Why is Matic launchpad a scam in our opinion?

Pattern of deceptive behavior

A disturbing trend has emerged, as multiple projects have come forward with similar concerns about Matic Launchpad’s business practices. Despite some variations in the specifics of each case, a common pattern of behavior has become apparent:

• An unusually high number of new, empty wallets are being whitelisted for many IDO campaigns on Matic Launchpad.
• Tokens from investors in IDO projects are being funneled into a small number of wallets on exchanges, which then engage in destructive dumping, causing the token price to plummet.
• Matic Launchpad subsequently uses the token crash as a pretext to withhold funds collected from purported investors, rather than paying them out to the projects as promised.

Red flags indicating potential scam activity

Several other red flags have been raised that suggest Matic Launchpad may be engaged in scam activity:

• The name “Matic Launchpad” bears a suspicious resemblance to “Matic,” now known as Polygon, which may be intended to create confusion or a false sense of reliability.
• Despite claiming to be a decentralized platform, Matic Launchpad appears to be centrally managed by a small group of individuals who are actively trying to maintain their anonymity.
• It appears that Matic Launchpad’s own token, MATICPAD, fails to meet the standards that the platform imposes on its clients: https://www.coinbase.com/price/matic-launchpad

Conclusion

While we refrain from making definitive accusations until the evidence is conclusive, it is clear to us that the pattern of behavior exhibited by Matic Launchpad, combined with the numerous red flags, warrants extreme caution. We genuinely believe that Matic Launchpad’s activities are suspicious and may be indicative of a scam.

Don’t just take our word for it. We encourage you to review the first-hand accounts from projects that claim to have been disadvantaged by Matic Launchpad, which we have compiled on this website. By examining the evidence and hearing the stories of those who have had direct experiences with Matic Launchpad, you can form your own opinion and draw your own conclusions about the legitimacy of their business practices.