Random token in your wallet with value? It may be a gas fee scam trap

[Mia Chloe]

~snip

I can remember a long while ago there was a casino I did a wallet connection with and I used trust wallet back then obviously because It was temporary. I used it for a while then until I can remember there was a time I received a couple tokens I've never heard of I no longer have connection to the wallet anymore though.

Nevertheless what I'm trying to say is reading this your post now it seems a lot like this is exactly what they wanted to pull but I doubt it would have been successful as I barely had anything there or even used it.

[DYING_S0UL]

If anyone isn't aware of how to check the tax of a token, then usually they will fall into that scam.

They say you never stop learning, so yeah this thing is entirely new to me. I don't recall hearing about such scamming technique, nor do I know about this 100% TAX rule. Would you be able to provide me some links about this tax thing? I tried google searching, but it ain't coming up on my search (I'm im using the wrong keywords). 100% TAX? That even possible? This feels ridiculous as hell. Moreover, how can we figure out whether a token has 100% tax? Are there any tools/extensions of sort?

[Patikno]

I heard about a new type of scam, at least new to me. I am not sure if you are already familiar with this type of scam; I haven't noticed something similar on the forum. So I think it should share with the community in advance to avoid such scams.

First of all, a scammer will deploy a mintable token with a maximum 100% tax, including transfer tax in the main chain. Like if you transfer tokens in Binance Smart Chain, then you have to pay the $25 equivalent in BNB as transfer fees. This means when you are going to sell, that transfer tax will be applied. However, the scammer will organise a token sale somewhere in a decentralised launchpad. Then they will accumulate all the tokens from the launchpad. If someone bought during that time, never mind.

I have heard about this scam several times, and as far as I know, the creators of these shitcoins are using smart contracts to enforce these unreasonable taxes. Furthermore, I still hear about several honeypot scams involving shitcoins, and some people still complain about them. Even though these cases are commonplace, it is strange that there are still victims. So, I think beginners should pay closer attention to this discussion to avoid becoming the next victim. Don't be easily tempted by unknown shitcoins in your wallet, verify it first, check the smart contract, and make sure it is true.

I have a few hundred dollars in my wallet, but it is all scams, if I rush to exchange/swap it (without checking the sc, and its authenticity), and then I will lose money. The point is, don't be greedy.

If anyone isn't aware of how to check the tax of a token, then usually they will fall into that scam. So be aware if you receive something like these tokens that show a lot of value. You have to think first: why have you received that token when you haven't done anything? Consider it a red flag when you receive tokens that show value on the chain. Check the tax; it's not hard, and you may check on the appropriate explorer. Otherwise, you should learn.

I have created a thread about checking smart contracts, and some of them also support checking sc (smart contract) on other networks. So, I hope you will visit it to check it out, and I hope you find it helpful.

Reference :  bitcointalk.org - Several Platforms to Make It Easier to Check SmartContracts