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Topic: Can something free be a scam? - page 35. (Read 4139 times)

legendary
Activity: 1147
Merit: 1007
March 27, 2018, 07:57:01 AM
#28
I will reveal here some modus of scammers that using free airdrop method. First if all, the devs of a certain coin with free airdrops have all the supply of the tokens. Initially they will airdrop around 10% of it and hold the 90%. Most of free airdrop offers an ICO with very high bonus percentage but they will never sell more than 50% of the supply. So here how the scam work using free airdrop. First thing, since ERC20 are automatically listed on Decentralized Exchange like Etherdelta and IDEX, they will start to pump dump the coin using the coin they are holding and make a hype using the 10% token receive by airdrop hunter which the majority will be selling their token. This will attract attention of the whale traders since the trading history is very lively. Once many whales has involve and set big orders. The dev team will dump all their token and take away both the profit on selling their coin and the profit in token sale.
jr. member
Activity: 224
Merit: 6
March 27, 2018, 07:54:11 AM
#27
Hi everybody,
Lately I am reading a lot of posts asking: is this airdrop a scam? Is that free ICO a scam?
So I am wondering how can something that doesn't cost you a penny be a scam. Sure, they get your email adress and maybe a ETH Adress, but how can you  really be scamed with only this informations? I am not talking about airdrops that require kyc registration, that for sure can be dangerous.
Cheers,

fraud may not be free participation and receiving rewards ... Fraud can be what you are given a reward for! For example, install the application or send scan documents ... The application can be malicious ... with documents a lot of options for using them ....
member
Activity: 770
Merit: 10
https://streamies.io/
March 27, 2018, 07:53:06 AM
#26
Scam is not always about money. Make sure you research first and document yourself about the product before you give it your time/money.
Yes, there are many large scale projects but they still deceive. They create a class deceptive and blinded investors to their untrue ideas. For example, they did a great job of scamming people. It is currently difficult to identify a good or fraudulent project, so it is best to do the signature campaign. Analysis is useless for class fraudsters.
hero member
Activity: 812
Merit: 501
March 27, 2018, 07:46:45 AM
#25
Scam is not always about money. Make sure you research first and document yourself about the product before you give it your time/money.
newbie
Activity: 140
Merit: 0
March 27, 2018, 07:44:46 AM
#24
for sure free things can be scam, because people can steal information if you go to their site and download something or just be a lot of time in their site, or submit your passport to them.
full member
Activity: 434
Merit: 100
March 27, 2018, 07:43:31 AM
#23
Hi everybody,
Lately I am reading a lot of posts asking: is this airdrop a scam? Is that free ICO a scam?
So I am wondering how can something that doesn't cost you a penny be a scam. Sure, they get your email adress and maybe a ETH Adress, but how can you  really be scamed with only this informations? I am not talking about airdrops that require kyc registration, that for sure can be dangerous.
Cheers,

yes, definitely airdrops are just waste of time, most of them are good as penny in value, and some of the ICO now are scam. but tokens/coins from airdrop cannot be considered as scam, because that is for free, and its never ask you to pay that. the only can get you scam is the airdrops that has a KYC, because as a free, they need you to bring your identity for just a no value token/coins. then suddenly, after you take a shot on it, they already using your identity in a bad activity inside the internet.
brand new
Activity: 0
Merit: 263
March 27, 2018, 07:32:53 AM
#22
With a more detailed view, Unfortunately when something is free and for free the trend is to be scam, not by the fact of being free but by the fact of disengagement. When we charge something and practice negative acts our conscience sooner or later weighs, I'm not saying that everything that's free is bad or what's private is good and I'm not even rattling a pattern of attitude, I'm just commenting on reality. In summary, a good reading and analysis of the project or the benefit is essential.
full member
Activity: 672
Merit: 100
March 27, 2018, 07:39:09 AM
#22
Hi everybody,
Lately I am reading a lot of posts asking: is this airdrop a scam? Is that free ICO a scam?
So I am wondering how can something that doesn't cost you a penny be a scam. Sure, they get your email adress and maybe a ETH Adress, but how can you  really be scamed with only this informations? I am not talking about airdrops that require kyc registration, that for sure can be dangerous.
Cheers,
Do not worry about this because they can not steal your token only with the information you give them because the information you provide is not enough to be able to access your private key. But be careful if airdrop events require you to download any application that is personally identifiable as it may be a virus to steal your personal information.
newbie
Activity: 196
Merit: 0
March 27, 2018, 06:31:26 AM
#21
I know that it can be scam.Usually the coins that are airdropped are also sold at ICOs. And they usually ask you to downlaod an app, register in their website, join a telegram group, follow them on facebook, follow on twitter, etc. They want to have many subscribers and followers to show that they have a lot of fans.
member
Activity: 161
Merit: 10
March 27, 2018, 06:21:40 AM
#20
Hi everybody,
Lately I am reading a lot of posts asking: is this airdrop a scam? Is that free ICO a scam?
So I am wondering how can something that doesn't cost you a penny be a scam. Sure, they get your email adress and maybe a ETH Adress, but how can you  really be scamed with only this informations? I am not talking about airdrops that require kyc registration, that for sure can be dangerous.
Cheers,
The moment you join an airdrop and you tweet or retweet you are already an accessory to the scam because you advertise it. If anyone who buy on this ICO and the dev dump it and leave, those poor investor will left for nothing. You are also the one that should be blame  unless the airdrop that you join is legit and have a real project and a credible team.
member
Activity: 224
Merit: 10
March 27, 2018, 06:20:50 AM
#19
In my opinion, airdrops are a waste of time. I had experience of participation in airdrops. Coins were sent by only 5 - 7% of companies. And only 1 or 2% of coins are traded now on stock exchanges. Therefore, I think that you should not waste your time on this activity.
member
Activity: 266
Merit: 10
March 27, 2018, 06:16:52 AM
#18
I think that this will not happen once because such strange things happen. You choose a good project and it turns out to be thrown, everywhere is a lie.
legendary
Activity: 3164
Merit: 1025
Leading Crypto Sports Betting & Casino Platform
March 27, 2018, 06:06:09 AM
#17
Hi everybody,
Lately I am reading a lot of posts asking: is this airdrop a scam? Is that free ICO a scam?
So I am wondering how can something that doesn't cost you a penny be a scam. Sure, they get your email adress and maybe a ETH Adress, but how can you  really be scamed with only this informations? I am not talking about airdrops that require kyc registration, that for sure can be dangerous.
Cheers,
It has a lot of possibilities to be a scam project. The majority of free ico has created by scammers to grab money from the market. Never try to join any airdrop that gives any obligation to the participants to fill KYC requirements. There is a possibility your data will be used for illegal activity.

Look at the majority of free coin already traded in the market and how the majority of them worth nothing right now.

Because the creator has a purpose to created hype to his airdrop itself.
newbie
Activity: 120
Merit: 0
March 27, 2018, 06:00:07 AM
#16
Nothing is free in life even bounty people call free you are working for it by prompting the ico that rewards you after carrying out tasks give to you.
full member
Activity: 308
Merit: 100
BIG AIRDROP: t.me/otppaychat
March 27, 2018, 05:44:50 AM
#15
Hi everybody,
Lately I am reading a lot of posts asking: is this airdrop a scam? Is that free ICO a scam?
So I am wondering how can something that doesn't cost you a penny be a scam. Sure, they get your email adress and maybe a ETH Adress, but how can you  really be scamed with only this informations? I am not talking about airdrops that require kyc registration, that for sure can be dangerous.
Cheers,

Yes it can, in a way the filling up the registration form asking for your personal information and your account details.
hero member
Activity: 868
Merit: 500
March 27, 2018, 05:40:54 AM
#14
Not all free things are scam, but when you see 90% or even more turning to scam them people start to make conclusion that these are turning to a scam.

The issue I have about all these airdrops now is that how do they want to scale most people mentioned Bitcoin but the landsacpe has changed from 2009 when BTC was launched
jr. member
Activity: 420
Merit: 1
March 27, 2018, 05:39:28 AM
#13
I have seen situations where someone else's details like telegram username, twitter username and other details were used by scammers. By the time a scammer knows that you are airdrop addict and you do not like missing any. What he will do is that, he would send forms out disguising to be real airdrop, but purposely to get some details. By the time he has those details, he would have filled forms using yours or other victims details before you think of filing yours and that is how you will continue to fill even the good airdrops without getting anything in return.
full member
Activity: 336
Merit: 100
March 27, 2018, 05:32:47 AM
#12
It will only be caled a scam when you invest time and effort on it. Just like you are hired to do certain tasks in the real world you invested time and effort as well as money for fares and food after the days work you are not getting the pay don't you think its scammed? And also how can you say you have not invested a dime in it when connecting to the internet cost you sonething the details you send cost you time and effort and with these info there might be possibility that they can get something with it in the long run.
full member
Activity: 448
Merit: 109
March 27, 2018, 05:31:46 AM
#11
Hi everybody,
Lately I am reading a lot of posts asking: is this airdrop a scam? Is that free ICO a scam?
So I am wondering how can something that doesn't cost you a penny be a scam. Sure, they get your email adress and maybe a ETH Adress, but how can you  really be scamed with only this informations? I am not talking about airdrops that require kyc registration, that for sure can be dangerous.
Cheers,

Well most airdrops will rquire you to do some work such as joining their telegram channel. So they are building fake community to benefit themselfs in the long run, other than that create disposable email or some email you will only use for airdrops. Since there is a lot of emails being sold under the hood, which can result in future physhing and scaming emails sent to you.
sr. member
Activity: 646
Merit: 252
PNNV.COM Live bitcoin price monitor
March 27, 2018, 05:29:20 AM
#10
Hi everybody,
Lately I am reading a lot of posts asking: is this airdrop a scam? Is that free ICO a scam?
So I am wondering how can something that doesn't cost you a penny be a scam. Sure, they get your email adress and maybe a ETH Adress, but how can you  really be scamed with only this informations? I am not talking about airdrops that require kyc registration, that for sure can be dangerous.
Cheers,

Airdops may not look like they are scams because they are only giving away free coins. But if you take a closer look at their project, you might find out that more than half of the existing coins are in the hands of the developers. This is one of the things that you should try to consider. And this is enough for you to question why is this so. This is risky because by the time the coin gains value, the developers might dump all the remaining coins with them. And they are also asking for donations aside from that.
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