How to spot hard fork of ERC20 token?

[DragonBZ]

Some time go I worked on an ICO with a few people. All of us got a chunk of the new coins as payment. Now it's time to pay these out to us but the guy who manages teh wallets is an asshole and I think he will try and rip us off. I heard something about a hard fork giving him trouble.

If he pays us out, how can we check we got the actual coin and not some worthless hard fork?

[Mighty_crypt]

Some time go I worked on an ICO with a few people. All of us got a chunk of the new coins as payment. Now it's time to pay these out to us but the guy who manages teh wallets is an asshole and I think he will try and rip us off. I heard something about a hard fork giving him trouble.

If he pays us out, how can we check we got the actual coin and not some worthless hard fork?

You can find out about any hardfork news if you follow the social media channels of the token,it would have been helpful if you can tell us the name of this token you talking about, and coming from ERC20 they never have any hardfork but mainnet

[DragonBZ]

Thanks!

I think this guy is deliberately trying to screw us over so he would not announce it on social media channels. I think he would secretely create a useless forked coin that he uses to pay us with while keep the actual coin for himself. I have worked with him in the same office for a year, he is an asshole that would do something like this.

I am not talking about ERC20 itself, this is a ERC20 compatible altcoin. I can't tell you the name because he will find out.

I think my questions is if there is something about the contract we can see publicaly that would give the game away?

[Febo]

Some time go I worked on an ICO with a few people. All of us got a chunk of the new coins as payment. Now it's time to pay these out to us but the guy who manages the wallets is an asshole and I think he will try and rip us off. I heard something about a hard fork giving him trouble.

If he pays us out, how can we check we got the actual coin and not some worthless hard fork?

I could be wrong, but you talk about tokens. Tokens are not cryptocurencies. They are tokens on an asset platform. In your case an Etehreum. Tokens are always issued centralized and guy that issue them have complete control over them.


You could fork it only by making new token and make somehow a swap of old token for new. Someone who understand ETH better could tell you how. And then ask all token holders to swap to new one under your control. Yup. That si how fork of an token looks like

[serjent05]

Thanks!

I think this guy is deliberately trying to screw us over so he would not announce it on social media channels. I think he would secretely create a useless forked coin that he uses to pay us with while keep the actual coin for himself. I have worked with him in the same office for a year, he is an asshole that would do something like this.

I am not talking about ERC20 itself, this is a ERC20 compatible altcoin. I can't tell you the name because he will find out.

I think my questions is if there is something about the contract we can see publicaly that would give the game away?

I think you can track the contract through what address is used to execute the contract, you can use the https://etherscan.io/ to check if the coin sent to you was from the original contract address of that token and verify if it is the same token and not the one to screw you up.

[Javi_Anibarro]

Are we talking about an altcoin that compatible with ERC20 token or token ERC20 itself?
If you are asking about the fork of the token, you can verify it on this link: https://etherscan.io/verifyContract or you can check it by using contract menu on https://etherscan.io/ after you search the smart contract address and then click similar to check whether the code source is written based on other token or not.
If we are talking about altcoin that compatible with ERC20 token, then you should check it from the source code that builds the blockchain directly. But mostly this kind of project is a fork of ETH code source.

[batang_bitcoin]

I was about to say this.

https://etherscan.io/ after you search the smart contract address and then click similar to check whether the code source is written based on other token or not.

And you can also see if the name of that token is different or not. There might be the same tracker but the majority of the tokens doesn't have the same name. So you've got to figure it out by viewing the ethereum address that you have entered to the etherscan and see the name of the tokens and contract that will be sent to you.

[seoincorporation]

...
If he pays us out, how can we check we got the actual coin and not some worthless hard fork?

I think tokens can't be hard forked, because for that we should change the smart contract code and i think this isn't possible.

But the user who made the token can create two tokens at the same time and pay to the users with the fake token. The problem with this is the value of the real token, since it hasn't be distributed then it shouldn't have any value.

[DragonBZ]

Thanks guys. A lot of that makes sense to me. I'll keep an eye on the contract to see if the tokens he pays out are from there and not a split one.

[Rodeo02]

Thanks!

I think this guy is deliberately trying to screw us over so he would not announce it on social media channels. I think he would secretely create a useless forked coin that he uses to pay us with while keep the actual coin for himself. I have worked with him in the same office for a year, he is an asshole that would do something like this.

I am not talking about ERC20 itself, this is a ERC20 compatible altcoin. I can't tell you the name because he will find out.

I think my questions is if there is something about the contract we can see publicaly that would give the game away?

You can ask them the contract address its public or search it in etherscan you can find it there .
 

There is no hard fork in token if they have a problem in the ERC20 tokens then they can easily make another one then distribute that to members.