Is Treasure NFT Legitimate or a Scam? Find Out Whether It’s Worth Investing In.
NFT’s have seen a surge in popularity since 2022, with people selling digital collectibles and trading them for real money. Creators can earn off NFT fees, and there is a chance to re-sell rare items. A platform named “Treasure NFT” aims to delve deeper into this topic, but is it legitimate? Experts from Traders Union have scrutinized the platform and compiled all feedback in one place.
What Is the Treasure NFT Investment Platform?
Let’s make it simple to determine if Treasure NFT is real or fake: they claim to offer a 600% return on investment within a lock-up period of 150 days, which is not feasible. The creators explain this by suggesting the use of AI algorithms to identify profitable deals in the NFT market, purchase them at advantageous prices, bundle them together, and generate 600% profits.
Here’s how Treasure NFT claims to achieve a 600% ROI:
● All NFT trades are pooled together, which is not possible as each trade is unique;
● These trade pools are shared among all network participants, although the specific network is not mentioned;
● Each trade is executed through matching buyers and sellers simultaneously, using deals in the pool, which necessitates an order-matching engine;
● Allegedly, you profit from commissions;
● To maintain legitimacy, they display NFTs on the main website, even though these knockoff NFTs lack value and are created by unknown third parties.
Here’s how legitimate Web3 platforms function:
● Login with Metamask, Phantom Wallet, Tronlink, etc.;
● Confirm transactions in your wallet each time you buy something;
● When you buy an NFT, you own it;
● No Web3 platform requests deposits as they utilize your wallet for trading;
If you have invested in Treasure NFT, it is advised to request withdrawals immediately.
What Red Flags does Treasure NFT exhibit?
The platform promises unrealistically high returns, lacks transparency on where profits come from, encourages large deposits, offers referral programs with high returns, and does not follow standard industry practices for NFT transactions.
These are indicators that Treasure NFT may not be a legitimate platform.
It is recommended to exercise caution and conduct thorough research before engaging with any investment platform, especially in the NFT market.
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