Hello dear reader! Today’s review is on PrinceFloki. PrinceFloki is doing a massive pump on coinmarketcap.com, It hasn’t occupied the top spot yet, but it has been one of the best performing coins on coinmarketcap.com for some days. Currently, the coin has done a 300+% today. And it looks like it will steadily progress to number one in the coming days.
Like I always do, I’ll be investigating PrinceFloki to find out two things. Whether it is safe for investment consideration, for those looking to invest in the token, or whether it is a scam project that is going to “rug pull” or “honeypot” like the SQUID token.
Before I begin this PrinceFloki review, here is a disclaimer we need to agree upon.
I am not a banker or a financial expert. I will not be held responsible for your financial decisions. This article is just for educational purposes, consider it a form of entertainment. I’m not here to promote or disparage any coin. I consider my analysis to be objective. If you are not satisfied with the things I say, no problem. You are encouraged to always do your research, whether you agree with me or not.
With that said, let’s get Started
When I am investigating new and pumping tokens, especially tokens like PrinceFloki. The below are the things I look out for.
Developers behind the project
What people are saying about the
(If you are a frequent visitor of this website, you should know this. For context 80% of my readership are new people)
Prince Floki’s Website
PrinceFloki’s website is a classic shitcoin website. Lazily put together by developers who specialize in creating tokens that are designed to steal investors’ money. I have been reviewing crypto token websites for some time now, trust me, I know them when I see them. Princefloki’s website looked so familiar, I had to go search out the token it looks like.
That’s the review I did for blow Up token. You can see that BlowUp was also ‘pumping’ hard last month or so. I can bet my left testicles that the developers of the PrinceFloki are the same guys behind BlowUp.
The only good thing about PrinceFloki is that the developers even bothered to secure the website with an SSL certificate. Asides from this, PrinceFloki’s website is ugly, unappealing, and is nothing to write home about.
The description begins by telling us that prince floki is a rebase token that rewards holders with doge
This is an old trick that has proven to lure new and naive investors to invest in dead coins like this. From my experience as a reviewer, any token that calls itself a rebase token does not mean well for investors. Stop laughing, I’m not joking. From sciencia, to hydrogentoken to elonomics that is pumping to infinity.
Let me explain what a rebase is, so you better understand me.
With rebase, tokens charts (the PrinceFloki token chart you probably saw, that brought you to this website), and the percent it has pumped today, doesn’t mean anything in the grand scheme of things. The only things that matters are the market capitalization and the total supply of the coin. When the market cap goes down, the chart goes up, when the chart goes up, holders sort of lose money. But when the market cap is up and the total supply of the token increases, the chart goes down. The value of the token increases. The whole of PrinceFloki token is built on this mechanism that confuses a lot of people.
If you are a regular reader of content from this website, you should be able to tell.
This is how PrinceFloki developers defined rebase.
The key takeaway, “…we can be on the top gainer’s parts of websites due to the illusion of a rise in price floor so is a brilliant marketing tool in itself”
They are telling you that the entire PrinceFloki token is a marketing tool. Can you believe that?
We find out Prince floki is a reflection token. Which rewards 5% doge to all holders of the token, upon every transaction carried out in the PrinceFloki ecosystem. This is a classic shitcoin go-to technique. They promise to reward investors with a popular meme coin if investors invest in their shitcoin.
PrinceFloki also slated 5% to its marketing wallet. This is where the robbery occur. They steal people’s money through this means knowing their shit coin has no purpose. What are they marketing? knowing that the coin markets itself because of Its scam rebase nature.
PrinceFloki further slated 3% and 2% for its liquidity pool and ‘development’ respectively. These developers are just thieves. What is ‘Development’? Hear them foolishly try to explain themselves
PrinceFloki’s white paper is the laziest document I have ever seen. It is the same thing that was written on the website that is on the white paper. No vision, no mission, no goals, Just Elon Musk and some cooked-up story that doesn’t even make.
Developer of PrinceFloki
As expected, no one will admit to owning dross like PrinceFloki. When I see undoxxed tokens like Prince Floki, they remind me of this guy.
They don’t want people to them for the robbers they are, that’s why they cover their face (names)
What people are saying about Prince Floki
I’m surprised this token is older than I thought. It first surfaced online a month ago or thereabout. Here’s what people are saying about it on YouTube.
On Twitter, it is tears, pain, and regrets for investors.
I did not bother to analyze PrinceFloki’s liquidity pool and the market capitalization, because that’s a gigantic waste of time and effort. PrinceFloki token is 100 percent a scam coin. I can say it anywhere. This coin will hold little or no value in the future. The developers designed this token to steal from people. PrinceFloki is a shitcoin with no utility, targeted to people who do know much about crypto.
If you enjoyed reading this review. I have done many other reviews of tokens, and you can find them here.