Ethereum (ETH) Network Still Overloaded, Token Scam Detected

The (ETH) network continues to log in a heavy transaction load, with the Tether (USDT) smart contract still burning up most of the gas. But another smart contract raised doubts. This time, it is the More Gold Token, an airdrop that periodically took over the network in the past two months.

The More Gold Coin, or MGC, is an unknown and unlisted digital asset that is tied to a crypto investment project. The project’s promises are raising red flags with the potential for high returns in a short timespan.

The team of EthGasStation analyzed the project and came up with the conclusion the tokens are a potential scam.

“We’re not in a …

This article appeared first on Cryptovest

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