Business
Minty-Swap 2.0 real or fake?
There is another pandemic infecting investors, that is deadlier than Covid-19. “Rug pull” isn’t a word that has any positive connotations attached to it. The collateral damage of losing a lot of money on useless Tokens and total economic despair will be felt by many. “Rug pull” leaves the NFT community members orphaned, picking up the scraps of a failed investment, while the founders have fled with golden parachutes. In an effort to police the NFT Metaverse, exchanges like OpenSea have delisted such NFT projects entirely, but new NFT projects are being created at an alarming rate.
NFT’s/Token’s original rug pull company will launch version 2.0 of the Token/NFT before a new investor can collaborate with the victimized Alpha group. In order to double dip on further proceeds, the original Token company claims all “so-called problems” with its Token or NFT have been resolved, plotting yet another rug pull on its community members and Token holders. Does this sound a little bit like fraud? If you are nodding your head in agreement, I believe that is the textbook definition.
Rug pulls in recent years have served as evergreen reminders of the risks associated with NFT/Tokens. We’ve compiled a short list of some of the most memorable (and costly) events in ecosystem history. The bright side of these events is that they have helped educate people about identifying and avoiding NFT scams.
Frosties freeze rug pull nets $1.3 million
Frosties, launched on January 7, 2022, was an ice cream-themed collection of 8,888 NFTs that marketed itself as “cool, delectable, and unique”. Ethan Nguyen (known as “Frostie”) and Andre Llacuna (known as “Heyandre”), the two founders of the project, had already been able to build up a sizable community in their Discord channel, as well as promised collectors merch, raffles and a fund in the hope of ensuring the project’s success for the long term.
It was estimated that the NFTs would sell for 0.04 ETH each, so, after the collection had been sold out a few hours later, the team behind the project had been able to generate 335 ETH – just over a million dollars. There was a brief period of time where the project’s website and Discord dropped, and the funds from the sale were transferred to a variety of wallets; the founders were now ghosts.
Evil Ape dupes the Evolved Apes NFT community
The founder of Evolution Ape, known as Evil Ape, stole 798 ETH ($2.7 million) from investors just a week after the collection launched. The Twitter account and project website of Evil Ape are no longer available.
The Evolved Apes project was originally intended to be a fight game, but has now become just another scammer rug pull statistic.
MintySwap , Swaps investor dollars for Lamborghinis
Layth Samarah created MintySwap Token to fund his Lamborghinis, houses, and vacations using investor money. Developing Legends of Mintonia, a game that earns Minty tokens, was a lie, used to sell project tokens and deposit money into exchange accounts, estimated at $2-3 million. Hundreds of people have been scammed out of millions of dollars by Layth’s Token Minty-swap by blacklisting their wallets (preventing them from using the contract, transferring, or selling their investments). When people start asking questions, Layth then blocks and kicks them out of the investment chat.
MintySwap also sold 10,000 copies of its NFT called “Mintonians” stealing funds from investors, claiming that a so-called “Whale” purchased all of these NFTs when Layth himself sold “mintys” Tokens and bought mintonians, misleading investors.
Openseas has now permanently delisted mintonians NFT which deems them 100% worthless. Users were supposed to receive a certain amount of staking rewards with each mintonian, but the amount has changed 4-5 times since initial promises. Mintonians were only purchased because of the staking reward promise. Token holders have either not received their Tokens or the investors money has gone straight into the founders account. Mintyswaps platform is now planning a 2.0 release, Buyers Beware!
Delisted MintySwap Tokens
Originating as a freelance videographer, Abeni Nazeer embarked on her journey directing, filming, and editing her own projects. Raised in Baltimore, Maryland, she drew inspiration from the community’s passion for youth activism, advocating for initiatives such as youth employment, afterschool programs, and improved school curricula. Her dedication to these causes fueled her media production efforts aimed at instigating social change. As she matured, Abeni established her own company, Abeni Productions, where she remains committed to leveraging film as a tool for driving positive societal impact.
Nazeer epitomizes more than just a director; she embodies a visionary, a determined achiever, and a dedicated servant of the community. Renowned for her deep connection to culture and society, her work resonates with the authentic energy of the people. Her company is not merely a business venture but a manifestation of her profound love and unwavering loyalty towards others. In an industry often tainted by inappropriate conduct, Abeni stands out by prioritizing love and camaraderie, fostering an environment of respect and solidarity both within her team and beyond.
Nazeer is preparing for the release of her upcoming Director Debut, titled ‘SIN,’ featuring the late Louis Gossett Jr., who recently passed away. Abeni took to social media to share her heartfelt connection with Mr. Gossett, describing him as both a mentor and a teacher. Speculation arises whether this film marks the final project directed and produced by the esteemed actor.
Business
“From College Student to Passion-Driven Entrepreneur: Embracing Change and Following My Dreams
In a world full of challenges and obstacles, the story of an entrepreneur who overcame a major life hurdle by leaving college is truly inspiring. People should hear this story to understand the power of resilience, determination, and the ability to turn setbacks into opportunities. Through this individual’s journey, others can learn valuable lessons about perseverance, self-belief, and the importance of staying focused on their goals despite the odds. This story serves as a reminder that success is possible, no matter where you come from or what obstacles you may face.
James Whitaker Jr, better known as “Bearzy” has a story that should be shared to youth worldwide. This young entrepreneur comes from Philadelphia, PA and has reached several people across the U.S. In an interview James had stated:
“My journey from a college student to an entrepreneur has been nothing short of a rollercoaster ride filled with challenges, setbacks, and ultimately, triumphs. It all started when I attended Temple University with dreams of embarking on a traditional career path. However, life had other plans for me, and I faced obstacles that forced me to reevaluate my goals.
Instead of giving up, I decided to take a leap of faith and start my own business in the construction and home improvement industry. Building a team, navigating the complexities of entrepreneurship, and learning how to structure a successful company were all part of the journey. These experiences not only taught me valuable lessons but also ignited a passion for creation and innovation within me.
As time went on, I realized that my true calling lay in content creation. Drawing upon the skills and knowledge I acquired as an entrepreneur, I pivoted towards this new direction. The transition was challenging, but with unwavering determination and a commitment to following my heart, I was able to establish myself as a content creator.
My journey is a testament to the power of adaptability, courage, and staying true to one’s passions. By embracing change and fearlessly pursuing my dreams, I was able to carve out a fulfilling career that aligns with my true purpose. I hope my story serves as inspiration for others to take risks, follow their aspirations, and never shy away from exploring new opportunities.
With perseverance and a willingness to learn, anything is possible. Let us all continue to chase our passions, create lives that bring us joy, and never lose sight of the incredible potential within us.”
In conclusion, I encourage you to stay connected and keep up with James, “Bearzy” on all social platforms to follow his inspiring journey. By following his adventures and experiences, you’ll witness firsthand the determination, passion, and growth that drive him towards success. Your support and interest in his journey will not only motivate him to push further but also inspire others to chase their dreams. Let’s continue to support Bearzy as he navigates through life’s challenges and triumphs, making a positive impact along the way.
Instagram: @Not.Bearzy (https://www.instagram.com/
YouTube: @BearzyTV
(https://youtube.com/@
All Platforms:
1. My son Richard has been my inspiration to develop my idea. Despite being diagnosed with Autism at age three, Richard has shown incredible resilience and strength. Every day, he strives to better himself. I am inspired by the impact he has had on my life and his own remarkable accomplishments.
2. Since starting this nonprofit organization, my priorities have undergone significant changes, particularly in decision-making. I have come to understand that consistency and order are crucial for a nonprofit to thrive. Without these essential attributes, the organization could face numerous challenges.
3. When launching any business, there are always opportunities for improvement. Starting from scratch provides valuable learning experiences that foster business growth. Embracing failures and learning from mistakes are integral parts of this journey, propelling us forward.
4. I chose to register this company as a nonprofit organization because it enables me to help children embrace art as a hobby. Witnessing children communicate and thrive in a joyful environment gives me a sense of fulfillment and reassurance that I am making a productive difference.
5. Overcoming the fear of failure was the most significant challenge I had to face. I constantly reminded myself that I was capable of success. Self-belief is the foundation for gaining the confidence needed to build a successful business.
6. What sets Leo Lion Club Foundation, Inc. apart is its unique approach. We raise awareness about Autism through art and provide support for today’s youth. The concept of incorporating painting as a means of expression resonates with children of all ages, while parents appreciate its value in the Brooklyn communities we serve.
7. My advice would be to remain dedicated to your mission and always appreciate those who support and contribute to your business’s growth. Parents who join you on this journey and the children who bring joy to your establishment deserve your gratitude. Additionally, practicing courtesy and effective time management can greatly assist you.
8. Success is determined by the level of effort you are willing to invest in taking your business to the next level. What you receive from your business is proportional to what you put into it. This dedicated effort can lead to great results, such as success, growth, and financial gain.
9. The most enjoyable aspect of starting my company has been the overwhelming positive response from everyone, especially on social media platforms. The recognition and appreciation for the Leo Lion Club Foundation, Inc. reaffirm the honor I feel in serving children with autism and the communities we engage with.
Leo Lion Club Foundation Inc | Facebook
Rena Pennix Alexander (@leolionclubfoundation) • Instagram photos and videos
Leo Lion Club Foundation, Inc. (@LeoLionClubInc) / X (twitter.com)
Fundraiser by Rena Pennix Alexander : Expression of Art through Autism (gofundme.com)
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