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Topic: Do you trust ERC20 tokens? - page 24. (Read 4734 times)

jr. member
Activity: 518
Merit: 1
July 22, 2018, 03:16:24 PM
And why not trust the fraud there is and without erc20, so that everything is safe there to follow some rules
full member
Activity: 486
Merit: 101
July 22, 2018, 03:15:49 PM
I see no reason not to trust ERC20 tokens. I keep 80% of my money either in Altcoins or in the Ethereum. ETH has proved to be a reliable system, so I'm sure of it.
member
Activity: 292
Merit: 10
July 22, 2018, 02:47:41 PM
I trust them, I own many Ethereum based tokens, but what annoys me is the price on the exchanges, where the bounty people sell their coins as fast as possible and very few coins recovered back. The value is damaged then.
jr. member
Activity: 38
Merit: 2
July 22, 2018, 02:43:00 PM
when I invest I prefer the continuity of the token
I do not care that the token platform is ERC20 or other token platform because all tokens have their own weaknesses
full member
Activity: 504
Merit: 102
July 22, 2018, 02:40:47 PM
Hello and yes i trust in the ERC20 token (Ethereum network tokens) Because there are a lot of good projects made ICO and tokens based on ETH blockchain. So they trust in this network and will support it till the end.
Good Luck.
copper member
Activity: 308
Merit: 0
July 22, 2018, 02:38:33 PM
Now it is easy to create an ERC20 token in ethereum network, so anyone with tiny programming knowledge can create an ERC20 token. So be careful of that.
member
Activity: 224
Merit: 10
July 22, 2018, 02:31:09 PM
Of course, I trust ERC20 tokens. ERC20 tokens are built on ethereum network and that makes it good and easy to use. The best is to choose ERC20 tokens, which have a good team and roadmap with progressive fundamental developments. So I guess no problem using ERC20.
newbie
Activity: 66
Merit: 0
July 22, 2018, 02:23:46 PM
Yes, I do trust ERC format of tokens and I believe that it's one of the best ones to be used. This is why, nowadays, it still the main used format and it serves like a base for 90% of Initial Coin Offering projects for the issue of their tokens  Smiley
newbie
Activity: 83
Merit: 0
July 22, 2018, 02:21:43 PM
Believe me, because the token is created on the standard ERC 20 does not make it fraudulent. Now you just need to be more careful and invest in tokens of those companies in which you are 100% sure.
hero member
Activity: 770
Merit: 500
July 22, 2018, 10:55:18 AM
There are a significant amount of ERC20 tokens.  More crappy ones than the good ones.  I would recommend doing intensive research before purchasing any.  Stick with the ones that don't have an anonymous team. 
member
Activity: 1050
Merit: 10
Martian Swap - Anti Whale Measures New Yield Farmi
July 22, 2018, 10:52:51 AM
Yeah the problem is many know now how to create erc20 token.And it's free so it's easy to make a ico for developers.And at this moment creating erc20 is free .So it give them no loss.There is lots of token based on erc20 which are legit and giving it's investor's a high level profit some of them really working very well in there filed.But yes cause there lots of ico so some of them are just scan and if you don't have any knowledge you will be one victim.And you scamed once that doesn't mean you start blaming all the icos.its not good.
sr. member
Activity: 742
Merit: 257
And we go again.
July 21, 2018, 11:48:44 PM
This is not problem of ERC-20 tokens, that eBTC or eXRP were scams. First of all, before investing, you should make your own research of the project in which you would like to invest. There are a lot of cool projects with ERC-20 tokens. And as i know, the mosrt popular blockchain for starting new project is Ethereum, with ERC-20 standart. So i believe in ERC-20 tokens, but only at good projects. Do not tought scam please) And pay a lot of attention to your safety, while using MEW.
member
Activity: 409
Merit: 10
Join @Bountycloud for the best bounties!
July 21, 2018, 11:21:05 PM
Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.

Do you trust them?

why almost ICO projects choose ERC-20 to run, because it's absolutely free and it's easy to creat a token and build a community through atractive airdrop and bounty program. So, there are many scam projects are borned from here
full member
Activity: 378
Merit: 109
July 21, 2018, 11:06:33 PM
A year ago toward the beginning of december I purchased eBitcoin token which ended up being a trick. Fortunately for me I sold them before the ePRX depiction yet alot others have made misfortunes. I truly trusted this token would be a succes however I've understood that alot of these ERC20 tokens have similar things in like manner. The devs (or better said con artists) make alot of promotion and imagine their token to be the genuine article while they never expected to make a working item. I've considered putting resources into tokens like Credits and Elixir yet I'm anxious they are all a similar sort of trick.
sr. member
Activity: 826
Merit: 263
July 21, 2018, 02:57:22 AM
Is the question related to the tech or is it about the quality of the projects as a whole?
newbie
Activity: 28
Merit: 0
July 21, 2018, 02:51:08 AM
Yes, but I like ERC-721 more.
jr. member
Activity: 154
Merit: 1
July 21, 2018, 02:22:11 AM
It's not in the ERC20 marker, but in the project itself, which could not prove its promise, and it turned out to be a scam!
member
Activity: 504
Merit: 10
July 21, 2018, 02:10:22 AM
Now this is an awful lot of coins by using ERC20. In fact many are also used by the ICO projects. And I am sure, when many are using, then it would have been trusted and many benefits. So I guess no problem using ERC20.
for me ERC20 does not have a problem but I see the coins from the ICO project it does not have a bright future, it can only last a while and when the price goes down it will be difficult to get back to the original price.
member
Activity: 504
Merit: 10
July 21, 2018, 02:06:46 AM
Now this is an awful lot of coins by using ERC20. In fact many are also used by the ICO projects. And I am sure, when many are using, then it would have been trusted and many benefits. So I guess no problem using ERC20.
copper member
Activity: 178
Merit: 0
July 21, 2018, 01:55:55 AM
Well the technology behind the ERC-20 is superb and cool for users. Some projects scam others not because they are ERC20 tokens but because of their own selfishness and heartless. Please not that even many masternode coins do scam people too. So ERC20 is not the basis why some projects failed, the team is not either competent or the project is not real.
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