AVAX0 Flagged as Suspicious with Multiple High-Risk Indicators

[albon]

What happened:: The bounty manager @Leclerc2019 has been promoting the AVAX0 project through a recently launched bounty campaign. After reviewing and examining the token project, here is what I found.

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• The liquidity pool contains only $444, making it difficult for holders to sell their tokens.

• At the same time, the token shows an FDV of nearly $688,000, which appears disconnected from its actual liquidity.

• Also, the 24-hour trading volume is $0, indicating little to no real market activity.



• The image shows 0 buys, 0 sells, and N/A trading volume over the last 24 hours, indicating little to no trading activity.

• It also shows a security score of 20/100, which is a high-risk rating.

• There are two audit warnings. The first is Proxy Contract Risk, meaning the contract can be updated by the developer and gives the team big control and could allow major changes to the token's behavior in the future.



• The second warning is that De.Fi Scanner shows the developer and current owner hold 21.73% of the token supply, giving them substantial control over the token.

• The token has also received 2 community reports, which is another warning sign worth noting.



• The top 10 wallets control 94.01% of the entire token supply.



• Avax0 has been flagged as a potential honeypot by Blockaid.

• The token has been reported and officially flagged as suspicious.




Bounty Manager Profile:: https://bitcointalk.org/index.php?action=profile;u=2522364

Reference Link:

[1] [BOUNTY] AVAX0 - Project has a listing
[2] avax0[.]org


Additional Notes:
• Based on the findings above, AVAX0 appears to be a high-risk token with multiple red flags commonly associated with unsafe projects. I would recommend avoiding any investment in this project or connecting a wallet to its website.

[albon]

There are still 8 Newbie-ranked accounts participating under this bounty manager. He already has 6 negative trust ratings but continues to promote risky projects.

In my view, either greed or lack of experience is what drives these participants to join such bounties without doing their own research or looking into the risks. They may end up with tokens they cannot sell due to low liquidity or that later lose most of their value.

In any case, I have done what I can to present the available evidence about this new project. I will also submit a report through the project's official domain in the hope of having it taken down.

[logfiles]

The manager of the bounty really looks a shitty one and looking at the negative feedback that is already there on his trust wall alongside the trust flag, it's safe to say that he is just out here to promote scam projects and nothing else. I even wonder why the idiot had to go to the reputation board to complain about red trust that he is willingly collecting:

[albon]

The manager of the bounty really looks a shitty one and looking at the negative feedback that is already there on his trust wall alongside the trust flag, it's safe to say that he is just out here to promote scam projects and nothing else. I even wonder why the idiot had to go to the reputation board to complain about red trust that he is willingly collecting:

I agree. This manager is the type of manager these projects usually look for, as he is willing to promote them for a few bucks, helping them attract new investors to their temporary schemes in exchange for  very little pay.

No reputable bounty manager would be willing to work with projects that could damage their reputation. These are exactly the kinds of projects that attract managers like him, who appear more interested in quick money than in building a good reputation.