Post
Topic
Board Altcoin Discussion
Re: SwissCheese token
by
aioc
on 29/07/2025, 23:35:58 UTC

I notice they are running a promotion with Biconomy where they offer a very high APR for holding the token under 180 days, which is a means to attract investors but not entirely safe; if the token price drops 80% below what you purchased it for, the reward gotten will be useless.

The high APR is nothing if there are warning signs; the distribution is a red flag. Imagine locking your token for an extended period when there is a possibility of a dump.
Only lock your token to a staking platform if the token price is stable, there is a large community supporting it, and the distribution is equal.
This could be a rug pull waiting to happen. I could be wrong, but it’s up to the investor to decide for himself.