/biz/ - Business & Finance

>>56595422
Time and time again the Shib Team have scammed investors with the following steps:
1. "Stealth Launch" a new "Shib-affiliated" token while retaining a massive amount of the supply.
2. Urge consumers to purchase the new coin and hint at an official announcement of Shib affiliation.
3. Farm ETH off the project while slowly distance themselves.
4. Quickly shifts the focus of the token to "community" while speeding up their slow rug.
5. Rug-pull and deny ever having affiliation with the project.
They have done this with QOM and a plethora of other coins, and have most recently done it with TOAD:
1. Shib Team create TOAD. Shib Team load up their bags. SHIBASWAP LP Wallet purchases a large amount of the supply, indicating affiliation.
2. Shib Team create a site for TOAD that includes the non-existent email pepe@shib.io. Shib Team joins the TOAD telegram and hint at affiliation. Shytoshi tweets about frog soup, mentions toad during ETH Toronto, and includes the logo during the presentation. MarketCap and Volume of Toad Skyrocket following "confirmation" of affiliation.
3. MarketCap and Volume slowly dwindle as whales (Shib team) sell off every green candle. Meanwhile, Shib Team becomes less active in the TOAD Telegram.
4. Shib Team begins to ban any mention of TOAD from their official Shibarium Telegram because the logo is "inappropriate" (a logo they had no issue showing off during ETH Toronto). Shib Team claims the "community" of TOAD must vote to change their logo.
5. Shib Team rug-pulls Toad and deny ever having affiliation.
Shib Team has already completed the first four steps of their scam and are about to complete the fifth. I urge anyone who currently owns TOAD to exit the project before they become exit liquidity for the Shib Team.

Toad is a scam and Toadoshi is a scammer.