AstraZionPrice

(AZNT)

No, the Philippine Securities and Exchange Commission (SEC) has issued cease and desist orders against the Astrazion Group, including entities like Astrazion Noble Task Community Foundation and Astrazion Global Holdings Philippines Inc., for allegedly engaging in unauthorized solicitation and sale of securities. The SEC has explicitly labeled their scheme as "fraudulent" and an "illegal multi-level marketing platform" used to promote AZNT tokens, indicating a lack of legitimacy and regulatory compliance.

The SEC alleges the Astrazion Group lured the public by promising that AZNT tokens would be listed on Coin Market Cap and major global crypto exchanges, and that their value would substantially increase. They also offered guaranteed daily returns of 3% and income through referrals. The SEC identified these characteristics as indicative of a Ponzi scheme and fraudulent activity involving unregistered securities.

The corporate registrations of Astrazion Noble Task Community Foundation and Astrazion Global Holdings Philippines, Inc. have been revoked by the SEC. This action was taken due to their involvement in soliciting investments without the required license and through a fraudulent scheme. Furthermore, Astrazion International is not registered as a corporation, partnership, or one-person corporation with the relevant authorities.

The AZNT Token is described as a TRC-20 standard cryptocurrency designed to adapt to market conditions. Its advertised features include staking, lending functionalities, and a burning mechanism. The project claims it aims to establish a decentralized environment for crypto exchange and generate passive revenue for its holders.

The AZNT Token operates as a TRC-20 standard token on the Tron blockchain. Despite the regulatory challenges faced by its associated group, the token is reportedly tradable on decentralized exchanges. SunSwap V2 is specifically mentioned as a popular option where AZNT tokens can be bought or sold.

The Astrazion Group allegedly enticed investors by guaranteeing daily returns of 3% on investments and promising additional income through referral programs. They also made assurances that AZNT tokens would be listed on Coin Market Cap and major global crypto exchanges, alongside projections of significant value increases. These incentives were cited by the SEC as characteristics of a fraudulent scheme.