The world of NFTs (Non-Fungible Tokens) has been booming, offering a new dimension for digital assets like art, collectibles, and virtual property. However, not all NFT platforms are trustworthy.
One such platform, Treasure NFT, has come under scrutiny as a potential scam. This blog will review Treasure NFT’s claims and website and highlight red flags to be cautious about.
What is Treasure NFT?
Treasure NFT claims to be a platform for buying, selling, and trading NFTs. It promotes an automated system that sets prices and guarantees profits, which is highly unrealistic in the volatile NFT marketplace.
Many users are drawn by the promise of high daily rewards and a bonus referral system, but deeper investigation reveals multiple concerns about its legitimacy.
Treasure NFT’s app is available on google play store. According to SimiliarWeb, there are 397.2K visitors as of September 2024.
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Website Profile
| Website | Treasurenft.xyz |
| Name | Treasure NFT |
| Service | NFT Marketplace, Cryptocurrency |
| Contact Info | [email protected] |
| Address | Not available |
| Domain Registration Date | July 29, 2022 |
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Treasure NFT Review
Treasure NFT’s promises of an automated pricing system and daily returns are a significant red flag in itself, as no legitimate NFT platform can guarantee such profits.
The website lacks essential information such as terms of service, privacy policy, and clear contact details, making it difficult to trust.
Furthermore, the platform’s executive team is unverifiable, and the site shows signs of poor development with broken links and possibly fake NFT images.
Here are some of the red flags of this platform:
- Lack of transparency such as no contact details, privacy policy, or terms of service.
- The unverifiable executive team and fake credentials.
- Unrealistic claims of automated pricing and daily profits.
- Poor website development with broken links and copied images.
- Referral system resembling a multi-level marketing scheme.
- Low engagement and user interest, despite being active for a year.
Based on the evidence gathered Treasure NFT appears to be a scam. Its lack of transparency, fake claims, and poor website structure make it highly suspicious.
Potential users and investors should avoid the platform and withdraw any funds they may have already invested. Always verify the legitimacy of NFT platforms before committing to any investments.
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