Do you trust ERC20 tokens? - page 5.

Ale75Opus

member

Activity: 308

Merit: 10

Quote from: crypto_117 on May 02, 2018, 08:50:31 AM

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?

For Credits, I do not even want to say anything. I think that now you can see for yourself what happened to these coins and how much they have fallen in price. It is better to invest in top coins

permatasai

newbie

Activity: 93

Merit: 0

I trust a number of tokens which can provide good benefits to owners like POLY, cedex and helbiz. You will smile if you have one of the tokens above

bojoketikung

newbie

Activity: 266

Merit: 0

How not to believe, the problem is that almost all ICONs use ERC20 tokens, I'm sure these tokens will become more potential tokens and have better value.

Geleve

full member

Activity: 588

Merit: 104

ofcourse i trust erc20 tokens. erc20 token standard is based on ethereum blockchain. ethereum is the most trustful blockchain going on now. and the project is ruled by vitalik. i dont see any risk about erc20 tokens. ofcourse there are scam projects that use erc20 tokens, you should be careful about them.

tadpole_bitfrog

member

Activity: 464

Merit: 10

Quote from: crypto_117 on May 02, 2018, 08:50:31 AM

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?

Credits are really a very good project. The way to check for good ICO projects is very easy. You can check out Twitter or Medium for posts and their community. If it is a potential project, many interesting things will be public on those social networking sites and it will interest you.

psiquis69

newbie

Activity: 62

Merit: 0

We should only believe in part of the investment in the ERC20 because they are easy to create, not so laborious and should be taken advantage of, we need to find out when participating in this project. .

jemura

full member

Activity: 406

Merit: 100

“Revolutionising Marketing and Loyalty”

trust, but verify. and I think they are the simplest blockchain. but before you buy explore it.

Offece

jr. member

Activity: 126

Merit: 1

It doesn't depend which kind of tokens are used by specific corporations. Erc20 is a great technical trendy used for smart contracts at the Ethereum community. My advice for you: always explore corporation in which you want to invest your cash.

Aptekary

member

Activity: 602

Merit: 10

Quote from: TomiJerry on September 06, 2018, 01:29:48 PM

The problem is not the protocol on which the tokens are based, the problem is in the people who are behind this project. You were not scammed by tokens, you were not scammed by technology.
You were scammed by the defined people who founded the project for the purpose to make money on the stupidity of people.

I completely agree with you, because there is no point in blaming the protocol. In any case, all these negative statements toward the protocol are based only on compromising a erc20.

TomiJerry

full member

Activity: 462

Merit: 101

The problem is not the protocol on which the tokens are based, the problem is in the people who are behind this project. You were not scammed by tokens, you were not scammed by technology.
You were scammed by the defined people who founded the project for the purpose to make money on the stupidity of people.

Jamboo30

member

Activity: 378

Merit: 10

Quote from: runor on September 05, 2018, 07:41:13 AM

The ERC 20 marker itself is not a scam, but many scammers use the Etherium platform to create fraudulent projects!

Yes, on the ERC-20 platform, it is easy to create tokens. Therefore, scammers are easy to create fake projects to scam money from investors. I invest a lot in the ERC-20 tokens project and I often find out before joining

mrproblem

member

Activity: 392

Merit: 24

I still have confidence in the ERC20. Despite the large number of scammers who use this platform for their own purposes, it has given us a lot of very good projects

funkenschuster

member

Activity: 185

Merit: 10

Well the innovation behind the ERC-20 is radiant and cool for clients. A few ventures trick others not on the grounds that they are ERC20 tokens but rather on account of their own self-centeredness and coldhearted. It would be ideal if you not that even numerous masternode coins do trick individuals as well. So ERC20 isn't the premise why a few activities fizzled, the group isn't either equipped or the task isn't genuine.

Simayi

member

Activity: 360

Merit: 12

ERC20 tokens are simple and easy to make, which makes many scamers use this to carry out their scam projects. To be honest, 80% of ERC20 tokens on the market now think they will die soon. The only purpose they are born is to swindle money.

travwill

sr. member

Activity: 1313

Merit: 278

At the moment I have not seen information about the fact that ERC20 tokens were compromised or have critical vulnerabilities. Therefore I consider them quite safe.

defoman

jr. member

Activity: 448

Merit: 2

If you set a goal to invest your money to make a profit in the future, you should choose only proven tokens that have existed on the market for a long time. The key to success is also the openness of developers and constant work on improving the product.

stely

jr. member

Activity: 126

Merit: 1

Quote from: manwithsuit909 on September 06, 2018, 12:16:31 AM

i do trust on it but more alert with everything with it ,rumors said its very easy for ppl to hack so yeah

ERC20 tokens are secure. Small blockchain-based coins are easily vulnerable to 51% miner attacks. For someone to run the same attack on an ERC20 token, they’d have to first attack and break through the Ethereum network.

Saisher

full member

Activity: 2324

Merit: 175

There are still a lot of good projects or working platform on ERC20 token, so it's not the algorithm of the coin but the team behind the project, some of the failures can be attributed from the fact that they are building a project that has no value for the community hence the failure of their token in the market.

Impaler

sr. member

Activity: 826

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

I I absolutely do. There is nothing to not believe in erc20 tokens. Yeah I know in last few months there is many scammed ICO and all. But for that reason there is nothing to hate erc20 tokens. Cause at this moment the most of the project based on ethereum. And there is a lot of ICO which are good enough to participate. So I kind of like eth tokens. I think this situation is depends on you . Cause you are the one who invest and if you invest in a wrong place. That doesn't means the whole eth based is not good enough. I think there is a lot of good project and when you invest be careful. And do some research before you invest.

asongkind

newbie

Activity: 28

Merit: 0

This is clear how important is a product of an ICO to attract the investors and ensure the investors that they are real.

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