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We typically categorize websites as potentially fraudulent for several reasons:

• You may be concealing your team's identity.
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• You may lack a well-crafted project whitepaper, or the existing one may be of poor quality.

Their official site text

TrendX logo

TrendX Whitepaper

Introduction

The $TRENDX token was developed as a result of the rapid and everchanging nature of "Microcaps". We noticed that when trading these projects there often emerges "trends" or "narratives" that attract a large amount of volume. Developers rush to build something related to these trends but by the time they have a product the money and volume has already moved onto something else. While having a niche focus is generally a good consensus in the business world we realized too many projects get pigeonholed and end up dying off as they are unable to adapt. This is why we decided to build a token that not only can adapt to any and all trends, but one that can make users money in almost all markets. One token to trade all trends, we introduce: $TRENDX.

Adaptability - The "X" in the name represents the ability for holders to benefit from any and all trends. Instead of having to rely on the success of ONE token, they instead get to benefit from any token that's part of what's trending.

Flexibility - The "X" in the name represents the ability to be flexible and allow us to pivot in any direction the market moves. This allows us to have a long term vision without having to rebrand.

Attractability - The "TREND" in the name represents the value and profitability of the token. When a trend is forming, it means a large amount of volume and money is flowing into one place. While other projects may benefit while it's hot, the second the trend changes their project statistically will die.

Functionality

This is a key element to all projects but one that rarely gets touched upon. In order for a project to do well long term it has to have utility, functionality, or value. Fortunately, we have designed $TRENDX to include all of that.

What's the utility?

There are 3 different "utilities" to those that hold the $TRENDX token. They are:

Payouts - Token holders that qualify and meet the minimum requirements will receive $ETH payouts to their wallets. After each payout, the requirements will change in order to keep buyers and sellers engaged. Generally, those that hold more than 1% of the supply will almost always qualify or be eligible for a payout.

Airdrops - With the introduction of the TrendX launchpad, we will be releasing tokens to qualifying holders. These tokens will be referred to as "Index Trading Tokens" or ITTs. These are uniquely crafted tokens that represent a current trend. Similar to an index fund, it will use the revenue tax from the token to purchase tokens that will make up a "basket" of "trending tokens".

Trending Tokens - For those that want exposure to tokens without the risk of rugs, investing in these ITTs (Index Trading Tokens) will allow you to receive payouts of promising tokens related to the trend. When people individually invest, they have more risk versus a collective entity that uses a replenishing revenue stream (taxes) to continue to accumulate these tokens.

Overall, the main utility can be broken down into holders receiving Free $ETH, Free Tokens, and exposure to projects without the personal risk of getting rugged. The more tokens you hold, the more likely you will qualify for the AirDrops or Payouts. Smaller accounts will still have a chance at these payouts and will often benefit from the larger accounts purchasing up more tokens, driving up the price.

Payouts

One of the biggest selling points for this token is that investors are given the chance to receive Ethereum ($ETH) payouts. By not using the native token, which is typically done with reflective tokens, we eliminate the constant sell pressure of people selling. When the fund reaches a goal (gets announced after each payout), there will be a 48 and 24-hour countdown. This allows last-minute buyers to get their affairs in order and to make sure they qualify for a share of the payout. Since the gamified feature of this token is that the rules change each time, there won't be any guidelines posted here. Generally, the rules will involve holding a certain amount of the tokens. For those that don't want to constantly follow along, holding larger positions more than 1% of the supply often will qualify for most things.

The Fund

There are two ways the fund grows:

Tax: A 5/5 buy and sell tax is the main source of how the fund continues to get replenished. As long as there is buying or selling, the fund will build value. What makes this model unique is that when the fund gets closer to a payout the price will generally be higher. When the fund gets emptied and holders are paid the value may temporarily drop, but this then creates value as it becomes easier to obtain the tokens and start building a position to collect money from the fund.