TheCoinRise has found a number of projects which seem to be tied in some way or another. YouTuber creators and Reddit users have been talking about these projects, and the newest one to join our list is the Firepin (FRPN) scam. In this article, we will discuss this scam project in great depth and also reveal why we consider this is another major scam being implemented by a group of creators.
As per the official website of the project, “Firepin is a decentralized protocol based on the $FRPN token – collateralized and backed by the METAVERSE DAO.” The long-term goal of the project has been described as using the “treasury funds allocated from users towards NFT Game development, 3D & METAVERSE VR Games, along with investing directly into teams and corporations that have a long-term vision on METAVERSE games and P2E!”
In this article, we will discuss in detail if these promises are worth believing.
As pointed out by YouTubers, this is a scam:
Just like Firepin (FRPN) scam, we have found a number of other scams recently. These include MUSHE (XMU) Scam, ParodyCoin (PARO) Scam, Explora Chain scam, Gnox (GNOX) scam, Securipop scam, and many others.
Firepin (FRPN) Scam Highlights
There are plenty of articles present on the internet highlighting Firepin (FRPN) as the next Ethereum (ETH) or Solana (SOL). But rest assured, these are just paid marketing strategies.
Reddit users point out their mistake
A number of Reddit users have pointed out that Firepin (FRPN) is a scam and they are going to sell it as soon as the launch happens. It is important to note that many users also saw a number of red flags in the Firepin (FRPN) scam project and when they questioned the admins of the Telegram group, they were banned.
You can see a number of negative comments below:
Comment
byu/dman1314 from discussion
inFIREPINOFFICIAL
The Reddit users have pointed out several paid articles and the absence of a single organic article or unpaid review. It seems that the creators of the Firepin (FRPN) scam aim to bankrupt investors.
Whitepaper
The whitepaper of the project describes a number of Dapps to be rolled out. However, there is not a single prototype or working Dapp that we have come across. This is another red flag, according to TheCoinRise.
If they haven’t started working on these applications right now, what is the guarantee that they will start working on them after the launch?
Social media
Twitter users have commented on several posts of the Firepin (FRPN) scam that they have used false advertisements and photoshopped images to trap users.
Photoshopped!! pic.twitter.com/C6Cyo7hWlY
— Elotromon (Vaping refillables,fuck Mark Butler 🖕) (@elotromon1) June 21, 2022
Several users have expressed their anger toward the creators of the project and are spreading the word about the scam.
— Elotromon (Vaping refillables,fuck Mark Butler 🖕) (@elotromon1) June 21, 2022
Conclusion
It can be concluded that Firepin (FRPN) scam is not a good investment, and investors are advised to never invest in such scams. The creators of this project continue to trap investors.
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