They only way a project can have two smart contract wallets is when they swap from one to the other base on a certain reason, or a scammer making the copy of the original tokens to scam the unsuspecting investors.
One was for testing another one is unlicensed and third is official licensed. So I would like to think.
Topic: What does it mean when project has more than one smart contract? (Read 311 times)
November 03, 2019, 09:24:03 AM
They only way a project can have two smart contract wallets is when they swap from one to the other base on a certain reason, or a scammer making the copy of the original tokens to scam the unsuspecting investors.
November 03, 2019, 08:28:09 AM
well , its confusing , u know what ?
we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
This is his answer and I do not know why but he wanted to discuss this matter on DM not on official telegram channel. I think that everyone should know the reason behind that many smart contracts.we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
So as you can see his answer doesn't explain anything.
Honestly I do not know what to do. I do not want to waste again dozens of hours on translating whitepaper for scammers.
@Flangler, it is obvious that the admin who is trying to get info from the team is yet to give you an accurate answer.
He should say something about other two smart contracts. If they are coming from scammers outside the team, they should do something about it, but if it is from them, then something is suspicious.
It is better you ficus on a legit project that you are sure is not scam, than to keep working for a project you are in doubt of.
This explain almost everything to me. I will stay out of this project but I think the rest people also should know about this. I would open scam accusation but I think this is not enough.
Those contracts are not yet used by the team and it's too difficult to determine whether those contracts belong to the team or not. At least you must wait until there will be a contract that will have used by the team to send a coin to the another address.
We can trace this and this is much more solid compared with arguing those contracts are belong to the team without any transfer from all of contracts.
But it looks good to see if everyone must try to stay away from this project consider so many suspicious things around this project.
November 03, 2019, 08:08:53 AM
This is an old trick, they created two smart contracts to divide the Investors and Bounty hunter. Investors will get a token from the mainnet while Bounty hunter will get a token from the secondary smart contract, they do that to prevent Bounty hunter from dumping the market and locking Bounty hunter token.
Of course, they will not say it out loud afraid angering Bounty hunter, if you want to participate in it. Make sure you can afford to waste your time promoting their project for nothing.
Of course, they will not say it out loud afraid angering Bounty hunter, if you want to participate in it. Make sure you can afford to waste your time promoting their project for nothing.
November 03, 2019, 07:41:47 AM
only they will be able to explain the true reasons... but this is smelling fishy...
Maybe hidden tokens that are supposed to be dumped by devs? don't know... I would be extremely cautious after that reply on Telegram... when I have this kind of doubt I just look for another project... there are so many around that we should need to keep on doubting
i dont think they want to dump the other tokens since if they create a new smartcontract the distribution will be the same, Unless they make additional supply of that token. And the old token will be removed in exchange if they make a new one. Maybe hidden tokens that are supposed to be dumped by devs? don't know... I would be extremely cautious after that reply on Telegram... when I have this kind of doubt I just look for another project... there are so many around that we should need to keep on doubting
November 03, 2019, 07:23:30 AM
Indeed, there are examples when the project created new smart contracts.But in this case, there should be no movement on the old smart contract.
November 03, 2019, 05:57:41 AM
Neext part
This explain almost everything to me. I will stay out of this project but I think the rest people also should know about this. I would open scam accusation but I think this is not enough.
At the very beginning of having more than 2 smart contracts, you should have doubted the team already. This is not a normal situation to have 3 smart contracts, without further explanation coming from them, it is a malicious action. They can't even explain why they have 3, they just give the correct smart contract. This explain almost everything to me. I will stay out of this project but I think the rest people also should know about this. I would open scam accusation but I think this is not enough.
November 03, 2019, 05:35:47 AM
only they will be able to explain the true reasons... but this is smelling fishy...
Maybe hidden tokens that are supposed to be dumped by devs? don't know... I would be extremely cautious after that reply on Telegram... when I have this kind of doubt I just look for another project... there are so many around that we should need to keep on doubting
Maybe hidden tokens that are supposed to be dumped by devs? don't know... I would be extremely cautious after that reply on Telegram... when I have this kind of doubt I just look for another project... there are so many around that we should need to keep on doubting
November 03, 2019, 05:16:38 AM
well , its confusing , u know what ?
we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
This is his answer and I do not know why but he wanted to discuss this matter on DM not on official telegram channel. I think that everyone should know the reason behind that many smart contracts.we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
So as you can see his answer doesn't explain anything.
Honestly I do not know what to do. I do not want to waste again dozens of hours on translating whitepaper for scammers.
@Flangler, it is obvious that the admin who is trying to get info from the team is yet to give you an accurate answer.
He should say something about other two smart contracts. If they are coming from scammers outside the team, they should do something about it, but if it is from them, then something is suspicious.
It is better you ficus on a legit project that you are sure is not scam, than to keep working for a project you are in doubt of.
This explain almost everything to me. I will stay out of this project but I think the rest people also should know about this. I would open scam accusation but I think this is not enough.
November 01, 2019, 07:12:02 AM
well , its confusing , u know what ?
we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
This is his answer and I do not know why but he wanted to discuss this matter on DM not on official telegram channel. I think that everyone should know the reason behind that many smart contracts.we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
So as you can see his answer doesn't explain anything.
Honestly I do not know what to do. I do not want to waste again dozens of hours on translating whitepaper for scammers.
@Flangler, it is obvious that the admin who is trying to get info from the team is yet to give you an accurate answer.
He should say something about other two smart contracts. If they are coming from scammers outside the team, they should do something about it, but if it is from them, then something is suspicious.
It is better you ficus on a legit project that you are sure is not scam, than to keep working for a project you are in doubt of.
November 01, 2019, 06:21:36 AM
well , its confusing , u know what ?
we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
Yeah, It's definitely confusing and have doubts about that kind of project. Well, nowadays many users here do their very best to scammed other users, hopefully each and everyone us here must aware that kind of situation. Also, be attentive and ask more questions and research of that project because in other case they do to mesmerized your mind and caught your attention in the end.
November 01, 2019, 05:57:11 AM
well , its confusing , u know what ?
we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
This is his answer and I do not know why but he wanted to discuss this matter on DM not on official telegram channel. I think that everyone should know the reason behind that many smart contracts.we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
So as you can see his answer doesn't explain anything.
Honestly I do not know what to do. I do not want to waste again dozens of hours on translating whitepaper for scammers.
October 31, 2019, 12:12:16 PM
well , its confusing , u know what ?
we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
we can say one of them a scam contract if the creator is different , but in this cases, both of it created by same address, wich mean i dunno what the plan behind it.
also it created in the same day, what the hell is it ?
hey OP , did u asked why they created 2 smart contract ?
and did u checked already ? i mean , probably on their whitepaper have some info about it.
October 31, 2019, 10:24:45 AM
Several projects have done similar thing in the past, yet there was no problem, although, some did it to scam. However, since Javi_Anibarro has made further enquiry to get a proof, which might be a reference point in future, it can be used to give proper judgement.
The case should rest for now, until the team does otherwise.
The case should rest for now, until the team does otherwise.
October 31, 2019, 07:56:35 AM
This is their official smart contract:
https://etherscan.io/address/0x4c695286debc393c038dd9fdb4b01729daaa1d93
I got this from the owner directly and I have screenshotted his reply in case he does not admit in the future, you can see it below:
If you want to check it, you can click the link below to direct you to his message:
https://t.me/QuubeExchangeChat/38530
Your post has already answered OP's question about that but so many people here are still confusing about that which doesn't make sense to see that. https://etherscan.io/address/0x4c695286debc393c038dd9fdb4b01729daaa1d93
I got this from the owner directly and I have screenshotted his reply in case he does not admit in the future, you can see it below:
If you want to check it, you can click the link below to direct you to his message:
https://t.me/QuubeExchangeChat/38530
They must remember if anyone can create a new smartcontract. I believe those contracts created by scammers. So many scammers these days are using this method. You have posted a valid coin but that needs additional information if smartcontract opened for the public. The token address can be issued anytime with used the same ticker.
But to verify which is the correct address must be talked with the developer itself.
I hope people in this place will not give a nonvalid assumption before try to check itdirectly. This kind of trict has already used by scammer to create a new coin and then make the supporters are feeling confusing which is a real contract.
October 31, 2019, 01:45:28 AM
In fact, it’s okay if there are several smart contracts.
But in this case, you should either get a response from the project team, or leave this project and forget about it. Because in this case, both smart contracts are used to manage the same token. This is alarming.
But in this case, you should either get a response from the project team, or leave this project and forget about it. Because in this case, both smart contracts are used to manage the same token. This is alarming.
October 30, 2019, 11:48:47 AM
Hello
I just do not understand why QuuBe exchange hase two smart contracts?
Can some one more experienced than me look into it?
I asked them on telegram but still no answer (2 days no anwser).
1. https://ethplorer.io/address/0xaaef8b20c61feb54746a3beb86133ae3f65ae72d?from=search
2. https://ethplorer.io/address/0x8c50d40245c98c7563b4d33a59998bad912a7d4c?from=search
and creator: https://ethplorer.io/address/0xae26b2990f1a47b96e3309edee449c7036eb1d31
It seems that creator have more tokens than their total supply.
edit:One project which had two smart contract occurred to be scam that's why I'm also asking
I just do not understand why QuuBe exchange hase two smart contracts?
Can some one more experienced than me look into it?
I asked them on telegram but still no answer (2 days no anwser).
1. https://ethplorer.io/address/0xaaef8b20c61feb54746a3beb86133ae3f65ae72d?from=search
2. https://ethplorer.io/address/0x8c50d40245c98c7563b4d33a59998bad912a7d4c?from=search
and creator: https://ethplorer.io/address/0xae26b2990f1a47b96e3309edee449c7036eb1d31
It seems that creator have more tokens than their total supply.
edit:One project which had two smart contract occurred to be scam that's why I'm also asking
my advice is better to leave a project like that. I see this project as a Scam project. might be normal if the project has 2 smartcontrac on two different blockchain. but if it's on one blockchain, this might be a problem. so it's better not to pay attention to projects like this.
October 30, 2019, 10:24:53 AM
I've experienced investing in a project who have 2 smart contract. At that time they converting their tokens into new smart contract, then we'll have the same amount of tokens and the same name but with different smart contract. The old token price become worthless and not recognized. So, i think they're just converting their tokens into new smart contracts for some reason
October 30, 2019, 10:19:20 AM
Hello
I just do not understand why QuuBe exchange hase two smart contracts?
Can some one more experienced than me look into it?
I asked them on telegram but still no answer (2 days no anwser).
1. https://ethplorer.io/address/0xaaef8b20c61feb54746a3beb86133ae3f65ae72d?from=search
2. https://ethplorer.io/address/0x8c50d40245c98c7563b4d33a59998bad912a7d4c?from=search
and creator: https://ethplorer.io/address/0xae26b2990f1a47b96e3309edee449c7036eb1d31
It seems that creator have more tokens than their total supply.
edit:One project which had two smart contract occurred to be scam that's why I'm also asking
If both addresses are theirs, investigate. But do not get the idea that they are just scam without knowing what it is. As friends have indicated, there is only one address in the telegram. Maybe they re-created another one because there was something wrong with the first one. Besides, wait until you get an answer to your question. I just do not understand why QuuBe exchange hase two smart contracts?
Can some one more experienced than me look into it?
I asked them on telegram but still no answer (2 days no anwser).
1. https://ethplorer.io/address/0xaaef8b20c61feb54746a3beb86133ae3f65ae72d?from=search
2. https://ethplorer.io/address/0x8c50d40245c98c7563b4d33a59998bad912a7d4c?from=search
and creator: https://ethplorer.io/address/0xae26b2990f1a47b96e3309edee449c7036eb1d31
It seems that creator have more tokens than their total supply.
edit:One project which had two smart contract occurred to be scam that's why I'm also asking
October 30, 2019, 04:59:47 AM
This is their official smart contract:
https://etherscan.io/address/0x4c695286debc393c038dd9fdb4b01729daaa1d93
I got this from the owner directly and I have screenshotted his reply in case he does not admit in the future, you can see it below:
If you want to check it, you can click the link below to direct you to his message:
https://t.me/QuubeExchangeChat/38530
https://etherscan.io/address/0x4c695286debc393c038dd9fdb4b01729daaa1d93
I got this from the owner directly and I have screenshotted his reply in case he does not admit in the future, you can see it below:
If you want to check it, you can click the link below to direct you to his message:
https://t.me/QuubeExchangeChat/38530
October 29, 2019, 03:51:02 PM
This calls for serious suspicion and should be well checked. Although, we cannot come to the conclusion that it is a scam project. It is also possible that they might be carrying out their investigation, not knowing what to say now, until there is light to it, because if it is true, it is more like they are implicating themselves.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
October 29, 2019, 02:44:52 PM
Why then are you promoting the exchange through your signature when you're not sure what you're promoting isn't a scam due to your past experience. Your question would be best answered by the developers so I recommend you take this question to them on their group chat and when you do get a response kindly update your OP with it for some clarification incase similar question is been asked on the forum for me to reference your thread.
Here are some possible reasons though;
These are just some absorption but like i previously said, the developer are those in the right position to give you an accurate answer therefore contact them.
Here are some possible reasons though;
- The second and other smart contracts are probably from scammers disguising themselves as the main project to scam Investors. I.e the other smart contract are fake since it's quite easy to create a new project with similar identity as previous projects with ethereum blockchain.
- The project just recently swap tokens i.e they move from the old smart contract to a new one for reasons best known to them.
- The project has different types of ethereum based tokens e.g Erc20, ERC-223, ERC-721, and ERC-777 standard tokens. Some project operate with different types of tokens either on the same blockchain or different blockchain. Your ethereum wallet are capable for this different type of ethereum based tokens so you might not notice they're different.
These are just some absorption but like i previously said, the developer are those in the right position to give you an accurate answer therefore contact them.
October 29, 2019, 12:01:33 PM
There can be various scenarios. But the most common one is that they just did a token swap. A lot of projects are creating a new smart contract for more safety, to reduce the total cap, to attract new audience and a bunch of other factors.
October 29, 2019, 10:05:39 AM
lots possibilities
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
If they change their smart contract then they should immediately burn the old one so that it does not move in circulation. The same thing I see in my wallet sometimes it doubles and eventually disappears as well.
So you have to ask them exactly what their purpose is and why they have two smart contracts.
There are many reasons why they have 2 smart contract there is also possobility that the other token just use the same ticker but different project.
October 29, 2019, 10:00:10 AM
maybe the another one for backup, but i dont really know why they make it.
i have join some project about one year ago, and they make the new smart contract for their token, so while i hear their token going to list exchange.
I cant sell my token, i see on website smartcontract is different from my token, becarefull with that project, maybe the same thing will happen.
There are some projects that change their smart contract, but they give an announcement for their participants. They will collect all the coins and exchange it with a new smart contract. The old coins will be burned after that.i have join some project about one year ago, and they make the new smart contract for their token, so while i hear their token going to list exchange.
I cant sell my token, i see on website smartcontract is different from my token, becarefull with that project, maybe the same thing will happen.
In this case, it is different. Having multiple smart contract should have an explanation. It is something to be announce and cleared by the developers.
October 29, 2019, 09:42:53 AM
maybe the another one for backup, but i dont really know why they make it.
i have join some project about one year ago, and they make the new smart contract for their token, so while i hear their token going to list exchange.
I cant sell my token, i see on website smartcontract is different from my token, becarefull with that project, maybe the same thing will happen.
i have join some project about one year ago, and they make the new smart contract for their token, so while i hear their token going to list exchange.
I cant sell my token, i see on website smartcontract is different from my token, becarefull with that project, maybe the same thing will happen.
October 29, 2019, 09:20:04 AM
lots possibilities
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
If they change their smart contract then they should immediately burn the old one so that it does not move in circulation. The same thing I see in my wallet sometimes it doubles and eventually disappears as well.
So you have to ask them exactly what their purpose is and why they have two smart contracts.
As yourself if you will still continue to become part of it.
Firts of, they should be active in their telegram channel to provide answers and updates, if this was not met, it means that the team is not responsible enough to launch the project.
October 29, 2019, 08:28:46 AM
lots possibilities
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
If they change their smart contract then they should immediately burn the old one so that it does not move in circulation. The same thing I see in my wallet sometimes it doubles and eventually disappears as well.
So you have to ask them exactly what their purpose is and why they have two smart contracts.
October 29, 2019, 08:11:13 AM
lots possibilities
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
If they change their smart contract then they should immediately burn the old one so that it does not move in circulation. The same thing I see in my wallet sometimes it doubles and eventually disappears as well.
So you have to ask them exactly what their purpose is and why they have two smart contracts.
October 29, 2019, 06:49:53 AM
lots possibilities
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
scammers trying to create a fake token that they can use it for future scamming or the developers made a test token.
Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
October 29, 2019, 06:49:10 AM
I have tried to find their real smart contract too but I could not find it anywhere, FYI there 3 smart contracts and you missed this one:
https://etherscan.io/address/0x4c695286debc393c038dd9fdb4b01729daaa1d93
and if you check this address, you will find all of those tokens together:
https://etherscan.io/address/0xae26b2990f1a47b96e3309edee449c7036eb1d31
I am not sure what they are trying to do.
https://etherscan.io/address/0x4c695286debc393c038dd9fdb4b01729daaa1d93
and if you check this address, you will find all of those tokens together:
https://etherscan.io/address/0xae26b2990f1a47b96e3309edee449c7036eb1d31
I am not sure what they are trying to do.
October 29, 2019, 06:47:41 AM
Based on their telegram, the official contract address is https://etherscan.io/address/0x8c50d40245c98c7563b4d33a59998bad912a7d4c
It's not that hard to create erc-20 tokens but I don't understand why they have to create two. It's also a concern that they haven't responded to your question yet. You have to monitor if there will be a movement on that other contract address.
It's not that hard to create erc-20 tokens but I don't understand why they have to create two. It's also a concern that they haven't responded to your question yet. You have to monitor if there will be a movement on that other contract address.
October 29, 2019, 06:22:39 AM
Hello
I just do not understand why QuuBe exchange hase two smart contracts?
Can some one more experienced than me look into it?
I asked them on telegram but still no answer (2 days no anwser).
1. https://ethplorer.io/address/0xaaef8b20c61feb54746a3beb86133ae3f65ae72d?from=search
2. https://ethplorer.io/address/0x8c50d40245c98c7563b4d33a59998bad912a7d4c?from=search
and creator: https://ethplorer.io/address/0xae26b2990f1a47b96e3309edee449c7036eb1d31
It seems that creator have more tokens than their total supply.
edit:One project which had two smart contract occurred to be scam that's why I'm also asking
I just do not understand why QuuBe exchange hase two smart contracts?
Can some one more experienced than me look into it?
I asked them on telegram but still no answer (2 days no anwser).
1. https://ethplorer.io/address/0xaaef8b20c61feb54746a3beb86133ae3f65ae72d?from=search
2. https://ethplorer.io/address/0x8c50d40245c98c7563b4d33a59998bad912a7d4c?from=search
and creator: https://ethplorer.io/address/0xae26b2990f1a47b96e3309edee449c7036eb1d31
It seems that creator have more tokens than their total supply.
edit:One project which had two smart contract occurred to be scam that's why I'm also asking
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