Enthusiasts have developed a new token called Fuck Elon Tweet. This was announced in the announcement of the project in the / CryptoMoonShots thread on Reddit.
The token is based on the Binance Smart Chain blockchain. The author of the announcement assures that the brainchild is intended to show contempt for market speculators like Elon Musk. According to the description of the smart contract, there will be up to 1 billion FUCKELONTWEET coins in circulation. More than 1,650 addresses have already become hodlers of the new token.
Source: bscscan.com
Many commentators in the thread were inspired by the idea of ​​a new token, but some suspected the project of a potential exit scam. For example, as users have found out, only a few wallets hold about 10% of all tokens. At the time of this writing, the cost of 1 FUCKELONTWEET token is 0.000141934 USDT.
Source: pancakeswap.finance
The announcement also states that 100% of the liquidity is secured and recorded in the protocol, however, users doubt that this will prevent fraudsters from withdrawing users’ money. Moreover, at the time of this writing, the page of the author of the announcement was blocked by the Reddit administration.
The new token appeared after Elon Musk announced Tesla’s refusal to accept Bitcoin payments for electric vehicles
According to Musk, Tesla is concerned about the negative impact of bitcoin on the environment. However, Musk said that the company is not going to get rid of its cryptocurrency assets. Moreover, he promised that Tesla will resume payments in bitcoin “as soon as the mining industry moves to more sustainable sources of energy.”
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