Topic: New altcoins questions - page 2. (Read 450 times)

If the team or devs are holding huge amount of their token. You should refrain from them because any time they can rug pull the community. Without transparency and honestly is most likely dangerous project.

Much better to buy the top altcoins because you are safer at the time of drastic decline or known as bearish market.

Are you newbie in crypto market?
Or you are old member in crypto but only invested in Bitcoin and now begin to have interests in Altcoins?

I guess your answer will be the first one that means you are totally newbie in crypto market.

First, speak of crypto market that is risky. Second, altcoins are more risky than Bitcoin. Third, new altcoins are extremely more risky than old and high-volumed old altcoins.

Developers can pull the rugs whenever they want. You can never detect their secret rugs. You can not code so you can not check their code.

A very famous example Chef Nomi Pulls the SUSHI Rug on SushiSwap LPs

I don't trust project where a huge amount of the token is in the hands of the team, they may at anytime dump their huge shares in the market leaving the presale investors losing their money, and if they are going to do crowdfunding they should be more transparent by showing the people behind the project, it's ok if they are not going to ask money but not applicable if they are going to ask for money.

Are you aware that there are Crypto projects that impersonate someone to be a member of the team with the persons link to linkedin, how will you know such and indicate those ones, scammers are everywhere with smart behavior so it hard to figure then out, some can high sum of money for their Campaign and scam more than they spent, so the only way to win this situation is participating in an IEO presale done on reputable exchange like Binance and you will be sure of investing in the right project.

Well, am just gonna give you a simple answer.
Based on what you wrote above, in my own personal view, I will advice you to be super careful with that project, from what you said, there are so many clues pointing to it likely being a scam, if not now, highly possible in the near future.
First, team holding over 95 percent of the token's total supply points to one thing, they probably want the token to pump so high due to little amount in circulation, ones it pumps, they will likely dump their bag on the market causing a huge crash, making good money for themselves and also exiting the project which also equals to exit scam.
Another red flag is the fact that team is not public, 95 percent of all projects that team is anonymous has turned scam, this is why I personally avoid projects that collect money for the development of their project meanwhile team is anonymous, cus sooner or later, this kind of projects always turn scam.

New projects are always risky and you have to be very careful. And when they don't have nobody listed on the site as the project's team, that is where it becomes even more risky. Imagine investing your money in something you don't even know who you're working with, who owns the project and whether they are good at it or not.

Sometimes the best way to tell if a project has a better chance of being successful in future is through the project team, so how exactly are you going to know this when you don't know the team? If the team of this project decides to abandon it tomorrow, you wouldn't know where to start looking for them because you don't know who they are. I will advise you to avoid that project.

These are pretty common now with new projects on BSC ecosystem that don't have much information about the team, weak whitepaper, no used case and just a copy of wannabe meme coin in the market. This is alarming with these scam projects that's why it's better to check thoroughly before investing money on it and these types of tokens are just shilled and hype tokens. So, better stay away with that kind of project.

1. You're talking about IDOs (they're just a fancy term, initial dex offering) so you want to stay informed on presales through starterpads... for BSC that would be Binance starter. They'll usually need you to have a certain amount of BNB to join presales. Same as for EOS, for example, you have to find EOS starter groups and find out from there.
2. Normally yes, it's a concern when no people are associated but the biggest defi projects now don't have known people or anon teams. It's a major concern for me but if you're willing to take defi risk, then actually having no team is very normal for these projects.

that depends on the agreement that already stated before. The dev will able to sell their tokens if their tokens already fully unlocked.
The pre-sale can be discovered when you have become early supporters. I guess you must actively find a new information about new ico. It's not normal and the dev can dump it to the market and make it becomes useless token.
Anonymous team was a redflag if the project potentially to be a scam project.

Why are you bothering yourself about all of these shit altcoins,  I know you are a beginner so you might not know the good altcoin to invest in, the possibility of gaining and profiting from new altcoins is rare unless you do a research about the use case of the project, if would you like to participate in any presale, be sure to check and follow up with the teams behind them, the profile of the teams on linkedin and other social media.

95% for the devs is such a big distribution for them. Does that mean that only 5% will be distributed for the investors? And these days, having a project without the name of the devs is sketchy. But people haven't thought of it before when satoshi made bitcoin.

And it's still unknown who satoshi is.

I understand that you don't want to name the project but it's also a good thing if you can name them so that we can check it.

If you invest in projects where the team is doing an ICEO/IEO/IDO it is likely illegal and a money grab/scam. Even if it isn't a scam the team and investors will dump on you and bring the token price to 0. If you want to make it you need to invest in projects where the team doesn't control the token supply and there was no ICO, like RVN and 0xMR.

I think "liquidity date" means the day when they list their token on a DEX (decentralized exchange) which means from this date on the token is freely tradeable. I don't think it's the date when the Team Tokens get unlocked because that's usually wrote down in the vesting schedule and the tokenomics.

To enter a pre-sale you either have to be a VC with a lot of capital so you can make big investments which is needed to get into pre-sales or you are part of pre-sale groups like DuckDao in which you can invest into pre-sales even as a "normal" person.

If the token sale did not happen yet, then it is ok if there are still 95% of the coins in one wallet. In the whitepaper there should be a chapter where the token distribution is described. If they plan to hold more than 20% for themself than that is concerning in my opinion, usual shares for the team are between 10 and 20% and usually that tokens are also locked for at least 6 months but mostly for 1 year, so that the devs can't sell immediately after listing.

There are some projects that were successful even though they did not have a public team but for me personally i probably would not invest into such a project except is is a privacy project than it would make sense. So here you have to decide for yourself if this is a concern for you or not.

I think it should be of a concern if you ask me, I think there should be names to the teams/organisers of the alt-coin/project and not only name a very comprehensive data bio of them also, so one can see their profile, experience, knowledge, previous success and failures.
Also hiding names sounds shady/fishy, I have heard of alt-coins manipulating there pre-sale to use it to advertise for their main sales, you have to search more on that project.

Most likely you are talking about ICO or something similar like this. An altcoin could create by you as well, it's not a big fact. But you have to look if it has real use. A few altcoins gain market recently but that doesn't mean all are good. Many scammers around us and just skip with funds. Since you are a beginner, I will suggest avoiding invest in the worst project. Rather than invest in a few established altcoins which would give you a good return. ICO or pre-sale is a high risky game where you would lose everything.

If you are not sure on what you invest, then do not invest. It is your money and no-one is going to cover your losses if it is found to be a scam. Whitepaper is just a document which helps you to get an idea on the project. But who knows whether it is true or not? Do not rely only on what they have published on their website and the whitepaper. Do Your Own Research. Check the capability, experience, previous involvements, trustworthiness, etc. of the people who backs this project. If you satisfy with that then go for it. Otherwise, just forget it and look for something else.  

Perhaps this link could help you asses the risk you are getting into.

Collection of comprehensive guides on identify and avoid scam projects

Try to invest some of your time reading the guides listed above to give you the gist of how these ICO works and be familiarize on some of the red flags that may arise during, before, and after their market sale. Take note that some of the ICO that appears during bear market could give you negative or less to none profits than participating during bullish season.

Investing in such early stage of projct is the most risky type of investments. Nothing really can tell you here if its goin go to be a success of not.

1- whitepaper is just a document with words. It can be copied and change a little. Faked. I can create my own whitepaper in which ill write that tomorrow ill be on mt everest.
2-team can be faked with fake twitter account with bought followers. It does not matter here if Team members are named on the website. Even video with someone face can be faked (deepfake)
3- code - who of us can check if code is OK? How many of currencies have working code now? Most of them are just concept without working product jet.
4- hype can be bought.
5- being unique didn't give you certainty of being unique forever. 1 month after your investment there can be new ICO with better team, bought hype and with working product delivered faster.

So you are really risking all your money. Take into calculation that 1 out of 100 projects at this stage are not scams made to collect funds and exit scam.


Pre-sale is announced by team. Mostly people buy at discount that day (compared to sale price).

Way to much. But if its at pre-sale stage its normal. They have main sale before them. 95% is the amount of total supply that will ever be minted or current supply?


Who is satoshi?

I am totally new to alt coins - trying to learn something new. I tried searching for this info and c as me up dry.

I was looking into a very new altcoin (will not name as I do not want to shill) and the white paper talked about a liquidity date named in the future. I am guessing this is when the Devs are allowed to start selling their bags?

They did a pre-sale and earned 10x their intended 10 BNB. How does this work? How do you find out about pre-sales and what is the advantage?

They are holding a huge amount of the coin (>95%) in a main account, being very transparent about it. 10.0.0.0.1 192.168.1.254
They are using this to make social/community contributions. Is it normal to have the Devs holding such huge bags?

There are no humans listed on the site as the project team. Should this be a major concern?

Thanks!!