Scams are rampant in the cryptocurrency world. We all know that they happen every single day. Some big, some small, some slow, some fast...

![image.png](https://images.hive.blog/DQmbuDc1QiT8jqieGdD9MWzLGQGKqLUmpLdmNvXhkGWzrRT/image.png)
<img src="https://files.peakd.com/file/peakd-hive/l337m45732/EoeEW138tverNwuADDdsbMtp3fzHkseXn7wqiNTbt7BinpT4HWK3tmJ1ktVpNojPAFy.png" alt="image.png">

## Unicorn Nodes

According to the official [documents](https://web.archive.org/web/20220401234810/https://docs.unicorns.money/), which has since been deleted along with the [website](https://web.archive.org/web/20220401003736/https://unicorns.money/).. Unicorn Nodes was supposed to be a "DeFi as a service" platform that was supposedly created to "enhance the lives of and reward new and experienced Unicorns in the Unicorn ecosystem". Fortunately, we can still access the website and docs via the good ole Wayback Machine, the internet archive. 

Just go back and read that again, and tell me if it makes any sense to you. Lol. It won't, I just wanted to point that out. The bad part about this project basically wiping itself clean from the internet is that only a couple pages were archived. This is really to the benefit of the scammers. One page that is available in the archive is about bonding.

![image.png](https://images.hive.blog/DQmNQSmJbXYc7ryEYJih2Uwv9y9tV3VZWcTbe4aXCvu4aeL/image.png)

So the idea here is clearly, get you to buy as many of their shit coins as possible. You buy the $RNBW tokens and use 10 of them to create a "Unicorn" which generates you passive income. It's like a staking node I guess was what they were going for. Bonding allowed users to purchase a Unicorn, skipping the $RNBW tokens, at a discount by using USDC (they knew they were gunna rug pull... why else would they want to get as much USDC as possible?).

The most I can find about how the thing is supposed to actually work is from the archived website. I guess what really blows my mind here is that people went to this shit website that looks **very scammy** and spent money on these tokens.

> 10 tokens are used to create a Unicorn to generate passive income at a high yield of 7% that will be rewarded directly from our native token $Rainbow into USDC! Accumulated $Rainbow can be used to compound and increase daily rewards at no tax rate! Each Unicorn nodes reduces to 3.5% 10 days after its creation, so your ROI is 19 days!

**Pro tip**: Any project promising you a return on investment is a scam. Sorry. There's literally no way that you can promise a dollar value return on investment when the token has no value. The only use is generating more of the tokens. The closest thing I can find to tokenomics is from a tweet thread [by TheBreadMaker with some screenshots](https://twitter.com/TheBreadMakerr/status/1505967524252368897).

![image.png](https://images.hive.blog/DQmdTzwMVnkmiYSsMkkXW5gbszjpqFKrm4KEVyooWnoNNvC/image.png)

It doesn't take a genius (or maybe it does...) to look at this and be at least a little skeptical. Smooth brained individuals clearly looked at this and saw "ROI in 19 days" and immediately threw money into it without actually doing any research. Just get a pencil and paper then do some basic math. Or just use your calculator on your phone. I don't care, just **do some damn math!**

Based on these tokenomics, if 1000 nodes are created on day one there would be 2500 tokens paid into the reward pool. Over 4 days, 700 tokens are paid out daily to the holders. That's 2800 tokens paid out in 4 days. So if no new nodes are created within 4 days, the reward pool is empty and the rewards stop coming. Do you see the problem here?

Pyramid scheme? The only way to keep getting paid is if more people invest and create nodes... 

I mean, just take a gander at the team members!

![image.png](https://images.hive.blog/DQmZsVyJYP7rLGR7St2JqRnh61e2HatoqUsGANcj1L4WLmm/image.png)

They're just random names with 3D unicorn avatars lol. If you were dumb enough to pump money into this, I feel like you almost deserve it. The only reason I say you don't fully deserve it is, these fuckers were preying on people like you and they knew it. They didn't even put any effort in really since this is bascially a fork of a similar scam.

Despite the shit tokenomics and horrible planning, then $RNBW token launched on Thursday, the 14th. Just hours after launch, the liquidity pool was drained. Luckily there was only around $129,000  invested in the pool before the token's price was smashed to $0. I dunno about you, but it I was gunna run a scam like this, I'd want to make a minimum of like.... $500,000. But hey, they took the money and ran.

They tried to claim that the protocol was hacked then did the ole Homer Simpson and disappeared into the bushes of the internet. All social media was deleted and the website was nuked.

![image.png](https://images.hive.blog/DQmQuNQmxoGDt4eM8dDZHhfo5iJUFLJptBBpTyKMcW9So8J/image.png)
![image.png](https://images.hive.blog/DQmc2FPE3asZtiwVTGGDK7LCKNeLzNh4aahRCJngnJqCvqJ/image.png)

Some poor souls are still trying to get answers that they will never get...

![image.png](https://images.hive.blog/DQmf3T6a8vF3ASy7Qt3dA1rqh472nevgXhPFkmvkTGEy9NX/image.png)

Face it people, you were scammed by the most elementary looking project I've ever seen. Like, this is just bad and screams scam all the way through. While it is a small amount of money in comparison to a lot of scams we see, it's still a scam. No scam is a good thing.

This just goes to show, **once again**, that you should always do your due diligence and research a project before investing. Not enough information available? Probably a scam. Horrendous website design? Probably a scam. Promise of daily return on investment? Probably a scam.

This isn't to say that every project doing nodes of this fashion are scams. This is just to highlight some things to look for when considering an investment. The cryptocurrency space is the wild west, and we are the only ones that are going to watch our backs.


<img src="https://files.peakd.com/file/peakd-hive/l337m45732/EoeEW138tverNwuADDdsbMtp3fzHkseXn7wqiNTbt7BinpT4HWK3tmJ1ktVpNojPAFy.png" alt="image.png">
<center><h2>Thanks for reading! Much love.</h2></center>

---

<center><h2>Links 'n Shit</h2></center>
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![image.png](https://files.peakd.com/file/peakd-hive/l337m45732/23wfqivNYvMpanQJk5LceUgt4YCffs3Hdy71eqG2EFakbGscpASxRE14rCEzNSuAQT6Jt.png)

<img src="https://files.peakd.com/file/peakd-hive/l337m45732/23tbPXvemQcWBqiz6G5Z9ZYyUqWr7AoZyrKNAr8npjBqekqNN2kbFQGttvrRGxEN5sGmq.png" alt="image.png">



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