Is MetalSwap a Scam Project?

Key Takeaways:

  • PeckShield Team has received intel from croxswap and has confirmed that MetalSwap is a Scam Project.

MetalSwap has described itself as a decentralized exchange powered by smart contracts on the BNB smart chain where cryptometals can be created and traded.

Cryptometals are a group of blockchain-based metals that mimic the price behavior of real-world metals and provide the possibility of transacting anywhere and anytime for traders without the burdens of actually owning metals.

The MetalSwap project team mints the Metal Token(Metal) as the governance token for the MetalSwap community. Here is the link of the address of this token. It has a supply of 100,000,000,000 tokens. Currently, 5,553 addresses are holding it.

As of now, this Project has not deleted its social media accounts. But the fun part is they have disabled the comments in their official Twitter Account. The same is valid with its official Telegram Account, which they are only using for notifications.

Meanwhile Peckshield Team with their PeckShieldAlert Chrome Extension, which acts as a Scam Token Checker has detected that its native token, i.e., Metal is UNSELLABLE. Below is the screenshot from the same tool.

Is Metalswap A Scam Project?

As crypto scam projects are increasing nowadays so our readers should stay alert.

Here are some latest Scam Projects our readers should know about:
  1. Is MetaUFO a Scam Project?
  2. Is AwakenHero a Scam Project?
  3. Is HydraMeta Token a Scam?
  4. Is MoonPro Token a Scam?
  5. Is CryptoKingERC20 Project a Scam?
  6. Is PolygonMatid Project a Scam?
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Yash Kamal Chaturvedi

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