Bitcoin Forum

Alternate cryptocurrencies => Tokens (Altcoins) => Topic started by: binancepay on June 18, 2021, 11:43:49 AM



Title: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: binancepay on June 18, 2021, 11:43:49 AM
Deleted Project


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: Xsinx on June 18, 2021, 11:55:48 AM
Did you know you are using a trademark name for your token name?
Anyway, I dont think this type of token project will prosper in any way since you are just using the popularity of binance.


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: binancepay on June 18, 2021, 11:56:40 AM

Token Distribution

20% Burned

40% for Pre-Sale

10% Distribution (Holders + Airdrops)

30% Burn after 30K holders


We will burn 50% total supply, and we will distribute 10% of total supply in Airdrops and holders...


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: terciduk123 on June 18, 2021, 12:33:33 PM
I think this project is part of the Binance exchange, but you are only using the Binance name in your project and not part of the Binance exchange.
Your site's SSL needs fixing, and why your twitter account doesn't have followers yet? while the account was created in January and only has 1 tweet.


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: makishart on June 18, 2021, 04:16:39 PM
I think this project is part of the Binance exchange, but you are only using the Binance name in your project and not part of the Binance exchange.
Your site's SSL needs fixing, and why your twitter account doesn't have followers yet? while the account was created in January and only has 1 tweet.
This is not a part of binance exchange site and this may become a scam token https://www.binance.com/en/support/faq/d6fabc736d1f4e7fb60e56afe6d1f3b9

This guy was using binance pay's name without any permission from binance exchange site. Binance may report this as a scam or take a legal action against the creator of this scam token.

I will try to talk with binance admin about this.


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: mandor on June 18, 2021, 06:51:10 PM
I think this project is part of the Binance exchange, but you are only using the Binance name in your project and not part of the Binance exchange.
Your site's SSL needs fixing, and why your twitter account doesn't have followers yet? while the account was created in January and only has 1 tweet.
This is not a part of binance exchange site and this may become a scam token https://www.binance.com/en/support/faq/d6fabc736d1f4e7fb60e56afe6d1f3b9

This guy was using binance pay's name without any permission from binance exchange site. Binance may report this as a scam or take a legal action against the creator of this scam token.
Lol, so sad for him try to copy binance pay while the real binance already have it. Now this is clearly a scam and impostor project, those site should get shutting down. I really wonder why he is so desperate to do something that will obviously be known by the public. Now this should be flagged as a serious scam.


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: Dron Pelya on June 18, 2021, 07:24:41 PM
At first I thought that this project is a part of binance platform (but even then I was surprised, why binance need post here topic about their services). But now I see that it's pathetic try to use name of the one of the biggest crypto exchange. What were they thinking about?...


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: necromastery on June 18, 2021, 07:36:53 PM
Trying to click on whitepaper link, it seem he send me to the website, if the whitepaper is not currently available, it is better not to make it appear as if there is. You really picked a bad name for your project, at this point I think people are starting to turn their backs on this project. The big mistake is, you wear and use the exact same name as the binance project.


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: TimeTeller on June 18, 2021, 11:40:40 PM
I think this project is part of the Binance exchange, but you are only using the Binance name in your project and not part of the Binance exchange.
Your site's SSL needs fixing, and why your twitter account doesn't have followers yet? while the account was created in January and only has 1 tweet.
This is not a part of binance exchange site and this may become a scam token https://www.binance.com/en/support/faq/d6fabc736d1f4e7fb60e56afe6d1f3b9

This guy was using binance pay's name without any permission from binance exchange site. Binance may report this as a scam or take a legal action against the creator of this scam token.

I will try to talk with binance admin about this.

Yes, they need to know if there are projects trying to imitate their product.
Based from the OP's website, it has the notion of being a crap project, the site is not even secure.
I hope people are smarter now before making a transaction to any potential copy-cat of original platform.
The probability that you will get rekt here is bit high. Better use the legit BinancePay app.


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: noorman0 on June 19, 2021, 08:26:15 AM
Bringing op statements from the previous thread: https://bitcointalk.org/index.php?topic=5344473

Always check the right Contract Address.
As the member above asked, it's not about another future project that will duplicate your project. But it's your own project that picks up the word "Binance".

Our project is different, because we don't charge anything, like other tokens did(10% or 8% or 4%...)

Any token based on a smart contract requires a transaction fee, unless you just distribute all token supply on your own centralized platform. That is, there is no point in you creating this token.

We will burn 50% total supply, and we will distribute 10% of total supply in Airdrops...
Just print half of the current total supply from scratch, no burning required.

@Op, will you create another new thread again? :P


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: pinoycash on June 19, 2021, 09:49:00 AM
You guys are bad, You blown the launch of OP project  ;D

He clearly spend few hundreds to setup his project and now its doom to fail on its first day.

@OP, Treat this as a lesson not to use a proprietary name on your project, There are still hundreds of available dog names so you can re-launch and just choose a dog name next time  ;)


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: Kazkar on June 19, 2021, 04:10:44 PM
I have installed binance app on my phone. It tells about the card from the exchange. Are there people who already use this card?


Title: Re: [ANN][BPAY] BinancePay - A Decentralized BEP-20 Payable Token.
Post by: Xsinx on June 20, 2021, 07:09:04 AM
I have installed binance app on my phone. It tells about the card from the exchange. Are there people who already use this card?

No! this is just a impersonator or just using binance for his token name without doing any research about the legal implication of his action and now the OP is gone and deleted his thread, We can expect he will post again with a new project using a new token name.