Is MetaSwap a Scam Project?

Key Takeaways:

  • MetaSwap has seen a sharp price drop of more than 78% on May 3rd,2022.
Is Metaswap A Scam Project?
Metaswap Token Crash

Below is a quick overview of this project.

MetaSwap has described itself as a Distributed Autonomous Organization Security Token Exchange. It is an STO platform fully deployed on the BSC chain..

Decentralized smart agreement and DAO governance eliminate centralized supervision restrictions, greatly reduce issuance costs, and leave it to token holders for democratic decision-making. The project’s token Meta is a securitized equity asset-based encrypted token whose issuance is decentralized and unbiased.

The transaction fee is 0.3%, of which 0.21% is allocated to the liquidity LP token holders. The top ten trading pairs in the fund pool will get 0.06% of their transaction fees to repurchase their tokens and destroy them.

Here is the contract address: https://bscscan.com/address/0x379f29911956052899e09233a3914f4e1eca075c

It has a total supply of 9,974,766.778703 tokens, and currently, 38,902 addresses are holding it. MetaSwap has shown that Certik Team audits it, but Certik has denied it on their Official Twitter account.

Is Metaswap A Scam Project?
Fake Audit Report

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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  3. Is Harry Potter Token a Scam Project?
  4. Is ZTZ DAO a Scam Project?
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Yash Kamal Chaturvedi

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

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