The Most Popular Cardano AI Token Participates in a Fake Airdrop

Scammers push a fake version of AGIX, the key utility and governance coin for Cardano-friendly AI startup SingularityNET.

Despite the fact that SingularityNET (AGIX) is one of the oldest AI-based cryptocurrencies (it was created in 2018), impostors believe it still needs an additional airdrop to attract user interest. 

Twitter sponsored an airdrop campaign on February 9, 2023. SingularityNET launched a token airdrop for their AGI asset, as stated by hackers. AGI was relaunched as AGIX more than a year ago.

Scammers constructed a landing page for Linktree that closely resembles that of the original SingularityNET. Although the page has authentic-looking videos from SingularityNET and Cardano’s (ADA) Input Output Global’s creators, it really directs them to a phishing domain.

It requires users to tie their wallets across two blockchains, Cardano (ADA) and Ethereum (ETH), which is impossible with a single smart contract.

In addition, the Twitter account promoting this coin has nothing to do with official SingularityNET (AGIX) social media accounts.

The platform does not have any officers with the chosen name that are publicly known. Sadly, in addition to bots and criminals, genuine Cardano (ADA) supporters have fallen for this hoax and retweeted the statement.

As per the report, SingularityNET (AGIX) is one of the primary winners in the current wave of AI hype. Its token is among the segment’s top performers.

Since November 30, 2022 (the date of ChatGPT’s release and the beginning of the AI/ML mania in crypto), the token’s value has increased by almost 900%. Its local high was recorded at over $0.6 a week ago.

Also Read: The Price Of Ethereum Faces A 20% Fall Due To The SEC’s Crackdown On Crypto Staking

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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