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A sex project to make money appeared, suspected of fraud

The project has many unusual signs such as following the previous name, the anonymous team, the route is not according to the announcement.

Recently, on the cryptocurrency investor community in Vietnam, the image of a new blockchain project called Sexn has spread. The team advertises this as a “web 3.0 sex” model, “making love for money”.

However, many of the project’s components were copied from Stepn, the previous successful move-to-earn model. In addition, the way Sexn operates and the operation team has many unusual points.

A sex project to make money appeared, suspected of fraud-1
The project copies Stepn’s model, no products have been opened for token sale yet

Sexn is designed to bring the two things users love most, money and sex“, the Sexn project introduced itself.

Not only the name inspired Stepn, many other elements of this model also imitate the previous successful project. Instead of campaigning for money, Sexn was edited into making love to make money. The project also uses two governance tokens like Stepn, named SST and SOT.

The Sexn development team also made no secret of their intention to copy Stepn’s recipe for success. “Sexn was inspired by one of the most successful community projects, Stepn”, information is mentioned on the official website of the project.

However, on the criteria to evaluate a cryptocurrency project, Sexn has many unusual signs. First, the team that develops this project is completely anonymous, with no information about previous work experience at any company or project.

At the same time, Sexn announced the initial issuance of tokens on the Pinksale platform on May 6. However, to date, none of the project’s products have been provided, including a smartphone application to track movement criteria and a wearable device.

Unlike Stepn, Sexn does not have a team behind and a reputable partner. On the website, the team mentioned PancakeSwap, BSCScan, Binance, PinkSale.

However, PancakeSwap is a decentralized trading platform where anyone can list tokens. PinkSale is a little-known token sale open protocol. Meanwhile, Binance is only mentioned in general, most likely just BNB Chain, the application building block chain, not a cryptocurrency exchange.

At the same time, Sexn is audited by Safu, an unknown company in the blockchain field. In addition, on the project’s website, the team has a link available to access the messaging group for Vietnamese users.

According to reviews from ScamAdviserthe project’s official website is rated as low trust, there is a risk of fraud.

After our review, we found many other websites that share the same server as this one cheat. These objects tend to set up many malicious websites on the same server“, ScamAdviser commented.

Before Sexn, Sleepn, a website that introduced sleeping patterns to make money used to get attention. However, this is an April Fool’s joke.

According to Zing

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