What is TUF Coin? Distinguishing Between Homonymous Tokens
In the cryptocurrency market, duplicate or similar token names are not uncommon. When referring to "TUF Coin," it's necessary to distinguish between at least two different tokens, which are based on different blockchains and have distinctly different backgrounds and market statuses.
1. TUF Token (ERC20)
- Definition and Use: TUF Token is an ERC20 token based on Ethereum, designed to provide a suite of advanced trading tools for the Decentralized Finance (DeFi) sector, including sniper bots, tracker bots, the TUFext trading interface, and NFT and miner bots. Users holding TUF tokens can gain different levels of access to the Tufext website and its functionalities.
- Technical Features and Risks: This token charges a 5% fee for buying and selling transactions, with 1% allocated to the liquidity pool and 4% for marketing and team operations. It's worth noting that GoPlusLabs previously warned that the smart contract of this asset could be modified by its creator (e.g., disabling sales, changing fees, minting new tokens, or transferring tokens), which introduces potential centralization risks.
- Market Status: TUF Token was launched in 2022. As of the time of writing, public data shows its 24-hour trading volume is $0, its self-reported market capitalization is also $0, and the number of holders is only 122 addresses. These data indicate that the token no longer has an active trading market.
2. TUFT Coin (BEP-20)
- Definition and Use: TUFT Coin is the BEP-20 utility token of the TreasureFun platform, which was rebranded from TreasureNFT. TUFT is positioned as the native token for the NFT and gaming platform TreasureFun.
- Background and Controversy: The TreasureNFT platform was launched in 2021, claiming to be an AI-driven NFT marketplace and promising high daily returns of 4.3% to 6.8%. However, the platform subsequently faced numerous user complaints about frozen or obstructed withdrawals, and its referral structure was widely described as resembling a pyramid scheme. Following these negative events, TreasureNFT rebranded to TreasureFun and introduced TUFT Coin as its new token. This project exhibits typical Ponzi scheme characteristics, and investors should be wary of its high-risk nature.
- Technical Features and Risks: The TUFT contract has been verified on BscScan, with no taxes on buy and sell transactions, and independent analysis found no minting, blacklist, or balance editing functions. However, given the negative history of its predecessor, TreasureNFT, and the highly concentrated ownership where one wallet holds approximately 20% of the total supply, the token carries significant reputational risk and potential market manipulation risk.
Where to Trade TUF Coin?
Trading Status of TUF Token (ERC20)
Given that TUF Token (ERC20) currently has a 24-hour trading volume of $0 and a self-reported market capitalization of $0, the token no longer has an active trading market. Although some market data platforms like CoinMarketCap and Coinbase still list its information, effective trading is no longer possible. Before trading, you can verify the latest prices and project information on Svmuu, but please note that its market liquidity has dried up.
Trading Status and Risk Warning for TUFT Coin (BEP-20)
Due to the severe Ponzi scheme characteristics of the project associated with TUFT Coin (BEP-20), TreasureFun (and its predecessor TreasureNFT), and widespread controversy regarding its reputation, we do not recommend participating in its trading. Currently, there are no reliable active trading channels for this token. Investors should fully recognize the high-risk nature of such projects and avoid potential asset losses.
