It is not something unusual to see scams in the Binnace Smart Chain, but it is sure kind of unique to see the same developer do it over and over again and take small parts of each of the previous communities with him/her. Dive into our short analysis.
Disclaimer: Our short analyses are important to us, as we receive some information about a potential shit or hitcoin. We explore the Telegram community and have a look at the developer(s) behind a token. We try to be as sincere as possible in our analyses, but if you find a mistake, be sure to write us about it through our mail, or faster, through our telegram admin(s) account(s). That way, we can make up for any mistake and give our users the best information
UPDATE 5/12/2023, it was as predicted a rugpull
Not a week later we have successfully warned you of a scam. CyberbeastBCSIf you have more tokens to review and ask us for a review, write us through mail or fast, on our Telegram channel.
About CyberbeastBSC
The Cyberbeast token operates on the Ethereum blockchain, with its unique contract address being 0x7889243953f2bb625d13280b38967cbb71f76103. As with any investment, it is crucial to conduct thorough research before deciding to invest in the Cyberbeast token. While we cannot provide specific financial advice, we can explore some factors that may influence your decision.
Our First Impression
Firstly, the telegram group consists of 120 members at the time of writing. With the token released only a few hours ago, it can be a good investment on the short term. As we watch the chart, there has been a consistent volume and increase of value.
Use case of the token
As we try to understand the utility of the token, nothing is indicating such a thing. We have checked theX profile and the pinned messages in the telegram group. It seems this is a pure meme token, taking inspiration from its variant on the Ethereum Chain. According to the admins in the chat, that version of Cyberbeast had made some people a millionaire. It seems they are capitalizing on the previous coin’s success.
Buy and Sell Tax
While most BSC tokens have a high buy and sell percentage, this token is taking an unexpected direction. We checked both taxations, which are set to 3% for both. We have our suspicions as why it is so low, but we will dive into that in the conclusion for this token
The founder/developer
We checked with one of our bots how well the previous tokens did, as there is a history from the developer. There are 8 rugpulls detected from a similar code or linked address to the current token. This one should raise all red flags, as this is not an ordinary rugpull. Behind the curtains, a serial rugger is busy making some real money. As the results show, the dev launched and deployed 9 tokens successfully, with rugging all previous tokens already. That is of course, if our bot has checked everything correctly.
The community
We checked the community as well, where there are the common welcome messages and the pushing message to buy. We see always some early buyers or admins enticing newcomers to buy as soon as possible. The early buyers leave soon after making a few x’s, not with huge amounts though. Most of the community is also just quiet, probably making a silent exit after making some profits on the token.
The Review
CyberbeastBSC review
Even though the token seems like an excellent investment on the short term, it lacks everything to hold it on the long term. We would certainly advise not to invest in this token, as we have no clear image on how long the previous rugs took before it got dumped. We are very positive about the low taxation, but we fear that is the most attractive part for most investors, as finding tokens with low taxation is rare. At one point, the tax does not matter if there is enough money to rugpull. Investing could lead to a potential loss of your investment.
Review Breakdown
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Developer
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Community
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Tax
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Short term
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Long term
