There is 100,000,000 DOGECASH up for Airdrops | Is DOGECASH a Scam?

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Key Takeaways:

  • PeckShield has detected that $DOGECASH is a scam.
  • According to PeckShield it sneakily transfers a small amount of BNB when people claim their Airdrops.
  • DOGECASH scam involve sending small amounts of BNB to unsuspecting recipients.
  • This type of scam is known as a dusting scam.
Is Dogecash A Scam?
Is DOGECASH a Scam?

Today morning PeckShield has detected that $DOGECASH is a scam. According to PeckShield, it sneakily transfers a small amount of BNB when people claim their Airdrops. The scammer pays a portion of BNB to the promoter,  spread on Twitter and YouTube. PeckShield has warned people to be careful when they claim their Airdrops.

An airdrop is a marketing ploy that involves sending coins or tokens to wallet addresses in order to raise awareness of a new virtual currency. Small amounts of the new virtual currency are sent to active members of the blockchain community’s wallets for free or in exchange for a small service, such as retweeting a post sent by the company issuing the currency.

The airdrop is a promotional activity typically carried out by blockchain-based startups to aid in the development of a virtual currency project. Its goal is to raise awareness about the cryptocurrency project and get more people trading in it when it lists on an exchange as an initial coin offering (ICO).

The DOGECASH scam involves sending small amounts of BNB to unsuspecting recipients. This type of scam is known as a dusting scam. A dusting scam is one in which a trace amount of cryptocurrency, known as dust, is sent to thousands of wallet addresses. A genuine crypto airdrop will never solicit capital investment in the currency. Its sole purpose is promotional. Users should always be vigilant about unsolicited deposits into their crypto wallets.

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Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.