What happened:I recently started altcoin hunting and came across $ALAI, the Alai Network token. The platform promises "A New Era of Passive Income with AI Ecosystem"
However, a look at its whitepaper shows it is a document of
common trading and investment definitions.
Whitepaper Link: https://alainetwork.com/whitepaper.pdfIts token sales page, Alai Network claims you could get
X100 in 30 seconds as an ALAI investor. They further promised non-stop dividend paid in USDT. This one got me curious. Where would all that USDT come from? They claim it's from AI trading.
And this sounds like what a
HYIP would claim:
With an annual profit rate of 298%, our technology guarantees substantial returns on your (investment?)
They claim $ALAI is a deflationary token with a 21 million supply, obviously
imitating Bitcoin for effect.
Reference Link: https://alainetwork.com/Amount Scammed: ---
Payment Method: Crypto
Proof of payment: 
Additional Notes: I strongly believe that Alai Network is
potentially an exit scam. Its claims are just too unrealistic, and the high ROI and referral reward are something Ponzi is known for.
