Crypto Wallet MetaMask Bans Ethereum's Most Active dApp 333ETH

Crypto Wallet MetaMask Blacklists dApp 333ETH

On September 17th, BitcoinExchangeGuide had reported that State Of The DApps had accused 333ETH of being a crypto fraud. Well, it seems like they were not the only ones who think so. Today, popular cryptocurrency wallet MetaMask labeled it as an active scam and blacklisted it.

333 ATH is a decentralized application, or DApp, being developed on the growing Ethereum blockchain. The ICO has already been out for quite some time and has won the support of thousands of interested investors all around the world. The project is deemed as an “Ethereum distribution project,” and it claims to be able to offer its investors a rate-of-investment (ROI) of around 3.33% per day.

The decentralized application also checks another major box on the Ponzi scheme checklist. It offers its users life-long payments and profits as a result of their participation in the chain. This is, of course, impossible. Even if the organization lives for many years, it is not likely that it will continue to gain followers and investors indefinitely. As a result, it is not possible for 333 ETH to continue to provide profits to investors for the rest of their lives. Additional red flags include that the process of payment is being executed autonomously, without the participation of any third party.

Despite these obvious red flags, 333ETH is currently the number one Ethereum dApp in terms of user activity. It currently boasts over 1,700 active contributors, and over the past 30 days over $3 million in Ethereum has been distributed via its smart contract.

However, MetaMask begs to differ about the dApp’s number one stature.

Apart from 333ETH, some of the most used Ethereum DApps this year have been products including Fomo3D and PoWH 3D, both of which openly admitted they were not financially sound investment opportunities. Fomo3D, for example, describes itself as an “ironic jab at the cryptocurrency ICO space, putting every player in the terrifying and tempting position to Exit Scam everything and run away with massive life-changing amounts of real Ethereum.”

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today