SW Dao Review: What you should know about swdao.org SCAM

 
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SW Dao (swdao.org) is a platform that claims to provide an investment opportunity in Crypto trading, DeFi yield farming and staking.

SW Dao is the name of the ERC-20 token that the project is offering to investors. The company also claims that investors will earn passive income if they hold SW Dao tokens.

However, the project owners have not persuaded us why their project is not a scam. In fact, at this point in time, we consider it a high-risk platform.

We will provide reasons later in our review.

SW Dao Review: The questions and concerns

The project is offering ‘professionally managed portfolio’ but are not providing us with past performance so that we can see how the fund is performing.

Secondly, by promising investors a ROI after an investment period, the company is technically offering securities which are regulated financial instruments.

The company does not hold any valid license that authorizes them to provide this kind of service to investors.

In the Coinmarketcap website, 1 SW Dao is currenly worth $2.27. However, as of 17th September 2022, the 24 hour trading volume of the token plummeted from $19 to $0.

What this means is that swdao.org is selling a token that does not have any meaningful liquidity. If you buy this token, you are going to throw away your money because it’s going to be very difficult to find willing buyers of this token.

However, marketing literature on the swdao.org website paint a picture of a token that is very profitable. In fact, the project owners are enticing investors to buy a token that currently has zero liquidity in the market.

This is basically what sophisticated scams like Yield Farming and YieldNodes are doing to defraud investors. These sort of projects are preying on the financially unsophisticated.

Swdao.org Review: Trading Strategies offered by this project

The company offers multiple trading strategies while also providing details of how risk is handled. However, we observed that the listed trading strategies don’t have backtested results.

Instead, the project owners have only posted screenshots of their strategy performance. These screenshots cannot be relied on because anyone who some photoshop experience can easily edit the pictures to give us what we want to see.

We therefore cannot ascertain the truthfulness of those performance results, hence investing in the so-called trading strategies is a risky endeavor.

SW Dao does not want user reviews or criticism

On the CoinMarketCap website, we managed to take a look at what the community is saying concerning the token SWD.

We found it suspicious how the company is moderating user reviews in this community. In fact, they’ve deleted over 90% of user reviews on the false claim that the affected users had posted ‘offensive comments’.

What attracted the comments that were deleted is the fact that one user raised a complain regarding how they could not sell their SWD tokens.

This basically points to the fact that the token has very poor liquidity, despite the company enticing people to buy the coin.

The Truth about swdao.org and its bullshit SWD token

We have already seen enough red flags surrounding this project….. one of the red flag being the recent collapse of the coin which the company owners are actively promoting on their website.

This suggests that the project is just a clever ponzi scheme. It is selling a token with no value to investors while promising them impossible to pay return on investments.

In the end, the scammers will run away with monies which they’ve collected from the sale of the bogus token.

They’re surely going to disappear in a rug pool.

The Conclusion of this SW Dao Review

This is a very dangerous ponzi scheme due to its sophisticated nature. What we’ve discussed in our review are nothing but critical red flags.

If you were considering it as a viable investment opportunity, you need to change your mind or else you will eventually lose your hard-earned money.

Thanks for reading this review. Take precautions.

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