Shiftal Coin (SFL): what it was and what we can verify
Shiftal Coin was presented as the native utility coin of the Shiftal P2P exchange. Here is how the archived pages described it and how to think about tokens like it.
Archive
How it was described
- Name and tickerShiftal Coin, SFL.
- Purpose"A powerful utility coin backed by and used on Shiftal".
- SaleDescribed as an IEO. An end-of-year sale was shown as live in December 2021 and as ended by March 2023.
- Price shown₹7 in December 2021, ₹6 in March 2023, as quoted on the site itself.
- ReferralsUp to 16% commission on coin sales through a three-level programme.
Allocation
Published allocation forecast
The page showed a "coin allocation forecast". Percentages below are as published; we cannot confirm they were followed.
- IEO private sale15%
- IEO public sale25%
- Founding team25%
- Partners and angel investors10%
- Research and development5%
- Shiftal ecosystem and legal10%
- Marketing and airdrop10%
Due diligence
Red flags to look for in any token
- Returns or rewards promised for bringing in new buyers (referral commissions on coin sales).
- A coin whose main use is on the platform that sells it.
- Claims of licences, audits or listings with no link to a public register or independent source.
- Prices quoted only on the seller's own site.
- Pressure to buy before a sale "ends".
None of these proves a project is dishonest, but together they are reasons to slow down and verify with independent sources before sending money anywhere.
Questions
Can I buy or sell SFL?
Not through this site: we sell no coins, run no exchange and do not track SFL markets. If someone offers SFL to you, treat it with caution, check independent sources first, and use the safety steps in our scam guide.
Back to the Shiftal archive.