Scam alert project @ Zugacoin

[Marykeller]

In case you don't about Zugacoin. Zugacoin na a crypto coin owned by Nigeria named Bishop Samzuga. The coin was created 2years ago, with the promise of elevating prosperity in Nigerian lives if invested.

There have been reports on Facebook about Zugacoin turning out to be a scam crypto project.



For our best interest make we no d invest on any altcoin based on hyped. No mata who get am. I no how we Nigerians take talk about zugacoin last year or so, due na Nigeria bishop get am and promise sae em go make every Nigerian youth rich. Una don see where em land? Scam project. I sae make I bring this to una notice in case of those wey don invest on Zugacoin or about doing so in the future

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[Charles-Tim]

Zuga is a pump and dump coin.

I no how we Nigerians take talk about zugacoin last year or so, due na Nigeria bishop get am and promise sae em go make every Nigerian youth rich. Una don see where em land? Scam project.

Before Nigeria local board was created, we have discussed about zugacoin before on our local thread and it was seen as scam and it continued to depreciate, even during bull run.

All-time-high, $287677
Present price, $0.05152
Which means if I have ₦1 million during its ATH, I would be left with ₦0.179 by now

Not worth going for such coin, but not only zugacoin but many other altcoins are like that. I do not think we should specify if the coin is created by a Nigerian or not, there are many other coins and tokens that are created by people that are not from Nigeria at all that are shit coins. There are over 22100 cryptocurrencies that are existing, they are too many, we should expect many of them to be shit coins. That is why it is better to go for bitcoin which do not fail like altcoins.

There were even many altcoins that did not reach all-time-high in the last bull run. There were even exit scam projects, beside pump and dump projects like zugacoin.

[Asiska02]

Thank you for providing this zugacoin information. I've never heard of it or seen it mentioned anywhere in the forum, but it could have been discussed in the altcoin section, which I'm not familiar with. One thing these altcoins have in common is that they are only in the market for a short period of time and obviously after their self interest before disappearing into thin air. Only a few altcoins remain in the market out of thousands. I don't like them in general, so I don't waste my time investing in them.

[Cryptomultiplier]

If the tale of MMM, FTX doesn't cause chills to course through your spine, then I can advise anyone with resources to loose, to try out the Zugacoin.
 It should at least be around and have survived the Naija system for up to 5years before Nigerians with IQ should invest in it. It is such projects that is the reason behind federal government launching the CBDC and placing some form of ban on crypto currency use within and around the nation.
I dont really encourage anyone to invest in such project without proper licenses or background.

[Chilwell]

In last one year someone dy tell me say  make I come buy zugacoin, then he say 1 zugacoin coin cost #150000 and said in future the coin go reach #500, 000,000. I come dy asked myself say this thing no go true because I come reason bitcoin na him be the king of all crypto and the price no reach like that.

The way that guy dy kpara about this coin him too put money inside, I come ask the guy say do you no crypto he said no, then what about bitcoin he said yes, na the person wen introduced the guy to zuga na him use bitcoin convinced am. I come no say na fast money him dy want ooo.

Up to now him dey tell me say dy are waiting for he gas fee to swap the coin. From that stage I come no say there are scammers. But I no tell the guy because the did has been done.

[DaNNy001]

I am aware of such coin zuga, because i saw one their poster and shop around in my area back earlier last year and i was even surprised to even here people preaching about this coin but never really showed any attention about it but  people actually know about this coin very well in my area and coming to see here that its a scam really adds up because the promises i have hearing people  say about this coin is really mouth watering, promises like you investing certain amount in a short period then you get double or triple of what you invested. Am just glad i never really crossed part with such fraudulent firms or company. Thanks for the update sha and my brother and sister dem abeg make we try deh very careful from all the nonsense investments platform dem

[HajiBagi]

Thank you for letting us know about this name call zugacoin if not I never hear anything about am at all but now I have hear about it and he fit be like lesson to people and he go still make me advice people to know the kind person and how to invest and also know the kind of person they will run things together with to make them avoid of being scam because this days now you have to shine your eyes before person scam you and get information about the investment before you go invest, especially for this our nigeria we need to be careful and I really appreciate for this your information.

[CryptopreneurBrainboss]

There have been reports on Facebook about Zugacoin turning out to be a scam crypto project.



For our best interest make we no d invest on any altcoin based on hyped. No mata who get am. I no how we Nigerians take talk about zugacoin last year or so, due na Nigeria bishop get am and promise sae em go make every Nigerian youth rich. Una don see where em land? Scam project.

Firstly rearrange your pictures so your thread go look appealing to read. I understand say many of us here no care how the images be but time go come wey senior man go put eye for this board and you fit miss opportunity to dey bless because of how you arranging your thread. Always reduced your image size especially when posting multiple images so e no go disorganized your thread.

As for the mata on ground, no be today wey zugacoin scam was exposed, I still dey wonder how dem still dey get patronage abi na their church members him dey scam on a steady. This coin just dey like TBC wey launched that year wey you fit buy but can't sell or whenever you want to sell, it must be at a loss. Make we dey comot hand now first for anything Nigerian built as greediness dey make our projects no dey go far. Everybody wan cashout and without putting much effort into building first.

See as dem asian first built and now dem dey cashout steady, same thing with other continental projects but our own na straight to cashout. Oya see Wakadan INu wey we think say dem go get building plans for the future but that one too dun cast finish as the developers just dey steadily cashout from the project instead of them to built. Avoid any project Nigerian based at the moment especially all those wey Nigerian influencers dey put their hand ontop the promotion.

[Marykeller]

Firstly rearrange your pictures so your thread go look appealing to read. I understand say many of us here no care how the images be but time go come wey senior man go put eye for this board and you fit miss opportunity to dey bless because of how you arranging your thread. Always reduced your image size especially when posting multiple images so e no go disorganized your thread.

Picture arrange. Thank you boss for letting me know what to do on how I supposed to the make my thread appealing to read for renders. Na my mistake sha, I don learn that one.

As for the mata on ground, no be today wey zugacoin scam was exposed, I still dey wonder how dem still dey get patronage abi na their church members him dey scam on a steady. This coin just dey like TBC wey launched that year wey you fit buy but can't sell or whenever you want to sell, it must be at a loss. Make we dey comot hand now first for anything Nigerian built as greediness dey make our projects no dey go far. Everybody wan cashout and without putting much effort into building first.

Na of recent wey I know sae Zugacoin na scam project give Nigerians and so many people no sabi even em members for church.They still d promote am for social media. The funnies thing be sae em billboard still d my state up till now. 

As the mata be so, nobody is to be trusted in crypto. Even the peso na well known peso for the world. Everybody na suspect

[uchegod-21]

All-time-high, $287677
Present price, $0.05152
Which means if I have ₦1 million during its ATH, I would be left with ₦0.179 by now

Senior man, make I still ask you the question I dey ask about this zugacoin ATH.
When the coin was created, was it automatically given a value of $287677 or it was below $10 and rose to the ATH above?

Was there a means for withdrawal?
I mean was it listed in different exchanges or it was a virtual price that couldn't be withdrawn?

[Charles-Tim]

When the coin was created, was it automatically given a value of $287677 or it was below $10 and rose to the ATH above?

The coin was launched on 1st of December 2020. I did not know its price when it was launched, but likely around $46000 before it rose to all-time-high and dumped for investors to lose.

Was there a means for withdrawal?
I mean was it listed in different exchanges or it was a virtual price that couldn't be withdrawn?

I do not know, but was not listed on centralized exchanges when a friend told me about it and asked me about the project more than a year ago, it was listed on a decentralized exchange that are using smart contract. Presently, it is listed on PancakeSwap.

[BIT-BENDER]

That reminds me there get one day although na 2020 a friend of mine tell me that he would like to receive some amount of Zugacoin and convert it to Naira. He beg me to assist him in the process, as I sabi crypto-currency pass am so I did some research on how to do it and some videos I saw made it look easy.

The story was bad that at that time I did not have enough eth to run the transactions so I had to borrow from someone, long story short we were not able to convert the Zugacoin and my ETH was lost in the process.

[uchegod-21]

When the coin was created, was it automatically given a value of $287677 or it was below $10 and rose to the ATH above?

The coin was launched on 1st of December 2020. I did not know its price when it was launched, but likely around $46000 before it rose to all-time-high and dumped for investors to lose.

Was there a means for withdrawal?
I mean was it listed in different exchanges or it was a virtual price that couldn't be withdrawn?

I do not know, but was not listed on centralized exchanges when a friend told me about it and asked me about the project more than a year ago, it was listed on a decentralized exchange that are using smart contract. Presently, it is listed on PancakeSwap.

Ok thanks for the yarning.
E show well well say na scam for the zuga man to leave the coin for contract status for long time and e no gree pay money to list am for decentralized exchanges and again e no gree burn the coins wey him go don mint billions keep.
That one na purposeful scam wey our people dey fall for. I for wish make government for dey arrest these scammers one after the other.

[Dzwaafu11]

Thank you for sharing these information in the forum, if no be you wey bring these matter na so us wey still be newbie go carry money go invest in that zugacoin which we never know anything about it. Me self if no be bitcoin wey I know say is the king for all crypto currency I don't really put my trust for the rest wella like bitcoin.
But bitcoin if no be you go fumble no how no how person no fit scam you for bitcoin. Beside even if person wan do am God give us person wey go help up @cryptonuerbrainboss e deh legit I dey sure say him no go allowed another person scam us for here as far as him dey  aware

[Obari]

In case you don't about Zugacoin. Zugacoin na a crypto coin owned by Nigeria named Bishop Samzuga. The coin was created 2years ago, with the promise of elevating prosperity in Nigerian lives if invested.

There have been reports on Facebook about Zugacoin turning out to be a scam crypto project.



For our best interest make we no d invest on any altcoin based on hyped. No mata who get am. I no how we Nigerians take talk about zugacoin last year or so, due na Nigeria bishop get am and promise sae em go make every Nigerian youth rich. Una don see where em land? Scam project. I sae make I bring this to una notice in case of those wey don invest on Zugacoin or about doing so in the future

I no go lie and na with due respect to anyone the rest is due(Grammer don finish me) I no been really see any future for this zugacoin and if I been talk, Dem for say na hate speech so I been dey wait to see the outcome of the whole matter and wetin the coin go hold for the future.
But shay this man na bishop and wetin he really do wey make this project crash like this na?
Abeg make person try answer me if you know because me I go also like know wetin really happen and wetin them do wrong.
You too much for this awareness because I been never see the news not of recent.

[Cryptomiles1]

Sometimes I noticed that we Nigerian always brings bad records to our selves, why because I believe that if it was a foreigner who owns this project I don't he would have any interior motive to scam or run away with people's funds.
There have been lots of projects owned by Nigeria which I know I can't invest because if I do that I can't boast of seeing my money or ROI at last.

[Maestro75]

Sometimes I noticed that we Nigerian always brings bad records to our selves, why because I believe that if it was a foreigner who owns this project I don't he would have any interior motive to scam or run away with people's funds.

Abeg leave that talk. You think say na Nigerians thief pass abi? Wait make foreigners catch you first for corner and you go see wetin pass scam. No be say I deh support bad things weh deh happen for our country but na to tell you say no place weh bad things and people no deh. It is everywhere. The Zugacoin thing na scam from day one only say people no open eyes do their research well because them see say the owner weh be Sam Zuga na bishop. Anything religion deh make people lose guard for Africa.

[SOKO-DEKE]

I have once heard about zugacoin project for a long time now but I don't think I never make attempt to know much about the project because I don't like investing in altcoins nowadays due to that I have learned my lesson from other projects like that. So no matter how you try to convince me to invest in some altcoin I will never,despite what people are making out from it.altcoins are not always reliable no matter how  strong you think team is, they don't always have future promises. So the best way is to stay away from altcoins because it always hard to get their project true colour.

A lot have happened at the past especially that Luna project which have gain many investors thinking the project have gain strong community, but at last it turn to a  scam project. Let just avoid altcoins and if we can't avoid it at all please let invest only small amount of money that may not weak our body after any bad happen.

[Rruchi man]

For our best interest make we no d invest on any altcoin based on hyped. No mata who get am. I no how we Nigerians take talk about zugacoin last year or so, due na Nigeria bishop get am and promise sae em go make every Nigerian youth rich. Una don see where em land? Scam project. I sae make I bring this to una notice in case of those wey don invest on Zugacoin or about doing so in the future

I don't trust altcoin project in general come talk of altcoin project wey e be say na Nigerian person start am. I was advised by someone when this zugacoin started to buy it, but normally na advice the person give, the decision to take am or not depend on me. Bitcoin remains the best investment in cryptocurrency to make. If you must even buy or try out any other coin, make sure say you dun first get bitcoin wry you dey hold.

I pity people wey use the zugacoin take first try out the crypto environment, their mind go dun spoil like this about crypto, I just hope say dem go later know say not be cryptocurrency get wahala, but the thing wey dem put their money, the zugacoin so.

[Coyster]

Sometimes I noticed that we Nigerian always brings bad records to our selves, why because I believe that if it was a foreigner who owns this project I don't he would have any interior motive to scam or run away with people's funds.
There have been lots of projects owned by Nigeria which I know I can't invest because if I do that I can't boast of seeing my money or ROI at last.

Ah! Brother man you lie for that one oh, e never tay wey crypto don they popular for Naija sev, and crypto scams don start tay tay for other parts of the world wey crypto don they popular since, i they talk of countries wey their citizens don sabi/they use crypto tay tay, countries wey get plenty whales, Naija no be that kind country, so no talk say na only naija people they create altcoins to scam people, how many Naija people sev don create coin before. Na non-Naija people they create scam crypto coins/project pass, this kind scam no they peculiar at all to Naija people, make we no go they accuse ourselves for wetin we no do.