We saw Aptos with its Facebook's Diem lineage come to market. Even Telegram's TON is now alive and being traded. It makes sense to see tech giants wanting to get a piece of the pie that is cryptosphere. They are not looking to create a truly decentralized future. What they are looking for is to recreate much of their own power structures within the Web 3 without subscribing to e the ethos that helped the birth of a trillion dollar economy out of thin air through innovation and free markets.
Introduction From CoinMarketCap
The Promise of a "Tech Giant"
All these details and more can be found on the official website https://amazontoken.io which has FAQ, contact details and E-mail newsletter you can subscribe to.
You Must Not Invest in This Scam
I'm not saying this because I hate Amazon. I have my disagreements with the way Amazon is doing business. I have my problems with Jeff Bezos. The reason I tell you not to invest in this Amazon Token covered by Verified CoinMarketCap Channel is because it is a scam.
Another Reason Why "Blue Check Mark" Means Nothing
The color may change from blue to grey. The virtue signaling might die down a little with these verified accounts. The poorly maintained and implemented "Verification" meaning next to nothing will remain the same for a long time to come. Without truly decentralized infrastructure and individuals owning their own accounts, these farces that are employed by these tech giants will mostly be lipstick on a pig.
Financial Darwinism: Do Your Own Research!
The scammers are getting very good. It makes sense for a CoinMarketCap Channel to have 124K Subscribers and have only few thousands views on a video uploaded a day ago. In fact the real view counts on the real CoinMarketCap channel is a fraction of the fake channel.
Even the presentation of the video and the https://amazontoken.io website are well done to fool anyone not interested in digging deep before they invest. The hype can blind many.
The website does not have much of a history. We might be able to see some analytics later down the road for this scam. What is important is not running towards a surveillance state solution to fight scams like this.
Simple Red Flags That Got Me Thinking
- Odd Token Name (AMC5T AMCR12) that goes against the usual way normie facing corporations do their business
- Token Distribution that make sense for regular cryptocurrency project; but not a tech giant like Amazon that is well known and well funded
- The Token is not sold out yet! How!!!
- There is no Whitepaper
- Amazon is embracing this whole crypto thing way too fast
- Why not use https://aws.amazon.com like website with Amazon.com domain
It all made sense once I checked the YouTube Channel and found only one video. This was likely a hacked account or an account that has 124K bots subscribed to it.
A Brave Search Shows Months Long Scam
Another one of those useful perks of being a part of Brave ecosystem is having your research made easier bringing important conversations about a topic easily explorable. Not only Google and Bing offer censorship and surveillance; they are also offering a worse search provider service on most occasions.
Self-Ownership, Personal Responsibility and DYOR is The Only Antidote
If everyone does they own research to verify claims instead of relying on authority figures such as a brand name, a "Verification" or a fancy looking website/sales pitch, we can have a better future with more vigilant individuals.
It is hard to scam those who are willing verify things on their own. We have been correct on so many things on COVID-19, lockdowns, economy, expansion of surveillance state and many more. This is a decentralized system that cannot be easily taken over by some elites.