Zachxbt warns users that it calls BlockDag “fake projects”

Zachxbt calls BlockDag a scam and claims it constitutes the latest announcement of a $375 million pre-sale. He issued this warning in response to the community’s strong interest in the project.

He did not provide any concrete evidence and therefore posted some circumstantial evidence. For now, it might be best to wait for more information.

Is BlockDag a potential scam?

Over the past few months, Scalability Solutions and Crypto Mining’s L-1 blockchain and L-1 blockchain have been popular options for many investors. It has attracted a lot of influence, including its technical promises, sponsorship agreements and more. Yesterday, the company announced that its token presale exceeded $375 million, with a high community interest.

However, Crypto Sleuth Zachxbt has issued a warning about BlockDag and calls it a scam.

This is a rather serious charge, especially given his height in the community. Zachxbt claims that Block Doug is a fraud token project for several reasons, claiming it is fully comprised of a $375 million milestone. Analysts expect ICO and Mainnet launches to occur in the first quarter of this year, but there have been no notable advances.

Announcing unusual progress

Unfortunately, most of his evidence is equally circumstantial. Popular CEX Lbank announced a few weeks ago that it would list tokens. Zachxbt reported high levels of social media excitement about BlockDag and urged them to bring the scams forward.

He made public his own offer to pay him to represent it. He hinted that the announcement of the LBANK listing may include similar transactions.

But to be clear, this is all completely circumstance. Lbank has a consistent strategy of betting on social media hype, betting on social media hype, betting, betting, betting, betting, betting, community engagement is a strong market indicator. On that front, BlockDag is legally popular, so there are many reasons to give the company a shot.

Nevertheless, there are several other inconsistencies that support this theory of block doug fraud. For example, the announcement of Lbank’s own BDAG ICO has some odd features. It claims that the event has already ended, and reports that some key figures remain blank, with the ICO raising $600 million. This is significantly higher than the reported pre-sale success.

In other words, this is all very vague. Still, Zachxbt has a big reputation in the community, and his recommendations have a lot of weight. If he’s calling BlockDag for scams, it might be wise to wait for more information before committing more support.

Zachxbt’s post warns that users first appeared in Beincrypto, calling BlockDag a “fake project.”