SexDao Project Raised $6 Million Funding Runs Away

Community members say that Sex Dao is suspected of having fled. Its official Twitter @SEXDAOSED was inaccessible and the main wallet of the sexxdao.eth project moved all assets out.

The community is buzzing about the information that the project calling for $ 6 million SEXDAO has fled. Currently both its website and official Twitter account are inaccessible.

Sex Dao is a Web3-based life application, which is mainly used for the beauty of the sex trade site map query and online screening areas around the world, the production area of Sex Dao or USDT to complete the transaction.

The project has raised $6 million in funding and is expected to grow to $10 million to complete its fundraising goal for this year by December 20. The proceeds will be used for market promotion and build ecosystems.

Currently sexxdao.eth project main wallet (0x05feed0ee41dbcc2df6f155dd33681281281e008) has moved all assets out.

Rug pulls are essentially projects where developers siphon large amounts of money from investors, and then withdraw everything from the liquidity pool, causing the value of the cryptocurrency created for the “project” to drop drastically. They are intricate and manipulative scams that usually occur on Decentralized Exchanges (DEXs).

Before that, a new platform SEXN promised to reward people through a ‘Sex-to-Earn’ model. However, some are accusing the platform of pulling the carpet soon.

Several media companies, not to mention some individuals on social media, have questioned the feasibility of the project. To speed things up for those who haven’t started, SEXN – possibly named after the STEPN Move to Monetize project – claims that it will incentivize people to engage in sexual acts or even adultery.

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