The hashtag #Bitcoinmusk is getting a good quantity of consideration on Twitter nowadays and many individuals are questioning what Bitcoin Musk truly is.
Bitcoin Musk: new crypto venture
It needs to be specified instantly that this isn’t a venture associated to Elon Musk. Furthermore, it doesn’t even particularly contain Bitcoin.
In different phrases, it’s a venture that seeks to draw consideration and curiosity by exploiting the identify of Bitcoin and Musk.
Not surprisingly, it has a brand new token in pre-sale proper now, known as BTCMUSK, which isn’t but tradable within the markets.
That is thus an promoting initiative that’s removed from something legit, attempting to persuade individuals to purchase considered one of their tokens by passing it off as one thing to do with Bitcoin and Musk, however which truly has completely nothing to do with neither the crypto nor the Tesla CEO.
Their easy web site doesn’t even checklist the blockchain on which their BTCMUSK token is meant to be issued, which is however already being bought within the hope that somebody careless will in all probability get confused pondering that this venture is a type of Bitcoin from Elon Musk.
It’s also value noting that on the identical web site they keep away from utilizing Elon Musk‘s first identify, and so they by no means write wherever that their venture has nothing to do with him or Bitcoin.
There are even these on Twitter who declare that Bitcoin Musk‘s sensible contract has been reviewed and verified by a serious crypto firm, however the reality is that no sensible contract is proven on the official web site.
It’s value recalling that the sensible contracts of actual cryptocurrencies should be public and verifiable by everybody, so to cover it’s to need to disguise one thing (assuming such a wise contract actually exists).
Some tweets even trace that it might be an actual rip-off.
For instance, the one from a blatant pretend profile beneath the identify of music star Selena Gomez that appears to ask readers to “make investments” on this token.
I nonetheless marvel how individuals say they invested and didn’t get their revenue again, however my case was a unique one simply my first trial i acquired my revenue again.#Bitcoinmusk#BTCMUSK#NFT#Web3.0 #Blockchain
The truth that on Twitter the hashtag #Bitcoinmusk appears to be fairly profitable is almost certainly as a result of pretend profiles artfully created by the promoters of the initiative, since a fantastic many tweets seem fairly clearly simply as trivial makes an attempt to advertise by attempting to persuade individuals to “make investments”.
Sadly, there is no such thing as a method to cease these sorts of initiatives, and Elon Musk himself might not be capable to cease them from exploiting his final identify to advertise such initiatives.