In recent weeks, there has been intense interest and controversy surrounding Dallas Review and its cryptocurrency, PAMBI. The content creator has already launched two tokens, with the first one being branded as a scam after its value plummeted when liquidity was withdrawn, allegedly due to accounts belonging to Dallas’ own team.
Currently, PAMBII is operational, but its value remains volatile due to its low launch price, and it could potentially fall again like the first token. To gain a professional perspective on the subject, MARCA Gaming spoke with Arturo Pozuelo Calvet, CTO and Co-founder of Sierra Block Games, a specialist in the sector.
“A memecoin can be compared to a casino roulette wheel, where you’re likely to lose 99.9% of the time, but 0.01% can be very lucrative,” Pozuelo explained.
One of the most frequently asked questions is whether PAMBI is a scam. Pozuelo clarified that a memecoin itself is not a scam, but rather a type of crypto taken from any meme that appears on the internet. “It’s a token created and the market plays against you or in your favor. It can be compared to a roulette wheel in a casino, because you’re going to lose 99.9% of the time, but there’s 0.01% that can be very juicy.”
The current situation has led to famous people in the world of cryptocurrencies creating memecoins, taking advantage of their popularity. However, Pozuelo emphasized that the problem arises when individuals start promising things and convincing people to buy, which is illegal. “You cannot instigate the purchase or promise values or prices,” he emphasized.
Dalas, in particular, has been criticized for his involvement in the PAMBI project. Pozuelo pointed out that Dalas’ team has been selling PAMBI tokens to wallets managed by the team, which has been proven through blockchain analysis. “Dalas has entered into swampy territory, because he’s instigating people who have no idea to buy a currency,” Pozuelo stated.
Regarding the question of whether Dalas sold part of the liquidity that sank PAMBI, Pozuelo stressed that the blockchain has proven that this was a lie. “Dalas has been playing with users who have no idea how this little world works. You’re entering a swampy terrain, because you’re instigating to buy a currency that in this case you have taken out and that you had no intention of generating any project or anything with it.”
In conclusion, Pozuelo emphasized that investing in memecoins is not inherently bad, but it’s essential to be aware of the risks involved. “I don’t take away an ounce of weight from what Dalas has done, but we are grown up now and we have to know what we are getting into. When we’re working with money, we have to be very careful, and at the end of the day, it’s our money, our computer, our passwords, our clicks, and each one of us has to make a living.”