How to create money out of thin air

[pooya87]

You know slp there are third app party that accepts slp as payment for electricity, water, Internet bills, buy mobile load and many more. Ive tried it myself and I'm paying altcoin tokens.

Selling your token to a centralized service with bad exchange rate which will then convert it to fiat and pays your bills on your behalf while possibly taking additional commissions is not called a utility for that token.

[worle1bm]

This is a pretty obvious scam, though a lot of people will probably get scammed

How dude? If you got free tokens to sell how come you got scammed? Maybe what you mean if this project turn out to be scam in the end.

You get scammed if you buy or trade such tokens, and a lot of crypto traders jump at every fresh token without even looking at details, because they think they will reap massive profits from being early investors. Some people will buy those tokens back after dumping their aidrop, hoping to make a profitable trade. The point of scammers is to create an active market and manipulate it, so they can dump their premine at the right moment.

That's the point where they get scammed in hope of earning high profits from these tokens and loose the funds because these tokens have no purpose to serve and are just another attempt to scam you but people get in the flow and invest the money in them which is worse decision at last.

[cryptoaddictchie]

You get scammed if you buy or trade such tokens, and a lot of crypto traders jump at every fresh token without even looking at details, because they think they will reap massive profits from being early investors. Some people will buy those tokens back after dumping their aidrop, hoping to make a profitable trade.

Well I'm not gonna trade the tokens and buy back after I sold my airdrops. I'm not gonna do a risky trade, but just going to rip the free money given to me once its highly appreciable.

Selling your token to a centralized service with bad exchange rate which will then convert it to fiat and pays your bills on your behalf while possibly taking additional commissions is not called a utility for that token.

Whatever dude. For us who played axie and uses that can be called a good service or utility for us since we can use that for our own benefits. Maybe just try your own definition. You clearly a fud to alts whose trying to innovate. Stick on btc dude that's better.

[libert19]

..I wonder how will take it's toll for those who doesn't receive the airdrop yet buy the token in the market, that's a lot of pain to take tbh if this one takes another rug pull.

For minnows even claiming this drop is not worth it, you might make it in claiming if gas fees are low enough however if you try to sell (uni, sushi), it would net you loss.

People who bought in start are already down significantly.

[Welsh]

I kind of wish that someone had the patience to monitor every thread created in the Altcoin section, then determine whether the project was a scam, successful or unsuccessful in their goals. I know the criteria for success could be a little difficult to create, but I think it could be helpful to put it into perspective for new users registering, getting excited at false promises, and then hopefully avoiding the common pitfalls because of it. Though, I know this is an impossible project that would likely need a lot of people working collectively, since this quote probably applies to 99% of the unsuccessful, and scam criteria:

In other words another altcoin/token was created.

[gurunanakji777]

Yes, I agree one must be very careful about such projects. 30B is a big amount that has been held by 25 anon teammates. They can sell anytime they wish to so investors must calculate the risk and should not be greedy once in profit should take out their principal amount and trade on profits so that if is there any rugpull he/she won't repent.

[terrorJR]

a project that looks pretty good with profits everywhere but in the end there is still no clarity and only benefits a few parties there
They have just been released and are already overhyped and I personally wanted to be in them at first but if you look at the whole thing its certainly too dangerous a trap to be there.