Reality of tokens

[HammadAli]

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

[1715248127]

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[avikz]

Token market has become very similar to HYIP market where you can simply buy a php script and hire a designer make a website for you. It's even simpler for ICO market because you won't need any script, just wordpress hosting will do the trick.

 It's really sad that cheaters are targeting crypto market as well in big numbers. That's the main reason why ICO market has lost its credibility! People need to understand that tokenization of everything will only lead to big disaster!

[Kupid002]

Token market has become very similar to HYIP market where you can simply buy a php script and hire a designer make a website for you. It's even simpler for ICO market because you won't need any script, just wordpress hosting will do the trick.

 It's really sad that cheaters are targeting crypto market as well in big numbers. That's the main reason why ICO market has lost its credibility! People need to understand that tokenization of everything will only lead to big disaster!

And that was a fact,  they can even hired a person who can create a white paper for them thats why there are many plagriazed report here. Because the whitepaper belongs to other project and edit only few words to make it more legitimate .

[MATHReX]

It's not just recently but this has been going for a long time.

Why there are so many token projects released with ICO or IEO each and every day with literally nothing new?
Because it's easy to invest $200-300 and get a return in tens of thousands of dollars if they got some people to invest in sh*t token.

Once, it's done then rinse and repeat.

Also, there are many gigs available online which will develop a crypto exchange for you only for a few hundred dollars.
Then just get some people to use it and then in no time the website will be unreachable and all funds are lost.

[bigcash2011]

This is the reality and this has really damaged the whole ico market and also has imapcted overall crypto market very negatively, the only way out i see is that there should be some centralized registration and licensing authority that should only allow icos that fullfill minimum quality, kyc and use case parameters.

[Vitamin_52]

need aside from this create site, and project which you want develop, I not think that you that the invest if you have team will not understand from whom. we need to confirm the team members

[magneto]

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

And if a project is frugal enough, there are several absolutely *free* ERC20 token creation services on this forum alone.

The fact that the barrier to entry to the ICO scene is so low explains why the quality of most tokens have drastically fallen after ERC20 tokens became the standard for ICOs. No longer do you even need to create your own blockchain, which was an easy task in itself.

It also explains why airdrops are so popular from a dev's perspective. The cost of setting one up can be done under two digits USD, while if anyone actually buys into their token, they can easily make thousands of percent in ROI.

[sandra_x]

This probably is part of the reasons many investors are now very weary of investing in ICOs, Tokens in themselves are worthless unless they can be deployed to represent some sort of products or services. Stats from ICO are appalling. It is easy for scammers to create some worthless tokens and then charge a fee for them. No one should ever invest in a project without sufficient research

[dirgayeah]

Yeah, that's how scammer works right now. It's not difficult to find them. Just see their website, team,  whitepaper. Mostly the website are using same template with the others. Their concepts as well, can find on the whitepapernya and mostly are very weak and irrational. Using fake team profile also become their method.

[Kang TB]

Token market has become very similar to HYIP market where you can simply buy a php script and hire a designer make a website for you. It's even simpler for ICO market because you won't need any script, just wordpress hosting will do the trick.

 It's really sad that cheaters are targeting crypto market as well in big numbers. That's the main reason why ICO market has lost its credibility! People need to understand that tokenization of everything will only lead to big disaster!

thats right, at this moment a lot of scammers and cheaters in this industry
and maybe thats the main causes why we should be more careful to choose an ICO even IEO project before we drop our money

[taufik123]

The capital needed to become a scammer by making a paslu project is very cheap but with multiple funds income. Website creation services and ERC20 tokens with only $ 50 on Facebook provide convenience, even myself who is a beginner can make them. Just how to market it and make new investors interested in massive discounts. We must be careful to choose projects so as not to be fooled by fake projects

[jajorforce]

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

I did this research on Fiverr, some people is also offering for 30 USD. Even though scam projects isn't so easy. You have to create a development team and social update everyday. In Fiverr more people are ready to create website and whitepaper. More hard regulations should build for new ICO.

[mhine07]

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

This one of the reason why ICO now lost their credibility and legitimacy due to this. People now are quite smart to scam others , and mostly those who are new to crypto and wants an instant profits are the ones scammed by this kind. And even if the capital investments is low than $50 , people will grab this oppurtunity to make profits that they did not even know that this is scam.

[ashmodeus]

what ?
just for 50 bucks u can make money 1-2 millions usd ?
did this why lately there are a lot of ico that doesn't make sense?
well well , good info bro.
this world must be crazy already,I hope from this discovery, people begin to study about ico if they want to be bounty participant or investor.
btw, are creating erc 20 token its easy like that ?

[otto93]

I have so much been thinking about this and now found the remedy, the truth is that this bunch of scamers turm to makr not less than 100%. ROI so they stand the chance to waste more time on defrauding the public. I pray soon that regulations will step in to curb bad nuts like such persons because its just not healthy, its unwise

[HammadAli]

Actually most of the newbies and simple people dont even realize that how easy it is to create a token and then creator just dumps on them once they get listed on exchanges. It takes too little to get on exchanges which want money to scam their own users. For example: A token named Roobee got listed on Yobit and guess what more than 98% of the supply is in first 10 accounts.
So what can any one expect in such a scenario?

[Kotone]

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

Imagine right 50$ investment then if youre a good in marketing and has some knowledge in blockchain you can easily fool many people. No doubt crypto always been scrutinize by SEC. These kind of people are no conscience and just doing a dirty work yo earn dime out of people who have deep pockets but no brain at all. I hope some solutions will be lay to avoid such scam activity.

[bassbity]

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

This one of the reason why ICO now lost their credibility and legitimacy due to this. People now are quite smart to scam others , and mostly those who are new to crypto and wants an instant profits are the ones scammed by this kind. And even if the capital investments is low than $50 , people will grab this oppurtunity to make profits that they did not even know that this is scam.

With only $ 50 a fraudster can make millions of dollars profit, I am also worried about beginners if they want to invest and choose a project that turns out to be a scammer, if you want to invest it is better to ask the more experience in this forum also many experts in choosing good projects and don't decide for yourself if you don't want to be tricked by others.

[Periodik]

So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

Token creation nowadays is very handy even a little child could create his own token. And if you want to appear more professional and legit, there are hundreds of whitepapers out there in the internet and copy-paste some portions of those and you will have now a professional-looking scam. And if you have more than 50$ to start with, you could join crypto or blockchain conferences even as an audience only and you have already earned additional merit to blind investors.

[lobat999]

what ?
just for 50 bucks u can make money 1-2 millions usd ?
did this why lately there are a lot of ico that doesn't make sense?
well well , good info bro.
this world must be crazy already,I hope from this discovery, people begin to study about ico if they want to be bounty participant or investor.
btw, are creating erc 20 token its easy like that ?

Most of these types of frauds had been going on for quite some time even before the advent of ICO's that is why we need to raise more awareness on this things to prevent people from getting  victimized over and over again!

Fortunately, I think the cryptosphere is now getting more matured and most of its members are now well aware of this kinds of scam and should be equipped with necessary knowledge to detect it and avoid it accordingly not like before when mostly were victimized due to their naivety!