Topic: Scammers are now moving into Masternodes (2019 exit scam method) (Read 323 times)
Many masternodes coins are suspicious. But I think that now there is a new wave of projects with staking. These projects look good. Maybe it will be popular this year.
April 26, 2019, 07:10:22 PM
Yes indeed scammers try anything to scam, and i see a lot of this kind of scam attemp on discord where most of scammers advertise and say buy now on presale coins cheap for a masternode and after even they not start the project and run away, we should have somehow more people informed to not invest on this scam projects, because this affect even the price of bitcoin because scammers ussually sell bitcoin as soon as they get it.
April 26, 2019, 04:35:18 PM
The truth is that Scammers will always look for every way possible to make sure they scam people of their hard earned money, this is why we need to be very careful before investing in any project, not everything that glitters is gold, they know what people need and will always make fake promises about the need of people and then make away with the money once it has gotten to their possession, let's just be careful in this Crypto space.
April 22, 2019, 06:00:06 AM
Masternode is a good development strategy and system guarantee, but because altcoin's application uses masternode it, the operating cost is mainly used to sell altcoin! Therefore, most of altcoin with masternode has dropped significantly in recent years.
April 22, 2019, 05:06:00 AM
There is another indirect way to lose money when investing in MN. This is the use of services that provide services for co-creation and maintenance of MN. It often happens that these services are subject to hacker attacks and as a result the funds of depositors are lost.
April 21, 2019, 03:24:48 AM
Yes you are right, indeed.. scammers will make a way just to get easy money out of investors.. its better to invest to those project that are already in the coinmarket cap atleast you know that their devs are still developing /improving those projects
March 07, 2019, 01:03:25 PM
You have provided complete and useful information. Indeed, the methods of fraud so much and pretty much every time appears new and new. I think that your post requiring reading for everyone, especially the beginners.
March 07, 2019, 12:56:19 PM
Yes you are correct, this scammers knows that we have a lot of people interested in masternode, so they use it to get them.
What scammers do mostly is to check the current trend in the community and come up with a system with same model to scam people of their fund that is why we have to be very careful and make sure we do a very good research about any platform before even thinking of investing your money.
What scammers do mostly is to check the current trend in the community and come up with a system with same model to scam people of their fund that is why we have to be very careful and make sure we do a very good research about any platform before even thinking of investing your money.
March 03, 2019, 12:38:03 AM
Any Masternode that runs on PRE-SALE is 99% Scam & only a handful of project will survive in this type of business model.
Only those Masternode Project that is Pre-funded from own developers pocket will survive or will enough attention on the market today.
Only those Masternode Project that is Pre-funded from own developers pocket will survive or will enough attention on the market today.
March 03, 2019, 12:34:24 AM
It's very true what is written in this thread! It's amazing how they managed to pollute even the MNs! Soon they will be looking for other alternatives to steal people.
March 02, 2019, 08:25:23 PM
wow, it's very terrible scam mechanism that happened in ico all this time. maybe it was only discovered because of the analysis of several experts when several ico projects foiled the distribution of tokens to several bounty participants and decided to leave. if this continues, ico will die.
March 02, 2019, 12:55:25 AM
Yes, the scamming will never stop, and they will search on many targets to exploit. In this year, they will use another resource to scam people like before.
They can easily change the identity in every time they create a project because they can buy the information in many places and even they can just copy paste the data from one source to another source.
It is our job to find a legit project, so we don't get a bad experience because we don't know if the project will be good or not before we research them.
And related with master nodes investment, I see some people invite the investor to comes to their project and invest in some money to get a profit in a year, and they offer a huge percentage of profit which does not make sense to believe.
You need always to think before you invest in any investment programs and only use the money you can afford and don't invest in all money in one project only.
They can easily change the identity in every time they create a project because they can buy the information in many places and even they can just copy paste the data from one source to another source.
It is our job to find a legit project, so we don't get a bad experience because we don't know if the project will be good or not before we research them.
And related with master nodes investment, I see some people invite the investor to comes to their project and invest in some money to get a profit in a year, and they offer a huge percentage of profit which does not make sense to believe.
You need always to think before you invest in any investment programs and only use the money you can afford and don't invest in all money in one project only.
March 01, 2019, 09:29:11 PM
Masternodes has been a ponzi and a exit scam since 2017 and is continued.
After the relative success of DASH masternode, people all jumped into masternode and many coins offering a paid masternode made easy profits by selling masternodes that yielded no profit to the users. And a lot of variation of it are now in work.
After the relative success of DASH masternode, people all jumped into masternode and many coins offering a paid masternode made easy profits by selling masternodes that yielded no profit to the users. And a lot of variation of it are now in work.
March 01, 2019, 09:17:51 PM
Masternode projects that haven't been around for a while and that typically promise unrealistic returns are usually unlikely to last very long, especially in these market conditions and these types of schemes have been around for a while now they've just begun gaining more popularity recently as competitive miners seek to profit by being the "first in best dressed" with the most hash power so unless you're one of those it's best not to invest or contribute as it's likely you'll just be wasting your time and money
February 28, 2019, 07:26:11 PM
Masternodes have been around for very long time maybe you noticed this now. It was always like this, someone creates coin, premine, listing on exchange, pump, dump, launch another coin, repeat.
February 20, 2019, 08:59:33 PM
It's 2019 and still my number one motto in identifying this scams is 'If it's good to be true then it's a scam'
We can't stop bad people in doing this kind of scams though but we can help to limit the number of people getting scam by spreading different kinds of scam techniques.
We can't stop bad people in doing this kind of scams though but we can help to limit the number of people getting scam by spreading different kinds of scam techniques.
February 20, 2019, 08:55:02 PM
Yes, it's true, but it's also true that there are dozens of new real projects, carried out by teams composed of young people, seriously involved in the realization and development of the project. The Krium team is working hard to lay the foundations for a project aimed at advertising and beyond. you must be careful of scams, but also invest carefully choosing projects that are real and not fake.
February 19, 2019, 07:46:21 AM
Don't forget the Ethereum colors in 2017 
But to be fair, Blue Protocol which started out as Ethereum Blue is still alive.
They are everywhere aren't they? Scammers and fraudsters tend to level up or "evolve" once they've been busted.
But to be fair, Blue Protocol which started out as Ethereum Blue is still alive.They are everywhere aren't they? Scammers and fraudsters tend to level up or "evolve" once they've been busted.
February 19, 2019, 06:53:13 AM
Basic highlights of repackaged run away scam projects and this is one reason why investors have to make researches daily
And not be buoyed or bought over by the prospect of owning a masternode hitherto
And not be buoyed or bought over by the prospect of owning a masternode hitherto
February 19, 2019, 05:51:58 AM
Premined coins were quite usual before ICOs appeared and everyone started to create projects based in ETH or other established coins. As the OP has explained, when those coins got listed in some exchange, devs dumped their coins to zero. If you see a coin with premine, no matter dev's explication, you better stay away.
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