Too many project SCAMS - PLEASE CAREFUL

judeafante

sr. member

Activity: 2254

Merit: 258

Quote from: albon on September 05, 2021, 04:56:00 PM

Everyone should be careful of scam projects, as their tricks have increased, so far the scam project team steals the name of other projects to delude the investors that they are the original and they are only copying and pasting from the real project. In addition, they plagiarism the whitepaper for other projects and attribute it to their project.

In fact, these scammers are better than four or five years ago, they are so good that they can create projects that look so real, they know what investors are looking now, they don't create a coin for the sake of creating a coin, they have products and services attached to it because that's what investors are looking for and they actually doing this, this makes it hard for new and old investors to pick a good project.

Tigerheart3026

full member

Activity: 1018

Merit: 113

Quote from: omone1 on September 01, 2021, 03:00:59 PM

I have resolved to stop buying stupid IDO and preslaes. I lost over 20+ ETH to useless projects. People just wake-up and create a copy cat tokens without any use case only imitation. Where are all the Y family series? BSC now has huge scamming projects that where able to win the people's heart, all of a sudden is a flash loan attack and that ends the project.

ido is hyped platform to new created crypto projects. over 20 eth approximately $60k+ according current price of eth. it's massive loss,

in renowned ido platform i did not see so much fail project even many can not participate in ido projects because there will selected winner can join.

onecall123

sr. member

Activity: 2156

Merit: 323

There is obviously a crypto bubble happening, and scam projects are a clear indication of that. Unlike others, I'm unsure whether such shady projects will endure the bear market. In my opinion, it all depends on institutional holdings. Regardless, choose what you want to take profit on, choose your accumulating targets, and stick to that mantra and hope for the best. In the currently cycle we are in, the scam project will soon come to an end.

Rigon

sr. member

Activity: 994

Merit: 441

We are currently seeing many projects. All of you be careful. You must look at the scam projects before you start working. And those who want to invest must know whether it is a project scam or not Notice. You must see the website team. The scam project is currently very difficult to identify So those who want to invest or work on the project must work carefully.

bison

full member

Activity: 778

Merit: 100

SmartFi - EARN, LEND & TRADE

Quote from: BAGOBO on September 05, 2021, 11:33:48 AM

Don't invest in any project without you knowing the details of the project especially make sure the team must be valid and not anonymous, control the emotions not to rush to invest your assets but have to test the feasibility of developing the project in a month, it will complete the analysis before making a mistake in investing.

Good advice, in a good project it will definitely be neatly listed what they have to offer, a clear road map and biographies of the team that manages it must also be listed there, nothing is covered up let alone offering airdrops by asking people to deposit some of our money there first, it would be ridiculous if we were to be tempted by such an offer.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

Even if you are very careful you'll get scammed, scammers are not targetting newbies anymore they are targetting even those who are experienced investors I also experienced that in one Defi project, it was too late to see the warning signs, always take a close look and check out opinions and be open while doing your own research it will help you weed out the bad ones.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: albon on September 05, 2021, 04:56:00 PM

Everyone should be careful of scam projects, as their tricks have increased, so far the scam project team steals the name of other projects to delude the investors that they are the original and they are only copying and pasting from the real project. In addition, they plagiarism the whitepaper for other projects and attribute it to their project.

Hard to monitor these even a user will do their DYOR at their best.

It's good not to solo research but also do it with the people here. Before investing, users can ask questions here and see what they think of that project. We can also refer to the project's Telegram group and talk with others there. In the first place, we know the difference between legit users and scammers that will talked to us.

Remember too not just to be careful but always stay vigilant like what we are doing on our other investment outside the crypto.

Dilladupak

full member

Activity: 630

Merit: 102

The opportunity to earn money from Cryptocurrency is indeed very high, and it is used by bad people to get money by becoming scammers. We really have to be careful here, as I remember this SCAM project started to emerge since the beginning of 2018, and it got worse until 2020. And until this year there are still many Scam projects happening. If we are new to Cryptocurrency, it would be better if we choose a project that is already listed on Coinmarketcap and has a high market cap.

albon

legendary

Activity: 1890

Merit: 1537

Everyone should be careful of scam projects, as their tricks have increased, so far the scam project team steals the name of other projects to delude the investors that they are the original and they are only copying and pasting from the real project. In addition, they plagiarism the whitepaper for other projects and attribute it to their project.

Alanaz

member

Activity: 980

Merit: 10

Quote from: ?? on ??

This year is rarely heard of fraudulent projects, but nowadays many BSC tokens are just shitcoin,
of course that is also a category of fraud, yes small scale fraud, because we have to be smart about choosing the fundamentals of the BSC token project,
remember Safemoon? look at the price of safemoon dropping dramatically, so be careful when choosing a token

maybe it is like that but small or large scale, fraud is still a fraud and it is not justified.
Besides that, for BSC, there are still many tokens (sh**coin) which are very disturbing when they are in a wallet such as Minerium, The Ever or Vera. there are so many sh*tcoins like this.
I feel sorry for beginners who are still many who are deceived by tokens like this.
and indeed being careful in choosing projects or tokens is really needed here because if you take the wrong action and only participate in unclear coin or token fomo, don't expect your money to come back with a profit.

Hasan986

full member

Activity: 416

Merit: 101

Many projects are currently being launched. Many are succeeding. However, scammers are taking advantage of this. The scam project is launching scam tokens and taking money from investors. So before investing, you must know the A to Z of the project. If it is a real project then you have to invest. There is no need to invest even if there is a little doubt.

Orange89

jr. member

Activity: 1078

Merit: 2

I WANTED EVERYONE TO BE HAPPY IN LIFE

Very Well Said nowdays i am receiving so much Fake/Scam token on my wallet and mostly such scam token are listed on their own website which when you connect with your main WALLET your wallet fund can be loss or Hacked if you have any doubt that project is scam create a new wallet send your token to that new wallet and then you can do transaction atleast if its scam your MAIN WALLET fund will not be effected

BAGOBO

legendary

Activity: 1163

Merit: 1005

Quote from: Wicked17 on September 03, 2021, 11:49:37 AM

Most of the the time, those project that gives hope with fast ROI and big gains in a short period of time are mostly scam. Never ever trust those projects otherwise you may end up losing a lot of money. And also regarding the percentage its fine even if you put half of your money as long as you know and you already research and well known creator are founder.

Don't invest in any project without you knowing the details of the project especially make sure the team must be valid and not anonymous, control the emotions not to rush to invest your assets but have to test the feasibility of developing the project in a month, it will complete the analysis before making a mistake in investing.

rezasg

newbie

Activity: 74

Merit: 0

Quote from: ductruong on December 31, 2020, 04:32:35 AM

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Before venturing into any investment, you should always conduct an extensive research to lessen the risk of getting scammed or losing your money. Carefully analyze the project's mission and vision. Check out its white paper, roadmap, and affiliations. They must have a dedicated, legit, and transparent team. A positive community that supports the project is very important as well. I have taken into account the above criteria, that's why I feel secured holding some top-performing cryptocurrencies in my portfolio including this undervalued gem called Stakenet XSN.

zachyboy090118

copper member

Activity: 142

Merit: 6

Quote from: ductruong on December 31, 2020, 04:32:35 AM

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Yes so many scammed now using crypto technology, actually im one of the victim of this kind of scammed l, a betting website scammed using USDT token as their tool in there scam. Im talking about Muyan66 which snatch almost billions of fiat all over asia.. But we learn through our mistake and life must go on, we should always be vigilant always and do a review always.

Wicked17

full member

Activity: 476

Merit: 107

Quote from: gwdf1 on September 03, 2021, 11:44:20 AM

The first rule is that we shouldn’t trust projects that promise us big gainings without risks. But actually, the thing is that scam projects don’t look furtive in most cases. Their task is to be as plausible as possible, so it is really difficult sometimes to find a trick. So the main thing is not to invest more than 10% of your capital in such projects and not to invest the whole sum in one project. You had better diversify.

Most of the the time, those project that gives hope with fast ROI and big gains in a short period of time are mostly scam. Never ever trust those projects otherwise you may end up losing a lot of money. And also regarding the percentage its fine even if you put half of your money as long as you know and you already research and well known creator are founder.

gwdf1

full member

Activity: 680

Merit: 103

The first rule is that we shouldn’t trust projects that promise us big gainings without risks. But actually, the thing is that scam projects don’t look furtive in most cases. Their task is to be as plausible as possible, so it is really difficult sometimes to find a trick. So the main thing is not to invest more than 10% of your capital in such projects and not to invest the whole sum in one project. You had better diversify.

herizal85

full member

Activity: 532

Merit: 100

Quote from: plvbob0070 on December 31, 2020, 07:19:34 AM

Various scams are already apparent for the past years and we cannot stop them. That's why it's also a part of getting into crypto space is to know how to avoid and keep yourself safe from scammers. Since the adoption is continuously growing, more scammers will use it to delude beginners. Remember to always be careful with projects you are choosing and to always do prior research.

Yes, it's true that we have to research a project first if we want to participate in it, from the past until now I think many projects end in fraud and this has happened to me when I joined a project with the lure of payment in bitcoin but ended up with deception.

avarnet

sr. member

Activity: 896

Merit: 250

It is true that at the end of 2020, many fraudulent investment websites committed fraud so that many people were deceived by such sites so that many people lost because of the wrong place to invest, and for all of us we must be more careful in choosing a website to invest so that we don't invest. there is a loss in investing. We have to really research the website we want to choose, because our choice is the choice of our future masses

King Khaizan

member

Activity: 285

Merit: 12

this is something we are very worried about, when cryptocurrencies are growing, people's trust levels are increasing, in fact there are parties who take advantage of the situation to take negative actions that harm many parties. This needs our collective attention to eradicate every crime committed by them.

Topic: Too many project SCAMS - PLEASE CAREFUL (Read 3922 times)