Crypto Coin / Socios

[StirlingBlue]

So disappointed to see the club getting involved in this scam - massive blunder:

[Audrey Horne]

Fuck off Everton

[Robioto]

Wow, shit like this just lends to feeling more detached from the club.

Fuck off Everton indeed.

[toffee_scot]

I initially thought for a second when reading the title that this was a spam post.

I know we are owned by Americans now but…“$EFC” ?

[TheRam]

Genuine question, but how do we know this is a scam?

I’m assuming that there must be some genuine crypto apps out there because people are making money from it.

[Trowel]

These have been around for a few years already - there was lots of fuss originally about the suitability of the club marketing them as an "investment" around fan engagement, and pretty much every Socios fan token has followed an identical price curve. The Athletic, Kieran Maguire, and others have torn into Socios a few times.

https://www.fantokens.com/trade/everton-fc-fan-token

https://www.liverpoolecho.co.uk/sport/f ... s-21565516

[StirlingBlue]

Having done some more reading about it we shouldn't be blaming this on the new owners as we launched this crypo in September 2023, I guess this is just mandated advertising that Socios paid for.

It's absolutely a scam though and all the coins launched by football clubs have dropped by 90%+ since launching as it's clearly either a rug pull or a way to "legally" insert funds where they shouldn't go. Somebody buys all the coins pre-trade at their launch price, they rise a little bit before they sell them all and the value tanks. Loads of politicians and celebrities have done similar (Eric Adams, Hawk Tuah girl, Jason Derulo, Floyd Mayweather, Trump/Melania etc).

Either way, I hope the club ends this partnership as soon as possible as it's embarrassing and is only legal because the law hasn't caught up yet

[Gash]

I've no idea how @Sirblue57 and @Escalator will cope with this thread, even I've not got a clue how it all works.

[Cereal Killer]

I've no idea how @Sirblue57 and @Escalator will cope with this thread, even I've not got a clue how it all works.

[Irishbornevertonian]

Never got involved with anything that has this crypto thing in it. Each to his or her own but no thanks


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[Free Agent]

Some blockchain is legit but I would not consider Socios crypto as one of those.

[sam of the south]

Having done some more reading about it we shouldn't be blaming this on the new owners as we launched this crypo in September 2023, I guess this is just mandated advertising that Socios paid for.

It's absolutely a scam though and all the coins launched by football clubs have dropped by 90%+ since launching as it's clearly either a rug pull or a way to "legally" insert funds where they shouldn't go. Somebody buys all the coins pre-trade at their launch price, they rise a little bit before they sell them all and the value tanks. Loads of politicians and celebrities have done similar (Eric Adams, Hawk Tuah girl, Jason Derulo, Floyd Mayweather, Trump/Melania etc).

Either way, I hope the club ends this partnership as soon as possible as it's embarrassing and is only legal because the law hasn't caught up yet

At first I thought poor Jason Derulo, being associated with that rogues gallery, but then I remembered that he spawned this

[Gash]

Never thought I'd see Hawk Tuah girl and Donald Trump mentioned in the same sentence but we live in strange times.

[brap2]

Boooooooooooo

[sam of the south]

Never thought I'd see Hawk Tuah girl and Donald Trump mentioned in the same sentence but we live in strange times.

Probably the least surprising link there tbh