Is GOAT a Scam Project?

Key Takeaway

  • GOAT project has seen a sharp price drop of more than 78% on May 9th,2022.
Goat Token Price Crash
Token Price Crash

Below is a quick overview of this project.

GOAT has described itself as a New Standard In CryptoCurrency. It is an ERC20 token launched to bring education to new & veteran investors. Also, to identify problem areas in the business/private Sectors & develop a utility that offers real-world application with a solution.

Here is the contract address: https://etherscan.io/address/0x74edaf28fc4b9e6a1618d613839daaf6a9d075db

According to the information released by one of the GOAT team members, a developer has rugged this project. But the project will still move forward. According to the Twitter user The Ponzi Slayer, this project is a scam.

The Team has implemented a New Tax Structure Through Community Input after this price drop on May 10th, 2022. Tax is now at a 30% tax, including 22% liquidity and 6% marketing. Liquidity is locked now til Dec 10th. It’s now at 99.7%. All this information was released on their Official Telegram channel.

Here is the token address: https://etherscan.io/token/0x74edaf28fc4b9e6a1618d613839daaf6a9d075db. It has a supply of 100,000,000,000,000,000 tokens. Currently, 966 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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