legitimate airdrops. Airdrop official gives legitimate information on the Twitter pages of the sites that will carry out airdrops. Another influencer is Chico Crypto. Otherwise, do not FOMO. Be patient, and the crypto markets are a cycle. You will get your profits.
A large following does not mean the project is valid.
Legitimate Airdrop Sites
It is good to research more before getting into airdrops. Here are some legitimate sites. I have lost cash because of FOMO and missed out on massive pumps because of misleading information. Follow your investment strategy. That is how you will always win in cryptocurrency; it is the only way. Research and understand what you are getting into. Nothing comes easy, even in cryptocurrency. Everything requires work.
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