Bitcoin Forum

I got some notification about some BTCBR token that was giving away $50 free air drop and in my mind nobody does that, it's just not possible.
Anyone know if its just another scam or whats the point of that project?

BTCBR looks like a scam token. They're often sending an offer about their airdrop. It's probable you would be forced to do some tasks, then they give you worthless token. Stayaway!

https://imgvb.com/images/2024/10/02/d225a8990c5f7b57435bd6c7f192f77b.png

Some testimony about them,  take it from its CMC page. https://coinmarketcap.com/currencies/bitcoinbr/

Yeah, this  thread  (https://www.reddit.com/r/CoinBase/comments/1fk0wz7/help_with_btcbr/) can also be checked for reference, some were given BTCBR as a part of a loan agreement, sheesh. It was impossible for them to swap them or to cash them out.

Yeah what i was thinking, thanks.

Sometimes the value of $50 is the same as the value of the token, which often cannot be withdrawn or is constantly decreasing, so such an airdrop that promises a guaranteed profit is often a scam.

Just like the comments in the image above, I also find some comments from other users who believe the project is a scam and there's also something that I noticed after doing a small search about the project. I discovered that the token has different price on different price trackerstrackers.  The market cap is $0.00 according to coin-market cap and the 24 hours trading volume according to bitget is $71.87, according to coincarp.com the 24 hours volume is $9.89. This just absolute shit scam token.

That's correct. If you audit the BTCBR contract address [this (https://basescan.org/token/0x6324065012b16dA37aa4086EDb49Aa9d3754e691)], it is a Honeypot token where anyone can buy the token with 0% tax, but 100% tax is imposed when selling and 50% when transferring the token. Therefore, the audit's result shows that the token's transfer and selling failed, in addition to the BTCBR liquidity (pairs) not being found; moreover, a private wallet owns a significant percentage of this token's total supply, confirming that this is a scam token was distributed for free to deceive investors, who will lose their funds when attempting to transfer or sell the token. So, I urge everyone to be cautious and avoid this token entirely, as it is only listed on decentralized exchanges.

damn 100% tax upon selling, the deployer is a real scammer LOL,


for OP, just ignore this kind of token, this shit scam token is just used to lure people into thinking it has some worth, while in reality even the smart contract code is full of shady things.

I think the deployer of the token just trying to make clout through airdrop to inflate popularity and worth, making it looks as if it has any value to lure liquidity while in fact anyone who puts money in, will definitely lose their money when they sell since it's 100% tax, just old classic scam token.

Quick update, they turned out as "SCAM" now at Telegram, be careful out there guys it's one more now its pretending to be "HOOK" and its also a scam.
I posted about it here: https://bitcointalk.org/index.php?topic=5513322.0


BTCBR scam:
https://www.talkimg.com/images/2024/10/15/8Y87o.png

Based on the trading volumes, it doesn't seem like these scammers are making much profit, which is a good thing, but with a few simple steps you can avoid 90% of scams.

That's a good thing they doesn't making good profits.
And also your right being careful and reading upon things and always be vise you can avoid the most scams.
Also if something looks to good to be true it often is.

Cheers.

True, just a glance to their token contract address and overall data of the token including trading volumes and holders already give us insight about the red flags of the token.
even better if anyone can just ask in some forum like OP here, they will definitely gonna get help to analyze the token and prevent scams.

it seems like these scammers are also try hard, failing their first attempt now rebranding as another token, hopefully no one get trapped into the scheme.
because people are the most vulnerable to these kind of scheme when they are desperate to make profit.