Reality of tokens - page 2. | Bitcointalksearch.org

masterrex

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Quote from: HammadAli on October 14, 2019, 02:01:57 PM

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

That's why it should need a little researched before joining in any projects ICO's, Because some of them are just design to scam the unaware people(investors). Observe vigilance at all times Always consider that in cryptocurrency you should need to think twice or thrice before you join in any projects and invest with it. It just a cycle of repeatedly occurring problems in crypto industry so it should be stop.

ned.ryerson

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Oikos.cash | Decentralized Finance on Tron

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Quote from: Darlingtona on November 16, 2019, 03:04:14 AM

Fact is, we now have fake team with fake tokens out there without adequate monitoring which hurts alot, this has taking many investors backward and tokens are everywhere without proper check which has brought Crypto market in general down a bit.

Now the market is undergoing a transformation and cleaning itself from unnecessary projects and stupid investors. It will take the market a little more time to become clean and move on.

the market can never clean itself from stupid investors. they will always come and drain their money so than other people can make money on it. this is how the system works

NewRanger

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Quote from: mamahdedeh on November 17, 2019, 02:26:54 AM

Quote from: henmark on November 17, 2019, 02:08:23 AM

Quote from: Omega Weapon on November 13, 2019, 10:00:07 PM

That is more than enough, as an investor you do not need to be fooled by scammers for a very long time as long as they can deceive you long enough for you to invest your money with them then they have accomplished their mission, scammers are not here in this market to develop anything they are here only to steal money from people and while it will only take an investor one scam to become a lot more careful that scam can be enough to lose all your money.

But this is not a good thing at all and I really do not know what can be done about this because most investors are now using that perspective to also judge virtually all the projects that is in the market, and even if you have a genuine intention now about a project, you will not find any investor to put money into the project and as a result of this, the ICO or toke market is gradually dyeing and leaving us with the already existing tokens, for the already existing tokens, only the top coins are worth investing in because most of the other tokens have developers that are not very much serious about their own project too and they might have even abandoned it.

Now, this is hurting bounty hunters so much as there are no much campaigns again in the market.

Prize hunters are in a difficult time right now, they are having a hard time getting good projects for reasons like what you said. few investors trust the project for now, they prefer to invest in clear coins, so don't be surprised if the volume of bitcoin is very dominant in the crypto market

after scammed by many fake projects , now investors very carefully with their money.they really want to avoid repeat the same mistakes in the past. Main cryptocurrency now be their purpose to recover losses from shit projects.and now we see bitcoin dominance could hit on above 60% and almost all token price drop alot now.no more graders or investors dare to buy it for long term.

mamahdedeh

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Quote from: henmark on November 17, 2019, 02:08:23 AM

Quote from: Omega Weapon on November 13, 2019, 10:00:07 PM

That is more than enough, as an investor you do not need to be fooled by scammers for a very long time as long as they can deceive you long enough for you to invest your money with them then they have accomplished their mission, scammers are not here in this market to develop anything they are here only to steal money from people and while it will only take an investor one scam to become a lot more careful that scam can be enough to lose all your money.

But this is not a good thing at all and I really do not know what can be done about this because most investors are now using that perspective to also judge virtually all the projects that is in the market, and even if you have a genuine intention now about a project, you will not find any investor to put money into the project and as a result of this, the ICO or toke market is gradually dyeing and leaving us with the already existing tokens, for the already existing tokens, only the top coins are worth investing in because most of the other tokens have developers that are not very much serious about their own project too and they might have even abandoned it.

Now, this is hurting bounty hunters so much as there are no much campaigns again in the market.

Prize hunters are in a difficult time right now, they are having a hard time getting good projects for reasons like what you said. few investors trust the project for now, they prefer to invest in clear coins, so don't be surprised if the volume of bitcoin is very dominant in the crypto market

Drai

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It is a lot more complicated than that believe me, investors are now so wise about these scams parading as ICOs and that is why it is quite normal now to see a lot of ICOs that packed up without raising a single cent in funds, just having an ERC-20 token and a generic website doesn't guarantee you anything, infact you might lose your $50 investment if you are not careful.

henmark

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Quote from: Omega Weapon on November 13, 2019, 10:00:07 PM

That is more than enough, as an investor you do not need to be fooled by scammers for a very long time as long as they can deceive you long enough for you to invest your money with them then they have accomplished their mission, scammers are not here in this market to develop anything they are here only to steal money from people and while it will only take an investor one scam to become a lot more careful that scam can be enough to lose all your money.

But this is not a good thing at all and I really do not know what can be done about this because most investors are now using that perspective to also judge virtually all the projects that is in the market, and even if you have a genuine intention now about a project, you will not find any investor to put money into the project and as a result of this, the ICO or toke market is gradually dyeing and leaving us with the already existing tokens, for the already existing tokens, only the top coins are worth investing in because most of the other tokens have developers that are not very much serious about their own project too and they might have even abandoned it.

Now, this is hurting bounty hunters so much as there are no much campaigns again in the market.

Darlingtona

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Get Paid for good Content!

Fact is, we now have fake team with fake tokens out there without adequate monitoring which hurts alot, this has taking many investors backward and tokens are everywhere without proper check which has brought Crypto market in general down a bit.

Kezacky

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https://goldeth.io/

very ironic to see facts like this, scamers are always around us and even very alarming to see the site above, that's how the scamers work to deceive the victims. my advice to all of you to remain cautious and always vigilant before taking decisions in the ico project.

princesspoppy

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This is how scamming works. Scammers hire good writers to write their whitepaper as well as marketing agents to publicize and advertise the campaign that may give them a million bucks if the project seems to be legit and promising. It's just sad that more and more people are engaging in this kind of activity - deceiving others in order to make money for themselves.

Bitfling

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Quote from: HammadAli on October 14, 2019, 02:01:57 PM

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

There are many ways to deceive people and one of them is selling tokens from a fake project. For this reason, government regulation is needed so that things like this do not continue because if it continues, investor confidence will fade and this will affect new projects that are good and have prospects.

Vishnu.Reang

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Quote from: HammadAli on October 14, 2019, 02:01:57 PM

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

The irony is that even now we have people who are ready to invest in these scam ICOs. The number of ICOs listing every month has fallen by 90% to 95% when compared to the levels we had in 2018. But even now, the majority of the ICOs look scams to me. First of all, it is the careless investors who are feeding these scammers by continuing to invest.

BRODIN

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yes that's the reason why so many projects today don't make sense, lots of fraud, and also look valid about their road map. because fraudsters always have thousands of ways to make a profit with this form of fraud, including the website that you shared above is clear about offering ICO making services for only $ 50 to make millions of dollars from ICO.

Kambal2000

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Quote from: Kodok Bencot on November 15, 2019, 08:28:12 PM

The presence of tokens had brought a good direction for crypto, unfortunately now it's easier to make tokens so that many token-based projects are used for scam projects, and now many tokens are dead.

This is the advantage and disadvantage as well, people has become aware and more aware of how much legit projects are earning, imaging those past years that even $100M worth of hardcap can be reached, so scammers find this opportunity to make them making a quick bucks instantly. With this, a lot of new project coming in, as they can write whitepaper easily as they can hire good writers, they can also make website easily, and they can also do marketing as there's a lot of marketing out there that can be paid after the campaign, so they took advantage of this.

wack slacker

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Compared to other platforms, creating a smart contract and token has a lower creation cost. Looking at the blockchains of NEO and BNB, each contract is created and requires a huge amount of money. For BNB it is 50,000BNB and NEO is 100 to 1000 GAS. As such, every ICO project hosted on these blockchains is more serious. But according to market rules, if a project does not have a large enough leadership and investor and strong partners, that project will soon fail. Almost all projects organizing ICOs, IEOs and STOs have greatly reduced their token value.

Kodok Bencot

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The presence of tokens had brought a good direction for crypto, unfortunately now it's easier to make tokens so that many token-based projects are used for scam projects, and now many tokens are dead.

alrose

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Quote from: lolgato1 on November 14, 2019, 02:12:10 PM

50USD plus good marketing and bounty campaign could bring you a nice profit, thats why we see thousands of ICOs everyday and people still are investing. But times when ICOs raised millions of USDs for nothing are gone.

That's exactly what these times have not passed. Still, many more projects miraculously still collect decent amounts.There are a lot of naive people.Especially among beginners.I think this is the most at risk category.

poodle63

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Quote from: Paulinerims on November 15, 2019, 04:51:30 AM

Didn't know it was that easy, damn.

Explains a lot why there are so many new tokens and "blockchain projects". Investing in alts is for me the most profitable thing I do, but every year you need to be more careful because there are just so many scams. I hope something is done about this.

altcoin gives more volatility compared with bitcoin in term of the short term investment only. every year the scam icos is increasing a lot. So many parties have already discussed about this and the only best answer to give more education about that. There is nothing that we can do to prevent that. The scammer can issue a new asset anytime. We must be careful with it.

danielchris

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My opinion is clear that we should gain more & more information & knowledge about market conditions. Then take decisions.

Cherylstar86

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Quote from: Paulinerims on November 15, 2019, 04:51:30 AM

Didn't know it was that easy, damn.

Explains a lot why there are so many new tokens and "blockchain projects". Investing in alts is for me the most profitable thing I do, but every year you need to be more careful because there are just so many scams. I hope something is done about this.

I don't think there is way to do something about those scammers out there in which their project looks like so legit and very convincing. Regarding the blockchain projects is so useful though we can't guarantee its legit but we need to be attentive, observant and gather a lot of information before we conclude everything as a process of investing and buying those possible doesn't exists coin.

Chain Clash

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https://chainclash.com

I don't think that the technicalities of creating an ERC-20 token and a website for an ICO were the distinguishing factor between a successful and an unsuccessful ICO and a scam. Also, it's easy to buy thousands of members for a Telegram group or posts in all kinds of "news" sites and create some buzz. In a way, these types of ICOs were not much different from other get-rich-quickly schemes that always had a certain lifetime until everyone noticed that those only work for a very selected group of people.

After these many years of ICOs being around, scams and (few) successful and (many) unsuccessful projects, potential should've gotten more sensitive to what kind of information you'd need to give other people money. We've also been through that with crowdfunding, but crowdfunding is still there and works (for some).

tl;dr: Such services are great for whoever wants to run a half-assed ICO or try to scam somebody, but they don't make an actual difference because the unavailability of this in the earlier days hasn't prevented any scammer from scamming.

Topic: Reality of tokens - page 2. (Read 1158 times)