Cryptocurrency Scam Education: Proof of Trevon James

Scammers are a very big problem in the world of cryptocurrency right now. A lot of people see this industry as a get-rich-quick scheme even though it is nothing of the sort. Addressing these scammers is also difficult; if it were easy, individuals such as Trevon James wouldn’t be around any longer. In reality, however, James is able to issue his own “tewkens” in an effort to rip off even more people.

The Proof of Trevon James Scam

Anyone who has kept an eye on developments in the world of cryptocurrency will recall the rise and subsequent implosion of BitConnect. Even though everyone knew this was a scam from day one, plenty of people invested thousands of dollars into BCC. This was a somewhat valid strategy until BitConnect eventually turned to dust and ran off with people’s money overnight.

The success of BitConnect was facilitated by a handful of promoters who mainly used YouTube and other social media channels to lure as many people to BitConnect as humanly possible. One of those individuals was Trevon James, a person who has been indicted in at least one lawsuit related to the BitConnect scam. That seemingly has had little effect on James himself, though.

Instead of learning a valuable lesson from his previous wrongdoings, James is simply looking to up the ante a bit. In fact, it appears he went as far as to launch a project known as Proof of Trevon James. While it is possible the project wasn’t initially launched by James himself, it does go to show that the number of scams in the cryptocurrency world will not be diminishing anytime soon.

It does appear that the creator of this project has covered their rear in terms of legal repercussions. Its website clearly states that this is an entertainment venture rather than an actual investment opportunity. There are no guarantees that anyone will make money from this scheme, which is no real surprise. The concept is pretty simple, as users buy Trevon James “tewkens” in the hopes of having others buy them at a higher price.

Additionally, there is some sort of masternode system in place, which only activates once a user owns at least 50 tokens. It’s a pretty interesting concept in general, although it is a bit unclear why anyone would invest money into this obvious scam. Considering that the contract holds almost $215,000 worth of Ether right now, it seems innocent people are buying into this scam without conducting their due diligence.

We can only hope this scam is quickly taken offline. Proof of Trevon James is not something anyone should invest in. It shouldn’t even be allowed to exist, for rather obvious reasons. Cryptocurrency is slowly maturing as we speak, but projects like these set it a few steps back. It will be interesting to see how things play out in this regard, but it’s evident that someone will lose money due to this scheme.