New generational scamming system in form of airdrops

[Ever-young]

Lately, I have come across fake airdrops which they requires users and participants to perform some task and promote their project and at the end they will pay them with their free token which will be airdrop to their wallet which the price and value of the token most of the time shows on the users wallet.
My question here is how do the airdrop owners use in sending a locked token to users wallet?
How come they list the token on exchange other than Dex like Bitmart, Bitforex etc?
What do the projects owners gain from such airdrops.
Example of such toke s are
1. Terk
2. Metamusk
3. Menerum Bsc
4. MetaUFO
Etc.
And most it this tokens promise participants a certain period of time when the token is going to be unlocked 🔓 but it never happen.

[ryzaadit]

Hi, this is not new at all.
1. Why the developer can send a locked address? it's simple, they're the owner of that token. They can whitelist which addresses are eligible for sending the token.
2. Coin Explorer Provider Update Information : A long tome ago, a website like "Etherscan" not really check at all for the update information. As long they're sending a correct information, then they will update the information.
3. Stunt program : Some of project using this method for their stunt program, people see a big money estimation but actually is not the real token. They need to use their service first, pay some money, etc to unlock the token.

[Ever-young]

Hi, this is not new at all.
1. Why the developer can send a locked address? it's simple, they're the owner of that token. They can whitelist which addresses are eligible for sending the token.
2. Coin Explorer Provider Update Information : A long tome ago, a website like "Etherscan" not really check at all for the update information. As long they're sending a correct information, then they will update the information.
3. Stunt program : Some of project using this method for their stunt program, people see a big money estimation but actually is not the real token. They need to use their service first, pay some money, etc to unlock the token.

In most of the tokens even when users pay money and spend  gas fee they still don't unlock the token they just end up charging users fee until the person run out of gas..
A good example of such token is Terk token where they require users to unlock 🔓 their token on their site and they are charged busd they on all approval until they run out of busd on their wallet and they will not allow them to click on the claim button ✅.

[roslinpl]

Now a days nearly ninety percentage of the airdrop are fake.So you should aware about it. Mainly you need to do background verification of the airdrop.If you think, you had enough time for airdrop.And trying of 4/10 will be original. Then you need to rethink you opinion. Every minutes is dam important in your life. Keep use of time wisely to earn huge money.Sometimes your time will not in your control, at that time be quite. Because time will cone to change your entire life.Better have a try of bounty's to earn some good tokens.

[kaya11]

Lately, I have come across fake airdrops which they requires users and participants to perform some task and promote their project and at the end they will pay them with their free token which will be airdrop to their wallet which the price and value of the token most of the time shows on the users wallet.
My question here is how do the airdrop owners use in sending a locked token to users wallet?
How come they list the token on exchange other than Dex like Bitmart, Bitforex etc?
What do the projects owners gain from such airdrops.
Example of such toke s are
1. Terk
2. Metamusk
3. Menerum Bsc
4. MetaUFO
Etc.
And most it this tokens promise participants a certain period of time when the token is going to be unlocked 🔓 but it never happen.

They want attention and once you are interested then you have taken the bait. So neglect it and continue on, this another scamming procedure is just starting and there are maybe other ways too. So if there are new you just have to let the forum folks here know. There are no free money in this moment of time, unlike it was just starting (Crypto Currencies), and it is getting worst so we just have to bare with it and be a keen observer whether the projects we are into are worth to be trusted.

[ryzaadit]

-snip-

Pay is for type token of stunt program.

If not wrong, there has some spamming token from exchange called "Minereum". They sent a token with their real token price, while they're spamming everyone with their stunt token. So, people will check their token because there has some estimation.

In reality, you need to pay to unlock and not 100% token is being unlock.

[Lagduf]

honestly here, if you ever come across any form of airdrops that requires you to get charged before having the chance of unlocking the token which actually you are deserving because you earned the tokens from doing some tasks told by the airdrops program then you better off avoid them.
I mean you’re supposed to get the token you deserved without getting charged even a cent and I think any airdrops that charges you are just a blatant scams, there has been many cases of this and anyone should never fall for scam airdrops.

[Yamifoud]

This is not a new thing in airdrops, they ask you to comply with some tasks in the exchange for rewards (useless).
Well, of course, they will promise something that could encourage you from joining like,
 * high price after launching
 * your stake tokens will grow after a few months
 * unlock tokens
 * back-up with know exchanges

They will spend the effort on their fake airdrops just for the sake it will look promising but in the end, they will only disappoint you. Much worst if you are asked to do KYC on their platform for some $$$.

[albon]

honestly here, if you ever come across any form of airdrops that requires you to get charged before having the chance of unlocking the token which actually you are deserving because you earned the tokens from doing some tasks told by the airdrops program then you better off avoid them.
I mean you’re supposed to get the token you deserved without getting charged even a cent and I think any airdrops that charges you are just a blatant scams, there has been many cases of this and anyone should never fall for scam airdrops.

Yes, I agree with you. Of course, it is a scam. I received Minereum coins a while ago from the airdrop, and the price of the amount of coins I had was equivalent to 12 thousand dollars, but I couldn't transfer them from my wallet unless I paid a huge amount of fees from Matic coins, and after a while, I found a comment From someone who paid this fee and couldn't transfer their coins from the claimed address and It turned out to me later that it was a scam so everyone should pay attention.

[Rengga Jati]

Hi there.
Well about this case  I don't think that it is a new way of scamming.
Scammers have been using this way since the past.
Using airdrops is the easiest way to deceive the newbies ir partixioants. The scammer team is very profesional. Commonky they have created a telegram group with many members and ithers, doing airdrops by sending many tokens in amount. And they make some requeeurment if we want to unlock or sell the tokens (which is it is actually fake because it is never tradable).

In this case, we need to remember:
1. Never trust anyone
2. Never trust any fake developer that require us to do such suspicious things related to get money fron this
3. A good airdrop will not require the members to send any funds to the wallet
4. Never give our private data to the people although they say that it is importabt to do. Because if so, they are absolutely scammers. Moreover if they ask about pasword, pin, phrase, private key and other similar things
5. Let the tokens in our wallet be in the wallet  we cannot remove it I think. But we don't need to try sellong them because they are unworthy and fake.
6. Sometimes, they are too good to be true, with very high promises. But never believe it easily

[ardydyon]

Lately, I have come across fake airdrops which they requires users and participants to perform some task and promote their project and at the end they will pay them with their free token which will be airdrop to their wallet which the price and value of the token most of the time shows on the users wallet.
My question here is how do the airdrop owners use in sending a locked token to users wallet?
How come they list the token on exchange other than Dex like Bitmart, Bitforex etc?
What do the projects owners gain from such airdrops.
Example of such toke s are
1. Terk
2. Metamusk
3. Menerum Bsc
4. MetaUFO
Etc.
And most it this tokens promise participants a certain period of time when the token is going to be unlocked 🔓 but it never happen.

In an airdrop project like this, it's familiar to me, who has been an airdrop hunter for a long time.
users and participants to perform some tasks and promote their projects and in the end they will pay them with free tokens.
Some of these tokens can be sold at high prices and some are scams.
wallet owners who take part in the airdrop will of course get the coins they promote as payment. if the project is good it will have a good price and can be sold in the market.
then you will get money if you have swapped the coins.
of the 4 tokens Terke, metamusk, menrum bsc, this metafo is a small part of the tokens in the airdrop.
I think these 4 tokens will be able to be sold if they have a good price when they are released to the market and you can benefit from the tokens.

[Baofeng]

They have total control of the tokens since obviously they developed it. And if you look at the name, it simply smells like a scam to me. Metamusk? what the hell is that project?

In any case, and hopefully others will not fall for this kind of name baiting, because there could be some newbies that might fall for this trap in thinking that the name itself might be related to the original successful project "Metamask".

[AmoreJaz]

They have total control of the tokens since obviously they developed it. And if you look at the name, it simply smells like a scam to me. Metamusk? what the hell is that project?

In any case, and hopefully others will not fall for this kind of name baiting, because there could be some newbies that might fall for this trap in thinking that the name itself might be related to the original successful project "Metamask".

poor attempt of these scammers and yet, many users are taking the bait because they don't know any better. as there are so many newcomers in this market, they forget to make a quick search of legit crypto sites. if a site is offering too-good-to-be-true rois or any kind of profit, doubt their legitimacy. most of these fraudulent sites are after for these naive users who are tempted by high profits. for sure, that metamusk will soon turn to be a fraud site.

[Ever-young]

Lately, I have come across fake airdrops which they requires users and participants to perform some task and promote their project and at the end they will pay them with their free token which will be airdrop to their wallet which the price and value of the token most of the time shows on the users wallet.
My question here is how do the airdrop owners use in sending a locked token to users wallet?
How come they list the token on exchange other than Dex like Bitmart, Bitforex etc?
What do the projects owners gain from such airdrops.
Example of such toke s are
1. Terk
2. Metamusk
3. Menerum Bsc
4. MetaUFO
Etc.
And most it this tokens promise participants a certain period of time when the token is going to be unlocked 🔓 but it never happen.

In an airdrop project like this, it's familiar to me, who has been an airdrop hunter for a long time.
users and participants to perform some tasks and promote their projects and in the end they will pay them with free tokens.
Some of these tokens can be sold at high prices and some are scams.
wallet owners who take part in the airdrop will of course get the coins they promote as payment. if the project is good it will have a good price and can be sold in the market.
then you will get money if you have swapped the coins.
of the 4 tokens Terke, metamusk, menrum bsc, this metafo is a small part of the tokens in the airdrop.
I think these 4 tokens will be able to be sold if they have a good price when they are released to the market and you can benefit from the tokens.

Those 4 tokens are already listed but are currently locked on the users wallet and the price of each token is currently showing on my trust wallet.
Check on the image below to confirm my prove, but none of this tokens can be sold.



And many others, this tokens are valued but locked 🔐 forever and can't be exchanged.

[adzino]

Lately, I have come across fake airdrops which they requires users and participants to perform some task and promote their project and at the end they will pay them with their free token which will be airdrop to their wallet which the price and value of the token most of the time shows on the users wallet.
My question here is how do the airdrop owners use in sending a locked token to users wallet?
How come they list the token on exchange other than Dex like Bitmart, Bitforex etc?
What do the projects owners gain from such airdrops.
Example of such toke s are
1. Terk
2. Metamusk
3. Menerum Bsc
4. MetaUFO
Etc.
And most it this tokens promise participants a certain period of time when the token is going to be unlocked 🔓 but it never happen.

Nothing new. Those aren't decentralized tokens. They can unlock the tokens for themselves and send it as an airdrop which also means that they can lock the tokens whenever they want and sell their tokens and exit with all the profit. So it is never safe to invest in those tokens. Most of them will end up scamming their users. Avoid those tokens. Not even worth collecting those tokens as an airdrop. If you do receive them, sell them as soon as you can.

[yhiaali3]

There are many different types of fraud in the world of Crypto so you should always be careful, especially the tokens that you get to Binance wallet because of the low fees where fraudsters create fake tokens and you have to pay them big fees for transfer or proof of these tokens and these fees are transferred to their wallet and thus they earn money By transferring these fees paid by dozens of users who hope to sell these fake tokens but are unable to sell them in the end and lose the fees. There are dozens of these tokens in my wallet but I avoid them.

[isaac_clarke22]

~

Obviously just from the logo and the names of these, I can see that they are not serious about what they're doing anyways especially MetaMusk, really? They can just claim any day that they are decentralized so that people can feel the comfort of false freedom, but no they still have the means to lock it whenever they wanted.
This is nothing new, OP. It is just like one of those IEO airdrops back in the days.

[jrrsparkles]

Lately, I have come across fake airdrops which they requires users and participants to perform some task and promote their project and at the end they will pay them with their free token which will be airdrop to their wallet which the price and value of the token most of the time shows on the users wallet.
My question here is how do the airdrop owners use in sending a locked token to users wallet?
How come they list the token on exchange other than Dex like Bitmart, Bitforex etc?
What do the projects owners gain from such airdrops.
Example of such toke s are
1. Terk
2. Metamusk
3. Menerum Bsc
4. MetaUFO
Etc.
And most it this tokens promise participants a certain period of time when the token is going to be unlocked 🔓 but it never happen.

Team will allocate the tokens for airdrop purpose when they allocate total supply so they're sending the tokens which are created for the purpose of marketing. The project controls the entire project so they run on other blockchain but they simply control everything so it's possible for them to send whenever they want.

Listing a project on exchanges varies from one to another, for example in the exchange you mentioned there is no criteria while exchange like Binance needs certain trading volume along with huge fee.

[Psynthax]

snip

that's a marketing technique to get attention from the users. When the airdrop participants received amounts like that and they will be starting to talk with themselves whether they can withdraw it or not. So, when you are aware if the tokens got vested or locked and about how long it was getting locked and you can ask the owner of project in the official telegram group that managed officially by the owner of tokens. They only the party that can tell you about how long it was getting locked.
It's scam token and yeah the price may be manipulated as well. You can copy contract and check liquidity