Mpeppe DeFi Investors Report Token Liquidity Issues

Investors Claim Mpeppe Tokens Cannot Be Traded

Mpeppe, the blockchain-based casino platform, has opened a new claim portal that allows users to access 25% of the tokens promised to them. Despite this, many investors are reporting significant issues, particularly with trading their tokens. The tokens, while claimable, appear to lack liquidity, leaving users unable to sell them on decentralized exchanges like Uniswap.

Investors Raise Concerns Over Fraudulent Presale

The launch of the claim portal comes after Mpeppe faced accusations of a fraudulent presale in August, where investors contributed cryptocurrency but did not receive the promised tokens. Blockchain records showed that all tokens were stored in a single wallet with no movement. Mpeppe has begun distributing 25% of the tokens, though the remaining tokens are expected to be released by December 25.

Claim Portal and Personal Information Requirements

The claim portal, which requires users to connect their wallets, does not ask for cryptocurrency addresses but requests personal information such as phone numbers and email addresses. While some users have successfully claimed their tokens, others have voiced concerns about the platform’s transparency and the inability to trade the tokens on decentralized exchanges.

Mpeppe’s Future Plans Amid Liquidity Issues

Mpeppe has also revealed plans for a Telegram-based gaming platform and an online casino, where users can place bets using Mpeppe tokens. However, investors are likely to remain skeptical until the liquidity issues are resolved, as the project’s long-term success depends on the ability to facilitate token trading.