Let me talk about the conclusion first: ZkTsunami (:ZKT:) team are blockchain scammers. They’re a bunch of seasoned liars. They have everything but actual applications and code.
1. Praise first, restrain later
They are good at marketing. From a very small market value at the very beginning to around 10M+. A lot of kols propagate this coin. Like James Bull, Eric Cryptoman, VenusQueen,etc. For what? The team claimed that: ” this is the first privacy token on ERC20”, “used state-of-the-art privacy protocols”,”Compared with other competitors, they have enough advantages”. crazy! “really a good product!” but the fact?
2. Liars will eventually be exposed
So far, many KOLs and retail investors have realized that this team is not pure. It is typical to have a twitter account who tweets out details about the ZKT scam (https://twitter.com/AbstractStag). This guy is fighting against the zkt team. Awesome!
3. Evidence speaks louder than words
Let’s summarize the evidence that zkt is a scam.If you have proof that they are not liars, provide it!
Evidence 1, The contract code.
Check for this (https://etherscan.io/address/0x76fcA1adb104770B38581B64d55e67fA5A0f3966#code). This code template is ubiquitous and used by many coins. Without exception, the zkt team used this code and only changed the contract name. This contract has a blocking function, Trading Suspension Function. They hasn’t renounceOwnership and they will not. They may quibble that they have additional use. But why have a blacklist function? Lol, the code is plagiarized from others, not written by himself.
Evidence 2, dev linked wallet dumped all the way.
Check all the dev transfered wallets.(https://etherscan.io/token/0x76fca1adb104770b38581b64d55e67fa5a0f3966?a=0xa251b2e98095a5030acb225418f35d7f14272c0a)
You may said that the $zkt are transfered to many kols, but the team wallets is majority.
Evidence 3, concept rather than application.
They’ve been presenting their ideas. To be honest, they may really understand some privacy agreements, but what they deliver is just some superficial stuff like ui. Is there anything else? Sure, there is also plagiarized github code. They promised to publish the contract test code on github. Then what did they do? They uploaded a plagiarized piece of public code for people to check.
Zkt github code: https://github.com/zktsunami/contracts
Copied github code: https://github.com/suterusu-team/suterusu-protocol-public/tree/d1cdec4f19e6f554b0bea5d52452e911adf8b780/contracts
Check that, they only renamed files lol. And they claimed that it’s their code and let people to check! ???? what?
Their statement on this scam: “This is our public GitHub repo for people to see,it obviously doesn’t include our encryption library as there will be clones out immediately if we public it”
What the hell! First of all, this is not your code, this is what you copied. Your explanation is not convincing! You only said why you don’t put the code of the privacy agreement part, but you didn’t explain why you completely copied someone else’s code and made it public for PEOPLE to check? what can we check? What’s the meaning of this releasing code? You only think about how to falsely advertise.
So, buying $zkt equals losing money.
Spread it and let more people know.
And what we will do next? We will expose more scams and publish coins on the blockchain.
This is a coin named $zk0.
