Anonymous BSC has recently launched one of its kind tokens called Anon coin. It is revolutionizing the BSC market space through its never heard of policies. It has also waged war on scammers across BSC and is already harrowing the world of thugs.
Anonymous BSC and Binance Smart Chain
Anonymous BSC was founded by a group of individuals interested in investing in Binance Smart Chain (BSC). Binance Smart Chain is a blockchain that runs parallel to the Binance chain. While the Binance chain was created to run large transactions, Binance Smart Chain can hold smart contracts too. It ups the services of the Binance chain.
Binance Smart Chain works under the OTC market. It means that there are no intermediaries between the buyer and seller. This decentralization is essential in the world of crypto as it gives freedom to buyers and sellers.
Scammers
Because of the decentralization, multiple investment vehicles provide additional liquidity to the new investors. They lure investors by charging Zero dollars for transaction fees and trading commissions. Once the investors are in, they remove the liquidity, and traders end up losing their hard-earned money.
Scammers also use the technique of rinse and repeat and pump and dump to cheat investors.
Whales in the crypto world are individuals who hold a large number of coins. These whales often engage in the rinse and repeat practice. They sell huge chunks of their holdings, creating panic among small buyers who end up selling their holdings, and when the price goes down, they end up buying back their holdings. Such practices affect retail investors and small players.
Pump and dump mechanism is when a holder spreads misinformation in the market to increase the price of coins and sells it to buyers at an inflated price. Eventually, the prices return to their typical range, and the buyer ends up facing huge losses.
The Objective Behind Launching The Coin
The founders of Anonymous BSC decided to take matters into their own hands and created a token that could beat the scammers and overcome the existing problems. It launched a coin with Anti whale and Anti pump and dump mechanics.
Anonymous BSC launched Anon coin. The launch was organized on May 6th, 2021, and was a huge success. It hit a two million market cap within 2 hours of the launch and 7 million in 48 hours. The coin current holder base is a whopping six thousand people. It has consolidated around 3-4 million since the launch.
The record of all the people who engage in trading the coin is maintained. It has created a mechanism wherein a trader can report a fraudster. The Anonymous BSC team does a thorough check on the scamster, and after ascertaining the facts, declares them on the internet. The details of the thug are available on the internet and the company’s telegram group, so the community is not cheated by them again. Anonymous BSC has already made details of the recent scammers public.
