Recently, 4JNET has become a heated topic in the token industry, and 61% of its limited-edition NFTs were sold within 1 months, reaching up to 3365BNB. As 4JNET fever continues, lots of swindling gangs make trouble. According to the responsible person of 4JNET, a gang disguised as one of its developers and swindled a victim of USD 100,000 on November 25, 2021.
To our best knowledge, the gang made a fake 4JNET token, sold it on pancakeswap, and then burnt LP to attain an unfair advantage. During this process, this gang sent personal wallet address to the victim through telegram or SNS, cheated the victim into remitting money, and disappeared. Within one hour, the victim lost about USD 100,000.
Developed based on BSC intelligent chain, 4JNET aims to be a truly decentralized project, and is hailed as “Safemoon Plus.” Its core team came from Oracle, Microsoft, IBM, and other international renowned enterprises, and has accumulated lots of technical strength. At present, 4JNET has obtained the MSB license, and its smart contract has been certified by CertiK, an internationally prestigious blockchain security company.
In addition, 4JNET pioneers in introducing the mechanism of decreasing service charges to maintain stable prices. To be specific, 90% of the initial transaction amount will be withheld as the service charge; as transactions increase, the service charge will be gradually decreased up to by 10%, and 6% of them will be distributed to all token holders in the form of tokens; the remaining part will be automatically transferred in the liquidity pool. This unique mechanism lays a foundation for the 4JNET community to take off.
Thanks to its powerful background, 4JNET’s limited-edition NFTs are selling hot. Recently, it was increasingly reported by media, and the community members also exploded, thus attracting the attention of swindling gangs. This, in turn, proves that the 4JNET price will probably soar after being launched on December 1, 2021.
Following this fraud, 4JNET plans to request BSCscan to block the account and refund the money and minimize the losses of the victim. Another responsible person of 4JNET expressed that “4JNET team will try every means to avoid similar events, and restate that the team will not ask the investors to remit money in the name of individuals. We hereby warn that all notices on our official website and official telegraph groups shall prevail.”