The largest bank in Russian federation Sberbank denied that they are involved in the newly launched Sbercoin.
The coin can be trade in pancake swap.
The project is offering high returns to buyers of the token, which was launched shortly after Bank of Russia allowed Sberbank to issue digital currencies. Which is why people mistakenly thought that it was issued by the bank.
The project has been promising investors up to 383,025.80% fixed annual percentage yield (APY) on the money they put into a token.
SBER token was launched on March 17, the day the Central Bank of Russia (CBR) authorized Sberbank to issue digital financial assets.
This is why you shall do your research first and confirm things before you invest into somthing.
