The crypto market is known for its shady projects as much as its promising ones. Among the people who do not know much about these blockchain-based tokens, there is a possibility that some consider cryptocurrencies as a bubble due to the sheer amount of scams that are present in this industry. Recently, TheCoinRise came across another scam project called the Pacman Frog (PAC) scam that seems legit at first, but the usage of a fancy website and fancy terms doesn’t make it a genuine project.
However, recently, TheCoinRise has been picking up a lot of scammy projects, including CashFi (CFI) Scam, ParodyCoin (PARO) scam, Gnox (GNOX) scam, Firepin (FRPN) scam, Mushe (XMU) scam, Explora Chain scam, Securipop scam., and Sanzooz Finance (SZFT) scam.
The website of the Pacman Frog (PAC) scam is neat and tidy, with fancy dress-up all around. They have invested a huge chunk of money in marketing, and if you search for the project, you will have nothing but nice things written on them via paid media. Interestingly, the project describes itself as one that “helps gаming startups rаiѕе fundѕ but аlѕо аѕѕiѕtѕ them аlоng thе wау in thе dеvеlopmеnt mаrkеting, раrtnеrѕhiрѕ, аnd рubliс lаunсh.”
The project aims to “bе bоld and embrace thе forefront оf blосkсhаin tесhnоlоgу and innovation.”
Pacman Frog (PAC) Scam: Key Highlights
YouTubers have been talking about the Pacman Frog (PAC) Scam, and one of the users pointed out that the Pacman Frog (PAC) Scam has been backed by the same project called BoostX Finance that has supported many other scam projects.
“As someone who has been in their telegram group, I can 100% confirm this is a scam. I’m making it a goal to have them shut down and investigated by the FBI,” commented a user on the above YouTube video.
Two users even commented that they had lost $100 and $150 from this project. This clearly indicates how the scammers want to steal investors’ funds by attracting them with their shiny website.
The founders of the project are anonymous, i.e., they don’t have a development team or anyone taking charge of the decisions taken by the team. Interestingly, even a meme project like Shiba Inu has people like Shytoshi Kusama backing it. TheCoinRise would advise you to never invest your money in anonymous projects, and if you do, do not expect that you will get it back.
Where’s the community?
Pacman Frog (PAC) Scam website claims that they are 100% community-backed, but if we look at the Twitter account, there are just a few hundred people with no interactions with the posts, which clearly indicates no organic growth.
To conclude, the Pacman Frog (PAC) scam might have affected a number of users, but if you are thinking of investing in this project, TheCoinRise advises you to stay away from it and keep your money safe.