Bitcoin Forum

Hey, fellow crypto enthusiasts! Let's be honest, investing in crypto can be a rollercoaster ride. There are so many scams out there that it's hard to know what to invest in. Have you ever fallen for a crypto token scam? Let's discuss it here and share our experiences to help others avoid the same mistake.

But, there's some exciting news on the horizon - Egg Coin is here! With no team, no owner, and a completely community-owned project, Egg Coin offers a unique investment opportunity. And with a verified contract and ownership renounced, you can invest with confidence.

Join the Egg Coin community on Telegram @Egg_Community to discuss and learn more about this exciting experiment. Let's be a part of the revolution and invest in something that's safe and fun. No more scams, no more disappointments. Let's make history together!

Never heard of it before and no team/owner seems a recipe for failure. There needs to be someone in charge who sets up the guidelines or make the roadmap. Just letting it over to the community is pretty risk in my eyes.

Facilitators are available but do not have owner priveleges, it will be governed through out the fair launch phase and then renounce ownership of the contract which is just a standard token with locked liquidity that does not need any further intervention from anyone with owner priveleges. Guidlines and facilitators are decided by the community members within the Telegram group.
At least that's the plan. This is a social experiment where it would be nice to see what a crypro community can do.
We'll wait and see. I myself see potential, I did create it but I am a participant (the most excited one though)

According to the quick contract check of your coin on the service Tokensniffer.com (https://tokensniffer.com/token/bsc/vslnsvs3hcqx1qn0ohl12gz1mp9ov2kazqlhha15gf0jnmenaxpa9j3q33m2) "The contract contains ownership functionality and ownership is not renounced which may allow the creator or current owner to modify contract behavior (for example: disable selling, change fees, or mint new tokens)". In addition, there is no liquidity pool, which makes it impossible to trade this token. Accordingly, I recommend everyone to stay away from Egg Coin, as you risk losing your money.

Hey, It is not launched yet so that is why there is no liquidity pool. It is still in fairlaunch phase on DxSale. The ownership cannot be renounced until the fairlaunch is finalized (As per DxSale instructions (https://docs.dxsale.network/how-to-use-dxsale/dxsale/fairlaunch-tutorial)).
Although it is not yet renounced, the privileges are not valid as there is no mint function and no disable selling function, also no tax to be set or changed.
I am pretty sure anyone with the knowledge who takes a look at the contract code on bscscan (https://bscscan.com/token/0x842484970572395dF5A8D6EF799e53b22E0EaB7D#code) will verify this.

Nevertheless, I value your knowledge and precaution, if everyone does what you do then scam projects never succeed in what they do. Do join us in the Telegram group, building a community is the main part of this experiment and we would love to have you there.

One thing i hate about scammers when they come on this forum they are the set of people to talk about not being scam, how could a reasonable  man invest in a project that has no owner and no team. Who then is the originator of this project if i may ask you and how do investors entrust their funds in this project?
This is the bunch of scam project, at least nothing to convince the community about your project no usecase and utility.

Exactly my point. Btw, I personally deployed the contract if that is what you are asking, but I'm not here to convince people to buy in, not for a fake use case or promise that this is gonna blow up for whatever reason.
I am saying that it is unique because it's the only one that says what it truly is. Just a coin that does not have someone behind it waiting for the right moment to suck out everything. I am doing this as an experiment, and I am not urging anyone to participate in it.
I am just curious how would people react to something that they know they can't get scammed in (I invite you & others to challenge this by checking the contract). I have been a victim of a few clever and some not so clever scams myself and it honestly hurts me when I get fooled like that. So I thought, what if there is a big community where people can discuss and avoid that, sharing among them a coin that they know cannot be rugged.
Join us in the Telegram group @Egg_Community , it is still small but hopefully will grow, with or without a coin though.

Every time a new project comes up they say that they don't intend to scam anyone, even though, that's the first step to start the scam itself. They must say and promise things that maybe we will be tempted by the benefits they will provide. There is no way those who start telling the truth they will cheat later on. lol.
I wouldn't say Op is one of them, but one thing I know we have to be careful about this kind of thing. If I have time, I will visit your group and see how the interaction is there.

Great another useless, pointless clone coin yay.  Why do people really buy into these things I mean is it just greed driving all of this.  Please tell me why we need this coin along with the countless others that come and go daily.  Anything unique this project offer?

I'd like to see you in the group, we'll share and discuss these kind of stuff.
I agree with you that anyone should be careful before investing in such things, especially knowing that this is experimental.
Though you do not have to be careful with this since simply you do not have to invest, but be a part of this community to share thoughts and educate people especially if you have experience in spotting scam contracts and projects.

Thanks for sharing your thoughts.

Hey, first, this is not a project but more like a social experiment.
I wouldn't say useless as it brings people together in a community where they can help each other avoid scams and projects full of lies after their money. This coin is to optionally opt in something joining this community in addition to the telegram group (No need to invest to be useful in a community) . It also has a fun name where a lot of ideas can be crafted by a group of people collaborating.

We don't need the coin, but I'd argue we definitely need such a community.

As a side note: do we really need Doge for example (13Bn marketcap) ? I'd say its how people utilize it or what they see it represents.. Something to think about!

I wouldn't want to waste my precious time visiting what i know that is not useful or beneficial to me.
Telegram group is place filled with scammers, which ends up receiving all forms of pm all in the name of helping you out.
@op, i know everyone have a motive of doing whatever he claims to be, despite being promising people here that your project is scam free. Well there is proof to show it's true or not but what will sure defines is true is when your project lasted for long without any bad records then it said to be proven scam free.


I thought is only me seeing this as well everyone be mindful of fake promises.

I totally agree with you, nothing is without a motive, I am a participant in this as well so I own 6K of the 1M total coins, plus I get a percentage of whatever is contributed in the early fairlaunch phase. After the sale, I am as everyone else but I'd be building a useful community that I can be proud of. All what is stated are my motives for this experiment.
I invite everyone to be mindful of what they can be potentially going in to, this or other coins. 
What I can assure is that there is nothing I'm promising about this coin because I plan for it to be an experiment within the crypto space, where I see people throwing huge numbers on fake projects that promise stuff that they do not end up doing. Why not a coin that you are sure that will not do anything fancy but will not steal your money, just a bond with everyone else in the community combatting fake projects.

Anyway, I appreciate you sharing your thoughts, I'm happy seeing people's reactions about this (Negative or not) as it is what I intended from this post. Regardless if the coin fails or not.

I agree with you on 2 points:

Yes we need to stamdup and get together to help avoid scams
And the point about doge..it's not needed.  It was used as a pump toy that was driven by greed.  The coin itself is useless and provides nothing that can't be cloned in less than an hour.

I just don't understand why you would need a coin for this lol.  Why can't you just have the telegram group?

Best way I could think of to gather people who follow hyped fake coins (scams), is to create a safe one with the same format. It might fail but will create the community.
Having these people in one place, coupled with people with knowledge and sharing thoughts about any new stuff that come out, we can create awareness among them and more precisely, kill any hyped scam project at least decreasing any profit they get off people in this space.
I'm using the coin to do that since its not easy to bring as many people in a Telegram group. It might not be the best way, I'm happy to hear your thoughts on how to advance on this. This could start in a Telegram group and propagate to other platforms but I targeted Telegram since its were all the scammy stuff starts.
Plus, a coin is a fun thing for the community to play around with and create catchy stuff online and also speculate based on community interaction (so a toy). Also, to be perfectly clear, as the deployer I do own 6K of the 1M coins where the rest are going towards the fairlaunch and liquidity pool.

Thank you for interacting on this topic, I'm loving this.

To whom it may concern, contract ownership was renounced. After a discussion with DxSale, It turns out there is no issue in renouncing ownership before the fairlaunch is finalized.

Yes, I see. You really coped with this))


And who will create the liquidity pool? Will it be provided at the expense of your investments or will you create a special fund to raise the necessary funds? But even after the liquidity pool is created, it can be emptied by someone who has a lot of Egg Coin.

The liquidity pool is created automatically on Pancakeswap once the fairlaunch on DxSale is finalized. The total supply(1M) is split between fairlaunch and liquidity and there is another 6K of the 1M that I personally own(0.6% of the supply).
A fairlaunch structure will split the fairlaunch tokens fairly based on each wallet contribution in the sale. It will run for a month.

To create a liquidity pool on Pancakeswap, you will need not only an Egg Coin, but also an appropriate amount of BNB, which should be equal to the amount of Egg Coin. And I understand that you have Egg Coin, which cost you for free, but where do you plan to get the BNB needed for the liquidity pool?

Yes, this is why the DxSale fairlaunch(presale) is open for the next few weeks, the BNB contributions to that presale will be used as liquidity automatically and the contributors will get Egg Coin fairly based on their contribution.

Thus, all BNB will be on a wallet that only you will have access to. And accordingly, you can dispose at your discretion with all the BNB accumulated on this wallet. What guarantees are there for investors that you will not steal the BNB collected in this way, which were intended to create a liquidity pool?

I will not, at any point, have the contributed BNBs for the liquidity pool in my wallet or have any access to them. The DxSale platform will automatically create the EggCoin/BNB liquidity pool and locks the liquidity for the specified date once the presale was created (In this case it is 2 years). This happens when the presale is finalized and this is how a decentralized launchpad like DxSale works. Some, like PinkSale, offer as an option the manual listing and show that on the presale page. But for DxSale this is not available (And it should not be available in my opinion).

I admire the way you are thinking about this. This is exactly the way everyone should think before throwing their money into something. Only if there is no scenario where the owner/deployer can have access to people's funds is a safe place to invest. And I believe in the Egg coin setup, I made sure of this (Do let me know if you think I missed something)

If this never works out, at least whoever is reading this can make use of this in the future.

The egg community cracks down on potential scams with a security review of Akita CEO token before its launch on PinkSale! Check it out (https://t.me/Egg_community/710/711)