Is This BitShares Community Chat Legit? Let’s Take a Closer Look

Is This BitShares Community Chat Legit? Let’s Take a Closer Look

The BitShares Community Chat group on Telegram — link: t.me/BitSharescommunitychats — raises several red flags that the BitShares community should be aware of. With no description, mismatched group names, and dubious pinned messages, it's crucial to question whether this group is still serving its intended purpose or has devolved into a potential scam.

Red Flags to Consider:

1. Mismatched Names:
   The group’s name is “Bitshares Community Chat”, but the link says “BitSharescommunitychats”. This inconsistency is often a sign of hastily created or repurposed groups.

2. Admin Issues:
   Almost all the group admins are labeled “Deleted Account”. When group admins disappear or delete their accounts, it usually means no one is maintaining the group’s integrity.
   

3. Suspicious Messages:
   The last activity and pinned messages are filled with offers that scream “scam”. Examples include:

   • Get-rich-quick schemes offering unrealistically high returns, like “earn 58% profit every day.”
   • Dubious partnership claims with major platforms like Binance, TrustWallet, or Kraken, which cannot be verified.
   • Links to external websites that ask for deposits or personal data, a classic phishing tactic.

4. Spammy Content:
   The messages flood the group with promises of “stable income”, “zero handling fees”, and “never-ending projects.” Legitimate communities focus on constructive conversations, not shady offers.

What Can the BitShares Community Do?

If you’re a member of this group and believe it no longer represents genuine BitShares interests, here are a few suggestions:

1. Report the Group:
   If you suspect this group is a scam, consider reporting it to Telegram for misleading content or fraud.

2. Promote Genuine Groups:
   Direct new and existing members to verified BitShares groups where real discussions and updates are happening. Examples include:

   • Bitshares Decentraliz3
   • XBTS Cross Chain DEX

• BitShares Traders
  • BitShares NFT Group

1. Stay Informed:
   For a comprehensive guide on safely navigating the BitShares ecosystem, check out the BitShares User Manual: BitShares User Manual. It’s an essential resource for managing your funds and avoiding scams.

Let’s Keep BitShares Clean and Safe

The BitShares community thrives on decentralization, but that also means we must stay vigilant. If a group is no longer serving its purpose, we should either highlight it as a problem or take steps to get it removed. By working together, we can maintain the integrity of the BitShares ecosystem and protect new users from falling into traps.

Let’s keep BitShares scam-free and make sure everyone has the tools they need to succeed!