Is Harry Potter Token a Scam Project?

Key Takeaways:

  • Harry Potter Token has seen a sudden price drop of more than 96% on April 19, 2022.
Price Drop of 96%

Below is a quick overview of this project.

Harry Potter Token has described itself as A COMMUNITY CONTROLLED DEFLATIONARY TOKEN, BASED ON THE SPIRIT OF DUMBLEDORE AND LEGENDARY NOVEL BY J. K. ROWLING.

Harry Potter token (HPI)’s holders will automatically receive a 5% fee from every on-chain transaction on the Harry ecosystem. This system is designed to reward the $HARRY community for every trade.

A 5% fee is applied for every $HPI transaction, and this fee will go towards charities that support people in countries at war and help with the future growth of $HPI. The remaining 2% will be burned by sending it to a dead wallet that no one can access, and this feature will ensure that $HPI remains deflationary and becomes more scarce over time.

Now, we will discuss why this project can be considered a scam.

Firstly, after the sudden price drop, there has been no tweet regarding this project from their official Twitter Profile. This is the same with their Telegram group.

Secondly, they have claimed in their tweet that, CoinmarketCap and CoinGecko have officially announced that Harry Potter will be conducted on the listing in the next 12hours. Due to the weekend, it takes more time than usual. We appreciate your time, and Thank you for your waiting. But this is not true. This project is only listed on Pancakeswap.

Thirdly, they have listed their official Team as DUMBLEDORE is CEO, HARRY POTTER is CMO, and SNAPE is COO.

Lastly, they have shown Github, Medium, Coinbase, etc., and much more icons on their website, but they are not working.

Claims Of The Harry Potter Token
Claims of the Harry Potter Token

As crypto scams are increasing nowadays, our readers should stay alert.

Here are some latest Scam Projects our readers should know about;
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  2. Is Meta Cyber a Scam Project?
  3. Is Women Unite NFT a Scam Project?
  4. Is Undead Pastel Club NFT a Scam Project?
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Yash Kamal Chaturvedi

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

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