What happened: Uswap is a stablecoin backed by nothing, by air it seems. They are running an airdrop claiming that they are giving 1000% of worth in the their USP token to people, yet token is backed by absolutely nothing. In addition they are having a sale, selling air to people and yet they decided to give out 60% of token supply to community? 5 years vesting on tokens? Almost guaranteeing the listing on top 20 major exchanges, yet they created both token and all their social media with the last few days, no Github, no Whitepaper, no team and roadmap looks like a kid made it up.
So many flags in one project.Website: https://uswapexchange.com/Archive: https://web.archive.org/web/20200928231252/https://uswapexchange.com/Domain name: uswapexchange.com
Registry Domain ID: 2562186804_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: http://www.namecheap.com
Updated Date: 0001-01-01T00:00:00.00Z
Creation Date: 2020-09-26T16:54:39.00Z
Registrar Registration Expiration Date: 2021-09-26T16:54:39.00Z
Registrar: NAMECHEAP INC
Registrar IANA ID: 1068
Registrar Abuse Contact Email: email@namecheap.com
Registrar Abuse Contact Phone: +1.6613102107
Reseller: NAMECHEAP INC
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Domain Status: addPeriod https://icann.org/epp#addPeriod
Registry Registrant ID:
Registrant Name: WhoisGuard Protected
Registrant Organization: WhoisGuard, Inc.
Registrant Street: P.O. Box 0823-03411
Registrant City: Panama
Registrant State/Province: Panama
Registrant Postal Code:
Registrant Country: PA
Registrant Phone: +507.8365503
Registrant Phone Ext:
Registrant Fax: +51.17057182
Registrant Fax Ext:
Registrant Email: email@whoisguard.com
Registry Admin ID:
Admin Name: WhoisGuard Protected
Admin Organization: WhoisGuard, Inc.
Admin Street: P.O. Box 0823-03411
Admin City: Panama
Admin State/Province: Panama
Admin Postal Code:
Admin Country: PA
Admin Phone: +507.8365503
Admin Phone Ext:
Admin Fax: +51.17057182
Admin Fax Ext:
Admin Email: email@whoisguard.com
Registry Tech ID:
Tech Name: WhoisGuard Protected
Tech Organization: WhoisGuard, Inc.
Tech Street: P.O. Box 0823-03411
Tech City: Panama
Tech State/Province: Panama
Tech Postal Code:
Tech Country: PA
Tech Phone: +507.8365503
Tech Phone Ext:
Tech Fax: +51.17057182
Tech Fax Ext:
Tech Email: email@whoisguard.com
Name Server: dns1.namecheaphosting.com
Name Server: dns2.namecheaphosting.com
DNSSEC: unsigned
Link to their token on Etherscan with date of creation:
https://etherscan.io/token/0x2a2a52d83a5ec8ccea30f67bf5dd669a2d986f46?a=0xf26c5f062f3638ab7e880f6e9efc49c2157a1a13#tokenAnalyticsScreenshots of their social media and web:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F7egVEVi.png&t=665&c=HZvbzzqAy0_7RQ)
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FOK5mYhW.png&t=665&c=ll-3dMBP2Q6Ptg)
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FQKO5H5V.png&t=665&c=bdkP5W_q9euobw)
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FXAyNcGT.png&t=665&c=7N-eTlZr8m2K4g)
Their FAQ looks exactly as their project , really shitty, as there is no inofo they can provide, since it is all made up.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNLDcmJq.png&t=665&c=IU4TZEOLeDHfSQ)
All in a all a pretty textbook flags and easy to spot scam, but since they have a fancy TG airdrop bot, a lot of people will go for it and then because they participate in an airdrop some will go and even buy some tokens in the sale since it looks like an awesome deal.
1 ETH = 1000 USP which would be 1000$ worth, which does not make any sense, but people usually don't think and fall for this kind of shit.