I'm putting this project into the spotlight because it just launched and has a lot of traction on social media. I believe that this is a scam, but they have developed a very solid shell around it with a working MVP, doxed team, CEX listings on KuCoin, etc - So I'd like to have you guys' input on this.
Why I think it's a scam:
Quick summary of the project. It says it's developing an AI chatbot that's trained on blockchain data and will have access to the internet, allowing it to help traders with technical analysis and blockchain related news and analysis, smart contract writing, auditing and debugging and more. People get access to it by buying and staking their token. 50% of profits are burned.
In summary, it's a nice idea, but I think they've just created an interface that connects to other AIs so it looks like they're doing the real thing. They may have fed it with some current news on the main chains to make it look like it can do advanced stuff that other AIs cannot. Now they're selling the token as much as they can with the promise of launching the real product in 3-6 months, but they're not actually working on it. If they were real, they would make more of an effort to show anything meaningful that the bot can do that other AIs can't
- Most importantly, because they seem to focus 90% of their attention on marketing and token sales, not on the product.
- The "unlimited solutions" section on their website features what looks like 9 buttons representing powerful stuff you can do with their AI, but non of the buttons actually work.
- The same problem with their "top soultions" section. They mention things like API, but when you click on it, nothing happens. It's like they want to make it look like you can do all those things, but won't actually put any effort to make it happen.
- All their blog posts are about token sales, not about the product, R&D, or anything else of substance. (image 2)
- Their YouTube videos are very shallow. They've made a video about how you can ask the same question to different people in Crypto, one being Elon Musk and the other Tim Draper, but the answer looks terrible, so they cut away from it.
- First image you can see their comparison against ChatGPT. However, ChatGPT can actually do many of these things including writing and debugging smart contracts, while their AI cannot do some of the most important things they mention, like connecting to the internet (at least not yet).
- I've tried asking it a bunch of stuff that would actually be valuable, like why Ethereum's price jumped today, but it keeps telling me that it's in beta and cannot answer these questions yet.
What makes it a very good scam:
- Doxed team that has 3 people on it that could potentially play some role in AI dev.
- Listed on major exchanges like KuCoin
- MVP that is actually fun to play with, but in reality is nothing more than what other AIs can do and fails at delivering anything of substance when pressed. Show Less
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