Also, it's the first time I see a fork starting with ERC20 tokens. A fork generally give coins to the holders of the forked coins.
Agree. For me personally, this is one of the biggest red flags of all. However, starting as an ERC20 token and moving to their own coin is not unheard of. It's just very unusual for an idea that hasn't established itself yet.
I think the different scam are made by the same peoples. So little by little, they can get a lot. And of course, by saying the forked coins will be distributed in 7 days on Yobit, people will buy and the price would pumped.
That's possible and maybe even likely. Maybe the reason the new twitter account disappeared is because the news didn't do anything. LTCP is down a few more sat today. I don't think it's been green at all since 4/20.
And for anyone who wants to know, It takes literally 20 mn to create his own ERC20 token. So anyone without a real project can do this and pretend there is a project behind.
For anyone that doesn't know, I hope they take the time to read this post you made more than anything else. I can't believe there are still people investing real and hard earned money into crypto that don't know how easy it is to do this.
Again, I feel terrible for the good people who get scammed. Especially new people who are still trying to learn. I know people have been told a million times but, DO NOT INVEST MONEY YOU CAN'T AFFORD TO LOSE. This is a dirty game right now and it's only going to get dirtier until people learn lessons the hard way by getting scammed. People need to use their heads more and emotions less. Especially greed.
All of that said, I absolutely see the points you're making and they make sense. I just don't think this is a scam. I think it's a terribly run, unorganized great idea. If it should somehow get to $10 I will be very happy all the way to the bank. If it gets to $1 I'll be happy. If it is a scam and goes to 0 sat I will say, "Oh well" and move on because it's so dirt cheap that it's not worth stressing over. So, I guess I'm kind of looking at this project as a can't lose...even if I do.