Stay away from YTX finance and just be careful in general my friends

YTX finance is currently doing a presale of 5 days that will see them raise 1.75 million dollars(5000ETH * 350$per ETH) should the total allocation be met.

They have a decent medium article which one of their members will post around here soon enough , its a really clear and somewhat well articulated piece but thats how far they have improved now . before it was just buzzwords and other nonsense . anyway when I began asking questions in their discord about the ridiculous amount of money they are raising they banned me.

Please note my friends, that just because liquidity is locked does not mean its not a scam.

Here is an example.
YTX finance intends on raising 5000 ETH , putting eth at current value $350 (to round up) they will raise 1.75 m total. of which about 1000 eth is going straight to uniswap and will be locked immediately. The remaining 4000 eth will kept by them and distributed for various purposes like marketing, hiring and what not - this is bullshit. Given what they intend to build you can get that developed via freelancers for less than 50k max. The marketing expense I can understand but when asked questions in a totally open manner you ll get banned and thats how you know to stay away.

Yea the project could do 5x or whatever but remember they could simply just walk away from the project at any time without even saying anything cause they have that 4000 eth in the pocket.

This is getting insane. They are counting on your greed to make 5x while they make 1000x doing basically nothing. All they got is a medium post.

Remember people we have seen around 30,000 ETH just gone via exit scams (this is different from Sushi even though thats a different story)

I have also found many twitter heads that have a huge following are secretly in on this. they get free presale tokens even and just shill that out on their twitter.

Always ask yourself whats the hook, whats the risk and then judge accordingly. IF you have made some 50x this season then yea its easy for you to throw 1 eth into a rubbish pile and make out with some money . in fact thats how many have done it.

It is sad to say this but the most people losing in the crypto market are Americans - I have come across organized groups from various nations that have loose laws for their locals that are actively creating new project 1 after the other. Sushiswap idiot is from Thailand . he is now a 13 million rich fuck. And all he did was fork a code , add a bit of his spice and have his shill groups sell it .

Be careful. DYOR means asking the right questions and when you start getting shut down , well you know the right thing to do there