Known as the “Pharaoh of Bitcoins” for commanding mega financial pyramid scheme involving cryptocurrencies, Glaidson Acácio dos Santos is now the name of his own cryptocurrency. The currency was named GASBitcoin, in reference to the name of the company GAS Consultoria, founded by the businessman.
On the digital currency website, the project is presented as a tribute to the “king of Brazilian bitcoin”.
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According to the newspaper O Globo, the token is based on the Binance Smart Chain network and is on pre-sale, scheduled for release next month. The document with the detailed project (white paper) and the description of the project phases (roadmap) are still in the final stage.
In August, the Federal Police discovered that the Pharaoh of Bitcoins moved around R$ 2 billion in 6 years, using companies controlled by GAS. According to Operation Kryptus, Glaidson owns companies worth R$136 million and set up a pyramid scheme that tricked many people, including artists like the comedian Diogo Portugal.
“This company changed the lives of thousands of Brazilians while paying 10% a month to its investors, closing its activities after being the target of a police operation, even without having harmed any of its investors. In that operation, 38 billion of the company’s accounts and 591 bitcoins were blocked. For this reason, our token appears as an alternative to its former investors and a tribute to the ‘King of Brazilian Bitcoin’”, says the page of GASBitcoin.
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