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Bttzed03
Legendary
Offline
Activity: 2114
Merit: 1149
https://bitcoincleanup.com/
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October 29, 2019, 11:47:41 AM |
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Based on their telegram, the official contract address is https://etherscan.io/address/0x8c50d40245c98c7563b4d33a59998bad912a7d4cIt's not that hard to create erc-20 tokens but I don't understand why they have to create two. It's also a concern that they haven't responded to your question yet. You have to monitor if there will be a movement on that other contract address.
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SamboNZ
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October 29, 2019, 11:49:53 AM |
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lots possibilities scammers trying to create a fake token that they can use it for future scamming or the developers made a test token. Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
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Palider
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October 29, 2019, 01:11:13 PM |
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lots possibilities scammers trying to create a fake token that they can use it for future scamming or the developers made a test token. Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
If they change their smart contract then they should immediately burn the old one so that it does not move in circulation. The same thing I see in my wallet sometimes it doubles and eventually disappears as well. So you have to ask them exactly what their purpose is and why they have two smart contracts.
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Flangler (OP)
Member
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Activity: 963
Merit: 57
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October 29, 2019, 01:28:46 PM |
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lots possibilities scammers trying to create a fake token that they can use it for future scamming or the developers made a test token. Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
If they change their smart contract then they should immediately burn the old one so that it does not move in circulation. The same thing I see in my wallet sometimes it doubles and eventually disappears as well. So you have to ask them exactly what their purpose is and why they have two smart contracts. The problem is that they do not want to ...
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DabsPoorVersion
Sr. Member
Offline
Activity: 1260
Merit: 315
www.Artemis.co
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October 29, 2019, 02:20:04 PM |
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lots possibilities scammers trying to create a fake token that they can use it for future scamming or the developers made a test token. Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
If they change their smart contract then they should immediately burn the old one so that it does not move in circulation. The same thing I see in my wallet sometimes it doubles and eventually disappears as well. So you have to ask them exactly what their purpose is and why they have two smart contracts. The problem is that they do not want to ... Further explanation from the devs is needed for this, if there are no answers provided, you should doubt the legitimacy of the project. Having 2 or 3 smart contract is not normal. As yourself if you will still continue to become part of it. Firts of, they should be active in their telegram channel to provide answers and updates, if this was not met, it means that the team is not responsible enough to launch the project.
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slashz9
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October 29, 2019, 02:42:53 PM |
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maybe the another one for backup, but i dont really know why they make it. i have join some project about one year ago, and they make the new smart contract for their token, so while i hear their token going to list exchange. I cant sell my token, i see on website smartcontract is different from my token, becarefull with that project, maybe the same thing will happen.
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angrybirdy
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October 29, 2019, 03:00:10 PM |
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maybe the another one for backup, but i dont really know why they make it. i have join some project about one year ago, and they make the new smart contract for their token, so while i hear their token going to list exchange. I cant sell my token, i see on website smartcontract is different from my token, becarefull with that project, maybe the same thing will happen.
There are some projects that change their smart contract, but they give an announcement for their participants. They will collect all the coins and exchange it with a new smart contract. The old coins will be burned after that. In this case, it is different. Having multiple smart contract should have an explanation. It is something to be announce and cleared by the developers.
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Rodeo02
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October 29, 2019, 03:05:39 PM |
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lots possibilities scammers trying to create a fake token that they can use it for future scamming or the developers made a test token. Also there are times when the creators made a mistake in the smart-contract and needs to be revised then they create another token which has the correct contract.
If they change their smart contract then they should immediately burn the old one so that it does not move in circulation. The same thing I see in my wallet sometimes it doubles and eventually disappears as well. So you have to ask them exactly what their purpose is and why they have two smart contracts. The problem is if the token already distributed to investors before they change the smart contract they can only burn the token they have from the old smart contract. There are many reasons why they have 2 smart contract there is also possobility that the other token just use the same ticker but different project.
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cudora
Copper Member
Jr. Member
Offline
Activity: 336
Merit: 3
Cryptoknowmics - World's First Decentralized Media
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October 29, 2019, 05:01:33 PM |
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There can be various scenarios. But the most common one is that they just did a token swap. A lot of projects are creating a new smart contract for more safety, to reduce the total cap, to attract new audience and a bunch of other factors.
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CryptopreneurBrainboss
Legendary
Offline
Activity: 2394
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
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October 29, 2019, 07:44:52 PM |
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Why then are you promoting the exchange through your signature when you're not sure what you're promoting isn't a scam due to your past experience. Your question would be best answered by the developers so I recommend you take this question to them on their group chat and when you do get a response kindly update your OP with it for some clarification incase similar question is been asked on the forum for me to reference your thread. Here are some possible reasons though; - The second and other smart contracts are probably from scammers disguising themselves as the main project to scam Investors. I.e the other smart contract are fake since it's quite easy to create a new project with similar identity as previous projects with ethereum blockchain.
- The project just recently swap tokens i.e they move from the old smart contract to a new one for reasons best known to them.
- The project has different types of ethereum based tokens e.g Erc20, ERC-223, ERC-721, and ERC-777 standard tokens. Some project operate with different types of tokens either on the same blockchain or different blockchain. Your ethereum wallet are capable for this different type of ethereum based tokens so you might not notice they're different.
These are just some absorption but like i previously said, the developer are those in the right position to give you an accurate answer therefore contact them.
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Classica35
Jr. Member
Offline
Activity: 518
Merit: 3
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October 29, 2019, 08:51:02 PM |
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This calls for serious suspicion and should be well checked. Although, we cannot come to the conclusion that it is a scam project. It is also possible that they might be carrying out their investigation, not knowing what to say now, until there is light to it, because if it is true, it is more like they are implicating themselves.
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tenakha
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October 30, 2019, 03:19:20 PM |
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If both addresses are theirs, investigate. But do not get the idea that they are just scam without knowing what it is. As friends have indicated, there is only one address in the telegram. Maybe they re-created another one because there was something wrong with the first one. Besides, wait until you get an answer to your question.
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wajik-tempe
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October 30, 2019, 03:24:53 PM |
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I've experienced investing in a project who have 2 smart contract. At that time they converting their tokens into new smart contract, then we'll have the same amount of tokens and the same name but with different smart contract. The old token price become worthless and not recognized. So, i think they're just converting their tokens into new smart contracts for some reason
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Nivia1st
Full Member
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Activity: 821
Merit: 100
Volare.network
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October 30, 2019, 04:48:47 PM |
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my advice is better to leave a project like that. I see this project as a Scam project. might be normal if the project has 2 smartcontrac on two different blockchain. but if it's on one blockchain, this might be a problem. so it's better not to pay attention to projects like this.
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ivaf
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October 31, 2019, 06:45:28 AM |
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In fact, it’s okay if there are several smart contracts. But in this case, you should either get a response from the project team, or leave this project and forget about it. Because in this case, both smart contracts are used to manage the same token. This is alarming.
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shinratensei_
Legendary
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Activity: 3234
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
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October 31, 2019, 12:56:35 PM |
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Your post has already answered OP's question about that but so many people here are still confusing about that which doesn't make sense to see that. They must remember if anyone can create a new smartcontract. I believe those contracts created by scammers. So many scammers these days are using this method. You have posted a valid coin but that needs additional information if smartcontract opened for the public. The token address can be issued anytime with used the same ticker. But to verify which is the correct address must be talked with the developer itself. I hope people in this place will not give a nonvalid assumption before try to check itdirectly. This kind of trict has already used by scammer to create a new coin and then make the supporters are feeling confusing which is a real contract.
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Pet240
Jr. Member
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Activity: 486
Merit: 3
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October 31, 2019, 03:24:45 PM |
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Several projects have done similar thing in the past, yet there was no problem, although, some did it to scam. However, since Javi_Anibarro has made further enquiry to get a proof, which might be a reference point in future, it can be used to give proper judgement. The case should rest for now, until the team does otherwise.
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