Thread by @TechboyAshish

This is How Influencers Make Money by Dumping on You.

A Thread….🧵

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A Crypto Project / NFT Project is Getting Ready to Launch.⚡️🪙

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The #influencer will tell you they are researching good projects that are 10X gems and 100x gems projects.

The project can be some NFT Project, Defi Project, Web3 & Metaverse Project, Gaming Project, etc.

#web3 #Gaming #Metaverse

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They will talk about 1-2 good projects, and at the same time, they will also include this new Crypto Project which is getting ready to launch.

Project is the next #dogecoin #Bitcoin or #Ethereum killer.

Speak about how good their #tokenomics is & the coin market cap.

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Before the launch date, the influencer receives crypto tokens / #NFT. (either free for promotional or in a private sale)

Here is now the real games begin….

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It starts on Twitter, Youtube, Telegram & Newsletter.
#Crypto influencers will tweet about this project,

Retweets project tweets and shares posts related to the token with their followers in their communities.

#CryptoTwitter #community

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Make youtube videos about how good the project is.

Talk about token utilities, future growth of 10x to 100x

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Once the project is live, & crypto tokens are available for the public to buy.

Followers will start buying, thinking they will hold, giving them good returns. And, of course, this crypto project is their favourite influencer Approved.✔️

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Now the influencer starts dumping the crypto in smaller quantities. Use their followers as exit liquidity.

📍Influencer selling - Followers buying.
📍Influencer sells more - Followers buy more.
📍Influencer bag is empty - Followers bag is full.

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Influencer pocket is full of money 💸(Fiat) - Followers have an empty pocket with a massive quantity of hyped crypto tokens.🧐

All the tokens were dumped within a few hours to a few days.

#USDT #FIAT

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The influencer goes 4 to 8 figures and gets 10X to 100x growth, and the follower's portfolio will be up to 70-90% in the loss.📈🔴

These influencers exploit you for their financial gain.💷

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Participating in seed rounds / private sales & sharing projects you genuinely like is completely fine as long as it's done transparently.

Or if it is an #ad / sponsored project and you think the project is good, be transparent.

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Just clearly mention that this is sponsored project and ask followers to do their own research before investing.

Also, share the risk involved in this NFT project or the #cryptocurrency project.

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How do the influencers escape and defend themselves?

They will say 100s things differently and make you buy the hyped crypto tokens or the NFT project.

And they will warn you that #NOT even look like a warning (really good at word playing)

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The followers & supporters are tricked by the number of followers influencers have on their social media and the #verified mark on social handles.

Always remember, the more the no. of followers, the more influencers can make money by promotions and dumping shit coins.
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