Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Reality of tokens
by
Yaunfitda
on 15/10/2019, 08:21:50 UTC
Quote from: HammadAli on October 14, 2019, 06:01:57 PM
So regarding the fact that what it takes to create a token for example an ERC 20, i ahve found a gig on Fiverr.
Check the link.
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token?context_referrer=search_gigs&source=top-bar&ref_ctx_id=34a69322-cdbf-40a4-98e6-b9f51a1be52f&pckg_id=1&pos=3&context_type=auto&funnel=657f18cb-30b9-4ede-a7f7-139b402768ed

Seller is creating an ICO website as well as the token for just 50$. So your basic invetsment is 50$, Now you just need to do marketing by just making a telegram group and launching a scam bounty scheme and give members greed to give 10% commissions. And you are ready to scam people.
People choose these scammers to scam them and thats all. Not saying that all of the tokens are of this type but most of them are of indeed.

That is really the sad state of alt market right now, anyone can hire someone to create a supposedly token for them for a mere $50 just like you find and then BOOM, start of scamming crypto investors in the community.

And this is the main reason why projects last year and up to this year are not moving forward, gone are the days (2017), wherein there's a ICO craze. People not as getting smarter as well because ICO projects are exposed as 99% scammed.