I blogged about SmartBCH plenty of times before. So I don't think I'd have to go deeper on this if you are following me for some time now. I recently learned about how SmartBCH chain has been going rug pull with one token at a time. There are already few of the tokens already in the process of the pulling off with the excuse of the market.
I recently checked out the Tropical Finance. They have tokens in the SmartBCH. And the owner is right here. Yet we can't do anything on the rugpull. The token has been down below 0 for some time. You can check the token here.
Things that Makes SmartBCH Rug Pull
There are some tokens living purely on the good will of the BCH. Some tokens are living on the top of the community trust. And some are just there for pumping and then making the exit. I am not sure how long this would continue. There are countless hours of discussion on the Telegram. Yet it all indicates that SmartBCH is nothing but pump and dump and rugpull valley.
People go there to invest into the rug pull in the hope things would go good. None of the projects other than MIST, LAW and TANGO, you won't find any other project working out good or shows the future chance of survival. The game token already went rug pull and also there does not seem to be a good of chance people trusting those tokens again.
There are lot of gullible people on read.cash and noise.cash and they are being fed the kool aid of the cryptocurrency and that traffic is being moved to the SmartBCH. And that makes you wonder about how come many people are into pumping those SmartBCH tokens. I exited out pretty early and realized that it was pumped purely due to the bunch of people pushing it for their own exit.
What's the future of SmartBCH?
It's just a start of this chain's downfall. Though there are lot of people invested in it and they need new blood pushing some money before they can make exit. That's the only reason the chain has some breathing space as of now.
If you are into the SmartBCH, it's time for exit now. Eventually you are going to lose money on it.
What's your opinion?
