SCOTTY AI COIN CRYPTO SCAM UPDATE NEWS LEGIT

NET CRYPTO
7 Mar 202410:00

TLDRThe video script discusses the legitimacy of Scotty AI, a cryptocurrency project, and concludes it is a scam. The presenter highlights similarities between Scotty AI and previous scams, such as BTC 20 and XP20, and criticizes the lack of transparency regarding the team behind the project. The script warns viewers about the risks of investing in such projects, especially at late stages, and promotes a log book for tracking pre-sales and identifying scams, emphasizing the importance of due diligence in the crypto space.

Takeaways

  • 🚨 Scotty AI is identified as a scam, similar to previous scams like BTC 20 and XP20.
  • πŸ” The website and template used for Scotty AI resemble those of known scams, raising suspicion.
  • πŸ–ΌοΈ Scotty AI's promotional material includes a narrative about a digital guardian, which is potentially misleading.
  • πŸ“ˆ The project claims to aim for security and trust in the crypto community but lacks transparency regarding the team behind it.
  • πŸ€” The absence of the team's identification (doxing) is highlighted as a red flag for potential investors.
  • πŸ’° The price of one Scotty AI token is currently high, and the pre-sale is nearing completion, which could indicate an imminent scam.
  • ⏰ Past instances of scams show that even if a project is fraudulent, early investors can still profit before the scheme collapses.
  • πŸ“– The presenter mentions the 'Big Brain Crypto Ego Log Book' as a tool for investors to better identify and avoid scams.
  • πŸ“Š Tracking adoption rates and social media following can provide insights into the legitimacy and potential of a crypto project.
  • πŸ”— Uniswap is mentioned as the likely decentralized exchange where Scotty AI might be listed, following a pattern observed with similar scams.

Q & A

  • What is the main topic of the video?

    -The main topic of the video is the evaluation of Scotty AI as a potential scam in the cryptocurrency space.

  • Why is Scotty AI suspected to be a scam?

    -Scotty AI is suspected to be a scam because it shares similarities with previous scams, such as using the same website template and coming from the same group that created BTC 20 and other scams like XP20.

  • What is the current status of Scotty AI's pre-sale?

    -At the time of the video, the pre-sale of Scotty AI is almost at its end, with 98% of the tokens sold.

  • What does the speaker suggest about the future of Scotty AI's social media activity?

    -The speaker suggests that Scotty AI's social media activity, particularly on Twitter, will decrease after the launch, eventually leading to no updates at all.

  • Why is the anonymity of the team a red flag for the speaker?

    -The anonymity of the team is a red flag because they claim to be working on security, fraud detection, and risk mitigation, yet they hide their identities, which raises suspicion about their intentions.

  • What is the speaker's advice regarding investing in Scotty AI?

    -The speaker advises viewers to stay away from investing in Scotty AI, especially at the current stage, and not to increase their investment even if encouraged to do so by the project's promoters.

  • What is the 'Big Brain Crypto Ego Log Book' mentioned in the video?

    -The 'Big Brain Crypto Ego Log Book' is a resource created by the speaker to help investors educate themselves about pre-sales, track tokens, and identify scams, aiming to prevent losses due to fraudulent projects.

  • How does the speaker suggest tracking adoption for a token?

    -The speaker suggests tracking adoption by monitoring the number of followers on social media platforms like Twitter and Telegram, as well as keeping an eye on news from top crypto websites to gauge a token's popularity and potential for growth.

  • What is the significance of listing on Uniswap for Scotty AI?

    -Listing on Uniswap is significant because it is a popular decentralized exchange where many new tokens launch. The speaker believes that scammers prefer to list on Uniswap rather than centralized exchanges to avoid scrutiny and make it easier to exit with profits.

  • What is the speaker's prediction for Scotty AI after its launch?

    -The speaker predicts that Scotty AI will likely be listed on decentralized exchanges like Uniswap and may initially perform well if it gains popularity. However, the ultimate goal of the scammers is to take profits and exit, potentially leaving investors with losses.

Outlines

00:00

🚨 Scotty AI Scam Warning

The paragraph discusses the Scotty AI token, which is identified as a scam. The speaker notes similarities between Scotty AI and previous scams, such as BTC 20 and XP20, and points out that the project appears to be from the same creators. The website template is highlighted as a red flag, and the lack of a transparent team behind the project is criticized. The speaker also discusses the token's pre-sale status and its price, emphasizing that it's a scam and advises against investment. The potential for profit despite the scam is mentioned, drawing a comparison with Pepe tokens. The speaker expresses regret for not warning about the scam sooner and plans to focus on creating more content to educate others.

05:00

πŸ“š The Big Brain Crypto Ego Log Book

The speaker introduces the 'Big Brain Crypto Ego Log Book' as a tool for investors to avoid scams and improve their understanding of pre-sales. The book is presented as a resource to track pre-sales, evaluate legitimacy, and monitor adoption rates. It includes sections for noting the token name, pre-sale dates, scam or legit evaluation, team identification, and LinkedIn verification. The importance of tracking adoption and being aware of AI-generated scam tactics is emphasized. The speaker shares a personal story of an investor who lost a significant amount of money and uses this to highlight the value of the log book. An affiliate link for the log book is provided in the video description, and the speaker reiterates the scam status of Scotty AI, predicting its listing on decentralized exchanges like Uniswap.

Mindmap

Keywords

πŸ’‘Net Crypto

Net Crypto is a platform or show where important information and news about various coins and tokens of interest are shared. In the context of the video, it serves as the setting for the discussion about the legitimacy of Scotty AI, a token being scrutinized for potential scamming.

πŸ’‘Scotty AI

Scotty AI is a token or project in the cryptocurrency space that is being questioned for its legitimacy in the video. It is suspected to be a scam due to similarities with previous scams and the lack of transparency regarding its team.

πŸ’‘Scam

In the context of the video, a scam refers to a fraudulent project or token in the cryptocurrency space that is designed to deceive investors and take their money without providing any real value or product.

πŸ’‘White Paper

A white paper is a document that outlines the purpose, technology, and objectives of a cryptocurrency or blockchain project. In the video, the white paper of Scotty AI is scrutinized for its lack of transparency regarding the team behind the project.

πŸ’‘Price

In the context of the video, 'price' refers to the value of the Scotty AI token during its pre-sale phase. The presenter discusses the price as an indicator of the project's potential to be a scam, noting that the high price and the stage of the pre-sale are suspicious.

πŸ’‘Decentralized Exchange (DEX)

A decentralized exchange (DEX) is a platform that allows for the peer-to-peer trading of cryptocurrencies without a central authority. In the video, the presenter speculates that Scotty AI may only intend to list on a DEX like Uniswap, rather than a centralized exchange, which could be a sign of a scam.

πŸ’‘Adoption

Adoption in the context of the video refers to the rate at which a cryptocurrency or token gains users or followers, indicating its growing popularity and potential for success. The presenter suggests tracking adoption as a way to identify potentially profitable tokens, even if they turn out to be scams.

πŸ’‘Big Brain Crypto Ego Log Book

The 'Big Brain Crypto Ego Log Book' is a resource mentioned in the video that is intended to help investors educate themselves about pre-sales and identify scams in the cryptocurrency space. It provides a framework for tracking and evaluating tokens.

πŸ’‘Red Flags

Red flags in the context of the video are warning signs that indicate potential problems or scams within cryptocurrency projects. The presenter identifies several red flags associated with Scotty AI, such as the lack of a transparent team and the high price during pre-sale.

πŸ’‘Token Launch

A token launch refers to the event when a new cryptocurrency token becomes available for trading on exchanges or decentralized platforms. The video discusses the anticipation of Scotty AI's token launch and the potential for it to be listed on various exchanges.

πŸ’‘Claim

In the context of the video, 'claim' refers to the process by which investors receive their tokens after investing in a pre-sale. The presenter mentions that some scams involve allowing only certain investors to claim their tokens, while blacklisting others, as a way to defraud them.

Highlights

Scotty AI is identified as a scam, similar to previous scams like BTC 20 and XP20.

The scam is designed to take money away from investors, with no real project behind it.

Scotty AI's website and branding resemble those of known scams, raising suspicions about its legitimacy.

The project claims to establish Scotty AI as a trusted figure in the crypto community with AI-powered solutions for security and fraud detection.

The team behind Scotty AI is anonymous, which is a red flag for a project focused on security and fraud detection.

The price of Scotty AI tokens is currently high, and the pre-sale is almost over, indicating a potential imminent scam conclusion.

Despite being a scam, it's theoretically possible for investors to make a profit if the token gains popularity and gets listed on exchanges.

The presenter has been covering scams and aims to warn people about such projects through videos and a logbook.

The Big Brain Crypto Ego Log Book is a tool designed to help investors track and evaluate pre-sales and avoid scams.

The log book includes sections for tracking token adoption, scam or legit evaluation, and other important factors.

Tracking adoption can help investors catch onto potentially explosive tokens early, even if they turn out to be scams.

The presenter expects Scotty AI to be listed on decentralized exchanges like Uniswap, but not on centralized ones.

The presenter warns viewers to stay away from Scotty AI, especially from buying more into it as the launch approaches.

The log book emphasizes the importance of team transparency and presence on professional networks like LinkedIn for legitimacy.

The presenter shares an affiliate link for the Big Brain Crypto Ego Log Book to help investors protect themselves against scams.

The presenter plans to monitor Scotty AI post-launch to understand the scam's progression and outcomes.

The log book serves as a guide for investors to improve their knowledge and decision-making in pre-sales and token evaluations.