Topic: Do you trust ERC20 tokens? - page 28. (Read 4714 times)
I believe in a ERC20 wallet, it is uses usually in any ICO to receive tokens. But is in your risk to keep secure it, you always check the sites signing with your ERC20 wallet.
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?
Do you trust them?
ERC20 tokens are legit as legit as Ethereum is. The only scam here is the one who launches the project or ICO. Ethereum cannot identify who will scam so it cannot restrict people from generating ERC20 tokens. Blaming ERC20 tokens is just like saying Bitcoin is a scam because people are using it to scam. This is a wrong way of understanding the situation.
The success and reliability of ICO is not determined by the fact that it is based on the ERC20. Now most ICOs start with erc20 tokens, and then develop the product and switch to their tokens.
I do not agree with your opinion, ICO scam or not, depending on the founder created, the dev team, the vision, whether the project is real but the external impact on the project or deployment are not
I think the ERC20 markers, in their own way, have their place. The main secret of the success of this standard is the work based on smart contracts. Which were first realized in the blockbuster of the Ethereum.
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?
Do you trust them?
ERC 20 tokens are only tech side. When it comes to the technology, you can 1000% trust erc 20 tokens as long as the smart contract has been duly audited. When it comes to the project itself, it's different story
I do not agree with your opinion, ico? scam or not, depending on the founder created, the dev team, the vision, whether the project is real but the external impact on the project or deployment. are not
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?
I think yes some erc20 are scam on which the dev wanted to have quick profit but also some of them are successful on which having a real working product and following their promises based on the plan. Trusting in erc20 tokens is always based in your own knowledge that's why research and studying it is very important because you know that this token is having a big potential to grow its value in the future because of it's product that can easily to know and adopt in the community. Do you trust them?
Now that ERC20 has been used by scamers, they have created countless garbage ERC20 tokens. I think ERC721 has a tendency to replace ERC20. Compared to ERC20, erc721 is not so easy to manufacture.
I still believe in ERC-20, Certainly every investment has its own risks let alone experiencing failure is a common thing, but the best way is when deciding on investment of course we must be very careful and examine the right, at least see first rating from ICO in market or website, there is now the ease we can see the options for altcoin types that we want to invest, a lot of market crypto have chart for 100 top ranking altcoin that has a future.
I am trying to secure them as high as possible, now there is a lot of information hackers have broken into the 20 ercs to get another coin. So I think we should be careful with them.
It's just that this is the most popular token today. Most of the tokens issued are ERC 20, hence the number of scams and the attention of hackers.
For me i trust some of erc20 tokens, if the team is in there website and if theres large company investor/partners
Most of the tokens in my investment portfolio are ERC20. I'm not afraid to invest in these tokens, because it seems to me that they are no less reliable than any others.
Actually, I don't quite agree with the value of the ERC20 token, because the current ETH throughput is not enough to support a large application.
So the real value of the ERC20 token is not that high,
So the real value of the ERC20 token is not that high,
Making an ERC20 token is very simple. There are a lot of scamers that take advantage of this. They have posted too many fake icos, so I think ICO should be filed in the future. Not everyone can easily publish an ico.
You are right, they can easily create a token based on ERC20, but the rest of the project is product, team, white book, support, trust investor, I think you need a lot. At times, it's not easy to cheat the investor with a token you create in minutes
Making an ERC20 token is very simple. There are a lot of scamers that take advantage of this. They have posted too many fake icos, so I think ICO should be filed in the future. Not everyone can easily publish an ico.
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?
Do you trust them?
There are so many freaking ERC20's out there that are scam. You should not trust ALL ERC20 tokens. If you have that kind of thinking, better prepare yourself to get scammed. Always be careful and know what you're getting into. It doesn't mean something sounds legit means it is really legit.
I am trying to secure them as high as possible, now there is a lot of information hackers have broken into the 20 ercs to get another coin. So I think we should be careful with them.
I disagree that all the tokens issued on ERC20 are scam. I found one good project - Cryptics, which does use ERC20. It doesn't look like scam. They have the MVP which used a lot of people for trading and the other proofs of their fairness
Nope, most of those ERC20 tokens are a scam. Devs promise to create some sort of debit card or something like that and dump their tokens after.
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