WaltonChain hilariously (and terribly) exposed for scam

in cryptocurrency •  2 years ago 

WaltonChain held a Valentine's Day giveaway, giving away 500 WTC to some lucky winners. Seeing as this giveaway was only for ~10k USD (at the time of this post), you would think there wouldn't be much of incentive to mislead and rig the giveaway.

That's not the case however, as you can see in the above picture. We see in the now deleted tweet that WaltonChain seems to have forgotten to log out of their official twitter account before posting a fake tweet of winning some free WTC. Is it simply an employee winning, and forgetting to log out of their official twitter before tweeting celebration (which is still shady), or are they rigging the official giveaways with only internal winners?

Either way, this is not a good look for such an established and big player in the crypto scene. The ramifications of this mishap remains to be seen.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I'm not a WTC holder, as I'm already holding a supply chain coin with VeChain, but this looks horrible for people that are. Luckily, whether this is or is not the case...people will probably forget about it in the next couple of days to weeks (if it gets picked up for a wider audience).

i am also a vechain holder also, but from what i understand waltonchain is a good company in the same space. (AMB is another company in the space) i do agree that does not look good.

Yeah, agreed. Terrible look, and things like this can linger and damage the future, especially if there's mistrust of the team. Trust is huge in such an early stage of a company.

Congratulations @zhangster! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your Board of Honor.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last announcement from @steemitboard!

Do you like SteemitBoard's project? Vote for its witness and get one more award!

Congratulations @zhangster! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:
SteemFest³ - SteemitBoard support the Travel Reimbursement Fund.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @zhangster! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!