Prmoviescoin New
Early analysis of the smart contract (Contract address: 0xPrm...1337) reveals a hidden “transfer tax” variable. The owner can activate a 99% sell tax at any time. That means if the price pumps, you may be unable to sell more than $10 worth of tokens without losing everything.
Let’s look at the distribution model for the PrmoviesCoin New token:
Market Cap (Current): ~$2 Million (FDV) Holders: ~4,200 wallets (of which the top 10 wallets own 48% of supply)
When the top 10 control nearly half the supply, one sell order will crash the price to zero. prmoviescoin new
Users must stake 500 PrmoviesCoin New tokens for 30 days to remove pop-up ads and redirects from the Prmovies streaming interface. The longer you stake, the higher your “bandwidth priority.”
In a controversial move, the project claims to have created a “hybrid seedbox” where users who seed popular movie torrents receive 15% APY in PrmoviesCoin New tokens.
Title: prmoviescoin — A New Era for Movie Fans and Creators Early analysis of the smart contract (Contract address:
Body: prmoviescoin launches as a community-driven token designed to reward movie fans, support independent filmmakers, and create new ways to fund and access film projects. Key features:
Call to action: Join the launch community to participate in governance, nominate films for grants, or apply for creator funding.
Tags: #prmoviescoin #crypto #film #indiefilm #token #governance Market Cap (Current): ~$2 Million (FDV) Holders: ~4,200
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Streaming copyrighted content for profit is illegal in the US, EU, and India. Tokenizing that activity via a public ledger (Ethereum) makes every transaction traceable. No legitimate lawyer would advise this structure. The “DAO” argument doesn’t protect individuals from criminal copyright charges.
I reached out to the operator of the primary Prmovies mirror (via a contact form on .wiki). Their response was blunt: “We do not have a coin. We do not need a coin. This is a fake.”
The actual Prmovies site still runs on donations and pop-up ads. The PrmoviesCoin New project is using the brand without permission—a classic “brand squatting” attack.