Kim Kardashian Is Shilling Scam Crypto

How Do These Coins Work?

EthereumMax is just another token in the pandemic of influencer crypto that dominates the forward-facing aspect of the crypto market. This, unfortunately is where a lot of the general public gets their info about cryptocurrency. It’s an unfortunate truth that you only have to look as far as TikTok to see that low quality instagram stories from vapid influencers promoting strange and useless tokens are quite often seen as sound investment advice by hundreds of thousands of young web users.

So how do these coins work? Well, they are quite literally a copy-paste job of every other similar coin before it that add a sum total of zero to the cryptocurrency project in general.

Instead of paying developers to create new and innovative functions on the blockchain they hit “CTRL C + CTRL V” on some code and then spend their entire budget on advertising, which involves getting celebrities like Kim Kardashian, Floyd Mayweather and Jake Paul to shill their coins to their hundreds of millions of followers.

Whether or not all of these coins will grab their millions in capital and run away with, essentially vanishing into thin air, is yet to be seen. But, from the get go these types of crypto projects are plagiarised technologies created out of bad faith and spread via viral posts. They offer zero upside to investors and have infinite downside if they do choose to liquidate their funds and run.

The Problem of Kim Kardashian & Crypto…

Now, if Kim Kardashian told me to buy a certain brand of makeup, or where to get plastic surgery, or even how to be more successful on Instagram, that may very well be advice worth taking. It’s within her given domain of competence.

But when she comes out of nowhere with a random story about cryptocurrency saying that her “friends” have told her to buy into this unknown coin maybe it’s not because she has good intentions in mind?

This is so obviously a paid advertisement. Kim Kardashian is not the person you should go to for investing advice. She’s a vehicle of advertising for whatever company is willing to pay the monstrous fee for a promotion to her 229 million followers.

The #AD in the bottom right corner should be just about everything you need to know about Kim’s personal relationship with the team behind this coin…

If all of this still hasn’t convinced you, then the image below should do the trick. EthereumMax are only 1 month old. 1 month old! The coin barely even exists yet. They don’t have any published metrics for liquidity of holders and could very well just disappear into thin air just like SafeMars did a few short weeks ago.

Source: https://medium.com/project-shekel/kim-kardashian-is-shilling-scam-crypto-a7ae6ac706cf?source=rss——-8—————–cryptocurrency