Bitcoin Forum

Not owned or affiliated with facebook or zuck.  Putting it on the watchlist.

It's been going crazy. I saw it booming yesterday and was following some of the activity for a while. To be honest, the misleading name did get me to buy a little. I got in at around $0.000000024 (slippage up at 12%) and continued to monitor. Couldn't believe how quick the number of holders were growing and the amount of money in the market cap was climbing. It almost seemed like too much growth for only being available on PancakeSwap. After sleeping on it I decided to try and cash out my initial investment earlier today. I tried and tried but kept getting the "transaction may fail or may require manual gas limit" error. I ended up having to set the slippage even higher at 13% this time (with Default Transaction Speed to Instant) and that did the trick. Thankfully the token had gone up by another 100%+ in that timespan. Decided to leave a bit of profit in Facemeta to see if it continues to grow, but my personal thoughts on this little ride were..

Worries
1) The whitepaper and audit look a bit sketchy
2) The name is misleading as they have nothing to do with the real Facebook/Meta
3) I noticed their Twitter account was suspended today
4) Potential legal hassles from the real Facebook?
5) They say that you will need a "certain" number of tokens to play their game. This kinda reminded me of the Squid Game token scam..

Likes
1) They do have a purpose behind their token if the game they're creating is real
2) They've soared in popularity and already have over 40k holders & 24k CMC watchlists - just from being available on PancakeSwap
3) They have managed to check things off their roadmap (CMC listing, Logo/Price in Trust Wallet, CoinHunt listing..etc)

The misleading name really turned me off. Not to mention, so much growth in such a short period of time seems a little odd considering they are only available on one decentralized exchange. Still, I can't sit here and call it a scam because I was able to trade back the tokens from my initial investment (plus some), and the actual release date for their game hasn't passed yet. I would personally recommend everyone do their own research on this token if they are at all interested in it. Also, know from the get-go that this token has nothing to do with the actual Facebook/Meta company.

I've come across this project, and the fact that it takes its name from Facebook is enough red flag, I personally don't trust new projects that try to ride on the glory of another established company.

I will urge serious investors to stay away from this project, they are not affiliated with facebook in any way and yet they boldly used the "Facebook" title as their project identity, this is already an offense if Facebook should take it up, they are trying to confuse people in order to scam them, most people don't read, and alot of this people are going to think That Facebook owns this project whereas Facebook doesnt even know anything about it.

I would stay away from it too as it's surely going to get in trouble (already getting social media accounts banned is a big red flag anyway).

Just wait for the real thing, and go in when that's out. It's going to be big no matter what, cause you know, it's Facebook (Meta). I bet we'd all not be able to get in early though. Not as big as the whales can anyway.

They just took a few chances with the Metaverse moment and I think $FACEMETA is a shitty project but the common people will keep buying it and saying it's the original Metaverse so I guess I'll stay away and not buy even though it was 1500% hype a few days ago.
I think many will be trapped in this token and people will feel sorry for the old holders.

Since metervase projects are trending lately it is not surprising to see a project trying to copycat to make quick money before the real Facebook Meta will slam them with a lawsuit, my only concern is for those who would later jump into this thinking they have hit a jackpot,
I have the feeling this is another squid coin project.

I agree with this, this is nothing more but a repetition of the squid coin fiasco that we saw a few weeks ago, people need to learn, scamming them is so easy that scammers are putting no effort at all on their scam attempts anymore, this is a scam coin no matter where you look at it, please do not invest in it even if you think you can make profits with it, because even if you pull this off whatever profits you got will come from people that got scammed by the people behind this project.

Don't you think that was a redflag even the creator of this shit coin was blatantly mentioning facebook on its token? Look at the price and it's dumped again now. This may become the next rugpull tokens. Those who have bought this garbage tokens look so pathetic in this case caused by they didn't even know how to pick a legit token. This is just another metashit tokens that purely created based on the hype on metaverse.
I don't know why so many people are also loosing their brain in this case. They can't even think about the possibility of this was a scam token. You must stay away and secure your money if you have been putting your money in this shit scam pump and dump tokens. Those never learned from so many shit tokens that already dead caused by those tokens have become scam tokens.

What are you talking about? What a shitcoin is this? Do they have a website or ANN thread on Bitcointalk?

They do have an announcement thread on Bitcointalk here (https://bitcointalk.org/index.php?topic=5371748.0), but not much information on there. Same goes with their website (https://facemetatoken.co/). On Telegram the token claims their Twitter account was suspended because other people were making accounts using the same name (their account was obviously not verified) and theirs must've gotten reported by people who were mistaking it for one of the fakes out there (some of the fake accounts were advertising a fake airdrop..etc). They now have a new Twitter account up and running. Personally, I think their account got suspended for other reasons (like Facebook taking immediate action) and it probably won't be long before we see more legal action coming their way.

But some people appear to be making money.. From what I can see, this transaction (https://bscscan.com/token/0x3e0b5807515756635c6347cdeebf95946e604bcf?a=0xf1f52bb4b8456bcac8dc8a95c02449479660028f) shows 2,358,563,521,503.813418996 bought 40 days ago for $618.03 and just cashed out 2,264,891,038,029.6834086 for $87,212.39

You already know that this has nothing to do with Facebook, so why did you add it to your watchlist and share it here? Do you want to see him scam? Or want to invite people to get scammed?

Will Facemeta be another shitcoinsfromheaven or shitcoinstohell?, only time will tell but I like to stay away from projects such as this that don't have their unique identity.
If you have a good project you should be able to give it a unique identity.

It was announced that Facebook(Meta) will be having their Metaverse project. There's no website yet and any announcement thread here and I doubt that they'll make one thread in here. I think it's the Libra project that was discontinued and they've reverted back into another project which will make the Metaverse happen and it's like the continuation of the discontinued project of Meta. Since there's an ongoing craze for the metaverse projects, they would like to jump on it and get into the trend.

In short, this token is simply taking advantage of Mark's version of Metaverse's busy situation. But that has absolutely nothing to do with it. Even under the pretext of a famous influencer. Why? the reason is because we already know, there are always people who take the hype to their advantage, so shitcoin hunters seem to believe it is Mark token.

It should be noted that the currently busy Facemeta-based tokens do not surface without an official stance from the person concerned. We here have to realize early on that the other side occupies the ideal place when everyone is watching the Metaverse. That's why the Facemeta Token was born.

The question is only one: Has Mark announced that he will launch crypto in no time?

Maybe op just want to know our own perspective about this shitcoin that tend to deceive investors steal money from people. Although there is no point agitating on this because as early stated, I think even op is skeptical about this coin soni don't there is any need dropping it in the waste basket.

Yeah shitcoin claimed to be the project that runs by facebook. So many scam projects started from using the similar name with the popular entity to raise awareness from the market. I will not even putting this on my watch list. This is totally a shit scam project. So many people are creating noise about this scam project and they never try to understand if this is a fake project. You have mentioned the main point.
No connection means created by others for the scamming purpose but those shit coin gambles didn't care about this. It's very sad to see so many shit coin gamblers keep buying shit tokens from the open market like this. This makes scammers never tired to issue more and more scam tokens.

I have absolutely no doubt that it is a fraudulent project, first they exploit the name of Facebook and Meta even though there is nothing to do with it, this is trademark exploitation and they will surely be prosecuted for it, secondly they ask you to keep a certain number of tokens so that you can continue with the game and this is the same thing Exactly for the fraudulent squid game.
Of course, some will be deceived at first because the price of the token is growing tremendously and you can actually sell it and make some profits, but after a while you will buy larger quantities at higher prices and you will not be able to sell it as happened with the Squid game exactly.

Thank you for breaking down the main point. It's confirmed this as a shit token. I hope that those who are sitll betting in this garbage tokens will be selling their tokens as soon as possible. No affiliation = Scam.
it was faking the reputation by using the name of facebook but this has no relationship with facebook meta. Poor scammer is trying to use various ways to rob money from investors.


It should not. As a confirmed scam token this token is not worthy to take a look.

But the problem lies the fact that there are so many gullible users today. Even if it is a clear scam or fraudulent project, people will try to get a hold of this hoping that they will get lucky and get profit. Unfortunately, in most cases, they will be screwed by scammers. Just look at the squid game token. So people should be smart as there are so many scammers roaming around, just waiting to have a good bait for naive users.

It's okay for speculating because there are a lot of new investors in crypto who would like to invest blindly just in case they love the name or the name of the token realted to something that they like. Any shit projects could generate profits nowdays with the right timing, so don't planned to invest for a long time for this kind of project but monitor the market and the hype is okay to find a chance to make quick profits.

Sometimes, I wonder why people are tempted to invest in a project that does not relate to something but uses the "name" of something popular like what @OP stated. It is very risky if he thinks that the project will gain attraction from the investors, although the number of the investors is increasing because that is not proved that the project can give you profit in the future. Maybe you need to give time for the project before you invest to see if it is good or does not have to think to invest in it.

The price is dumping so hard and i see that so many of these shit coin hodlers are feeling panic after a big dump that happened with it. It seems like the whale who has been pumping this shit coin already cash out his profit from pumping this token. I will not be surprised that if this will become another shitty project as soon as whale will be leaving from the market. The dump is still continuing at this moment.
I would like to call those who have been buying the garbage tokens like this as gamble rather than invest. I have some conversations with some shit token buyers and they were saying if they wanna get tich by spending small amounts of money and multiple it through shitcoin. Basically, they are gamblers and not investors who think about the fundamental of the project.

I think the explanation is very simple. They are driven simply by greed and / or stupidity. Probably most of those who invest in such projects are people who are just starting their adventure with cryptocurrencies and have heard, for example, about the success of SHIBA INU in recent months. They think a project with a famous name will copy success. However, they do not realize who and why created such a project. Most often, of course, they lose money.

Where there is potential for rapid profits, the level of risk is even higher. So investors who are waiting for such an opportunity must be aware of that risk. In recent times a lot of projects have come in the market and left the market by influencing people in the wrong way and gaining their interests. And investors who have spent time researching have not fallen into this trap.Therefore, it is important for investors to be more vigilant so that any new project does not affect them in the wrong way.

That's right mate, I also completely agree with you because in the past there have also been very many things like this where many projects use names that are almost similar to projects that have been successful, even though in reality and in general they have absolutely no connection at all closely with projects that are already popular.

It's just matter of time until this token will be rug pulled by scammer like so many scam tokens in the past. People are so blindly buying everything and even some people were taking loan to be used to gamble in the shit coin like this. Some people who bought at the peak price must cry right now to see how much their investment in this scam token.

Do people lose their brain these days? they were always getting trapped in the same mistake anytime Any project that was imitating the name of popular project can be seen as suspicious project. Too much gamblers that are playing in the shit tokens area and they are making the scammers wants to issue more and more shit tokens.

Indeed. Real investors will not easily invest in a project they do not know for details and will not gamble for big money if they are not sure. Those people want to make fast money by investing in that project but they do not know the risk so they think that it is okay if they lose for little money. If they still do that again, I think they will not profit but will get another loss. The token @OP mention is down and does not know if it can increase back or will still go down.

Sometimes, I think the same as you. That is because of greed and wanting to make money in a short time. But we can not force them to stay away from that project, especially if they already made a big profit before because they want to repeat what they got and back to make a big profit again. Shiba Inu is a perfect example for those people and that is why they will always want to invest in a project like that. We can let them decide what they want to do.

As incredible as it may sound most people that are investing in those coins are thinking on nothing more but to obtain profits, they do not care at all if the project is  in fact not affiliated with Meta or anything they just want their profits and nothing else, but we know that people with that mentality are never going to make it far in the market as sooner or later their infinite greed will play against them and they will lose their money when investing in projects like this one.

Every investor has his own opinion and his own choice. In the last few months we have seen some coins / tokens perform in the market in a way that was unexpected to many. Many investors have made huge profits from those projects which were not possible to make so much profit from any other project. So taking risks can be successful in some cases but taking risks in such projects is very risky because there are a lot of fake projects in the market at the moment.