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Unhealthy Concept crypto token has jumped up to now few days.
The token’s market cap has jumped to over $78 million.
I feel it’s a rip-off that has no future within the business.
Unhealthy Concept crypto has moved from obscurity to change into a preferred cryptocurrency value over $78 million. The token surged to a excessive of $0.00000042 in the course of the weekend after which pulled again to the present $0.00000015.
The crypto business is made up of 1000’s of scams. This course of has been made doable by crypto tokens, which may be created by anybody in a couple of minutes. Most of those tokens are constructed utilizing Ethereum and BNB sensible contracts.
Unhealthy Concept is likely one of the many mission that I consider shouldn’t be a precious cryptocurrency. Based on its white paper, it’s a mission 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 completely decentralized economic system.
In contrast to different tasks, Unhealthy Concept doesn’t have a roadmap. As a substitute, the builders hope that it will likely be a system of interconnected AI brokers working for humanity’s profit, as a substitute of it. A method it would use AI is to supply weekly weblog posts on AI and different subjects (is sensible?)
Unhealthy Concept’s tokenomics appear to favor insiders, who I anticipate wil be cashing in quickly. It has a provide restrict of over 831 trillion tokens, with 58% going to the general public. The remainder will go to the group (we don’t know who’s the group), advertising, AI growth, DAO growth, and the Humanity Final Hope Fund. I consider that every one these entities are the identical group of insiders.
Subsequently, within the quick time period, there’s a probability that Unhealthy Concept token will rise as insiders pump it. It should then crash, with most patrons left holding the bag. The white paper provides that:
“The BAD IDEA Token and its related mission are supposed for academic, leisure, and experimental functions solely. By participating with the BAD IDEA Token and mission, you acknowledge that you’re taking part in a high-risk experiment and assume full accountability for any selections you make.”
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