I came across GivingToServices this week and I’m surprised it hasn’t received more scrutiny.

The project sold SVS as more than another speculative token. Investors could lock it into “fund baskets” to earn rewards, while 4% of those rewards would supposedly go to NHS staff and other public-service workers.

The pitch attracted investors and SVS reportedly reached around $0.066. Today, Coinranking shows no active exchange or trading pair, CoinMarketCap provides no meaningful current trading data, and the UK company connected to the project has faced overdue filings and strike-off activity.

An investigation published this week raises a more troubling question: were users shown growing token balances inside these baskets while the underlying token was losing its actual liquidity and value?

So the questions are:

Who controlled the undistributed supply? Did project-linked wallets sell during the price spike? How much was ever distributed to verified public-service workers? What happened to investors’ locked tokens?

People were already raising concerns about GivingToServices on Reddit in 2022. Four years later, the token appears effectively untradeable and there is still no clear public accounting of what happened.

Has anyone here held SVS or analysed it?

submitted by /u/Few-Rock-9443 [link] [comments]r/CryptoCurrencyRead More

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