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Author Topic: Ethereum Private token Bumping ANN Thread by newbie. Look like pure scam.  (Read 51 times)
Coolcryptovator
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June 06, 2018, 05:07:34 PM
 #1

I have seen just now Ethereum private token  using newbie account to bump their ANN thread. It is an ERC20 token.
https://bitcointalk.org/index.php?topic=4415197.0
http://archive.is/Blvaa

They have no any team on their website. This is not hard fork of eth. They should be provide potential team for their ICO. It's look like scam project. Stay away from them.
https://ethprivate.net
Archive: http://archive.is/UfTah

I don't know how they called it fork of Eth? It's already deployed on eth network.
https://etherscan.io/address/0xEaf8FB21896C3257aBCc3569115049B5501c005d

If I just create a token on ethereum network it's fork of eth? If yes then all erc20 is fork of eth. I think it's individual token. Just deploy using eth blockchain.
I can't find any whitepaper. I am not clear about their concept.
I haven't noticed yet Ethereum going to fork. If not, then Ethereum private token is fake ?

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magneto
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June 06, 2018, 08:38:20 PM
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I think it's just a pretty simple scam where the founder of this project is literally creating a new ERC20 token and selling it, most likely with no intentions of developing an actual blockchain to fulfill their promises.

I mean, firstly, you've got a newbie posting all this which is already shady. Secondly, the site is full of grammar errors. Thirdly, there is no team listed. All of these to me point to a scam.

Even if they're not a scam, they're not going to deliver on their promises. It's obvious what they're trying to do, which is to get as much ICO investments as possible before they get called out.

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June 06, 2018, 10:06:31 PM
 #3

One of the most obvious scams I have ever seen. 80 percent discounted presale to attract gullible people. What a joke.
Coolcryptovator
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June 07, 2018, 06:54:36 PM
 #4

One of the most obvious scams I have ever seen. 80 percent discounted presale to attract gullible people. What a joke.

I hope soo it's a pure scam. Moderator should consider  lock or remove his thread. I has been already reported. They might be scam from many people those are not much experienced.

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June 07, 2018, 07:56:53 PM
 #5

One of the most obvious scams I have ever seen. 80 percent discounted presale to attract gullible people. What a joke.

I hope soo it's a pure scam. Moderator should consider  lock or remove his thread. I has been already reported. They might be scam from many people those are not much experienced.
Scamming is not against the forum rules so moderators are likely not to remove or lock that thread.The thread bumping accounts however, will be banned.People who are not much experienced should not fall for anything they see on the internet.It's not really forum's fault if someone gets scammed by such obvious threads.

Look at the Digital Goods section,almost every other self-moderated thread is a scam but moderators won't remove them.


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timerland
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June 07, 2018, 08:44:47 PM
 #6

I don't think that there is any chance that a group of people that can't even build a website properly is able to deliver on their promises of a new and improved blockchain project. Also, there is virtually no chance that an ICO with such steep discounts will be legit.

If you invest, you're buying worthless Erc20 tokens that anybody can issue on the ETH blockchain.

By the way, This is their investment address, that all funds are supposedly directed to: https://etherscan.io/address/0xEaf8FB21896C3257aBCc3569115049B5501c005d

Seems like that there is around 0.5-1 ETH currently being scammed out of people. Like come on, they literally put up an ETH address and ask you to pay them, instead of the extensive KYC procedures that legitimate projects ask you to complete.

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