With a catchy slogan, a playful bull mascot, claims of a community-driven movement, and a flood of sponsored articles, BTFDCoin is drawing plenty of attention. But after taking a closer look, we’ve found several red flags that potential investors need to know about.
Table of Contents
Deceiving Website
From the moment you visit the BTFDCoin website, you’re hit with hype-heavy messaging designed to create a fear of missing out. Promises of huge staking rewards are everywhere, with countdowns suggesting that the current presale stage is about to end and prices will go up any second. It’s all crafted to push you into buying fast.
But once you look past the flashy marketing, the cracks begin to show. The promised 90% APY staking reward is completely unrealistic. High staking rewards often lead to massive inflation, which means that by the time investors receive their additional tokens, their value could be significantly lower. We’ve seen this happen with other presales that collapsed right after launch.
Then there’s the “Made Possible With” section, which proudly displays logos of well-known companies. At first glance, it looks like BTFDCoin has big-name partnerships, but the truth is far less impressive. These companies are not affiliated with the project in any way – the developers simply used their products or services while creating the coin. It’s a misleading tactic that makes the project seem more credible than it actually is.
The so-called “media coverage” isn’t much better. The website showcases logos from major crypto platforms, including CoinMarketCap and Binance, but the links lead to community-written posts or sponsored articles. Some of the links don’t even work. The goal is clear: to create the illusion of independent coverage and credibility, even though the attention is paid for.
No Substance
BTFDCoin’s whitepaper is over 80 pages long, but don’t expect detailed explanations or technical insights. Instead, most of it is filled with flashy stories and colorful pictures. Sure, the story is important as BTFD is a memecoin, but the whitepaper leaves you with more questions than answers. After reading it, you still don’t know how the project plans to maintain long-term value or how they’ll use the funds raised in the presale.
The roadmap isn’t much more convincing. It’s filled with vague phrases and no concrete timelines or clear objectives. The first three phases seem to have already happened before the presale, and the final one is about launching the token. There’s no real explanation of what’s being developed or how they plan to grow the project.
This brings up another important question – why did BTFDCoin even launch a presale? The project doesn’t seem to require significant development, and the token could have launched directly on an exchange. If the team wanted to avoid doubts about legitimacy, they could have skipped the presale altogether. The decision to stretch out a lengthy presale feels unnecessary and only adds to the skepticism.
That said, the roadmap mentions the launch of the BTFD Bull Run game, which is actually playable on Telegram. It’s an endless runner where players can earn more BTFD tokens. However, the game doesn’t seem very popular, and it’s difficult to find any reviews or real community feedback. The few comments we found on Reddit weren’t particularly enthusiastic, describing the game as repetitive and boring.
Where’s the Team?
The website introduces us to the team behind BTFDCoin: Baby Bull, Raging Bull, Nerdy Bull, and Peoples Bull. Their cartoonish profiles fit the playful branding of the coin, but there’s one big problem – none of them are real. There are no actual names, no LinkedIn profiles, and no professional backgrounds. We have no idea who’s actually running this project.
The terms and conditions mention a company behind BTFDCoin, but don’t provide any further details. This wouldn’t be a big deal if the company was easy to identify, but there are multiple companies worldwide with “BTFD” in their name. It’s impossible to know which one, if any, is connected to this project.
A Know Your Customer (KYC) check was reportedly completed, but here’s where things get even more questionable. According to the SCRL audit, only one person completed the KYC process, using a UK driver’s license but with Bulgarian nationality. This person has no work history and no previous project experience.
If that wasn’t enough, the KYC report mentions a “data entry anomaly”. It was later corrected, but the fact that this happened in the first place raises questions about the accuracy and reliability of the entire KYC check.
In the end, we have no idea how many people are behind this project or who they are. This is a huge problem because if things go south, investors won’t know who to hold accountable.
The Subreddit Raises More Doubts
BTFDCoin has a subreddit, but the discussions there don’t inspire confidence. Many users are outright warning that this project is a scam. Some claim it’s linked to Moonbag and Arctic Pablo Coin, with accusations that the same team is behind all three projects. The proof? Almost identical presale structures and some social media mix-ups where the BTFD hashtags were used in Moonbag post, exposing the connection between the coins.
There are also mentions of people getting banned from Telegram after pointing these connection, and worries about lack of the progress of the presale. While it’s difficult to verify every claim made on social media, the sheer number of negative comments and warnings are hard to ignore.
Final Verdict
The signs are not good. The misleading marketing, unrealistic staking rewards, anonymous team, and growing doubts on social media all paint a worrying picture. The roadmap gives no indication of any real development beyond hype, and the 90% APY suggests massive inflation that could render the tokens worthless.
While the playful branding and cute artwork might be tempting, and the mobile game was actually released, the project still has many unanswered questions that are hard to ignore.
Sadly, many crypto presales are scams.
We have a section on our website focused on uncovering red flags in ongoing presales to help potential investors stay safe. If you are interested in investing in presales, you might find it worthwhile to read our other investigations, even when you’re not intending to invest in those particular coins – you’ll start to notice repeating patterns and learn the tricks that suspicious presales use.
You should also always search phrases like “is [presale coin] a scam” and check Reddit forums. If you find content warning about the presale – or no community whatsoever – you should seriously consider whether the presale is legit. When in doubt, you can also contact us – we’ll be happy to investigate the presales that you’re interested in – such as this one, suggested by our reader!
