After Rocket Fund partnered with Ethernity in the pre-sale, MrBeast’s name and logo also appeared in the Partners and Investors section of the company’s website. But for Coffeezilla, the real issue was the connections between MrBeast’s fundraising efforts. #TeamSea It hosted a two-month-long NFT charity auction where Ethernity could be used for purchases and donations.

A month after this charity auction, the Rocket Fund began selling Ethernity when the price of the token was partially inflated due to this effort. “Sounds scary, looks scary, scary,” Coffeezilla said.

“I don’t think this is a master plan to pump money in through a charity auction,” he described. “Also, do I think it doesn’t matter because selling tokens within a month of your bimonthly charity auction is wrong, stupid, and unethical, regardless of your intentions? Yes, yes I do.

“I don’t think this is a premeditated plan, but whatever your intentions are, if you’re a philanthropist, if you’re supporting a charity, your fund will fail while making millions of dollars in profit from selling the same $ERN token. It’s too bad that people bid on charity and you should feel bad about it.

MrBeast and XCAD

According to Coffeezilla, $XCAD is another example where MrBeast’s participation has increased anticipation for the crypto token. To be fair, unlike SuperVerse and Ethernity, MrBeast did not use Twitter to promote this particular token.

“The only reason we know MrBeast is on pre-sale is because there are a few articles boasting about it,” Coffeezilla explained. “Once again, MrBeast’s name was used instead of the fund (Rocket Fund) itself to promote this.”

Coffeezilla claims that a brand like MrBeast being tied to a particular token has a “huge impact” on its sales. The YouTuber makes the connection to Rocket Fund’s habit of using MrBeast’s name or branding to promote a particular token and then selling it early to make huge profits while leaving the founders of these startups adrift.

$XCAD Founder Oliver Bell spoke directly to Coffeezilla and confirmed that “there was a massive drain from a wallet connected to MrBeast’s team.” Rather than blaming MrBeast directly, Bell focused on Rocket Fund.

“I don’t think Jimmy has a bad heart or is a bad person, I think he has a genuine interest in the crypto space, but I think the team dealing with his crypto is completely clueless,” Bell said. Coffeezilla had a different approach.

XCADNetwork

MrBeast is not listed as an official partner of $XCAD.

“I don’t think Jimmy’s crypto team is clueless. “I think they saw the opportunity to make millions of dollars with MrBeast’s valuable brand and they took it and actually made millions of dollars,” he claimed. “They did some questionable things along the way. “Whether you think these are also illegal or not will probably depend on our unanswered questions.”

These questions primarily revolve around whether MrBeast was aware of and had a say in his team’s actions. According to Coffeezilla, it found no conclusive evidence one way or the other.

“A big part of the problem is that the man at the center of this story (MrBeast) can’t or won’t give more than a predominantly ‘lawyerly’ statement through a spokesperson who is a crisis management consultant,” the YouTuber concluded. He reiterated how seriously people are taking this issue and that ultimately “it’s up to them to decide.”