Topic: Be aware, so many scam coins are around - page 31. (Read 3690 times)

Thank you for this thread. This is true, most projects nowadays are scam. They are always finding new ways of scamming people. It's really sad that the moderators here are also supporting something dirty like this.

At first I thought this is a redundant topic but thanks I read it all and I now have the idea of the new method scammers are using now. Well, scammers are also smart people that they are able to figure this scheme out. But, what if vectisitch is also a victim here?

I think with what's been going around us for over a year people already know that scams are very eager to scam us all, even projects that looks too good to be true can turn to scam and escape our radar, just take a look at Resto after distributing tokens their devs are nowhere to be found.

Entering the market of ordinary investments, the investor has the opportunity to check the company in the new market yet, so you have to be careful not to invest a large amount for you. And not to regret about participation, if you have lost. I say, "thank you for the money", because I hold this opinion: if I am destined to earn here, it will happen, if not, then ........ But I'm in

agree with you, mostly ico project start on middle 2018 until now has many of them was fake, after they rob investor money, didnt pay bounty participant, and then run after that.

Thanks for the heads up mate,  I think I have seen this method of scam before until you brought it into the light.  This guys are relentless and will do anything to scam people. Everyone needs to be careful on the kind of project they join or promote.

So, if what you mean is people scam by the dev team; maybe you can add this too:

- abulaba token, bitcointalk forum ANN: https://bitcointalksearch.org/topic/ann-pri-ico-the-best-payment-in-the-world-3348816 ;
- vaynix ATM, bitcointalk forum ANN: https://bitcointalksearch.org/topic/pre-saleicovaynix-vendors-privacy-atm-3239397
- etc

I think there're hundreds of scam ICO's that you can read their announcement in this forum.
Forum Admin, staff and moderators do not moderate the ANN ICO thread, because their position must be on the neutral side.

So forum users must be smart in choosing which ICO platform they must choose to invest or be promoted in social media.

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