Be careful of strange projects - page 28.

cryptobae10

jr. member

Activity: 658

Merit: 5

Quote from: Jadesola on January 09, 2019, 06:51:01 AM

Many fake projects have been developed and even listed on different exchanges, we need to becareful of the kind of coin we invest in.

Yes you are right about several fake projects
And they are all listed on exchanges lol

Let’s be careful and do concrete researches

Be careful with etherum vision classic, there are news they request private key

Argoo

sr. member

Activity: 2352

Merit: 245

Quote from: Ostonian on January 09, 2019, 04:53:16 AM

Today it is hard to avoid investing in scammer projects. Scammers very carefully forge projects and pass them off as promising. And we realize that we have been deceived after a while, but nothing has changed.

Yes, unfortunately, this is true. A stranger has very few opportunities to verify the project and its team. You go on the Internet, and there almost all the information about such a project is only from the ICO team itself. Therefore, in order to fundamentally improve the situation with fraud in ICO, we need government regulation of ICO activities. If the ICO team is checked by the relevant state authorities and, moreover, the collection, or even better, the targeted use of the collected funds, as provided for in the prepared rules of ICO regulation in Russia, then fraud in the ICO will practically disappear.

vertinfos

member

Activity: 518

Merit: 10

Quote from: bittick on January 09, 2019, 05:11:59 AM

Quote from: Ifemini1 on January 09, 2019, 04:17:07 AM

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

You should mention ethereum classic vision in your thread too. It has asked the participant's privatekey to receive the airdrop and someone found that the privatekey will have sent to the its server.

If a project asks for a private key here you can immediately understand that this is a Scam , I also think that this project is a Scam!

jekainvestor

sr. member

Activity: 924

Merit: 255

I more inclined to trust the proven information only, all the information about the coin should be checked before investing into it, although I think even I am sure that this is just the begining.

vhns222

full member

Activity: 504

Merit: 105

Its not about name only, but about Whitepaper and all project,so before investing in any ICO investor need make realy good research about it, even check team members social networks.

whirlcoin

full member

Activity: 602

Merit: 111

Quote from: #Darren on January 09, 2019, 11:23:17 AM

It is not a new point that you should always be careful with every project where you put your own money in. Unfortunately people are too lazy at the moment and they do not want to even spend some time by reading whitepapers.

Some projects will make you more stressful when they are not paining are they are getting more work from you this will be most bad thing for a cryptocurrency used to be digest easily but some people will not make anything not taking so easily this will reach to more problem.

pokxon

jr. member

Activity: 490

Merit: 1

I usually don't care about coins with a copy name. There seems to be nothing but a little thing and try to list exchange platforms to attract people's money. The total number of them is too large and the team only thinks about money so it is not good for investors

#Darren

sr. member

Activity: 784

Merit: 250

DIA | Data infrastructure for DeFi

It is not a new point that you should always be careful with every project where you put your own money in. Unfortunately people are too lazy at the moment and they do not want to even spend some time by reading whitepapers.

Novatech8

member

Activity: 700

Merit: 27

Sovryn - Brings DeFi to Bitcoin

You are so right thanks for this info ,same goes for ethereum classic vision and wavex

Ulumorzki

member

Activity: 434

Merit: 11

🤖UBEX.COM 🤖

Thank you for your warning. It is good that someone will remind about this kind of issue. It will give warning to all bounty hunters and investors.

chocopapaya

full member

Activity: 686

Merit: 131

I don't feel sorry for people who invest in these shitcoins.
It should be totally obvious they are not the real thing.
And if they get scammed, then that means they didn't do their due dilligence.

A lot of these are get rich schemes by hardforking a popular chain.
Since most blokchains are open source any dev or tech savvy person can go in and hardfork it.
Then, you don't have to go through the laborious process of premining it.

Or, they are actually using a token, like a erc20 or nep5, and just calling it bitcoin ______, or eth _______

since there are so many decentralized exchanges nowadays, you can get that coin up and selling in no time.

Starfranko

jr. member

Activity: 672

Merit: 1

I think utmost circumspection should be employed by investors when putting their hard earned money into projects in order not to fall prey to some smart guys out there who are looking for every loop hole to rip off unsuspecting member of the investing public. As they say to be forewarned is to be forearmed . We just need to be really careful

Andruha1993

jr. member

Activity: 1008

Merit: 1

Now a huge number of scammers and choose a project that will be successful is very difficult. Even an experienced person is difficult to make a choice. Therefore, scammers need to beware.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: rdewilde on January 09, 2019, 10:53:13 AM

Quote from: RasenShuriken on January 09, 2019, 08:25:28 AM

Quote from: Thanasis on January 09, 2019, 04:20:21 AM

Lot of coins also created with the name of bitcoin too,so the investor need to know their coin before investing on it.I don't think people are much fool to find and differentiate in no time.

The most success bitcoin fork is called bitcoin cash and there is no competitor of the fork coin of bitcoin will raise success as bitcoin cash.

But now Bitcoin cash is gone. I'm quite disappointed about hard fork Bitcoin ABC and Bitcoin SV. They make the market worse by their battle and make Bitcoin cash disappear from the crypto market

It was purposely done in my opinion, this is what makes Ver richer and you have to really think why on earth he started to promote all for the economic freedom yet making the price plunge over and over. Someone must be behind him. You just can't trust a crook who had been forking to make money for himself. Mind you he may be doing it again.

rdewilde

full member

Activity: 925

Merit: 100

Quote from: RasenShuriken on January 09, 2019, 08:25:28 AM

Quote from: Thanasis on January 09, 2019, 04:20:21 AM

Lot of coins also created with the name of bitcoin too,so the investor need to know their coin before investing on it.I don't think people are much fool to find and differentiate in no time.

The most success bitcoin fork is called bitcoin cash and there is no competitor of the fork coin of bitcoin will raise success as bitcoin cash.

But now Bitcoin cash is gone. I'm quite disappointed about hard fork Bitcoin ABC and Bitcoin SV. They make the market worse by their battle and make Bitcoin cash disappear from the crypto market

EthanKai

member

Activity: 158

Merit: 10

Quote from: Ifemini1 on January 09, 2019, 04:17:07 AM

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

Its sad that there are a lot of people who can victimize people of their through these type of scams. I how people wont get attracted to easy gain by joining these scam projects that are everywhere right now

Herdirfauzi

sr. member

Activity: 574

Merit: 250

Quote from: Ifemini1 on January 09, 2019, 04:17:07 AM

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

the participants who joined the project seemed like they didn't read in more detail, or they had never had a bad experience scam. and they are tempted by the high allocation of funds. so that it does not rule out that they will leave it.

Denies

full member

Activity: 532

Merit: 170

Quote from: Ifemini1 on January 09, 2019, 04:17:07 AM

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

that's why we should prioritize experience especially for knowledge for ico, but now eth has improved so that not all ico can use the smart contract. yes according to what I have read.
and I think there are a lot of ico projects that are experiences for all of us to be more able to learn and be careful.

bboyjohn

full member

Activity: 448

Merit: 100

Quote from: shad_ow90 on January 09, 2019, 08:17:15 AM

Quote from: Ifemini1 on January 09, 2019, 04:17:07 AM

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

Yep, there is many coins like this. Recently, follow by the hard-fork event of Ethereum, there is two coins are created , they are : ETVN and ETZ. They are not from ETH, have no any relationship with ETH

We always see scam projects and scam coins. But these scam coins can make a lot of money for those who invest. You decide how to invest, but I don't think you're so afraid, you can't make money without risk

billy.ryoko

full member

Activity: 686

Merit: 104

Yes, there are many new projects in last year, and I want to say only a few projects have succeeded in their ICO, otherwise, all is the scam project, no team, no whitepaper, no product, it was because anyone can easily create the token, they launched the ICO, when it ended, they all disappeared.

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