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Author Topic: Do you trust ERC20 tokens?  (Read 4698 times)
sctnygli
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May 30, 2018, 04:11:29 PM
 #221

The cost of the Erc20 token is very low, and of course there are some valuable projects, such as the very popular EOS, which is also used as a token, but it is soon to be replaced.
Princessjilian
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May 30, 2018, 04:14:12 PM
 #222

Yes, I actually trust ERC20 tokens even if there were some tokens that didnot have any value. One thing also, these shit scammers using ERC20 is the one reason why the credibility of ERC20 is being questioned by some.
acorcos
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May 30, 2018, 06:14:13 PM
 #223

Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.

Do you trust them?
Sure, there is no problem with ERC20 tokens. Only risk is that you get trapped into a scam project, but this will not happen with proper due dilligence. And ERC tokens highly depend on the ETH protocol. If it fails all ERC tokens will also fail
thepo1m
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May 30, 2018, 06:28:24 PM
 #224

I believe erc20 because many are already using that platform. ICO projects all use erc20 as a token platform that will be sold ico project. why you hesitate?

I hope you understand what these tokens are for, they are just like a gift card or coupons, it has no real value, I use to look at most of these ERC20 tokens and think that in coming months most of them would be 0 in value, unless the project have a real good use for them and a working platform I have no trust in them for now
Pecunia non olet
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May 30, 2018, 06:34:24 PM
 #225

Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.

Do you trust them?
You can´t judge by one case.
ERC-20 standard is mainly used due to its simplicity.
It is easy to create a new token, it is also easy to use it, where do you see the problem?

popotao92
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May 31, 2018, 12:41:30 PM
 #226

ERC20 tokens are built on ethereum network and that makes it good and easy to use.  Since ethereum is a trusted coin it there means that erc20 token are trusted.
Joriecoinbit
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May 31, 2018, 12:54:20 PM
 #227

ERC20 tokens are built on ethereum network and that makes it good and easy to use.  Since ethereum is a trusted coin it there means that erc20 token are trusted.
Yes, I agree with you erc20 are trusted, in terms of participating bounty campaign this is one of the useful tool when distribution or earning rewards tokens in the campaign. As far as I know in terms of promoting project they are using erc20 but be aware for scammers because we can't determined there plans how they do.
sandymandy937
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June 01, 2018, 04:54:19 AM
 #228

Currently many ERC20 purse has been hacked. I have not determined how they penetrated and hijacked our private key, but my friend was hacked and robbed of all the tokens in the wallet. so be careful.
vivuta113
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June 01, 2018, 10:29:07 AM
 #229

Believe. but I see statistics from the token I hold. not much price increase by using ethereum platform. almost all under ico. very poorly behind the many beliefs of people
pekavcilar01
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June 01, 2018, 10:43:17 AM
 #230

Absolutely.
Erc20 tokens are giving me money. I was making money by buying and selling in the crypto market.
I'm collecting the airdrop. I follow the Bounty campaigns. These two are distributing the Erc20 tokens.
pharaon
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June 01, 2018, 10:52:08 AM
 #231

Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.

Do you trust them?
You are right, many projects are fraud, and specifically create a buzz around the project, but there are ERC-20 networks and good, promising projects that have a great future. We just have to devote more time for a qualitative choice of such projects.
jonas5222000
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June 01, 2018, 10:58:14 AM
 #232

Im sure you can prevent to be scam,just be kind for your self and for your moves and also strickly about picking one tokens/erc20 ,be active in their social media sites like telegram facebook and so on,in this case you will know and you can know if one token has a chance to be succes .

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June 01, 2018, 11:11:11 AM
 #233

ERC20 token are not all phishing. Statistics released in early 2018, most of the Token released to the market are used on the ERC20 platform. Soon this technology will dominate the market and will be the best platform for developing new Token. There are many good tokens coming up from the ERC20 platform that are important to you to know a good project.
armlock
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June 01, 2018, 11:30:27 AM
 #234

And what else to believe if not to the ERC20 tokens? NEO blockchain works disgustingly, the main plus in it is the GAS charge for the storage of coins. I respect only the ERC20 and I think that now this format works much better than the others.

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chiko27
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June 01, 2018, 11:40:14 AM
 #235

Many people use the ERC20 tokens because these tokens are reliable and easy to use. Many good tokens emerge from the ERC20 platform, but we also need to be aware that some of the ERC20 tokens when signed into the marcet can drop directly.
efxtrader
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June 01, 2018, 11:49:14 AM
 #236

Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.

Do you trust them?

Not all ERC-20 token are scam, its depending the developers or maybe they just want to be scam. Many token a good because back up by reputable company and have working product. ERC20 using ethereum network and anyone with coding skill can make smart contract and creating their own token

AltcoinAuthority
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June 01, 2018, 11:55:47 AM
 #237

Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.

Do you trust them?

Not all ERC-20 token are scam, its depending the developers or maybe they just want to be scam. Many token a good because back up by reputable company and have working product. ERC20 using ethereum network and anyone with coding skill can make smart contract and creating their own token
Since you are commenting that not all of the ERC-20 coins are not a scam then can you list what coins are actually not scamming? I would like to know about it...

 
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Pump N Dead
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June 01, 2018, 03:37:40 PM
 #238

Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.

Do you trust them?
The problem is not the ERC-20 token, the problem is the project itself. If you do our own research, you will atleast verify if the team are real and serious with their project. You should also check their credibility before you invest on that token.
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June 02, 2018, 06:03:55 AM
 #239

As it's very easy to create a ERC20 token (you can find tutorials in few seconds), many scammers use them in their "projects".
With big promises to bounty hunters, they can create hype and earn big money in fake ICOs, and then send useless tokens without real project.
Maybe we can check ICO rating sites to avoid scams...but even them can be cheated.
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June 02, 2018, 02:03:45 PM
 #240

Believe. but I see statistics from the token I hold. not much price increase by using ethereum platform. almost all under ico. very poorly behind the many beliefs of people
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