Topic: Scammers favorite tools - page 2. (Read 630 times)
I think anything that promises instant returns and very high gain are red flags for crypto scams. most successful projects developed slowly but surely. If one wants to invest in crypto, he must research if the projects have practical usage and sustainable development of their platform.
The most effective tool or trick that scammers used are the spam links that they send through mailbox or other messengers. And unfortunately a large number of people got trapped into this. The thing that insists to click on these links are some kind of Lucarive offers comes alongside these messages. So make sure to never click on scam or unverified link that may arrive in your inbox or message.
Based on what I had observed I guess Masternode coins are the most effective tools for this to scam others here in this community business in the forum guys. Then, one of the apps they are using it too was Telegram this has been proven and tested I know many of us seen these things
in most telegram channels.
in most telegram channels.
Any catchy use case can be used by scammers to fool investors, the lists of use cases they can use are unlimited, it's your job to find any means necessary to spot any scam intents from any new projects and also, since DeFi is reigning now be prepared for some scam DeFi projects
Their creativity to make new ways to scam people will always improved. Those scammers knows how to ride which hype they should enter so they can take advantage of those newbies seeking to gain more profit from your money. Just remember that too good to be true giveaway will always associated with scam. There are no free money easily. You should be able to recognize that after you been scammed.
I notice that scammers do not bring anything new to the market. They repeat the same schemes without coming up with anything new, only the investors who are newbies in cryptocurrency change. Only newbies can believe that you can earn 100% in 24 hours.
I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like
1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens
Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive
Exactly as you said, Buddy, scammers trick is evolving everyday, in 2013-2018 projects were using mining tokens as a trick, nowadays, you can't find new project claiming to be a mining project. Additionally, DeFi (Decentralized Finance) is onboard trick now, members be careful about new projects claiming to be DeFi project because it's booming in the market structure right now. DYOR. 1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens
Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive
I hope that this is more of a current market history and randomness than a pattern. Audits will fix it
I also am a victim of one of those types of projects. Day by day those scammer becoming more creative about scamming peoples. Sometimes i wonder how they find all these unique ideas for stealing people's money. For these types of activity real and potential projects failed to collect enough funds for the project developments. People afraid to lose their money again.
Their creativity to make new ways to scam people will always improved. Those scammers knows how to ride which hype they should enter so they can take advantage of those newbies seeking to gain more profit from your money. Just remember that too good to be true giveaway will always associated with scam. There are no free money easily. You should be able to recognize that after you been scammed. I notice that scammers do not bring anything new to the market. They repeat the same schemes without coming up with anything new, only the investors who are newbies in cryptocurrency change. Only newbies can believe that you can earn 100% in 24 hours.
Well I guess this is also a good thing that scammers don't put in the effort of creating something unique to scam the people and rather copy other projects to scam people because it makes easy for us to detect the obvious scam. Though many people were scammed in the beginning because of these projects, people have become more aware that such projects are most probably fake which is why it's actually good that scammers are using the same technique again.
there are many project in various aspect that are scams with little or nothing to offer. the reason why professionals insist on investors to reach and research about projects before spending their money to invest. unless you are good in gambling. the new tools for scammers also include gambling projects which are totally cpy cats from previous projects.
I don't think anyone is good at betting, especially in terms of investment, all jobs really need further research and analysis, because making hasty decisions without doing research will only ruin oneself and one's life. 
I bet on scammer's next favorite tools is going for DeFi project since they're trending right now. Please invest in DeFi project carefully.
DEfi project since its hot now actually there are many defi project created as of today you can check bounties atcoins and you can find many defi project that have bounties.There is also other way I found that they are using fake wallet website with fake return they promise if you stakes you crypto in them and other use fake application .they are improving everything For them to keep up with new trends .
I also am a victim of one of those types of projects. Day by day those scammer becoming more creative about scamming peoples. Sometimes i wonder how they find all these unique ideas for stealing people's money. For these types of activity real and potential projects failed to collect enough funds for the project developments. People afraid to lose their money again.
Their creativity to make new ways to scam people will always improved. Those scammers knows how to ride which hype they should enter so they can take advantage of those newbies seeking to gain more profit from your money. Just remember that too good to be true giveaway will always associated with scam. There are no free money easily. You should be able to recognize that after you been scammed. 
I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like
1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens
Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive
They survived Because there are still some fools that trusted them even how many times that same style these scammers are using.1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens
Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive
Don't you get that same technique they are using?meaning the same people involves on these scamming.
Try not to believe in same like this and trust me this will stopped sooner.
I bet on scammer's next favorite tools is going for DeFi project since they're trending right now. Please invest in DeFi project carefully.
That's probably will happen. Scammers are very good at taking advantage of trending projects. Remember back in 2018 when ICO projects raised as a hype, scammers immediately took advantage of it and fooled a lot of people. DeFi projects is developing and gaining its reputation through the market, the term "DeFi" is become a trending word in the forum. Surely there will be a chance for scammers to fool people! Be careful guys! You are right, this techniques as been working for quite sometimes now, and I hope investors will learn and stop falling for cheap scam. 80% of exchange projects too is pure scam, they don't have any real usecase, just mere attractive name to deceive investors.
many exchange projects have emerged lately, and they always offer a variety of attractive facilities and great benefits, yet they usually give a number of coins to bounty hunters and they give their own value to their coins, exchanges like this should be on the lookout , so you do not lose your money I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like
1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens
Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive
1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens
Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive
Lol, if you have issues with Gold-Backed token then you are not a good project or token researcher. Because to my very understanding; The digital gold stable coin has been ever reliant and functioning well with good volumes on different exchange platforms as an alternative to usdt or other stable coins. When it comes to gold backed tokens; verify the gold amounts in vault; when it comes to deflation tokens, remember it is a pump/dump token. When it involves AI projects; its 2 side of a coin.
Always do your own research
there are many project in various aspect that are scams with little or nothing to offer. the reason why professionals insist on investors to reach and research about projects before spending their money to invest. unless you are good in gambling. the new tools for scammers also include gambling projects which are totally cpy cats from previous projects.
that's why if you do really want to gamble, just play in the known casino sites here. you can always visit the gambling board in this forum and look for reputable ones. if you want to try new casinos, better deposit small amount as you will see potential problems when it comes to withdrawal time.
and also, not only those types of projects mentioned by the OP are prone to screwing investors, but almost a lot of blockchain projects. you have to spot those projects that have empty foundations and just here to grab money from naiver users.
I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like
1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens
Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive
1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens
Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive
That's true, all these use cases have always being met with bad endings for investors while the team moves away with the funds generated. However from the list, I can say based on my own understanding that gold backed tokens tends to be the worst as I have not seen any which is working nor any which is actually living up to expectations. In the case of deflation tokens, I think there are some platforms which uses it, such that when tokens are used for services the supply tends to reduce nevertheless it was still leveraged on by scammers to achieve their aim. Therefore what this shows is that, before one invest in any project, one should study the use case and make sure it is something that can work.
there are many project in various aspect that are scams with little or nothing to offer. the reason why professionals insist on investors to reach and research about projects before spending their money to invest. unless you are good in gambling. the new tools for scammers also include gambling projects which are totally cpy cats from previous projects.
I bet on scammer's next favorite tools is going for DeFi project since they're trending right now.
I agree with you. DeFi project seems the next potential tool to use by scammers effectively. Well, one of the ways to scam people effectively is by using what the most favorite ones currently. We must know that nowadays, most scammers prefer to use IEOs on small or unpopular exchanges to attract people than using ICOs. As most investors don't trust again in ICOs, scammers rarely used ICOs to trap people anymore. We must realize that scammers are always following the current trends in crypto to get the victims, so be more careful guys!!Yes IEOs could be one of their tools, but they can't be accepted on bigger exchanges and they cannot venture into approaching such exchanges, because thorough research will be done, such as the IEOs on Binance, Gate.io and other bigger exchanges in the space. They most times prefer exchanges like p2pb2b, latoken and the likes, because they are birds of same feathers.
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