Do you trust ERC20 tokens?

[markieeeloy]

An ERC20 token is just a token structure that can be stored in the ethereum blockchain. It has nothing to do when it is a scam tokens or not. It depends on the token itself if it is determined to be a scam. ERC20 token is just a blockchain structure of ethereum.

[Fedollam]

I use the MEW purse to store the tokens. However, I would not recommend using it to store money, since it attracts thieves.

[FelipeAnderson]

Of course I trust them from the fact that they are created on the basis of Ethereum , but that they can be a bench that it is already necessary to study yourself

[AaronVanW]

to get less on fake ICO ventures, you have to all the more deliberately select activities for speculation and more to pick with a genuine item and a smart thought. The ERC20 markers are similarly on a par with the others. The tokens made based on these are for the most part extremely helpful. Obviously, among them there are individuals who are not required, but rather they are immediately disposed of by the market, the most grounded survives. This is a characteristic procedure.

[babarian]

Whether a project is scam does not depend on whether it is an ERC20 token, many masternode coins are not ERC20 tokens, but they are almost always scams.

yes, I really agree with you, at first I was very confident in the ERC 20 contract, but in fact very many projects based on ERC 20 only ended with a scam

[funex]

i wont generalized the answer to this question. i trust some erc20 tokens and they are doing well but some are not going anywhere at all. just like other non erc20 tokens, some projects are good and some are not, depending on he team and the use case of the token itself.

[babycorner17]

You can't trust crypto projects delivered by using a few builders. a few developers have all the marketing and advertising techniques to trap you to put money into their task then come to be telling stories. a few tasks also are straightforward. you may in no way be deceived. deciding on an awesome project to invest is fundamental however fairly tough to recognise. it's far constantly quality to look for properly relied on manufacturers of ICOs and invest. a few ICOs can be depended on.

[runor]

The ERC 20 marker itself is not a scam, but many scammers use the Etherium platform to create fraudulent projects!

[Gabmot]

In fact, if there anything called over loved, it will sum up my attitude towards Erc-20 tokens. This obsession is a serious one to the extent that once I wanna participate in any campaign as a bounty hunter, I watch out to see whether the project are lunching on ETH network, or else, I feel so reluctant to join to these campaigns.

Looking away from this however, I have also come to realise that due to the growing popularity of Erc-20 tokens, many have seized the opportunity to launch their mischievous projects with the aim of duping people. That is why it's wise to watch carefully participating in any campaign now be it buying into the ICO or bounty.

[enriquemendez18]

I don't have a problem with it, not all projects need their own blockchain.

[wedar001]

Erc 20 token on ethereum organize is unquestionably dependable. This kind of token have been extremely usefl to many undertaking and actually, Erc 20 is more adaptable and helpful more than numerous altcoin. However, there are some change required on it purchase and expansive notwithstanding, it is as yet the best!

[littleheart]

the vast majority of these days ERC20 tokens are tricks, simply open the altcoins declaration segment XD and there you go, home everything being equal, yet I need to state that numerous great activities that are as yet developing, I came to know them in that segment, every day, many points are made there, nonetheless, it is anything but difficult to spot tricks, what do you anticipate from a string that instructs you to send either and doesn't give you any data, previously captivating in any venture, a great research is required.

[Ondisbelle]

I think it depends on the projects. In time, when the Ethereum, platform will evolve, I think that the tokens will change their standards.

I agree with you. all depends on the project and not on the platform used. because scammers now look very professional and very deceptive. So even if you use another platform, if indeed it's a scam Token, it will definitely hurt investors

[olyamart2017]

on a coin I do not focus attention. we must look at the project itself, because their coin is only a matter of course and not the goal itself. recently on my purse of the etherium I get spam coins with the advertisement of suspicious sites and projects

[pazzanegro]

In some of them yes. Of course there are a lot of scam projects and etc. but after all there are good projects on ERC20. Dont be scared to invest in good promising token If its based on ethereum

[celestinamoore]

I personally think crypto is not about trusting a project but being smart enough to know that even researching about a project doesn't necessarily mean it's a guarantee. Being in this world is a risk you should be willing to take. Categorising ERC20 token is also gonna bring some devaluation to it.

Personally I think we should just take enough time to study a project well and investigate the team before investing

[syntac]

I still believe in ERC20 tokens, but I will not fully trust project developers who use ERC20 tokens. We should look behind a project that uses ERC20 tokens, because that is what can determine the success or failure of a token.

[miklesm]

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?

As for me, I trust the technology of ERC-20 tokens itself. One of it's disadvantages is that anyone can create his own token, including scam one, but many successful projects initially issued their tokens as ERC-20 and moved to own blockchains afterwards.

[charms03]

I do trust some erc20 tokens, we just have to be wise and do some research before we invest. Well, if you are looking for a trusted and legit erc20 token i recommend staker token, they got a huge community in discord which are taking part of the airdrop also an active dev team, staker has a unique feature , it's a smart contract proof of stake token.

[Vorzlave]

I do trust some erc20 tokens, we just have to be wise and do some research before we invest. Well, if you are looking for a trusted and legit erc20 token i recommend staker token, they got a huge community in discord which are taking part of the airdrop also an active dev team, staker has a unique feature , it's a smart contract proof of stake token.

Yeah, the simplest way here is to choose the best among the thousandths if choices. ERC20 tokens are very risky to serve as an investment because there is no assurance that your money will ever be able to earn profit. But that's just one fact, we invest even though there is a risk that's what a true investment is.