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    Kim Kardashian Is Shilling Scam Crypto

    Abstract:Kim Kardashian Is Shilling Scam Crypto

      

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      EthereumMax and “influencer crypto” is garbage. Dont touch it.

      Kim Kardashian has joined the long list of other celebrities to engage in advertising for another useless shitcoin called EthereumMax.

      Now, don‘t let the name fool you. This coin has absolutely nothing to do with Ethereum, it’s just using the name as a way to mooch some sort of credibility at a glance. So, what is EthereumMax? And why in Gods name is Kim Kardashian telling you to buy it?

      EthereumMax

      EthereumMax claims that it‘s the “Culture Token” despite offering no products or services. It also advertises an NFT marketplace that doesn’t exist. If you go to their webpage, they don‘t have a Whitepaper. There’s not a single place where you can see how the coin actually functions, why it exists, or any legitimate reason as to why you should hold it; apart from desperately praying that “stonks go up” because Kimmy K promoted it.

      EthereumMax are just another coin that re-distributes a little bit of the total supply every time someone buys or sells via a small tax on transactions, which in case you weren‘t aware; is literally what every other shitcoin is doing right now. There is nothing unique about this token. It’s another get rich quick scheme for big holders that will eventually end up burning regular users.

      Furthermore, from what I can see it serves absolutely no purpose, apart from creating a fake-environment that‘s only granted credibility by the fact that “Ethereum” is in their name and a slew of celebrity endorsements they must be paying out the nose for. It’s an unsustainable, unprofitable enterprise at its core.

      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. Its 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. Its 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 its 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. Shes 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 Kims 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.

      In summary: I implore you to stay away from this and all other coins like it. EthereumMax and every other coin that resemble it are the Multi-Level Marketing of the crypto world. They are the Bernie Madoff of blockchain. They are nothing but technically gifted opportunists using celebrity endorsement to vacuum up capital from unwitting crypto enthusiasts.

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