Be aware, so many scam coins are around

[ivanserfg]

To learn more about the scam projects you need to visit the scam accusation section guys where you can find lot of exposed crypto projects with the proof.

This thread also need to moved there.

now, besides the outright fraud, many teams use cunning methods, after the end of the bounty after a while they roll out additional conditions that can not always be fulfilled to avoid paying honestly earned money.

[1714731359]

1714731359

[1714731359]

1714731359

[1714731359]

1714731359

[1714731359]

1714731359

[1714731359]

1714731359

[adekogbe]

This are only but a few of the thousands of scam coins and tokens out there. A lot of this cryptocurrencies have teams who's purpose is just fraud and to steal from unsuspecting investors.
This days research is not always enough and sometimes you just have to invest in already known coins in order to avoid the risk of falling victims of scam projects.

[Vit83]

There are a lot of such coins on my eth wallet, but most of them, not scum, just IMHO a bad business idea or lack of experience. 

[chip1994]

We really need to be more patient and thorough in determining ICO project choices. Many ICO projects have difficulty finding funds. So they will fail and potentially commit fraud. Do research and fully understand the white paper.

Thats why I always join projects that have innovative ideas, good teams and great marketing, seen from their crowded discussion on their ANN, and their bounties that are followed by many people, at least that gives a little picture about their future

I think this time, when the cryptos are so bad price, almost ICO project will not potential in spite of innovative ideas. If you want to earn more money at this time, stop joining and investing ICO, please invest in more big cryptos like BTC, ETH, XRP.

[lablab03]

There are a lot of such coins on my eth wallet, but most of them, not scum, just IMHO a bad business idea or lack of experience.  

we have the same coin bro wherein turn to zero aslo  because of the bearish mode of market. but I'm still believing that soon when market stabilize my coins willl regain value aslo . Because sometimes there's a small progress also when other coins made a small bump. So i believe soon it gradually getting value again afterwards especially if there's a a good news with bitcoin because mostly it's very affected.

[pundit]

Thank for bringing out this information on this thread. Really there are many scam ICOs all around scamming investors in different way and its very hard to trace such scam ICOs. Pls add another scam ICO "BeEasy" here, its ICO rate was $127/coin and when it was listed on its price was $2/coin. Dev never tried to develop this project and were inactive on telegram. Soon there was no volume no exchange and atlast Idex delisted it. Before Idex it was listed on two cheap crpto exchanges. Such ICOs should be exposed on this forum. Scam ICOs are ruining crypto market like anything, some hard step should be taken against such scam ICOs.

[Kevin77]

Seriously have no idea how to do research anymore. I mean even the greatest resources I have followed to find the best ones have been bought already, these new smart scammers just pay the good trusted people the shill their coins and they get away with it. That trusted person taking the money is now of course no more trusted but we have already lost the investment anyway. It is really not that easy out there now, if you want to find some information that is legit on a coin its really tough, you can't even separate what is true and what is false.

I check how many people work on a project and it says 150 and I check other sources it ranges between 5 to 100, like where does these information spread. I don't know what to trust anymore you read something online about a project and maybe its a great news or maybe it is a bought piece of news paid by the coin.

[Thanasis]

There are a lot of such coins on my eth wallet, but most of them, not scum, just IMHO a bad business idea or lack of experience.  

we have the same coin bro wherein turn to zero aslo  because of the bearish mode of market. but I'm still believing that soon when market stabilize my coins willl regain value aslo . Because sometimes there's a small progress also when other coins made a small bump. So i believe soon it gradually getting value again afterwards especially if there's a a good news with bitcoin because mostly it's very affected.

Why we have such kind of coins, simply because we failed to evaluate the projects so getting up worthless tokens at the end.I really want the bounty hunters to stop promoting that kind of projects because they even won't get anything but the scammers made lot of money and run away with it

[Correlll]

You are right, there are pretty much scam projects out there. Thats why do not take part in every project in hope to get profit. Carefully investigate each ICO or STO to get more info and to make the right investment decision.

[TheCrimsonFucker]

For sure! It's easy to say that 90% of these coins are projects with malicious intentions or even with no real intention! Has anything happened to this project you mentioned? Often also what appears to be doubtful ends up legitimizing itself and inverting it too! Either way, it will never be much to warn people about the risks that exist in cryptocurrencies.

[criptAndroya]

unfortunately it is not always possible to recognize fraudsters, once taking part in the bounty, of one company, they were even advertised on a coinmarket, and they collected almost hardcaps, and a couple of days before the end of the program. just stopped responding on all channels.

[CoinChili]

How sad that Privcy coin is also a scammed. Honestly, i know these airdrops and I never doubted them until I saw your post about them. I was about to join those airdrops, it's lucky I bumped here before doing so. I'm so glad that you have already warned us about these scam ICOs.

[Menawi12]

Yes, scam projects everywhere.
For now i won't join ICO or bounty campain that use KYC.
I am so afraid here because many issue about it.
Becareful guys.

KYC will be a standart in cryptocurrency market because every crypto project will be regulated. Its true that very vulnerable giving our ID but developers team must be comply with government regulation and i think doing KYC is not a problem

[MakeMoneyBtc]

Now, it's even harder to detect scam ICOs and that's because scammers are smarter now and create projects which look very good and trustful. I have to say that you would have to be an experienced person in ICOs to detect some scam ICOs because they are created so good without making any mistakes and only a professional could see the difference between a scam and a good ICo

[sctunter]

ICO rating now days is getting paid from whoever wanna get their score higher
so no wonder why many scam ico
because there is no independent or netral ico rating

[Pffrt]

Yes, scam projects everywhere.
For now i won't join ICO or bounty campain that use KYC.
I am so afraid here because many issue about it.
Becareful guys.

Hey, why don't you read the OP and make comment after that. Isn't it a good idea to read the whole post and reply after then? So you know what the stupid things you have written.
It's my fault. I didn't make it a self moderated thread.

[cewekimut]

Some of these projects to make us have to be careful. Don't be easily tempted by ICO projects that have big prizes. It's better to do your own research and check Developers, Teams, Website, and Social Media like Facebook, Twitter, and Telegram.

[nlaara12]

The truth is that we have more scam project than we have genuine project and the is why we need to be very careful of the kind of projects we invest in because most of them are fake.

[billy.ryoko]

Yes, they have over the 2000 altcoins now listing the coinmarketcap, but I check it everyday, and find almost 80% of this coins without the trading volume, and almost 90% is silence,so I not invest any altcoins now.

[FanEagle]

I have always known that nothing given free will ever last and that is why it is easy to spend money not worked for easily than the one worked for, whether airdrop or no airdrop, one decision I have made this years in to participate strictly in already existing projects and projects that are already on Top exchanges while i wait patiently till they fully develop their projects before thinking of profiting from it, all these offers given in ICO is bull shit, you end up almost buying same amount with the ones that bought during ICO when they entered exchange.