Reality of tokens

[Kodok Bencot]

The presence of tokens had brought a good direction for crypto, unfortunately now it's easier to make tokens so that many token-based projects are used for scam projects, and now many tokens are dead.

[wack slacker]

Compared to other platforms, creating a smart contract and token has a lower creation cost.  Looking at the blockchains of NEO and BNB, each contract is created and requires a huge amount of money.  For BNB it is 50,000BNB and NEO is 100 to 1000 GAS.  As such, every ICO project hosted on these blockchains is more serious.  But according to market rules, if a project does not have a large enough leadership and investor and strong partners, that project will soon fail.  Almost all projects organizing ICOs, IEOs and STOs have greatly reduced their token value.

[Kambal2000]

The presence of tokens had brought a good direction for crypto, unfortunately now it's easier to make tokens so that many token-based projects are used for scam projects, and now many tokens are dead.

This is the advantage and disadvantage as well, people has become aware and more aware of how much legit projects are earning, imaging those past years that even $100M worth of hardcap can be reached, so scammers find this opportunity to make them making a quick bucks instantly. With this, a lot of new project coming in, as they can write whitepaper easily as they can hire good writers, they can also make website easily, and they can also do marketing as there's a lot of marketing out there that can be paid after the campaign, so they took advantage of this.

[BRODIN]

yes that's the reason why so many projects today don't make sense, lots of fraud, and also look valid about their road map. because fraudsters always have thousands of ways to make a profit with this form of fraud, including the website that you shared above is clear about offering ICO making services for only $ 50 to make millions of dollars from ICO.

[Vishnu.Reang]

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.

The irony is that even now we have people who are ready to invest in these scam ICOs. The number of ICOs listing every month has fallen by 90% to 95% when compared to the levels we had in 2018. But even now, the majority of the ICOs look scams to me. First of all, it is the careless investors who are feeding these scammers by continuing to invest.

[Bitfling]

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.

There are many ways to deceive people and one of them is selling tokens from a fake project. For this reason, government regulation is needed so that things like this do not continue because if it continues, investor confidence will fade and this will affect new projects that are good and have prospects.

[princesspoppy]

This is how scamming works. Scammers hire good writers to write their whitepaper as well as marketing agents to publicize and advertise the campaign that may give them a million bucks if the project seems to be legit and promising. It's just sad that more and more people are engaging in this kind of activity - deceiving others in order to make money for themselves.

[Kezacky]

very ironic to see facts like this, scamers are always around us and even very alarming to see the site above, that's how the scamers work to deceive the victims. my advice to all of you to remain cautious and always vigilant before taking decisions in the ico project.

[Darlingtona]

Fact is, we now have fake team with fake tokens out there without adequate monitoring which hurts alot, this has taking many investors backward and tokens are everywhere without proper check which has brought Crypto market in general down a bit.

[henmark]

That is more than enough, as an investor you do not need to be fooled by scammers for a very long time as long as they can deceive you long enough for you to invest your money with them then they have accomplished their mission, scammers are not here in this market to develop anything they are here only to steal money from people and while it will only take an investor one scam to become a lot more careful that scam can be enough to lose all your money.

But this is not a good thing at all and I really do not know what can be done about this because most investors are now using that perspective to also judge virtually all the projects that is in the market, and even if you have a genuine intention now about a project, you will not find any investor to put money into the project and as a result of this, the ICO or toke market is gradually dyeing and leaving us with the already existing tokens, for the already existing tokens, only the top coins are worth investing in because most of the other tokens have developers that are not very much serious about their own project too and they might have even abandoned it.

Now, this is hurting bounty hunters so much as there are no much campaigns again in the market.

[Drai]

It is a lot more complicated than that believe me, investors are now so wise about these scams parading as ICOs and that is why it is quite normal now to see a lot of ICOs that packed up without raising a single cent in funds, just having an ERC-20 token and a generic website doesn't guarantee you anything, infact you might lose your $50 investment if you are not careful.

[mamahdedeh]

That is more than enough, as an investor you do not need to be fooled by scammers for a very long time as long as they can deceive you long enough for you to invest your money with them then they have accomplished their mission, scammers are not here in this market to develop anything they are here only to steal money from people and while it will only take an investor one scam to become a lot more careful that scam can be enough to lose all your money.

But this is not a good thing at all and I really do not know what can be done about this because most investors are now using that perspective to also judge virtually all the projects that is in the market, and even if you have a genuine intention now about a project, you will not find any investor to put money into the project and as a result of this, the ICO or toke market is gradually dyeing and leaving us with the already existing tokens, for the already existing tokens, only the top coins are worth investing in because most of the other tokens have developers that are not very much serious about their own project too and they might have even abandoned it.

Now, this is hurting bounty hunters so much as there are no much campaigns again in the market.

Prize hunters are in a difficult time right now, they are having a hard time getting good projects for reasons like what you said. few investors trust the project for now, they prefer to invest in clear coins, so don't be surprised if the volume of bitcoin is very dominant in the crypto market

[NewRanger]

That is more than enough, as an investor you do not need to be fooled by scammers for a very long time as long as they can deceive you long enough for you to invest your money with them then they have accomplished their mission, scammers are not here in this market to develop anything they are here only to steal money from people and while it will only take an investor one scam to become a lot more careful that scam can be enough to lose all your money.

But this is not a good thing at all and I really do not know what can be done about this because most investors are now using that perspective to also judge virtually all the projects that is in the market, and even if you have a genuine intention now about a project, you will not find any investor to put money into the project and as a result of this, the ICO or toke market is gradually dyeing and leaving us with the already existing tokens, for the already existing tokens, only the top coins are worth investing in because most of the other tokens have developers that are not very much serious about their own project too and they might have even abandoned it.

Now, this is hurting bounty hunters so much as there are no much campaigns again in the market.

Prize hunters are in a difficult time right now, they are having a hard time getting good projects for reasons like what you said. few investors trust the project for now, they prefer to invest in clear coins, so don't be surprised if the volume of bitcoin is very dominant in the crypto market

after scammed by many fake projects , now investors very carefully with their money.they really want to avoid repeat the same mistakes in the past. Main cryptocurrency now be their purpose to recover losses from shit projects.and now we see bitcoin dominance could hit on above 60% and almost all token price drop alot now.no more graders or investors dare to buy it for long term.

[ned.ryerson]

Fact is, we now have fake team with fake tokens out there without adequate monitoring which hurts alot, this has taking many investors backward and tokens are everywhere without proper check which has brought Crypto market in general down a bit.

Now the market is undergoing a transformation and cleaning itself from unnecessary projects and stupid investors. It will take the market a little more time to become clean and move on.

the market can never clean itself from stupid investors. they will always come and drain their money so than other people can make money on it. this is how the system works

[masterrex]

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.

That's why it should need a little researched before joining in any projects ICO's, Because some of them are just design to scam the unaware people(investors). Observe vigilance at all times Always consider that in cryptocurrency you should need to think twice or thrice before you join in any projects and invest with it. It just a cycle of repeatedly occurring problems in crypto industry so it should be stop. 

[krb91]

Without some form of regulation to prohibit the creation of tokens that offer no real value with the intention of defrauding people, people within the cryprocurrency space should arm themselves with appropriate knowledge of how to detect scam projects, avoid projects with unresolved scam allegations,  fake team members and any other potential red flag.

[nikki4]

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.

You are just giving so easy idea to scam people. Actually this is not so easy because you have submit real developers team. Now investment is so hard where before million dollars for one app. By experience person this can be done easily but if KYC is mandatory than you can do nothing.

[cryptothreads]

Fact is, we now have fake team with fake tokens out there without adequate monitoring which hurts alot, this has taking many investors backward and tokens are everywhere without proper check which has brought Crypto market in general down a bit.

Now the market is undergoing a transformation and cleaning itself from unnecessary projects and stupid investors. It will take the market a little more time to become clean and move on.

Market this year is having a purge of all altcoins and this is making scam projects more forgotten and some coins have zero volume at the moment. I think this year is really important for everyone because they will know which project is worth investing in this year. For me, scam project will not exist in the bear market and the investor will minimize a lot of risks.

Of course, you should also be more careful and carefully analyze before making investment decisions because there are still many new projects that are unclear and it will take a lot of time to wait.

[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.

These can be use into positive also especially if you have the idea of the product already but you don't have the skills to create or launch a token. But if your intention is to scam people in the first place, this will damage the image of crypto currencies further so it will be best if this kind of opportunity will be grab by good people.

Creating a token right now is very simple especially if it is an ERC 20, therefore there are plenty of shit projects out there that were launch for their own benefits and have a no concrete goal of a project.

[cotton ball]

Many reality of token have higher price when first time listing with exchange market and goes down after several week listed on market, the owner look not care about how down their coin after listing on exchange market, never want to buy back their coin to raise up with higher price later and always make price down.