- MuskSwap protocol launches SpaceX token, with a DEX and an NFT platform in the future
- Elon Musk has no connection to the project
- The SpaceX launch smells fishy, considering several red flags
YEREVAN (CoinChapter.com) – Decentralized swap protocol MuskSwap announced the release of its new SpaceX token, calling it one of the ecosystem’s “hottest projects.” The announcement claimed that the project originated from the team’s desire to back SpaceX, the U.S.-based aerospace manufacturer, led by Elon Musk.
According to the team, the SpaceX ecosystem strives to become a “competitor” for major platforms in the market, such as Ethereum and Binance Smart Chain. A bold claim indeed, considering the legitimacy of the project is in question.
Muskswap’s SPACEX is developing its own system of products such as Exchange, NFT, etc. This will be an extremely solid stepping stone to complement Musk’s Ecosystem which also includes $MUSK, $TESLA, STARLINK.said the official website.
Is SpaceX token a scam?
Notably, all the token names mentioned above are in connection to Elon Musk’s name and his companies. However, they have nothing to do with the man himself. The billionaire entrepreneur has not mentioned Spacex token or even tweeted back to the persistent tags.
Using Elon Musk’s name as a way of showing appreciation has become popular in the cryptoverse. As a result, projects with names such as Doge SpaceX and Shiba Elon emerge on the market, having no direct connection with the entrepreneur.
Moreover, MuskSwap’s whitepaper was unavailable online, which could be a red flag for investors. Even though MuskSwap calls the Spacex coin one of the “most expected” arrivals, the legitimacy of the Protocol and, by extension, its project is questionable.
Additionally, several users accused MuskSwap of locking their funds.