Spongetoken.vip exhibits multiple red flags that evident it is a fake website. Are you considering signing up to Spongetoken.vip? DON’T do that yet. Once you deposit your money, you will neither get your money back nor make any profit.
In this computer age, cryptocurrencies like Spongetoken.vip have gained widespread popularity and value. Hence, crypto platforms are fast increasing and scammers are taking advantage of the opportunity to scam people. They set up fraudulent websites, copy contents and images from legit cryptocurrency platforms so as to lure people into investing.
Sadly, anybody that falls for the scam and makes deposit ends up loosing money. Spongetoken.vip is one of those malicious websites.
This article explains the details about this Spongetoken.vip website and why users and scam detectors flagged it fraudulent.
What Is Spongetoken.vip All About:
Spongetoken.vip is a platform that claims once you buy and stake $SPONGE, you will start earning rewards. It claims to be a golden opportunity for people to buy and sell crypto currencies ranging from Bitcoin Ethereum, Ripple, Litecoin etc.
According to the official website, Bintcx claims that entrepreneurs like Elon Musk, Warren Buffett, MrBeast, Jeff Bezos, and Bill Gates endorsed it.
It also claims to be the crypto exchange platform that makes digital currency operations easy and affordable for everyone. Also, you can store and manage your digital assets using the most secure, compliant, and user-friendly custody solution on the market.
Moreover, this scam crypto website runs multi-channel campaigns on social media platforms like TikTok, Facebook, Instagram, and via email spam to advertise these fake celebrity partnerships and cryptocurrency rewards in order to make people believe they are legitimate.
What To Do To Earn The Alleged Money From Spongetoken.vip
Below are the following false ways to make money on Spongetoken.vip
- First of all, you have to register. Follow step by step and sign in
- Start trading. You can trade with any cryptocurrency of your choice.
- Use promo code to increase your income,
- Finally, you start earning money from the platform
Sounds interesting right? Don’t be deceived! In reality, you won’t make any money after following those stipulated means.
Specifications Of Spongetoken.vip Website
Red Flags Of Spongetoken.vip Website
Spongetoken.vip Was Recently Registered
According to Who.is (a domain checker) the website was recently registered on 1st February 2024 and expires on 1st February 2025. Meaning that the website was just created few weeks ago. It is not even up to six months old. And it evident that the website has a very short lifespan and can be disposed easily.
False Claims
The scammers behind Spongetoken.vip claims it is endorsed by some celebrities- Elon Musk, Warren Buffett, MrBeast, Jeff Bezos, and Bill Gates. Also, it runs multi-channel campaigns on platforms like TikTok, Facebook, Instagram, and via email spam to advertise these fake celebrity partnerships and cryptocurrency rewards.
No Contact Us Info
There is no information to contact the people behind Spongetoken.vip website. There is no address, email or phone number provided. How then can you contact them if anything should go wrong. It’s very risky.
No Social Media Presence
Spongetoken.vip failed to provide links to their social media pages. It is obvious that they are scared of being exposed by the social media authorities.
Is Spongetoken.vip A Scam?
Yes, it is a scam. Having seen the above analysis, Spongetoken.vip is a viral website designed by scammers to lure and defraud unsuspecting individual. Investors should not try to trade on it. The claims to be the fastest growing global cryptocurrency exchange – with the lowest fees around is false. However, it has been flagged fraudulent by users and many scam detectors.
See what a user has to say-
In other words, buying these sponge coins is the equivilent of throwing your money away.
In fact, not even Dogecoin or Shiba Inu reached the 1$ value, what makes you think that a coin that was launched in May of last year is going to do better.
Don’t do it.
Don’t be carried away. Just like cashjob, Maxebitex and Nevexet that we reviewed earlier, you will not make any profit rather you will be defrauded.
Tips To Know Fake Crypto Trading Websites:
- The website promises of guaranteed returns.
- You cannot withdraw your money or they want you to pay more to get your money back.
- They use new domain names
- There are tons of negative reviews online about it
Ways To Protect Yourself From Being Scammed
- Analyze Celebrity Endorsements. Don’t just believe a website is real because it mentioned celebrities or public figures as its sponsor. Scammers often fabricate endorsements to gain credibility.
- Ignore Urgency. Most times, these scam crypto site like Spongetoken.vip use urgency as tactic to make investors to fall for them and make deposits. Legitimate investments offer time for research and consideration.
- Search for Reviews and Feedback. Look for independent reviews and feedback from fellow traders. Scammers may create fake positive reviews, Some go to the extent of paying bloggers for sponsored posts
- Question the too good to be true Promises. Be skeptical of offers promising unrealistically high returns or guaranteed profits. If an investment opportunity seems too good to be true, it likely is.
- Verify Regulation and Licensing. Check the authenticity of the platform or service. Check if it is regulated and licensed by relevant authorities. Scammers often operate without proper authorization.
Conclusion
Spongetoken.vip is a scam crypto site that is ripping people off their money. Once you deposit your money there, You won’t get it back. Don’t believe their fake promises. It is malicious site designed by scammers to steal people’s money.
