Is PolygonMatid Project a Scam?

Key Takeaways:

  • PeckShield Team has detected that PolygonMatid Project is a scam, and this protocol has drained around 46,536.6 $MATIC, i.e., around ~$70k.
Is Polygonmatid Project A Scam?

According to this project’s Twitter Description, It is a deep derivative platform made on Polygon, which can realize convenient and more secure proof of interest mechanism. Also, It has a total supply of around 100,000,000 MATID tokens. Here is the link of its address.

Also, its Twitter account was created in February 2022, so it is relatively new, this account only has seven followers. Even my followers are greater than that. This account belongs North-East Region, Singapore. There is no official website, Telegram group, and Discord group. There is no official email id to contact the support team. Their last tweet was on April 6th, 2022.

Crypto Scams are increasing faster as many countries are showing crypto adoption. We will advise our readers to stay alert and aware before investing in new projects. Also, its name sounds like Polygon MATIC, so maybe it’s to confuse normal users.

Here are some other 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?
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Yash Kamal Chaturvedi

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