- $35 million collected from Chinese investors by Antimatter Kingdom
- CXC whitepaper is “literary equivalent of a slurry pit”
- 122-page whitepaper reveals nothing about the project except empty platitudes and falsehoods
Antimatter Kingdom has been identified as the next great Chinese crypto scam, collecting $35 million in investments so far from unassuming individuals, but one look through the project’s whitepaper makes it clear that this is the most audacious attempt at scamming the crypto world has yet seen. We examine the whitepaper associated with the blockchain that Antimatter Kingdom claims to use and find a scam so bad it’s actually brilliant.
Introducing CXC
There is so much to unpack with Antimatter Kingdom that it’s hard to know where to start. The project has two websites, one dedicated to Antimatter Kingdom itself and one dedicated to the blockchain on which the project will allegedly run, CXC. We decided to start with CXC, the brains behind the operation, and see if we could work out why so many Chinese had willingly handed over their Bitcoin.
The first thing you see on the CXC website (which, by the way, stands for Capital Cell Fission Blockchain), is an image of what looks like a blob of swirling space dough and a description of the blockchain as the “civilized fire of discrete universe”:
To add to the intrigue, CXC not only claims to have the ability to “compete with the cruel cosmic entropy law” but also to contribute to make the “development of commercial civilization lasting and orderly”.
Things don’t get any better, or clearer, underneath, where we find out who is behind CXC and Antimatter Kingdom:
A geek group of multinational science and technology finance experts is creating a more advanced, scientific and fair asset creation and redistribution system.
Confused? Just wait.
Continuing on, we see that CXC has a “future-orientated ecological layout”, which of course every blockchain needs, and “advanced underlying technology support” to enable a “global power sharing plan for 5G era”:
At this point we still have no idea what CXC actually does, but we are given hope when we learn right at the bottom of the homepage about “decentralized cross-chain trading”, which the site claims is the “key to realizing value internet”. So is it an exchange? Who knows.
The entire website is a masterclass in poor design, and was clearly created by a design student who has watched too much Battlestar Galactica and has been given full access to the internet’s biggest graphics and fonts library. He has used all of them, and not sparingly. It’s clear that this company doesn’t give a shit about it’s branding.
The CXC Whitepaper…
Turning to the CXC whitepaper, a 4MB document that takes a good 30 seconds to download from their creakingly slow servers, things go from bad to much, much worse. We are met with a host of meaningless platitudes such as “inclusive greatness is a goal, even more so, a duty”, “blockchain is the flower of God”, and “CXC is spreading fire for the benefit of civilization”.
Glossing over the fact that spreading fire around the world is going to be the opposite of a benefit to civilization, it quickly becomes apparent that the whitepaper, which runs to a staggering 122 pages, has one express goal – to overwhelm and confuse the reader into thinking they are investing in something profound and monumental rather than being simply a 14,000 word crock of utter bullshit.
99% of the whitepaper is made up of the literary equivalent of a slurry pit. It is full of meaningless, empty phrases and technical jargon that doesn’t stand up to a second’s worth of scrutiny or have any basis in reality or fact.
Talk of “a sustainable public chain”, of “fission growth of market”, and of “allowing the algorithm to take over humanity” is beyond anything we have ever seen from even the most obvious crypto scams, and those all crop up by page 10 of the whitepaper. There are two whole sections under ‘Vision’ called ‘Civilization Kindling the Discrete Universe’ and ‘Prometheus the Fire Bearer’. Give us strength.
Eventually, after pages of rubbish about saving humanity and “fast fission” on the CXC blockchain, we get a glimpse of what the blockchain might actually be for. There is something about cross chain atomic swaps, but this is soon swallowed up by more crap about a “great unified blockchain” and, once again, you sink into a swamp of confusion.
Self Awareness or Cruel Joke?
It’s hard to write such a lengthy piece without dropping some humor in there, and the CXC team duly oblige, albeit quite unintentionally. When discussing the origin of the project, the authors of the whitepaper, who incidentally call themselves the ‘CXC Fans Alumni’, state that it is “hard for us to describe the shock and emotion felt when we first saw the CXC concept.”
We have to agree – shock and emotion, many emotions in fact, are indeed what you feel when you realize the CXC concept, that it is nothing more than the most far fetched, ludicrous, and brazen scamming attempt the crypto world has yet seen.
There is also a belter of a line in which the whitepaper describes what the document itself is all about:
…a simple and easy to understand volume, without pretending to be sophisticated or playing any tricks, enabling the wise to grasp the opportunity.
Incredible. Just incredible.
So Bad It’s Good
In CXC, there has never before been a whitepaper that says so much and yet at the same time says absolutely nothing about a project. This is undoubtedly the aim of CXC and Antimatter Kingdom, and in many ways the entire package, the ‘fancy’ website, the grand yet completely implausible promises, and the technical magic that it claims is going on behind the scenes, is so bad, so overblown, that you can’t help but sit back and applaud.
It’s so bad, it’s good – brilliant in fact. The effort that has gone into creating this scam is only matched by the absurdity of the concept of harnessing the power of subatomic particles in the first place, and the only downside is that thousands of people are going to lose lots of money on it.
Antimatter Kingdom and CXC show that there are still a monumental amount of credulous people out there just waiting to get scammed, and that until people take a moment to wise up and educate themselves at least the tiniest amount, scammers will be infesting these waters for decades to come, and getting more brazen with each attempt.
