Reality of tokens

[danielchris]

Although there are many different types of tokens in the market. But the same way we can see scammers are also active.so we should be  aware always.

[1714537516]

1714537516

[1714537516]

1714537516

[1714537516]

1714537516

[1714537516]

1714537516

[1714537516]

1714537516

[albrots]

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.

from 2018 to 2019 the scammer project is indeed increasing and increasingly sophisticated the way they use to deceive new investors. With just $ 50 capital, you can make an ICO that looks original and gets funds many times the capital spent to create a website and ERC-20 token. Novice investors are always trapped and support ICO scammers because they don't want to learn and don't do research first. The way to eradicate a scammer is with our own awareness to learn more and report any of your findings about the Scam Project or fake.

[daarul50]

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.

so all of these scam ttoken project-based atempts are ethereum fault?

as erc-20 are belong to ethereum platform and many abusing it due how easily creating tokens without any strict requirements , other platform as you mentioned above have more strict requirement which it is part of an effort to fight these scam attempts.
actually you can minimize the risk get scammed by those fake projects by looking at how long the project has been exist , if it was running for years then that is a promising serious project , mostly the ICO itself is a new project that not exist before , this add more risk to you.

even though not all the new project are bad , choosing a project that has been exist before and tokenize their project is the prefer one for me, obviously they are serious real project since begining before even the token era.

[HammadAli]

Although there are many different types of tokens in the market. But the same way we can see scammers are also active.so we should be  aware always.

Scamming was always there. Ignorance of people has made it way more simpler to do it.

[nakata121]

Although there are many different types of tokens in the market. But the same way we can see scammers are also active.so we should be  aware always.

Scamming was always there. Ignorance of people has made it way more simpler to do it.

It has become normal where money is circulating, there will always be frauds, no exception for us crypto traders and bounty hunters, we must always be careful in choosing the altcoin we want to invest in so as not to get caught up in fraud and in joining the bounty project, it's better to do some research before deciding to join a bounty project.

[enhu]

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.

The projects that were almost gone today are still up and running. It its been purged, they should have been delisted to the exchanges. Somehow the users creating tokens and buying the service from fiverr may up to no good but their coins I'm afraid could go into the exchanges if its not going to be prevented.  Its going to be much worse if exchanges are going to ask $50 just to be added on the market as well.

[confreslamp]

It is very cheap to treat people nowadays, so be aware. Always check the whitepaper and invest only in projects that can provide a working product with a real use case, that can be helpful for society, otherwise you will lose your money.

[landoffaucets]

It is very cheap to treat people nowadays, so be aware. Always check the whitepaper and invest only in projects that can provide a working product with a real use case, that can be helpful for society, otherwise you will lose your money.

Where are the days when everyone here earned thousands of dollars per month in a signature campaign? When newcomers bought every hyped token from us? Now people are not even buying tokens from reputable exchanges. Do you think that next bull run will also affect the ICO market?

[Omega Weapon]

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.

It is now easier than ever for anyone that is interested to create their own tokens but at the same time this has decreased the demand for icos as there are so many of them that many do not know where to invest their money, so scammers that in the past could get millions of dollars very easily are now finding that just getting a couple of hundreds of dollars is becoming really difficult, and I am glad since it was about time those scammers stopped profiting from the naive in this market.

[HammadAli]

It is very cheap to treat people nowadays, so be aware. Always check the whitepaper and invest only in projects that can provide a working product with a real use case, that can be helpful for society, otherwise you will lose your money.

Where are the days when everyone here earned thousands of dollars per month in a signature campaign? When newcomers bought every hyped token from us? Now people are not even buying tokens from reputable exchanges. Do you think that next bull run will also affect the ICO market?

Yes it will effect. But the magnitude depends upon the behaviour of people whether they want to learn something or not.

[Ayiranorea]

Reality of Tokens

• Grows following the growth of the platform over which it is developed
• In most of the projects the tokens were developed on smart contract
• If the project has the product it automatically continues in circulation
• Projects go as a scam when they don't have anything to back
• Tokens from established firms mostly won't get away from use

[leavolnhals]

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.

Yes, I have discovered this problem for a long time and since then I have invested less in ICO projects. There are many tricks to cheat and you should be careful. Especially the fake contract addresses created after the main projects. Ask the admin about the contract address to make it safer to deposit your money to any wallet address. because when we make the wrong add contract address, our token will automatically send to another address instead of our real address. Please be careful.

[(o)(o)ilikeboobs(o)(o)]

that's the dark side of cryptocurrency
people with very minimal understanding could still create a new coin, and offering people with high interest, then disappear with their money.
you can't avoid that, just make yourself smarter

[HammadAli]

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.

Crypto has to be fair for acceptability. Otherwise this will lead it into a dead end.

[SolarWindMiningCompany]

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.

In most cases, the project owners have raised enough money for themselves and the purported development, that is why they don't care about exchange price and how well token prices goes for investors (good or bad). It is the sad reality of humans which tends towards greed and lack of empathy. I have served in the capacity of a project team member and all I pushed for was good token prices for investors