I was scrolling my Twitter feed and saw a tweet with an account named Elonstax. The name felt interesting to me. Doing a bit of research, I found out that Elonstax is a new crypto project.
My initial thoughts were yet another crypto scam. And I kept scrolling my feed and forgot about it. But later that evening, I thought about that crypto, and I researched everything available on the internet! Sadly not much information is available as of now. So let’s see if Elonstax could be a good project to invest in, or is it yet another crypto scam!
What Is Elonstax Token?
Elonstax is a crypto project that aims to raise funds for Elon’s tax bill. We know how smartly these billionaires avoid paying their taxes by taking a salary of just $1. And our beloved Elon Musk does the same. Elon Musk has been under attack by the government and bureaucrats repeatedly for avoiding paying taxes. So he recently tweeted, “For those wondering, I will pay over $11 billion in taxes this year.”
Elonstax is a community-driven token to raise funds for Elon so to pay his taxes, so he can focus more on essential endeavors like his mission of inhabiting Mars.
This crypto project is focused only on helping Musk, so he no longer needs to avoid paying his taxes.
Is It A Scam?
Well, with the ever-increasing popularity of cryptocurrencies, we are seeing an infinite number of scams happening. Keeping this in mind, can we trust this project? With the number of resources available on the internet, it is difficult for me to trust this project. Although, they have a good website and Twitter account where they are actively posting content, some things still seem fishy about the project. To name a few, on their website they have clipped an article of Forbes where they wrote about the Elonstax project. But I scraped the whole internet and didn’t find any similar article written by Forbes.
Should You Invest?
This one is hard to suggest. But as of now, you shouldn’t invest in Elonstax. Yet I’m excited about the project as they are on a fun mission to solve a fun problem. I’m keeping a close eye, and if I find a good chance or some proof that this project is genuine and is here to stay, I will definitely invest in it.