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Duo Nine ⚑ YCC Profile picture
@DU09BTC
Jun 6, 2022 β€’ 19 tweets β€’ 11 min read β€’ Read on X
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1/ I received a lot of requests to look into #Freeway.

It promises 43% yield/year. πŸ€”

After Anchor crashed, many of you are eager to lose your money again. I have to oblige & warn you again!

"Is it safe? Should I send them all my money?"

Time to find out.

An exposΓ© thread πŸ‘‡ Image
2/ What is Freeway?

A rebrand of AuBit, founded in 2017.

They started the old fashion way in TradFi & then realized crypto is the new ball game.

Enter Sadie, a new fresh face with experience in crypto (the "CEO").

Spot anything suspicious? πŸ‘‡ Image
3/ Their whole team is made of old hats with a lot of TradFi experience turned into "crypto experts".

Sadie is just the new face of the rebranded AuBit now called Freeway. She's after your cash & she's excellent at marketing.

So what is going on here, really? πŸ‘‡ Image
4/ If you check Twitter & other social media you will see A TON of promotions about Freeway.

All these "influencers" are making a profit via commissions. You refer more people and you get more yield/year.

Starts to sound like multilevel marketing, right Sadie? πŸ‘‡
5/ Check this dude out, he made a 20-tweet promo thread about Freeway.

In the process, he inserted his referral code four times, but calls his research "objective".

If you sub to Freeway socials you can boost your yield by up to 10%! 🀣

So where is the cash coming from?! πŸ‘‡ Image
6/ Introducing SUPERCHARGERS or "simulations"!

You give Freeway your #Bitcoin/cash & in exchange, you receive worthless tokens that simulate prices! Seriously, check their site! 😲

Your rewards are in the same worthless tokens.

Do I need to remind you of Luna & UST?

Next πŸ‘‡ ImageImage
7/ In effect, they take your deposits & use them as collateral to max their leverage & do whatever (trade/invest).

Freeway is regulated, so they can't really play with your money, but they can use your money as... collateral!

Yay, free money machine again!

But there is more πŸ‘‡ Image
8/ Remember Luna unbonding time of 21 days? That rekt many during the May crash to 0.

They COULD NOT sell or liquidate their tokens.

Freeway calls it "notice period". 🀣

Plus you get more rewards if you go for 30 days lock! lol

Juicy stuff ahead πŸ‘‡ Image
9/ If you stake Freeway tokens or #FWT you get even more yield!

Wait, FWT token? Of course, I mean they need to maximize their game.

Launched in 2021, it pumped & dumped at least 6 times.

Those old TradFi team members sure know their game.

What or WHO pays the yield? πŸ‘‡ Image
10/ If you don't know, the source is likely YOU! πŸ˜…

There is no proof of funds/trading success/cash flow.

If they run out of liquidity, surprise!

Your SUPERCHARGER tokens are worthless + they can stop paying you overnight (tweet #6).

"But is it safe? Sorry, I am a degen." πŸ‘‡ Image
11/ That dude in tweet #5 says they have $150 mil in Assets Under Management (AUM) & can pay the yield until $250 mil AUM.

AUM = your money

This sounds a lot like Anchor's yield reserve discussions... you know how that ended.

Next πŸ‘‡

12/ They are likely using Freeway as a front cover to raise a lot of cash by promising unrealistic returns.

Then they use said cash for their own "legacy business" as collateral.

They also farm their users for marketing (via referrals) & via the #FWT token.

My assessment πŸ‘‡ Image
13/ Crypto is a new source of money for them & they mint worthless tokens in exchange.

These are totally UNREGULATED. Check their terms (pics)

1️⃣ Tokens = worth 0
2️⃣ Staked tokens = you don't own them
3️⃣ You can't sue them
4️⃣ You waive all rights

Can this thing crash to 0? πŸ‘‡ ImageImageImage
14/ If they leverage too much or they become bankrupt, yes.

Look at #Terra/ #Luna / #UST. $50 bil, GONE!

Remember, your money/deposit is probably collateral to someone else. You will NOT have priority.

You will be left holding the bag.

Next πŸ‘‡

15/ Will it crash to 0? Hard to say.

If you check their team, they look quite "professional" with experience in Cayman Islands & Seychelles (EU black listed tax havens). πŸ˜‚

This is an old wolf with new clothes, name & face.

Do you still want to invest in this now? πŸ‘‡ Image
16/ Always do your due diligence!

Check my Terra / Luna threads linked below as you will spot some parallels.

+ STOP falling for "influencers" telling you how great this yield is... it's a TRAP. Google multilevel marketing.

Also πŸ‘‡

evernote.com/shard/s349/cli…
17/ Read my #USDD thread and stablecoin guide to stay safe in this market.

+ AVOID inflationary tokens like #FWT. That is a NO GO in a bear market.

Lastly πŸ‘‡

18/ If you liked this thread, #retweet the first post to get more of this content in the future! 😍

Stay in touch + follow @DU09BTC:

Discord: bit.ly/3n2gng0
TradingView: bit.ly/3FUjwHj
YouTube: bit.ly/3p8vPdf
Newsletter: bit.ly/3BuXf13
Please retweet my opening post. Thank you!

β€’ β€’ β€’

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γ€€

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More from @DU09BTC

Duo Nine ⚑ YCC Profile picture
Nov 16
How to find the top in this cycle. A thread.

When you see these 10 signals flashing, it's time to bail. Signal 9 will tell you when to sell altcoins.

Bookmark this thread! Let's go. 1/12 🧡 Image
2/ Signal 1: Terminal Price

Bitcoin price hits the red line? Sell hard.

Current terminal price is 170k.

This accounts for the movement of Bitcoin on-chain. @_Checkmatey_ invented this indicator. Image
3/ Signal 2: Stock-to-Flow Model

Start selling whenever the price moves above the stock/flow line.

That's above 150k today. Will be 200k later.

Either way, early 2025 looks like a prime period to sell. Image
Read 12 tweets
Duo Nine ⚑ YCC Profile picture
Oct 27
Bitcoin is in trouble.

If nothing changes soon, things won’t be pretty.

I’m not talking about the halving schedule or block rewards, it’s much more serious than that.

A thread 1/17 🧡 Image
2/ As Bitcoin goes mainstream, fees to transact on its network will replace block rewards.

This will be gradual and take place over decades. However, a new problem is starting to emerge.

It was harder to predict this, but now it’s here. Image
3/ The first incentive is to buy and hold Bitcoin. Nothing new so far.

However, we now have a bigger incentive. It has to do with you NOT using the real Bitcoin.

Intrigued?

Let’s look at the facts next and follow @DU09BTC before we continue.
Read 17 tweets
Duo Nine ⚑ YCC Profile picture
Oct 11
If you hold Ethereum, you are in trouble.

Uniswap, an ETH dApp generating $500 mil / year in fees, just created its own L2. Now, those fees are reduced by 100x and go into Uniswap pocket.

Multiply this by 100x with other dApps and ETH's price will go to zero. A thread 1/12 🧡
2/ The reason Ethereum has value is because of its fees that generate demand for its native token.

At the time of this post, it costs over $10 for a simple token swap.

ETH is on borrowed time as users are rightfully ditching this expensive chain. Who's to blame? Image
3/ Vitalik and his team.

They decided to scale Ethereum via L2s, but in the process they are losing their users. A bit ironic considering L2s were meant to fix ETH's scaling problem.

As L2s proliferate and users move out, Ethereum faces an even bigger problem. Image
Read 12 tweets
Duo Nine ⚑ YCC Profile picture
Oct 5
It took me 10 years in crypto to learn this - PART 3!

I'm offering you a shortcut so you don't have to wait that long.

The cycles repeat, but they are not the same.

Here's Part 3. A thread. (1/11) 🧡 Image
2/ Since I started in 2014, I made many mistakes, but nothing compares to this one.

Buying altcoins.

But what did I know back then? Nothing. If you're new to crypto, learn from this thread.

What's my lost profit over the years thanks to alts?
3/ Over $1 million had I put that money in BTC and held. There is a reason I say this.

Altcoins are a losers game over time.

Bitcoin is a winners game over time.

Which game do you want to play? My next point will help sway you in the right direction.
Read 11 tweets
Duo Nine ⚑ YCC Profile picture
Oct 1
Last night I was the victim of one of the most complex social engineering scams I've ever seen impersonating @paraficapital staff.

If you're in crypto, you are a target.

This thread will show you how they did it and if they succeeded. Time to find out - 1/15 🧡 Image
2/ If you have any following they will target you. Their account will look spotless, clean text + X verified.

Ryan is a Principal of a billion dollar crypto company and sends you a DM on X, then he moves you to TG.

Your first priority is to confirm credentials. How? Image
3/ Ask a DM from their company X account or to send you an email using their official domain name.

Ryan was frustrated with my request, so he told me I need to do proper DD and see he's followed by almost all his Parafi team.

Instant red flag, but I decided to play ball. Image
Read 15 tweets
Duo Nine ⚑ YCC Profile picture
Sep 29
It took me 10 years in crypto to learn this - PART 2!

I'm offering you a shortcut so you don't have to wait that long.

The cycles repeat, but they are not the same.

Here's Part 2. A thread. (1/12) 🧡 Image
2/ Altcoins are highly extractive.

VCs print tokens from thin air with a cost basis of ZERO.

When there is any demand for their token, they sell and absorb that demand. This is how they take your money, legally.

This is also why your blue chip alt didn't make a new ATH. Image
3/ VCs don't care about their token price!

As long as there is any retail demand, they can sell into it at a profit. That includes tokens down by 90% to 99%.

Remember, their cost base is ZERO! While retail waits for new highs or buys "discounts", VCs laugh at you. See XRP. Image
Read 12 tweets

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