The way things are going with new crypto is worrisome

[tsaroz]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

It's the beauty of open source and with many people involved, we would have many brains. Everyone should and would eventually realize that not every cryptocurrency or blockchain are the same. It doesn't mean the Scam102 coins would yield the same profit for you as Scam101 yielded for your friend. It maybe confusing and overwhelming at first but with high number of scam and stupid tokens, people would developed a higher sense of filtering sooner.

[TheUltraElite]

Yeah, There are a lot of scammers now, scan any wallet on bscscan you will surely find a fake token in the wallet. Actually now many websites are launched which launches tokens by just getting a little fee. We have to be careful from these fake tokens.

This trend will be going on and people have to make themselves aware of such scams to be able to avoid them.

Jumping into every new project that gets launched is a bad and risky habit that people need to understand and they are surely going to lose with the number of scams currently going on. Newbies make these mistakes often and they are suffering for that. Others should learn from them.

It is a point of concern but we have to learn to live with thiefs among us. Thiefs exist because humans are greedy and make mistakes.

[doctor877]

The issue is not the creation, the problem is that they just raise funds list on dexes and abandon the projects despite giving many promises in Whitepaper. That's why before you invest you should do proper research and more important you shouldn't invest more than you can afford to lose.

[Garsipop]

Tokens was created by the developers with making some investments.Newbie was very innocent people in the forum.They have to investigate before the investment,blind investment will not work anymore.Need to investigate about the new project team and verify it manually.The new traders should find the scam coin from the new listing coin.

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

[JackieAinsley]

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

Now cryptocurrency is very popular and a lot of projects appear every day. But among good and prospective projects there are many scams.
That is why it is necessary to check everything befor investing not to invest money in scams.

[Rasa nanas]

actually this is a fairly easy problem. everyone has the right to create their own crypto, so you also have the right to create your own crypto.
You also have full rights to choose which projects you will invest in, if you find a new project suspicious or the development team of that project is not competent in its field all you have to do is walk away from that project. Therefore this is where the importance of conducting an analysis before investing.

[Blank-Head]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Those who make tokens understand what he or she will be like in the future. And those who are new to look around so good token. Then with a twisted brain they decide that they will create a token and they too will start the journey in the marketplace. They do not know that new tokens / coins have to be present at all times.
but i can say with certainty that they can't do anything right. because, to do something good, you have to be good and efficient. they will never be able to come up with something out of the ordinary. one time you will become restless and stop everything

[ringgo96]

Currently there are indeed very many tokens present, but not only have the potential to benefit us in holding the token, and very many we find fraudulent tokens that only want to make a profit in investors who invest in their projects and this we often find, even some developers can not manage their contracts properly, and used to be very often the case in ICO projects until now is no longer interested by investors.

[uelque]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Yeah there are plenty of them who can create tokens without even a single knowledge of coding or solidity. It is mainly because the source code of any smart contracts are public and so most people can easily copy the source code and just pay small fees to create a token. That is the reason why most scam contracts are the same from up to end. And we can't do anything about that because that is how things work here.

The only thing we can do is be wise with our investments and choose properly a project that has the potential and having the team exposed to the public and not just a token that was made by anonymous group of people.

[FatFork]

Yeah, There are a lot of scammers now, scan any wallet on bscscan you will surely find a fake token in the wallet. Actually now many websites are launched which launches tokens by just getting a little fee. We have to be careful from these fake tokens.

This trend will be going on and people have to make themselves aware of such scams to be able to avoid them.

Jumping into every new project that gets launched is a bad and risky habit that people need to understand and they are surely going to lose with the number of scams currently going on. Newbies make these mistakes often and they are suffering for that. Others should learn from them.

It is a point of concern but we have to learn to live with thiefs among us. Thiefs exist because humans are greedy and make mistakes.

There is a growing trend of 3rd party services being created to simplify the creation of token to be used by an individual or company. This trend will be going on and on as the list of people doing things with smart contracts are growing. But all these are just technicalities that can make token creation less complex and potentially even easier than it was in the past.

But, the real value of token lies in what the token can be used for. These tokens can help a company to function better or make their product or service simpler for the people using it. The range of possibilities and use cases are as endless as the capacity of the imagination of a person.

Tokens are an exciting new thing to invest in, and although there are a lot of risks and uncertainties to deal with, they also offer great potential for a future return. The more you know about what's possible with tokens and their potential uses, the more chance you have of being successful and to make money from them.

[coin-investor]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

This is not really a cause of concern, Bitcoin is open-source if it's not an open-source there will be no decentralization that we are embracing, let them create coins, your duty to yourself and to the community is only to support coins with real usage and potential and can advance the cause of Cryptocurrency, blockchain, and decentralization, if all of us are educated on the right coins to invest these shit coins can't harm us and they will be gone the soonest that they are created.

[LaCucina]

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

Now cryptocurrency is very popular and a lot of projects appear every day. But among good and prospective projects there are many scams.
That is why it is necessary to check everything befor investing not to invest money in scams.

Cryptocurrrency market is very unstable and unpredictable. Also there are a lot of scams.
That is why it is necessary to check everything not to lose money on investing and invest in the projects that are really necessary for people and in demand.

[darewaller]

actually this is a fairly easy problem. everyone has the right to create their own crypto, so you also have the right to create your own crypto.
You also have full rights to choose which projects you will invest in, if you find a new project suspicious or the development team of that project is not competent in its field all you have to do is walk away from that project. Therefore this is where the importance of conducting an analysis before investing.

It is not really that easy to predict which one is a scam and which one is a legit. Why? Because, there could be some scam projects that spend a million dollars to convince people they are not scams, and when people see that much attention and advertisement and work put into something they automatically think "what if they are actually quite legit? Who would spend a million dollars on a project if they are a scam?" and then they get disappointed when it turns out to be a scam.

This is why I care about the situation a lot, I care about the fact that we need to actually check it beyond how much they work and how much money they spend on that project to figure that out.

[METASENS]

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

Cryptocurrrency market is very unstable and unpredictable. Also there are a lot of scams.
That is why it is necessary to check everything not to lose money on investing and invest in the projects that are really necessary for people and in demand.

Many people thing that soon cryptocurrency market will grow. Adoption of digital assets increase and more and more people use cryptocurrency.

[bussybuddy]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

Perhaps we live in this era where some of the issues surrounding the promotion of the development of an entire industry or field will also go through stages such as awareness, understanding, application, creativity, etc., so I always keep a more positive view of myself. It may be harsh, but such a purification will bring more progress to life and those who cannot adapt will be left behind.

[Outhue]

Qualified blockchain experts turned to experts after a few trials too so there is nothing wrong if a new dev plans to build his own crypto project but the problem is how determined they are, will they be able to stand on their feet if mistakes happens? So projects got hacked in the past and it doesn't stopped these projects from existing and growing whereas some stopped working after getting hacked.

[gabbie2010]

The issue is not the creation, the problem is that they just raise funds list on dexes and abandon the projects despite giving many promises in Whitepaper. That's why before you invest you should do proper research and more important you shouldn't invest more than you can afford to lose.

Unfortunately some of these scam tokens creators package it with a well define roadmap and whitepaper at the same time paid some influencers to help them advertise and market their tokens in such a way that it will look real in a bid to deceiving newbie investors whereas it's fake, even with proper research some investors can fall for this type of trick, it's take proper diligence and scrutiny before any investor would ignore such type of project, cryptos are not regulated that is why every Tom, Dick and Harry just wake up and start creating tokens just to make money fraudulently.

[monineklutak]

Almost everyone I knew now creates their own tokens   these guys aren't even crypto developers to begin with, they have no coding experience or knowledge now this makes me worry, imagine how many crypto tokens that are created by inexperienced personal, I think we need to buckle up for there will be huge rain of scam tokens upon us than what we've seen before...... Sigh! I wish that only few qualified people knew how to build blockchain projects.

there have been many crypto tokens that ended in scams, it has been around since cryptocurrencies first experienced the Hype,
there was one big coin that was Scam in 2017, I forgot the name, this has been the start of a fake project or a fake CEO started a crypto project,
moreover in 2021 many meme projects are coming, of course this is one of the years where token scammers are favored by investors, very sad

[purka5]

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

Many people thing that soon cryptocurrency market will grow. Adoption of digital assets increase and more and more people use cryptocurrency.

A lot of new projects appear every day but not projects are prospective and are able to bring profit.
It is necessary to have experience and knowledge to invest in right projects and earn money on them.

[TmHsHel]

The most important is to check how usefull is a poject and what tools it offer.
Now appear a lot of projects that offer useful tools to increase the profit like that https://twitter.com/UPGRADE_Tools/status/1508862493963259915

A lot of new projects appear every day but not projects are prospective and are able to bring profit.
It is necessary to have experience and knowledge to invest in right projects and earn money on them.

Many people carefully monitor the market searching for a new and prospective for investment projects to earn money on investments.