Bitcoin Forum

My question is: is there some token on bsc that isn' t pumped for bull trap?

Tough one :D
I tried with some smaller amount MarsRise because they have liquidity locked for 4 years I think at some vault and now I am some hundreds of % up...
But I am afraid more and more scams will keep popping up on these platforms because it is very easy to make own coin there and there is immediate possibility of listing on coingecko, coinmarketcap etc which is good marketing tool.

I am searching better gems , the ones that do it different.
For example I bumped into cateco.in it looks it is very new newbie, but good thought about giving away whole supply through faucet...
Got some coins from faucet so let's see, I guess I got nothing to lose there.

I see your point of view, there are so many scams on binance smart chain that you lost any hope to find something worthy. Actually, it is probably true that it is difficult to find something good on this chain. It is cheap so developers can easily launch their tokens there, what is more, it is popular and there are many users. I used to see many projects-clones of Puncakeswap that appeared every day and then they closed in one week.

You can see the SQUID token on the BSC network, I bought the token but I can't sell it, you can browse the CMC and see the notification on the CMC list.
I also have a lot of fake coins in my wallet, even though I never bought them and it's a trap for you, when you try to sell them, they can't be sold because the slippage is too high.

There's a lot of legit project there but the number of fake and pumd&dump token there has a greater quantity since anyone can create a smart contract for a new token. Just to make sure you are buying a legit project, Check the trading volume and the background of the team. Most of the fake project has an anonymous team and volume is very low that's why the volatility is very high.

I don't know what kind of token you are watching to conclude this question of your but you should avoid any meme tokens since 99.99% of that coin is usually a bull trap.

If you talk about tokens, all crypto that running under BSC (Binance Smart Chain) are tokens ;D, but i got your point, you talk about shitcoin, right? It will be difficult to know which projects are good and which are not, the way we can try is to research these tokens, regarding teams, use-cases, communities, Liquidity etc.

btw, I found an interesting project currently running on BSC (Binance Smart Chain), and you'll get 1:1 after this token deployed on Solana Chain by end of this month, you can research it here: Catenax.org (https://catenax.org/)

The only token I invest on my own on Binance Smart chain is cake (the token of Pancake swap). It is a defi-project that performs many functions. There is exchange, yield farming, staking, IFO, lotteries and NFT-marketplace. I think that it is the only worthy project now. There are so many scams because it is very easy and cheap to launch your own token, so scammers try to catch the wave of hype and make money on newbies.

In this case, it is very difficult to know that the coin is going up due to a bull trap, or has other plans behind it. however, to search for tokens like you think, it would require deep research. What I mean to say is, don't just look at the coin based on the chart, but try to look at the function and development of the token. after that you can conclude, whether the token deserves a high price, or is it just a bull trap.

Of course there are. What I can't assure you are those that tokens being shill on twitter and some social networks for just pump and dump and money printing by others. You can't expect not to have scammers even not on bsc and other networks. There will always be scammers out there so just take extra cautious that's all.

Of course there are tokens that are not scams in BSC, but they are fewer in number than tokens that are "pumped for bull traps" scams. You should be more careful in choosing tokens to invest in. Avoid Shitcoins or cheap tokens with huge total supply.

Unfortunately on binance smart chain many tokens have been pump and dump but a lot of good projects are still there its need some time and research. before invest always research and get expert opinion

no doubt the spirit of those who buy these tokens must be: invest only what you are willing to lose. I don't understand why no one has yet devised a method to link the smartcontract created with the cryptocurrencies owned. Let me explain: I make the smartcontract to generate the X token, it should turn out that this smartcontract was generated by someone who has, for example, 1000 eth or 1000 Bnb, this would already be a first guarantee.

Yes of course, only that it requires much more than social media shillings to find them out. When Ethereum started and Smart contract was used to create lots of tokens, people faced the same challenge but today BNB that used to be one of those tokens has grown big and it's credibility is not in doubt, there are also many other good examples but most of the Shit tokens created then are now dead.
So don't miss out of opportunities that good tokens on BSC offers because of the many bad ones.

You know, if only you did your own due dilligence and research on the token, as well as the team behind the token, you probably could avoid like 99.9999% of these scams. But I guess some people instantly buy a token that has a nice pic of a dog or has a nice sounding name. ::)

Its the same people who give away their seed phrase to "support chats". Its starting to become a bit difficult to have any kind of sympathy with people like this. They have obviously too much money and don't care about it anyway.

if you need someone else to do your own research for you, then only buy binance exchange listed (not dex) tokens only.

I always target for tokens with usage. DeFi tokens, exchange tokens or blockchain tokens.
It's hard to find, that is true but with deep research you could find one. I won't tell one as I don't want to be branded as a shiller of the said coin.
You could also get lucky with tokens that are being pumped and dumped. Ride the wave and make profits out of it. You just need to know what must be done.
It may be a risky method but could be profitable in a short run.

Well I have bought almost 220 coins in total and out of them only 20 were legiit. Rest of them rugged pull. Waiting for those 20 to recover me my investment.... ;D

You have two questions, this one, and the title. But to answer this quote first, there are a lot of tokens in BSc and other chains that haven't pumped even we're on the bull run. Why'd you called it bull trap if there's no such trap that has happened? And to answer about your question about tokens in the bsc network being a scam, there are also scam tokens on that network and they're not limited to bsc because every single network has those scammers using them to scam people.

0xMR hasn't pumped yet and the chart looks good on poocoins.

The last time I see on the BSC token, I see ETERNAL have a good step to lift the price because when I buy some ETERNAL, the price is still at the lowest price and I just hold it for some time. But after I check on my wallet, I am surprised to see the price can jump higher and break $100 and now, the price is at $135. But there is a token in the BSC token list that can scam you anytime so you need to research furthermore to find the right token. You can check on KALA, AIRT, ALU, ZOON, PEARL, PCT and more. You can get more listed from the BSC exchanges.

It's not the blockchain they are using it's the project, right now scammers are creating their token on BSC because the transactions are cheap I have more than 15 airdrop coins I received without knowing where I got them, and there are ICO based and there are DeFi that are based on Binance chain, developers are free to create their token, it's up to us to check if the tokens are legit.
Legit and scam tokens are on Binance because of the cheap transactions and ease to list in the market, it's up to you to find the legit one to scam ones.

Just don't buy these coins unless you're confident their technology is legitimate, 99% of the time it probably won't be.
And if figure out the 1% and put the time in to do so (probably a lot of time), you might make money, but it's a maybe cause it's risky.

If you can not sell Squid token how Squid trading volume more then $70 million in the several exchanges, And interestingly this SCAM coin recently listed on some top tier exchanges. BSC is very cheap fee chain and it’s pretty popular smart chain so that scammers sending fake token when you sell it you will be caught must be.

If you don't know where it's coming from, it's certainly not an airdrop token. It is a dusting token that is sent randomly to every address that makes a transaction.

My answer is YES there's a lot of good projects in BSC Network if you just check carefully, one perfect example is the BIRB token, it was a very promising project on the BSC Network it has a lot of use case and also has a hardworking team, But the problem was pointed out with the investors because they are still investing in those shit projects(Meme) without any precaution. Anyway just choose only the promising project to minimize the risk of being scammed.

I think your question is base on your experience of receiving unknown tokens in your wallet (this has become a real plague. almost every bsc address is filled with tokens that "worth" a lot, but require do make an investment or buy a "plan" to unlock them) or participating in airdrops.

Of course BSC has a lot of projects that are not scam. You just have to look for them. Try searching on the forum "tips how to recognize scam" and search for opposite projects.

The reason BSC is an ocean of scam is cheap transaction fees. When buying Ethereum tokens, people will think 10 times, check everything 100 times before making a transaction. This is all due to high transaction fees. With BSC, 10-30 cents and your bags a filled with "gold".

I don't see this as a stand-alone question to BSChain, we have had these same problems with projects on Ethereum networks too in the past and I believe there will still be all these scam projects on different cryptocurrency chains/networks till now but it now depends on the investors, but we know most investors are looking to invest in what will make them huge profits in a short term instead of investing on what is a validated solid project.

There are actually many successful bsc projects only maybe many communities are more happy with shitcoin in bsc. Examples of successful bsc projects: SFP, TOKO, SFUND. Those 3 projects are projects that I know are very successful in his time until now the coin remains at its level of success. In addition, there are cake and BAKE that are very famous in bsc. It was the first coin to be made using the bsc network.

it's because shitcoin or meme coin is more popular by way of huge marketing. shitcoin and meme coin even very fast-growing their community. This is very confusing, why so many people can be interested in something that is not clear.
we have seen several scam projects in the BSC network. but that doesn't make the BSC itself bad. we who have to become smarter to choose investment assets.
many are successful and profitable, but many are also detrimental.

I have similar questions spinning on head, I mean what will come after this coins after this excitement and heavy pumps that have been invested on this project. Its going to be a disaster if this Inu get dumped or abandoned, many will regret ever having anything to with crypto.

Keep on searching mate there are actually a lot of legit tokens in BSC just stay always from memes as 99% of them are mostly scam. If you want to find legit projects I suggests to join in launchpads IDOs there are many legit and trusted IDO platforms out there like for example: 
https://bscpad.com ,
https://trustpad.io ,
https://launchpad.seedify.fund ,
https://trustswap.org/ and many more.

Nothing, or I didn't find it till now except Coin stable which holds steady value. It is available on the Binance Smart Chain network. But when it comes to Shitcoins, it's clear that 99% of manipulation with a massive pump has often become a trending coin in CMC. Not even a few are harmed by the action of the pump.


Why are you interested in shitcoins that rely solely on booming trends? Obviously it can't be sold because the liquidity is not locked at all. This is just one of the coins circulating on the Binance Smart Chain network like other Shitcoins that take advantage of the cheap network to trick beginners by manipulating the price and then dropping deeply.

Scammers use this network very often because transactions are very cheap and the functionality is the same as on Ethereum, so they don't need a lot of knowledge to create a fake token.In order not to fall into the trap, read the forums here will tell you what is fake and what is not.

Don't know what you mean by this question exactly. There are many good coins on Binance Smart Chain. Also there many projects that have BSC-version of their tokens.

An overvalued project =\= a scam project.

There are plenty of legit projects on Bsc. E.g. pancakeswap.

But would I necessarily buy it?

Probably not. The Defi landscape right now is way too overhyped in my honest opinion and I believe that there isn't a lot of real innovation going on (just a bunch of words that are being thrown around left right and centre).

I think there are some coins that really have value, not only for bull or bear trap. Like Safepal maybe, sometimes they open WHO which people only need to hold SFP and maybe do some task, but the rewards is legit. Usually for investment i look for tokens that have value or maybe simple thing that can made people demands for it.

I think you're talking about tokens that go into the BSC wallet right?
There are several tokens that use the BSC network but the development team of these tokens is not active to develop or do anything new to attract investors' attention so that investors want to buy the tokens they created. I'm the most annoyed if someone sends tokens to my BSC wallet, but I can't sell those tokens on the exchange.

Just two fast examples of scam tokens:
Ryoshi-token from 11 sat/dollar to 3 sat/dollar in 1 month
Bnbtc from 0,17 dollars to 0,06 dollars one week.
I think is not a solid market.  It' s better a coin with Pow, difficulty and blockchain.  These tokens are all scam projects.

Most of the BSC tokens are pumped to let the public know, especially now that there is a top gainers tab on coinmarketcap so that it becomes an easy promotion tool if there are tokens that can go up to hundreds or even thousands of percent so pumps are needed for new projects.

Of course there is. The problem is that because of the cheapness of transactions on the Binance Smart Chain network, many scammers are easy to create their projects here. Turning many bep20 tokens into junk. If you ask if there is a successful Bep20 token. It was TKO, SFUND, SFP.

I think that was a very sarcastic question because most of the network has experienced that kind of problem, like incompetent projects, frauds, and many more, I believe it is not only contained on Binance smart chain, but also on Ethereum Network as well because scammers are everywhere that's why we should aware of that reality.

Are all tokens on BSC pumped for bull trap? The answer is no but some are just pump and dump projects, some are even scam projects so it's your duty to do your own research before investing money on any project, BSC is just smart contract they aren't scam proof or rug pull proof

This shouldn't be a question. Everyone should be vigilant and don't allow themselves to be dragged easily by the hype.

It's like the glory days of ERC20 tokens were useless and shi*tcoins are also created as fees back then here are cheap. The same approach as before, use your common sense before getting in a FOMO.

Once a coin gets hyped, rather join the craze with caution as you understand risk or research first about the project before getting in.

No way. I mean that can't be possible. There always shall be a scam tokens and not only on bsc but every other networks. One just have to be extra careful and resourceful in choosing.

I think that is the way for the developer to introduce their project to the public and succeed by doing pumped of their coins. Cake token is not a pump or dump coin and the price now seems stable for a moment following bitcoin price.

If you do not want to get into the bull trap, you do not have to involve in the BSC market instead trying to stay and search for the coins at the other exchanges so you will not lose your money without having a chance to make a profit. If you want to join the bsc market, I suggest you search for a low coin price and buy with $10-$15 and hold it and sell it when the price increases higher. You can make a profit and not have to worry if the price is dumped hard.

The fundamental problem is that these tokens are completely useless tokens and therefore are worth nothing. They are not linked to industrial or commercial initiatives but only to financial and speculative dynamics. Unfortunately I have not received an answer to the topic: The name of a defi token which is not a scam but which is profitable

I believe this relates to most if not all of the crypto networks/chains. All of the dead projects I have in my wallets from back in the days now are from the Ethereum network even though I haven't really invested much on projects on BSC. I believe this is why it is important to do that extra work on checking out the projects before investing regardless of what network/chain they are built on even though that might also not 100% guarantee genuineness of the project.

What you say is very true and has also been proven in several networks so users of any network must remain careful and must also remain wise in dealing with all tokens that enter by themselves without joining anything.

Most of shitcoin under Bsc network are scams. Its not only with Bsc but Solona,Eth also have scams project. Before investing we must check their smart contract verification,their Team. We must check their liquidity lock period. Always invest in these coins which are listed in big exchange or at least two years liquidity locked in Dex.

50:50 (scam : real), but from my eyes, there are too many projects that only play hype and fomo, after the fomo disappears the coin value also disappears.  i think you know,  what i mean abaout coin on bsc

Of course there are also a lot of token that are running on the BSC-chain that are not a scam. I think that most big and successful projects nowadays are live on at least 2 chains for example ETH and BSC or Polygon and BSC just take for example USDC or USDT, those are definitely not scam tokens (well no one knows if every USDT is still backed by a real USD but that another topic). What is true of course is that fact that the token generation on the BSC chain is just much cheaper than on ETH for example, therefore all those useless meme-coins or sh*t-coins are most of the time created on the BSC chain, but that is not really the fault of BSC itself.

i think it is so optimistic.
Let's see what a scam means: if the token reaches a stratospheric maximum in a day or even in a month and then loses 60/95% it is a scam. See ryoshitoken for example. Why don't we give a couple of examples of tokens that are continuing to rise or remain more or less stable?

The Binance Smart Chain (BSC) network came as a relief to the Ethereum network that the gas fees are now very high. Many projects are now making the effort to have their project in BSC. Even already existing tokens formerly on Ethereum network, work towards having the token with the same name, but with BSC network due to cheaper transaction fees. Unfortunately, on the other hand, scammers are also sizing the opportunity to scam people because it is easy and cheap to make your own token. 

In view of this development, it has become very important that investors have to carry out detailed research to check the viability of the investment. Obviously, not all BSC tokens are scam. Though, I cannot measure the percentage, however, I think there are more fake BSC tokens compared to the genuine ones. It is really very important that investors have to research thoroughly before committing their hard earned money to an investment in the crypto space. The team behind the project should be researched, etc. With proper precaution; you can get a genuine BSC token to invest in.

There are bunch tokens that were not only bulltrap. They have been pumping based on the fundamental value of the project. The question is why do generalize all of tokens on BSC chain as bull trap tokens? This is a wrong thing and by the way, you can take a look at so many legit tokens that exist in BSC chain. It's not fair to judge the whole of BSC assets being bull trap tokens. It seems like that you're only watching the shit token. That's why you're taking a conclusion like that where you were always seeing the price of tokens gets jumped a lot then it goes to the bottom again in a short time. You will never see that in legit tokens that build in the BSC chain. There are lots of these tokens are placed at the top 100 or 200 of CMC. You must need to change your perspective about that.

There are over 100s of BSC projects that are more than just a mere crypto project, BSC is just the smart contract they run on so it doesn't make them scam or pumped and dump project, because of high gas fee on ETH I stay away from any Erc20 smart contract projects this year, all projects I invested in are BSC chain projects

The main thing is there are some at this time that doesn't sound like pump and dump or running good in the market but who knows until when? The next day a scam could be busted that will come into picture to the holders and they loose the funds.Nothing is guaranteed in this crypto market especially these tokens and you can't tell which is good and bad so take your own risk.

it's amazing how legendary comments can be read saying they are not scams but no one gives an example.

Cool question. Blockchain is not to blame. It's just that all the convenient functions for creating a token are provided there. There are enough scammers everywhere and they appear in different areas of business. A large number of promising projects have been created at BSC.

The ease of making tokens in BSC makes it easy for anyone to make it, scammers know that the easiest way to cheat and make big profits is to create a scam project, be wary of things like this it's better to invest in projects that already have a great reputation.

Well, its BSC for you. What do you expect from a dirt cheap transaction fee? And to make matters worse, fake airdrops, exit scams,  honeypots and rugpulls are the order of the day there. We should expect some more since crypto is largely unregulated, and nobody can do much about it

There are hundred tokens, or maybe thousands, i think it is better to stop look for new tokens and start to look at token which already listed in bigger exchange. Like in binance, i think there are some tokens which worth to see, about bull trap nobody know but at least not pump and dead coin.

It is economically advantageous for scammers to use such blockchains in which the transaction cost is low, since this may be due to a huge number of transactions for sending scam coins. Therefore, we see such a large number of scam coins in the BSC, Matic, Solan blockchains and are practically absent in the Ethereum network, where the transaction cost is very high.

I think I can coin a new term: shittoken. And almost all the tokens on binance smart chain are.

Yes, I have also stayed somewhat away from the entire ERC-20 project, but I have a cousin who told me that there are some telegram groups that buy ETH and can make transactions with each other on the ETH network and they are not expensive, that is, the network makes it cheap and according to him the fees are no longer as expensive as before.

The truth is that the NFT game projects have become high risk projects for me, because any dev can make a big dump and kill the game, they leave and leave everything lying around and with losses for those who invest, I see that trading is safe. , and on platforms like Binance that offer security at all levels.

Do you think nft are on the same path as tokens on various defi?

this is based on the ease of making tokens there because the price offered is very easy in gas so everyone can certainly do it there.
this is an advantage for the scammers to carry out the action.
On the other hand, this convenience should actually be used in order to make something more useful, but what happened was the opposite. but really can't be blamed because everyone is not always good