Logan Paul comes clean about his crypto project CryptoZoo and announces a 3 step plan. Let’s talk about it.
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Timestamps:
0:00 – Logan Paul apologizes
1:02 – Logan Paul has 3 step plan for CryptoZoo
4:14 – full internal investigation
4:49 – Logan Paul apologizes to YOU
5:26 – Can we trust Logan Paul to do this?
5:55 – #1 issue Logan didn’t address
7:50 – private group chats
10:34 – What do you think?
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I know this video is long overdue here It is I'm sorry guys I I apologize Um for for how the head this is unfolded Thus far and I want people to know that They can trust me and that I'll always Take care of the fans and people who Support me YouTuber Logan Paul has just Issued an apology to you the crypto Zoo Community and to investigative reporter Coffee Zilla after Logan Paul called him A criminal and threatened to sue him Coffee Zilla is not a criminal I called Him I apologized my initial response to His series was that of of a fire uh an Ego flare whatever it is pride I'm a Fighter at heart and I was Defensive Because I know I never scammed anyone With this project I never made any money Never sold any tokens and I only had the Best intentions going in but the fact is The suing coffee Zilla is not going to Help crypto Zoo holders so I do need to Focus my attention where it should be Which is on fans and supporters of me You guys mean the world to me so I'd Like to announce my three-step plan Moving forward so Logan Paul just an Announced a very interesting three-step Plan for his crypto project and its Holders if you're in crypto or if you Follow Logan Paul you're going to want To hear this we break down everything Here in this video and all the time at
Altcoin Daily this is why you subscribe So Logan Paul of course came under Fire From coffeezilla originally after Coffeezilla's three-part expose on Logan Paul's nft crypto game called cryptozoo Cryptozoo.com I am so excited about this Project it's it's it's so fun it's a Really fun game that makes you money a Fun game that earns you money how much Did you guys make from crypto zoo I lost Around fifty thousand dollars in cryptos I lost forty thousand dollars and I lost Around 15 000 US dollars I lost twenty Five thousand dollars one hundred twenty Thousand dollars five hundred thousand Dollars Australian which is half a Million in crypto zoo shut up Shut up yeah 500K Oh no today we're investigating Logan Paul's cryptos a blockchain game that Made Millions but never worked some of You guys think you know the story but it Goes so much deeper so because of the Press and because of the pressure and Because of people like you who shared The videos engaged with the videos make Sure people knew what was going on Because of all of this Logan Paul issued This statement today announcing three Big changes moving forward I'd like to Announce my three-step plan moving Forward step one Jeff and I are going to Burn our Zoo tokens so we have no Financial upside in the game and it will
Add value to older tokens step two uh we Want to offer a Rewards program for Players who are disappointed in the Status of the game so essentially you're Going to be able to burn your your base Egg or your base animal for the mint Price which was 0.1 each or the Equivalent in BMB I am personally Committing a thousand each to this which Is about 1.3 million dollars right now For players who want to get out and then Step three obviously finish and deliver The game as outlined in the white paper By completing the egg Bridge from eth to BSC for base animals and base eggs Completing the marketplace and and Obviously completing the releasing your Animals into the wild to accrue your Yield function so Logan's three-step Plan number one Logan and his manager Jeff are going to burn the tokens they Hold so they can't get any upside from Them plus the token Supply will become More scarce for those in the community I Guess so potentially it could be better For those token holders if they want to Continue with the project because then We get to number two it sounds like he's Allowing those who bought at mint to Redeem for the mint price equivalent in Eth or BNB so they can get their money Back and then Logan is personally Committing 1.3 million of his own money To this or 1000 ethereum and then three
He actually completes the game as Outlined in the white paper Logan Paul continues in the video saying That there will be a full internal Investigation and any additional Recovered funds will be given back to The community to say I am disappointed In how this was handled internally is an Understatement there's a full internal Investigation going on along with an Audit and we are going to pursue full Legal action for whomever needs to be Held accountable if any money is Recovered in the process it'll go right To the community my sole obligation is To my supporters subscribe to our Channel altcoin daily because if and When that ever happens we're going to Let you know how to claim that money Logan Paul finishes his apology to you I Know this video is long overdue here it Is I'm sorry guys I I apologize Um for for how the head this is unfolded Thus far and I want people to know that They can trust me and that I'll always Take care of the fans and people who Support me I appreciate your guys's Patience while we do our internal Investigation and I promise to be Transparent and disclose any information We find out in the process and lastly Thank you coffeezilla you have catalyzed This and I am very grateful for your
Work and your investigation and I mean That thank you bro so what do you think Do you think Logan is being genuine Will Logan Paul actually complete those Three actions Will he burn his tokens probably will he Refund those who minted probably will he Finish the game Probably but will it actually be a good Game and will he continue to lead the Project and continue to talk about it on His channel like he does with his sports Drink I don't know there is one thing that Logan Paul didn't address though I don't Think he really addressed the chat leaks Between him and the others involved Manager Jeff Eddie and the crypto King Seemed like they were all quite Literally plotting a pump and dump first For context these are their initial Private chats coming up with the idea For crypto Zoo this was all the way back In March of 2021 and see if you remember This this is them talking about how much Money they could make with this idea we Have to start in March of 2021 six Months before the token even launched Our four suspects Logan crypto King Eddie and Jeff are in a group chat Discussing cryptozoo which starts as a Copy of something else quote I like Imitating crypto kitties Jake the crypto King says Logan replies I agree and
Initially it wasn't called cryptozoo at All it was called crypto pets and then We're gonna sell a pets token and pretty Early on it became clear this was all About money how they were gonna sell This thing to investors in fact crypto King said he thought it was worth at Least 20 million dollars in only six Months saying the range is insane 20 to 210 million dollars it's beautiful Wherever we land Eddie jumped in at this Point and talked about how he could sell The project as an investment to a friend Matt Higgins saying quote he has to Spend that 350 million dollars somewhere Why not us and Logan says I love that Idea crypto King I'm in and of course You have Jeff saying let's go so you can See right there they wanted to sell this Game before it had even launched now Later Eddie amends the list of investors And says quote investors will be garyvee Todd Morley James altiture Ryan Kavanaugh and others confirmed on my end Supposedly they had a hundred million Dollars of investment interest so these Are their private chats that I don't Think Logan ever really addressed Because like I said it seems like They're quite literally plotting a pump And dump but you tell me did Logan Address this this clip is them deciding Not to do a pre-sale for crypto Zoo Because of potential legal problems with
An Ico pre-sale instead they choose just To buy up the tokens early pump it and Then that's how they make money it looks Like there was more issues than just Finding investors because the team Wanted to pre-sell tokens and not Everyone was sure it would be legal Jake The crypto King mentions that quote if We have a pre-sell it opens us up to SEC Issues and Jeff agrees and says don't Want to do anything that brings the SEC Eyeballs now not everyone wanted to be So cautious though Logan argues everyone Does pre-sale with coins Eddie agrees he Says you absolutely can do it I have the SEC down private and pre-sell and Honestly it was quite the Dilemma for This team who wanted money you know do a Pre-sale make millions but you know you Have these potential legal issues don't Do it you make less money so crypto King Comes up with a middle solution he says If we can't sell no pre-sale we can Still trade them in the liquidity pool And this is the start of a new disaster Which takes a bit of explaining now just So we're clear a pre-sale is where you Sell investors coins usually at a Discount before you've launched and then When you launch you give them those Coins now like I said the team didn't Want to do that so what they did instead Was they bought the tokens on the open Market right after launch but they tried
To get clever with it because they Didn't actually announce that they were Launching this coin at all they stealth Launched it on June 11th and didn't Announce this token through Logan until August 18th meaning they had all that Time to silently buy up as much of the Supply at a steep discount as they Wanted and the idea here was that doing This the team could get these tokens Extremely cheaply which is kind of like A pre-sale but you know without all the SEC troubles and crypto King makes this Clear on June 7th when he says quote Launch of the liquidity pool is where Huge money will be made because you get In cheaper and then says we the team Begin buying out the liquidity pool once The team has exhausted funds for the Liquidity pool buying we send the Contract address to friends family Investors who want to be able to get in So obviously the plan is we buy first Then we give it to our close friends and Family and then maybe the public Eventually right and even the day before Crypto King reminds everyone quote Zoo Day is tomorrow I highly recommend Everyone get a few hundred to a few Thousand dollars in zoo when it goes Live it will likely tend to a thousand X Anyways it's ultimately good that all of This stuff is coming to light I hope That Logan makes everybody whole because
Honestly I like Logan Paul I enjoy his Impulsive podcast I respect how he's Been able to stay relevant as a content Creator and also the transition he's Been able to make in his content Creation career as he's become an adult And he's atoned for his past sins unlike His brother Jake who sometimes comes off As a little But Logan's got to keep on the right Path we all agree on this anyways if You're interested in making money in Cryptocurrency if you're interested in Staying informed on crypto on a daily Basis subscribe to our channel altcoin Daily and let's chat about this in the Comments section below get your tickets To bitcoin 2023 Miami May 18th through 20th Miami Beach this year use code Altcoin daily 10 off this is the biggest Bitcoin Conference of the Year ticket Prices continue to increase as we get Closer to the event use code altcoin Daily 10 off get your tickets now
