All About Stoned Crypto; Ethereum’s First Degen Stoner Community

The crypto market is constantly maturing with the arrival of new tokens and coins daily. Stoned Crypto is an emerging player, delivering tax and profit shares. Streaming on the Ethereum platform, the project permits connectivity with Degen stoners and share gains.    

What is a Stoned crypto? 

Stoned is a community-based project streaming over the Ethereum blockchain network. It offers innovative ways including fair on-chain ETH rewards. Introduced on 24 August 2023, STONED, the native token, has a total supply of 100 Million.

Furthermore, the project offers a transparency system where all the taxes flow to Ethereum Name Service (ENS) holders with a stash of crypto. The token recorded an all-time high price of $0.005443 on October 24, 2023, and an all-time low price of $0.0002719 on January 19, 2024.     

How are Rewards Distributed?

Ethereum’s first degen stoner community will gain exciting rewards and it is done through accumulating taxes. 

100% of all the mint fees go to the reward pool and 70% of the collected taxes are rewarded to top ENS holders. Also, 25 ENS holders will be offered to go on a joint adventure and the rewards are fairly distributed among the holders.   

Massive on-chain exposure, community building, and higher sustainability popularized the project in the Crypto community.       

ZachXBT and Crypto Rover’s Controversy 

As the coin is gaining popularity, it has undergone possible shady schemes in the crypto world. ZachXBT, a passionate blockchain enthusiast, led an investigation into Rover’s inappropriate behavior.

According to ZachXBT, Crypto Rover, a well-known crypto influencer, was indulged in a pump-and-dump scheme, ghosting a project after payment. Allegations involve promoting pump-and-dump coins and tarnishing his credibility.     

The passionate blockchain enthusiast revealed that Rover decided to promote the cryptocurrency project in May 2023 and agreed to receive $10K plus 1% of the project’s supply. 

The influencer assured to pump the project from ½ Million to 10 Million.  

Nevertheless, the influencer’s engagement with the respective project allegedly terminated as he failed to fulfill the promises, raising questions about Rover’s professional standards. 

In addition, the online sleuth exposed suspicious activities like significant transactions that resulted in notable profits. Rover was alleged to be misleading the followers about the trading positions. 

Furthermore, Rover’s new ties with a project named $STONED are revealed in the investigation. As per the investigation, around 9% of the total token supply was transferred to 10 addresses linked to Rover on 15 May 2023.

The influencer also promoted the respective project on May 16/17, 2023. Based on the recent tweet by the online sleuth, Rover made money from the project by selling the cryptocurrency.     

Rover is a crypto influencer and has been trading in the crypto sector since 2017. He has around 677K followers on X and 125,000 subscribers on YouTube.        

Conclusion

The novel project aims to create a community of Degen stoners who can enjoy the benefits of on-chain ETH bonuses and joint adventures. The project has recently faced some controversy and criticism, as it was charged with being involved in a pump-and-dump scheme with a crypto influencer named Crypto Rover.  

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.