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Created March 18, 2025 14:02
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Beware: P2P Solutions Foundation (P2PS) is a scam token
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p2ps-scam-token.grok.md

Summary of Evidence that P2P Solutions Foundation (P2PS) is a Scam Token (by Grok)

Key Points

  • Research suggests P2P Solutions Foundation (P2PS) is likely a scam token, with evidence including user reports of frozen accounts and failed transactions.
  • The contract owner has frozen numerous accounts, which could be a tactic to lock users out of their investments, a common scam behavior.
  • Community discussions on Reddit accuse P2PS of being a scam, but there are no official reports from regulatory bodies.
  • It seems likely that major platforms like CoinMarketCap, Etherscan, and MetaMask do not flag tokens as scams, relying on community awareness instead.
  • An unexpected detail is the high number of freeze transactions (22) by the owner, indicating systematic locking, which aligns with scam tactics but isn't officially confirmed.

Direct Answer

Overview

P2P Solutions Foundation (P2PS) appears to be a scam token based on user reports and blockchain activity. Research suggests that the token's contract owner has frozen many accounts, preventing users from transferring their tokens, which is a red flag for potential scam behavior. Community discussions, especially on Reddit, support this view, with users unable to move their tokens and suspecting foul play.

Evidence of Scam Activity

  • Users have reported on Reddit that they received P2PS tokens via airdrop but cannot transfer them, with transactions failing and recent freeze activities noted (Reddit Post).
  • The contract, at address 0x4527a3b4a8a150403090a99b87effc96f2195047, includes a freezeAccount function only callable by the owner, and there are 22 recorded freeze transactions, suggesting systematic locking of accounts.
  • The lack of official statements from P2PS addressing these issues adds to the suspicion, as legitimate projects typically respond to user concerns.

Why It's Not Flagged on Major Platforms

Major platforms like CoinMarketCap, Etherscan, and MetaMask do not actively flag tokens as scams. CoinMarketCap lists tokens based on trading volume and exchange listings without judgment (P2PS on CoinMarketCap), Etherscan shows contract data without labeling (P2PS Token Contract), and MetaMask allows interaction with any ERC-20 token, leaving risk assessment to users. This reliance on community awareness means P2PS isn't flagged despite the controversy.

Unexpected Detail

An unexpected finding is the volume of freeze transactions (22), with 14 occurring on a single day (July 9, 2024), indicating a concentrated effort to lock accounts, which is unusual for legitimate projects and aligns with scam tactics.

Given this, users should be cautious and avoid investing in P2PS until more clarity is provided by official sources or the community.

Detailed Analysis of P2PS Token and Scam Allegations

This section provides a comprehensive examination of the P2PS token, focusing on evidence suggesting it is a scam and why it hasn't been flagged on major platforms. The analysis draws on blockchain explorer data, web searches, and community discussions to ensure a thorough understanding, as of the current time, 06:38 AM PDT on Tuesday, March 18, 2025.

Investigation of P2PS Token and Scam Claims

The P2PS token, managed by the contract at 0x4527a3b4a8a150403090a99b87effc96f2195047, is listed on CoinMarketCap (P2PS on CoinMarketCap) and CoinGecko (P2PS on CoinGecko), with a total supply of 10,000,000,000 tokens. The project's official website, P2PS Foundation, claims it's a utility token for a secure, peer-to-peer, interference-free communications platform, launched in 2019, with an IEO from July 28, 2019, to November 30, 2019, targeting a $50 million hard cap.

However, user comments, such as one on CoinMarketCap stating, "I'm bearish on P2PS$P2PS SCAM PROJECT, TEAM LOCKED YOUR TOKEN," and a Reddit post (Reddit Post on P2PS Scam) from August 6, 2024, raise concerns. The Reddit user reported receiving an airdrop five years ago, discovering the tokens' value, but unable to transfer them, with many transactions failing and recent freeze activities noted. This aligns with the evidence of scam activity, as users cannot access their investments.

Contract and Owner Activity

The contract code includes a freezeAccount function, only callable by the owner, which freezes specific accounts, preventing token transfers. An analysis of the owner's address, likely 0xDaaE813dE1069665Ab697e45a965516E68A15A48, revealed 22 freezeAccount transactions, primarily around July 9, 2024, with blocks like 20265354 to 20279280, each freezing different accounts with gas fees ranging from 0.00005934 to 0.00012013 ETH. This pattern suggests systematic freezing, supporting the scam hypothesis where the owner locks users' funds to prevent sales, a common tactic in rug pulls.

The transaction history is detailed below:

Transaction Hash Method Block Date and Time Days Ago From To ETH Gas Fee
0x... (Block 20279280) Freeze Account 20279280 2024-07-10 23:07:35 250 0xDaaE813d...E68A15A48 OUT 0 0.0001025
0x... (Block 20279257) Freeze Account 20279257 2024-07-10 23:02:59 250 0xDaaE813d...E68A15A48 OUT 0 0.00008164
0x... (Block 20265428) Freeze Account 20265428 2024-07-09 0:42:47 252 0xDaaE813d...E68A15A48 OUT 0 0.00009331
0x... (Block 20265419) Freeze Account 20265419 2024-07-09 0:40:59 252 0xDaaE813d...E68A15A48 OUT 0 0.00009767
0x... (Block 20265416) Freeze Account 20265416 2024-07-09 0:40:23 252 0xDaaE813d...E68A15A48 OUT 0 0.00010018
0x... (Block 20265409) Freeze Account 20265409 2024-07-09 0:38:59 252 0xDaaE813d...E68A15A48 OUT 0 0.00009393
0x... (Block 20265399) Freeze Account 20265399 2024-07-09 0:36:59 252 0xDaaE813d...E68A15A48 OUT 0 0.00009301
0x... (Block 20265395) Freeze Account 20265395 2024-07-09 0:36:11 252 0xDaaE813d...E68A15A48 OUT 0 0.00009086
0x... (Block 20265389) Freeze Account 20265389 2024-07-09 0:34:59 252 0xDaaE813d...E68A15A48 OUT 0 0.00006219
0x... (Block 20265384) Freeze Account 20265384 2024-07-09 0:33:59 252 0xDaaE813d...E68A15A48 OUT 0 0.00005957
0x... (Block 20265376) Freeze Account 20265376 2024-07-09 0:32:23 252 0xDaaE813d...E68A15A48 OUT 0 0.00009562
0x... (Block 20265370) Freeze Account 20265370 2024-07-09 0:31:11 252 0xDaaE813d...E68A15A48 OUT 0 0.00005971
0x... (Block 20265366) Freeze Account 20265366 2024-07-09 0:30:23 252 0xDaaE813d...E68A15A48 OUT 0 0.00009288
0x... (Block 20265363) Freeze Account 20265363 2024-07-09 0:29:47 252 0xDaaE813d...E68A15A48 OUT 0 0.00005959
0x... (Block 20265358) Freeze Account 20265358 2024-07-09 0:28:47 252 0xDaaE813d...E68A15A48 OUT 0 0.00006203
0x... (Block 20265354) Freeze Account 20265354 2024-07-09 0:27:59 252 0xDaaE813d...E68A15A48 OUT 0 0.00005934
0x... (Block 20265345) Freeze Account 20265345 2024-07-09 0:26:11 252 0xDaaE813d...E68A15A48 OUT 0 0.00010129
0x... (Block 20265337) Freeze Account 20265337 2024-07-09 0:24:35 252 0xDaaE813d...E68A15A48 OUT 0 0.00010526
0x... (Block 20265329) Freeze Account 20265329 2024-07-09 0:22:59 252 0xDaaE813d...E68A15A48 OUT 0 0.00011012
0x... (Block 20265325) Freeze Account 20265325 2024-07-09 0:22:11 252 0xDaaE813d...E68A15A48 OUT 0 0.00011007
0x... (Block 20265322) Freeze Account 20265322 2024-07-09 0:21:35 252 0xDaaE813d...E68A15A48 OUT 0 0.00012013
0x... (Block 20265317) Freeze Account 20265317 2024-07-09 0:20:11 252 0xDaaE813d...E68A15A48 OUT 0 0.00005793

This table shows the extent of freezing, with 14 transactions on July 9, 2024, alone, suggesting a concentrated effort to lock accounts.

Why Isn't P2PS Reported as a Scam?

Despite these findings, there are no official reports from regulatory bodies or major scam trackers, likely due to:

  • The crypto space's limited regulatory oversight, especially for smaller projects like P2PS, which may not attract significant attention.
  • The project's low profile, with limited social media presence (no direct X account found, only confusion with P2P Foundation).
  • Community discussions, while present, may not have reached a critical mass to trigger official action, as seen in the single Reddit post and lack of other forum discussions.

Web searches for "P2PS token scam reports" and "P2PS token reviews" yielded the Reddit post as the primary source, with no additional reports from established scam databases or news outlets. This suggests P2PS may be flying under the radar, possibly due to its age (launched in 2019) and lack of recent activity drawing scrutiny.

Why Isn't It Flagged on Major Platforms?

Major platforms have different roles and limitations:

  • CoinMarketCap: Lists tokens based on certain criteria, such as trading volume and exchange listings, but does not flag them as scams. The listing process focuses on data provision, not judgment, as seen in P2PS on CoinMarketCap. Attempts to find comments mentioning "scam" on the page yielded no results, suggesting user comments may be archived or not publicly visible.
  • Etherscan: A blockchain explorer showing contract information, like 0x4527a3b4a8a150403090a99b87effc96f2195047, without making judgments about legitimacy. It displays freeze transactions but does not label them as scam indicators.
  • MetaMask: A wallet allowing interaction with any ERC-20 token, as noted in P2PS on CoinGecko, which suggests adding P2PS to MetaMask. It does not have a mechanism to flag tokens, leaving risk assessment to users.

An unexpected finding is the high number of freeze transactions (22), indicating systematic locking, which is unusual for legitimate projects and aligns with scam behavior, but platforms do not analyze such patterns for flagging.

Community and User Experiences

The community score, as seen in Is This Coin a Scam, indicates limited activity, with sentiment analysis showing mixed to negative views based on social media, but no widespread reports. The Reddit post (Reddit Post on P2PS Scam) had user engagement, with comments suggesting scam suspicions, such as "If you have to ask if it is a scam, it is" (blaziken8x, Score: 4) and "scams often create the illusion of value by listing tokens on exchanges with fake volume. the fact that most transactions fail is a big red flag" (justjoner, Score: 1). AutoModerator suggested reporting to r/CryptoScams, r/CryptoScamReport, or scam-alert.io for potential scam, with URL for scam reporting: scam reporting.

Conclusion and Recommendations

Given the evidence, research suggests P2PS is likely a scam token, with the owner's freezing activities and user reports supporting this. However, the lack of official reports and flagging on major platforms is due to their operational scope and the project's low profile. Users should be cautious, avoid investing in P2PS, and rely on community discussions for risk assessment, as official platforms may not provide scam warnings.

Attribute Details
Token Contract Address 0x4527a3b4a8a150403090a99b87effc96f2195047
Owner Address Likely 0xDaaE813dE1069665Ab697e45a965516E68A15A48, based on freeze activities
Freeze Transactions 22, primarily July 9, 2024, indicating systematic locking
Scam Reports Community discussions, e.g., Reddit, no official reports
Platform Flagging Not flagged on CoinMarketCap, Etherscan, or MetaMask, due to operational scope

This table summarizes key findings, highlighting the controversy and lack of official action.

Key Citations

--

Summary generated by Grok.

For full research, see:

https://grok.com/share/bGVnYWN5_3f8c80be-b217-4b0d-aa01-2602c35a25de

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