Bitgert (BRISE-USD) has been rallying for the past few days and has gained 42%-plus in the past seven days. However, all that glitter isn’t gold, and the project has some suspicious characteristics to consider before you invest.
First and foremost, Bitgert is marketed as a cryptocurrency with almost zero fees. However, the truth is that you will be charged a 12% transaction fee every time you buy, sell or move BRISE. Of this 12%, 5% goes for buybacks, 4% goes to holders, and 3% goes towards marketing the project.
Furthermore, the project’s creators were caught faking their team using (artificial intelligence) AI-generated identities, and they even tweeted about revealing their true identities. However, they later took down the team page after being exposed. They now use a pseudo-anonymous name called “Gert Sanem.”
In addition, their status website is simply a copy of Go Ethereum, and Bitgert’s registered domain address takes you to an Icelandic museum. Their developer guides are also copied from Binance.
Ironically, Bitgert has also audited itself and gave itself a 98% security score.
What is more interesting is that Bitgert is affiliated with Vindax. A company that sells cryptocurrency projects for $4900. However, Bitgert’s information was quickly removed from the website after users noticed it. Fortunately, they forgot to remove the Bitgert logo from their database, as you can still access it with a direct link.
