Is Burgers Network a Scam Project?

Burger Network Token
Token Price Crashes

Here is the contract address: https://bscscan.com/address/0x10de4a650cf4eaf8cbd616508e1fa9774da9b4e6

Below is a quick overview of this project.

Burgers Network has described itself as a definite hub to start a decentralized cryptocurrency journey. A one-stop shop with all tools that users will ever need to trade.

According to the information provided by the CertiK Team, a rug pull has occurred on this project, where approximately $167K, i.e., around 530 BNB and 7K BSC-USD, were removed during a transaction.

Firstly, 999,999,999,999 Burgers Network tokens were sent to address, i.e., 0xcc9fa8be36f383953522d62682170b812300d7f5. Secondly, 300,000,000,000 Burgers Network tokens were then transferred to the rugpuller’s address, i.e, 0x9077e5362c44532a3e338ad2b36620fffdc05fed. The address accumulated approximately $167K by selling the 300,000,000,000 BURGER tokens before selling them through Pancake Swap.

If we talk about the present situation, around 445,640,433,598.117910478439645882 tokens, i.e., 44.5640% of the total Burger Network Tokens supply is with the same address, i.e.,0xcc9fa8be36f383953522d62682170b812300d7f5. Also, its official website (Burgers.Network ) is active, and its official Twitter account is also available, but it is inactive.

Here is the token address: https://bscscan.com/token/0x10de4a650cf4eaf8cbd616508e1fa9774da9b4e6. It has a supply of 999,999,999,999 tokens. Currently, 4,004 addresses are holding it.

We will recommend our readers to be careful and perform their own research before investing in it. As crypto scams are increasing nowadays, our readers should stay alert.

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Yash Kamal Chaturvedi

Btech Computer Science, Maharshi Dayanand University, Rohtak (2023)

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