Treasure NFT SCAM ! Why Treasurenft Platform is a Get Rich Quick Ponzi Scheme and Scam

Summary

The video script provides an in-depth review of the Treasure NFT platform, a service claiming to facilitate the buying and selling of non-fungible tokens (NFTs) through an automated system. Despite being operational for about a year with a modest following, doubts are raised about its credibility and legitimacy. The script highlights several red flags, including the lack of transparency in ownership, questionable claims of automated profit generation, and suspicious marketing tactics. Comparing it with established NFT platforms and noting the absence of critical website elements such as terms of service, the script ultimately deems Treasure NFT a potential scam and advises caution.

Takeaways

• 🚫 The speaker believes TreasureNFT is a total scam and not a legitimate platform for investing in NFTs.
• 🕵️ The site lacks essential information like terms of service, privacy policy, and contact details, raising transparency concerns.
• ⚠️ Claims of an 'automated system' that sets NFT prices and guarantees steady profits are deemed unrealistic and misleading.
• 🌐 The site's poorly developed nature, with non-functional links and copied images, raises doubts about its authenticity.
• 🙍 The supposed executive team members' online presence and credentials appear dubious or fabricated.
• 💰 The platform's business model, offering high daily rewards and bonuses for referrals, resembles a multi-level marketing scheme.
• 🔍 Attempts to verify the platform's legitimacy through third-party sources yielded limited or questionable information.
• 🏦 The platform's registration details are private, obscuring the identities of its owners or operators.
• 📉 The low subscriber count on the platform's Telegram channel despite being active for a year suggests a lack of genuine user interest.
• 💸 The speaker strongly advises withdrawing any invested funds from TreasureNFT due to the overwhelming evidence of it being a scam.

Q & A

What is Treasure NFT and what does it claim to offer?

Treasure NFT claims to be a platform that facilitates buying, selling, and trading of non-fungible tokens (NFTs). It claims to have a unique automated system that sets prices and maintains a steady flow of buying and selling NFTs.

Why does the author question the legitimacy of Treasure NFT?

The author raises several concerns about Treasure NFT, including the lack of transparency, missing legal documents, questionable claims about their automated pricing system, and the use of modified or fake NFT images from other projects.

What issues does the author find with Treasure NFT's website?

The author notes that Treasure NFT's website lacks essential information like terms of service, community guidelines, and privacy policies. Additionally, some links and functionalities on the website are non-functional or broken.

How does the author evaluate Treasure NFT's claims about its automated trading system?

The author questions the legitimacy of Treasure NFT's claims about having an automated system that can set prices and maintain a steady flow of buying and selling. The author argues that in a real NFT marketplace, prices are driven by supply and demand, not artificially set.

What concerns does the author raise about Treasure NFT's alleged team members?

The author finds it difficult to verify the identities and credentials of the alleged team members, such as the CEO and CTO. Their online presence and information seem questionable or non-existent, raising doubts about their authenticity.

How does the author assess Treasure NFT's registration and ownership information?

The author notes that Treasure NFT's registration is done privately, without any identifiable company name or owner information. This lack of transparency raises concerns about the legitimacy of the platform and who is operating it.

What is the author's overall conclusion about Treasure NFT?

The author concludes that Treasure NFT is likely a total scam based on the various red flags and inconsistencies found, including the poorly developed website, lack of transparency, questionable claims, and lack of verifiable information about the team and ownership.

What advice does the author give to potential users or investors of Treasure NFT?

The author advises potential users or investors to withdraw their money from Treasure NFT, as it appears to be an illegitimate platform and not a viable option for investing in NFTs.

How does the author compare Treasure NFT to other legitimate NFT platforms and marketplaces?

The author contrasts Treasure NFT with legitimate NFT platforms and marketplaces like CoinGecko, which provide transparent information about NFT projects, pricing, and trading volumes. Legitimate platforms also have proper legal documentation and clear ownership structures.

What are some of the specific red flags or concerning aspects of Treasure NFT mentioned by the author?

Some of the specific red flags or concerning aspects mentioned by the author include the use of modified or fake NFT images, the lack of legal documentation, non-functional website features, questionable team member information, private registration without identifiable ownership details, and unrealistic claims about automated trading and high returns.