Bitcoin Forum

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

Token market has become very similar to HYIP market where you can simply buy a php script and hire a designer make a website for you. It's even simpler for ICO market because you won't need any script, just wordpress hosting will do the trick.

 It's really sad that cheaters are targeting crypto market as well in big numbers. That's the main reason why ICO market has lost its credibility! People need to understand that tokenization of everything will only lead to big disaster!

And that was a fact,  they can even hired a person who can create a white paper for them thats why there are many plagriazed report here. Because the whitepaper belongs to other project and edit only few words to make it more legitimate .

It's not just recently but this has been going for a long time.

Why there are so many token projects released with ICO or IEO each and every day with literally nothing new?
Because it's easy to invest $200-300 and get a return in tens of thousands of dollars if they got some people to invest in sh*t token.

Once, it's done then rinse and repeat.

Also, there are many gigs available online which will develop a crypto exchange for you only for a few hundred dollars.
Then just get some people to use it and then in no time the website will be unreachable and all funds are lost.

This is the reality and this has really damaged the whole ico market and also has imapcted overall crypto market very negatively, the only way out i see is that there should be some centralized registration and licensing authority that should only allow icos that fullfill minimum quality, kyc and use case parameters.

need aside from this create site, and project which you want develop, I not think that you that the invest if you have team will not understand from whom. we need to confirm the team members

And if a project is frugal enough, there are several absolutely *free* ERC20 token creation services on this forum alone.

The fact that the barrier to entry to the ICO scene is so low explains why the quality of most tokens have drastically fallen after ERC20 tokens became the standard for ICOs. No longer do you even need to create your own blockchain, which was an easy task in itself.

It also explains why airdrops are so popular from a dev's perspective. The cost of setting one up can be done under two digits USD, while if anyone actually buys into their token, they can easily make thousands of percent in ROI.

This probably is part of the reasons many investors are now very weary of investing in ICOs, Tokens in themselves are worthless unless they can be deployed to represent some sort of products or services. Stats from ICO are appalling. It is easy for scammers to create some worthless tokens and then charge a fee for them. No one should ever invest in a project without sufficient research

Yeah, that's how scammer works right now. It's not difficult to find them. Just see their website, team,  whitepaper. Mostly the website are using same template with the others. Their concepts as well, can find on the whitepapernya and mostly are very weak and irrational. Using fake team profile also become their method.

thats right, at this moment a lot of scammers and cheaters in this industry
and maybe thats the main causes why we should be more careful to choose an ICO even IEO project before we drop our money

The capital needed to become a scammer by making a paslu project is very cheap but with multiple funds income. Website creation services and ERC20 tokens with only $ 50 on Facebook provide convenience, even myself who is a beginner can make them. Just how to market it and make new investors interested in massive discounts. We must be careful to choose projects so as not to be fooled by fake projects

I did this research on Fiverr, some people is also offering for 30 USD. Even though scam projects isn't so easy. You have to create a development team and social update everyday. In Fiverr more people are ready to create website and whitepaper. More hard regulations should build for new ICO.

This one of the reason why ICO now lost their credibility and legitimacy due to this. People now are quite smart to scam others , and mostly those who are new to crypto and wants an instant profits are the ones scammed by this kind. And even if the capital investments is low than $50 , people will grab this oppurtunity to make profits that they did not even know that this is scam.

what ?
just for 50 bucks u can make money 1-2 millions usd ?
did this why lately there are a lot of ico that doesn't make sense?
well well , good info bro.
this world must be crazy already,I hope from this discovery, people begin to study about ico if they want to be bounty participant or investor.
btw, are creating erc 20 token its easy like that ?

I have so much been thinking about this and now found the remedy, the truth is that this bunch of scamers turm to makr not less than 100%. ROI so they stand the chance to waste more time on defrauding the public. I pray soon that regulations will step in to curb bad nuts like such persons because its just not healthy, its unwise

Actually most of the newbies and simple people dont even realize that how easy it is to create a token and then creator just dumps on them once they get listed on exchanges. It takes too little to get on exchanges which want money to scam their own users. For example: A token named Roobee got listed on Yobit and guess what more than 98% of the supply is in first 10 accounts.
So what can any one expect in such a scenario?

Imagine right 50$ investment then if youre a good in marketing and has some knowledge in blockchain you can easily fool many people. No doubt crypto always been scrutinize by SEC. These kind of people are no conscience and just doing a dirty work yo earn dime out of people who have deep pockets but no brain at all. I hope some solutions will be lay to avoid such scam activity.

With only $ 50 a fraudster can make millions of dollars profit, I am also worried about beginners if they want to invest and choose a project that turns out to be a scammer, if you want to invest it is better to ask the more experience in this forum also many experts in choosing good projects and don't decide for yourself if you don't want to be tricked by others.

Token creation nowadays is very handy even a little child could create his own token. And if you want to appear more professional and legit, there are hundreds of whitepapers out there in the internet and copy-paste some portions of those and you will have now a professional-looking scam. And if you have more than 50$ to start with, you could join crypto or blockchain conferences even as an audience only and you have already earned additional merit to blind investors.

Most of these types of frauds had been going on for quite some time even before the advent of ICO's that is why we need to raise more awareness on this things to prevent people from getting  victimized over and over again!

Fortunately, I think the cryptosphere is now getting more matured and most of its members are now well aware of this kinds of scam and should be equipped with necessary knowledge to detect it and avoid it accordingly not like before when mostly were victimized due to their naivety!

That's why as an investor we have to be really careful about choosing which project to invest.
People like this are scamming newcomer to crypto and promising them a high profit in a quick time, those are got scammed also sometimes are greedy people who not doing research before investors and want a quick profits

Fiverr is not the only one and I have discovered so many kinds of services like this even in my local freelancer site.

The majority of people are offering this kind of crap service are coming from emerging countries. There are so many scam services that helped scammer.

I believe if those who are offering the service already know the mechanism of scam ico and this is the problem.
If we can report them all will be a good thing to be seen.

The hunters must try to educate themselves to know more about this. I found some services too. Even a freelancer website is being abused by scammer.

It's actually a scam token. investor must be careful and try to invest in a trusted party but even some crap exchange sites are creating partnership with scammers.

That is why i look project from it's product. My perspective is, when they have no product yet, they create ICO to make their ideas get realized. It means they only rely on investor's money or maybe not have back up from their own money.

It's a pretty good example of how undervalued and scammy tokens nowadays are, and I think the entire community has found out the reality of that during the 2017-2018 ICO boom, where companies were able to scam for millions.

You are probably easily able to create a token, smart contract and website for less then 100 dollars, and then you can copy a whitepaper or pay someone to do, and then start promoting it via your tokens and bounties. Basically can get a scam up and running for less then 100 dollars.

I would guess that most people on fiver understand they are providing a service to a scammer.

Concepts and ways of thinking like that, why tokens that really have the quality of the development of blockchain technology are often not appreciated. Last year when the ICO trend was very high the concept emerged as you said it was, by attracting investors by making tokens that are quite easy and the benefits provided were large, and there was ICO scam. ICO is now much avoided by investors and is more inclined to IEO because its authenticity is guaranteed by the exchanger site.

Yeah, this is the reason why plenty of scrap projects are launching everywhere because they can easily create their own token then they just do the rest like marketing,whitepaper,roadmap,team and etc.

Just to make their project a legit one even if their main purpose is to run away any investment money that they can gain from it's launch. This kind of wok will surely ruin the reputation of genuine projects.

I am not surprised at all that it is now so easy to start an ICO project and with $50 starting cost, anybody can start the ball rolling and get people (a team) to make the project a little bit attractive and start promoting in social media perhaps first giving some free token airdrops to generate some buzz. However, I think that more and more people are already educated on how things here world and with many people who got burned in 2017 and early part of 2018, we are all discerning as to what constitute a real project and just a plain scam.

Of course, there will always be exemption to any rule or common understanding so some newbies and greedy personalities can still be enticed. This can be the reason why we always now dealing with new project under the auspices of a reputable crypto exchange -- the IEO way of crowdfunding. I already considered ICOs as dead as most people frown upon projects introduced that way. The message here is clear: No more ICOs, please.

Now, I am hoping that soon I can find a good Fiverr seller offering an IEO in a good exchange. At least, that can be better and not a bitter taste of a pill to swallow.

same with me  no real product ready is look like they just want to raised funds the serious project should have a ready to use product and the fund the they will raised is just to help the project to be bigger.

it has been like this for a long time, people are trying to make fraud through ICO, but now the system is different, namely IEO and now much better,
because IEO was bought from an exchange not from the ICO website,
now what we have to examine is how the strength of the project itself, and who the members are in it, and certainly if they have a license that is also good,

This is a fact and has existed for a long time, so fraudulent ICOs became popular and people lost faith in ICO projects. In my opinion, there is a need for close supervision from a professional organization

it turns out it's easy to make an ICO scam only with $ 50, with $ 50 you have got a complete package to start fraud, this work can be done by one person without having to mobilize a team, because it cheapness will be a lot of fake projects that use this service,
meaning it needs special supervision on the bounty. did anyone know how many are campaign that use this service.

You are on the money there.  I already knew the barrier to entry into the ICO field was low, but this is just ridiculous, and doubtless the individuals/groups that take advantage of this sort of service are not going to be creating projects they think are going to be valuable in any way.

Anyone here besides myself think that ICOs have jumped the shark at this point?  I mean I can just see them dressed up in a leather coat with slicked back hair on jet skis right now, and if I'm right this probably means that the days of bounty hunting are almost over.  This kind of crap cannot go on forever, because I hold the fundamental belief that people are not *that* stupid and can't be tricked over and over indefinitely.

Yeah, but I've never seen anything like this.  You know it's bad when services like this start popping up.

new coins, new tokens and new exchanges have huge problems mostly, many projects are here to raise fund and new exchanges are here to conduct IEO to get big money, new projects and new exchanges can't be trusted, thank God that big exchanges are the third parties between projects and investors, if not the results will be more disastrous

This is what we face daily for as little as   $50, posts of funds are lost to scammers. Probably they should be a means of checking most of the ICOs or IEOs coming up because daily they abound in the space.

the cheaper it becomes, the more projects appears and more people got scammed and as final result, less and less people will go into it.
seems like natural regulations. but that is also means that scammers will launch new HYIP project soon to scam people

So it only takes 50$ to create an ICO website? no wonder scammers are growing big in crypto space, no wonder Erc20 tokens ars mostly useless and garbage projects, this is why i warned people about tokens, all the listed coins on cmc 80 percent are tokens and almost all of them are scam projects, thanks for sharing the link i will spread this out as possible

Thanks for your link.
It's easy to create a coin or token, so scam projects are everywhere. Up to now, people no longer believe in ICO projects.

THat's nothing. You can basically buy a "scam in the box" ready to scam away. You get ICO creation software. All you do is like you say to make the social networks and copy and paste the bounty just like every other bounty does.

Have a look https://codecanyon.net/item/icowallet-ico-script-complete-ico-software-and-token-launching-solution/23203151

Basically write fluff change the theme make some social media and fake bounty. Everything is copy-paste so it can be put up within an hour. It is disgusting. They do nothing and earn so much. There are actually projects out there trying their hardest and these guys come and do this.

These kind of services have roots way before when eth icos were a thing. Back then people had services that they will make/fork a simple coin for you (i think that they still offer those). And because lack of ico funding models there were lot's of pump & dump schemes to make money instead. Interesting to see what they will come up next as they always find a new way.

It turns out that it is very easy to make tokens on an ICO and there is not much capital spent so it is very easy for fraud projects to occur like they are now without work but can produce so much, this is the problem we have to solve so that the ICO scamer project does not grow and become more rampant.

In addition to it, go to conferences and make selfies with people who have reputable names in Crypto. I saw samething in a scam token Roobee where the creator has clicked selfies with Binance CEO etc..... And people get fooled with it.

We should all be careful when trying to invest in any project. If someone can create token with just $50, that means we ain't safe anymore in crypto. Crypto regulation is all we need now to stop this fraud before it eats so deep into the system and becomes a norm

What can we do about it? whatever happens to tokens will have impact on ethereum future, i hope vitalik can do something about it on the long run before more damage is done to eth glory, eth teams need to start removing bad projects

That is really the sad state of alt market right now, anyone can hire someone to create a supposedly token for them for a mere $50 just like you find and then BOOM, start of scamming crypto investors in the community.

And this is the main reason why projects last year and up to this year are not moving forward, gone are the days (2017), wherein there's a ICO craze. People not as getting smarter as well because ICO projects are exposed as 99% scammed.

They've learned more diversions instead of quitting in crypto, people were now clever enough in taking advantage with the current market. That's why our trend is very unpredictable, and I am not convinced on those latest ICO projects this year to attain a good results. We're now nearly to end 2019, holiday season is only two months to go and yet it's still a mistery on what will happen with crypto market this December.

These thousands of different made up tokens don't impact on ethereum future what so ever. Anyone can make them. That's the whole point.


The whole point of ICOs is that they are unregulated smart contracts that can transfer tokens without involvement of any third party authority. There's nothing that Vitalik should do about it.
Only thing we can do is not give money away for obvious scams with fake or anonymous teams. More research you do on where you are putting your money in, more safe you are.
If you want to own your own coins, it's really your responsibility on where you spend them.
If you don't want to be responsible of your own coins, you can try some custodial wallet services, but that takes away the whole essence of cryptocurrency and those can be scams as well.
If you want safety but and you can't provide it for yourself and still want to invest to sales, you can always try highly vetted and regulated IEOs by trusted exchanges that have some safeguards to protect their customers in case of the fraud.

But even if the project is not a scam, it doesn't guarantee that you wouldn't lose ton of your invested money when the price drops.

Tokens are worthless and this is why i think ETH can still lose its second position on cmc if this is not fixed , ETH blockchain has become most use by scammers in crypto world and it keeps growing yearly, 90 percents of useless projects are running on erc20

I think ICO is less attractive now. Even though there are some projects that run ICO but eventually it will fail and bring novice investors money.
With this service, it can finally be seen that deceiving people is easy and inexpensive, not comparable to what they get from investors. It's better to learn more from experienced ones to invest in the right and profitable way.

Very good point. In fact, participation in any ICO, unless it is conducted by any large authoritative organization, has lost all meaning. IEO is the only way out of this situation, but there may be fraud too. However, if you want to be sure for the safety of your invested money, you first need to be sure that the development of the project are real persons who already have experience of successful development of cryptocurrencies.

Fake team, a copied whitepaper and you are ready. If you write $1 million worthy of token in bounty title, you will find thousands of hunter to promote your scam project. Afterwards all you need to wait for hunt until you will be realized that you are scam.

Everything is easy now and we are the ones who can protect ourselves. Taking these into consideration will be your best profit from crypto.

It's less attractive yet some were still able to scam many especially newbies,I hope time will come that ICO will be eliminated and only existing projects will do their fund sourcing or if there are new projects they should be partnered in existing companies that somehow same in their ideas since almost ICO released this year is somehow a coy of old ICO's yet prople still invest in it.

That's why there are so many scam projects here. when many projects always hide the team's information and come up with ideas that can't be worse to cheat.
Therefore, investing in ICO projects is really very difficult. We must be very careful in our analysis before making any investment decisions.

that's why we must deeply analize the projects quality.if we don't do this by ourself we will face bad reality in market,such as trapped in fake projects or even we loss all our money.we will easily find fake projects that based on token,caused it easy to create and many people provide their services about smartcontract creating.unresponsible person will copy other whitepaper with this token.

It is not difficult to write a simple smart contract, create a website and write a whitepaper, costs you in total less than 500 bucks. But the problem is that back in 2017 that could work, but now people want working products and real use case.

It's not always like that. The cryptocurrency community is still very young and is growing all the time. New people do not know how to verify the credibility of the project. I think scammers are looking for such people. And I think many is scammed by them. Let's hope that this will change and new users will learn first and then invest.

This is for real HYIP project are moving in ICO becuase they follow where the money is.
Since its trending even in social media they decided to move to ICO. look at what mirracle tele offered  a monthly 20% return and look where they are now ,gone already with the money from investors.

oh really, if before icos come I don't think such services are needed. but well, its doesn't matter.
otherwise, i just think cryptosphere still have a lot of dummy people, hunger with free money, still promoting scam project, even though they know already that .

Yes, IEO is better than ICO, but in fact after the IEO period is over and the HYPE period is over, prices that have soared become slumped immediately. So I think this is the same as money games. Whoever comes at the beginning gets the most. It was seen from investors who just want to profit quickly. In the long run, it depends on the development of the coin or token itself.

I am amazed to see how cheap is to create all the things to trap the innocent investors and bounty hunters. It's very sad scammers finding new ways to scam the people easily. Because of scam projects market is badly affected. We have to be more cautious to identify scam projects.

Yes, it’s difficult now to compare the market with, say, 2017, a lot of problematic projects, market correction, and the decline of altcoins, I also think that in addition to investments, you need to constantly trade, while it does not matter how much a coin costs, you can trade and a little profit, but constantly

Yeah and because of this scammy projects the society sees that crypto investment is all about fraud and bull shit. it is very hard now to on board new investors in crypto space because scammers are so good on creating a fake project that will looks like legit for everyone by simply spending a little amount of money and hire some people to do the work for them.

difficult to restore public confidence because of the many frauds that occur, plus the ability of people to judge good or bad investments quite a lot that do not know it in other words they invest because of references and this happens a lot.

If this was during the last bull run then the scammers would have chance of raising money in the space, there are several projects in 2017 that were able to raise huge amount of money but ran away with people's fund. Only a gullible person would invest blindly into any projects now without due dilligence

The fact that creating your own coin is not a difficult task is rather good than bad. After all, this blockchain is freedom. It is bad that people use this freedom to the detriment of others, trying to cash in and get rich at the expense of other people, which in itself is a flawed way of thinking. However, as I said above, everyone does what he wants, our task is not to fall for the tricks of all kinds of scammers.

Fraudsters are also not fools and do everything so that their activities bring the best results.  I don’t pay attention to projects that, like spam, come to email or in other dubious ways, because even if there is a real project that provides sufficiently complete information, even after a complete analysis of which, it can still turn out to be fraud.

Just a quick thought! There are two possibilities that came to my mind about this developer. One is maybe he/she is a late bloomer in the ICO scene that is why he/she is charging a very low cost development fee which is ridiculous and in fact, I doubt if he/will get a 1k dollar income on more than 10 projects he/she will help setup or maybe be given a huge bonus if the scam ICO succeeds! ;D I think if only he had experienced the ICO boom of 2017 then he/she would be more likely could have charged more than 1,000 times per project!

The other one is that maybe he/she is also a scammer whose target could be scammers also. In anyway, these are shameless and blatant examples of greed and should be outright avoided! I also wonder why Fiverr didn't act accordingly and discourage those obvious freelancers doing services that help propagate and encourage more scams and scammers alike.


I was referring to the general crypto scene where cryptosphere has been targeted by scammers even before Ethereum became operational and ICO's became buzzword. :)

This is a bitter truth, most projects have fake team members who just buy ready made ICO websites and token from developers who create multiples, on Fivver and upwork for instance. After that, they pay influencers to bring in Hype for the project, with a catching project aim. This boils down to the fact that, in as much as I admit regulations will drift from decentralisation, it's necessary to curb all this mess. Nowadays it's very difficult to differentiate between genuine and scam projects.

Tokens are meant to promote the use of cryptocurrencies but unfortunately most people use it for  negative purpose. Scam projects have always been with humans and not just cryptocurrencies. Due to greed and many people falling for cheap hype, the cryptosphere has become a friendly ground for all fraudsters.

That is my point. Money for develop or maybe make their project bigger is better than money to created product. I think people's money is not a toy, so they can't do experiment with our money especially if we don't know project really work or not.

I don't know, I'm trying to think positively that the service maker is trying to help people or teams who want to develop their project (in fact there are those who use it to deceive people) so that Fiverr doesn't filter it. Or indeed Fiverr lacks the knowledge that it can be a field of fraud in cryptocurrency.
What is clear, we really need to be more thorough. We know that making your own tokens is easy, just by creating an ICO website and various fake data can fool many people through raising funds for projects. No wonder ICO's reputation is getting worse, and IEO is giving more certain guarantees (held at compatible exchanges) that the project is real.

I completely agree, I also think that the time for ideas, empty ideas is behind us, while a working product gives investors more confidence in making a profit on investments

The current reality is obvious for the altcoins, choices are limited to the IEO or buying from the exchanges after it gets listed. The IEO period is now soaring the prices of listing but there are no other alternatives, unfortunately. The big guys don't want to see random coins get pump-dumped and they only appreciate the power of the well-known top altcoins.

If new developer can see what investor want, i think there will be no problem with ICO or IEO, or any kind of public sale. Because what both want is profit, we investor already give our effort from our money, developer must do something to create symbiosis mutualism too.

Faster way to get much money is become owner of IEO and ICO, why not you can earn daily more than $1k for every investor in your coin, they do not think how the future your investment and how much you have get profit, they only know with how to earn money with their investment coin without care reality of token at the future listed on exchange market or not, have higher or lower price than ICO is not they worried when make new coin.

Therefore there are currently so many projects that are doing IEO. and I suspect a lot whether it's serious or just for their fraud project. to do an IEO right now it costs 0.5-10 BTC. Of course they already have a calculation of how much funding they will get with the capital he has spent so much

Yes, even a small kind of project they are doing it ICO/IEO just to raise fund, so let us be very careful with this. We don't need to trust everything and we don't need to invest in every project, we just need to choose wisely, investigate and always check the credibility of the team, if they are really expert with what they are doing.

yes, I agree with that, now there are many projects that only want to benefit themselves, with the lure of going to enter binance, bitmax or other large markets, the project has a lot of interest, I used to be fooled by projects like that, and I won't be exposed again for the second time.

If you organize your IEO, because you are a no-name, people will not buy anything.
The maximum that you earn is the price for listing on your exchange and for selling.
How do scammers manage to earn money?
They create a fictitious hype around their exchange. As a rule, this is not enough to attract many people, but enough for a small amount whose money will subsequently be brazenly stolen.

This is a sad reality we need to deal with within this crypto space. There are so many other similar crypto scam project like this that jyst create token without anything tangible to offer,  then they go ahead to scam some lazy and novice investors who are to lazy to make appropriate research on good project to invest in. This will continue to go this way except if regulations come into play

So cheap, but even you or I can make tokens from ethereum network, you just need basic knowledge of computer and with the help of google and youtube tutorials you can create your own token. But I think only people with scam motives will avail this, the website is so familiar the same theme with scam projects that already exist, no one will invest for sure people are smart now they will review everything unlike on the year 2017 everyone is greedy.

that's what happens why many ICO scamer now only have $ 50, they can fool people and get money easily. ICO can't count anymore because there are many scamer. IEO is a better generation than ICO

Yes indeed, there are many ways found by scammers to scam people in the crypto space. One of them is the one you have stated here. Basically, we, all bounty hunters, traders and investors, should be aware enough so as to avoid being scammed under any pretext. We as bounty hunters must research to a greater extent before promoting a bounty campaign.

bounty hunters cannot foresee actions that can be made by the team in relation to the bounty hunters. as a rule, at first, it seems to us that the campaign is good and in the end, they just don’t pay or pay 10 times less

The rate of scam is now so much, fake project everywhere, perhaps because it is cheap to start up and make profit from innocent newbies. This is why we should endeavour to make or carry out research before investing in any project to avoid pains and regrets

We need to look at this from investor's prospectus as well as bounty hunter's prospectus. A through research about the development team and their previous projects will be handy to judge the strength of the team and bounty hunters should not feel inferior and do their own research before joining any bounty as most of them are scam nowadays.

Yes it is a cheap start to make a scam project and with that service at least it becomes an additional input for other references for us to be more careful in assessing every project that appears. So still be careful because the scam project will not disappear even though regulations have been set, think again to spend your money to invest before you do in-depth research.

This is one of the reason many calls for ICO, IEO regulations.  Creating tokens and coins are too easy, just look at OP's post,  finding people to advertise is much more easier, look at the altcoin bounty board, but with regulations, at least these fly by night ICO will be trimmed down.  These scammer will have a second thought of creating a scam project because they need to provide their identities and the validity of their project to the institution to secure investors participating in crowdfunding.

Why the seller sells their service only for $50 ? That is like inviting scammers to using their service.
A real project won't use the service if only worth $50, because it will be risky for real project to using such low price service.
If anyone can make ICO website and create ICO token, then ICO won't be good to invest.

This is probably a new modus in the crypto. Im afraid most platform or those who are literally wants to earn free money will do this kind of investment scheme and will take it to the highest act then if the project suddenly blooms then boom wille exit together with the money they have been collected from an crowdfunding source such as ICO.

Yes, because today is the hardest time in the crypto world, there are many issues everywhere. Especially for the negative issues. Whale will play cautiously, where he will dive and where he will surface. To be safe, it's better to just use your funds in a clear place and there is no pump and dump.

This is the reason why ICOS are dead, it's so easy to create new tokens to scam people. Investors lost interest and trust and i think it will not stop until strict regulation is implemented on ICOS, it's still not too late to rescue ICOS from dying.

It is more safer to just invest on coins that are already in the big exchanges. It provides further security when its volumes are already big as it is easier to sell them anytime.

There are already ICOS that are SEC compliant and government compliant. All of them needs KYC though and there are many people in crypto that hates KYC. ICOS do not need to be rescued. A real and legit project can find a way to be successful and it is a bonus when it complies with government rules.     

It's no secret that creating your own token is easy. But marketing costs are also necessary, and this is the most expensive event if the founders of the coin want to attract a lot of investment. But it is not enough to make a token and advertise a token, you need it to include in the listing of good cryptocurrency exchanges with high liquidity, and this is not cheap. Otherwise, the costs simply will not pay off. In addition, a token clone made on some service is easily recognizable. And Yes, this way of launching tokens has ruined the ICO industry.

Of course its more safer to invest in top coins, they are surviving for years and in some of the coins we are sure that they will stay here in the future. People should really invest in these top coins before they start investing in risky new projects.
I agree with you that there are good and legit projects around, trustful projects with great teams behind.
I know that it's easy to make a new erc20 token, on some other platforms it's even easier to the same. People will try everything these days to make some money, but for them to be successful scammers they need much more then 100 dollars for a new token. This is just one more good reason for us to check carefully where we invest our money and in which bounties we plan to participate.

Most scam projects are from eth smart contract like everyone is saying and there is nothing to fix the issue now but yesterday i was aware that the next ETH upgrade is moving from the old blockchain to a new one, well if this is the case i hope buterin and eth teams will consider spanking off scam tokens and it can be easily done

Its one of the reasons why i like investing in standalone coins that are not running on erc20 blockchain, its because tokens are easy to build thats why it has become scammers favourite tool, this is tarnishing the image of Ethereum itself

there is new project called hawk network and this project has more potential than we think, i suggest all you guy please take look on that here is a twitter link of them
https://twitter.com/Hawk_HKC/status/1184768244802052096

I believe so too, and it is because investors are being very careful now that even the good projects are still not getting to meet up with their hardcap again, many investors are always very skeptical now in putting their money into a project that they are not very sure of.

I thought that it would be difficult for people to really make research, but people are making research very well now before they commit their money now into the ICO market. I know that the time will come that all these scam project will be very discouraged about releasing any project too because they will not see anyone to buy into their idea, while hunters too are being picky about project before they project it to the entire world.

So, I think that we are getting there in this aspect of selecting a project very well before investing in them.

I agree that the abundance of the ERC-20 tokens have tarnished the reputation of Ethereum. But we should not forget the fact that initially, ETH benefited from these tokens as well. In 2017, when the ICO boom was at its peak, the exchange rates of ETH (vs USD) went up by more than 100 times. This was even more than the rise that BTC had.

And regarding the ICO scams, some of the blame must be put on the investors. A lot many people tend to invest in the projects without studying about them in detail. And when these project turn out to be scams, the investors start blaming Bitcoin and the cryptocurrencies in general. I am tired of listening to the whining that comes from such people. They should have been more careful... and perhaps less greedy.

Making ICO very easy for those scammers, but if they want to do it seriously, then they need a lot of capital. For example, make a project about exchanges. I think not enough money with $ 50.
So, if we want to choose ICO investment, then we should be able to see which projects will run their business seriously.

It is really sad to see things like this going on in the crypto world. Everything is getting worse by the day and no one is able to do anything about it, i am not surprised that scammers are increasing on daily basis.

Most projects will never achieve 10% of what's on their roadmap. It's funny that new projects keep sprouting up on daily basis, I think many utilize such cheap services to come up with especially ERC20 tokens and website to scam people. Some will even go as far as designing a fake MVP, thereby making investors hope for main product launch. It's obviously a sad reality my dear.

not all tokens that we have really exist on the market, a lot of tokens that we have only become invaluable junk and who knows how long the tokens will be on the market, I am very confused by all this, why do some tokens become trash, can anyone explain?

Why not? I think its easy to set up a website or platform that isn't working yet, and just mentioned soon it will be up or downloaded via apps. Scammers would never let you feel they are scamming the community. This is their skill and they know how to handle marketing and peers for gaining trust, even how long they need to do it. Yes, lots of projects are suspicious, so better resort to IEO than ICO to be more safe.

This makes it very easy for scammers to develop their scamm projects and deceive everyone. Making ICO tokens and websites requires only $ 50 capital. Anyone can make it. All that's left is to add a support group and post it to the forum. but the most difficult and cannot be duplicated is whitepaper, because all project objectives are in whitepaper.

Agree that many tokens have become junk and even the project has been abandoned by the developer team. This happened because the developer team failed to deliver the roadmap and also the target in the whitepaper. In addition, there are also many developer teams that have aimed to deceive investors from the beginning and carry off the money from the sale of tokens

Its damaging all crypto entirely not just ICO, people are investing in ICO and IEO mostly because they prefer short term profits unlike when investing in old altcoins that mostly requires long term hold, if crypto is going to see better adoption this space have to be scam free

Lol, I wonder what they are establishing that is making them quote such big amount of money for the project, and even the campaign they claim they pay for, do they even pay for it that much. The only projects that I see should require big amount of money are projects that would want to establish a real life project like plants or farm which requires the use of physical material and labor which we all know is quite expensive.

When you see these project quote millions of dollars, you will think they are going to create a very big massive physical projects, and this is why majority of them end of scamming, and like one of this forum mates once said that, they would rather go with the money, than to do anything or spend anything from the money when they know they cannot even get the profit in 20 years.

This is pretty scary for those who are beginners and want to invest in crypto. If they are not aware of this and make random investments in new projects, they can become the next victims. Actually this is the importance of learning the utility of a project token, if they cannot explain it in detail and only make tokens without clear benefits to the community, then there is a possibility that they only use services like this. Especially if they also don't provide whitepaper, team background, and other important materials on their announcement threads, this will increase our suspicion of them. It's really ironic, I hope those who intend to commit fraud in this forum can be immediately caught up with reports and speculation conducted by members of the forum.

You can't just blame the scammers. They spend like $100 for an ico package software and host it. If people are too silly to believe such a lot of rot and garbage that is thier business and their own problem. You cannot continue to blame the scammers. People should know by now. Those that do not are just foolish.

People are mostly moved by hype and what they see trending on social media. The same way goes with tokens that created by most projects. By now, it is obvious that most people are into crypto mainly for the money and not the beauty of blockchain technology. This simply explain why people are easily lured or scammed by cheap tokens.

The reputation of the ICO is very spoiled. Tokens are really not needed by anyone right now. In addition, scammers come up with new ways to steal money from people.

they can make everything with money. you just need new product/ico and than prepare all the untruth. you can ask someone who scammer too to create what you need. and than it will give you big profit from ico.
as time goes by, people will realize different between the past time and now. and the most of them firstly, do anything for money, than for the system

make a token very easy for those who want to plan their deception will continue to make a token and making false and program team prize with a grand prize that many projects follow them fool all investors with the promise of a sweet reality are all fake and traps to get money investors. bounty hunters are often used to advertise freely their projects for free.

What an awful thing, it is precisely because of things like this that the interest in icos is never going to be high again, if they can invest only 50 dollars to create their coins this means that in order for this scam to be profitable the scammer only needs to deceive one person and that could be enough to give him profits, and once the scammer gets profits out of this he is incentivized to keep doing it, and this is probably the cheapest service out there, there must be other services that charge a lot more than that to create a fake coin that will pass many of the checks we will make to try to detect scam projects.

it's not that easy, now people are smarter to invest. let alone to buy tokens or coins in the long run. because most tokens don't last very long. after 2 years they lost their moment and no more updates were heard. only for good projects that can compete in the market and maintain their concessions in the market. the project will continue to run and their tokens can survive in the market.

once there is no development to the project for a month, i think you can already consider  it scam. there are plenty  of them  but are still trying to make it alive by having a volume to the pair they  have  in the exchange. but that's just it. you'll see its dead when the project just have less than $5k volume. people  will gradually exit to  save the  money they have and just say goodbye.

this is why scambuster and the ones who check fake members of the team are  better to stay in the forum to  make it safer for new investors.

Indeed such a scammer work but it's been there for a long time. So it is important that before entering into their project in advance review whether their team and project are real? If yes, just check like a roadmap, whitepaper, etc.
Looks usually which ones just want a scam and actually develop their project. We just need to be careful not to get stuck.

It shows how worthless these tokens are. But still it is very profitable for creators, not for investors. When you pay 50-100$ for creating a new token with a website and then you achieve at least 300k USD market cap, you earn quiet a lot of money.
And about the marketing and community, you don´t have to pay it, you simply manage a bounty campaign and you have everything what you need for achieving the market cap mention above.

it maybe can fool investors temporary, but not all time. i believe that investors are getting smart and smarter everyday
last year may we see many investors lose in this bad coins, but it isnt continously
you can look that the shit tokens are rapidly reducing. it shows that investors learn from their experience

That's why you should carefully choose an ICO for investment.In addition to checking the team, whitepaper should also pay attention to the domain of the site on which the ICO is held.As for the bounty,imagine that one day everyone who promoted fraudulent ICO will be brought to justice!) Cool huh?).Analyze, analyze and make deliberate steps regardless of whether you are a member of the bounty or invetor!

This is the reality we are currently facing in the industry and this why investors do not trust ICO projects again. Gradually ICO is turning into HYIP which is not good for the industry because it tarnish the image of blockchain technology and cryptocurrency.

In the world of cryptocurrency it is very easy to do scams, because the reality is very easy to make ICO projects. So from that
ICO's credibility in the eyes of investors is no longer reliable. Investors prefer IEO to invest their money. No wonder much once
ICO projects have just sprung up now, and sadly most of them are scams. In this case the newbie is very disadvantaged because
do not understand how to distinguish real projects with fake projects. So my advice in choosing projects be careful and always
investigate the projects that will be followed.

The reality is that none of these tokens are worth anything. They are supposed to be like shares or stocks in a company. But what company? There is nothing. So what are you investing in? Your own greed. I wish idiots would stop promoting these shit projects and realize there is much better out there id you just look. I think people must enjoy wasting their own time.

This is a heartbreaking truth. Fraudsters more and more, it is difficult to distinguish them. Especially newcomers, they don't know anything and are easily lured by scammers. This phenomenon has been happening for a long time, not recently. These scammers damaged the entire ico market and plunged it down.

Ico is turning as a scam way and it's quite far from being HYIP. Investors have been moving to the IEO project and this is recovering the funding image that has already destroyed by the scammer.

Blockchain should not be mentioned in this case because most of the scam were not even creating blockchain.

This is the reality that is happening in our ecosystem but there should be a way to fix it.

Most of the scams that occur do exist in erc20 due to the easy token creation process. In my opinion, ethereum alliance must be able to prevent this fraud by asking the developer team to provide a guarantee or deposit when they want to sell tokens or at least ask for identity documents so that when fraud occurs can be quickly known.

That is more than enough, as an investor you do not need to be fooled by scammers for a very long time as long as they can deceive you long enough for you to invest your money with them then they have accomplished their mission, scammers are not here in this market to develop anything they are here only to steal money from people and while it will only take an investor one scam to become a lot more careful that scam can be enough to lose all your money.

This will gonna be always like that if the creation of a token project as easy as right now. People are easily create tokens moreover the erc20 tokens, and the crypto newcomer will be tricked because they know nothing. So i think we can't prevent this phenomenon before crypto is going mainstream , if crypto is going mainstream maybe we can easily spread the information about the scammers so the newcomer won't get scammed anymore

That would have been much better. But the freedom that everyone enjoys within the crypto world is almost absolute that everybody, even a dope addict and a 7-year old kid, is being given the full liberty to create whatever project they wish to, mint coins with supplies and value they alone determine, and offer in the ICO market which is also as open and free.

This is an example of a skill that could be misused. When we began to embrace decentralization, this is one of the possibilities that have come with it. However, we can teach more members of the crypto industry to be more careful when dealing with these. We shouldn’t put the cart before the horse by prioritizing cryptocurrency as a get-rich-quickly scheme. We should get crypto to become a more viable and available payment method. After that should we worry about getting rich with our crypto investments?

That's the facts about tokens, they are easier as building an HYIP website, this is why we keep seeing many fake projects in crypto space, every single bounty project i see are tokens that is why many of them are failing, i prefer new coin projects over tokens e.g tecra coin or veil project, they are not running on erc20

The question is, must people invest in new tokens when we have gigantic working products on coinmarketcap? old altcoins with good use case are all over crypto space, investing in old tokens are better

In fact, you have already stated the best answer to your question. From this point on, the development of working projects that may affect the price is very small. But in new projects, it is possible to see huge price increases, provided you find the right one. That's what attracts people.

The money you need to run a scam project in crypto especially at the time when everything is bullish is not that much and it can give you millions if you are skillful in your scammy enterprise. Scammer don't need to even do any marketing as there are readily available bounty hunters who will promote the project to potential investors.

That's so true. Most altcoins have turned out worthless as they had no real products in this space. all that they do is just to create hype about their project and lure inexperienced crypto investors into them. Ethereum blockchain network network invented a very good use case of smart contract but this has been abused terribly by greedy project managers

It does not cost much to scam people, 1000 USD would be enough to cover the costs for Whitepaper, website, own token and even social media communities with big amount of subscribers, so people are just too lazy to compare new project with solid ones.

That is because of the freedom they gave to create a coin easily, smart contract has become the root of all scam project. If ever that they can add features on creating a coin with additional security not to the developers but to the possible users, this may be able to increase alertness and to avoid making a new project with an intention to scam the community.

For 50 $ invesment of scammers they will earn millions of dollars, And this is sad because people who know how to create websites and erc20 tokens will exchange their dignity just to earn 50 $. it's sad to think about it but hopefully people with skills in this field will have your conscience, because you also have the participation of why investors are also victimized especially bounty hunters who have suffered to promote such shit campaign.

Its not safe to invest in any ICO now that scammers have taken over crypto space, its better to invest in coins that use different blockchain and not smartcontracts like erc20, the easier they are to built the better for scammers

I will double check the links. thanks for your information. I really need tokens. The tokens are really helpful.  :)

I do not see anything surprising. Each area has its own scammers, so why should they be here? Everything is obvious. Wherever there is an opportunity to deceive, fraudsters always appear. Another thing is to learn to find them and to reveal their bad deeds. This is the only way to protect investors and cryptocurrency users from fraud and scammers.

I strongly object to such scams. find a better way to get rid of cryptocurrency credibility. that 10% commission could put those people in jail.

i'm not sure if you can call it scam though but there are some of them that posted their ANN thread in the forum. one that i saw was tokenjar as well.

here are few that i found out. some of them are doing ICO. funny because i found no accusation about them.

https://bitcointalk.org/index.php?topic=5190187.0
https://i.imgur.com/tq9S4aP.png

https://bitcointalk.org/index.php?topic=5199251.0
https://i.imgur.com/QpUwT8N.png

https://bitcointalk.org/index.php?topic=5167146.0
https://i.imgur.com/g3NTRvR.png

Almost all tokens are scam in 2019 and they are very easy to build as well which makes them the best target for scammers, cheap websites are used by unwise scammers nowadays but smart scammers can fool a whole legion of people for long time, in crypto space no one is safe

That is the reality of tokens,they are just created for nothing and no value. They just want to scam many people that believe their lies. Nowadays you are lucky enough if you can found a good and legitimate project that pay the effort and hard work of the people like in bounty campaign.

it's true that the project in 2019 doesn't have any good news anymore and there are many projects that I think can be said to be a failed project because many investors are traumatized because they are often exposed to scam ico and now I think many are trying to use other methods such as IEO that can provide lots of profit.

Not was, but "is", scammers needs other scammers to earn easy money by creating such scheme, like what OP had mentioned, I was shocked to know that there is such way to create your own token to start your dirty little secret and if successfully launched, they are going to do the next step which is the tailormade promises like those politicians when election is coming.

This is so disappointing at some point, some legit ICOs are being affected because of scam ICOs.

Such a shocking reality it is. That's why most of the wise people don't like new ERC20 coins because of its all shit! Fiverr is the only marketplace where you can get such big things by spending some bucks. I found someone who writes a whitepaper only for 30 USD! If you look in new ICO projects you will see all of them are on ERC20 based coins because it's easy to scam people through these shit types of coins. This is why I suggest everyone to not buy ICO token.

It's true that's why IEO is now more in demand than the ICO, because it reduces the risk of being hit by a scam, yes although no one guarantees the price will be stable when the list in the market.

The fact is that there are a lot of such projects. And in general, yes you are right, now fraudsters do not need a lot of money to deceive investors!

50USD plus good marketing and bounty campaign could bring you a nice profit, thats why we see thousands of ICOs everyday and people still are investing. But times when ICOs raised millions of USDs for nothing are gone.

50 usd ? holy macaroni thats too cheap  . i though the capital here is huge ( let say over 1k usd ) because they also need to market thier product and they need to hire someone or pay for some service to be able to make that happen but today , we already knew that ico are not that indemand  .

i think its not a good business anymore to create such ico/token  .  people are slowly switching to ieo and other investment scheme 's

I am 100% agreeing with your second statement. Scammers are killing the very nice opportunities that bloomed for real projects to get funding and in the end beneficial for whole world.

Didn't know it was that easy, damn.

Explains a lot why there are so many new tokens and "blockchain projects". Investing in alts is for me the most profitable thing I do, but every year you need to be more careful because there are just so many scams. I hope something is done about this.

I don't think that the technicalities of creating an ERC-20 token and a website for an ICO were the distinguishing factor between a successful and an unsuccessful ICO and a scam. Also, it's easy to buy thousands of members for a Telegram group or posts in all kinds of "news" sites and create some buzz. In a way, these types of ICOs were not much different from other get-rich-quickly schemes that always had a certain lifetime until everyone noticed that those only work for a very selected group of people.

After these many years of ICOs being around, scams and (few) successful and (many) unsuccessful projects, potential should've gotten more sensitive to what kind of information you'd need to give other people money. We've also been through that with crowdfunding, but crowdfunding is still there and works (for some).

tl;dr: Such services are great for whoever wants to run a half-assed ICO or try to scam somebody, but they don't make an actual difference because the unavailability of this in the earlier days hasn't prevented any scammer from scamming.

I don't think there is way to do something about those scammers out there in which their project looks like so legit and very convincing. Regarding the blockchain projects is so useful though we can't guarantee its legit but we need to be attentive, observant and gather a lot of information before we conclude everything as a process of investing and buying those possible doesn't exists coin.

My opinion is clear that we should gain more & more information  & knowledge  about market conditions. Then take  decisions.

altcoin gives more volatility compared with bitcoin in term of the short term investment only. every year the scam icos is increasing a lot. So many parties have already discussed about this and the only best answer to give more education about that. There is nothing that we can do to prevent that. The scammer can issue a new asset anytime. We must be careful with it.

That's exactly what these times have not passed. Still, many more projects miraculously still collect decent amounts.There are a lot of naive people.Especially among beginners.I think this is the most at risk category.

The presence of tokens had brought a good direction for crypto, unfortunately now it's easier to make tokens so that many token-based projects are used for scam projects, and now many tokens are dead.

Compared to other platforms, creating a smart contract and token has a lower creation cost.  Looking at the blockchains of NEO and BNB, each contract is created and requires a huge amount of money.  For BNB it is 50,000BNB and NEO is 100 to 1000 GAS.  As such, every ICO project hosted on these blockchains is more serious.  But according to market rules, if a project does not have a large enough leadership and investor and strong partners, that project will soon fail.  Almost all projects organizing ICOs, IEOs and STOs have greatly reduced their token value.

This is the advantage and disadvantage as well, people has become aware and more aware of how much legit projects are earning, imaging those past years that even $100M worth of hardcap can be reached, so scammers find this opportunity to make them making a quick bucks instantly. With this, a lot of new project coming in, as they can write whitepaper easily as they can hire good writers, they can also make website easily, and they can also do marketing as there's a lot of marketing out there that can be paid after the campaign, so they took advantage of this.

yes that's the reason why so many projects today don't make sense, lots of fraud, and also look valid about their road map. because fraudsters always have thousands of ways to make a profit with this form of fraud, including the website that you shared above is clear about offering ICO making services for only $ 50 to make millions of dollars from ICO.

The irony is that even now we have people who are ready to invest in these scam ICOs. The number of ICOs listing every month has fallen by 90% to 95% when compared to the levels we had in 2018. But even now, the majority of the ICOs look scams to me. First of all, it is the careless investors who are feeding these scammers by continuing to invest.

There are many ways to deceive people and one of them is selling tokens from a fake project. For this reason, government regulation is needed so that things like this do not continue because if it continues, investor confidence will fade and this will affect new projects that are good and have prospects.

This is how scamming works. Scammers hire good writers to write their whitepaper as well as marketing agents to publicize and advertise the campaign that may give them a million bucks if the project seems to be legit and promising. It's just sad that more and more people are engaging in this kind of activity - deceiving others in order to make money for themselves.

very ironic to see facts like this, scamers are always around us and even very alarming to see the site above, that's how the scamers work to deceive the victims. my advice to all of you to remain cautious and always vigilant before taking decisions in the ico project.

Fact is, we now have fake team with fake tokens out there without adequate monitoring which hurts alot, this has taking many investors backward and tokens are everywhere without proper check which has brought Crypto market in general down a bit.

But this is not a good thing at all and I really do not know what can be done about this because most investors are now using that perspective to also judge virtually all the projects that is in the market, and even if you have a genuine intention now about a project, you will not find any investor to put money into the project and as a result of this, the ICO or toke market is gradually dyeing and leaving us with the already existing tokens, for the already existing tokens, only the top coins are worth investing in because most of the other tokens have developers that are not very much serious about their own project too and they might have even abandoned it.

Now, this is hurting bounty hunters so much as there are no much campaigns again in the market.

It is a lot more complicated than that believe me, investors are now so wise about these scams parading as ICOs and that is why it is quite normal now to see a lot of ICOs that packed up without raising a single cent in funds, just having an ERC-20 token and a generic website doesn't guarantee you anything, infact you might lose your $50 investment if you are not careful.

Prize hunters are in a difficult time right now, they are having a hard time getting good projects for reasons like what you said. few investors trust the project for now, they prefer to invest in clear coins, so don't be surprised if the volume of bitcoin is very dominant in the crypto market

after scammed by many fake projects , now investors very carefully with their money.they really want to avoid repeat the same mistakes in the past. Main cryptocurrency now be their purpose to recover losses from shit projects.and now we see bitcoin dominance could hit on above 60% and almost all token price drop alot now.no more graders or investors dare to buy it for long term.

the market can never clean itself from stupid investors. they will always come and drain their money so than other people can make money on it. this is how the system works

That's why it should need a little researched before joining in any projects ICO's, Because some of them are just design to scam the unaware people(investors). Observe vigilance at all times Always consider that in cryptocurrency you should need to think twice or thrice before you join in any projects and invest with it. It just a cycle of repeatedly occurring problems in crypto industry so it should be stop. 

Without some form of regulation to prohibit the creation of tokens that offer no real value with the intention of defrauding people, people within the cryprocurrency space should arm themselves with appropriate knowledge of how to detect scam projects, avoid projects with unresolved scam allegations,  fake team members and any other potential red flag.

You are just giving so easy idea to scam people. Actually this is not so easy because you have submit real developers team. Now investment is so hard where before million dollars for one app. By experience person this can be done easily but if KYC is mandatory than you can do nothing.

Market this year is having a purge of all altcoins and this is making scam projects more forgotten and some coins have zero volume at the moment. I think this year is really important for everyone because they will know which project is worth investing in this year. For me, scam project will not exist in the bear market and the investor will minimize a lot of risks.

Of course, you should also be more careful and carefully analyze before making investment decisions because there are still many new projects that are unclear and it will take a lot of time to wait.

These can be use into positive also especially if you have the idea of the product already but you don't have the skills to create or launch a token. But if your intention is to scam people in the first place, this will damage the image of crypto currencies further so it will be best if this kind of opportunity will be grab by good people.

Creating a token right now is very simple especially if it is an ERC 20, therefore there are plenty of shit projects out there that were launch for their own benefits and have a no concrete goal of a project.

Many reality of token have higher price when first time listing with exchange market and goes down after several week listed on market, the owner look not care about how down their coin after listing on exchange market, never want to buy back their coin to raise up with higher price later and always make price down.

Although there are many different types of tokens in the market. But the same way we can see scammers are also active.so we should be  aware always.

from 2018 to 2019 the scammer project is indeed increasing and increasingly sophisticated the way they use to deceive new investors. With just $ 50 capital, you can make an ICO that looks original and gets funds many times the capital spent to create a website and ERC-20 token. Novice investors are always trapped and support ICO scammers because they don't want to learn and don't do research first. The way to eradicate a scammer is with our own awareness to learn more and report any of your findings about the Scam Project or fake.

so all of these scam ttoken project-based atempts are ethereum fault?

as erc-20 are belong to ethereum platform and many abusing it due how easily creating tokens without any strict requirements , other platform as you mentioned above have more strict requirement which it is part of an effort to fight these scam attempts.
actually you can minimize the risk get scammed by those fake projects by looking at how long the project has been exist , if it was running for years then that is a promising serious project , mostly the ICO itself is a new project that not exist before , this add more risk to you.

even though not all the new project are bad , choosing a project that has been exist before and tokenize their project is the prefer one for me, obviously they are serious real project since begining before even the token era.

Scamming was always there. Ignorance of people has made it way more simpler to do it.

It has become normal where money is circulating, there will always be frauds, no exception for us crypto traders and bounty hunters, we must always be careful in choosing the altcoin we want to invest in so as not to get caught up in fraud and in joining the bounty project, it's better to do some research before deciding to join a bounty project.

The projects that were almost gone today are still up and running. It its been purged, they should have been delisted to the exchanges. Somehow the users creating tokens and buying the service from fiverr may up to no good but their coins I'm afraid could go into the exchanges if its not going to be prevented.  Its going to be much worse if exchanges are going to ask $50 just to be added on the market as well.

It is very cheap to treat people nowadays, so be aware. Always check the whitepaper and invest only in projects that can provide a working product with a real use case, that can be helpful for society, otherwise you will lose your money.

Where are the days when everyone here earned thousands of dollars per month in a signature campaign? When newcomers bought every hyped token from us? Now people are not even buying tokens from reputable exchanges. Do you think that next bull run will also affect the ICO market?

It is now easier than ever for anyone that is interested to create their own tokens but at the same time this has decreased the demand for icos as there are so many of them that many do not know where to invest their money, so scammers that in the past could get millions of dollars very easily are now finding that just getting a couple of hundreds of dollars is becoming really difficult, and I am glad since it was about time those scammers stopped profiting from the naive in this market.

Yes it will effect. But the magnitude depends upon the behaviour of people whether they want to learn something or not.

Reality of Tokens

• Grows following the growth of the platform over which it is developed
• In most of the projects the tokens were developed on smart contract
• If the project has the product it automatically continues in circulation
• Projects go as a scam when they don't have anything to back
• Tokens from established firms mostly won't get away from use

Yes, I have discovered this problem for a long time and since then I have invested less in ICO projects. There are many tricks to cheat and you should be careful. Especially the fake contract addresses created after the main projects. Ask the admin about the contract address to make it safer to deposit your money to any wallet address. because when we make the wrong add contract address, our token will automatically send to another address instead of our real address. Please be careful.

that's the dark side of cryptocurrency
people with very minimal understanding could still create a new coin, and offering people with high interest, then disappear with their money.
you can't avoid that, just make yourself smarter

Crypto has to be fair for acceptability. Otherwise this will lead it into a dead end.

In most cases, the project owners have raised enough money for themselves and the purported development, that is why they don't care about exchange price and how well token prices goes for investors (good or bad). It is the sad reality of humans which tends towards greed and lack of empathy. I have served in the capacity of a project team member and all I pushed for was good token prices for investors