Topic: Scammers are now moving into Masternodes (2019 exit scam method) - page 2. (Read 351 times)

I started to remember them, they even sent emails several times to me that we are giving some amount bla bla.
https://www.reddit.com/r/CryptoCurrency/comments/98mv31/most_masternode_coins_are_a_scam/

Yes, I also noticed a significant increase in the number of such projects. Dear investors, beware! Do not invest in projects that work for several days and immediately suggest to you get a huge benefit from masternodes. Think with your head!

Thanks for this warning. Defrauder keep coming up with new ideas to get the money from unsuspecting people. At the moment it's probably masternode projects and next month certainly something else again.

Yes, back in 2017 there were projects with the main focus on the fact that they will use MN. There were no other important features in their coins. This surprised me. Now I get at the goal of the devs was to rise money from MN lovers.
If, when studying a project, we see oddities, contrived problems to solve, then this is a false project.

Strongly agree, because in the past two years many project masternodes were born just like that, without valid clarity, even when they made coins and registered to the market the price tended to be cheap and there were no enthusiasts at all, I strongly agree that scammers have moved to bow masternodes.

I mean no one should be investing in a project without checking the technical aspects of it, doesn't matter if it's the new thing. I really do not know what to say I mean I would never put my money into a project that I haven't done my proper research on, I do not care what team members are in the project.

I would always ask myself is there any use to this? will users be using this even after the investors are gone?

Most people get stuck up on looking at the team members first but no you first look at the project idea and ask yourself has this been done before?

If yes then is it really worth investing in it? what would make them better than the other.

You are looking to invest into duplicate ideas, just because it's succeded the first time doesn't mean it will succeed again after all the new ideas that actually solve something is where the big money is at, not the duplicates.

Exactly! Your thread is very enlightening with regard to SCAM in the last 2 years! That's basically what happened, I remember this eBTC airdrop. Before him there were some like Ethereum Dark, DeepOnion and some other less famous, but in fact, the airdrop concept was not so famous until the airdrop eBTC! In fact a lot of people made a lot $$$! Since then there has been the airdrops boom. Masternodes was not something so common, I remember when some important coins like Dash adopted this incentive system, since then some other projects have also adopted, but also at the end of 2017 began to appear more Masternodes! The MNrank site was the most famous for me, today you find thousands of websites on the subject! Through banks or anything else that calls itself a defender of people, they are trying to destroy the PoW mining and put people in the minds of the PoS concept! But no one understands that this concentrates what is already difficult to decentralize. This combination MN - PoS (Premine), without Pow, a coin needs some origin, is literally scary.

Last time in 2017, there are many exit scams happening in many projects especially in ETH platform (called tokens) with the "E" token name since the trend of eBTC project creation. There are too many project plagiarism that copies eBTC (Example: Tokenize version of ETH, BCH, Ripple, Doge etc...) which are many investors getting hype in those project because of the popular coin/token ticker name with it and ended up investing in no value/fake projects. Their livechats usually in Telegram and Slack.

In 2018, there are many reports that a newly created coin/token project almost all info's are plagiarism and putting a team that doesn't involve in the project in the first place (Identities were real but the person isn't even into cryptocurrency) and also running a ICO with a fake data of coin/token purchases (based on explorer) or the coin/token doesn't exists. Now the scammers using a team members that with randomized picture and name! They putting a picture of a team and the name is randomized so the people who'd like to invests to the fake projects can't track on their info's (and some admins/mods in live-chat apps like Discord & Telegram saying that they're real and they already did meetup in some random events about crypto trying hard to convince investors to invest). If scammers can't convince investors, they're running a Airdrop/Bounties that has KYC required (they need your passport most of the time) which they'll sell your identities thru black market.

Now in 2019, there are noticeable exit scams of coin projects with masternode + huge premine by devs (more than 10 projects) in january. They're announcing members especially investors to invest in their pre-sales (which is the bonus is more than 100% of bonus coin/token purchases) which can attract investors and joining into mn. After the coin is listed on the newly or low volume exchange especially the free or vote listing, they'll set their own coin price before they'll announcement of their project is listed on exchange. After having fake high volume (which the devs buy and sell their own project currency) in 3-5 days, they'll getting lists on CoinMarketCap and more members will hype about the project price is almost the same as the pre-sales. Investors especially the whale will bite the price and pump it higher and higher, in that time, devs will sell their huge premine and abandoning the project like they didn't make a project at all. They're mostly in Discord now. Be careful of some random folks which is dming you with their discord invitation link in their first posts. If you're a investor and unsure what altcoin will you invest, invest and hodl BTC and ETH instead.




Take note: This is only my experience and opinions, I might be wrong in some point of what I post.