Post
Topic
Board Altcoin Discussion
Re: Reality of tokens
by
key4co.in
on 15/10/2019, 22:48:36 UTC
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.

This is a bitter truth, most projects have fake team members who just buy ready made ICO websites and token from developers who create multiples, on Fivver and upwork for instance. After that, they pay influencers to bring in Hype for the project, with a catching project aim. This boils down to the fact that, in as much as I admit regulations will drift from decentralisation, it's necessary to curb all this mess. Nowadays it's very difficult to differentiate between genuine and scam projects.