What Is Scambook Token (SBT)?

Scambook Token (SBT) is a coin run by the website Scambook, a community that discusses scams and targets celebrities and publications. Let's take a close look at the token and its authenticity.

Website:

The token does not have a website which is the first thing an investor would notice. They advertise and sell tokens on the same community website. Surprisingly, the website mentions that the money they receive from advertisements will be used to invest in the token.

Incorporation, Contact Details, and Address

Secondly, their contact details mention two emails with no physical address. Even in the Privacy Policy, there are no details to connect. It has a contact form that is being used to send communication to the team. There are no registered address or incorporation details of the firm. 

Management Team

There is no management team on the website. The website does not have a CEO, CTO or any developer. A fake identity name on Twitter (@edawgii) without an image and real identity impersonating the founder of the token is mentioned.

The website has a Twitter handle with paid /fake followers is promoting the token through defaming articles. Mostly top publications and celebrities are named.

No Real Use Case and Partnerships

The token does not have real use cases and/or partnerships. There are no major events or big planned features to release. Additionally, there is no roadmap or vision for the token.

Collaterals

The whitepaper added to the website is copy-pasted content. The whitepaper is mentioned in a link, unlike professional white paper in pdf format. A whitepaper is the founding document for any cryptocurrency or initial coin offering (ICO) and is one of the most crucial factors in a currency's success. It outlines potential investors should be able to learn about the company's history, objectives, and the technical specifications, goals, and proposed timelines of the coin itself.

Marketing Campaigns

Marketing plays a big part in the cryptocurrency industry. It's how developers spread the word about their new projects, attract interest and secure investors. The website's strategy of marketing is to defame celebrities and publications. Their campaigns are mostly centered on Twitter and Reddit through threats and articles with paid followers promoting them.

Audits and Trading

There are no audit reports or KYC documents on the website. The token is only traded on a couple of decentralized exchanges (dex), which again raises a flag. It is not traded in popular exchanges such as WazirX, CoinDCX, and CoinSwitch Kuber, as they perform their due diligence strictly.