Degen Protocol’s unique SH33P token Ponzi scheme has collapsed. Instead Degen Protocol has rebooted with GOAT token.
Introducing the majestic GOAT Token, a real champion of the crypto wilderness, residing on the rugged terrain of Pulsechain.
If that each one sounds extremely silly to you, it’s as a result of it’s.
Degen Protocol is headed up by “a$$gap in cost” Christopher Mason, aka Crypto Blacksheep.
Mason is a middle-aged crypto bro who livestreams usually on YouTube from what seems to be his kitchen.
In keeping with his Linkedin profile, Mason, a former meeting line employee, relies out of Kansas. It’s unclear whether or not that is nonetheless correct although.
As per Degen Protocol’s “GoatPaper”, GOAT token was created on Pulsechain.
Pulsechain is owned by Richard Schueler, aka Richard Coronary heart.
The SEC sued Schueler for securities fraud in July 2023. Schueler stands accused of misappropriating “not less than $12 million” via his varied cryptocurrency schemes.
Degen Protocol’s GOAT token is a repeat of its SH33P Ponzi scheme.
This exceptional token not solely climbs the heights of worth but in addition leaps into motion with unparalleled equity, because of its mechanism promise of a lifetime crammed with frictionless, passive rewards.
Degen Protocol traders make investments DAI and obtain GOAT tokens. Mason and early Degen Protocol traders steal invested DAI, with no matter is left paid out to later traders.
There’s additionally some “validator” NFT Ponzi nonsense connected.
Customers purchase NFTs for 500k PLS every. The PLS from minted NFTs goes to the protocol reserve, able to be was validator stakes as soon as a threshold of 32M PLS is met.
One thing one thing make investments 500,000 PLS, anticipate 32 million PLS to be invested and steal cash.
This time round there doesn’t seem like an MLM part to Degen Protocol, therefore no formal overview.
Aside from documenting GOAT’s inevitable collapse, we’re in any other case leaving it there.