“Ontario Meme Coin Scam”
WARNING: CanuckAI detected telltale signs of a typical Crypto SCAM. Extra vigilance is strongly advised.
Doug Ford has responded to US tariffs by launching a provincial investment program in digital currencies: with full public access
His surprise announcement has come after previously announcing a dollar-for-dollar tariff war with the US.
Ontario premier Doug Ford made the announcement in an effort to boost consumer confidence and protect Ontario’s economy.
Ford has reportedly taken Trump by surprise with the move. The US president is said to be furious at having lost his bargaining power with Canada’s biggest province, with Ontario’s government now having the upper hand with the launch of a new groundbreaking platform.
The program, called CanCap, is supported by the provincial government and backed by the Bank of Canada’s new digital currency. The program is taking advantage of the boom in cryptocurrencies since Trump was announced as the next president and will allow Canadians to invest in digital currencies at zero risk.
In his announcement, Ford made clear that his primary objective with CanCap is to ensure Canadians do not see a drop in income from Trump’s unprecedented tariff hikes.
Premier Doug Ford at the unveiling of CanCap.
Ford has officially made the CBDC backed investment program available to the public this week. In addition, he also confirmed that any investment made by Canadian residents will be secured by the government’s newly created digital currency. In other words, there is no risk to Canadians who wish to take advantage of the highly anticipated CanCap program.
In an effort to get the word out, Doug Ford appeared on CTV’s Power Play with Vassy Kapelos to spread the news.
Doug Ford’s exclusive interview with Power Play’s Vassy Kapelos.
V. Kapelos: The entire nation was shocked by the announcement. Nobody ever thought you would reverse your position on making cryptocurrencies mainstream.
D. Ford: Drastic times call for drastic measures. Donald Trump has forced our hand with these tariffs. This is just something we had to do in order to protect our economy and Canadian dollar.
V. Kapelos: Can you tell us more about CanCap?
D. Ford: Absolutely. CanCap is actually something we’ve been working on for awhile after seeing how beneficial it has been for other countries since adopting the technology.
China, for example, adopted a digital currency for the public that unlocked hundreds of billions of yuan for it’s citizens to earn through cryptocurrency investment plans like CanCap. Canadians can now invest in cryptocurrencies without any real risk.
We “adopted” the same idea over a few years ago now and set up a test fund very quickly, what we found out was shocking. We discovered that if we pooled these assets into respectable crypto funds managed by fund managers and backed by a central bank digital currency, we could enhance greater investment returns for all participants.
V. Kapelos: Why is this the first time anybody is hearing of this?
D. Ford: Like I said, we were forced into action a little quicker than we would have liked. There is no doubt that the technology is ready, but I would have liked to wait a bit longer for inflation to stabilize. Unfortunately, Donald Trump has forced our hand and so effective today, it is available exclusively to Canadians. I am incredibly proud of the work we’ve done.
V. Kapelos: Can you show us how to access CanCap?
D. Ford: It’s very easy, it’s online through the exclusive link. Pass me your phone and I’ll register you in 30 seconds. By the end of the interview we’ll see how much money you’ve made.
Vassy handed the Premier her phone. He quickly signed up with her email and cell phone number, and waited for the platform’s account manager to call within the next 60 seconds to get started.
V. Kapelos: So that’s it? What’s next?
D. Ford: Yes, you just need to register and wait a minute or two to speak to your account manager to get verified. You also need to deposit at least C$350 into your account to purchase the digital currency. It earn’s money by making trades against other currencies and assets.
For about 20 minutes longer, the host and Doug Ford discussed the impact of modern technology and speculated on which professions might disappear due to artificial intelligence.
D. Ford: So, shall we take a look and see how much money you’ve made before our chat ends?
V. Kapelos: This is incredible. Thereās now C$396 in my account. I havenāt even done anything, and Iāve made a net profit of C$46 in less than half an hour!
D. Ford: Now, calculate how much you could earn in a month. The program will continue to work even while you sleep. You could withdraw profits every day, but if you waitāwithin 5 to 6 months, you could earn your first million.
V. Kapelos: Amazing! I see 4 successful trades so far. So the total income is steadily increasing? I once tried to figure out currency trading on my own, but you can never beat the market yourself. And here, I donāt even have to do anything.
All links to the “Ontario Meme Coin Scam” have been stripped off as advised… the above is likely yet another crypto scam designed to defraud the unsuspecting populace.
WARNING: CanuckAI detected telltale signs of a typical Crypto SCAM. Extra vigilant is strongly advised.
It’s not known why Doug Ford is used to promote the “Ontario Meme Coin Scam” since the Premier of Ontario isn’t exactly a trustworthy figure considering the massive scandals associated with his administration.
Reference: What is a “Meme Coin Scam” conducted by a State Actor such as President Milei’s $Libra?
CanuckAI: How to avoid being scammed by fake Crypto Ads?
Avoiding scams in the crypto space, especially fake crypto ads, requires vigilance and a healthy dose of skepticism. Here are some practical steps to protect yourself:
1. Be Skeptical of “Too Good to Be True” Offers
- If an ad promises guaranteed high returns, free crypto, or “risk-free” investments, itās likely a scam. Crypto markets are volatile, and no one can guarantee profits.
2. Verify the Source
- Check the Website URL: Scammers often use URLs that look similar to legitimate sites but have slight misspellings or extra characters.
- Research the Company: Look for official websites, social media accounts, and reviews. Legitimate projects have a clear online presence and transparent team information.
3. Avoid Clicking on Random Ads
- Be cautious of crypto ads on social media, search engines, or pop-ups. Scammers often use paid ads to promote fake giveaways, wallets, or exchanges.
- Instead of clicking on ads, manually type the official website URL into your browser.
4. Double-Check Celebrity Endorsements
- Scammers often use fake endorsements from celebrities or influencers. Verify if the endorsement is real by checking the celebrityās official social media accounts or website.
5. Look for Red Flags
- Poor Grammar and Spelling: Many scam ads contain typos or awkward phrasing.
- Pressure to Act Quickly: Scammers often create a sense of urgency to push you into making hasty decisions.
- Requests for Private Keys or Seed Phrases: Never share your private keys or recovery phrases with anyone. Legitimate companies will never ask for this information.
6. Use Trusted Platforms
- Stick to well-known, reputable exchanges (e.g., Coinbase, Binance, Kraken) and wallets (e.g., Ledger, Trezor). Avoid downloading apps or visiting links from untrusted sources.
7. Enable Two-Factor Authentication (2FA)
- Protect your accounts with 2FA to add an extra layer of security. This makes it harder for scammers to access your funds even if they get your login details.
8. Educate Yourself
- Stay informed about common crypto scams, such as phishing, Ponzi schemes, and fake ICOs. The more you know, the better you can spot red flags.
9. Verify Social Media Accounts
- Scammers often create fake accounts impersonating legitimate projects or influencers. Look for verified badges (blue checkmarks) and cross-check account details.
10. Report Suspicious Ads
- If you encounter a fake crypto ad, report it to the platform (e.g., Google, Facebook, Twitter) and warn others in the community.
11. Use Ad Blockers
- Consider using ad-blocking software to reduce your exposure to malicious ads.
12. Trust Your Instincts
- If something feels off, trust your gut. Itās better to miss out on an opportunity than to fall victim to a scam.
By staying cautious and following these steps, you can significantly reduce the risk of being scammed by fake crypto ads. Always remember: If it sounds too good to be true, it probably is.
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