Just another pump and dump token.
I don't know why people still take such projects seriously. Most of them are just get rich quick schemes used by scammers to trick gullible newbies. The tokens are shitcoins with no intended purpose except scamming people.
Those who see an opportunity to invest in such projects fall prey to scams. Basically, it would not be right to blame them. Because they are attracted to the crypto market in different ways in the wrong way, they are more likely to make the wrong decision than to make the right one. They are constantly coming to the market with different projects and in a few days they are leaving the market with money from the investors, which is a very sad fact.
That's why its really much better to anyone to let go of this type of investment since we know how huge the risk for putting up our money in this kind of investment option and we know that majority of it is totally scam. I know many people keep telling that they are risk taker but for the fact that almost all of the dev conduct this kind of activities especially when creating tokens and offer it to the public then best for us to be more cautious.
Also for sure the devs will just create another token so we should be more aware on their next scam attempt.