ScamToken – Fake Initial Coin Offering On The Ethereum Blockchain?
ScamToken describes itself as “the world’s first 100% pure bullsh*t ICO”. Find out how this unique token works today in our review.
What Is ScamToken?
ScamToken, found online at ScamToken.com, is a website highlighting the ridiculousness of today’s ICO industry. The website is filled with all the classic hallmarks of a scam – including Nigerian princes – and requests you send money to an Ethereum address.
It’s not a real ICO: it’s a tongue-in-cheek criticism of the cryptocurrency industry.
The website introduces itself by stating that, “My Name is Prince Abwei Dgwbwngdo and I need your help.”
Specifically, Prince Abwei needs your help bringing his friend home from the moon, where he’s been living for 40+ years after the Soviets abandoned him and left him at their secret moon base.
Once you actually make your way through the site’s numerous fake stories and fake testimonials, you’ll find a real Ethereum address. That Ethereum address genuinely exists, and you can send money to the address if you want your money to disappear.
According to EtherScan, the address has a balance of 0 ETH. However, over the past week, the wallet has received incoming transactions of Ethereum in various amounts. All transactions were less than 1 ETH, with the exception of 1 transaction which sent the wallet 10.62 ETH.
How Does ScamToken Work?
The premise of Scam Token is that in 1979, a Nigerian astronaut named Air Force Major Abache Tunde made a secret flight to the moon, becoming the first African in space.
When the Soviet Union dissolved in 1990, Tunde fell between the cracks, and the shuttle to return home left without him. He’s been stuck on the moon ever since, staying at a secret Soviet moon base called Salyut 8T.
With the help of ScamToken, we can bring Tunde home.
If you’re skeptical about ScamToken, please note that the website claims to be “110% secure”.
The ScamToken Whitepaper
Once you scroll past the Nigerian princes, Nigerian astronauts, and testimonials from “my girlfriend”, you can read the hilarious Scam Token whitepaper.
The whitepaper is a collection of everything we hate about the ICO industry. It features pointless use of jargon, ridiculous graphs, and a timeline that makes no attempt to be accurate.
The best part about the whitepaper is that it appears legit if you just scroll through it – the whitepaper even has 26 references at the bottom!
The whitepaper features lines like this under the “hardware and software configuration” category:
“We ran our system on commodity operating systems, such as L4 Version 3.3.7, Service Pack 3 and TinyOS Version 3d, Service Pack 4. we implemented our RAID server in JITcompiled Python, augmented with collectively lazily noisy extensions. This might seem perverse but is buffetted by existing work in the field. Our experiments soon proved that distributing our Atari 2600s was more effective than extreme programming them, as previous work suggested.”
You can read the 4 page Scam Token whitepaper on their website.
Is Any Part Of ScamToken Legitimate?
The ScamToken Ether wallet genuinely exists. That wallet appears to have collected a total of 11.874 Ether in contributions to its “SCAM Fund”, or “enough to bribe at least 46 government officials” to go to the moon, explains the official website.
The company claims to have distributed over 1200 ScamTokens.
Why would someone donate Ether to Scam Token’s wallet? Well, the official ScamToken.com website features a statement saying that one lucky winner will be selected at the end of the ICO. That winner will receive one ETH. Of course, this could all be part of the scam – but hey, you never know.
Other people might just want to jump on the once-in-a-lifetime opportunity to own ScamTokens.
ScamToken, found online at ScamToken.com is a tongue-in-cheek criticism of the current ICO industry.
The website features Nigerian princes, secret Soviet moon bases, a genuine Ethereum address, and one of the funniest whitepapers you’ll ever read.