Be aware, so many scam coins are around

[abstractednerve]

These are the main drawbacks of Coinmarketcap! They never delist a token name early even after scamming a lot of people's money! There are many scam/dead coins name still alive in CMC even with some fake volume. So, sometimes noob people fall into these scams. We really need to be aware of it! Personally, I knew the Profish coin, it is a sure shot scam!

[Mcmich]

~snip~

So, if what you mean is people scam by the dev team; maybe you can add this too:

- abulaba token, bitcointalk forum ANN: https://bitcointalk.org/index.php?topic=3348816.0 ;
- vaynix ATM, bitcointalk forum ANN: https://bitcointalk.org/index.php?topic=3239397.0
- etc

I think there're hundreds of scam ICO's that you can read their announcement in this forum.
Forum Admin, staff and moderators do not moderate the ANN ICO thread, because their position must be on the neutral side.

So forum users must be smart in choosing which ICO platform they must choose to invest or be promoted in social media.

There are just so many of the in the market now. And they all start with promises when they are on ICO, getting the gullible investors to buy into their fake talks and updates. The one that pains me most is all these softcap, hardcap news that people buy into. 95% of them are fake and manipulated. If a project on ICO really hit softcap or hardcap, I don't think that project has any reason not to give the Investors good profit on listing.

[Huntler1993]

With scam project, you could go on with an unlimited list of projects. All we need to do is to be extra careful with the kind of project we join. Now even scam project look more attractive than the real ones making it difficult to distinguish.

[Invigorated]

Very true. More than half the projects out there are cheap scams waiting to rip off so many unsuspecting individuals, very much waiting to ambush just about any naive individual. Unfortunately, people keep falling for them uncontrollably. The only thing that can indeed salvage this situation is, if regulations are finally put in place soon enough.

[IVEXO]

Now that most of the people are well aware of scam ICOs, scammer has found another way to scam people. I have observed 3 projects till now which I will list here and give you a highlights how they scam people, specially the newbie.

1. Privcy
Privacy was a free airdropped coin which was distributed freely over the community for helping promoting the project. Later, they decide to reward more to the holder of the coin in airdrops. The more coin you hold, the more airdrop coin you get. Newbies started to buy coins for getting more airdrop coin and DEV were selling their coin. I am sure they had a lot of fake accounts participating in the Airdrop. Can you believe they scammed people in such a way? Now, the project is died, 24 hour volume is- $620 which was less than $100 couple of weeks ago.

2. Profish
Profish was an ICO which came into the exchange before the bounty end. They were listed in mercatox and used to have some fake volumes. I don't know what happened to their ICO but they sold a lot of coins through mercatox and later, the price is now 1 or 2 satoshi from 650 satoshi. This is also a dead project. They scammed people.

3. Helios Protocol- Be aware
Helios Protocol is now airdropping coin to their community. This attract my eyes when I see user vectisitch was vouching the project. He was a moderator in privcy, so, there's no doubt that both of the project are from same person and this helios shit is also going to scam money. I want to alert you guys not to invest in this scam project.
Here is the vouching comment- https://bitcointalk.org/index.php?topic=5118682.msg50087444#msg50087444

Very true but there are hundreds more scam tokens than just this
Which is why it is mandatory to conduct research well before ico investment or bounty participation

[reynald70]

Yes, because the project currently wants to make a profit when the market is having this expensive price, they want to get Bitcoin in an easy way.

[carriebee]

This is very helpful so that many users here can be aware of scam coins around in crypto. We have to be much cautious if we make an investment in crypto. So many project that not worthy to join and put money into.

[AtlantaFive]

You just need to be cautious in investing money. It's very important to learn first the project. Sometimes it's hard to predict which coin will be going to succeed or not or who's team will deliver a good service and who will only scam. If you find the team suspicious like they are offering the usual percent earn in your investment then you must have second thought in investing. Maybe they just want to lure people especially newbies that only invest because of hype.

[starblocks]

Always be wary of anything that sounds too good to be true in cryptocurrency and this encompasses everything from new forks, protocols and masternodes or whatever other trend is likely to gain traction even if they claim to be community driven ventures like the first one, and if you're hesitant to invest simply wait until the project matures before committing any capital and you'll likely avoid any pitfalls

[airdropan]

not something new if many scam coin aroud us
they know how to promote their coin, and look like they professional on crypto
make a newbie on crypto to scammed

[yeniruieni]

In my opinion, some of these projects are very worrying because many Bounty participants have participated, but have not received payment. Helping promote ICO projects is not easy because they have to struggle for 2 to 3 months and the struggle is in vain. We must be careful because not all ICO projects are real.

[Pffrt]

In my opinion, some of these projects are very worrying because many Bounty participants have participated, but have not received payment. Helping promote ICO projects is not easy because they have to struggle for 2 to 3 months and the struggle is in vain. We must be careful because not all ICO projects are real.

This will be my 5th or 6th times mentioning that it is not about any ICO at all. It's a new way of scamming people. Read the OP please. You will get what I meant.

[kawetsriyanto]

Well, actually there are many more ICO scam projects that we must be aware of them.
Having completed lists in this forum may be able to help many more people not to be trapped in this scam. We know that it is very difficult to ignore or avoid the scammers because they are also professional and very experienced.
Those three lists are only very few percentages.
There are still many such as Cryptoriya, ETCN, Abula token, and still many more scams.
We must be more careful in analyzing whether their team developers are real or not.

[Robotbitcoin22]

We really have to be careful in choosing investment instruments, especially the risk in bitcoin is quite large especially with many things related to bitcoin, of course high risk and we must be very careful in choosing it

[Mata Kripto]

yes of course we are always careful before participating in the ico project because we don't want the work we have done to be in vain, we cannot stop them but we can still avoid it. usually they always offer sweet promises at the beginning, don't be tempted by their sweet promises.

[laredo7mm]

yes of course we are always careful before participating in the ico project because we don't want the work we have done to be in vain, we cannot stop them but we can still avoid it. usually they always offer sweet promises at the beginning, don't be tempted by their sweet promises.

There are so many manipulations that occur and indeed we must be able to be careful in making investments, as we know that today many people have already suffered losses due to their mistakes in investing

[trauchot]

I agree, there are still a lot of companies that want to deceive people and get huge money due to this, so you should always study completely any company in which you want to invest in and soon the governments will begin to regulate cryptocurrency as they promised.

[Semar Mesem]

It is undeniable that there are too many coins now scam, at first it looks promising but it is proven to be a scam, and I experience a number of tokens that I keep because I think it would be good to be a scam, so beware.

[Litzki1990]

Thank you for this thread. This is true, most projects nowadays are scam. They are always finding new ways of scamming people. It's really sad that the moderators here are also supporting something dirty like this.

That is true scammers are everywhere they only do is to make sure they can stealing money from the investors, i am agree that ICOs should be regulated and those scammers is being swipe away from crypto industry.

[MUG1WARA]

Thank you for this thread. This is true, most projects nowadays are scam. They are always finding new ways of scamming people. It's really sad that the moderators here are also supporting something dirty like this.

That is true scammers are everywhere they only do is to make sure they can stealing money from the investors, i am agree that ICOs should be regulated and those scammers is being swipe away from crypto industry.

Getting rid of scammers from crypto is not easy mate, because scammers are now too smart and many of them have 90% original, just like the real project, we have to do our own research here to find scammers and stay careful