staketon.net Reviews

The website staketon.net claims to be a liquid staking protocol for TON (Telegram Open Network) and offers an airdrop for TSTON tokens. However, there are several red flags and inconsistencies that suggest it could be a scam:

1. **New Domain**: The domain staketon.net is only 10 days old. Scammers often create new domains to avoid being associated with previous scams.

2. **Vague Information**: The website provides vague information about the project, its team, and its technology. Legitimate projects usually have detailed whitepapers and transparent information about their team.

3. **Unverifiable Partnerships**: The website claims to have partnerships with well-known entities like OKEx and Certik, but these partnerships are not verifiable through official announcements or sources.

4. **High Yield Claims**: The website advertises a 2.95% annual percentage yield, which is unusually high for staking, especially for a new and unproven project.

5. **Airdrop Promotions**: Airdrop events for new tokens can be used to create artificial demand and attract users, especially if the new token has no real value.

6. **Lack of Technical Details**: The website does not provide detailed technical information about its liquid staking protocol, making it difficult to assess its legitimacy.

7. **Use of TON Name**: The use of the TON (Telegram Open Network) name could be an attempt to associate with the well-known Telegram project, which was involved in a high-profile legal case with the SEC and ultimately abandoned its TON blockchain project.

8. **No Information on Audits**: While the website claims to have been audited by Certik, there is no verifiable information or audit reports provided.

9. **Non-Custodial Claims**: The website claims that stakes remain completely under the user’s control, but this is a common claim even in fraudulent schemes.

10. **Lack of Community Engagement**: Legitimate projects often have active communities on platforms like Telegram, Discord, or Reddit. The absence of such engagement is a red flag.

11. **No Information on Token Utility**: The website does not provide clear information on the utility of the TSTON token, which is important for assessing its long-term value.

12. **No Information on Regulatory Compliance**: There is no information on the website about regulatory compliance, which is important for a financial service.

Given these red flags, it is advisable to exercise extreme caution and conduct thorough research before engaging with the staketon.net platform or participating in its airdrop event. It is recommended to verify the legitimacy of the project through independent sources and to be wary of high-yield claims and airdrop promotions, especially for new and relatively unknown tokens.”

the reasons behind this review :
New Domain, Vague Information, Unverifiable Partnerships, High Yield Claims, Airdrop Promotions, Lack of Technical Details, Use of TON Name, No Information on Audits, Non-Custodial Claims, Lack of Community Engagement, No Information on Token Utility, No Information on Regulatory Compliance