Too many project SCAMS - PLEASE CAREFUL - page 14.

Kid4U

newbie

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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.

thats a great advice for me and aslo for everyone who are intrested to invest in new project
but now i am adding one more to this that those project who force you or request you to invest
they must not be genuine. project because genuine project impress people by his roadmap planing and his project concept
so those reason people love to invest in his project.

MonaLeeTracy

sr. member

Activity: 1092

Merit: 269

Especially many Defi projects which in my opinion are only fraudulent schemes. I've almost been fooled several times. better avoid your risk of investing in unclear Defi or new altcoins. This is the same as you are gambling because you don't know in the future they will be accepted by the market or not. so many scams that have occurred nowadays

msarro

hero member

Activity: 788

Merit: 505

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.

Even when the Bitcoin was not in its all time high there's a lot of scam projects already that scattered not just here on the forum but also off the forum, that's why it's important to make your own research and study the project.

bitkanu

hero member

Activity: 2184

Merit: 513

Moonbet.io | Web3 Casino

Quote from: saffira on January 13, 2021, 12:40:07 AM

Thank you for your advice. I experienced many projects which smoothly flows until end and tokens are distributed. The problem is I am waiting on listing. Unfortunately,until now they are not on exchange. It is hard to detect. Scammers are everywhere and yes we should be very careful.

The listing can be done only by the developers but as supporters and you can also try to ask the exchange site to list your token but the problem is I didn't even believe there will be a supporter that wanna try to put his money into the risk or paid the listing fees. If the developers already raised million dollars worth of money and then that indicates if the developers were scammers.

saffira

full member

Activity: 700

Merit: 100

Thank you for your advice. I experienced many projects which smoothly flows until end and tokens are distributed. The problem is I am waiting on listing. Unfortunately,until now they are not on exchange. It is hard to detect. Scammers are everywhere and yes we should be very careful.

fuer44

sr. member

Activity: 1652

Merit: 262

almost all the methods are the same so it will be very difficult to detect. At the start of the bounty, everything will go very well, from rules, spreadsheet calculations to distribution. but what will be difficult is when waiting for coins to be listed on the exchanger, it will definitely take a very long time. and the possibility is that it is a scam, or it is already listed but the exchange rate is so low it can also be called a scammer.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

maybe the best project is one that has a physical form, or something that is currently very useful. however, there are already quite a few projects that have become scams that have no real programs. In fact, from various types of crypto project fields that have concepts such as gold, robots, AI, and others, many have become scams at this time.

rhodelmabanal

full member

Activity: 1140

Merit: 103

Buzz App - Spin wheel, farm rewards

It is not new in crypto scammers are always there and the only way to avoid scammer is to search on the project that you want to invest and be careful on investing, if it involves money and asset we need to be more careful because it is really hard to earn money and if we fall into scammers im sure that all our money and asset will be gone. The only problem is to identify the scam and legit poject, i believe that the legitimate project is being handled by the trusted team, so we need to search the team background history.

makishart

legendary

Activity: 3108

Merit: 1029

Quote from: ameliana on January 12, 2021, 02:21:38 PM

yes, it is true that fraud is always around us and scammers have thousands of ways to deceive their victims. but you seem to have forgotten to mention Defi. Nowadays Defi trend has become a new alternative to Scam action and you / anyone should be careful and alert before taking part in it.

The scammers were moving to the new trend and they were creating the fake project to fool the investors. Defi trend has become the way for scammer to scamming the investors.
People should do DYOR before try to participate in any defi ico even the defi ico that claimed already locked its liquidity can do rug pull.
it's too risky to participate on it right now.
The scammers become even smarter than before consider they started to use the various action command for smartcontract.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

Quote from: Jawhead999 on December 31, 2020, 05:00:50 AM

~

I think you need to add 2 more examples since that's currently FOMO and HYPE right now :
- Anything with DEFI project
- DEXs and Swap service giving free airdrop (e.g. Uniswap, 1nch exchanges)

and this is what scammers use to attract the attention of the masses. on behalf of DeFi, trying to get broad market support, unfortunately, it is not supported by a clear product,
so it seems rushed and gradually disappears.

Lately, there have also been many new DEXs that require us to link them to our wallets, be careful, it could be a trap that puts your assets at risk. make sure to use a separate wallet from your main wallet,
always be careful.

Kabul

sr. member

Activity: 619

Merit: 250

Everyone needs to rise their awareness so as to spot out any scam project. Not many investors are as smart as us and therefore, we have a duty to expose and destroy scam projects. In 2017, there were hundreds of shady projects created just for only one reason: to deceive investors and steal their money. Right now, we are standing at the middle of the all time high and no doubt that thieves try to abuse the situation.

Be careful. You are free to ask anything on this forum. Therefore, make a question before investing in any shady project

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: ameliana on January 12, 2021, 02:21:38 PM

yes, it is true that fraud is always around us and scammers have thousands of ways to deceive their victims. but you seem to have forgotten to mention Defi. Nowadays Defi trend has become a new alternative to Scam action and you / anyone should be careful and alert before taking part in it.

Without knowledge better to stay away, riding with this project is very risky though chances to gain is very possible if you have strong knowledge

as taking your investment will allow you to position yourself in the place and in the right time. Everything that you needed are learnable the more

you have your interest the more you can pick the right project away from any scammers around.

Dessy88

full member

Activity: 1050

Merit: 100

Vave.com

Yes this is surely a good thinking because there are many scam project coming everyday so we need be careful before investment those project. A clear scam project going to listed quickly an a exchange like uniswap after some days later there going to scam from investors. So properly our believe very less in new project.

ameliana

full member

Activity: 887

Merit: 100

yes, it is true that fraud is always around us and scammers have thousands of ways to deceive their victims. but you seem to have forgotten to mention Defi. Nowadays Defi trend has become a new alternative to Scam action and you / anyone should be careful and alert before taking part in it.

itovault

newbie

Activity: 35

Merit: 0

What about all the Uniswap clones coming out? Are those essentially scams? There's a ponzi-scheme like element where they're not doing anything new, and then just launch a governance token.

Baihaki Khaizan

full member

Activity: 700

Merit: 100

fraudsters are indeed very difficult to eradicate, especially in the present moment, so for that, let's monitor it together and immediately send information to the public about crimes that can harm us. stay alert and always be smart in viewing offers.

fullhdpixel

hero member

Activity: 2828

Merit: 611

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.

It’s not a new thing but it’s good for us to always talk about it so that we can remind ourselves to be cautious with what we are doing, because if we are not, that’s when we fall for their traps. And another thing is to let newbies be aware of what they are into and be very careful as to not lose their money in the hands of scammers that promises good deals which turns out to be fake at last.

Why I am saying this is because some people will always things like we already know about it or that the op should stop repeating topics that has already been posted, nah there is nothing wrong with this post, it is very important to always have a reminder.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: Yurkov on January 07, 2021, 06:22:20 PM

The same thing happened in 2017. Whenever fresh money appears on the market, scammers also get active. The same is happening on every financial market, not just the cryptocurrency market. Always be careful, especially when something looks too nice to be true.

Even when the market was on the bearish trend and the scammer will be also very active to create more and more scam project. It's sad to see that there are still some people who called cryptofull with scammers while they didn't see the reality that happened with another financial instrument.
Scammers are everywhere and Im always seeing people got scammed through various ways every day.

plr

member

Activity: 1162

Merit: 24

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.

After what happened in 2017 and there after I'm pretty sure many investors have learned their lesson especially old investors, they now know what to look on a project, it's potential so far many new projects are caught trying to scam investors they are expose, the community is now good in hunting these bad actors.

Yurkov

sr. member

Activity: 1463

Merit: 265

Pepemo.vip

The same thing happened in 2017. Whenever fresh money appears on the market, scammers also get active. The same is happening on every financial market, not just the cryptocurrency market. Always be careful, especially when something looks too nice to be true.

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