More and more about the cryptocurrency boom. This time a Tiktoker called Dre, launched his own digital currency in the form of a joke. What the young man didn’t expect was that when his currency was launched, it would reach a capitalization of $ 70 million, although it would later drop to $ 2.5 million.
In accordance with ViceDre, whose real name is Andrew Lewisstated that he developed SCAM (which translates as “cheat”) to make fun of others “Shitcoins” or junk cryptocurrencies used to take advantage of people who want to get rich quick.
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SCAM is actually the abbreviation for “Easy cool automatic money”(Cool and Easy Automatic Money). Lewis stated that he doesn’t know how to handle it and that he just created it as a joke, adding that he hopes it will turn out to be something useful to the world.
A turning point in happy events
Lewis comments that it was just meant to poke fun at the other digital currencies that even emerged from a meme. However, he never thought that people would invest in SCAM and that shortly after its launch it would reach a capitalization of $ 70 million, and even create a community called “Scamily” and a 2000-member Discord channel.
Although Lewis’ project is now in an unsafe place as its value has declined. The young man takes the matter much more seriously by submitting a sheet of future plans on his website explaining why cheating isn’t really a scam. Lewis wants to make this cryptocurrency educational.
– Easy. Cool. Automatically. Money. (@SCAMBSC) April 28, 2021