Reality of tokens

[zeze18]

That's why as an investor we have to be really careful about choosing which project to invest.
People like this are scamming newcomer to crypto and promising them a high profit in a quick time, those are got scammed also sometimes are greedy people who not doing research before investors and want a quick profits

[1714707849]

1714707849

[1714707849]

1714707849

[shinratensei_]

Fiverr is not the only one and I have discovered so many kinds of services like this even in my local freelancer site.

The majority of people are offering this kind of crap service are coming from emerging countries. There are so many scam services that helped scammer.

I believe if those who are offering the service already know the mechanism of scam ico and this is the problem.
If we can report them all will be a good thing to be seen.

The hunters must try to educate themselves to know more about this. I found some services too. Even a freelancer website is being abused by scammer.

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?

It's actually a scam token. investor must be careful and try to invest in a trusted party but even some crap exchange sites are creating partnership with scammers.

[perla]

That is why i look project from it's product. My perspective is, when they have no product yet, they create ICO to make their ideas get realized. It means they only rely on investor's money or maybe not have back up from their own money.

[Kyraishi]

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.

It's a pretty good example of how undervalued and scammy tokens nowadays are, and I think the entire community has found out the reality of that during the 2017-2018 ICO boom, where companies were able to scam for millions.

You are probably easily able to create a token, smart contract and website for less then 100 dollars, and then you can copy a whitepaper or pay someone to do, and then start promoting it via your tokens and bounties. Basically can get a scam up and running for less then 100 dollars.

The hunters must try to educate themselves to know more about this. I found some services too. Even a freelancer website is being abused by scammer.

I would guess that most people on fiver understand they are providing a service to a scammer.

[nasipadang]

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.

Concepts and ways of thinking like that, why tokens that really have the quality of the development of blockchain technology are often not appreciated. Last year when the ICO trend was very high the concept emerged as you said it was, by attracting investors by making tokens that are quite easy and the benefits provided were large, and there was ICO scam. ICO is now much avoided by investors and is more inclined to IEO because its authenticity is guaranteed by the exchanger site.

[BlackFor3st]

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.

Yeah, this is the reason why plenty of scrap projects are launching everywhere because they can easily create their own token then they just do the rest like marketing,whitepaper,roadmap,team and etc.

Just to make their project a legit one even if their main purpose is to run away any investment money that they can gain from it's launch. This kind of wok will surely ruin the reputation of genuine projects.

[CryptoBry]

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 am not surprised at all that it is now so easy to start an ICO project and with $50 starting cost, anybody can start the ball rolling and get people (a team) to make the project a little bit attractive and start promoting in social media perhaps first giving some free token airdrops to generate some buzz. However, I think that more and more people are already educated on how things here world and with many people who got burned in 2017 and early part of 2018, we are all discerning as to what constitute a real project and just a plain scam.

Of course, there will always be exemption to any rule or common understanding so some newbies and greedy personalities can still be enticed. This can be the reason why we always now dealing with new project under the auspices of a reputable crypto exchange -- the IEO way of crowdfunding. I already considered ICOs as dead as most people frown upon projects introduced that way. The message here is clear: No more ICOs, please.

Now, I am hoping that soon I can find a good Fiverr seller offering an IEO in a good exchange. At least, that can be better and not a bitter taste of a pill to swallow.

[Dewao]

That is why i look project from it's product. My perspective is, when they have no product yet, they create ICO to make their ideas get realized. It means they only rely on investor's money or maybe not have back up from their own money.

same with me  no real product ready is look like they just want to raised funds the serious project should have a ready to use product and the fund the they will raised is just to help the project to be bigger.

[monineklutak]

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.

it has been like this for a long time, people are trying to make fraud through ICO, but now the system is different, namely IEO and now much better,
because IEO was bought from an exchange not from the ICO website,
now what we have to examine is how the strength of the project itself, and who the members are in it, and certainly if they have a license that is also good,

[J1mb0]

This is a fact and has existed for a long time, so fraudulent ICOs became popular and people lost faith in ICO projects. In my opinion, there is a need for close supervision from a professional organization

[Apes]

it turns out it's easy to make an ICO scam only with $ 50, with $ 50 you have got a complete package to start fraud, this work can be done by one person without having to mobilize a team, because it cheapness will be a lot of fake projects that use this service,
meaning it needs special supervision on the bounty. did anyone know how many are campaign that use this service.

[Pearls Before Swine]

Not saying that all of the tokens are of this type but most of them are of indeed.

You are on the money there.  I already knew the barrier to entry into the ICO field was low, but this is just ridiculous, and doubtless the individuals/groups that take advantage of this sort of service are not going to be creating projects they think are going to be valuable in any way.

Anyone here besides myself think that ICOs have jumped the shark at this point?  I mean I can just see them dressed up in a leather coat with slicked back hair on jet skis right now, and if I'm right this probably means that the days of bounty hunting are almost over.  This kind of crap cannot go on forever, because I hold the fundamental belief that people are not *that* stupid and can't be tricked over and over indefinitely.

This is a fact and has existed for a long time, so fraudulent ICOs became popular and people lost faith in ICO projects. In my opinion, there is a need for close supervision from a professional organization

Yeah, but I've never seen anything like this.  You know it's bad when services like this start popping up.

[Bitbtc8]

new coins, new tokens and new exchanges have huge problems mostly, many projects are here to raise fund and new exchanges are here to conduct IEO to get big money, new projects and new exchanges can't be trusted, thank God that big exchanges are the third parties between projects and investors, if not the results will be more disastrous

[gensol]

This is what we face daily for as little as   $50, posts of funds are lost to scammers. Probably they should be a means of checking most of the ICOs or IEOs coming up because daily they abound in the space.

[ivakar]

it turns out it's easy to make an ICO scam only with $ 50, with $ 50 you have got a complete package to start fraud, this work can be done by one person without having to mobilize a team, because it cheapness will be a lot of fake projects that use this service,
meaning it needs special supervision on the bounty. did anyone know how many are campaign that use this service.

the cheaper it becomes, the more projects appears and more people got scammed and as final result, less and less people will go into it.
seems like natural regulations. but that is also means that scammers will launch new HYIP project soon to scam people

[jessyj48]

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.

So it only takes 50$ to create an ICO website? no wonder scammers are growing big in crypto space, no wonder Erc20 tokens ars mostly useless and garbage projects, this is why i warned people about tokens, all the listed coins on cmc 80 percent are tokens and almost all of them are scam projects, thanks for sharing the link i will spread this out as possible

[MCDev]

Thanks for your link.
It's easy to create a coin or token, so scam projects are everywhere. Up to now, people no longer believe in ICO projects.

[Mike Mayor]

THat's nothing. You can basically buy a "scam in the box" ready to scam away. You get ICO creation software. All you do is like you say to make the social networks and copy and paste the bounty just like every other bounty does.

Have a look https://codecanyon.net/item/icowallet-ico-script-complete-ico-software-and-token-launching-solution/23203151

Basically write fluff change the theme make some social media and fake bounty. Everything is copy-paste so it can be put up within an hour. It is disgusting. They do nothing and earn so much. There are actually projects out there trying their hardest and these guys come and do this.

[o48o]

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.

These kind of services have roots way before when eth icos were a thing. Back then people had services that they will make/fork a simple coin for you (i think that they still offer those). And because lack of ico funding models there were lot's of pump & dump schemes to make money instead. Interesting to see what they will come up next as they always find a new way.

[Rampagoe004]

It turns out that it is very easy to make tokens on an ICO and there is not much capital spent so it is very easy for fraud projects to occur like they are now without work but can produce so much, this is the problem we have to solve so that the ICO scamer project does not grow and become more rampant.