Is Church DAO a Scam Project?

Key Takeaways:

  • Church DAO Project has seen a sudden price of more than 74% of its native token, i.e., CHURCH.
Is Church Dao A Scam Project?

Church DAOs have described themselves as a decentralized experiment in group conscious and buying. A way to see if we put our heads and votes together so that we can change the world. Meanwhile, its native token, i.e., CHURCH, is an ERC20 token available on Ethereum. Liquidity is deployed for CHURCH. Tax Wallet is set to be sustainable at 0.777%.

Top 77 Wallets will vote on which MEME coin to buy with the Tax wallet. After the vote, the admin buys the token and airdrops proportionally to the 77 wallets from the snapshot. This process will be admin-controlled at the beginning while contracts are being worked on to automate the process. Here is the link of the transaction of locked liquidity. Its 51% Supply is burned to a Null Address. Here is the link of that transaction. Its contract address is 0x71018cc3D0CCdc7E10C48550554cE4D4E3afd9C1.

After our investigation, we have found that its Discord Group link is expired. The last post on Twitter was on April 6th, 2022. In their Telegram group, we have found a pinned message that Guys, this group is Inactive. Please join the new group for the latest updates on Church. We have also found a new Discord Group Link in the new group. We are not sure if this is real as it is not listed on their official website.

If we talk about the present situation, its native token, i.e., CHURCH, has seen a sudden price surge of more than 200%.

Is Church Dao A Scam Project?

As crypto scams are increasing nowadays, our readers should stay alert. If we talk about this project, it is relatively new, so calling it a scam may be too early now.

Here are some latest Scam Projects our readers should know about:
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  4. Is PolygonMatid Project a Scam?
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Yash Kamal Chaturvedi

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