Warning: Investment Scam Alert! Protect Your Finances
Some of you may have encountered his YouTube content or YouTube Shorts at some point, perhaps even stretching back further. This self-proclaimed entrepreneur from Canada operates under the YouTube alias @Levi and the handle @LeviRietveld on X(Formerly Twitter). The reason I'm discussing him is due to recent observations of him promoting products without delivering a reasonable expected results. Instead, he moves on to new ventures with a similar modus operandi.
For those unfamiliar, Levi previously promoted a token within the Shiba Inu Community sometime in 2023 aimed at burning a significant amount of Shib tokens.
This project, Blaze Token, marketed heavily, attracting investors with promises of ongoing token burning.
Blaze Token (BLZE) initially succeeded in burning a substantial amount of Shib tokens(2nd top burner. Total about 11.7Billion Shib!), but eventually, communications ceased, leaving investors in the dark.
Source: SNG_Token
Fast forward to the end of 2023, Levi responding to comments left multiple times regarding his Blaze Token promised to Shib Community. He again publicly claim he is devoted to a new Fire Token project.
Source: @LeviRietveld
Levi launched a new project called Fire Token, following a similar model of token burning. Despite promises of sustainability(Using lowest energy Bitcoin Mining operations and recurring MASSIVE burns(5%), the project's presale period was mentioned in Steps rather than a defined date.
Despite marketing efforts from various content creators(@Asobs, @BleevesCrypto) including Levi himself, updates on the project's progress were scarce.
Levi apologized in one of his YouTube Videos posted on 16th Feb 2024 for the situation claiming he is done and he will pursue his own interest leaving Fire Token in limbo.
Source: Levi
The first and the only burn to date was announced on X via official Fire Token handle. 11million Lunc were sent to the burn wallet address.
Fire Token posted an update regarding vague status of their BTC mining operation.
Investors grew concerned as promised developments failed to materialize.
Source: Fire_Token
Then, Levi posted on his X of his sale of all his Lunc holdings.
Source: @LeviRietveld
The above article is based on my personal observations with Lunc and the cryptocurrency space, serving as a cautionary tale for potential investors to conduct thorough research before engaging with Levi's projects.
As the saying goes, "Fool me once, shame on you; fool me twice, shame on me." With Levi repeating this pattern twice, it's essential for investors to exercise caution and avoid potential losses in future endeavors.
Cheers
References:
Blaze Token
Official Website: https://www.blazetoken.io
Whitepaper: https://www.blazetoken.io/documents
Telegram: https://t.me/Blaze_Token
Fire Token
Official Website: firetoken.net
