Is ACO a scam?

ACO is a decentralized, non-custodial alternative protocol built on the Ethereum Blockchain that allows users to trade, mint, and use call or set options. It works in a decentralized and trustless way, without having to depend on intermediaries and agents. Each set of options goes through an integrated ACOToken contract that is a harmonious ERC20. This mechanism makes the options interchangeable, fungible and predisposed for further DeFi combinations.

As a non-custodial platform, ACO allows users constant accessibility to their money being transferred over the network.

In fact, this means that the user has control of all his funds and can withdraw them at any time of his choice. In one place, you can buy, earn (write options) and manage your digital assets with ease. The ACO Flash Exercise is also a unique means of connecting users to Uniswap via flash swap V2.

All funds are safe, without counterparty risk, as all positions are fully secured. You can start trading on the platform immediately, as there are no sign-up requirements and all you have to do is link your portfolio.

Security is a top priority of ACO and, to ensure it, the smart contracts of the ACO protocol are subjected to a control by Open Zeppelin, a renowned company, and have undergone a meticulous subjective examination. In addition, the project periodically runs a bug bounty program that invites community members to report bugs and vulnerabilities to the team.

A lot of information about this project is not available. It is not listed on any major cryptocurrency exchange and we could not find its official website.

After doing our investigation, we found that there were a total of 429 token transfers by the contract owner, i.e. 0xd7f8f023B2A0961c05AFdE0A8Db38BA7Fd69a2f4 on May 20, 2022. This is the highest amount of ACO token transfers in the last 30 days. We can see the same screenshot from BscScan below.

In addition, approximately 9500 ACO tokens were transferred on May 7, 2022. In addition, approximately 24,700 ACOs and 4,700 tokens were transferred on May 19 and 20, 2022. We can see the same screenshot from BscScan below.

Here is the address of the token: It has a supply of 29,802.67181 tokens. Currently, 977 addresses hold it.

We will recommend our readers to be careful and perform their own research before investing in it. As crypto scams are on the rise nowadays, our readers should be on the lookout.

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