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Topic: Scam vs. Legit tokens (Read 416 times)

member
Activity: 266
Merit: 10
November 20, 2017, 12:43:08 PM
#32
How to know if token from airdrop is a scam or legit?
most airdrop dont scam. Which airdrop ask for password, private key is scam. If not then that airdrop not scam, but it free token is value or not depend on their devoloper
full member
Activity: 502
Merit: 100
November 20, 2017, 12:20:29 PM
#31
When you join to an airdrop you should not expect on it because its just a free token ,be thankful if they give you a token. But if not? Just move on and look again for another airdrop, Make sure that you won't give any donation because i think that is scam.
full member
Activity: 252
Merit: 102
November 20, 2017, 12:09:19 PM
#30
scam ?, airdrop no scam unless you are required to pay for it. if you are told to pay it is mostly a scam. because I've experienced it.
member
Activity: 70
Merit: 10
November 11, 2017, 12:10:01 PM
#29
You're looking for signals of long-term commitment to solving a real problem. You also want to see a proper application of the blockchain. If you ask "why is this on the blockchain?" and the answer seems like a cloud of smoke, then it's a sh*tcoin.

Like others have said, a working demo, or better a working product, should be a per-requisite.
sr. member
Activity: 588
Merit: 250
November 11, 2017, 11:41:54 AM
#28
I'm not too dizzy about airdrop, if there is time then you can do it. If not, I forget it.
there are other jobs that are more promising. Airdrop is easy but not all coins can be sold mostly just a junk coin. Angry
full member
Activity: 182
Merit: 100
November 11, 2017, 11:30:47 AM
#27
Check its website, see the contract and whatever you wanna join, don't ever give your private keys if they ask you to fill in a form registration.
Don't ever send amount of coins, especially with huge amount. It's just all alibi.
full member
Activity: 252
Merit: 102
November 11, 2017, 11:24:04 AM
#26

i have experience with token scam, its name is eGBYTE. he asked to pay 0003 eth to register. and from then on I will not again make the same mistake. airdrop it should be free .. that's it. if told to pay you should be careful.
member
Activity: 84
Merit: 10
Blocklancer Freelance on the Blockchain
November 11, 2017, 10:47:43 AM
#25
How to know if token from airdrop is a scam or legit?
The one strategy that I look at within the white paper is to see how the proposed useage of the token is being planned. Where will the token be used and how? Those are my main questions. Afterward, I attempt to answer the question who is going to be partnered with the token, as in big company wise. The reason for this line of thinking is to understand if there will be a large circulation of a token in big business. Otherwise, the speculation usually is right that a token stalls and profits evaporate. There’s always a need in closed system such as blockchain to have directions for the flow and funneling of a token — it needs to be used otherwsie it doesn’t go anywhere.
full member
Activity: 546
Merit: 105
Translation Service: English -> Polish
November 11, 2017, 10:24:31 AM
#24
Sometimes buying scam tokens is more profitable than buying the legit tokens. Regal coin and all the ponzi scams, people made huge profits like 50x, this is insane. I think I will look for scam coins and throw some money into them.
full member
Activity: 392
Merit: 106
November 11, 2017, 10:21:55 AM
#23
How to know if token from airdrop is a scam or legit?
from my opinion why you need find out legit token or scam token sir. airdrop means free token so if you get any token from airdrop? you can check all about like website,whitepaper,team,roadmap
and wait for coming market like etherdelta and coinmarketcap.

sr. member
Activity: 1078
Merit: 270
November 11, 2017, 09:29:22 AM
#22
How to know if token from airdrop is a scam or legit?

there is so much we can see from airdrop. most airdrop has no future potential, does not even have a selling point in the market. so I think if airdrop that has no concept or roadmap, or white paper is not an effort to follow.
sr. member
Activity: 702
Merit: 251
November 11, 2017, 09:26:44 AM
#21
How to know if token from airdrop is a scam or legit?
- They have products that are already working.
- Their products serve to solve that problem in the community.
- Clear long-term plan

Great points. Basically, to obtain this information, the best thing to do is to research on the coins or tokens. Also, take note that there are some hackers that use airdrops to hack and obtain your wallet details in fraudulent ways. So, joining blindly can have a double-edge effect because it put you on a vulnerable position.

I think some are/have collected a lot of data from airdrop participants.
I've also seen it happen multiple times that people pasted their private keys in the google doc instead of their wallet address.
member
Activity: 224
Merit: 10
Strategist
November 11, 2017, 09:21:12 AM
#20
Legit tokens are those who have a dedicated team, the token had a purpose, well planned roadmap and whitepaper while scam token are those who required you to donate some amount, forcing you to donate, asking your private keys. It's too obvious that they were scam though,  so don't fall for them.
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
November 11, 2017, 09:17:16 AM
#19
How to know if token from airdrop is a scam or legit?
- They have products that are already working.
- Their products serve to solve that problem in the community.
- Clear long-term plan

Great points. Basically, to obtain this information, the best thing to do is to research on the coins or tokens. Also, take note that there are some hackers that use airdrops to hack and obtain your wallet details in fraudulent ways. So, joining blindly can have a double-edge effect because it put you on a vulnerable position.
newbie
Activity: 27
Merit: 0
November 11, 2017, 09:14:31 AM
#18
sometimes those who ask for token donation are also scam so they can collect tokens for themselves but not all.  So you have to be careful if such things happen or go to their websites if something suspicious then its better not to participate.
newbie
Activity: 27
Merit: 0
November 11, 2017, 09:09:12 AM
#17
How to know if token from airdrop is a scam or legit?
You can go to their websites and check them out or you can find it as a scam if they are asking for your private kes, because all airdrops never require you to provide your private key, if they do you must doubt and do not fall for their scam.
sr. member
Activity: 532
Merit: 280
November 10, 2017, 04:59:20 AM
#16
How to know if token from airdrop is a scam or legit?
- They have products that are already working.
- Their products serve to solve that problem in the community.
- Clear long-term plan

Plus the project should have legit and reliable team. And at least founders should have high quality social media profiles.
I think even scam airdrop has these plan, they want to impress the people to get interest in their scam project. Its hard to determine which is the legit airdrop coin the important is you will only claiming their free and do not invest early you must need to observe while participating in their free token airdrops. Hoping that no one will got scam by the shit projects.
full member
Activity: 266
Merit: 100
November 10, 2017, 04:55:26 AM
#15
Ohhh, it's very simple my friend. All coins distributed airdrop fraudsters.
member
Activity: 235
Merit: 11
ENTRY cryptocurrency
November 10, 2017, 04:30:30 AM
#14
check the products if they have existing products,check the long term plan,and the developers.
or you can join them instead and wait for the cois to drop if it gets pump you are lucky.
member
Activity: 573
Merit: 11
November 10, 2017, 04:16:13 AM
#13
How to know if token from airdrop is a scam or legit?

Its very simple, to know if its scam or legit, if its a scam the admin will go ahead and sell on etherdelta without distributing anything to the airdroppers.
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