Is Tech lead's million token scam a scam?

Tech Lead's Million Token scam has been exposed as their community implodes. As you all know, there is a scam token created by the infamous Tech Lead and marketed to his Youtube and twitter followers.

Is the million token (mm) a crypto millionaire?

Although the Million token (MM) has solid fundamentals and value propositions, this doesn’t necessarily mean it’s making every investor or trader a crypto millionaire. The Million token (MM) is a deflationary asset with a capped supply of one million tokens ever to be created.

How much money does techlead have?

The most interesting aspect is that TechLead claims to have backed up the supply of Million with his own $1 million initially. He also promises to maintain the peg of Million with his own money, so it can never fall below 1 USDC. However, other YouTubers and Twitter users have accused him of misleading buyers about this.

What is the market cap of the million token (mm)?

The market cap at launch was $1 million, equating to a pegged $1 value for each Million token (MM). Unlike stablecoin assets whose maximum supply adjusts to maintain the $1 peg, the MM token has a fixed hard cap ingrained into its smart contract. This means that it is cryptographically secure and there can be no further coins created.