Aleksey Zhirovkin, owner of Alcor Trade, announced the launch of the ANTd token in a September 7th video. He claims the token will reach a $2000 valuation within a year, starting from an initial $1. This new digital asset is intended to replace the previously failed dANT token.
The dANT token, an ERC-20 asset, was initially introduced through Antares Trade last December. Zhirovkin, who also helmed Antares Trade, withdrew approximately $92,000 from the dANT smart contract on July 3rd. He then discontinued the token on July 18th, just three weeks before Antares Trade itself collapsed. ERC-20 tokens are simple to create, often costing little and taking only minutes.
"Now that we have a lot of experience and a different vision, we decided to create another token," Zhirovkin stated in his September video. He told prospective investors they would serve as a "springboard for the growth of the token rate: from $1 to $2000 within a year." He promised users would "earn a fortune" and "make millions of dollars" while others "are still thinking about buying."
Despite these assurances, the ANTd token shares the same fundamental lack of value as its predecessor, dANT. The widespread distrust among former Antares Trade victims likely diminishes any perceived worth for this new offering. Alcor Trade already promotes ALD Ponzi points, which offer a daily return on investment of 2.3%.
Alcor Trade, since its launch last month, has drawn significant web traffic from Egypt (26%), Madagascar (13%), and Saudi Arabia (8%), according to Alexa estimates. Zhirovkin's strategy involves using funds from new Alcor Trade investors to make repayments to individuals who lost money in Antares Trade. This move aims to rebuild confidence in his ongoing schemes.
"A lot of people are disappointed in Antares, because the money they invested has been frozen," Zhirovkin acknowledged. He had previously used the "frozen funds" narrative as part of the Antares Trade exit-scam. He now insists that "over time, when people start receiving their deposits back the trust will increase." He added that the ANTd token, which he incorrectly attributed to Antares in his statement, would "also be an indicator in the growth of confidence." He simply asked investors to "wait a little."
The timeline for new Alcor Trade victims to lose their money before any payments are made to existing Antares Trade victims remains unclear. This circular financing model relies on a continuous influx of new capital.