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Ripple’s Chief Technology Officer (CTO), David Schwartz responded to a tweet by a crypto enthusiast, calling the BEN Coin project a 100% rig bridge. Schwartz asked the poster why he believed this but still stated his reservations about the new crypto project.
There are so many crypto coins are launched in the market daily. However, scam projects and rag pulls also dupe customers into investing.
Rag Pull is a crypto scam where the project founder suddenly withdraws the project’s liquidity, disappearing with investor funds. This leads to a massive fall in prices and losses to investors.
David Schwartz expressed reservations about Ben Coen
A crypto enthusiast believes that the Ben Coin project was a 100% Rag Pull, Responding to the tweet, Schwartz asked the user whether he believed that rug pulls would happen in the future or if BitBoy’s involvement in the project was a rug pull. Schwartz further concluded that he believes in one of those scenarios.
Do you mean the rug will be pulled in the future? Or do you mean that bitboy joining the team is a rug pull in itself? Because I definitely agree with one of them.
— David “JoelKatz” Schwartz (@JoelKatz) May 10, 2023
However, popular crypto influencer Ben Armstrong, “Bitboy”, response to these allegations Stating that they are the product of ignorance and hatred.
he forward Explained Participating in projects that impact over 99% of the community, he is a force to be reckoned with in the crypto space. Also, he told that more than 40 people are employed in his company.
According to Armstrong, he has produced two videos daily for the past five years, which is a testament to his commitment to educating the crypto community.
BitBoy asked the crypto community to stop believing in memes that can create a negative impression.
me too one more tweetArmstrong informed his followers that he was taking over the Ben Coin Project. He also agreed with @eth_ben, a Twitter user, that the liquidity and assets of BEN Coin will be transferred to him in a week.
Notably, BitBoy previously stated that the coin was launched to serve as a governance token for its DAO. Also, BEN token launched and traded two days ago bitboy announced Its existence
How is Ben Token doing today?
The coin is gaining massive traction on the charts today as the bulls control the current scenario. This indicates a movement in the asset’s price in the bullish direction.
Although BAN is relatively new, it has made several higher highs and lower lows on the price charts as market forces act on its price.
– Featured Image: Pexels, Chart: TradingView
