Bad Idea crypto token has jumped: I think it’s a scam

• Dangerous Concept crypto token has jumped prior to now few days.

• The token’s market cap has jumped to over $78 million.

• I believe it’s a rip-off that has no future within the business.

Dangerous Concept crypto has moved from obscurity to develop into a well-liked cryptocurrency price over $78 million. The token surged to a excessive of $0.00000042 through the weekend after which pulled again to the present $0.00000015.

The crypto business is made up of hundreds of scams. This course of has been made doable by crypto tokens, which might be created by anybody in a couple of minutes. Most of those tokens are constructed utilizing Ethereum and BNB sensible contracts.

Dangerous Concept is among the many undertaking that I imagine shouldn’t be a helpful cryptocurrency. In accordance with its white paper, it’s a undertaking that mixes the ideas of synthetic intelligence (AI), blockchain, and decentralized autonomous group (DAO). It goals that these three components will assist to create a totally decentralized economic system. 

In contrast to different initiatives, Dangerous Concept doesn’t have a roadmap. As a substitute, the builders hope that it is going to be a system of interconnected AI brokers working for humanity’s profit, as a substitute of it. A method it should use AI is to provide weekly weblog posts on AI and different matters (is smart?)

Dangerous Concept’s tokenomics appear to favor insiders, who I count on wil be cashing in quickly. It has a provide restrict of over 831 trillion tokens, with 58% going to the general public. The remaining will go to the group (we don’t know who’s the group), advertising, AI improvement, DAO improvement, and the Humanity Final Hope Fund. I imagine that each one these entities are the identical group of insiders.

Due to this fact, within the quick time period, there’s a chance that Dangerous Concept token will rise as insiders pump it. It can then crash, with most consumers left holding the bag. The white paper provides that:

“The BAD IDEA Token and its related undertaking are meant for academic, leisure, and experimental functions solely. By participating with the BAD IDEA Token and undertaking, you acknowledge that you’re taking part in a high-risk experiment and assume full duty for any choices you make.”