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?
This is not the problem whether to trust the erc20 tokens is or not, but it is the ICO company. Before you joining any ICO, you must make sure
that you have knowledge about the project is real one, not a scam or fake projects.
It is very unfortunately for many investors that have been scammed by some ICO's worth millions of dollars.
You're definitely correct. As we here in the crypto currency community we want a great income as a profitable. There are a lot of ICO Projects here in which will depends to those users that might be demand in the market or not. Basically, those erc 20 tokens in the market are competitive enough to each other in order to sustain the possible downfall and may able to recover. Thus, we must have enough knowledge on those erc 20 tokens as we may have trust of them.