Heisenberg Crypto Flagged As Scam on DexTools. You'd Be Better Off With This Coin

Heisenberg Crypto Flagged As Scam on DexTools. You’d Be Better Off With This Coin

Updated: 13 July 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Heisenberg (HEX) is currently unavailable for trading on most platforms. Dextools.io has flagged Heisenberg as a scam project. It highlights the importance of proper research and analysis for crypto investors before investing in tokens.

HEX’s last recorded price was $0.6293, with a 2.57% increase in its price in the past 24 hours, according to CoinMarketCap. Also, its trading volume is up by 117% in the last 24 hours, although the increase might result from wash trading.

Is Heisenberg (HEX) A Scam? Facts

HEX is likely a scam token base on its tag on DEXtools.io. It implies that investors risk losing their stake in the token. According to an Insidebitcoins.com report, Richard Heart, the founder of HEX, battled with allegations of launching a scam project over time.

Based on the report, a whale account control about $6.5 million Ethereum in a flush address. Richard Heart claims ignorance of the identity of the account holder.

This account holds roughly 70% of all HEX tokens in existence. Also, it is indirectly linked to HEX’s founder as it directly benefits him. Heisenberg (HEX) claims to be a blazing-fast modern crypto-coin and a descendant of Litecoin.

HEX uses a process called recycling to manage its tokens. The recycling begins with the Flush address sending ETH to a dummy account. Next, the tokens move to another dummy account, hoping to increase anonymity.

Next, the second account buys HEX from Bidesk in exchange for ETH. The HEX tokens are transferred to Uniswap, increasing the exchange’s liquidity.

This process favors the mysterious Ethereum flush address. This address receives all bonuses gained from investors and additional HEX tokens from staking penalties on the HEX network.

This address allegedly receives approximately 500 million HEX daily, making the project a crypto scam.

Heisenberg (HEX) Alternatives

Crypto investors seeking alternatives to the Heisenberg project can study this eco-friendly token currently leading the presale rounds in 2023.

Chimpzee (CHMPZ)

Chimpzee is an eco-friendly project created determined to preserve nature and wildlife diversity. Its target group includes trees, forests, and endangered wildlife species worldwide.

It uses Web3 technology powered by the blockchain to achieve its mission is saving nature and endangered species.

$CHMPZ is the utility token that grants users access to all activities within the ecosystem, including purchases of branded merchandise. The presales are ongoing and are successfully drawing massive attention from investors.

Top Features

Chimpzee creates avenues for its users to earn rewards. Here are the top earning opportunities available,

Chimpzee Shop: This is the Shop-to-Earn (S2E) model. Users earn CHMPZ tokens for shopping, thereby receiving an additional source of income.
Modern NFT Marketplace: NFTs are vital to most crypto ecosystems, providing alternate means of reward through digital arts. The Chimpzee NFT marketplace promotes the Trade-to-Earn (T2E) model, where users trade NFTs to receive rewards. A fraction of the project’s trading fees goes to the user for transacting on the NFT marketplace. Also, users can acquire an NFT passport receiving additional rewards and a means of identification.
Zero Tolerance Game: Chimpzee also operates a play-to-earn (P2E) model on its platform, rewarding users with CHMPZ tokens for gaming activities. The platform’s captivating storyline is vividly captured within this game providing users with an avenue for entertainment and rewards.

Presale Success

CHMPZ tokens are currently on presale and set to reward early investors based on utility and an exciting roadmap ahead. Chimpzee proved their commitment to preserving the environment by planting 20,000 trees in Guatemala to combat deforestation.

The tree planting event increased awareness of the project in the crypto community and beyond. The presale is at stage 7, and each CHMPZ token is worth $0.0007. 1 USDT will acquire 1429 CHMPZ tokens at an affordable rate for investors to accumulate the tokens.

However, a price increase will occur in a few days, increasing the price of each token to $0.0000775. The Chimpzee presale is above the $830,000 benchmark of its $1.14 million target at this presale stage.

Its official listing price is $0.00185. This price will create paper gains of 176% for the initial investors, and users will receive up to 125% bonus coins for early purchases. Users acquire these tokens with ETH, USDT, or credit cards.

Also, initial investors will receive the Chimpzee-exclusive NFT passport after the presales conclude. Early investors will also have special access to Chimpzee Diamond NFT passports.

Only Diamond and Gold NFTs holders can create a free avatar, another reason to join the presales early.