Bitcoin Forum

Hello,
Please tell us your opinion on the SwissCheese (https://coinmarketcap.com/currencies/swisscheese/ (https://coinmarketcap.com/currencies/swisscheese/)) token? Does it have the potential to grow in price?

Thank you.

The question is, does it have a chance to regain its old all-time high of $1.01 79.1% Dec 08, 2023 (over 1 year from the current $0.21.
One concern is that the distribution, with only 10 wallets holding 78.76%, will require massive marketing efforts to attract more investors. The platform and roadmap are good, but as we’ve advised, only invest what you can afford to lose.

Hello,
Thank you so much for your reply.
Can it?

They need to address what is missing. I have already mentioned marketing; another is cooperation and partnership. They should have launched a bounty campaign or an airdrop to generate awareness when they started. This is the reason why only a handful are holding the significant shares.

Upon regaining the old price, it’s a long shot now, as they are not a pump-and-dump scheme; they have good potential, and the current price is a good entry point.

Such centralization of ownership usually indicates a scam that one should avoid. Why are you talking about this like it is a serious project?

Stay away from this project it is a scam.

This is why I mentioned my concern and advice: although the project may look good, there are warning signs that should be taken into consideration. I even mentioned what they failed to do; there is no shilling involved in my post, as I have no affiliation with the project.
OP may have overlooked the distribution, so I point this out. OP is not asking if it’s a scam or not, but what’s the potential, so I just presented my views and options.

Well in this case your writing has given off the wrong impression for me, at least in the underlined part. There you kind of imply that there is a chance for this project with massive marketing, but this is not true for something that is such an obvious scam. Sure if they throw a ton of money on it they may be able to scam a large number of people with it, but that won't make this project legitimate. It was just a misunderstanding then.

Hello,
Thank you so much for your reply.
Why is this project of Scout? What is your document?

The obvious scam you talk about—is it as a result of the majority of the tokens being held by the team, or is there another sign of a scam that we are not seeing? A team holding a major number of the total supply is dangerous, as they can dump it anytime, but since the token has been there for over a year now with no existing scam, it's less suspicious if you ask me, although they might still be planning for a big pull-off.

I notice they are running a promotion with Biconomy where they offer a very high APR for holding the token under 180 days, which is a means to attract investors but not entirely safe; if the token price drops 80% below what you purchased it for, the reward gotten will be useless.

The high APR is nothing if there are warning signs; the distribution is a red flag. Imagine locking your token for an extended period when there is a possibility of a dump.
Only lock your token to a staking platform if the token price is stable, there is a large community supporting it, and the distribution is equal.
This could be a rug pull waiting to happen. I could be wrong, but it’s up to the investor to decide for himself.

These coins are at the lowcap level, and I think many will still take risks with this coin, especially since its daily volume is still good and not bad. This is just my opinion, and besides, this is how it is in the crypto space where we still need to take risks to gain glory, just like them.

So at the end of the day, investors still need to do the right thing in the crypto space where we are doing business. Since all crypto assets are still volatile,
it can still be considered that it is still happening.

When the supply is this concentrated you don't need to look at any other factors, it is a confirmed scam. Stay away from such projects. With millions of tokens on the market, you can always find something that is more real and less risky.

The age of a token does not provide legitimacy, it is part of the trick. Sometimes scammers will even try to buy out very old projects slowly and then revive them in an attempt to scam. Just stay away, stop overthinking it.