Layer1 – scam
In today’s crypto industry, perhaps nothing is more important than security. In our time, when digital coins cost a lot of money and blockchain companies work for multimillion audiences, it is extremely important to work only with reliable enterprises. And unfortunately, many companies are losing their own status, turning out to be an ordinary scam. Layer1 became one of such projects. Next, we will tell you why cooperation with this American company should be terminated. So, without further ado, let’s get started.
A little about the company
We have no doubt that most of our readers, in principle, do not know about such a company as Layer1. This is not surprising, because the company has a fairly narrow prevalence. Nevertheless, the relatively low popularity did not prevent the representatives of the company from deceiving their own customers. But about everything gradually. Layer1 is a mining company. It was the mining of cryptocurrencies that lay at the heart of the criminal schemes of this enterprise. The company was engaged in the production of quite useful devices. We don’t argue that the idea of creating a device that optimizes the operation of mining farms is great. And the firm even presented convincing drawings, photographs of the appearance of their own devices. You can find all the materials on the official website of the project.
The technique must be connected to the mains and start its own work. The device functions to save energy and maximize the power of your own video cards. In a theoretical sense, devices from Layer1 were supposed to help users from all over the world to simplify the mining of cryptocurrency. Thanks to this technique, it would be possible to cool your own equipment. Installed water pipes help distribute temperature, reducing the risk of crashes and graphics card failure. Layer1 received about $ 50 million to improve their own developments. This is a lot of money, especially for a start-up business. But we are confident that the company will not receive a single cent more.
Why is it dangerous to trust Layer1?
In fact, the firm was initially highly secretive. The Texas enterprise did not publish information on the funds received, which is very strange. Why not share how much money you received? It is possible that the creators evaded paying taxes, and therefore did not want to advertise their own income. But this is only guesswork. However, it has been proven that Layer1 representatives included people on their own team who had nothing to do with the project. This is strange. Obviously, this step was taken in an attempt to raise more funds. But in the crypto industry, this is not accepted. If a firm wants to get a large investment, it must remain honest and frank with its own investors. Layer1 started a difficult game. Which they themselves lost.