Learn from my mistake, these people aren't playing

[Cling18]

I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.

I'm sorry about what happened and it's clearly a mistake that you have trusted and invested in them just because of their name. You should have done some research right before you invested. Scammers will always do everything to deceive you and to make their project look as if it's legit and trusted so you better be wise and observant all the time so you will not fall as their victim.

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[hugeblack]

I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.

When alternative currency projects were created, they were intended to support developers and early investors by providing them with free profits, but projects such as OpenAI are profitable and do not need such support, and therefore all the symbols associated with them are fraudulent and will be deleted from all central platforms (due to scam and plagiarism) and therefore it is better to Avoid investing in it.

I hope you learned from this lesson and I am sorry for your loss.

[Blawpaw]

I made 10x from VIOT, a artificial intelligence project that I invested in some weeks back and I am excited about what's coming but today I made a terrible mistake, if you are on point with latest crypto news you must have heard that Microsoft is going after ChatGPT and OpenAI with up to 10 billion dollars ..

There is a AI project on coinmarketcap named OpenAI ERC token, I thought this token has something to do with OpenAI but I went ahead and bought some, later I started becoming curious and decide to do more digging.

I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.



The real OpenAI link is https://openai.com/
The fake OpenAI ERC link is https://www.openaierc.com/

Be careful out there famz, these scammers are not playing

You guys need to be careful. Today there are a lot of scammers always lurking for newcommers and unconcerned investors. In fact, this sort of scam is nothing new as this started once the token craze begun. There will always be fraudsters lurking so whenever you want to put money on a project, be sure to do your homework properly or else...

[Johnyz]

I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.

I'm sorry about what happened and it's clearly a mistake that you have trusted and invested in them just because of their name. You should have done some research right before you invested. Scammers will always do everything to deceive you and to make their project look as if it's legit and trusted so you better be wise and observant all the time so you will not fall as their victim.

This is why I always check its community if they are real people, and if they are really offering a real service and you can just easily search it if they have the same name, and if they have probably its a fake one. I experienced this before when I just started my crypto journey and its really frustrating, if you don’t want to waste money here better to trust good projects only and avoid any suspicious claims.

[lalabotax]

Sometimes there are people who are either lucky or have the ability to research such projects and end up earning very high profits in a short time. And what's more, it's not the first time to get and understand the chance when it's the right time to buy and then sell it.

But in reality, there are many people or more newbies who want to participate or invest in the same project but fail. Many factors, especially the wrong moment to enter and exit, ignorance of the risks of playing with a new project, and just being deceived by the hype . My advice to mewbies or people who are not familiar with this, stay away from projects like this because it is very high risk and there is no guarantee that you will be successful. Especially if you haven't been able to do research and control your emotions.

[Anonylz]

Well it is not surprising to see that the fake project has nothing to do with the original OpenAI project.  This is what some of this scammers do, they will take advantage of the popularity of a particular name brand to scam people by creating similar name project.
It is important investors do as much digging as they can when investing to uncover any hidden information that will protect their investment.
Scammers can go any length to fool investors.

[Marykeller]

Scammers dig into whatever is popular and develop their own initiatives that are similar to it to defraud individuals. Scammers consistently have the opinion that if they give their project a well-known name, many people will almost certainly fall for it. We must learn not to be taken away by a newly launched project in the cryptocurrency field, despite its marketing hype, just as scammers are not playing.

As of November of last year, ChatGPT only had their website http://chat.openai.com/ (not having an app yet). However, if you search PlayStore, you will find many apps that address ChatGPT. Numerous fraudulent apps have already been established by scammers, and many users have already downloaded and subscribed to

[Oasisman]

Appreciate you sharing it to the community man and I'm sorry for the loss you made to invest in a wrong coin. I understand that your excitement brings you to decide and act immediately while the project is hot and promising. TBH, some of us, including me might do the same if we've heard something of a good and promising project. Then later on, when we have settled and cashed in, we realized we have time to review and do more digging about the coin and only to end up with this unfortunate event.
This will serve us another precious lesson in terms of investments.

[GreatArkansas]

The real OpenAI link is https://openai.com/
The fake OpenAI ERC link is https://www.openaierc.com/

Be careful out there famz, these scammers are not playing
(....)

This is really clearly a scam, if you are dumb enough not to notice this, it's really your fault. But then again, we cannot judge some people who really fall into this scam, most of these people for sure are new in the space of cryptocurrency.
This kind of project is driven by hype or what's popular right now just like before, meme coins are trending than a lot of memecoin projects popped up and scammed people, and now it's about A.I.

[Fundamentals Of]

Nothing's surprising here. We can probably generalize and consider that 90% or above of the coins listed on coinmarketcap are nothing but shitcoins. And as shitcoins they could be scam, or just a way for developers to earn from innocent and greedy newbies, or very poor projects, mostly copies of other projects, that have actually no chance of becoming successful. Coinmarketcap is terrible in screening new coins. They simply allow obvious scams to get to their list if the price is right.

But make no mistake, even though most Shitcoins are scam coins, there are also those that you can really rely on to take profits.
Recently listed Shitcoins have very low prices and we can find out and choose Shitcoins that have good progress, That way there is still a large percentage of chances that one day they will experience Hype and the price will soar.
Although indeed if investing or trading in Shitcoin you have to be extra careful because it has a very big risk of losing the money invested.
The ups and downs of Shitcoin prices also tend to be faster and more unpredictable.

I'm not saying you cannot make money from shitcoins. You can earn big from them. Many are making big profits from shitcoins. It is risky of course but you can be lucky to buy at a very cheap price and sell after a quick pump.

You can even make money from scams. Ponzis could be profitable if you came early. It is also possible you have already made a lot of money before a scam decided to suddenly exit or pull the rug.

But these are not advisable investments. The return may be high but the risk is higher.

[rozak]

But these are not advisable investments. The return may be high but the risk is higher.

the risk was too great, even when one had done in-depth research. Still, such a project is too big a risk. and regret if they enter with large numbers. why not use small money to try our luck? instead of gambling in the casino, with small money, we can play with shitcoin.
everything depends on the risk management that we can take. play for big money with big risks and big profit possibilities. playing for small money, with big risks, and possible small profits.

[yhiaali3]

This kind of mistake is very common and a lot of people fall into it, I myself have made this mistake before, scammers take advantage of famous brands or projects and all other famous names to trap people.

Often people easily fall into such a trap because they always follow famous names that have achieved significant success, scammers build a product with a name that is very similar to the original product with small changes that are difficult to notice at first sight.

So the only solution is to check well before investing in any project and make sure of the names and brands also from the website and the Twitter account and all these things.

[Strongkored]

Sometimes we will join the hype with what is developing in the world and think that trending technological developments will also enter the crypto world by making coins and so on thereby reducing our vigilance, I doubt that the tech developers in the real world are interested in the crypto world.
This valuable lesson should make us even more vigilant when a new project appears using a name similar to what is happening in this world because most of it can even be said that everyone just wants to take advantage because using trendy names will attract a lot of attention.

[adzino]

Lesson learned I guess. An expensive one though which could have been avoided. I mean, how many times have you heard people screaming to do your own research before investing? If you googled a little, I bet you could have saved yourself from the scam. It is not the first time a scam like this has been pulled. Isn't it obvious that a random project that steals logo and name is going to scam you? There are many projects that scams people using current trends as a disguise. Look at what happened to squidgame token when the TV show was trending.

[Valeriary]

Appreciate that you can tell your story, might stop some people from being scammed out of money with these programs. Many projects are like this. Whatever elements are popular recently, they start to make projects. Generally, such projects will not last long before being discovered by people and then dying. There are many more examples like yours in the crypto world. It's just that they didn't explain it to people for various reasons. Our investment can only figure out the project background and project team by ourselves. But sometimes we still fall into the trap of liars when we think carefully. I hope that everyone's investment risks can be controlled within a controllable range. Don't lose more by being greedy.

[monineklutak]

The real OpenAI link is https://openai.com/
The fake OpenAI ERC link is https://www.openaierc.com/

Be careful out there famz, these scammers are not playing
(....)

This is really clearly a scam, if you are dumb enough not to notice this, it's really your fault. But then again, we cannot judge some people who really fall into this scam, most of these people for sure are new in the space of cryptocurrency.
This kind of project is driven by hype or what's popular right now just like before, meme coins are trending than a lot of memecoin projects popped up and scammed people, and now it's about A.I.

Those who are beginners are certainly more prone to being caught in a scam project,
they really have no experience and I think that's important to improve knowledge and skills,
always do your research before joining a project and that is very important.

[so98nn]

Good that you shared your experience here. It will help others to stay away from this project and any other project which are working based on the impersonating way of scamming peeps. These projects do not last for very long time and could end up loosing the value right after the launch. Sadly, many peeps are victimized by the time it is open to the community that it's a scam.

I hope you have not lost too much money. These things keep happening in the crypto, does not matter how much more efforts you take to be cautious. Sometime we get carried away with it.

Only those who are keeping their investments limited to the known projects and bitcoin are happy in the crypto market.

[lienfaye]

Be careful out there famz, these scammers are not playing

Scammers are doing their best to fool the people. That's why if you didn't dig deeper before investing you might really end up as one of their many victim. Usually those are the people who are lazy to conduct their own diligent research and just joining the hype without any idea of the risk for doing so. That's why it's necessary for all of us to be extra careful and always exert an effort to know if you're investing in the right project. This is, if you don't want to learn the hard way.

[Hypnosis00]

Appreciate that you can tell your story, might stop some people from being scammed out of money with these programs. Many projects are like this. Whatever elements are popular recently, they start to make projects. Generally, such projects will not last long before being discovered by people and then dying. There are many more examples like yours in the crypto world. It's just that they didn't explain it to people for various reasons. Our investment can only figure out the project background and project team by ourselves. But sometimes we still fall into the trap of liars when we think carefully. I hope that everyone's investment risks can be controlled within a controllable range. Don't lose more by being greedy.

We have a lot of issues just like this, things aren't easy this time, and investing seems to need to do extra cautious. Nevertheless, I'd never think this could stop people from getting scammed because even though many times we heard about this scam issue, many people are still blind not to see it, especially those who are wanted to become rich instantly.

Whether we like it or not, scams remain and it is up to us now to determine if that is legit or not. But the best thing to do is to invest only those coins/projects that have been proven profitable already.

[Outhue]

I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.

When alternative currency projects were created, they were intended to support developers and early investors by providing them with free profits, but projects such as OpenAI are profitable and do not need such support, and therefore all the symbols associated with them are fraudulent and will be deleted from all central platforms (due to scam and plagiarism) and therefore it is better to Avoid investing in it.

I hope you learned from this lesson and I am sorry for your loss.

I was unable to sell the tokens after purchasing but today I use 1inch to sell it, I don't know why uniswap won't let me sell even at a higher slippage but luckily I was able to sell on 1inch, phew! I got my money back and I am relief at last..

I asked the team in telegram channel they avoid my question and remove the questions.. Many people on there still have no clue about what's going on.