Is This Presale A Scam? Presale Index

The document is lengthy, but much of it repeats the same points in different wording. The explanations remain vague, and the mathematical formulas are overly simplistic. There is no concrete proof that the promised features are actually being developed.

The team has stated they will only reveal themselves once 80% of the presale funding goal is met.

As of now, there are no publicly available third-party security audits to verify the project’s integrity.

There are indications that Best Wallet may be linked – either directly or indirectly – to multiple questionable presales. While there is no definitive proof, the overlapping patterns are concerning. Investors should review the available information and form their own opinion before committing funds to this project. Below are some sources worth checking:

• TheHolyCoins Best Wallet Review
• The video about this presale
• Bad reviews on TrustPilot
• Critical user reviews on Google Play

While doing your own research, keep in mind that many online “reviews” of Best Wallet appear to be sponsored content rather than independent analysis. Be sure to read the disclaimers carefully and differentiate between genuine feedback and paid promotions.

Despite being called “Bitcoin Lithium”, it’s an Ethereum-based token.

The project offers 172% APY. According to the tokenomics, 20% of all tokens are reserved for staking rewards, meaning that once investors begin selling their accumulated rewards, the token price is almost guaranteed to collapse.

There is no evidence that any real work has been done to support the project’s claims. The so-called “Portfolio of Projects” section on the website uses stock photos.

The project provides zero information about the team behind the presale. There is also no KYC verification included in the audit.

Bitcoin Lithium’s website lacks both a privacy policy and terms & conditions.

Two team members, Nate Sherrod and Collin Ford, have appeared in livestreams on the project’s official channel. The streams appear genuine (not AI-generated or pre-recorded), and the audit claims the team has passed KYC.

So far, there is no information on the actual developers behind the project. In livestreams, Collin implied that they are still recruiting developers, but he claims proof of their work will be shown soon.

The whitepaper heavily promotes BPEP as a Bitcoin L2, yet it fails to explain how this will actually work. The so-called “Blockchain Architecture (for the Nerds)” diagram merely a bridge to Bitcoin, which is not groundbreaking – wrapped Bitcoin (WBTC) already exists.

An independent audit confirms that BPEP is an Ethereum token, raising serious doubts about how it could function as a true Bitcoin Layer-2. Additionally, there is no sign of the promised “PEP-20” standard.

Some paragraphs are written in such broken English that they’re nearly impossible to understand. One of them is additionally repeated twice. We’ve also found a question from a chatbot. And all that just in the introduction.

We’ve covered the whitepaper disaster in detail in our full investigation, but trust us – it’s really, really bad.

We tested the features on the webpage (vault, NFT marketplace, bridge), and discovered that:

• Many of the buttons don’t do anything.
• The NFT marketplace seems to have fake listing data.
• The bridge is completely broken – and somehow offered us $5,200 worth of BNB for just $4,500 worth of ETH.

The tokenomics chart on the website doesn’t match the one in the whitepaper. The whitepaper version doesn’t even add up to 100%.

The staking rewards are just as ridiculous, with BBT promising 100% APY and its vault somehow offering up to 452% APY for SHIB.

There is zero information about the team behind the project, and no audits have been conducted.

There’s a button labeled “Cancellation and Refund Policy”, but clicking it just redirects you to the cookie policy. The actual refund policy is nowhere to be found.

BTC Bull does not disclose its developers or team members. The project is registered in the British Virgin Islands (BVI), a jurisdiction known for loose regulatory oversight.

The project does not explain why it requires a presale or how the raised funds will be used. Investors are essentially buying in without knowing the purpose of the capital.

The Bitcoin rewards can only be claimed through Best Wallet.

The project offers 90% APY, which is either a sign of severe inflation or a Ponzi-like structure.

There is no detailed plan explaining how the project will sustain itself or how the token will grow post-launch.

None of the team members are publicly identified, and we couldn’t find any registered company behind the project. Only one team member reportedly passed KYC for the audit.

We have found several posts on their subreddit where users claim this presale is a scam.

The roadmap included a mobile game, which has launched as a simple endless runner on Telegram, allowing users to earn extra tokens.

The team describes themselves as “degens, crypto enthusiasts, and anime fanatics,” but provides no actual details about who they are.

Despite heavy sponsored promotion, there’s very little real discussion about this project online – even on its official X (Twitter) account.

We’ve covered this in detail in our full investigation, but the audit reveals multiple major security vulnerabilities that could put investor funds at serious risk.

Despite all the promises, there is zero evidence that any AI trading system is actually being developed. The “See it in action” button on the website does nothing.

The team behind Codename: Pepe is completely anonymous, and the project is registered in an offshore jurisdiction. Adding to the concerns, there are signs that this presale is just a rebranded version of the “Agent Pepe AI” presale.

Their X (Twitter) has exactly 5,000 followers, and its pinned post has exactly 4,993 views. Meanwhile, the rest of the posts have almost no engagement

Their X account has 5600 followers, yet recent posts receive almost no views or engagement.

The website’s Privacy Policy and Terms & Conditions have been copied from another, unrelated site. As a result, some sections don’t make sense – for example, one clause claims the project generates revenue from sponsored articles and press releases.

No information is available on the people behind the project.

The team releases daily development updates, but if you take a closer look, the progress seems almost comically unrealistic.

According to their logs, complex systems like a gamified trading system, crypto tax calculator, referral system, institutional dashboard, staking system, community feed, cross-chain bridge, and quick crypto converter were all supposedly built within a single day – sometimes one after another, day by day.

Even more concerning, some of these features – like carbon-neutral transactions, a crypto charity system, and Islamic finance compliance – aren’t even mentioned in the whitepaper or on the website. If these were legitimate developments, why would they be adding entirely new, unplanned features while still in the presale phase?

Despite the flood of so-called development updates, there is zero proof that anything is actually being built. The team remains completely anonymous, there are no testnets, no code repositories, and no verifiable demos of the platform in action. Even the audit is extremely limited, covering only the basic Ethereum token rather than any of the ambitious features they claim to be developing.

The project somehow has two separate privacy policies, and both refer to a .ai domain, even though the presale is currently being run on a .com domain.

No information is available on the people behind the project. The jurisdiction in the Terms of Use is a placeholder.

The whitepaper repeatedly mentions the legacy of Matt Furie and claims upcoming partnerships with WWF, the African Wildlife Foundation, and major CEX listings – but provides no proof for any of them.

Devlogs mention a full perpetuals exchange, fiat on-ramps, partnerships with major banks and payment processors, a crypto debit card, an AI support center, an AI that detects emotional trading, a full-featured crypto tax API and much more.

There are mentions of integrations with Binance Pay, Coinbase, Visa, Mastercard, Uniswap, Fireblocks, Trustly, and even national banking systems.

This paints the picture of a project that is too advanced to be real – especially since there’s no proof of any development.

Despite the flood of development updates, there is zero proof that anything is actually being built. The team remains completely anonymous, there are no testnets, no code repositories, and no verifiable demos of the platform in action.

Multiple things suggest the whitepaper was written using AI. We explain this in detail in our investigation.

The project claims to be audited, but the audit only covers a basic token contract, not the AI functionalities they promote.

The presale includes a giveaway, but its terms allow the team to change the prize or disqualify all participants. Additionally, participants are encouraged to shill the token for a higher chance of winning.

The project claims to be developing revolutionary AI, yet there is no information on who is behind it. Even the lottery giveaway does not disclose an official organizer.

There is no evidence that the index actually holds or will hold any memecoins, which is crucial for the model to work.

The existence of the MEMEX token itself is questionable, as an index fund doesn’t require its own token. It’s also unclear how index price changes will affect MEMEX’s value.

Token holders are supposed to vote on which coins go into the index, but the process is poorly explained and could easily be manipulated to include worthless tokens.

No information is available on the people behind the project.

The whitepaper lists two different names for the company behind the project: Elvara Labs and Elevra Labs. Additionally, the registered address is offshore and is also used by Solaxy presale.

The project claims to use AI, but there’s no proof it exists. The code presented on their techmap is literally a random number generator.

The presale offers hundreds of percent in APY, which is completely unsustainable and raises concerns about high inflation or a Ponzi-like system.

The whitepaper claims that “behind Minotaurus is a team of pros in the blockchain industry” but also states that “the team chooses to remain anonymous for safety reasons”. There is no KYC verification included in the project’s audits.

We were unable to find any registered company under the Minotaurus Games Limited name. The closest match we found was Minotaur Gamed Limited, but it was dissolved in 2012.

The few available screenshots suggest that Minotaurus is just a basic endless runner. The whitepaper fails to explain what makes the gameplay unique.

The website includes a Privacy Policy section, but it is entirely empty.

The whitepaper states that tokens from the presale will be subject to a long vesting period. That means you won’t be able to sell at launch – and if the price collapses (for example, due to insiders selling), there’s nothing you can do.

There is no information on the team members.

According to the roadmap, development hasn’t even started. There’s no proof that the team can deliver what they’re promising – and it’s a pretty ambitious plan. The audit is also still in the “future plans” category.

The mathematical models described in the whitepaper are not enough to deliver the ambitious AI solutions they claim. Several sections are repetitive, and in one paragraph the team mentions exploring quantum computing – which raises suspicion that the entire whitepaper is AI-generated.

The project’s blog posts appear to have been published out of order, and the whole blog is unfinished.

There is no information on the team members, yet investors are expected to trust them to build a AI-powered prediction system.

Our investigation uncovered fake-looking followers and engagement, as well as promotional materials that appear to be AI-generated.

The official Reddit account has barely any activity (none of it related to the presale), and the project’s subreddit is almost completely empty.

The project makes big promises, but there are no demos, no testnet, and no technical documentation beyond vague descriptions. Instead of detailing its tech, the whitepaper focuses on the project’s “lore”, which is completely irrelevant to its functionality.

The presale advertises staking returns of over 300% APY, which is either severely inflationary or an indication of a Ponzi-like structure.

There is zero transparency about the team behind the project, making it impossible to verify their credibility.

That instantly kills the whole value proposition. Pump.fun requires only a few dollars in fees, and most users will never pay $500 to launch a meme token.

There’s one tokenomics model in the whitepaper and another in the terms of use. One adds up to 75% of tokens, the other to 238%.

The Privacy Policy mentions a PEP-20 token standard, which doesn’t exist.

There is no demo, no working product, and no technical documentation.

The company behind the project is registered both in the UK and Belize, and the CEO Shaffy Yaqubi is real, and even gave an interview at Blockchain Life 2024. Some investors argue that being invited to such an event is enough proof of legitimacy.

While the leadership team has backgrounds in biomedical sciences, finance, and consulting, there are no listed blockchain developers.

As we mentioned, the project is registered in both the UK and Belize, but both registrations raise questions:

• The UK company lists only Shaffy Yaqubi, was registered in October 2024, and has just £1 in declared capital.
• The Belize entity is registered at what appears to be a residential address, and records show multiple companies using the same address (Company 1, Company 2), suggesting it may be an offshore registration rather than an operational business.

Despite claiming to be a Layer-1 blockchain, the whitepaper fails to provide detailed explanations of the network’s architecture or consensus mechanisms.

The project does have a functional testnet with block and transaction history, along with a developer workspace, IDE, and blockchain explorer.

The Qubetics IDE appears to be a rebranded version of Remix, an open-source Ethereum development environment. Even the included README.txt file still says “Remix Default Workspace”.

Our investigation found direct chatbot-generated questions in the whitepaper.

Despite claiming to be a breakthrough in crypto payments, there is no demo, no working product, and no clear technical documentation to back up these claims.

The project excludes multiple major countries, including the U.S., the U.K., Canada, and China, contradicting its claim of being a borderless payment system.

The team has stated that their identities will only be revealed after the presale reaches $18 million. Since this threshold has not been met, investors have no idea who is behind the project.

The project makes big claims, but there is no evidence of actual work being done. The whitepaper, despite being long, is vague and lacks technical depth.

The audit covers just the basic ERC-20 token,without the more complex financial mechanisms the project claims to offer. Even within this limited audit, serious centralization risks were found.

There is no information about the developers, making it impossible to verify whether they have the expertise to deliver on their promises.

Users can already play games and place bets on the on the Rollblock website.

Please note that we did not conduct full functionality tests and did not use real money, so we cannot verify whether payouts and withdrawals function as advertised.

The project is registered in Curaçao and licensed in Anjouan, both of which are known for their light regulatory environments. There is no mention of licensing in stricter gambling jurisdictions.

The presale promises 30% APY and high referall bonuses, which are difficult to sustain without a continuous influx of new investors or high token inflation.

We can read about this in the audit.

The site offers no working whitepaper, no audit, no KYC, no roadmap beyond vague CEX name-drops, and no documentation of any kind. There are no Terms of Use or Privacy Policy.

Instead of a smart contract, users are instructed to send SOL or Solana-based stablecoins directly to a wallet address. It’s a one-way transaction based entirely on trust.

On-chain data shows the presale wallet has only received a handful of minor transfers.

Despite branding itself as a Solana layer-2, the actual token is deployed on Ethereum.

There are no explanations or proof-of-work demonstrating why Solana would even need a layer-2, nor how an Ethereum-based token would achieve this goal.

The project promises three-digit staking rewards, which raises major red flags about unsustainable inflation or a Ponzi-like structure.

Solaxy is registered under Solaxy Tech Ltd, but its business address is offshore. Additionally, the same address is linked to the Mind of Pepe presale.

The project makes big claims but provides no evidence of actual progress. The whitepaper is long but contains no unique or detailed technical insights. The available audit only covers the basic token contract and does not verify the promised features.

The Beta platform was recently launched, but it does not feature groundbreaking technology – even the charts are from TradingView.

The project advertises three-digit staking returns, which is unsustainable and suggests either extreme inflation or a Ponzi-like model.

The presale frequently mentions “WallitIQ LLC,” but we were unable to locate any registered company under this name.

We initially investigated this presale after a reader claimed they were scammed. Further research uncovered multiple complaints on social media from users stating that they never received their tokens. Additionally, customer support on the website is unresponsive.