Assalamu Alaykum wa rahmatullah wa barakatuh. Please I want to know the ruling of a crypto called elastic bnb and its community token called XBC. The team behind elastic bnb developed a Dapp called fomolotto which I see as a form of gambling. In fact I need to understand this project better, someone with knowledge on it should please explain.
For More information about XBC please read below:
WELCOME TO XBC
XBC is a coin for holders: you earn weekly BNB, open this on Trustwallet dapp browser. Check the time you need to collect BNB. Passive income. Easy. When people dump XBC, they give 10% of profit to BNB pool.
Website: https://xbc.xbn.finance/#/dashboard
https://docs.xbc.xbn.finance/innovation/anti-whales
Earn $BNB by hodling $XBC
4% of every transaction is taken and re-distributed to all XBC holders in $BNB.You can claim the amount of the BNB based on the ratio of $XBC you hold/the total BNB pool. For example, you hold 1% of XBC, you can withdraw 1% of the BNB reward pool.
60% of the tokens have been burned
Community driven & fair launch. There is no pre-sale. Dev will add 90% of the token supply to LP and burn LP token on
@PancakeSwap
and participate in the fair launch with everyone else.
All initial liquidity provided has been burned. The contract owner has been renounced
Token Metrics:
Name : XBN Community Token
Chain: XBC
Total : 1.000.000.000.000.000
Contract: https://bscscan.com/token/0x0321394309cad7e0e424650844c3ab3b659315d3
0x0321394309cad7e0e424650844c3ab3b659315d3
PancakeSwap Active: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0321394309CaD7E0E424650844c3AB3b659315d3
Burn Token Exuberancy:
100% Locked Liquidity:
3,000+ Telegram Members!
20,000 in just 8hrs Holders!
Twitter:
https://mobile.twitter.com/XbcXbn
Buy XBC
Buy on PancakeSwap (11%-13% slippage): https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0321394309CaD7E0E424650844c3AB3b659315d3
Contract: 0x0321394309cad7e0e424650844c3ab3b659315d3
Stay Updated!
Telegram: https://t.me/joinchat/iK57-xgb0hc1NmY9
Main Telegram: @elasticbitcoinxbt
Chart: