It’s a green day, except for shit coins. Be careful out there.

With current activity on this sub increasing I've decided to check some of the most promised shit coins with "DoXeD dEvS". They are in atleast 5-10% loss. Around a year ago I've promised myself not to buy shit coins, I couldn't help myself and bought a couple, only 1 made me some profit. You could say I was unlucky or don't know what to look for, but let's a deep dive into one of the latest BS token out there.

Reflex finance, roughly it's been released 2 months ago. Launchpad was whitelist only, pretty much those people are already in 6 figures by right now. I think there were only 150 people contributed in the beginning. It had a huge private sale with trillions of tokens (around %15). If you look at their contract address you'll see bunch of addresses with 3t tokens. They are making quite good profit just sitting on their tokens per day. Because majority of tax goes to those addresses. After launchpad, pancake swap listing was another fiasco. People basically over paid for their tokens and became forever bag holder due to those launchpad investors dumped on every single person. Right now they must be around %50 loss. If you look at the charts you can also tell almost every transaction is by bots. As I said before it really doesn't matter if devs are doxed. They are shameless scammers while they and their families get rich. Do not fall for it…

With shit coins, you might not know this; tokens name being published on a news agency like Bloomberg or Yahoo should never be trusted. All of those are paid articles. I have made a post before how to spot a scam, well this one is a great example.

CEO of the project; Myles, apparently is an ex marine. I can't believe they put trust in one guy due to his previous job.

My prior investment with another token took my interest in this one. Pretty much similar project, only difference is made in murica. So I have been following them closely but never invested in. I'm glad I didn't. My friendly advice, don't chase 100x 1000000000000x promises. Just DCA through some of the solid on going projects.