Mind of Pepe ($MIND) is yet another presale attempting to capitalize on Pepe’s popularity, similar to WEPE and MPEPE. However, it claims to be more than just a memecoin – its creators promise a self-evolving system that provides useful data to anyone holding the token.
Yet serious concerns arise when you look at how it’s structured, how it handles funds, and who is actually behind it. If you are thinking about investing in Mind of Pepe, you should definitely read our findings.
Table of Contents
Suspicious Identity
Unlike every other presale we’ve reviewed so far, the team behind this project is not anonymous. Right on the front page of the whitepaper, we are given information about the issuer:
Later in the whitepaper, we get even more details:
At first glance, this looks like a great sign – finally a presale where we know who the developer is! But if you pay close attention, you’ll notice some problems with their data.
First, what is the company’s name? The front page calls it Elvara Labs, while later it’s referred to as Elevra Labs. The listed address also raises doubts – a quick Google search shows that it’s an offshore address used by a few other businesses.
The name of the managing director isn’t very helpful either. Plenty of people are named Pranav Bhatia, and we couldn’t locate social media accounts for someone who might actually be the director of this company, although we did find a person with the same name who has blockchain experience.
Lastly, the contact information is questionable. The official site is mindofpepe.com, but the email domain is mindofpepe.xyz. If you try visiting mindofpepe.xyz, you find there’s no such site – though the domain is registered to someone.
AI Technology
The inconsistent issuer data alone is a serious red flag, but there are more issues with the project itself, especially the promised AI features.
The whitepaper mentions real-time data and “autonomous engagement” on social platforms. It also hints at a system that interacts with influencers and communities, then shares early market insights with $MIND holders.
We saw a similar concept with the iDegen presale, and the same main issue remains. With today’s readily available chatbots, creating a bot to interact on Twitter can be done in minutes. There’s just nothing groundbreaking about this idea.
No Proof of Work
Yet, despite not being overly complex, we see no evidence that the team can actually build this AI. We don’t see any functional Twitter bot, while the iDegen presale at least demonstrated one. The whitepaper offers no details about the technology involved – only vague ideas.
The team also mentions that the bot will do market analysis to give users trading signals. On the Techmap subpage, there’s a snippet of Python code. But if you look at it closely, it’s not very convincing:
For anyone not into programming, all it does is randomly say the market is bullish or bearish without even downloading any data. You might as well flip a coin to get the same result.
Sky-High Staking Yields
The Mind of Pepe site and promotional blurbs often tout extremely large staking annual returns. In some articles, we read about yields above 600%, and in others, the number moves beyond 900%. This is the kind of promise that tends to attract many newcomers, since the potential gains sound unbeatable.
More experienced observers know that triple-digit yields are not sustainable. The project doesn’t highlight any revenue source to fund such rewards. If the reward tokens come from the project’s own supply, the token supply will inflate, diluting the coin’s value. Alternatively, if it relies on new investor funds, it becomes nothing else than a pyramid scheme.
Audits Issues
Mind of Pepe references two audits from different firms, both of which appear on its official channels. At first, that might sound reassuring – especially since neither audit apparently found any issues.
But if you check the disclaimers, you’ll see both reviews focus only on the basic token contract. Other elements – like the presale contracts, staking mechanisms, and the promised AI – are not covered. So even though the audits might look positive, they don’t really prove that Mind of Pepe is secure or credible.
Paid Articles Everywhere
A quick internet search for Mind of Pepe turns up multiple articles praising it as the next big thing. Nearly all of these are labeled as sponsored. While sponsored content can be a normal marketing tool, these pieces don’t address any of the worrying details. They just repeat the same points: massive presale success, huge staking yields, bold AI claims. They leave out the inconsistencies with corporate information and the incomplete audits.
When a new crypto token floods the internet with paid endorsements but shows little unbiased coverage, it is usually a sign of heavy promotion rather than proven substance. A genuine project with strong fundamentals might have independent analysts praising its technology. Here, we see a cycle of marketing narratives repeating themselves.
Our Verdict
After piecing together all these factors – uncertain team data, lack of proof of work, exaggerated staking returns, incomplete audits, and a reliance on promotional content – we consider Mind of Pepe to be very risky. Anyone drawn to $MIND tokens should consider the possibility that this venture might not deliver on its claims.
