China is back with a brand new Bitcoin scam, with investors flocking to hand over their bitcoin to a project that has literally come from outer space. Antimatter Kingdom, which appeared at the start of April, has managed to trick thousands of investors into handing over more than $35 million for a project that includes “BTC soul mining” and promises “high-quality digital currency value rise”. A little light digging reveals a project so terrible in its premise and execution that it’s almost breathtaking.
Antimatter Kingdom – the “Supernode Mining Platform”
Antimatter Kingdom purports to be “a supernode mining platform”, whatever that might be, and includes a four-step process to achieve it – BTC soul mining, CXC obliteration mining, AK stepless mining, and bit collision. Nope, us neither.
In a series of whitepapers and graphics that are spilling over with huge promises, grand yet unspecified sweeping statements, and matchless hyperbole, the project that calls itself “the evolutionary cornerstone of the blockchain industry” has at its core the harnessing of the power of antimatter – sub-atomic particles that have properties opposite those of normal matter. This is the stuff created at the CERN laboratory for research on the so-called ‘God particle’ – you don’t just go into your garden and dig it up.
Antimatter Kingdom don’t explain how they plan to harness the potentially explosive power of antimatter, but they do say that investing in their platform right now is like buying Bitcoin in 2008 and Ethereum in 2015. Of course it is.
Over $35 Million Handed Over to Date
Still, the promise of riches, the wonder of antimatter, and the potential of the Capital Cell Fusion Blockchain (CXC) on which the platform will allegedly run has been enough to convince investors to invest over ₿5,000 ($35 million) in the scheme:
was about to post this it’s getting decent popularity in Aisa
over 4000 BTC has been consumed, over 18k BTC has locked up for “soul mining” basically it’s an airdrop based on your BTC balance
Usually Ponzi gets started when BTC price is relatively low (like PlusToken, 3M) https://t.co/4H7rDjP0Fv
— Dovey 以德服人 Wan 🪐🦖 (@DoveyWan) April 18, 2020
The project is so fake that it might have actually come round full circle on the believability scale to the edges of possibility again, which might explain the huge amounts of money raised so far.
Whether the company will operate a Ponzi scheme in the same manner as PlusToken or will simply exit scam with the money remains to be seen, but one thing’s for sure – we wouldn’t touch anything that promotes ‘BTC soul mining’ with a fifty foot pole, even if it is made of antimatter.