- The PAYU project raises the question of fraud with entirely bot-driven social media accounts and ambitious goals.
- Claiming to have a collaboration with GTA 6 while GTA 6 has not even been released is a rather amusing situation for PAYU.
- In addition, the PAYU project has left the management entirely to the Turkish community. How? The claim that the PAYU project is foreign is actually completely wrong.
Is PAYU, which started as Memecoin and claims to turn into a money transfer company, really a reliable project?
Is PAYU Project a Scam? Here are the Details!
Starting as a meme coin inspired by popular meme coins like PEPE, DOGE, BABY DOGE, and FLOKI, the PAYU project raises the question of fraud with entirely bot-driven social media accounts and ambitious goals. Now, let’s take a look at the CoinOtag team’s review of the PAYU project…
The project, which emerged in June 2023, was initially launched as a meme coin. Unable to gather enough audience with the meme coin hype, PAYU later started to transform into a payment company by changing its goals. However, there is no evidence that it has turned into a payment company.
After the rumors that PAYU started the money transfer era, it announced on its website that it had partnered with companies such as PayPal, Skrill, En Para, Venome, Beem, and Zelle. However, these partnerships have no basis. There is no official partnership.
In addition to these baseless and fake partnerships, the announcement that the PAYU project has applied for a license in the states of Arizona, Rhode Island, Maryland, Georgia, California, Michigan, and Missouri in the U.S. after starting the money transfer era was ridiculed by the community. These applications also have no basis, proving the fraud.
As if all this were not enough, the statement by the PAYU team that there is an agreement between PAYU and GTA 6 further complicated things. It turned out to be quite a funny situation for PAYU to claim a collaboration with GTA 6 when GTA 6 has not been released yet. This should not be surprising, as GTA 6 was being discussed on social media during the period when PAYU made these announcements.
Even if they managed to realize all these, the poor quality of the site interface and the appearance of the system reveal that they are completely fake. A company doing such a large and important business as money transfer cannot have such a poor interface and system.
In addition, the PAYU project has left the management entirely to the Turkish community. How? The claim that the PAYU project is foreign is actually completely wrong; the project is managed by a Turkish person and has exposed its unsuccessful track record with its behaviors. The simplest proof of this is the activity in the project. The team of the PAYU project is not active enough, and they only share announcements. The administrator (the person who actually manages the project) in the Turkish community supports the PAYU project more.
Not to mention the bots used on social media… Likes and RTs are entirely made up of bots, and when they are unlucky, these bots quickly decrease, and imbalances emerge. There is no community at all; those holding the project’s coin are mainly Turks.
Also, the danger in the PAYU coin chart creates a similar image to rug-pull projects. PAYU experienced a decrease of more than 81% from its ATH level. After June, PAYU deepened its decline and victimized investors.
Other reactions to the PAYU team
The absurdities in the PAYU project do not end here, and the reactions on social media show how bad the situation is. Some reactions shared below show that there are suspicions about the project, and people do not believe it.
Some participants in the community claim that they cannot open the PAYU chat group and are deceived. In addition, the general opinion is that this project is managed by a group of Turks. The investors of the project are also mostly Turks.
Similarly, in another discussion, an X user previously claimed to be an administrator in the PAYU chat group made a post expressing his lack of trust in PAYU. The user emphasized that the PAYU project is not reliable.
Users commenting on this post also agree with the general opinion; the project is managed by a Turkish person. Most community members express regret for investing and state that the promises given are not kept.
As it also appears on social media, community members who do not trust the project express their concerns. People are right not to trust the project; announcements are made, but these announcements have no basis. PayPal partnership: Does PayPal know about it?
PAYU, which could not gain enough momentum in the meme coin frenzy, is now turning to the popular GTA 6. It claims that there will be a collaboration with GTA 6. Of course, this situation, like other events, has no reality. Completely fake.
In addition to these situations, there is an effort by the PAYU team to create a fake pressure on the CoinOtag team. What you can see in the email below is as follows: Our team is offering $1,000 to the PAYU team and emphasizing: the amount to be paid is $1,000. However, they drag the agreement into chaos by saying in the email from the PAYU team that they are sending $500. Of course, we state that we cannot accept this and they resort to a threat. In this case, the identity of the project manager is revealed. He also plans to abandon the project.
Now, in the light of this information, think twice before investing in PAYU, which has aimed to be an unreliable and completely fake project…
