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Topic: Be aware, so many scam coins are around - page 19. (Read 3690 times)

full member
Activity: 252
Merit: 105
Stake & Vote or Become a IoTeX Delegate!
Now that most of the people are well aware of scam ICOs, scammer has found another way to scam people. I have observed 3 projects till now which I will list here and give you a highlights how they scam people, specially the newbie.

1. Privcy
Privacy was a free airdropped coin which was distributed freely over the community for helping promoting the project. Later, they decide to reward more to the holder of the coin in airdrops. The more coin you hold, the more airdrop coin you get. Newbies started to buy coins for getting more airdrop coin and DEV were selling their coin. I am sure they had a lot of fake accounts participating in the Airdrop. Can you believe they scammed people in such a way? Now, the project is died, 24 hour volume is- $620 which was less than $100 couple of weeks ago.

2. Profish
Profish was an ICO which came into the exchange before the bounty end. They were listed in mercatox and used to have some fake volumes. I don't know what happened to their ICO but they sold a lot of coins through mercatox and later, the price is now 1 or 2 satoshi from 650 satoshi. This is also a dead project. They scammed people.

3. Helios Protocol- Be aware
Helios Protocol is now airdropping coin to their community. This attract my eyes when I see user vectisitch was vouching the project. He was a moderator in privcy, so, there's no doubt that both of the project are from same person and this helios shit is also going to scam money. I want to alert you guys not to invest in this scam project.
Here is the vouching comment- https://bitcointalksearch.org/topic/m.50087444


Scam coins always appear in the cryptocurrency market when the price is so bad. But at the moment, when the price of BTC have bull run and reach $5,500 only 8 hours. I think this time you should invest in Bitcoin in the short time to get huge money!! Investing NOW!
full member
Activity: 714
Merit: 102
Thanks for your information. Thats true, many people are scared to investing on ICO more, because many of ICO are scam and not paid bounty hunter. I think moderator must helping us for that trouble.
how do moderators help solve this problem, they are actually a fork for forums and activities that occur in the forum, the ones who can help are the Bounty Managers and of course we as investors or bounty hunters who must be good at choosing bounty or ICO that we will follow.
sr. member
Activity: 854
Merit: 281
Sadly, the scam ICOs tarnish the space and give the industry a bad image in the public eye. The number of scams are just too numerous to count. As always, investors must be extremely careful and diligent about the projects in which they choose to invest. I say go with your gut feeling and question absolutely everything.
member
Activity: 316
Merit: 10
Thank you for this information, a lot of help, because scam coins cannot be avoided but it could be prevented and sharing an information like this is one way to prevent such scam coins.
copper member
Activity: 448
Merit: 14
Fraudsters come up with a lot of nonsense, what would only deceive the common people. The investor now needs to be very careful and circumspect, but now I think the best option is to refrain from investing in any ICO.
full member
Activity: 476
Merit: 100
Now that most of the people are well aware of scam ICOs, scammer has found another way to scam people. I have observed 3 projects till now which I will list here and give you a highlights how they scam people, specially the newbie.

1. Privcy
Privacy was a free airdropped coin which was distributed freely over the community for helping promoting the project. Later, they decide to reward more to the holder of the coin in airdrops. The more coin you hold, the more airdrop coin you get. Newbies started to buy coins for getting more airdrop coin and DEV were selling their coin. I am sure they had a lot of fake accounts participating in the Airdrop. Can you believe they scammed people in such a way? Now, the project is died, 24 hour volume is- $620 which was less than $100 couple of weeks ago.

2. Profish
Profish was an ICO which came into the exchange before the bounty end. They were listed in mercatox and used to have some fake volumes. I don't know what happened to their ICO but they sold a lot of coins through mercatox and later, the price is now 1 or 2 satoshi from 650 satoshi. This is also a dead project. They scammed people.

3. Helios Protocol- Be aware
Helios Protocol is now airdropping coin to their community. This attract my eyes when I see user vectisitch was vouching the project. He was a moderator in privcy, so, there's no doubt that both of the project are from same person and this helios shit is also going to scam money. I want to alert you guys not to invest in this scam project.
Here is the vouching comment- https://bitcointalksearch.org/topic/m.50087444



These are only few from the thousands of scamcoin or shitcoin that existed to stole money and believe it or not, some of them are still  listed and traded on exchanges. The most famous right now is Tron which is extremely hyped and those poor people thinking that it's a legit project just like how many people before perceived bitconnect.
member
Activity: 910
Merit: 12
Yes, unfortunately there are many scam coins in the market. And unfortunately, the number of these scam coins increases every day. And this situation causes people to be afraid of cryptocurrency and stay away. So we have to do a good research before investing. We need to know about the project itself and the team members about everything.
full member
Activity: 223
Merit: 111
Scam ico, I guess, is everywhere in any form of business here in crypto world. In fact, it became rampant during 2018.
That's why year 2018 was the worst time for the ICO campaign where most of them are scammers. Even up to now, in
seeking bounties, it is still difficult to determine the legit one. So as a bounty hunters, we need to be careful and wise in choosing before joining in.

A lot of good coins launched in 2018 its just that they got drowned out by all the garbage ones

2019 is shaping up to be a much better year, hopefully we will see a repeat of that magical 20k bitcoin run.
sr. member
Activity: 438
Merit: 256
Redot.com - Trade Like a Pro, Earn 70% of Referral
Yes, but dont be to scare for invest your money on cryptocurrency like Bitcoin, Ethereum, Cardano, Litecoin, Dogecoin and NEO. Because many ALTcoin is very potential for us to get profit. So you can try to invest a bit of your money.
sr. member
Activity: 854
Merit: 252
Scam ico, I guess, is everywhere in any form of business here in crypto world. In fact, it became rampant during 2018.
That's why year 2018 was the worst time for the ICO campaign where most of them are scammers. Even up to now, in
seeking bounties, it is still difficult to determine the legit one. So as a bounty hunters, we need to be careful and wise in choosing before joining in.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Thanks for your information. Thats true, many people are scared to investing on ICO more, because many of ICO are scam and not paid bounty hunter. I think moderator must helping us for that trouble.
I don't think so for a obvious reasons. The idea behind the bounty campaigns to increase the awareness for the project. Not all ICOs are scam and it is job of the investor to check the all necessary details before deciding to invest in or not. Bounty hunters are not priority for projects,unfortunately.
sr. member
Activity: 686
Merit: 251
Thanks for your information. Thats true, many people are scared to investing on ICO more, because many of ICO are scam and not paid bounty hunter. I think moderator must helping us for that trouble.
full member
Activity: 223
Merit: 111
People still call bitcoin a scam, I see it all on youtube and the rest of the inernet.  You can never really be sure that something is a scam unless it is absolutely blatant.

I will never stop buying altcoins because they are the most exciting investment.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
As we just know that Helios is not a scam, so you should remove Helios name from the list! But for the other two coins, I agree with you. Profish looks like an open scam! I mean the project looks dead but some admins are still replying in their telegram group and it's coin rank also not that bad in CMC! Not only these two coins are fishy, but I can also tell you more names! I am researching on them and will make a thread if I get every information!
member
Activity: 555
Merit: 12
Cool info, let me add to your post. The new pattern used by scam projects  is as follows 👉 do airdrop and bounty without ICO, list on an exchange which charges reduced listing fee, manipulate the price, create an update showcasing lambo soon, then dump on crypto enthusiasts who FOMO. i've been a victim with one rubbish project called Xentimentum, they listed on hotbit, and promised a lot (fake) in healthcare sector. Please let's be guided, all that glitters ain't gold.
jr. member
Activity: 126
Merit: 2
The fast-moving world of cryptocurrencies allows quite a few opportunities for traders. New cryptocurrencies and tokens often rise at a rapid clip, drawing a lot of attention whether they originate in a fork like Litecoin Cash or from an ICO. Yet in many cases, these shiny new coins are no more than a scam: a pump and dump scheme that should be avoided at all cost, as they can cost us the full cost. With the explosion of cryptocurrencies, there has also been an unwelcome rise in crypto scams or scam coins. An in-depth research is needed to assess new coins, like with any other investment
full member
Activity: 658
Merit: 112
I believe that only the new welcomers could catch the scamming waves which comes from ICO's today. If the newbie make some good researches he would know that he should never invest an ICO project anymore. So scammers needs newbies which never make any researches. 
sr. member
Activity: 1414
Merit: 260
As of now they have so many scam coins always come in crypto. And sometime we buy on it, So must better we need to research if we want to to buy some potential coins and to avoid also to those scam coins.
member
Activity: 714
Merit: 11
Sure! That is a lot of scam projects but less than it was earler. A year ago almost 4 of 5 projects was a scam. But now market is more clear how I see. The reason is - falling of market.
jr. member
Activity: 152
Merit: 1
Lucky that I did not waste my time in the profish campaign, I tried to visit their website, but something fishy with their website it just ordinary with a little blog catching fish.

Not just profish, almost all new coins shouldn't be created because all they offer is something that easily solved without the need of digital currency. So, I always take my time to study projects I want to invest my money or time on.
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