False alarm! The new project is disguised as a well-known brand to attract encryption investors
the crypto market is full of tokens that have nothing to do with the name or brand they bring to mind. We created a quick list of crypto projects that are unaffiliated with the prominent brands they resemble. This project starts off its website with a Tesla car bouncing up and down carrying the Mini Tesla logo. Aiming at visitors who may be there are no official announcements from Tesla’s official channels about being affiliated with this project. Many people grew up loving the Jurassic Park movie series and the more recent Jurassic World movies. However there’s no indication that the project has ties with the original Jurassic Park and Jurassic World movie franchises. The newly launched MetaNFT Marketplace project caught the crypto community’s attention by being featured on CoinMarketCap’s biggest 24-hour gainers. Using an infinity-sign logo and a website that captures tech conglomerate Meta’s branding New malware targets MetaMask and 40 other crypto wallets One of the most significant recent cases of using prominent brands to offer unaffiliated scam tokens was when an ERC-20 token called Animoca Brands Metaverse was registered and pretended to be affiliated with the Hong Kong-based venture capitalist. However The new project is disguised as a well-known brand to attract encryption investors Creating a new crypto project is dangerously easy the Mini Tesla brand encourages people to buy its token on PancakeSwap. However the project markets itself as a cross-chain nonfungible token marketplace. However are accusing the project of being a scam. Moreover the official Animoca Brands firm responded swiftly and announced that it is not associated with the Ethereum-based token using its brand name. community members are frustrated with it and are calling it a scam. Several Twitter users