Post
Topic
Board Altcoin Discussion
Re: Reality of tokens
by
Omega Weapon
on 08/11/2019, 02:48:49 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.
What an awful thing, it is precisely because of things like this that the interest in icos is never going to be high again, if they can invest only 50 dollars to create their coins this means that in order for this scam to be profitable the scammer only needs to deceive one person and that could be enough to give him profits, and once the scammer gets profits out of this he is incentivized to keep doing it, and this is probably the cheapest service out there, there must be other services that charge a lot more than that to create a fake coin that will pass many of the checks we will make to try to detect scam projects.