ERC20 tokens are based on ETH platform, this platform is one of the safest and strongest, it is revolutionary in the crypto world. So if you do not trust this platform, then in which one do you trust?
And here the article which provides more details on my point of view: https://icoguide.com/en/blog/what-is-erc20-and-how-does-it-affect-tokens
Topic: Do you trust ERC20 tokens? - page 34. (Read 4714 times)
The cost of the Erc20 token is very low, and of course there are some valuable projects, such as the very popular EOS, which is also used as a token, but it is soon to be replaced.
Believe. but I see statistics from the token I hold. not much price increase by using ethereum platform. almost all under ico. very poorly behind the many beliefs of people
Not exactly although I do realize that they are a good way to make a lot of money if you invest in them when they are still cheap for now. So far this year looks to be the year for ERC20 tokens and a lot of them are doing well at this point which makes them a good investment. I really don't trust any coins that are not in the first top ten coins because they are not that sure
Yes, I trust ERC20 tokens. Whether it is scam or not depends on its project. Be it a token or coin, you have to research properly before investing in the project to prevent falling for scam.
I like Ethereum platform, they offer the possibility of easy token creation.
Problem is that someone somewhere can create a token, an ico and scam all the people.
Tools like etherscan to check the token are neccesary.
Problem is that someone somewhere can create a token, an ico and scam all the people.
Tools like etherscan to check the token are neccesary.
Most projects use this format, so everything is fine. The ETH platform is now the best for development.
It may be easy to create the ERC tokens. However, it doesn't mean that it can be the guidance. It is better to choose the coin or ICO with the clear real product. So, we can ensure that the coins will last longer. This is clear how important is a product of an ICO to attract the investors and ensure the investors that they are real.
There's a lots of things that needed to be considered in order to avoid such scammers, better to look for real usage of the project and see who's the team behind, its not about erc tokens but the developers and the team itself, if you will find time to research a little bit before investing then you are still good to go using the system, it can be a good learning pattern for you to learn how to avoid those scam project after you already suffer this types of tokens, just keep moving forward and always take precautions.
I think this is not the fault of erc20, but Dev (scammer) make smart contract in erc, they after making the Contract in ERC20, then make the token not working, or lose the price in exchange market.
Why not? It depends a lot on the team that is behind every token, you can not expect to trust on a shitcoin that does not even have a project behind, it is all a combo.
On the off chance that I think there are some solid ERC20 tokens like dev aions are not kidding about their venture and yes a portion of the ERC20 tokens can be trick, since they just influence the tokens to get rich quicker by extortion or trick. in any case, If we need to purchase token ERC20 and sturdy simply make an exploration first before we get it.
You have a point that erc20 token must be a scam, its easy for them to purchase and ask for the money or make hype and sell everything in one dump. On the other hand some erc20 is a good invesment which you can buy at cheap and after a couple of news the price will climb faster. Listing in a top exchange can cause pump
Now there is a newer standard, but it takes time to achieve all the possibilities of the old one. it was and always will be
Credits were very cool Russian project,very sorry that I'm not invested in it,and went in the distance.I would have entered it even now.
The infrastructure itself is tested and works without fatal crashes. And as for individual tokens, yes, I agree that horrible slag comes across, sometimes even spam tokens arrive.
well. if they are scam projects it is not because of they are using ethereum blockchain. it is because their teams are scammers. there is nothing that ethereum can do for it. erc20 is a token standard of ethereum only. they can not control the ones that create tokens.
I think not! Easily create tokens! If not taken care of will quickly lose value, in fact, there are many tokens almost no value when compared to USD!
Ofcourse I do trust ERC20 tokens, however it is still depends on ERC20 if the team behind if the team is hard working there is a chance of the ERC20 token to pump, but if the team behind it is not good then there is no chance for it.
I'm not looking at this kind of generalization. The correct comparison occurs on a project-based basis. I trust the projects that have a good project and have a nice teamwork.
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