Shanzhai Coin Scams: Identification Features of Pixiu Coin and Fund Platforms
◦ Beware of Shanzhai coins with "hundred times coins" and "celebrity endorsements"; contracts may hide traps like "high transaction fees" and "unable to sell"
◦ Characteristics of fund platforms: promises of annualized returns of dozens of % or even hundreds of %, recruiting people for commissions, and increasingly difficult withdrawals◦ A Shanzhai coin can be launched in 10 minutes; I absolutely avoid unknown small coins
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