Last year in early december I bought eBitcoin token which turned out to be a scam. Luckily for me I sold them before the ePRX snapshot but alot others have made losses. I really believed this token would be a succes but I've realized that alot of these ERC20 tokens have the same things in common. The devs (or better said scammers) create alot of hype and pretend their token to be the real deal while they never intended to create a working product. I've thought about investing in tokens like Credits and Elixir but I'm afraid they are all the same kind of scam.
Do you trust them?
ERC20 tokens are legit as legit as Ethereum is. The only scam here is the one who launches the project or ICO. Ethereum cannot identify who will scam so it cannot restrict people from generating ERC20 tokens. Blaming ERC20 tokens is just like saying Bitcoin is a scam because people are using it to scam. This is a wrong way of understanding the situation.