Topic: Reality of tokens - page 6. (Read 1190 times)
Most scam projects are from eth smart contract like everyone is saying and there is nothing to fix the issue now but yesterday i was aware that the next ETH upgrade is moving from the old blockchain to a new one, well if this is the case i hope buterin and eth teams will consider spanking off scam tokens and it can be easily done
This is the reason why ICOS are dead, it's so easy to create new tokens to scam people. Investors lost interest and trust and i think it will not stop until strict regulation is implemented on ICOS, it's still not too late to rescue ICOS from dying.
It is more safer to just invest on coins that are already in the big exchanges. It provides further security when its volumes are already big as it is easier to sell them anytime.
There are already ICOS that are SEC compliant and government compliant. All of them needs KYC though and there are many people in crypto that hates KYC. ICOS do not need to be rescued. A real and legit project can find a way to be successful and it is a bonus when it complies with government rules.
Of course its more safer to invest in top coins, they are surviving for years and in some of the coins we are sure that they will stay here in the future. People should really invest in these top coins before they start investing in risky new projects.
I agree with you that there are good and legit projects around, trustful projects with great teams behind.
I know that it's easy to make a new erc20 token, on some other platforms it's even easier to the same. People will try everything these days to make some money, but for them to be successful scammers they need much more then 100 dollars for a new token. This is just one more good reason for us to check carefully where we invest our money and in which bounties we plan to participate.
It's no secret that creating your own token is easy. But marketing costs are also necessary, and this is the most expensive event if the founders of the coin want to attract a lot of investment. But it is not enough to make a token and advertise a token, you need it to include in the listing of good cryptocurrency exchanges with high liquidity, and this is not cheap. Otherwise, the costs simply will not pay off. In addition, a token clone made on some service is easily recognizable. And Yes, this way of launching tokens has ruined the ICO industry.
This is the reason why ICOS are dead, it's so easy to create new tokens to scam people. Investors lost interest and trust and i think it will not stop until strict regulation is implemented on ICOS, it's still not too late to rescue ICOS from dying.
It is more safer to just invest on coins that are already in the big exchanges. It provides further security when its volumes are already big as it is easier to sell them anytime.
There are already ICOS that are SEC compliant and government compliant. All of them needs KYC though and there are many people in crypto that hates KYC. ICOS do not need to be rescued. A real and legit project can find a way to be successful and it is a bonus when it complies with government rules.
This is the reason why ICOS are dead, it's so easy to create new tokens to scam people. Investors lost interest and trust and i think it will not stop until strict regulation is implemented on ICOS, it's still not too late to rescue ICOS from dying.
I think ICO is less attractive now. Even though there are some projects that run ICO but eventually it will fail and bring novice investors money.
With this service, it can finally be seen that deceiving people is easy and inexpensive, not comparable to what they get from investors. It's better to learn more from experienced ones to invest in the right and profitable way.
IEO as a new tendency of token sales is replacing the ICOs and investing in the ICOs doesn't look attractive for me. It is now a type of fundraising for the scammers and the security concerns are no more barriers for IEO investors. Bearing the new features to the fundraising goals changes the opinion of the crypto population, the situation was changed from negative to the positive side.With this service, it can finally be seen that deceiving people is easy and inexpensive, not comparable to what they get from investors. It's better to learn more from experienced ones to invest in the right and profitable way.
This is probably a new modus in the crypto. Im afraid most platform or those who are literally wants to earn free money will do this kind of investment scheme and will take it to the highest act then if the project suddenly blooms then boom wille exit together with the money they have been collected from an crowdfunding source such as ICO.
Why the seller sells their service only for $50 ? That is like inviting scammers to using their service.
A real project won't use the service if only worth $50, because it will be risky for real project to using such low price service.
If anyone can make ICO website and create ICO token, then ICO won't be good to invest.
A real project won't use the service if only worth $50, because it will be risky for real project to using such low price service.
If anyone can make ICO website and create ICO token, then ICO won't be good to invest.
Yes it is a cheap start to make a scam project and with that service at least it becomes an additional input for other references for us to be more careful in assessing every project that appears. So still be careful because the scam project will not disappear even though regulations have been set, think again to spend your money to invest before you do in-depth research.
This is one of the reason many calls for ICO, IEO regulations. Creating tokens and coins are too easy, just look at OP's post, finding people to advertise is much more easier, look at the altcoin bounty board, but with regulations, at least these fly by night ICO will be trimmed down. These scammer will have a second thought of creating a scam project because they need to provide their identities and the validity of their project to the institution to secure investors participating in crowdfunding.
Yes it is a cheap start to make a scam project and with that service at least it becomes an additional input for other references for us to be more careful in assessing every project that appears. So still be careful because the scam project will not disappear even though regulations have been set, think again to spend your money to invest before you do in-depth research.
The rate of scam is now so much, fake project everywhere, perhaps because it is cheap to start up and make profit from innocent newbies. This is why we should endeavour to make or carry out research before investing in any project to avoid pains and regrets
We need to look at this from investor's prospectus as well as bounty hunter's prospectus. A through research about the development team and their previous projects will be handy to judge the strength of the team and bounty hunters should not feel inferior and do their own research before joining any bounty as most of them are scam nowadays.
The rate of scam is now so much, fake project everywhere, perhaps because it is cheap to start up and make profit from innocent newbies. This is why we should endeavour to make or carry out research before investing in any project to avoid pains and regrets
Yes indeed, there are many ways found by scammers to scam people in the crypto space. One of them is the one you have stated here. Basically, we, all bounty hunters, traders and investors, should be aware enough so as to avoid being scammed under any pretext. We as bounty hunters must research to a greater extent before promoting a bounty campaign.
bounty hunters cannot foresee actions that can be made by the team in relation to the bounty hunters. as a rule, at first, it seems to us that the campaign is good and in the end, they just don’t pay or pay 10 times less
Yes indeed, there are many ways found by scammers to scam people in the crypto space. One of them is the one you have stated here. Basically, we, all bounty hunters, traders and investors, should be aware enough so as to avoid being scammed under any pretext. We as bounty hunters must research to a greater extent before promoting a bounty campaign.
that's what happens why many ICO scamer now only have $ 50, they can fool people and get money easily. ICO can't count anymore because there are many scamer. IEO is a better generation than ICO
So cheap, but even you or I can make tokens from ethereum network, you just need basic knowledge of computer and with the help of google and youtube tutorials you can create your own token. But I think only people with scam motives will avail this, the website is so familiar the same theme with scam projects that already exist, no one will invest for sure people are smart now they will review everything unlike on the year 2017 everyone is greedy.
This is a sad reality we need to deal with within this crypto space. There are so many other similar crypto scam project like this that jyst create token without anything tangible to offer, then they go ahead to scam some lazy and novice investors who are to lazy to make appropriate research on good project to invest in. This will continue to go this way except if regulations come into play
If you organize your IEO, because you are a no-name, people will not buy anything.
The maximum that you earn is the price for listing on your exchange and for selling.
How do scammers manage to earn money?
They create a fictitious hype around their exchange. As a rule, this is not enough to attract many people, but enough for a small amount whose money will subsequently be brazenly stolen.
The maximum that you earn is the price for listing on your exchange and for selling.
How do scammers manage to earn money?
They create a fictitious hype around their exchange. As a rule, this is not enough to attract many people, but enough for a small amount whose money will subsequently be brazenly stolen.
yes, I agree with that, now there are many projects that only want to benefit themselves, with the lure of going to enter binance, bitmax or other large markets, the project has a lot of interest, I used to be fooled by projects like that, and I won't be exposed again for the second time.
Faster way to get much money is become owner of IEO and ICO, why not you can earn daily more than $1k for every investor in your coin, they do not think how the future your investment and how much you have get profit, they only know with how to earn money with their investment coin without care reality of token at the future listed on exchange market or not, have higher or lower price than ICO is not they worried when make new coin.
Therefore there are currently so many projects that are doing IEO. and I suspect a lot whether it's serious or just for their fraud project. to do an IEO right now it costs 0.5-10 BTC. Of course they already have a calculation of how much funding they will get with the capital he has spent so muchYes, even a small kind of project they are doing it ICO/IEO just to raise fund, so let us be very careful with this. We don't need to trust everything and we don't need to invest in every project, we just need to choose wisely, investigate and always check the credibility of the team, if they are really expert with what they are doing.
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