MUSHE (XMU) Scam: A huge red alert for investors!

MUSHE (XMU) scam is another cryptocurrency scam that TheCoinRise came across. There is a pattern that we have witnessed in such crypto projects that are promoted solely via marketing. While we don’t know who’s the person launching these scam projects, we definitely can and will point out the factors which led us to believe that these crypto tokens are scams.

Interestingly, TheCoinRise has been on a hunting streak for such scams recently. This includes the ParodyCoin (PARO) scam, the Gnox (GNOX) scam, and many more. In this article, we will try to uncover the MUSHE (XMU) scam and how the creators of the project are orchestrating this pump and dump coin.

MUSHE is a scam that describes itself as:

“XMU is a decentralized token that facilitates peer to peer interaction, rewards, and governance. This plays a major role within our ecosystem, providing liquidity to our exchange and a harmonious user experience. Our mission is to propel blockchain adoption by increasing the accessibility of digital assets for the everyday person. Motivated to create a social impact by educating the masses on digital currencies and financial management.”

As per the website, the MUSHE (XMU) scam is built on the Ethereum blockchain with the intention to migrate over to the Stellar open network. The launch date for the project has been mentioned as July 4.

YouTubers have also pointed out that Mushe (XMU) is a scam:

MUSHE (XMU) scam: Key points to note

MUSHE (XMU) scam has many points that confirm TheCoinRise’s suspicion:

Founder and development team

There is no founder and development team. In order to create a successful blockchain project in today’s world like Solana, billions of dollars are needed along with expert developers around the globe. In most cases, you can reach out to the founders or developers to ask them if you have questions. MUSHE (XMU) scam doesn’t seem to have any such team, another reason why it’s a pump and dump scheme.

12% supply for founders

As per the website, 12% supply is reserved for founders and this is a very big amount if the prices of the token reach very high at the time of launch. It won’t take much for the founders to dump the project when the time comes.

No solid product until now

There are premises of Partnership with Fintech banking App, the launch of DEX, and other things as well. But these promises will have to wait as per the website. However, there is not a single working prototype that the platform has presented us with. MUSHE (XMU) scam has no such utility that we can confirm it is a sound investment.

Silent social media

Twitter is silent. There are no comments, no community engagement and if such a project expects to make it big, this is not the way to do it. With little to no engagement, we can confirm that MUSHE (XMU) scam is definitely not a good investment.

Users expressed dissatisfaction over not receiving their XMU tokens despite paying the price for them.

Anyone else place an order and not seeing their dashboard update showing their XMU? It’s been over 2 hours now
byu/No-Scarcity1844 inMUSHE

Conclusion

According to TheCoinRise, MUSHE (XMU) scam is another pump and dump scheme that investors are advised to stay away from.